APAC dominated the market in 2014; this growth is likely to continue during the forecast period as result of government initiatives toward the development of urban infrastructure in countries such as China, India, and Japan. Further, resurge in the construction industry in Europe after a steep decline during 2010-2013, owning to global economic crisis, has also contributed to market growth.
Technavio's analysts forecast the global mini excavator rental market to grow at a CAGR of 11.46 % over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global mini excavator market for the period 2015-2019. The market size has been calculated based on the total revenue generated from the consumption of mini excavators. It does not consider the sales of used equipment and the revenue generated from contracts and maintenance.
The report also presents the detailed analysis of the geographical segmentation based on the consumption of mini excavator. In addition, it presents the detailed analysis of the key vendors in the market. The report also discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Key regions
- Americas
- APAC
- EMEA
Key vendors
- Compact Power Equipment Rental
Other prominent vendors
- Bharat Earth Movers
- Çukurova Ziraat
- Doosan Heavy Industries & Construction
- Guangxi LiuGong Machinery
- Sany Group
- Terex
- XCMG
- Zoomlion Heavy Industry Science and Technology
Market driver
- Increased investment in infrastructure development
- For a full, detailed list, view our report
Market challenge
- Lack of technical expertise
- For a full, detailed list, view our report
Market trend
- Equipment leasing
- For a full, detailed list, view our report.
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
