The Latin America, Middle East and Africa Mini Excavators Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).
The market is also driven by demand from other sectors such as agriculture, forestry, landscaping, and utilities. They are used in these sectors for a wide range of applications such as land clearing, tree removal, irrigation trenching, drainage work, and general earthmoving tasks. Their versatility and compact size make them ideal for these applications, where precision and manoeuvrability are essential. A significant factor contributing to the utilization of these for jobs like sewage repairs is their cost-effectiveness compared to larger equipment while performing an equivalent function.
The market is also influenced by macroeconomic factors such as government infrastructure development initiatives, construction industry trends, and the overall economic outlook. Government investments in infrastructure projects, particularly in emerging economies, have created a significant demand for mini excavators as these machines are essential for various construction activities such as digging, trenching, material handling, and demolition. The competitive landscape of the market is characterized by the presence of several key players who are constantly innovating and introducing new products to meet the evolving needs of customers.
Agriculture is a significant sector in many countries in the LAMEA region, and these are increasingly used in agricultural applications such as land preparation, irrigation system installation, and maintenance of agricultural infrastructure. The growth of the agriculture sector in the LAMEA region has led to the diversification of agricultural activities, including horticulture, floriculture, and agroforestry. They are used in these specialized agricultural activities for land preparation and planting, increasing their demand. As agricultural activities expand, there is a growing need for land preparation and irrigation infrastructure. Hence, the regional market will expand rapidly in the coming years because of all the aforementioned factors.
The Brazil market dominated the LAMEA Mini Excavators Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $175.6 Million by 2030. The Argentina market is showcasing a CAGR of 8.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Mini Excavators Market is Projected to reach USD 9.4 Billion by 2030, at a CAGR of 4.7%
Based on Type, the market is segmented into Track and Wheeled. Based on Operating Weight, the market is segmented into Less than 4 tons and 4 tons to 10 tons. Based on End User, the market is segmented into Landscaping & Construction and Agriculture. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Volvo Group
- Kobe Steel, Ltd.
- Hyundai Construction Equipment Co., Ltd.
- Caterpillar, Inc.
- Komatsu Ltd.
- Deere & Company
- Hitachi, Ltd.
- J C Bamford Excavators Ltd.
- Takeuchi Mfg. Co., Ltd.
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
LAMEA Mini Excavators Market Report Segmentation
By Type
By Operating Weight
- Less than 4 tons
- 4 tons to 10 tons
By End User
- Landscaping & Construction
- Agriculture
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Mini Excavators Market, by Type
1.4.2 LAMEA Mini Excavators Market, by Operating Weight
1.4.3 LAMEA Mini Excavators Market, by End User
1.4.4 LAMEA Mini Excavators Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Geographical Expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Mar – 2023, Dec) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Mini Excavators Market, By Type
5.1 LAMEA Track Market, By Country
5.2 LAMEA Wheeled Market, By Country
Chapter 6. LAMEA Mini Excavators Market, By Operating Weight
6.1 LAMEA Less than 4 tons Market, By Country
6.2 LAMEA 4 tons to 10 tons Market, By Country
Chapter 7. LAMEA Mini Excavators Market, By End User
7.1 LAMEA Landscaping & Construction Market, By Country
7.2 LAMEA Agriculture Market, By Country
Chapter 8. LAMEA Mini Excavators Market, By Country
8.1 Brazil Mini Excavators Market
8.1.1 Brazil Mini Excavators Market, By Type
8.1.2 Brazil Mini Excavators Market, By Operating Weight
8.1.3 Brazil Mini Excavators Market, By End User
8.2 Argentina Mini Excavators Market
8.2.1 Argentina Mini Excavators Market, By Type
8.2.2 Argentina Mini Excavators Market, By Operating Weight
8.2.3 Argentina Mini Excavators Market, By End User
8.3 UAE Mini Excavators Market
8.3.1 UAE Mini Excavators Market, By Type
8.3.2 UAE Mini Excavators Market, By Operating Weight
8.3.3 UAE Mini Excavators Market, By End User
8.4 Saudi Arabia Mini Excavators Market
8.4.1 Saudi Arabia Mini Excavators Market, By Type
8.4.2 Saudi Arabia Mini Excavators Market, By Operating Weight
8.4.3 Saudi Arabia Mini Excavators Market, By End User
8.5 South Africa Mini Excavators Market
8.5.1 South Africa Mini Excavators Market, By Type
8.5.2 South Africa Mini Excavators Market, By Operating Weight
8.5.3 South Africa Mini Excavators Market, By End User
8.6 Nigeria Mini Excavators Market
8.6.1 Nigeria Mini Excavators Market, By Type
8.6.2 Nigeria Mini Excavators Market, By Operating Weight
8.6.3 Nigeria Mini Excavators Market, By End User
8.7 Rest of LAMEA Mini Excavators Market
8.7.1 Rest of LAMEA Mini Excavators Market, By Type
8.7.2 Rest of LAMEA Mini Excavators Market, By Operating Weight
8.7.3 Rest of LAMEA Mini Excavators Market, By End User
Chapter 9. Company Profiles
9.1 Volvo Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Kobe Steel, Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Hyundai Construction Equipment Co., Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 SWOT Analysis
9.4 Caterpillar, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Komatsu Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Deere & Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Hitachi, Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 J C Bamford Excavators Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Product Launches and Product Expansions:
9.8.5 SWOT Analysis
9.9 Takeuchi Mfg. Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Product Launches and Product Expansions:
9.9.5 SWOT Analysis
9.10. Zoomlion Heavy Industry Science & Technology Co., Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
TABLE 1 LAMEA Mini Excavators Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Mini Excavators Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Mini Excavators Market
TABLE 4 Product Launches And Product Expansions– Mini Excavators Market
TABLE 5 Geographical Expansion – Mini Excavators Market
TABLE 6 LAMEA Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 8 LAMEA Track Market, By Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Track Market, By Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Wheeled Market, By Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Wheeled Market, By Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 13 LAMEA Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 14 LAMEA Less than 4 tons Market, By Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Less than 4 tons Market, By Country, 2023 - 2030, USD Million
TABLE 16 LAMEA 4 tons to 10 tons Market, By Country, 2019 - 2022, USD Million
TABLE 17 LAMEA 4 tons to 10 tons Market, By Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 19 LAMEA Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 20 LAMEA Landscaping & Construction Market, By Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Landscaping & Construction Market, By Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Agriculture Market, By Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Agriculture Market, By Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Mini Excavators Market, By Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Mini Excavators Market, By Country, 2023 - 2030, USD Million
TABLE 26 Brazil Mini Excavators Market, 2019 - 2022, USD Million
TABLE 27 Brazil Mini Excavators Market, 2023 - 2030, USD Million
TABLE 28 Brazil Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 29 Brazil Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 30 Brazil Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 31 Brazil Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 32 Brazil Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 33 Brazil Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 34 Argentina Mini Excavators Market, 2019 - 2022, USD Million
TABLE 35 Argentina Mini Excavators Market, 2023 - 2030, USD Million
TABLE 36 Argentina Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 37 Argentina Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 38 Argentina Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 39 Argentina Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 40 Argentina Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 41 Argentina Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 42 UAE Mini Excavators Market, 2019 - 2022, USD Million
TABLE 43 UAE Mini Excavators Market, 2023 - 2030, USD Million
