The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in construction activity is projected to drive the small excavator market forward.

The global mini excavators market is expected to grow from $7.42 billion in 2022 to $7.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%.  The market is expected to reach $9.68 billion in 2027 at a CAGR of 5.3%.

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Global Mini Excavators Market Segments Include:

• By Type: Wheeled, Track
• By Operating Weight: Less Than 4 Tons, 4 Tons To 10 Tons
• By End User Industry: Agriculture, Construction, Forestry
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global mini excavators market in 2021.

Major Market Players in the mini excavators market include 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.

Technological developments are a major trend that is gaining traction in the micro excavator equipment market. To maintain their market position, major players in the micro excavator market are embracing new technology.

The Mini Excavators Global Market Report 2023  provides a mini excavators market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mini excavators market forecast analyzes mini excavators market size, mini excavators market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A mini excavator is a compact, tracked or wheeled construction machine used for excavating and excavation. It has a tiny cab or operator platform with controls, a hydraulic system to power the boom, bucket, and other attachments, and tracks or wheels for mobility. They are used for working on delicate surfaces or in small spaces where a standard excavator would not fit since they are easy to operate and can transfer goods to and from the job site.

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