The North America Mini Excavators Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
Mini excavators, also known as compact excavators, are small hydraulic excavators designed for use in various construction, landscaping, and utility applications where space is limited. One of the key factors driving the growth of the market is the increasing demand for compact and versatile construction equipment. These are well-suited for urban construction projects, renovation, landscaping, and utility maintenance tasks where larger equipment may be impractical. Their compact size allows them to navigate confined spaces and work in confined areas, making them highly versatile and adaptable to various job site requirements.
Population growth has significantly increased demand in the agricultural sector, which has had a positive effect on the expansion of the market. Moreover, since these are available in a range of lifting capacities, they can be utilized for an extensive variety of small-scale projects. These are extensively employed for tasks such as maintaining land surfaces and excavating small pits and trenches, in addition to managing lower loads. The proliferation of enhanced battery technologies has facilitated the procurement and operation of mini excavators. Furthermore, the incorporation of cameras and other spatial sensors has propelled the development of an entirely new line of compact excavators characterized by enhanced operability.
They are widely used in utility and landscaping applications across North America. They are essential for digging trenches for utilities, installing drainage systems, and landscaping in urban and rural settings. In urban US, many Americans enjoy having a pool or a large hot tub outside their homes. The fact that there are approximately 10.4 million household swimming pools in the United States demonstrates how popular pools are. Because many states need homeowners to obtain special building licenses for pools, they frequently hire contractors to do the work. These are ideal for manoeuvring through a backyard where a bigger equipment cannot reach. Therefore, as construction and infrastructure development activities continue to expand in the region, their demand is expected to remain strong in the coming years.
The US market dominated the North America Mini Excavators Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,896.1 Million by 2030. The Canada market is experiencing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2023 - 2030).
Free Valuable Insights: The Mini Excavators Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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.
North America 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
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Mini Excavators Market, by Type
1.4.2 North America Mini Excavators Market, by Operating Weight
1.4.3 North America Mini Excavators Market, by End User
1.4.4 North America 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. North America Mini Excavators Market, By Type
5.1 North America Track Market, By Country
5.2 North America Wheeled Market, By Country
Chapter 6. North America Mini Excavators Market, By Operating Weight
6.1 North America Less than 4 tons Market, By Country
6.2 North America 4 tons to 10 tons Market, By Country
Chapter 7. North America Mini Excavators Market, By End User
7.1 North America Landscaping & Construction Market, By Country
7.2 North America Agriculture Market, By Country
Chapter 8. North America Mini Excavators Market, By Country
8.1 US Mini Excavators Market
8.1.1 US Mini Excavators Market, By Type
8.1.2 US Mini Excavators Market, By Operating Weight
8.1.3 US Mini Excavators Market, By End User
8.2 Canada Mini Excavators Market
8.2.1 Canada Mini Excavators Market, By Type
8.2.2 Canada Mini Excavators Market, By Operating Weight
8.2.3 Canada Mini Excavators Market, By End User
8.3 Mexico Mini Excavators Market
8.3.1 Mexico Mini Excavators Market, By Type
8.3.2 Mexico Mini Excavators Market, By Operating Weight
8.3.3 Mexico Mini Excavators Market, By End User
8.4 Rest of North America Mini Excavators Market
8.4.1 Rest of North America Mini Excavators Market, By Type
8.4.2 Rest of North America Mini Excavators Market, By Operating Weight
8.4.3 Rest of North America 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 North America Mini Excavators Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 7 North America Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 8 North America Track Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America Track Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Wheeled Market, By Country, 2019 - 2022, USD Million
TABLE 11 North America Wheeled Market, By Country, 2023 - 2030, USD Million
TABLE 12 North America Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 13 North America Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 14 North America Less than 4 tons Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Less than 4 tons Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America 4 tons to 10 tons Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America 4 tons to 10 tons Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 19 North America Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 20 North America Landscaping & Construction Market, By Country, 2019 - 2022, USD Million
TABLE 21 North America Landscaping & Construction Market, By Country, 2023 - 2030, USD Million
TABLE 22 North America Agriculture Market, By Country, 2019 - 2022, USD Million
TABLE 23 North America Agriculture Market, By Country, 2023 - 2030, USD Million
TABLE 24 North America Mini Excavators Market, By Country, 2019 - 2022, USD Million
TABLE 25 North America Mini Excavators Market, By Country, 2023 - 2030, USD Million
TABLE 26 US Mini Excavators Market, 2019 - 2022, USD Million
TABLE 27 US Mini Excavators Market, 2023 - 2030, USD Million
TABLE 28 US Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 29 US Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 30 US Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 31 US Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 32 US Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 33 US Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 34 Canada Mini Excavators Market, 2019 - 2022, USD Million
TABLE 35 Canada Mini Excavators Market, 2023 - 2030, USD Million
TABLE 36 Canada Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 37 Canada Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 38 Canada Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 39 Canada Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 40 Canada Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 41 Canada Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 42 Mexico Mini Excavators Market, 2019 - 2022, USD Million
TABLE 43 Mexico Mini Excavators Market, 2023 - 2030, USD Million
TABLE 44 Mexico Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 45 Mexico Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 46 Mexico Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 47 Mexico Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 48 Mexico Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 49 Mexico Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 50 Rest of North America Mini Excavators Market, 2019 - 2022, USD Million
TABLE 51 Rest of North America Mini Excavators Market, 2023 - 2030, USD Million
TABLE 52 Rest of North America Mini Excavators Market, By Type, 2019 - 2022, USD Million
TABLE 53 Rest of North America Mini Excavators Market, By Type, 2023 - 2030, USD Million
TABLE 54 Rest of North America Mini Excavators Market, By Operating Weight, 2019 - 2022, USD Million
TABLE 55 Rest of North America Mini Excavators Market, By Operating Weight, 2023 - 2030, USD Million
TABLE 56 Rest of North America Mini Excavators Market, By End User, 2019 - 2022, USD Million
TABLE 57 Rest of North America Mini Excavators Market, By End User, 2023 - 2030, USD Million
TABLE 58 key Information – Volvo Group
TABLE 59 Key Information – Kobe Steel, Ltd.
TABLE 60 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 61 key information – Caterpillar, Inc.
TABLE 62 Key Information – Komatsu Ltd.
TABLE 63 Key Information – Deere & Company
TABLE 64 Key Information – hitachi ltd.
TABLE 65 Key Information – J C Bamford Excavators Ltd.
TABLE 66 Key Information – Takeuchi Mfg. Co., Ltd.
TABLE 67 Key Information – Zoomlion Heavy Industry Science&Technology Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Mini Excavators Market, Share By Type, 2022
FIG 9 North America Mini Excavators Market, Share By Type, 2030
FIG 10 North America Mini Excavators Market, By Type, 2019 - 2030, USD Million
FIG 11 North America Mini Excavators Market, Share By Operating Weight, 2022
FIG 12 North America Mini Excavators Market, Share By Operating Weight, 2030
FIG 13 North America Mini Excavators Market, By Operating Weight, 2019 - 2030, USD Million
FIG 14 North America Mini Excavators Market, Share By End User, 2022
FIG 15 North America Mini Excavators Market, Share By End User, 2030
FIG 16 North America Mini Excavators Market, By End User, 2019 - 2030, USD Million
FIG 17 North America Mini Excavators Market, Share By Country, 2022
FIG 18 North America Mini Excavators Market, Share By Country, 2030
FIG 19 North America 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.