Compact Construction Equipment Market

Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.

The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.

Compact Construction Equipment Market contains market size and forecasts of Compact Construction Equipment in global, including the following market information:

Global Compact Construction Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Compact Construction Equipment Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Compact Construction Equipment companies in 2021 (%)

The global Compact Construction Equipment market was valued at 16700 million in 2021 and is projected to reach US$ 31090 million by 2028, at a CAGR of 9.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Mini Excavators Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Compact Construction Equipment include Caterpillar, John Deere, Takeuchi, Wacker Neuson SE, Kubota, CNH Industrial, Sany, JCB and Komatsu, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Compact Construction Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Compact Construction Equipment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Compact Construction Equipment Market Segment Percentages, by Type, 2021 (%)

Mini Excavators

Compact Wheel Loaders

Compact Track Loaders

Skid Steer Loaders

Others

Global Compact Construction Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Compact Construction Equipment Market Segment Percentages, by Application, 2021 (%)

Construction

Mining

Agriculture

Others

Global Compact Construction Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Compact Construction Equipment Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Compact Construction Equipment revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Compact Construction Equipment revenues share in global market, 2021 (%)

Key companies Compact Construction Equipment sales in global market, 2017-2022 (Estimated), (Units)

Key companies Compact Construction Equipment sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Caterpillar

John Deere

Takeuchi

Wacker Neuson SE

Kubota

CNH Industrial

Sany

JCB

Komatsu

Volvo

Ditch Witch

Manitou

Hitachi

ASV

XCMG