TABLE 44 UAE Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 45 UAE Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 46 UAE Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 47 UAE Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 48 UAE Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 49 UAE Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 50 Saudi Arabia Mini Excavators Market, 2019 - 2022, USD Million
TABLE 51 Saudi Arabia Mini Excavators Market, 2023 - 2030, USD Million
TABLE 52 Saudi Arabia Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 53 Saudi Arabia Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 54 Saudi Arabia Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 55 Saudi Arabia Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 56 Saudi Arabia Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 57 Saudi Arabia Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 58 South Africa Mini Excavators Market, 2019 - 2022, USD Million
TABLE 59 South Africa Mini Excavators Market, 2023 - 2030, USD Million
TABLE 60 South Africa Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 61 South Africa Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 62 South Africa Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 63 South Africa Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 64 South Africa Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 65 South Africa Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 66 Nigeria Mini Excavators Market, 2019 - 2022, USD Million
TABLE 67 Nigeria Mini Excavators Market, 2023 - 2030, USD Million
TABLE 68 Nigeria Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 69 Nigeria Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 70 Nigeria Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 71 Nigeria Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 72 Nigeria Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 73 Nigeria Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 74 Rest of LAMEA Mini Excavators Market, 2019 - 2022, USD Million
TABLE 75 Rest of LAMEA Mini Excavators Market, 2023 - 2030, USD Million
TABLE 76 Rest of LAMEA Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 77 Rest of LAMEA Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 78 Rest of LAMEA Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 79 Rest of LAMEA Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 80 Rest of LAMEA Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 81 Rest of LAMEA Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 82 key Information – Volvo Group
TABLE 83 Key Information – Kobe Steel, Ltd.
TABLE 84 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 85 key information – Caterpillar, Inc.
TABLE 86 Key Information – Komatsu Ltd.
TABLE 87 Key Information – Deere & Company
TABLE 88 Key Information – hitachi ltd.
TABLE 89 Key Information – J C Bamford Excavators Ltd.
TABLE 90 Key Information – Takeuchi Mfg. Co., Ltd.
TABLE 91 Key Information – Zoomlion Heavy Industry Science&Technology Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Mini Excavators Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Mini Excavators Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions : 2021, Mar – 2023, Dec) Leading Players
FIG 7 Porter’s Five Forces Analysis - Mini Excavators Market
FIG 8 LAMEA Mini Excavators Market, Share By Type, 2022
FIG 9 LAMEA Mini Excavators Market, Share By Type, 2030
FIG 10 LAMEA Mini Excavators Market, By Type, 2019 - 2030, USD Million
FIG 11 LAMEA Mini Excavators Market, Share By Operating Weight, 2022
FIG 12 LAMEA Mini Excavators Market, Share By Operating Weight, 2030
FIG 13 LAMEA Mini Excavators Market, By Operating Weight, 2019 - 2030, USD Million
FIG 14 LAMEA Mini Excavators Market, Share By End User, 2022
FIG 15 LAMEA Mini Excavators Market, Share By End User, 2030
FIG 16 LAMEA Mini Excavators Market, By End User, 2019 - 2030, USD Million
FIG 17 LAMEA Mini Excavators Market, Share By Country, 2022
FIG 18 LAMEA Mini Excavators Market, Share By Country, 2030
FIG 19 LAMEA Mini Excavators Market, By Country, 2019 - 2030, USD Million
FIG 20 Swot Analysis: Volvo Group
FIG 21 Swot Analysis: Kobe Steel, Ltd.
FIG 22 Swot Analysis: Hyundai Construction Equipment Co., Ltd.
FIG 23 SWOT Analysis: Caterpillar, Inc.
FIG 24 Recent strategies and developments: Komatsu Ltd.
FIG 25 SWOT Analysis: Komatsu Ltd.
FIG 26 SWOT Analysis: Deere & Company
FIG 27 Swot Analysis: Hitachi, Ltd.
FIG 28 Swot Analysis: J C Bamford Excavators Ltd.
FIG 29 Recent strategies and developments: Takeuchi Mfg. Co., Ltd.
FIG 30 Swot Analysis: Takeuchi Mfg. Co., Ltd.
FIG 31 Swot Analysis: Zoomlion Heavy Industry Science&Technology Co., Ltd.