Compact Construction Equipment Market worth $56.05 billion by 2032 | MarketsandMarkets

DELRAY BEACH, Fla., March 6, 2025 /PRNewswire/ -- The Compact 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%, according to a new report by MarketsandMarkets. The compact construction equipment industry is expanding in North America due to increased regional residential and infrastructure spending, population expansion, and rising disposable income. Technological advancements in compact construction equipment, such as automation and telematics integration, will increase productivity, increasing the demand for new and advanced compact construction equipment.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89115103

Browse in-depth TOC on "Compact Construction Equipment Market"

255 - Tables
145 - Figures
370 - Pages

"Mini Excavators will account for the largest share of compact construction equipment in 2025."

Mini excavators are estimated to have the largest market share in the global compact construction equipment market in terms of value. Asia has a strong demand for mini excavators due the equipment's ability to operate in diverse terrains and handle heavy loads, making them ideal for excavation, grading, and demolition tasks. Almost all construction equipment manufacturers offer mini excavators, and all manufacturers offer a variety of models in the product portfolios for this equipment. Kubota Corporation (Japan), Kobelco (Japan), and Caterpillar (US) lead the global market for Mini Excavators. Mini excavators offered by these companies fall in HP ranges from 20 HP to 70 HP. This lower power output equipment's have major applications in residential sector. Mini excavators falling under this category have benefits such as low operating costs, better fuel efficiency, improved manoeuvrability and they are easy to control. Mini Excavators are also leading the shift to electrification. The majority of the OEMs developing electric-propelled equipment offer electric excavators. Industry experts say <60 HP mini excavators are preferred for residential applications worldwide. Hence, the growing investments in the residential sector will drive the demand for mini excavators during the forecast period.

"61-100 HP power output compact construction equipment to register the fastest growth during the forecast period."

61-100 HP power output equipment is estimated to experience the fastest growth rate in the compact construction equipment market by power output. Skid Steers, backhoe loaders, and compact track loaders will dominate the market in this segment. This power output range is preferred in construction equipment because it can meet high torque and power demands. The demand for this range of equipment is particularly strong in Asian countries, driven by large-scale infrastructural development projects like roads, commercial complexes, and smart city projects. The major players in this category include JCB (UK), CNH Industrial (UK), Caterpillar (US), and Deere & Company (US). Recent developments in this segment include Kubota Corporation launching the SVL97-4 Compact Track loader in January 2025 and Deere & Company launching the 335 P-tier compact track loader in June 2024.

North America is estimated to be the largest compact construction equipment market.

North America is expected to be the largest market for compact construction equipment in the coming years. The rise in residential construction spending drives the growth of the compact construction equipment market in the region. The US is the major market in North America for compact construction equipment. As the population grows, there is a higher demand for new housing, boosting the need for construction equipment. In December 2024, the US approved 1.48 million building permits and completed 1.54 million housing units, with residential construction increasing by 2.6% from December 2023. The return of the Trump administration in the United States can have several significant impacts on the construction equipment market in the region. One of the key promises of Trump's previous administration was a major push for infrastructure development, including roads construction, reconstruction of bridges and airports. The previous trump government also focused on imposing lower taxes on businesses and a more pro-business environment, which could lead to increased investments in both public and private infrastructure, creating demand for construction equipment. The negative factors from the new government maybe, Trump's previous administration imposed tariffs on a variety of products, including steel and aluminum, a similar return to these types of trade policies is expected, which will increase the costs of raw materials used in construction equipment manufacturing, such as steel and copper.

The Canadian construction equipment market is also expected to grow during the forecast period. In Canada, building construction investment grew by 2.8% to USD 21.4 billion in June 2024, and year-on-year investments rose by 10%. Mexico's construction output also grew by 12.57% in June 2023 compared to the previous year. Hence, with the growing investments in the residential sector and the presence of major manufacturers like Caterpillar and Deere & Company in the region, the demand for compact construction equipment is estimated to be the highest.

Key Market Compact Construction Equipment Industry:

Prominent players in the Compact Construction Equipment Companies include as Caterpillar (US), J C Bamford Excavators (UK), Komatsu (Japan), Kubota Corporation (Japan), and CNH Industrial (UK).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=89115103

This report provides insights on:

• Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new products & services of the compact construction equipment market.
• Market Development: Comprehensive information about the lucrative market – the report analyzes the compact construction equipment market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the compact construction equipment market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Doosan Bobcat (US), JCB (UK), Caterpillar (US), Komatsu Ltd. (Japan), and Kubota Corporation (Japan), among others in the compact construction equipment market.

Related Reports:

Electric Construction Equipment Market

Construction Equipment Market

Autonomous Construction Equipment Market

Get access to the latest updates on Compact Construction Equipment Companies and Compact Construction Equipment Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg