Compact Construction Equipment Market

Report Code AT 9330
Published in Mar, 2025, By MarketsandMarkets™
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Compact Construction Equipment Market by Type (Excavator, Loader, Skid Steer, Track Loader, Compactor, Telehandler), Propulsion, Power Output, Engine Capacity, Function, Electric Construction Equipment, Battery Chemistry, & Region - Global Forecast to 2032

 

Overview

The Compact Construction Equipment market is projected to grow from USD 39.52 billion in 2025 to USD 56.05 billion by 2032, at a CAGR of 5.1%. Compact Construction equipment is machinery that performs specific construction or demolition functions. These equipment are portable/semi-permanent and are primarily used for excavation, loading, lifting, hoisting, and compaction applications. It is also used in other applications such as infrastructure, residential, commercial, and industrial buildings. While North America will be the dominant market for compact construction equipment, Asia and Europe have seen significant demand for this equipment.

Compact Construction Equipment Market

Attractive Opportunities in the Compact Construction Equipment Market

ASIA PACIFIC

Demand for green technology & sustainability solutions in Asia Pacific is rising due to strict government policies, net-zero commitments, and rapid industrialization driving emissions regulations. Countries like Singapore and Japan are investing in AI-driven carbon tracking and ESG compliance to meet climate goals and global supply chain standards.

Vendors specializing in AI-driven ESG analytics, real-time carbon tracking, and blockchain-powered supply chain transparency will lead, as businesses prioritize automated, scalable, and compliant sustainability solutions.

AI-powered carbon accounting, blockchain-based supply chain traceability, and generative AI-driven ESG compliance automation are emerging as hot bets as industries seek real-time, regulatory-compliant sustainability solutions.

AI-powered carbon accounting software is revolutionizing sustainability through emissions tracking, compliance, and decarbonization, helping industries forecast and optimize sustainability strategies to meet global ESG mandates, while preventing greenwashing.

Generative AI is transforming the market by automating ESG reporting, optimizing carbon reduction strategies, and enhancing predictive sustainability insights, making sustainability management more efficient and data-driven.

Global Compact Construction Equipment Market Dynamics

DRIVER: Rapid urbanization is fueling the demand for compact construction equipment in the residential and commercial sectors.

Rapid urban growth, particularly in developing countries where infrastructure development is a priority, drives the demand for compact construction equipment. As cities expand, there's a growing need for machinery that can work in tight spaces. The United Nations estimates that by 2050, around 68% of the world's population will live in cities, creating a need to construct roads, homes, and public facilities. Compact equipment like mini excavators, compact track loaders, compactors, and skid-steer loaders will be used to build these urban projects. Asia is estimated to be one of the largest markets for compact construction equipment, fueled by the demand for this equipment in countries like India, China, and Japan. According to IBEF, The Government of India has allowed FDI of up to 100% for townships and settlements development projects, and in the 2024-25 budget, PM Awas Yojana Urban 2.0 will address housing needs for 1 crore urban poor and middle-class families with USD 120.16 billion investment. The Japanese real-estate market is also booming; around USD 10.2 billion were invested in the Japanese real-estate market in 2023, a 12.3% increase from the past year. In 2023, China launched a pilot scheme to boost private investment in the real estate sector; investors in this scheme should invest a minimum of USD 1.38 million to participate. Due to all these factors, the increasing urbanization will drive the demand for compact equipment.

RESTRAINT: Regulations and International trade policies.

Strict international trade rules and regulations are a major restraint for the compact construction equipment market, affecting manufacturers and consumers. Many countries have introduced rules to protect their industries, and these can make international trade more difficult. Geopolitical issues, like trade disagreements between countries, can worsen these challenges. If countries get into disputes, they might change tariffs or impose new restrictions, which can block the flow of compact construction equipment between countries.

On December 18, 2024, the European Commission released the revised Construction Products Regulation, Regulation 3110/2024. This regulation is expected to impact the construction equipment market in Europe greatly. It will be enforced on January 7, 2025, with full rules applying by January 8, 2026. The regulation aims to improve the construction industry's sustainability, digitalization, and standardization. The ongoing trade tensions between the United States and China greatly impact the construction equipment trade, creating challenges for manufacturers and buyers. Tariffs on Chinese imports, including heavy machinery and construction equipment, have made these products more expensive for US companies. As a result, buyers must pay additional amounts for the same equipment. These uncertainties can discourage investments in new projects and limit opportunities for manufacturers dependent on global supply chains.

 

OPPORTUNITY: Advancements in Hydrogen-propelled compact construction equipment

Advancements in hydrogen ICE-powered construction compact equipment present a significant opportunity for the construction equipment market, especially as the industry increasingly demands sustainable practices. Major construction OEMs working in this space include JCB (UK), Liebherr (Switzerland), and HD Hyundai Infracore (South Korea). For instance, JCB has significantly developed this area with its hydrogen combustion engine, unveiling the JCB 3DX backhoe loader powered by this technology. Hydrogen infrastructure development is also gaining momentum, supported by initiatives like India's National Hydrogen Mission, which aims to create a robust ecosystem for hydrogen as a zero-carbon fuel. As more manufacturers invest in hydrogen technology and introduce new products, the construction equipment market is on the verge of shifting toward cleaner, more sustainable operations.

CHALLENGE: Battery-related issues in electric compact construction equipment

Battery-related issues in electric compact construction equipment include limited capacity and space to fit larger batteries. The major concern in electric equipment is the limited battery capacity, which often restricts the operational time of electric compact machinery. Most of the compact equipment offered in electric propulsion currently provides 4 - 6 hours per charge battery life. Due to the faster discharging compared to heavy electric equipment, this equipment requires frequent recharging, which increases the machines' downtime and disrupts specified timelines. According to industry experts, construction companies face issues such as longer charging times and frequent discharging of electric equipment. The electric equipment now cannot compete with the more extended working capabilities of the diesel-propelled equipment. Additionally, the physical constraints of compact equipment mean there is limited space to fit larger batteries, which are necessary to enhance energy storage and extend operational time. As a result, manufacturers face the challenge of balancing battery size with performance, leading to potential compromises in optimum functionality.

Global Compact Construction Equipment Market Ecosystem Analysis

Compact construction equipment component suppliers, assembly line suppliers, distribution and service providers, rental service components providers, and end users primarily represent the compact construction equipment ecosystem. The ecosystem comprises component suppliers who supply engines and drivetrains and specialized suppliers for boom and cabin. These components are assembled at the second level of the ecosystem. This stage brings together components for the assembly and fabrication of construction equipment. At the distribution and service level, the dealer sells construction equipment independently without the intervention of the manufacturers.

Top Companies in Compact Construction Equipment Market

Note: The above diagram only shows the representation of the Compact Construction Equipment Market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

 

Electric Loaders to lead the Electric Compact Construction Equipment Market by equipment category.

Electric loaders will lead the electric compact construction equipment market by equipment category. Electric loaders are gaining prominence in the compact construction equipment market due to increasing environmental concerns and stringent emission regulations. Significant product developments in the electric loaders segment have been seen in the compact wheel and track loaders. Major OEMs offering electric loaders include AB Volvo (Sweden), XCMG (China), Caterpillar (US), and Doosan Bobcat (South Korea). Recently, Doosan Bobcat unveiled the T7X, an all-electric compact track loader that eliminates hydraulic systems, pollutants, and vibrations. This innovation showcases the industry's focus on cutting-edge solutions. AB Volvo offers L20 and L25 Electric compact wheel loaders launched in 2023 with a loading capacity of 4,900 - 5,270 kg and a battery capacity of 40kWh. The recent product launches and the global drive for sustainability and carbon neutrality will drive the demand for electric compact equipment, resulting in a growing market for electric loaders.

Telehandlers to have the fastest growth in the equipment type segment.

Telehandlers will experience the fastest growth rate in the equipment type market segment from 2025 to 2032 due to investments by key OEMs in the telehandlers market. The demand for Telehandlers is estimated to increase globally during the forecast period. The equipment has a wide range of applications, from construction to agriculture and industrial. In January 2024, SANY India achieved the milestone of exporting 1,000 telehandlers to the US. In January 2025, the company also completed the expansion of its manufacturing plant in India for Telehandlers. The production capacity of the new plant is now 14,000 units/year. The company plans to export a higher volume of Telehandler units from this facility in 2025. In February 2023, J C Bamford Excavators Ltd. acquired Swedish telehandler manufacturer Hiab for USD 1.5 billion. The acquisition was focused on improving the company's global telehandler market. JCB (UK) is also testing its new 4.8L hydrogen engine for its telehandlers. In addition to the increasing infrastructural developments, the demand for moving goods and other equipment from one place to another will rise, resulting in increased global demand for telehandlers.

North America is projected to be the largest compact construction equipment market

According to the Associated General Contractors of America (AGC), North America's construction equipment market growth is attributed to the increasing residential construction activities and construction spending. The increasing demand for new housing units, resulting from population saturation, is a key factor fueling the growth of the construction equipment market in the region. According to the US Census Bureau and the US Department of Housing and Urban Development, 1,483,000 building permits were approved, and housing completions were 1,544,000 in December 2024. During the same period, the residential sector grew by 2.6% compared to December 2023.

The Canadian construction market has recorded investment in building construction grew 2.8% to USD 21.4 billion in June 2024, after a slight increase of 0.8% in May 2024. The year-on-year building construction investments also rose by 10.0% in June 2024, following a 7.0% increase in May 2024. The construction output in Mexico also increased by 12.57% in June of 2023 over the same month from 2022. These developments and the presence of key OEMs like Caterpillar (US) and Deere & Company (US) in the region will propel the demand for compact construction equipment.

LARGEST REGION BY MARKET SHARE IN 2025
NETHERLANDS: FASTEST-GROWING MARKET IN REGION
Compact Construction Equipment Market by region

Recent Developments of Compact Construction Equipment Market

  • In January 2025, Kubota Corporation launched three new models of compact construction equipment, including two mini excavators and one compact track loader.
  • In July 2024, Deere & Company launched a 326 P-Tier Telescopic Compact Wheel Loader. The equipment provides enhanced operator confidence and effortless operation efficiency.
  • In May 2024, CASE Construction Equipment announced the launch of its DL550 Compact Dozer Loader in Australia.
  • In June 2024, Deere & Company launched five new P-Tier Skid Steer Loader (SSL) and Compact Track Loader (CTL) models, including 330 and 334 P-Tier Skid Steer Loaders.

Key Market Players

List of Top Compact Construction Equipment Market Companies

The Compact Construction Equipment Market is dominated by a few major players that have a wide regional presence. The major players in the Compact Construction Equipment Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2032
Base year considered 2024
Forecast period 2025–2032
Forecast units Volume (Units) and Value (USD Million/Billion)
Segments Covered By Equipment Type, Power Output, Propulsion Type, Engine Capacity, Function, Electric Equipment Category, Battery Chemistry, Compact Equipment Shipment by OEM, and Region.
Regions covered Asia, North America, Europe, The Middle East, and the Rest of the World [RoW]

 

Key Questions Addressed by the Report

What is the current size of the global Compact Construction Equipment market?
The construction equipment market is projected to grow from USD 39.52 billion in 2025 to USD 56.05 billion by 2032, at a CAGR of 5.1%.
Which equipment type is currently experiencing the fastest growth in the compact construction equipment market?
Telehandlers will have the fastest growth in the Compact Construction Equipment market.
How does the demand for Compact Construction Equipment vary by region?
North America is estimated to be the largest market for Compact Construction Equipment during the forecast period, followed by Asia. The growth of the compact construction equipment market in North America is mainly attributed to urban infrastructure development.
What are the growth opportunities for the Compact Construction Equipment supplier?
Government mandates and the emergence of various technologies, such as 5G and AI, would create growth opportunities for the Compact Construction Equipment suppliers.
Which is the fastest-growing segment in the electric construction equipment market by equipment category?
Electric loaders will have the fastest-growing segment, with the highest growth rate of 41.8%.

