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MINI EXCAVATORS
LEAD STORY
Fast Facts
According to Allied Market research, the global mini
excavators market size was valued at $6.6 billion in
2020, and is projected to reach $10.2 billion by 2030,
growing at a CAGR of 4.4% from 2021 to 2030.
With respect to the operating weights, higher end-use
in construction sector will be driving the demand for
compact excavators with 4000-10000 lbs. capacity.
By the end of 2026, about 80 thousand compact
excavators with 4000-10000 lbs. operating weight
capacity are expected to be sold globally.
Mini excavators are highly adopted in various industries
due to their ability to operate in confined spaces.
Mini excavators can be used with several types of
attachments, allowing the user to perform tasks various
with a single machine.
Mini excavators are finding varying applications in
agriculture, railway maintenance, material handling,
forestry, and log splitting.
The increasing application of mini excavators in
the agricultural sector has prompted vendors to
manufacture agriculture-specific models.
Excavators are predominantly used in construction as well as growth of mini excavator over the forecast period. Further,
agriculture sector for various applications. However, a large the extensive applications of mini excavator in installation,
excavator is not always optimal to performing small scale task. maintenance, and restoration of gas pipelines, and electric
Whereas, by using mini excavators, these tasks can be performed transmission networks is expected to accelerate the growth of
easily and at lower cost, which is anticipated to boost the the mini excavator industry. Other applications of mini excavator
demand for mini excavators. Mini excavators provide assistance include irrigational agricultural activities and railway maintenance.
in performing landscaping, excavating, demolishing, picking & Further, technological advancements in the industry are expected
placing, material handling, constructing activities, and others. to aid the market growth in the coming years.
Further, they aid in completion of labor-intensive tasks or the Furthermore, the increased investments on infrastructure projects
works earlier performed using heavy construction equipment. If such as road construction, by the governments across the globe
experts are to be believed, mini excavator can eliminate the role have surged the demand for mini excavators. On the other hand,
of tractor, mini truck, and pickups, and makes the task easy, fast, rise in world population has significantly increased demand in the
efficient, versatile, economical, and compact. They are ideal for agriculture sector, thereby; positively influencing mini excavators
construction sites with restricted space. market growth.
The market growth of mini excavator is driven by the rising demand
for infrastructural development program and construction activities The Catalysts:
across the globe. The ongoing residential construction and While these are macro demand trends, the availability of a
infrastructural development is expected to propel the market wide range of mini excavator in various lifting capacities makes
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