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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

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Overview

The compact construction equipment market is projected to grow from USD 39.62 billion in 2025 to USD 56.21 billion by 2032 at a CAGR of 5.1%. The major drivers of the market are rapid urbanization, an increase in construction activities in the residential and commercial sectors, and a shortage of skilled labor in the construction industry. Additionally, the rising demand for construction equipment in confined spaces is further expected to drive the use of compact construction equipment in the residential sector. By region, North America is projected to lead the compact construction equipment market during the forecast period. Asia and Europe, on the other hand, are witnessing significant demand for compact construction equipment.

Compact Construction Equipment Market

Attractive Opportunities in the Compact Construction Equipment Market

NORTH AMERICA

The market growth in North America can be attributed to the increasing government and private investments in residential infrastructural development.

Advancements in hydrogen combustion engine propelled compact equipment will shape the compact construction equipment market

New product launches and strategic partnership with rental service providers would offer lucrative opportunities for market players in the upcoming years.

The growth of this market can be attributed to the global urban development progress and growing residential investments resulting by the increasing urbanization

Integration of telematics into compact equipment and rising demand for electric compact construction equipment would create opportunities for the overall market

Global Compact Construction Equipment Market Dynamics

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

Rapid urbanization, 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 UN 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. As a result, 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 various construction equipment types in India, China, and Japan. According to IBEF, the Government of India has allowed an FDI of up to 100% for townships and settlement development projects. In the 2024-25 budget, PM Awas Yojana Urban 2.0, with an investment of USD 120.16 billion, is expected to address the housing needs of one crore urban poor and middle-class families. The Japanese real estate market is also booming in this spectrum. In 2023, around USD 10.2 billion was invested in the Japanese real estate market, a 12.3% increase from the past year. Likewise, in 2023, China launched a pilot scheme to boost private investments in the real estate sector. All these factors point toward the expected future growth of the compact construction equipment market.

RESTRAINT: Stringent regulations and geopolitical issues.

Strict international trade rules and regulations significantly restrain the compact construction equipment market growth. As a result of these stringent regulations, many countries are being compelled to introduce rules and standards, making global trade difficult. For example, on December 18, 2024, the European Commission released the revised Construction Products Regulation, Regulation 3110/2024. The regulation aims to improve the construction industry’s sustainability, digitalization, and standardization. This regulation is expected to impact the construction equipment market in Europe. It will be enforced on January 7, 2025, with complete rules applied by January 8, 2026.

In addition to the above, geopolitical issues like trade disagreements between countries are also expected to discourage the growth of the compact construction market. These issues, added to the ongoing trade tensions between the US and China, significantly impact the construction equipment trade, creating challenges for manufacturers and buyers. For example, tariffs on Chinese imports, including those of heavy machinery and construction equipment, have made trading expensive for US companies. Such tensions lead to trade uncertainties and discourage investments in new projects. They also 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 growth of the construction equipment market players. As the industry increasingly demands sustainable practices, it is expected to draw many small and medium players to invest in hydrogen-propelled construction equipment. For example, JCB,  a major construction OEM, has significantly progressed in this market spectrum by introducing its hydrogen combustion engine in the JCB 3DX backhoe loader. Similarly, many other players are initiating collaborations and developments to cement their market position and gain an advantage over their competitors. As hydrogen is an upcoming technology, its market is projected to grow significantly in the years to come.

Many initiatives worldwide point toward the rising popularity of hydrogen as a reliable alternate fuel with significant growth prospects for manufacturers. For example, India’s National Hydrogen Mission, the US National Clean Hydrogen Strategy, the EU Hydrogen Strategy, the China Hydrogen Alliance, and Japan’s Hydrogen Basic Strategy are some initiatives undertaken worldwide, driving the growth of the hydrogen-propelled equipment market. This shift to hydrogen from battery-induced equipment helps meet global sustainability goals and solves practical problems in remote construction sites where electric charging stations are unavailable. As more manufacturers invest in hydrogen technology and introduce 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

Dealing with battery-related issues has recently challenged electric compact construction equipment manufacturers. Some of the issues faced by manufacturers include inadequate battery capacity and the need for frequent recharging. Limited battery capacity often restricts the operational time of electric compact machinery. Similarly, quick battery discharging, which requires frequent recharging of construction equipment, increases the downtime of machines and disrupts specified timelines, causing the need for enhanced battery capacity and power. According to industry experts, construction companies face issues such as long charging times and frequent discharging of electric equipment. A direct effect of these issues has been the rising popularity of diesel as a reliable fuel in compact construction equipment. Diesel-propelled construction equipment offers better working capabilities compared to electric-induced equipment. Additionally, since the space provided by electric equipment is limited, the use of large batteries in construction equipment is restricted, which is necessary to enhance energy storage and extend operations. As a result of these battery-related concerns, manufacturers face the challenge of balancing battery size with performance, leading to potential compromises in optimum functionality.

Global Compact Construction Equipment Market Ecosystem Analysis

The compact construction equipment market ecosystem includes component suppliers, assembly line suppliers, providers of distribution services, providers of rental service components, and end users. The ecosystem further 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.

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

 

The electric loaders segment is projected to lead the electric compact construction equipment market during the forecast period.

Electric loaders are gaining importance in the electric compact construction equipment market due to increasing environmental concerns and stringent emission regulations. The electric loaders covered in this market study include backhoe, skid steer, wheel loaders (< 80 HP), and compact track loaders. OEMs, such as XCMG (China), Doosan Bobcat (South Korea), Caterpillar (US), and Volvo Construction Equipment (Sweden), are some of the key players developing electric wheel loaders. These players have also been undertaking strategies to enhance their presence in this market segment and cement their position in this market spectrum. For example, in 2023, Doosan Bobcat unveiled the T7X & S7X electric compact track & skid steer loaders. The newly launched equipment eliminates the hydraulic systems, pollutants, and vibrations. Similarly, in 2023, AB Volvo launched the L25 Electric compact wheel loader with a loading capacity of 4,900–5,270 kg and a battery capacity of 40 kWh. As urbanization continues and end users from urban areas prefer silent electric compact construction equipment, the demand for electric-propelled equipment will increase in the coming years. Construction equipment manufacturers offering electric loaders include JCB (UK), AB Volvo (Sweden), Caterpillar (US), and XCMG (China).

