According to a market report by Lucintel, the future of the global compact construction equipment market looks promising with opportunities in the construction, mining, and agriculture markets. The global compact construction equipment market is expected to grow with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are increasing demand for automation technology and significantly growing construction industry.
A more than 150-page report to understand trends, opportunity and forecast in compact construction equipment market to 2030 by type (mini excavators, compact wheel loaders, compact track loaders, compact track loaders, and others), application (construction, mining, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that skid steer loader will remain the largest segment over the forecast period as it is employed for a variety of jobs, including digging, grading, application handling, and trenching.
Within this market, construction will remain the largest segment due to upward trend in urbanization, ongoing infrastructure development, and the surge in residential construction undertakings.
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North America will remain the largest egion over the forecast period due to ongoing construction initiatives, increasing urbanization trends, and a flourishing rental equipment sector in the region.
King Machinery, Komatsu, Ab Volvo, Sany, XCMG are the major suppliers in the compact construction equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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