Compact Construction Equipment Market Size, Share Valuation 2021 Industry News Update Research Report Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Compact Construction Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Compact Construction Equipment Market products.

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Growing need for automation of industries, backed by the increasing trends of industrial internet of things (IIoT) and Industry 4.0, coupled with the need for minimum human contact of processes owing to the recent global pandemic, COVID-19, are some of the factors raising the need for the increasing deployment of automated robots, that help to increase efficiency in work processes.

Compact Construction Equipment Market was valued at USD 4.31 Billion in the year 2017. Global Compact Construction Equipment Market is further estimated to grow at a CAGR of 5.1% from 2019 to reach USD 6.40 Billion by the year 2025. North America region holds the highest Market share in 2017 and Europe Market is considered as the fastest growing Market in the forecasted period due to growing demand for recycling products and technological advancements. At a country level, the U.S. & Canada is projected to grow strongly in the coming years.

Major market players in Construction Equipment Market are AB Volvo, Hyundai Heavy Industries Co. LTD., Caterpillar Inc., Deere & Company, Komatsu Ltd., J C Bamford Excavators Ltd., Manitou BF, S.A. (Mustang), Sany Group, XCMG Group, King Machinery, and brief overview of 11 companies is also provided in the report. Better global reach at an operational level is the main reason the key players are holding substantial Market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Construction Equipment Market:
Light weight and easy to transport and operate
Benefits associated with using compact equipment’s
Lack of skilled operators
Stringent regulations & fluctuating fuel prices
Highly growing Investment in infrastructure projects globally
Innovation in technology
Low entry barriers
Lack of structure

The segmentation is done on the basis of equipment Type, by end-user Market, by application, and by region. On the basis of equipment type, the global Compact Construction Equipment Market is sub segmented as backhoe loaders, excavators, skid steer loaders, track loaders, telehandlers and others of which the backhoe loaders segment is expected to hold the highest CAGR during the forecast period.

Construction Equipment Market Segmentation:
By End-User Market
*Metals & Mining

By Application
*Material Handling
*Lifting & Hosting

By Equipment
*Backhoe Loaders
*Skid Steer Loaders
*Track Loaders

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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