Compact Construction Equipment Market 2021 Progression Status, Size, Growth Drivers and Challenges, Revenue Expectation to 2030

In a recent published report, Kenneth Research has updated the market report for Compact Construction Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Compact Construction Equipment Market products.

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Growing need for automation of industries, backed by the increasing trends of industrial internet of things (IIoT) and Industry 4.0, coupled with the need for minimum human contact of processes owing to the recent global pandemic, COVID-19, are some of the factors raising the need for the increasing deployment of automated robots, that help to increase efficiency in work processes.

Compact Construction Equipment Market was valued at USD 4.31 Billion in the year 2017. Global Compact Construction Equipment Market is further estimated to grow at a CAGR of 5.1% from 2019 to reach USD 6.40 Billion by the year 2025. North America region holds the highest Market share in 2017 and Europe Market is considered as the fastest growing Market in the forecasted period due to growing demand for recycling products and technological advancements. At a country level, the U.S. & Canada is projected to grow strongly in the coming years.

Major market players in Construction Equipment Market are AB Volvo, Hyundai Heavy Industries Co. LTD., Caterpillar Inc., Deere & Company, Komatsu Ltd., J C Bamford Excavators Ltd., Manitou BF, S.A. (Mustang), Sany Group, XCMG Group, King Machinery, and brief overview of 11 companies is also provided in the report. Better global reach at an operational level is the main reason the key players are holding substantial Market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Construction Equipment Market:

Light weight and easy to transport and operate
Benefits associated with using compact equipment’s
Lack of skilled operators
Stringent regulations & fluctuating fuel prices
Highly growing Investment in infrastructure projects globally
Innovation in technology
Low entry barriers
Lack of structure

The segmentation is done on the basis of equipment Type, by end-user Market, by application, and by region. On the basis of equipment type, the global Compact Construction Equipment Market is sub segmented as backhoe loaders, excavators, skid steer loaders, track loaders, telehandlers and others of which the backhoe loaders segment is expected to hold the highest CAGR during the forecast period.

Construction Equipment Market Segmentation:
By End-User Market
*Metals & Mining

By Application
*Material Handling
*Lifting & Hosting

By Equipment
*Backhoe Loaders
*Skid Steer Loaders
*Track Loaders

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

Table Of Contents:-

1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research Key Data from Secondary Research
2.1.2. Primary Research Key Data from Primary Research Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Compact Construction Equipment Industry, By Equipment
6.1 Backhoe Loaders
6.2 Excavators
6.3 Skid Steer Loaders
6.4 Track Loaders
6.5 Telehandlers
6.6 Others
7. Compact Construction Equipment Industry, By End-User Industry
7.1 Metals & Mining
7.2 Construction
7.3 Agriculture
7.4 Others
8. Compact Construction Equipment Industry, By Application
8.1 Loading
8.2 Excavation
8.3 Material Handling
8.4 Lifting & Hosting
8.5 Others
9 Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. RoAPAC
9.5. RoW
9.5.1. Latin America Brazil Argentina Rest of Latin America
9.5.2. Middle East and Africa
10. Company Profiles
10.1 AB Volvo
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product Overview
10.1.4 Current Development
10.2 Hyundai Heavy Industries Co. LTD.
10.3 Caterpillar, Inc.
10.4 Deere & Company
10.5 Komatsu Ltd.
10.6 J C Bamford Excavators Ltd.
10.7 Manitou BF, S.A. (Mustang)
10.8 Sany Group
10.9 XCMG Group
10.10 King Machinery
11. Competitive Analysis
11.1. Introduction
11.2. Industry Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

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