Global Compact Construction Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global compact construction equipment market in its upcoming report titled, “Global Compact Construction Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global compact construction equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global compact construction equipment market report has been segmented on the basis of equipment, application, end user, and region.

Request Covid - 19 Impact

Compact construction equipment are machines that work efficiently in limited spaces, such as commercial and residential construction jobsites, road and bridge projects, traveling through narrow openings, and in between and inside buildings.

Rising urbanization, increasing government expenditure on upgradation of present infrastructure coupled with increasing foreign direct investment leading to increased construction activities and increasing residential construction and reconstruction activities in developed and developing countries are major factors driving growth of the global compact construction equipment market. In addition, various advantages of compact construction equipment such as durability, high efficiency, heavy loading and unloading capacity, etc. is another factor expected to boost growth of the global compact construction equipment market. Moreover, increasing demand for compact construction equipment form various end use industry such as construction, agriculture, metal and mining, etc. is another factor expected to further support growth of the global compact construction equipment market over next few years.

However, high production cost is a major factor restraining growth of the global compact construction equipment market. In addition, fluctuating cost of fuel and unskilled labor to operate the equipment are some other factors which are expected to challenge growth of the global compact construction equipment market.

Development of technologically advanced products with cost efficiency and increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue to players operating in the global compact construction equipment market over the forecast period.

North America market is expected to dominate in the global compact construction equipment market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing construction and reconstruction activities and presence of prominent players operating in countries in this region. Europe market accounts for second-largest revenue share in the global compact construction equipment market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing urbanization and increasing foreign direct investment in emerging economies in this region.

Global Compact Construction Equipment Market Segmentation:

By Equipment

• Backhoe Loader
• Excavator
• Skid Steer Loader
• Tele-handler
• Track Loader
• Others

By End-use Industry

• Metals & Mining
• Construction
• Agriculture
• Others

By Application

• Loading
• Excavation
• Materials Handling
• Lifting & Hoisting
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa