LeapZipBlog: Steve Blade's blog: Europe’s Compact Excavators Market Poised to Expand at a CAGR of 2.8% During Forecast for 2017 - 2026

Europe’s Compact Excavators Market Poised to Expand at a CAGR of 2.8% During Forecast for 2017 - 2026

June 19, 2019 by Steve Blade  

 According to a recently published report by Fact.MR, the global market for compact excavators is likely to expand at a 2.7% CAGR in terms of volume during the forecast period, 2017-2026. The report further projects that by the end of 2026, over 173.6 Bn units of compact excavators will be sold across the globe. The report further reveals that the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for compact excavators through 2026.

Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging tasks. Compact excavators have emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly treaded the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.

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Focus on Improving Performance Features: A Key Trend in the Excavator Market

As excavators are cost-sensitive, their performance characteristics, efficiency, and flexibility make the biggest impact on purchasing decisions of customers. Leading manufacturers in the excavator market aim to deliver unique performance features to attract more customers, especially in saturated markets.

Table of Content

1. Global Economic Outlook
2. Global Compact Excavators Market - Executive Summary
3. Global Compact Excavators Market Overview

3.1. Introduction
3.1.1. Global Compact Excavators Market Taxonomy
3.1.2. Global Compact Excavators Market Definition
3.2. Global Compact Excavators Market Size (US$ Mn) & (Units) and Forecast, 2012-2026
3.2.1. Global Compact Excavators Market Y-o-Y Growth
3.3. Global Compact Excavators Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Raw Material Sourcing Strategy and Analysis
3.8. Service Provider List
3.9. Key Participants Market Presence (Intensity Map) By Region

To be Continue.............

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Demand for Electric Compact Excavators to Gain Traction by 2026-end

The report has also projected that tail swing compact excavators will be a top-selling product in the global market throughout the forecast period. On the other hand, zero tail swing compact excavators are expected to register a relatively high CAGR of 2.8% in terms of volume. On the basis of motor-type analysis, the demand for compact excavators with electric motors will surge in the latter half of the forecast period. Diesel compact excavators are expected to register largest revenue share of nearly 90% in the global compact excavators market through 2026.

Compact Excavators Market: Competitive Landscape

Companies observed as leaders in the manufacturing of compact excavators have been profiled in the report. These include, Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu, Volvo Construction Equip., Doosan Bobcat, Inc., Yanmar Holdings Co. ltd., JCB, Inc., Kubota Corp., Case Construction Equipment, Nagano Industry Co., Ltd., Kobelco Construction Machinery U.S.A Inc., KATO Works, Bharat Earth Movers, Çukurova Ziraat, guangxi LiuGong Machinery, Sany Group, Terex, XCMG, and Zoomlion Heavy Industry Science and Technology.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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