The telehandlers segment is projected to achieve the highest growth during the forecast period.

The telehandlers segment is projected to experience the highest growth in the compact construction equipment market from 2025 to 2032. The segment’s growth is attributed to the investments by key OEMs in the telehandlers market.

Telehandlers have many applications, from construction to agriculture and industry. This has encouraged players to undertake strategies to expand their growth. For example, 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. Likewise, in February 2023, J C Bamford Excavators Ltd. acquired a 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 4.8-L hydrogen engine for telehandlers. Moreover, the demand for moving goods and other equipment from one place to another is expected to boost the demand for telehandlers.

North America is projected to lead the compact construction equipment market during the forecast period

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, about 1,483,000 building permits were approved in the US, and about 1,544,000 housing completions were completed in December 2024. During the same period, the residential sector grew by 2.6%. Likewise, in Canada, the construction market saw substantial growth. In June 2024, investments in building construction grew 2.8% to USD 21.4 billion, after a slight increase of 0.8% in May 2024. The year-on-year building construction investments rose by 10.0% in the same year, following a 7.0% increase in May 2024. Around the same period, the construction output in Mexico rose by 12.57%. These developments, coupled with the presence of key OEMs like Caterpillar (US) and Deere & Company (US), are expected to propel the demand for compact construction equipment in the coming years.

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 October 2024, JCB India launched the JCB NXT 215 LC Fuel Master Tracked Excavator.
  • 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 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.
  • In March 2024, New Holland Construction Equipment launched three models of compact wheel loaders: W60C, W70C, and W80C LR.
  • In December 2023, Kubota Corporation launched the KX038-4e electric mini excavator in the European market.

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 segment is projected to experience the highest growth in the compact construction equipment market during the forecast period?
The telehandlers segment is projected to achieve the highest growth in the compact construction equipment market during the forecast period.
How does the demand for Compact Construction Equipment vary by region?
North America is projected to account for the largest compact construction equipment market share during the forecast period, followed by Asia. The market growth in North America is mainly attributed to the rising urban infrastructure development.
What are the growth opportunities for the suppliers of compact construction equipment?
Government mandates and the emergence of various technologies, such as 5G and AI, would create growth opportunities for suppliers of compact construction equipment during the forecast period.
Which segment is projected to achieve the highest growth in the electric construction equipment market, by equipment type?
The electric loaders segment is projected to achieve the highest growth of 41.8% in the electric construction equipment market during the forecast period.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
32
RESEARCH METHODOLOGY
38
EXECUTIVE SUMMARY
49
PREMIUM INSIGHTS
53
MARKET OVERVIEW
59
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rapid urbanization in residential and commercial sectors
    - Rising cost and shortage of skilled labor
    RESTRAINTS
    - Stringent international trade policies and events
    OPPORTUNITIES
    - Advancements in hydrogen-propelled compact equipment
    - Enhancements in autonomous compact construction equipment
    - Rapid digitalization of services
    CHALLENGES
    - Battery-related issues in electric compact construction equipment
    - Supply chain issues for biodiesel and hydrogen fuels
  • 5.3 IMPACT OF AI/GENERATIVE AI
  • 5.4 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - H2-ICE for compact construction equipment
    - H2-fuel cells for compact construction equipment
    COMPLEMENTARY TECHNOLOGIES
    - Monitoring and diagnostic technologies
    ADJACENT TECHNOLOGIES
    - Grade control system
  • 5.5 CASE STUDIES
    MACHINMAX ADOPTED PREDICTIVE MAINTENANCE TO REDUCE CARBON EMISSIONS FROM MOBILE PLANTS
    DEVELOPMENT OF LOW-CARBON CONSTRUCTION MACHINERY TO CONTRIBUTE TO CIRCULAR ECONOMY
    KUBOTA OFFERED MINI EXCAVATORS THAT FACILITATE INFRASTRUCTURE IMPROVEMENTS WHILE PRESERVING HISTORIC LANDSCAPES
    KUBOTA OFFERED COMPACT TRACK LOADERS THAT ENHANCE STABILITY AND OPERATIONAL SIMPLICITY
  • 5.6 INVESTMENT & FUNDING SCENARIO
  • 5.7 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.8 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.9 ECOSYSTEM ANALYSIS
  • 5.10 SUPPLY CHAIN ANALYSIS
  • 5.11 PATENT ANALYSIS
  • 5.12 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.13 REGULATORY LANDSCAPE
    REGULATIONS, BY REGION
    - North America
    - European Union
    - Asia
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.14 KEY CONFERENCES & EVENTS, 2025
  • 5.15 KEY STAKEHOLDERS & BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 COMPACT CONSTRUCTION EQUIPMENT MARKET: OEM ANALYSIS
    BATTERY CAPACITIES OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT TYPES OFFERED BY OEMS
    BACKHOE LOADERS OFFERED BY OEMS, 2024
    COMPACT TRACK LOADERS OFFERED BY OEMS, 2024
    SKID STEER LOADERS OFFERED BY OEMS, 2024
  • 5.17 OEM STRATEGIES
GLOBAL SHIPMENT, BY OEM
102
  • 6.1 INTRODUCTION
  • 6.2 BACKHOE LOADERS (> 25 HP TO 90 HP): GLOBAL SHIPMENT
  • 6.3 TELEHANDLERS (UP TO 110 HP): GLOBAL SHIPMENT
  • 6.4 MINI EXCAVATORS (> 25 HP TO 100 HP): GLOBAL SHIPMENT
  • 6.5 SKID STEER LOADERS (> 25 HP TO 100 HP): GLOBAL SHIPMENT
  • 6.6 COMPACT TRACK LOADERS (UP TO 100 HP): GLOBAL SHIPMENT
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
105
  • 7.1 INTRODUCTION
  • 7.2 < 2 L
    NEED FOR LOW COST AND BETTER EFFICIENCY OF CONSTRUCTION EQUIPMENT TO DRIVE GROWTH
  • 7.3 2–3.5 L
    DEMAND FOR EQUIPMENT WITH INCREASED LOAD-CARRYING CAPACITY TO DRIVE MARKET
  • 7.4 ABOVE 3.5 L
    DEMAND FOR EQUIPMENT WITH HIGH POWER OUTPUT TO DRIVE MARKET
  • 7.5 INDUSTRY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
114
  • 8.1 INTRODUCTION
  • 8.2 BACKHOE LOADERS
    RAPID INCREASE IN RESIDENTIAL PROJECTS TO DRIVE DEMAND
  • 8.3 COMPACT TRACK LOADERS
    FOCUS ON INTEGRATING ADVANCED TECHNOLOGIES IN CONSTRUCTION EQUIPMENT TO DRIVE GROWTH
  • 8.4 MINI EXCAVATORS
    DEMAND FOR EQUIPMENT TO WORK IN NARROW SPACES TO DRIVE GROWTH
  • 8.5 SKID STEER LOADERS
    NEED FOR VERSATILITY OF OPERATIONS TO DRIVE DEMAND FOR SKID STEER LOADERS
  • 8.6 WHEELED EXCAVATORS
    RISING NEED FOR WHEELED EXCAVATORS IN EUROPE TO DRIVE GROWTH
  • 8.7 WHEELED LOADERS < 80 HP
    FOCUS ON ADOPTING LOW-COST LOADERS TO DRIVE GROWTH
  • 8.8 COMPACTORS
    INCREASE IN ROAD CONSTRUCTION PROJECTS TO DRIVE GROWTH
  • 8.9 TELEHANDLERS
    DEMAND FOR EQUIPMENT FOR LIFTING AND HANDLING HEAVY MACHINES TO DRIVE GROWTH
  • 8.10 INDUSTRY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION
133
  • 9.1 INTRODUCTION
  • 9.2 LOADING
    GROWING DEMAND FOR LOADERS TO DRIVE GROWTH
  • 9.3 EXCAVATION
    INCREASE IN RESIDENTIAL AND INFRASTRUCTURE ACTIVITIES TO DRIVE GROWTH
  • 9.4 LIFTING & HOISTING
    GROWTH IN ACTIVITIES PERTAINING TO MATERIAL HANDLING TO DRIVE MARKET
  • 9.5 COMPACTION
    GROWTH IN ROAD CONSTRUCTION ACTIVITIES TO DRIVE MARKET
  • 9.6 INDUSTRY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
143
  • 10.1 INTRODUCTION
  • 10.2 ≤ 30 HP
    LOW COST AND BETTER EFFICIENCY TO DRIVE GROWTH
  • 10.3 31–60 HP
    NEED FOR EQUIPMENT WITH BETTER LOAD-CARRYING CAPACITY TO DRIVE GROWTH
  • 10.4 61–100 HP
    DEMAND FOR EQUIPMENT WITH HIGH POWER OUTPUT TO DRIVE MARKET
  • 10.5 INDUSTRY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE
151
  • 11.1 INTRODUCTION
  • 11.2 DIESEL
    DEMAND FOR HIGH-POWER INFRASTRUCTURE TO DRIVE GROWTH
  • 11.3 CNG/LNG/RNG
    STRINGENT REGULATIONS AND NEED FOR EQUIPMENT WITH LOW EMISSIONS TO DRIVE GROWTH
  • 11.4 INDUSTRY INSIGHTS
ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
158
  • 12.1 INTRODUCTION
  • 12.2 ELECTRIC LOADERS
    GROWING DEMAND FOR ELECTRIC SKID STEER AND WHEELED LOADERS TO DRIVE GROWTH
  • 12.3 ELECTRIC EXCAVATORS
    INCREASE IN EXCAVATION ACTIVITIES TO DRIVE GROWTH
  • 12.4 ELECTRIC COMPACTORS
    SUSTAINABLE ROAD CONSTRUCTION INITIATIVES TO DRIVE GROWTH
  • 12.5 ELECTRIC TELEHANDLERS
    INCREASE IN HOISTING OPERATIONS TO DRIVE MARKET FOR ELECTRIC TELEHANDLERS
  • 12.6 HYDROGEN
    DEVELOPMENT OF HYDROGEN ENGINES TO DRIVE MARKET
  • 12.7 INDUSTRY INSIGHTS
ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
172
  • 13.1 INTRODUCTION
  • 13.2 LITHIUM IRON PHOSPHATE (LFP)
    NEED FOR HIGH ELECTROCHEMICAL STABILITY TO DRIVE GROWTH
  • 13.3 LITHIUM NICKEL MANGANESE COBALT (NMC)
    DEMAND FOR BATTERIES WITH HIGH ENERGY DENSITY TO DRIVE GROWTH
  • 13.4 OTHER BATTERY CHEMISTRIES
  • 13.5 INDUSTRY INSIGHTS
COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION
181
  • 14.1 INTRODUCTION
  • 14.2 ASIA
