Mini Exacavators Market
The Mini Excavators Global Market Report 2023, provides comprehensive information on the mini excavators market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Mini Excavators Market’s Growth:
https://www.thebusinessresearchcompany.com/report/mini-excavators-global-market-report
As per The Business Research Company’s Mini Excavators Global Market Report 2023, the global mini excavator market size is expected to grow from $7.42 billion in 2022 to $7.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mini excavator market size is expected to reach $9.68 billion in 2027 at a CAGR of 5.3%.
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Technological advancements are a key trend gaining popularity in the mini excavator equipment market. Major companies operating in the mini excavator market are adopting new technologies to sustain their position in the market. For instance, in January 2022, Komatsu, a Japan-based construction and mining equipment manufacturing company, launched integrated machine control (iMC) 2.0 for mini excavators. This provides smart controls for mini excavator models PC290LCi-11, PC360LCi-11, and PC390LCi. The main features of iMC 2.0 technology is auto grade assist, which automatically adjusts the digging depth and bucket angle; auto stop control, which automatically stops the machine; facing angle compass, which uses a compass to help operators maintain a consistent facing a
The mini excavators market is segmented:
1) By Type: Wheeled, Track
2) By Operating Weight: Less Than 4 Tons, 4 Tons To 10 Tons
3) By End User Industry: Agriculture, Construction, Forestry
Asia-Pacific was the largest region in the mini excavators market in 2022.
The table of contents in TBRC’s mini excavators market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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