Compact Construction Equipment Market Growth, Size, Share, Trends, and Forecast by 2031

Coverage: Compact Construction Equipment Market covers analysis by Equipment Type (Backhoe Loader, Excavator, Skid Steer Loader, Telehandler, Track Loader, and Others), End-user Industry (Metal & Mining, Construction, Agriculture, and Others), and Application (Loading, Excavation, Material Handling, Lifting & Hoisting, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPMC00002509
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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Compact Construction Equipment Market Share (2021-2031)

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The Compact Construction Equipment Market is expected to register a CAGR of 4.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The market is segmented into by Equipment, End User, and Application. The Equipment segment is divided into Backhoe Loader, Excavator, Skid Steer Loader, Telehandler, Track Loader, and Others. Based on ENd User, the market is segmented into Metal & Mining, Construction, Agriculture, and Others. Based on Application, the market is divided into Loading, Excavation, Material Handling, Lifting & Hoisting, and Others

Purpose of the Report

The report Compact Construction Equipment Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Compact Construction Equipment Market Segmentation

Equipment Type
  • Backhoe Loader
  • Excavator
  • Skid Steer Loader
  • Telehandler
  • Track Loader
  • Others
End-user Industry
  • Metal & Mining
  • Construction
  • Agriculture
  • Others
Application
  • Loading
  • Excavation
  • Material Handling
  • Lifting & Hoisting
  • Others

Strategic Insights

Compact Construction Equipment Market Growth Drivers
  • Infrastructure Development Growth: A rise in investment levels in the infrastructure projects worldwide has come to be one of the major drivers for the compact construction equipment market. Governments and private sectors are investing heavily in building roads, bridges, and urban developments, which increases the demand for compact machinery that can function in limited spaces in huge numbers .
  • Advancements in Technology and Enhanced Efficiency: Technological improvement in compact construction equipment including fuel efficiency, performance enhancements, and telematics integration fuels the market's growth. Such innovations also help reduce operational costs by improving productivity and better managing equipment; therefore, compact construction machines remain highly attractive to the contractors and rental companies alike.
  • Increased Demand for Small-Scale Construction Projects: This kind of equipment is in increased demand due to the upsurge of smaller-scale construction projects like residential, landscaping, and local government infrastructure. This is because compact construction equipment is highly productive but less demanding in terms of operation space and a smaller number of workers. They can handle various operations such as digging, grading, and lifting, among others.
Compact Construction Equipment Market Future Trends
  • Increased Adoption of Electric and Hybrid Equipment: Electric and hybrid compact construction equipment introduction has become remarkably en vogue. That is because such machines yield substantial reductions in emissions as well as significant cuts in operating costs to users, besides regulatory pressures to go green growing ever greater within the realm of construction.
  • Expansion of Rental Services: The trend for renting instead of buying construction equipment is gaining grounds. Most contractors prefer renting compact construction equipment to avoid capital expenditure and reduce the maintenance of the equipment, hence requiring a larger rental market to support this demand in compact machinery.
Compact Construction Equipment Market Opportunities
  • Telematics and Automation in Compact Equipment: Telematics and automation, amongst other advanced technology technologies, open a big door for compact construction equipment. Telematics can contribute significantly to furthering operational efficiency, improving safety, and analyzing data in real time, making such compact equipment even more appealing to contractors and construction companies.
  • Green Technology Boosting Equipment Demand: With greater emphasis on sustainability by the construction industry, compact construction equipment that integrates green technology is bound to find more opportunities. Low-emission and fuel-efficient equipment can attract the conscious environmental customer and will be more in tune with tougher regulatory requirements

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Compact Construction Equipment Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Compact Construction Equipment Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
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Report Coverage
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Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
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Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

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Frequently Asked Questions


What is the expected CAGR of the Compact Construction Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Equipment Type (Backhoe Loader, Excavator, Skid Steer Loader, Telehandler, Track Loader, and Others), End-user Industry (Metal & Mining, Construction, Agriculture, and Others), and Application (Loading, Excavation, Material Handling, Lifting & Hoisting, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)?

The Compact Construction Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Equipment Type (Backhoe Loader, Excavator, Skid Steer Loader, Telehandler, Track Loader, and Others), End-user Industry (Metal & Mining, Construction, Agriculture, and Others), and Application (Loading, Excavation, Material Handling, Lifting & Hoisting, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 4.2% from 2023 to 2031

What are the driving factors impacting the Compact Construction Equipment market?

The major factors driving the Compact Construction Equipment market are: Infrastructure Development Growth

Which are the leading players operating in the Compact Construction Equipment market

The leading players includes Caterpillar, Inc., AB Volvo, Deere & Company, Hyundai Heavy Industries Co. Ltd, XCMG Group, J C Bamford Excavators Ltd., Komatsu Ltd, Manitou BF, Hyster-Yale Group, Inc.., and Sany Group

What are the deliverable formats of the Compact Construction Equipment market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

Table of Contents

1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 COMPACT CONSTRUCTION EQUIPMENT MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Compact Construction Equipment Market - By Equipment Type
3.2.2 Compact Construction Equipment Market - By End-user Industry
3.2.3 Compact Construction Equipment Market - By Application
3.2.4 Compact Construction Equipment Market - By Region
3.2.4.1 By Countries
3.2.5 PEST Analysis
3.2.5.1 North America - PEST Analysis
3.2.5.2 Europe - PEST Analysis
3.2.5.3 Asia Pacific (APAC) - PEST Analysis
3.2.5.4 Middle East & Africa (MEA) - PEST Analysis
3.2.5.5 South America (SAM)- PEST Analysis
4 COMPACT CONSTRUCTION EQUIPMENT MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 COMPACT CONSTRUCTION EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
5.1 COMPACT CONSTRUCTION EQUIPMENT - GLOBAL MARKET OVERVIEW
5.2 COMPACT CONSTRUCTION EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6 COMPACT CONSTRUCTION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
6.1 OVERVIEW
6.2 EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
6.3 BACKHOE LOADER MARKET
6.3.1 Overview
6.3.2 Backhoe loader market forecast and analysis
6.4 EXCAVATOR MARKET
6.4.1 Overview
6.4.2 Excavator market forecast and analysis
6.5 TELEHANDLER MARKET
6.5.1 Overview
6.5.2 Telehandler market forecast and analysis
6.6 TRACK LOADER MARKET
6.6.1 Overview
6.6.2 Track loader market forecast and analysis
6.7 OTHERS MARKET
6.7.1 Overview
6.7.2 Others market forecast and analysis
7 COMPACT CONSTRUCTION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
7.1 OVERVIEW
7.2 END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
7.3 METAL & MINING MARKET
7.3.1 Overview
7.3.2 Metal & mining market forecast and analysis
7.4 CONSTRUCTION MARKET
7.4.1 Overview
7.4.2 Construction market forecast and analysis
7.5 AGRICULTURE MARKET
7.5.1 Overview
7.5.2 Agriculture market forecast and analysis
7.6 OTHERS MARKET
7.6.1 Overview
7.6.2 Others market forecast and analysis
8 COMPACT CONSTRUCTION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1 OVERVIEW
8.2 APPLICATION MARKET FORECASTS AND ANALYSIS
8.3 LOADING MARKET
8.3.1 Overview
8.3.2 Loading market forecast and analysis
8.4 EXCAVATION MARKET
8.4.1 Overview
8.4.2 Excavation market forecast and analysis
8.5 MATERIAL HANDLING MARKET
8.5.1 Overview
8.5.2 Material handling market forecast and analysis
8.6 LIFTING & HOISTING MARKET
8.6.1 Overview
8.6.2 Lifting & hoisting market forecast and analysis
8.7 OTHERS MARKET
8.7.1 Overview
8.7.2 Others market forecast and analysis
9 COMPACT CONSTRUCTION EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA
9.1.1 North America Compact Construction Equipment Market Overview
9.1.2 North America Compact Construction Equipment Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Countries