    MACROECONOMIC OUTLOOK
    CHINA
    - Heavy investments in infrastructural development to drive market
    INDIA
    - Government plans for smart cities and foreign investments in real estate to drive market
    JAPAN
    - Investments in residential construction activities to drive market
    INDONESIA
    - Rapid development of infrastructure to drive demand
    REST OF ASIA
  • 14.3 EUROPE
    MACROECONOMIC OUTLOOK
    GERMANY
    - Rapid increase in residential construction activities to drive market
    UK
    - Increase in residential construction projects to drive demand
    FRANCE
    - Rapid development of healthcare facilities and real estate to drive demand
    ITALY
    - Rising investments in maintenance and renovation projects to drive market
    SPAIN
    - Increased foreign investments in construction activities to drive market growth
    REST OF EUROPE
  • 14.4 NORTH AMERICA
    MACROECONOMIC OUTLOOK
    US
    - Growing number of residential and commercial construction projects to drive market
    CANADA
    - Increased investments in residential and non-residential construction activities to drive market
    MEXICO
    - Increased investments in private and public sectors to drive market
  • 14.5 MIDDLE EAST
    MACROECONOMIC OUTLOOK
    QATAR
    - Development in real estate sector to drive market growth
    SAUDI ARABIA
    - Introduction of Vision 2030 to drive market
    UAE
    - Rise in tourism activities to drive growth
    REST OF MIDDLE EAST
  • 14.6 REST OF THE WORLD
    MACROECONOMIC OUTLOOK
    RUSSIA
    - Russia-Ukraine conflict to threaten demand
    SOUTH AFRICA
    - Rapid pace of infrastructural development to propel growth
    BRAZIL
    - Booming hospitality sector to drive market
    OTHERS
  • 14.7 INDUSTRY INSIGHTS
COMPETITIVE LANDSCAPE
258
  • 15.1 OVERVIEW
  • 15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
  • 15.3 MARKET SHARE ANALYSIS, 2024
  • 15.4 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023
  • 15.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    - Overall company footprint
    - Region footprint
    - Equipment type footprint
    - Propulsion type footprint
    - Function footprint
  • 15.6 COMPANY VALUATION
  • 15.7 FINANCIAL METRICS
  • 15.8 BRAND/PRODUCT COMPARISON
  • 15.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSION
    OTHER DEVELOPMENTS
COMPANY PROFILES
282
  • 16.1 KEY PLAYERS
    DOOSAN BOBCAT
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CATERPILLAR
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CNH INDUSTRIAL N.V.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    KUBOTA CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    J C BAMFORD EXCAVATORS LTD.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    KOMATSU LTD.
    - Business overview
    - Products offered
    - Recent developments
    DEERE & COMPANY
    - Business overview
    - Products offered
    - Recent developments
    HITACHI CONSTRUCTION MACHINERY CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    AB VOLVO
    - Business overview
    - Products offered
    - Recent developments
    SANY GROUP
    - Business overview
    - Products offered
    - Recent developments
    XCMG GROUP
    - Business overview
    - Products offered
    - Recent developments
    ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
    - Business overview
    - Products offered
    KOBELCO CONSTRUCTION MACHINERY CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    YANMAR HOLDINGS CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
    - Business overview
    - Products offered
  • 16.2 OTHER PLAYERS
    WACKER NEUSON SE
    LIUGONG MACHINERY CO., LTD.
    ESCORTS KUBOTA LIMITED
    MANITOU GROUP
    LIEBHERR
    AMMANN GROUP
    SHANTUI CONSTRUCTION MACHINERY CO., LTD
    GEHL
    THE CHARLES MACHINE WORKS, INC.
    DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.
RECOMMENDATIONS BY MARKETSANDMARKETS
351
  • 17.1 MARKET FOR COMPACT CONSTRUCTION EQUIPMENT WITH ADVANCED TECHNOLOGY AND TELEMATIC SOLUTIONS TO GROW IN NORTH AMERICA
  • 17.2 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET TO GROW AT SIGNIFICANT RATE DURING FORECAST PERIOD
  • 17.3 CONCLUSION
APPENDIX
353
  • 18.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 18.2 DISCUSSION GUIDE
  • 18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 18.4 CUSTOMIZATION OPTIONS
    COMPACT CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY
    ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY
  • 18.5 RELATED REPORTS
  • 18.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2019–2023
  • TABLE 2 DIGITAL SERVICES OFFERED BY CONSTRUCTION EQUIPMENT OEMS
  • TABLE 3 AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE, 2022–2024 (USD THOUSAND PER UNIT)
  • TABLE 4 AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD THOUSAND PER UNIT)
  • TABLE 5 CONSTRUCTION EQUIPMENT MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 6 PATENTS PUBLISHED, 2022–2024
  • TABLE 7 US: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 8 FRANCE: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 9 CANADA: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 10 MEXICO: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 11 RUSSIA: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 12 UK: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 13 US: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 14 INDIA: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 15 TÜRKIYE: EXPORT DATA FORM HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 16 CHINA: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS, BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND)
  • TABLE 17 US: REGULATION LIMITS FOR U.S. TIER 5 NON-ROAD EMISSION STANDARDS
  • TABLE 18 EUROPEAN UNION: STAGE V VS. VI EMISSION STANDARDS
  • TABLE 19 CHINA: IV EMISSION STANDARDS
  • TABLE 20 INDIA: CEV IV EMISSION STANDARDS
  • TABLE 21 INDIA: CEV V EMISSION STANDARDS
  • TABLE 22 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 23 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 24 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 25 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 26 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 27 KEY CONFERENCES & EVENTS, 2025
  • TABLE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PROPULSION TYPE (%)
  • TABLE 29 KEY BUYING CRITERIA FOR PROPULSION TYPES
  • TABLE 30 STRATEGIES ADOPTED BY OEMS IN COMPACT CONSTRUCTION EQUIPMENT MARKET
  • TABLE 31 BACKHOE LOADERS (> 25 HP TO 90 HP): GLOBAL SHIPMENT, BY OEM, 2023
  • TABLE 32 TELEHANDLERS (UP TO 110 HP): GLOBAL SHIPMENT, BY OEM, 2023
  • TABLE 33 MINI EXCAVATORS (> 25 HP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023
  • TABLE 34 SKID STEER LOADERS (> 25 HP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023
  • TABLE 35 COMPACT TRACK LOADERS (UP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023
  • TABLE 36 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2021–2024 (UNITS)
  • TABLE 37 MARKET, BY ENGINE CAPACITY, 2025–2032 (UNITS)
  • TABLE 38 MARKET, BY ENGINE CAPACITY, 2021–2024 (USD MILLION)
