Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging tasks. Compact excavators have emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly treaded the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.
Compact excavators are witnessing a steady demand pertaining to their role in performing high-level digging operations in cramped up spaces. Manufacturers are working towards improving the maneuverability of compact excavators for creating operational ease. Moreover, new compact excavators entering the market are being equipped with advanced function such as autonomous operability and telematics. In addition, several companies in the global compact excavators market are striving to develop compact excavators with low fuel consumption and reduced noise emissions.
After reading the compact excavator market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the compact excavator market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The compact excavator market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico)
- Europe (U.K., Germany)
- APEJ (China, India)
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The evaluation of the competitive landscape in the compact excavator market covers the profile of the following top players:
- Caterpillar Inc.
- Deere & Company
- Hitachi Construction Machinery Co., Ltd.
- Komatsu Ltd.
- Volvo Construction Equipment and Services, Inc.
- Doosan Bobcat, Inc
- Yanmar Co., ltd
- JCB, Inc.
- Kubota Corp.
- Case Construction Equipment
- Nagano Industry Co., Ltd.
- Kobelco Construction Machinery U.S.A Inc.
- KATO Works Co., Ltd.
- BEML Limited
- Çukurova Ziraat
- Guangxi LiuGong Machinery Co., Ltd.,
- Sany Group
- Terex Corporation
- XCMG Group
To expand the understanding of opportunities in the global compact excavator market report looks at close quarters into the opportunities and new avenues in following key segments:
In addition to understanding the demand patterns of various end users, the report on the compact excavator market also enumerates trends expected to attract investments by other various associated industries.
On the basis of product types, the compact excavator market report offers insight into major adoption trends for the following segments:
- Tail Swing
- Zero Tail Swing
The global compact excavator market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the compact excavator market report tries to answer exhaustively are:
- Key strategic moves by various players in the compact excavator market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the compact excavator market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?