The "Mini Excavators Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Global mini excavators market projects significant growth from $7.88 billion in 2023 to an impressive $10.23 billion by 2028, at a compound annual growth rate (CAGR) of 5.2%. The report, which provides an in-depth analysis of the industry, is now available for review, shedding light on market trends, opportunities, and future scenarios within the sector.

Industry Surge Driven by Technological Innovation and Infrastructure Development

Technological advancements and increased infrastructure development are identified as key drivers fueling this expansion. The advent of smarter, more efficient models featuring state-of-the-art integrated machine control systems, auto grade assist tools, and advanced fleet management software are revolutionizing how mini excavators operate, amplifying efficiency and productivity on worksites.

Agricultural and Construction Sectors Spur Market Growth

The report details the significant impact of burgeoning construction activities and the flourishing agricultural industry on the demand for mini excavators. With their ability to navigate tight spaces and perform in diverse environments, these machines are increasingly indispensable across multiple industries.

Comprehensive Market Analysis

The publication provides a detailed segmentation of the market, including wheeled and tracked mini excavators, along with their applications in agriculture, construction, forestry, and more. It also features meticulous regional and country-specific analyses, offering a granular view of the market dynamics.

Anticipated Market Developments

Noteworthy trends such as the emphasis on green construction practices and the growing rental markets are anticipated to support the mini excavators market's growth trajectory. Additionally, regulatory initiatives aimed at improving equipment efficiency signify a positive outlook for the sector's advancement.

Regional Insights and Market Leaders

• The Asia-Pacific region held the predominant market share in 2023, with Western Europe identified as the fastest-growing region during the forecast period.
• Strategic acquisitions by leading companies are further fortifying market positions, as seen with CNH Industrial NV's acquisition of Sampierana S.p.A.'s capital stock, boosting the former's construction equipment sector reach.

A selection of companies mentioned in this report includes, but is not limited to:

• AB Volvo
• Caterpillar Inc.
• Hitachi Ltd.
• Deere & Company
• Hyundai Construction Equipment Co. Ltd.
• J C Bamford Excavators Ltd.
• Kobe Steel Ltd.
• Komatsu Ltd.
• Takeuchi Mfg. Co. Ltd.
• Doosan Infracore Co. Ltd.
• Cukurova Ziraat Endustri Ve Ticaret A S
• Bobcat Company
• Bharat Earth Movers Limited
• Terex Corp.
• Guangxi LiuGong Machinery Co. Ltd.
• Kubota Corporation
• Yanmar Holdings Co. Ltd.
• Kobelco Construction Machinery Co. Ltd.
• Sany Group
• Wacker Neuson SE
• Liebherr Group
• XCMG Group
• LiuGong Machinery Corp.
• Atlas Copco AB
• CNH Industrial N.V.
• Manitou Group
• KATO Works Co. Ltd.
• IHI Corporation
• Sunward Intelligent Equipment Co.Ltd.
• New Holland

For more information about this report visit https://www.researchandmarkets.com/r/tt3z75

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240424310540/en/