The Mini Excavators Market is Predict to reach $9.4 Billion by 2030, at a CAGR of 4.7%

Mini Excavators Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Mini Excavators Market size is expected to reach $9.4 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.

The Wheeled segment would exhibit a CAGR of 5.2% during (2023 - 2030). Wheeled mini excavators are well-suited for urban construction and maintenance tasks. Their ability to navigate tight spaces and operate on paved surfaces makes them valuable in urban environments. In some regions and markets, wheeled mini excavators are preferred due to their specific advantages, such as mobility and transportation. This has led to increased demand for wheeled mini excavators in these areas.

The Less than 4 tons segment is generating highest revenue in the Global Mini Excavators Market, By Operating Weight in 2022; thereby, achieving a market value of $5.4 billion by 2030. The demand for mini excavators with less than 4 tons operating weight is driven by several factors that make these machines highly versatile and well-suited for a wide range of applications. Mini excavators in this weight class offer a balance of compact size, maneuverability, and lifting capacity, making them popular choices for construction, landscaping, utilities, and other industries. They consume less fuel, require less maintenance, and may be subject to lower transportation and insurance costs, making them more cost-effective for certain applications.

The Agriculture segment is experiencing a CAGR of 6.2% during (2023 - 2030). Some mini excavators are designed specifically for agricultural applications, with features such as low ground pressure tracks for working in sensitive environments like orchards or vineyards, or specialized attachments for tasks like planting and harvesting. In livestock farming, mini excavators can be used for tasks such as cleaning and maintaining animal pens, handling feed and manure, and constructing or repairing infrastructure such as fences and barns.

Full Report: https://www.kbvresearch.com/mini-excavators-market/

The Asia Pacific region dominated the Global Mini Excavators Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.7 billion by 2030. The Europe region is anticipated to grow at a CAGR of 4.2% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4% during (2023 - 2030).

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.

Mini Excavators Market Report Segmentation

By Type

• Track
• Wheeled

By Operating Weight

• Less than 4 tons
• 4 tons to 10 tons

By End User

• Landscaping & Construction
• Agriculture

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Mini Excavators Market Size & Forecast to 2030

• January-2024
• 125 Pages

LAMEA Mini Excavators Market Size, Share & Forecast, 2030

• January-2024
• 134 Pages

Europe Mini Excavators Market Size, Share & Forecast, 2030

• January-2024
• 133 Pages

Asia Pacific Mini Excavators Market Size, Share & Growth 2030

• January-2024
• 134 Pages