 

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Table Of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 MARKET DEFINITION AND SCOPE
    INCLUSIONS & EXCLUSIONS
  • 1.3 MARKET SCOPE
    YEARS CONSIDERED FOR THE STUDY
  • 1.4 CURRENCY & PRICING
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    - Secondary sources
    - Key data from secondary sources
    PRIMARY DATA
    - List of primary participants
  • 2.2 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    TOP-DOWN APPROACH
  • 2.3 MARKET BREAKDOWN & DATA TRAINGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 RESEARCH LIMITATIONS
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
MARKET OVERVIEW
5
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.3 IMPACT OF AI/GEN AI ON COMPACT CONSTRUCTION EQUIPMENT MARKET
  • 5.4 TRENDS & DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 SUPPLY CHAIN ANALYSIS
  • 5.8 CASE STUDY ANALYSIS
  • 5.9 INVESTMENT AND FUNDING SCENARIO
  • 5.10 PATENT ANALYSIS
  • 5.11 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    COMPLIMENTARY TECHNOLOGIES
    ADJACENT TECHNOLOGIES
  • 5.12 REGULATORY LANDSCAPE
    LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
    REGULATORY FRAMEWORK
  • 5.13 TRADE ANALYSIS
  • 5.14 KEY CONFERENCES & EVENTS IN 2025-2026
  • 5.15 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 OEM ANALYSIS
    ELECTRIC COMPACT CCONSTRUCTION EQUIPMENT- OEM VS. BATTERY CAPACITY
    COMPACT CONSTRUCTION EQUIPMENT- OEMS VS. EQUIPMENT TYPES
COMPACT CONSTRUCTION EQUIPMENT MARKET, GLOBAL SHIPMENT BY OEM
6
  • 6.1 INTRODUCTION
  • 6.2 BOBCAT COMPANY: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.3 CATERPILLAR: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.4 CNH INDUSTRIAL N.V.: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.5 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.6 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.7 J C BAMFORD EXCAVATORS LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.8 DEERE & COMPANY: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.9 KOMATSU LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.10 KUBOTA CORPORATION: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.11 LIEBHERR: COMPACT EQUIPMENT GLOBAL SHIPMENT
  • 6.12 KEY PRIMARY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
7
  • 7.1 INTRODUCTION
  • 7.2 BACKHOE LOADERS
  • 7.3 MINI EXCAVATORS
  • 7.4 WHEELED EXCAVATORS
  • 7.5 SKID-STEER LOADERS
  • 7.6 TRACK LOADERS
  • 7.7 WHEELED LOADERS (<80 HP)
  • 7.8 TELEHANDLERS
  • 7.9 COMPACTORS
  • 7.10 KEY PRIMARY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE
8
  • 8.1 INTRODUCTION
  • 8.2 DIESEL
  • 8.3 CNG/LNG/RNG
  • 8.4 HYDROGEN
  • 8.5 KEY PRIMARY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
8
  • 9.1 INTRODUCTION
  • 9.2 ≤ 30 HP
  • 9.3 31-60 HP
  • 9.4 61-99HP
  • 9.5 KEY PRIMARY INSIGHTS
    COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
9
  • 10.1 INTRODUCTION
  • 10.2 <2.5 L
  • 10.3 2.5-5 L
  • 10.4 KEY PRIMARY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION
10
  • 11.1 INTRODUCTION
  • 11.2 LOADING
  • 11.3 EXCAVAVTION
  • 11.4 LIFTING & HOISTING
  • 11.5 KEY PRIMARY INSIGHTS
ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
11
  • 12.1 INTRODUCTION
  • 12.2 ELECTRIC LOADERS
  • 12.3 ELECTRIC EXCAVATORS
  • 12.4 ELECTRIC TELEHANDLERS
  • 12.5 ELECTRIC COMPACTORS
  • 12.6 KEY PRIMARY INSIGHTS
ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
12
  • 13.1 INTRODUCTION
  • 13.2 LITHIUM IRON PHOSPHATE (LFP)
  • 13.3 LITHIUM NICKEL MANGANESE COBALT (NMC)
  • 13.4 OTHER BATTERY CHEMISTRIES
  • 13.5 KEY PRIMARY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION
13
  • 14.1 INTRODUCTION
  • 14.2 ASIA
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    JAPAN
    INDONESIA
    INDIA
    REST OF ASIA PACIFIC
  • 14.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    GERMANY
    FRANCE
    SPAIN
    UK
    ITALY
    REST OF EUROPE
  • 14.4 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    CANADA
    MEXICO
  • 14.5 MIDDLE EAST
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    QATAR
    SAUDI ARABIA
    UAE
    REST OF MIDDLE EAST
  • 14.6 REST OF THE WORLD
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    RUSSIA
    SOUTH AFRICA
    BRAZIL
    OTHERS
    KEY PRIMARY INSIGHTS
COMPETITIVE LANDSCAPE
14
  • 15.1 OVERVIEW
  • 15.2 KEY PLAYER STRATEGIES/ RIGHT TO WIN, 2022-2024
  • 15.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019-2023
  • 15.4 MARKET SHARE ANALYSIS, 2024
  • 15.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 15.6 PRODUCT/BRAND COMPARISON
  • 15.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - COMPANY FOOTPRINT
    - REGION FOOTPRINT
    - EQUIPMENT TYPE FOOTPRINT
    - POWER OUTPUT FOOTPRINT
    - PROPULSION TYPE FOOTPRINT
  • 15.8 COMPETITIVE SCENARIO
    DEALS
    NEW PRODUCT LAUNCHES
    OTHERS
COMPANY PROFILES
15
  • 16.1 KEY PLAYERS
    CATERPILLAR
    BOBCAT COMPANY
    KOMATSU LTD.
    DEERE & COMPANY
    HITACHI CONSTRUCTION MACHINERY CO., LTD.
    AB VOLVO
    CNH INDUSTRIAL N.V
    LIEBHERR
    SANY GROUP
    J C BAMFORD EXCAVATORS LTD.
    XCMG GROUP
    ZOOMLION CONSTRUCTION MADHINERY CO., LTD.
    KOBELCO CONSTRUCTION MACHINERY CO., LTD.
    HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
    KUBOTA CORPORATION
    KING MACHINERY
    SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
  • 16.2 OTHER KEY PLAYERS
    WACKER NEUSON SE
    ESCORTS, LTD.
    AMMANN GROUP
    LIUGONG MACHINERY CO., LTD.
    MANITOU GROUP
    MUSTANG
    GEHL
    SHANTUI CONSTRUCTION MACHINERY CO., LTD.
    THE CHARLES MACHINE WORKS, INC.
    VERMEER CORPORATION
RECOMMENDATIONS BY MARKETSANDMARKETS
16
APPENDIX
17

The study encompassed four primary tasks to determine the present and future scope of the compact construction equipment market. Initially, extensive secondary research was conducted to gather data on the market, its related sectors, and overarching industries. Subsequently, primary research involving industry experts across the value chain corroborated and validated these findings and assumptions. The complete market size was estimated by using both top-down and bottom-up methodology. Following this, a market breakdown and data triangulation approach were utilized to determine the size of specific segments and subsegments within the market.

Secondary Research

The secondary sources referred to the company's annual reports/presentations, industry association publications, directories, technical handbooks, World Economic Outlook, technical articles, and databases, which were used to identify and collect information for an extensive study of the compact construction equipment market. The secondary sources used while estimating the market sizing are the Association of Equipment Manufacturers, the Committee for European Construction Equipment (CECE), corporate filings (such as annual reports, investor presentations, and financial statements), and off-highway associations. Secondary data was collected and analyzed to determine the overall market size, further validated through primary research. The primary sources—experts from related industries, OEMs, and component suppliers—were interviewed to obtain and verify critical information and assess prospects and market estimations. Historical sales data has been collected and analyzed, and the industry trend is considered to arrive at the forecast, which is further validated by primary research.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.

Primary interviews have been conducted to gather insights such as sizing estimates on the compact construction equipment market and forecast, future technology trends, and upcoming technologies in the compact construction equipment market. Data triangulation of all these points was done using the information gathered from secondary research and model mapping. Stakeholders from the demand and supply sides have been interviewed to understand their views on the abovementioned points.

Compact Construction Equipment Market Size, and Share

Note: Other designations include sales, marketing, and product managers.
Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

As mentioned below, a detailed market estimation approach was followed to estimate and validate the value of the compact construction equipment market and other dependent submarkets.

The bottom-up approach was used to estimate and validate the compact construction equipment market size. The compact construction equipment market size, by equipment and country, was derived by mapping the historical sales of different equipment at the country level. These data points were largely fetched from the country-level associations, off-highway databases, and OEM data excerpts. The market size, by value, was derived by multiplying the equipment-wise average selling price with the respective equipment volume calculated in units. Each country/region's total volume and value of each country/ region are then summed up to reveal the total volume of the global compact construction equipment market for each type. The data was validated through primary interviews with industry experts. The compact construction equipment market is further segmented into power output, engine capacity, propulsion, and electric equipment. The penetration of different segments was derived from secondary research and primary interviews.

The gathered market data was consolidated, enhanced with detailed inputs, analyzed, and presented in this report.

Compact Construction Equipment Market : Top-Down and Bottom-Up Approach

Compact Construction Equipment Market Top Down and Bottom Up Approach

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Market Definition

Compact Construction equipment is machinery that performs specific construction or demolition functions. These equipment are portable/semi-permanent and are primarily used for excavation, loading, lifting and, hoisting and compaction applications. It is also used in other applications such as infrastructure, residential, commercial, and industrial buildings.

The equipment considered in the study have been selected based on power output, all under 120 HP.

Stakeholders

  • Construction Equipment manufacturers
  • Consulting companies (Road, Building & Infrastructure)
  • Tier 1 companies (component suppliers)
  • Battery, motor, and other electric construction equipment part suppliers
  • Equipment service providers
  • Off-Vehicle Safety Regulatory Bodies
  • Government and research institutions
  • Off-highway associations 

Report Objectives

  • To define, describe, and forecast the Compact Construction Equipment market in terms of value (USD million) and volume (units) based on the following segments:
    • By Equipment Type (Backhoe Loaders, Compact Track Loaders, Mini Excavators, Skid-Steer Loaders, Wheeled Excavators, Wheeled Loaders <80 HP, Compactors and Telehandlers)
    • By Propulsion Type (Diesel, CNG/LNG/RNG, Hydrogen)
    • By Power Output (<30HP, 31-60HP, 61-100HP)
    • By Engine Capacity (Up to 2L, 2-3.5L, Above 3.5L)
    • By Function (Excavation, Loading, Lifting & Hoisting and Compaction)
    • Electric Construction Equipment Market, By Equipment Category (Electric Excavators, Electric Loaders, Electric Telehandlers, Electric Compactors)
    • Electric Compact Construction Equipment Market, By Battery Chemistry (Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Others)
    • Compact construction Equipment Market, Global Shipment by OEM (Doosan Bobcat, Caterpillar, Hitachi Construction Equipment, CNH Industrial, Hyundai Construction Equipment Co., Ltd, JCB, Deere & Company, Komatsu, Kubota Corporation, AB Volvo, Wacker Neuson SE, Kobelco)
    • By Region (Asia Pacific, Europe, North America, The Middle East, and the Rest of the World)
  • To understand the dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To analyze the market share of leading players operating in the compact construction equipment market and evaluate the company evaluation quadrant.
  • To strategically analyze key player strategies and company revenue analysis
  • To study the following with respect to the market
    • Trends and Disruptions Impacting Customers' Businesses
    • Market Ecosystem
    • Supply Chain Analysis
    • Patent Analysis
    • Regulatory Landscape
    • Case Study Analysis
    • Key Conferences and Events
    • Investment and Funding Scenario
    • Pricing Analysis
    • OEM Analysis
    • OEM Strategies
  • To analyze recent developments, including supply contracts, new product launches, expansions, and mergers & acquisitions undertaken by key industry participants in the market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Compact Construction Equipment Market, By End-Use Industry

  • Construction& Infrastructure
  • Mining
  • Oil & Gas
  • Manufacturing
  • Others

Electric Compact Construction Equipment Market, By Country

  • China
  • India
  • Japan
  • Indonesia
  • US
  • Canada
  • Mexico
  • Germany
  • UK
  • France
  • Italy
  • Spain

Previous Versions of this Report

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