9.1.3.1 US market
9.1.3.2 Canada market
9.1.3.3 Mexico market
9.1.4 North America Market Forecasts and Analysis - By Equipment Type
9.1.5 North America Market Forecasts and Analysis - By End-user Industry
9.1.6 North America Market Forecasts and Analysis - By Application
9.2 EUROPE
9.2.1 Europe Compact Construction Equipment Market Overview
9.2.2 Europe Compact Construction Equipment Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Countries
9.2.3.1 France market
9.2.3.2 Germany market
9.2.3.3 Italy market
9.2.3.4 Spain market
9.2.3.5 UK market
9.2.3.6 Rest of Europe market
9.2.4 Europe Market Forecasts and Analysis - By Equipment Type
9.2.5 Europe Market Forecasts and Analysis - By End-user Industry
9.2.6 Europe Market Forecasts and Analysis - By Application
9.3 ASIA PACIFIC (APAC)
9.3.1 Asia Pacific Compact Construction Equipment Market Overview
9.3.2 Asia Pacific Compact Construction Equipment Market Forecasts and Analysis
9.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1 Australia market
9.3.3.2 China market
9.3.3.3 India market
9.3.3.4 Japan market
9.3.3.5 Rest of APAC market
9.3.4 Asia Pacific Market Forecasts and Analysis - By Equipment Type
9.3.5 Asia Pacific Market Forecasts and Analysis - By Application
9.3.6 Asia Pacific Market Forecasts and Analysis - By End-user Industry
9.4 MIDDLE EAST AND AFRICA (MEA)
9.4.1 Middle East and Africa Compact Construction Equipment Market Overview
9.4.2 Middle East and Africa Compact Construction Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1 South Africa market
9.4.3.2 Saudi Arabia market
9.4.3.3 UAE market
9.4.3.4 Rest of MEA market
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Equipment Type
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Application
9.4.6 Middle East and Africa Market Forecasts and Analysis - By End-user Industry
9.5 SOUTH AMERICA (SAM)
9.5.1 South America Compact Construction Equipment Market Overview
9.5.2 South America Compact Construction Equipment Market Forecasts and Analysis
9.5.3 South America Market Forecasts and Analysis - By Countries
9.5.3.1 Brazil market
9.5.3.2 Rest of SAM market
9.5.4 South America Market Forecasts and Analysis - By Equipment Type
9.5.5 South America Market Forecasts and Analysis - By Application
9.5.6 South America Market Forecasts and Analysis - By End-user Industry
10 INDUSTRY LANDSCAPE
10.1 MERGERS & ACQUISITIONS
10.2 MARKET INITIATIVES
10.3 NEW DEVELOPMENTS
10.4 INVESTMENT SCENARIOS
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE INDUSTRY MAPPING
11.2 MARKET POSITIONING/ MARKET SHARE
12 COMPACT CONSTRUCTION EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1 CATERPILLAR, INC.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 AB VOLVO
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 DEERE & COMPANY
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 HYUNDAI HEAVY INDUSTRIES CO. LTD
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 XCMG GROUP
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 J C BAMFORD EXCAVATORS LTD.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 KING MACHINERY
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 KOMATSU, LTD.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 MANITOU BF, S.A. (MUSTANG)
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 SANY GROUP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments

13 APPENDIX
13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 RESEARCH METHODOLOGY
The List of Companies


1. Caterpillar, Inc.
2. AB Volvo
3. Deere & Company
4. Hyundai Heavy Industries Co. Ltd
5. XCMG Group
6. J C Bamford Excavators Ltd.
7. King Machinery
8. Komatsu,.Ltd
9. Manitou BF, S.A. (Mustang)
10. SANY Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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