  • TABLE 39 MARKET, BY ENGINE CAPACITY, 2025–2032 (USD MILLION)
  • TABLE 40 < 2 L: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 41 < 2 L: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 42 < 2 L: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 43 < 2 L: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 44 2–3.5 L: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 45 2–3.5 L: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 46 2–3.5 L: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 47 2–3.5 L: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 48 ABOVE 3.5 L: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 49 ABOVE 3.5 L: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 50 ABOVE 3.5 L: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 51 ABOVE 3.5 L: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 52 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 53 MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 54 MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 55 MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 56 BACKHOE LOADERS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 57 BACKHOE LOADERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 58 BACKHOE LOADERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 59 BACKHOE LOADERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 60 COMPACT TRACK LOADERS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 61 COMPACT TRACK LOADERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 62 COMPACT TRACK LOADERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 63 COMPACT TRACK LOADERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 64 MINI EXCAVATORS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 65 MINI EXCAVATORS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 66 MINI EXCAVATORS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 67 MINI EXCAVATORS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 68 SKID STEER LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 69 SKID STEER LOADERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 70 SKID STEER LOADERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 71 SKID STEER LOADERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 72 WHEELED EXCAVATORS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 73 WHEELED EXCAVATORS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 74 WHEELED EXCAVATORS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 75 WHEELED EXCAVATORS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 76 WHEELED LOADERS < 80 HP: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 77 WHEELED LOADERS < 80 HP: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 78 WHEELED LOADERS < 80 HP: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 79 WHEELED LOADERS < 80 HP: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 80 COMPACTORS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 81 COMPACTORS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 82 COMPACTORS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 83 COMPACTORS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 84 TELEHANDLERS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 85 TELEHANDLERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 86 TELEHANDLERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 87 TELEHANDLERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 88 MARKET, BY FUNCTION, 2021–2024 (UNITS)
  • TABLE 89 MARKET, BY FUNCTION, 2025–2032 (UNITS)
  • TABLE 90 MARKET, BY FUNCTION, 2021–2024 (USD MILLION)
  • TABLE 91 MARKET, BY FUNCTION, 2025–2032 (USD MILLION)
  • TABLE 92 LOADING: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 93 LOADING: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 94 LOADING: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 95 LOADING: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 96 EXCAVATION: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 97 EXCAVATION: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 98 EXCAVATION: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 99 EXCAVATION: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 100 LIFTING & HOISTING: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 101 LIFTING & HOISTING: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 102 LIFTING & HOISTING: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 103 LIFTING & HOISTING: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 104 COMPACTION: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 105 COMPACTION: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 106 COMPACTION: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 107 COMPACTION: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 108 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2021–2024 (UNITS)
  • TABLE 109 MARKET, BY POWER OUTPUT, 2025–2032 (UNITS)
  • TABLE 110 MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 111 MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 112 ≤ 30 HP: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 113 ≤ 30 HP: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 114 ≤ 30 HP: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 115 ≤ 30 HP: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 116 31–60 HP: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 117 31–60 HP: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 118 31–60 HP: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 119 31–60 HP: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 120 61–100 HP: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 121 61–100 HP: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 122 61–100 HP: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 123 61–100 HP: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 124 MARKET, BY PROPULSION TYPE, 2021–2024 (UNITS)
  • TABLE 125 MARKET, BY PROPULSION TYPE, 2025–2032 (UNITS)
  • TABLE 126 MARKET, BY PROPULSION TYPE, 2021–2024 (USD MILLION)
  • TABLE 127 MARKET, BY PROPULSION TYPE, 2025–2032 (USD MILLION)
  • TABLE 128 DIESEL: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 129 DIESEL: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 130 DIESEL: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 131 DIESEL: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 132 CONSTRUCTION EQUIPMENT OPERATING ON CNG/LNG/RNG, BY OEM
  • TABLE 133 CNG/LNG/RNG: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 134 CNG/LNG/RNG: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 135 CNG/LNG/RNG: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 136 CNG/LNG/RNG: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 137 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MODELS, BY KEY OEM
  • TABLE 138 HYDROGEN-PROPELLED COMPACT CONSTRUCTION EQUIPMENT MODELS UNDER DEVELOPMENT, BY KEY OEM
  • TABLE 139 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (UNITS)
  • TABLE 140 ELECTRIC & HYDROGEN MARKET, BY PROPULSION TYPE, 2025–2032 (UNITS)
  • TABLE 141 ELECTRIC & HYDROGEN MARKET, BY PROPULSION TYPE, 2021–2024 (USD MILLION)
  • TABLE 142 ELECTRIC & HYDROGEN MARKET, BY PROPULSION TYPE, 2025–2032 (USD MILLION)
  • TABLE 143 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 144 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 145 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 146 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 147 ELECTRIC LOADERS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 148 ELECTRIC LOADERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 149 ELECTRIC LOADERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 150 ELECTRIC LOADERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 151 ELECTRIC EXCAVATORS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 152 ELECTRIC EXCAVATORS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 153 ELECTRIC EXCAVATORS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 154 ELECTRIC EXCAVATORS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 155 ELECTRIC COMPACTORS: MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 156 ELECTRIC COMPACTORS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 157 ELECTRIC COMPACTORS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 158 ELECTRIC COMPACTORS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 159 ELECTRIC TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 160 ELECTRIC TELEHANDLERS: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 161 ELECTRIC TELEHANDLERS: MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 162 ELECTRIC TELEHANDLERS: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 163 HYDROGEN: MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 164 HYDROGEN: MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 165 COMPARISON BETWEEN LITHIUM IRON PHOSPHATE (LFP) AND NICKEL MANGANESE COBALT (NMC)
  • TABLE 166 ELECTRIC MARKET, BY BATTERY CHEMISTRY, 2021–2024 (UNITS)
  • TABLE 167 ELECTRIC MARKET, BY BATTERY CHEMISTRY, 2025–2032 (UNITS)
  • TABLE 168 ELECTRIC MARKET, BY BATTERY CHEMISTRY, 2021–2024 (USD MILLION)
  • TABLE 169 ELECTRIC MARKET, BY BATTERY CHEMISTRY, 2025–2032 (USD MILLION)
  • TABLE 170 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 171 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 172 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 173 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 174 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 175 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 176 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 177 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 178 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 179 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 180 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 181 OTHER BATTERIES: ELECTRIC MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 182 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)
  • TABLE 183 MARKET, BY REGION, 2025–2032 (UNITS)
  • TABLE 184 MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 185 MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 186 ASIA: MARKET, BY COUNTRY/REGION, 2021–2024 (UNITS)
  • TABLE 187 ASIA: MARKET, BY COUNTRY/REGION, 2025–2032 (UNITS)
  • TABLE 188 ASIA: MARKET, BY COUNTRY/REGION, 2021–2024 (USD MILLION)
  • TABLE 189 ASIA: MARKET, BY COUNTRY/REGION, 2025–2032 (USD MILLION)
  • TABLE 190 CHINA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 191 CHINA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 192 CHINA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 193 CHINA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 194 INDIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 195 INDIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 196 INDIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 197 INDIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 198 JAPAN: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 199 JAPAN: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 200 JAPAN: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 201 JAPAN: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 202 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 203 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 204 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 205 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 206 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 207 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 208 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 209 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 210 EUROPE: MARKET, BY COUNTRY/REGION, 2021–2024 (UNITS)
  • TABLE 211 EUROPE: MARKET, BY COUNTRY/REGION, 2025–2032 (UNITS)
  • TABLE 212 EUROPE: MARKET, BY COUNTRY/REGION, 2021–2024 (USD MILLION)
  • TABLE 213 EUROPE: MARKET, BY COUNTRY/REGION, 2025–2032 (USD MILLION)
  • TABLE 214 GERMANY: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 215 GERMANY: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 216 GERMANY: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 217 GERMANY: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 218 UK: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 219 UK: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 220 UK: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 221 UK: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 222 FRANCE: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 223 FRANCE: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 224 FRANCE: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 225 FRANCE: MARKET, BY EQUIPMENT TYPE, 2025–2032(USD MILLION)
  • TABLE 226 ITALY: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 227 ITALY: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 228 ITALY: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 229 ITALY: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 230 SPAIN: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 231 SPAIN: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 232 SPAIN: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 233 SPAIN: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 234 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 235 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 236 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 237 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 238 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (UNITS)
  • TABLE 239 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (UNITS)
  • TABLE 240 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 241 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • TABLE 242 US: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 243 US: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 244 US: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 245 US: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 246 CANADA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 247 CANADA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 248 CANADA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 249 CANADA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 250 MEXICO: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 251 MEXICO: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 252 MEXICO: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 253 MEXICO: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 254 MIDDLE EAST: MARKET, BY COUNTRY/REGION, 2021–2024 (UNITS)
  • TABLE 255 MIDDLE EAST: MARKET, BY COUNTRY/REGION, 2025–2032 (UNITS)
  • TABLE 256 MIDDLE EAST: MARKET, BY COUNTRY/REGION, 2021–2024 (USD MILLION)
  • TABLE 257 MIDDLE EAST: MARKET, BY COUNTRY/REGION, 2025–2032 (USD MILLION)
  • TABLE 258 QATAR: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 259 QATAR: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 260 QATAR: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 261 QATAR: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 262 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 263 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 264 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 265 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 266 UAE: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 267 UAE: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 268 UAE: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 269 UAE: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 270 REST OF MIDDLE EAST: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 271 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 272 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 273 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 274 REST OF THE WORLD: MARKET, BY COUNTRY/REGION, 2021–2024 (UNITS)
  • TABLE 275 REST OF THE WORLD: MARKET, BY COUNTRY/REGION, 2025–2032 (UNITS)
  • TABLE 276 REST OF THE WORLD: MARKET, BY COUNTRY/REGION, 2021–2024 (USD MILLION)
  • TABLE 277 REST OF THE WORLD: MARKET, BY COUNTRY/REGION, 2025–2032 (USD MILLION)
  • TABLE 278 RUSSIA: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 279 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 280 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 281 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 282 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 283 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 284 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 285 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 286 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2021–2024(UNITS)
  • TABLE 287 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 288 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 289 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 290 OTHERS: MARKET, BY EQUIPMENT TYPE, 2021–2024 (UNITS)
  • TABLE 291 OTHERS: MARKET, BY EQUIPMENT TYPE, 2025–2032 (UNITS)
  • TABLE 292 OTHERS: MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 293 OTHERS: MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 294 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
  • TABLE 295 COMPACT CONSTRUCTION EQUIPMENT MARKET: DEGREE OF COMPETITION, 2024
  • TABLE 296 REGION FOOTPRINT
  • TABLE 297 EQUIPMENT TYPE FOOTPRINT
  • TABLE 298 PROPULSION TYPE FOOTPRINT
  • TABLE 299 FUNCTION FOOTPRINT
  • TABLE 300 MARKET: PRODUCT LAUNCHES, JUNE 2021–JANUARY 2025
  • TABLE 301 MARKET: DEALS, JUNE 2021– JANUARY 2025
  • TABLE 302 MARKET: EXPANSION, JUNE 2021–JANUARY 2025
  • TABLE 303 COMPACT CONSTRUCTION EQUIPMENT MARKET: OTHER DEVELOPMENTS, JUNE 2021–JANUARY 2025
  • TABLE 304 DOOSAN BOBCAT: COMPANY OVERVIEW
  • TABLE 305 DOOSAN BOBCAT: PRODUCTS OFFERED
  • TABLE 306 DOOSAN BOBCAT: PRODUCT LAUNCHES
  • TABLE 307 DOOSAN BOBCAT:
  • TABLE 308 DOOSAN BOBCAT: EXPANSION
  • TABLE 309 CATERPILLAR: COMPANY OVERVIEW
  • TABLE 310 CATERPILLAR: PRODUCTS OFFERED
  • TABLE 311 CATERPILLAR: PRODUCT LAUNCHES
  • TABLE 312 CATERPILLAR: DEALS
  • TABLE 313 CATERPILLAR: EXPANSION
  • TABLE 314 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW
  • TABLE 315 CNH INDUSTRIAL N.V.: PRODUCTS OFFERED
  • TABLE 316 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES
  • TABLE 317 CNH INDUSTRIAL N.V.: DEALS
  • TABLE 318 CNH INDUSTRIAL N.V.: EXPANSION
  • TABLE 319 CNH INDUSTRIAL N.V.: OTHER DEVELOPMENTS
  • TABLE 320 KUBOTA CORPORATION: COMPANY OVERVIEW
  • TABLE 321 KUBOTA CORPORATION: PRODUCTS OFFERED
  • TABLE 322 KUBOTA CORPORATION: PRODUCT LAUNCHES
  • TABLE 323 KUBOTA CORPORATION: EXPANSION
  • TABLE 324 J C BAMFORD EXCAVATORS LTD.: COMPANY OVERVIEW
  • TABLE 325 J C BAMFORD EXCAVATORS LTD.: PRODUCTS OFFERED
  • TABLE 326 J C BAMFORD EXCAVATORS LTD.: PRODUCT LAUNCHES
  • TABLE 327 J C BAMFORD EXCAVATORS LTD.: DEALS
  • TABLE 328 J C BAMFORD EXCAVATORS LTD.: EXPANSION
  • TABLE 329 J C BAMFORD EXCAVATORS LTD.: OTHER DEVELOPMENTS
  • TABLE 330 KOMATSU LTD.: COMPANY OVERVIEW
  • TABLE 331 KOMATSU LTD.: PRODUCTS OFFERED
  • TABLE 332 KOMATSU LTD.: PRODUCT LAUNCHES
  • TABLE 333 KOMATSU LTD.: DEALS
  • TABLE 334 KOMATSU LTD.: EXPANSION
  • TABLE 335 DEERE & COMPANY: COMPANY OVERVIEW
  • TABLE 336 DEERE & COMPANY: PRODUCTS OFFERED
  • TABLE 337 DEERE & COMPANY: PRODUCT LAUNCHES
  • TABLE 338 DEERE & COMPANY: DEALS
  • TABLE 339 DEERE & COMPANY: EXPANSION
  • TABLE 340 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 341 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
  • TABLE 342 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES
  • TABLE 343 HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS
  • TABLE 344 HITACHI CONSTRUCTION MACHINERY CO., LTD.: EXPANSION
  • TABLE 345 AB VOLVO: COMPANY OVERVIEW
  • TABLE 346 AB VOLVO: PRODUCTS OFFERED
  • TABLE 347 AB VOLVO: PRODUCT LAUNCHES
  • TABLE 348 AB VOLVO: DEALS
  • TABLE 349 AB VOLVO: EXPANSION
  • TABLE 350 SANY GROUP: COMPANY OVERVIEW
  • TABLE 351 SANY GROUP: PRODUCTS OFFERED
  • TABLE 352 SANY GROUP: PRODUCT LAUNCHES
  • TABLE 353 SANY GROUP: DEALS
  • TABLE 354 SANY GROUP: EXPANSION
  • TABLE 355 XCMG GROUP: COMPANY OVERVIEW
  • TABLE 356 XCMG GROUP: PRODUCTS OFFERED
  • TABLE 357 XCMG GROUP: PRODUCT LAUNCHES
  • TABLE 358 XCMG GROUP: DEALS
  • TABLE 359 XCMG GROUP: EXPANSION
  • TABLE 360 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 361 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
  • TABLE 362 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 363 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
  • TABLE 364 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: DEALS
  • TABLE 365 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: EXPANSION
  • TABLE 366 KOBELCO CONSTRUCTION MACHINERY CO., LTD: OTHER DEVELOPMENTS
  • TABLE 367 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY OVERVIEW
  • TABLE 368 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCTS OFFERED
  • TABLE 369 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCT LAUNCHES
  • TABLE 370 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD: EXPANSION
  • TABLE 371 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW
  • TABLE 372 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED
  • TABLE 373 YANMAR HOLDINGS CO., LTD.: PRODUCT LAUNCHES
  • TABLE 374 YANMAR HOLDINGS CO., LTD.: DEALS
  • TABLE 375 YANMAR HOLDINGS CO., LTD.: EXPANSION
  • TABLE 376 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS
  • TABLE 377 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 378 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
