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% 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 global 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.
Download
sample by clicking on compact
construction equipment market.
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 helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
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: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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