Home > Construction > Construction Equipment > Road Construction > Compact Construction Equipment Market

Compact Construction Equipment Market Share

Report ID: GMI8249
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Compact Construction Equipment Market Share

Caterpillar, CNH and XCMG Group holds almost 15% share of the compact construction equipment industry, Caterpillar's equipment portfolio includes mini excavators, compact wheel loaders, and skid steer loaders, designed to deliver exceptional performance, durability, and efficiency on job sites worldwide. This focus on customer-centric solutions and global presence has cemented Caterpillar's position as a market leader.

CNH Industrial, through its Case and New Holland brands, offers innovative, reliable machinery tailored to specific market needs. XCMG Group, a major player from China, has rapidly expanded its global footprint, known for cost-effective and efficient construction solutions. Each company's success is attributed to its commitment to innovation, quality, and understanding market demands.

Compact Construction Equipment Market Companies

Major players operating in the compact construction equipment industry are:

Caterpillar
CNH Industrial
Deere & Company
Kubota Corporation
SANY
Sumitomo
Terex
Wacker Neuson SE
XCMG
Yanmar

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of compact construction equipment was reached USD 59 billion in 2023 and is estimated to register over 4% CAGR between 2024 and 2032, owing to increasing investments in expanding manufacturing facilities.

In 2023, the skid steer loaders segment is growing at high rate and is expected to record higher demand through 2032 as the higher breakout force enables these machines to tackle more challenging tasks, such as excavation & material handling, with greater efficiency and effectiveness.

Asia Pacific region dominated 45% share of the compact construction equipment industry in 2023 and will grow significantly through 2032, owing to the rapid urbanization in the region, particularly in China, India, and other Southeast Asian countries.

Caterpillar, CNH Industrial, Deere & Company, Kubota Corporation, SANY, Sumitomo, Terex, Wacker Neuson SE, XCMG, and Yanmar.