  • TABLE 379 WACKER NEUSON SE: COMPANY OVERVIEW
  • TABLE 380 LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 381 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW
  • TABLE 382 MANITOU GROUP: COMPANY OVERVIEW
  • TABLE 383 LIEBHERR: COMPANY OVERVIEW
  • TABLE 384 AMMANN GROUP: COMPANY OVERVIEW
  • TABLE 385 SHANTUI CONSTRUCTION MACHINERY CO., LTD: COMPANY OVERVIEW
  • TABLE 386 GEHL: COMPANY OVERVIEW
  • TABLE 387 THE CHARLES MACHINE WORKS, INC.: COMPANY OVERVIEW
  • TABLE 388 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 RESEARCH DESIGN
  • FIGURE 2 RESEARCH METHODOLOGY MODEL
  • FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 5 BOTTOM-UP APPROACH: COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, COUNTRY, AND REGION
  • FIGURE 6 TOP-DOWN APPROACH: MARKET, BY FUNCTION, PROPULSION TYPE, POWER OUTPUT, AND ENGINE CAPACITY
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 FACTORS IMPACTING MARKET
  • FIGURE 9 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS
  • FIGURE 10 MARKET OVERVIEW
  • FIGURE 11 MARKET, BY REGION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 12 COMPACT CONSTRUCTION EQUIPMENT SALES, BY EQUIPMENT TYPE, 2021–2024 (%)
  • FIGURE 13 INCREASED INVESTMENTS IN RESIDENTIAL AND COMMERCIAL SECTORS TO DRIVE MARKET
  • FIGURE 14 MINI EXCAVATORS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 15 DIESEL SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE DURING FORECAST PERIOD
  • FIGURE 16 LOADING SEGMENT TO SURPASS OTHER SEGMENTS IN TERMS OF MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 2–3.5 L SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2025
  • FIGURE 18 61–100 HP TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
  • FIGURE 19 ELECTRIC LOADERS TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
  • FIGURE 20 ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 21 LITHIUM IRON PHOSPHATE (LFP) SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 22 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 23 COMPACT CONSTRUCTION EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 24 INVESTMENT & FUNDING SCENARIO, 2020–2024 (USD BILLION)
  • FIGURE 25 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 26 AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE, 2022–2024 (USD THOUSAND PER UNIT)
  • FIGURE 27 AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024 (USD THOUSAND PER UNIT)
  • FIGURE 28 CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM
  • FIGURE 29 OFF-HIGHWAY VEHICLE MARKET ECOSYSTEM
  • FIGURE 30 SUPPLY CHAIN ANALYSIS
  • FIGURE 31 PATENT ANALYSIS, 2013–2024
  • FIGURE 32 OFF-HIGHWAY MACHINERY REGULATIONS, BY COUNTRY, 2019–2030
  • FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PROPULSION TYPE
  • FIGURE 34 KEY BUYING CRITERIA FOR PROPULSION TYPES
  • FIGURE 35 BATTERY CAPACITIES OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT TYPES, BY OEM, 2024
  • FIGURE 36 BACKHOE LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024
  • FIGURE 37 COMPACT TRACK LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024
  • FIGURE 38 SKID STEER LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024
  • FIGURE 39 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025 VS. 2032 (USD MILLION)
  • FIGURE 40 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 41 MARKET, BY FUNCTION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 42 MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION)
  • FIGURE 43 MARKET, BY PROPULSION TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 44 ELECTRIC & HYDROGEN MARKET, BY PROPULSION TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 45 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 46 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2025 VS. 2032 (USD MILLION)
  • FIGURE 47 MARKET, BY REGION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 48 ASIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 49 ASIA: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD)
  • FIGURE 50 ASIA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 51 ASIA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024 (USD TRILLION)
  • FIGURE 52 ASIA: MARKET SNAPSHOT
  • FIGURE 53 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 54 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD)
  • FIGURE 55 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 56 EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024 (USD TRILLION)
  • FIGURE 57 EUROPE: MARKET, BY COUNTRY/REGION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 58 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2023–2026
  • FIGURE 59 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2023–2026 (USD)
  • FIGURE 60 NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2023–2026
  • FIGURE 61 NORTH AMERICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024 (USD TRILLION)
  • FIGURE 62 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 63 MIDDLE EAST: REAL GDP GROWTH RATE, 2024–2026
  • FIGURE 64 MIDDLE EAST: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD)
  • FIGURE 65 MIDDLE EAST: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 66 MIDDLE EAST: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024 (USD TRILLION)
  • FIGURE 67 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY/REGION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 68 REST OF THE WORLD: REAL GDP GROWTH RATE, 2024–2026
  • FIGURE 69 REST OF THE WORLD: GDP PER CAPITA, 2024–2026 (USD)
  • FIGURE 70 REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 71 REST OF THE WORLD: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP, 2024 (USD TRILLION)
  • FIGURE 72 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY/REGION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 73 MARKET SHARE OF KEY PLAYERS, 2024
  • FIGURE 74 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 (USD BILLION)
  • FIGURE 75 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
  • FIGURE 76 COMPANY FOOTPRINT
  • FIGURE 77 VALUATION OF PROMINENT PLAYERS, 2024 (USD BILLION)
  • FIGURE 78 EV/EBITDA OF PROMINENT PLAYERS
  • FIGURE 79 BRAND/PRODUCT COMPARISON
  • FIGURE 80 DOOSAN BOBCAT: COMPANY SNAPSHOT
  • FIGURE 81 CATERPILLAR: COMPANY SNAPSHOT
  • FIGURE 82 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT
  • FIGURE 83 KUBOTA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 84 KOMATSU LTD.: COMPANY SNAPSHOT
  • FIGURE 85 DEERE & COMPANY: COMPANY SNAPSHOT
  • FIGURE 86 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 87 AB VOLVO: COMPANY SNAPSHOT
  • FIGURE 88 SANY GROUP: COMPANY SNAPSHOT
  • FIGURE 89 XCMG GROUP: COMPANY SNAPSHOT
  • FIGURE 90 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 91 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 92 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT

 

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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Growth opportunities and latent adjacency in Compact Construction Equipment Market

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