Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The mini excavator are used to mechanize the work in the sites. The mini excavators are similar to an excavators, with the added benefits to work in small spaces. Mini Excavators has major role in construction sites as they are typically used for the small to medium projects, but can also work on the larger site with more precision or accessibility .The major task performed by the excavator are demolishing small structures, landscaping work, digging holes, making small trenches and others. The rise in the demand or the mini excavators is due to increasing projects in various sector of commercial and non-commercial. Besides rise in urbanization are expected to boost the market growth.
Increasing development and the demand for the residential and non- residential constructional project is driving the market growth. Rise in demand for mini excavators is due to increasing construction of buildings. Besides manufacturer are heavily investing in the R&D to upgrade the feature in the mini excavator. Furthermore use of mini excavators in different sectors with new technologies products is fueling the market growth. For instance in January, 2019 Bobcat launches the new E27 R Series Mini Excavator. The new E27 R-Series offers the high digging forces, stability and smooth controllability working functions, complemented by low weights for easy transportation.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the Mining equipment market. In addition, complete analysis of changes on the Mining equipment market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to COVID-19 the mini excavators market had a negative impact due low sale and disruption in manufacturing process wing to storage of raw materials and unavailability of man power.
The Mini Excavators market is segmented based on by capacity, end user and geography.
The Mini Excavators are available in the market according to capacity of more than 4 tons and less than 4 tons. The mini excavators with more than 4 tons capacity are the most versatile and standard equipment for the task. These excavators are highly productive, compact, and innovative providing exclusive safety features and smooth to operate features.
The Mini Excavators have major end user in different industrial sector like landscaping & construction, forestry & agriculture, mining. In landscaping this mini excavators are used to lay rocks, pavers, logs and other heavy materials for retaining walls. The courtesy of many tools and equipment that can be attached to them, which allow it perform more effectively. These attachments include couplers, buckets, thumbs and grapples.
Geographically the Mini Excavators market is studied for the following region North America, Europe, Asia-Pacific and Rest of the World. North America followed by Europe are anticipated to witness the market growth for the Mini Excavators due to rise in disposable income, which accelerate the infrastructural growth in the region. Moreover, rise in urbanization is another factor the growth as there is an increasing demand for the various sector projects. The demand for cost effective, productive mini excavators will increase the market of mini excavators. Moreover, remote controlled mini excavators and sensor based mini excavators is expected to provide opportunity for the major player of mini excavators.
The major key players in Mini Excavators Market are Ab Volvo Group, Caterpillar Inc, Cukurova Ziraat, Deere & Company, Hitachi Ltd, Hyundai Construction Equipment Co Ltd, J C Bamford Excavators Ltd, Kobe Steel Ltd, Komatsu Ltd, Takeuchi Mfg. Co Ltd. , Bobcat Company , Gaungxi Liugong Machinery, Bharat Earth Movers , Zoomlion Heavy Industry Science And Technology, Xcmg and Terex among others.
March, 2020: Komatsu ltd. launched sales of the Pc30e-5 Electric Mini Excavator in Japan. This electric model accumulated technological expertise of hybrid construction equipment and electric forklift trucks offering excavation performance on par with internal combustion model with same power output.
The report analyses the global Mini Excavators market based on by capacity, end user and geography. The Mini Excavators are available in the market according to capacity of more than 4 tons and less than 4 tons. The Mini Excavators have major end user in different industrial sector like landscaping & construction, forestry & agriculture, mining. Geographically the Mini Excavators market is studied for the following region North America, Europe, Asia-Pacific and Rest of the World.
The major key players in Mini Excavators Market are Ab Volvo Group, Caterpillar Inc, Cukurova Ziraat, Deere & Company, Hitachi Ltd, Hyundai Construction Equipment Co Ltd, J C Bamford Excavators Ltd, Kobe Steel Ltd, Komatsu Ltd, Takeuchi Mfg. Co Ltd. , Bobcat Company , Gaungxi Liugong Machinery, Bharat Earth Movers , Zoomlion Heavy Industry Science And Technology, Xcmg and Terex among others.
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