Circumvent the Tariff challenges with an agile supply chain Consulting
Supply Chain Ecosystem Analysis now part of DBMR Reports
Global Compact Construction Equipment Market
Market Size in USD Billion
CAGR :
%
USD
45.20 Billion
USD
67.80 Billion
2024
2032
Forecast Period
2025 –2032
Market Size(Base Year)
USD
45.20 Billion
Market Size (Forecast Year)
USD
67.80 Billion
CAGR
5.20
%
Major Markets Players
Doosan Bobcat (South Korea)
Hitachi Construction Machinery Co. Ltd. (Japan)
XCMG Group (China)
Caterpillar (U.S.)
AB Volvo (Sweden)
Global Compact Construction Equipment Market Segmentation, By Type (Excavator, Loader, Skid Steer, Track Loader, Compactor, and Telehandler), Propulsion(Diesel, CNG, LNG, and RNG), Power Output(<=30 HP, 31-60 HP, and 61-100 HP), Engine Capacity(<2 L, 2-3.5 L, and above 3.5 L), Function(Loading, Excavation, Lifting and Hoisting, and compaction), Electric Construction Equipment(Electric loaders, Electric Excavators, Electric Compactors, Electric telehandlers, and hydrogen), Battery Chemistry(Lithium Iron Phosphate(LFP), Lithium Nickel manganese cobalt(NMC), and other) - Industry Trends and Forecast to 2032
The global compact construction equipment market size was valued at USD 45.2 billion in 2024 and is expected to reach USD 67.80 billion by 2032,at a CAGR of 5.2% during the forecast period
This growth is driven by factors such as the increasing demand for versatile, space-saving equipment in construction projects, particularly in urban areas with limited space
Compact Construction Equipment Market Analysis
Compact construction equipment refers to small, versatile machinery such as mini excavators, skid-steer loaders, compact track loaders, backhoe loaders, and compact wheel loaders. These machines are widely used across construction, agriculture, landscaping, and utility sectors for tasks that require agility and operation in confined spaces.
The market for compact construction equipment is experiencing strong growth due to rapid urbanization, rising infrastructure development projects, and increasing adoption by small and medium-sized contractors.
North America is expected to dominate the compact construction equipment market due to robust infrastructure development and residential construction activities
Asia-Pacific is expected to be the fastest growing region in the compact construction equipment market during the forecast period due to urbanization and infrastructure development
Excavator’s segment is expected to dominate the market with a market share of 66.41% due to its versatility in urban construction, trenching, and landscaping; compact size suitable for confined spaces
Report Scope and Compact Construction Equipment Market Segmentation
Attributes
Compact Construction Equipment Key Market Insights
Segments Covered
By Type: Excavator, Loader, Skid Steer, Track Loader, Compactor, and Telehandler
By Propulsion: Diesel, CNG, LNG, and RNG
By Power Output: <=30 HP, 31-60 HP, and 61-100 HP
By Engine Capacity: <2 L, 2-3.5 L, and above 3.5 L
By Function: Loading, Excavation, Lifting and Hoisting, and compaction
By Electric ConstructionEquipment: Electric loaders, Electric Excavators, Electric Compactors, Electric telehandlers, and hydrogen
By Battery Chemistry: Lithium Iron Phosphate (LFP), Lithium Nickel manganese cobalt (NMC), and other
Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
Komatsu (Japan)
CNH Industrial N.V. (U.K.)
Kobelco Construction Machinery Co., Ltd. (Japan)
Deere & Company (U.S.)
Sany Group (China)
HD Hyundai Construction Equipment Co., Ltd. (South Korea)
Kubota Corporation (Japan)
JC Bamford Excavators Ltd. (U.K.)
Market Opportunities
Rental Market Expansion
Multi-Functionality and Operator Comfort
Electrification and Sustainability
Value Added Data Infosets
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Compact Construction Equipment Market Trends
“Electrification and Automation”
The compact construction equipment market is experiencing a significant shift towards electrification and automation
Manufacturers are introducing electric and hybrid models to meet stringent emission regulations and reduce operational costs
For instance, CASE Construction Equipment launched the CX15EV and CX25EV mini excavators, offering zero emissions and reduced noise levels
Automation features such as GPS navigation and remote diagnostics are enhancing productivity and safety on construction sites
These advancements align with the industry's move towards sustainable and efficient construction practices
Compact Construction Equipment Market Dynamics
Driver
“Urbanization and Infrastructure Development”
Rapid urbanization is driving the demand for compact construction equipment
As cities expand, there's an increased need for infrastructure development, including roads, bridges, and residential complexes
Compact equipment's ability to operate in confined urban spaces makes it ideal for such projects
Governments worldwide are investing heavily in infrastructure, further fueling the demand for these machines
Opportunity
“Rental Market Expansion”
The high initial cost of compact construction equipment is leading to a surge in rental services
Renting allows contractors to access advanced machinery without significant capital investment
Rental companies often provide maintenance and repair services, reducing operational burdens for contractors
This trend is particularly pronounced in regions with fragmented construction markets, where contractors prefer flexible equipment usage options
Restraint/Challenge
“High Initial Investment”
Despite their long-term cost savings, compact construction equipment requires a significant upfront investment
This can be a barrier for small and medium-sized construction firms with limited capital
Additionally, the need for specialized training to operate these machines can lead to increased labor costs
In some developing regions, the lack of awareness about the benefits of compact equipment and the preference for conventional methods can slow down market penetration and growth
Compact Construction Equipment Market Scope
The market is segmented on the basis of type, propulsion, power output, engine capacity, function, electric construction, and battery chemistry.
Segmentation
Sub-Segmentation
By Type
Excavator
Loader
Skid Steer
Track Loader
Compactor
Telehandler
By Propulsion
Diesel
CNG
LNG
RNG
By Power Output
<=30 HP
31-60 HP
61-100 HP
By Engine Capacity
<2 L
2-3.5 L
above 3.5 L
By Function
Loading
Excavation
Lifting and Hoisting
compaction
By Electric ConstructionEquipment
Electric loaders
Electric Excavators
Electric Compactors
Electric telehandlers
Hydrogen
By Battery Chemistry
Lithium Iron Phosphate (LFP)
Lithium Nickel manganese cobalt (NMC)
Other
In 2025, the excavator is projected to dominate the market with a largest share in type segment
The excavator segment is expected to dominate the Compact Construction Equipment market with the largest share of 66.41% in 2025due to its Versatility in urban construction, trenching, and landscaping; compact size suitable for confined spaces.
The diesel is expected to account for the largest share during the forecast period in propulsion market
In 2025, the hybrid microscopes segment is expected to dominate the market with the largest market share of 60.5%. This dominance is attributed to diesel engines’ high torque output, fuel efficiency for heavy-duty operations, and widespread availability across construction sites. Despite increasing regulatory pressure for cleaner energy sources, diesel remains the preferred choice for most equipment types due to its proven performance in demanding applications.
Compact Construction Equipment Market Regional Analysis
“North America Holds the Largest Share in the Compact Construction Equipment Market”
North America holds a significant share of the compact construction equipment market, primarily driven by robust infrastructure development and residential construction activities.
For Instance, In the U.S., the approval of 1.48 million building permits and the completion of 1.54 million housing units in December 2024 indicate a strong demand for compact construction equipment
The Canadian construction equipment market is also experiencing growth, with building construction investment
The presence of major manufacturers such as Caterpillar and Deere & Company in the region further supports the demand for compact construction equipment
Government initiatives and investments in infrastructure, such as the Canada Infrastructure Bank's plan to contribute to the market's expansion
“Asia-Pacific is Projected to Register the Highest CAGR in the Compact Construction Equipment Market”
The Asia-Pacific region is witnessing rapid growth in the compact construction equipment market, driven by urbanization and infrastructure development in countries such as China, India, and Indonesia
China's extensive infrastructure projects, such as the Zhoushan High-End New Material Plant and the Beijing Daxing International Airport Expansion, are significant contributors to the demand for compact construction equipment
For Instance, India's initiatives, including the Mumbai-Ahmedabad High-Speed Rail Project and the Delhi-Mumbai Industrial Corridor, further boost the market's growth in the region
The increasing adoption of electric and hybrid compact construction equipment aligns with the region's focus on sustainability and environmental considerations
Key original equipment manufacturers (OEMs) such as Komatsu Ltd., Sany Group, Hitachi Construction Machinery Ltd., and Hyundai Construction Equipment Ltd. are enhancing their presence in the Asia-Pacific market, driving technological advancements and market expansion
Compact Construction Equipment Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
The Major Market Leaders Operating in the Market Are:
Zoomlion Heavy Industry Science & Technology Co., Ltd. (China)
Komatsu (Japan)
CNH Industrial N.V. (U.K.)
Kobelco Construction Machinery Co., Ltd. (Japan)
Deere & Company (U.S.)
Sany Group (China)
HD Hyundai Construction Equipment Co., Ltd. (South Korea)
Kubota Corporation (Japan)
JC Bamford Excavators Ltd. (U.K.)
Latest Developments in Global Compact Construction Equipment Market
In January 2025, Kubota Corporation launched three new models of compact construction equipment, including two mini excavators and one compact track loader
In July 2024, Deere & Company launched a 326 P-Tier Telescopic Compact Wheel Loader. The equipment provides enhanced operator confidence and effortless operation efficiency
In March 2024, New Holland Construction Equipment launched three models of compact wheel loaders: W60C, W70C, and W80C LR
In December 2023, Kubota Corporation launched the KX038-4e electric mini excavator in the European market.
In October 2024, JCB India launched the JCB NXT 215 LC Fuel Master Tracked Excavator.
In June 2024, Deere & Company launched five new P-Tier Skid Steer Loader (SSL) and Compact Track Loader (CTL) models, including 330 and 334 P-Tier Skid Steer Loaders
SKU-74014
Get online access to the report on the World's First Market Intelligence Cloud
Interactive Data Analysis Dashboard
Company Analysis Dashboard for high growth potential opportunities
Research Analyst Access for customization & queries
Competitor Analysis with Interactive dashboard
Latest News, Updates & Trend analysis
Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
Claudio Rondena
Group Business Development & Strategic Marketing Director, C.O.C Farmaceutici SRL
"This morning we were involved in the first part, the data presentation of MKT analysis, selected abstract from your work. The board team was really impressed and very appreciated, as well."
David Manning - Thermo Fisher Scientific
Director, Global Strategic Accounts,
Dear Ricky, I want to thank you for the excellent market analysis (LIMS INSTALLED BASE DATA) that you and your team delivered, especially end of year on short notice.
Sachin and Shraddha captured the requirements, determined their path forward and executed quickly.
You, Sachin and Shraddha have been a pleasure to work with – very responsive, professional and thorough.
Your work is much appreciated.
Manager - Market Analytics,
Uriah D. Avila - Zeus Polymer Solutions
Thank you for all the assistance and the level of detail in the market report. We are very pleased with the results and the customization. We would like to continue to do business.
Business Development Manager,
(Pharmaceuticals Partner for Nasal Sprays) | Renaissance Lakewood LLC
DBMR was attentive and engaged while discussing the Global Nasal Spray Market. They understood what we were looking for and was able to provide some examples from the report as requested. DBMR Service team has been responsive as needed. Depending on what my colleagues were looking for, I will recommend your services and would be happy to stay connected in case we can utilize your research in the future.
Business Intelligence and Analytics,
Ipsen Biopharm Limited
We are impressed by the CENTRAL PRECOCIOUS PUBERTY (CPP) TREATMENT report - so a BIG thanks to you colleagues.
Competition Analyst,
Basler Web
I just wanted to share a quick note and let you know that you guys did a really good job. I’m glad I decided to work with you. I shall continue being associated with your company as long as we have market intelligence needs.
Marketing Director,
Buhler Group
It was indeed a good experience, would definitely recommend and come back for future prospects.
COO,
A global leader providing Drug Delivery Services
DBMR did an outstanding job on the Global Drug Delivery project, We were extremely impressed by the simple but comprehensive presentation of the study and the quality of work done. This report really helped us to access untapped opportunities across the globe.
Marketing Director,
Philips Healthcare
The study was customized to our targets and needs with well-defined milestones. We were impressed by the in-depth customization and inclusion of not only major but also minor players across the globe. The DBMR Market position grid helped us to analyze the market in different dimension which was very helpful for the team to get into the minute details.
Product manager,
Fujifilms
Thankful to the team for the amazing coordination, and helping me at the last moment with my presentation. It was indeed a comprehensive report that gave us revenue impacting solution enabling us to plan the right move.
Investor relations,
GE Healthcare
Thank you for the report, and addressing our needs in such short time. DBMR has outdone themselves in this project with such short timeframe.
Market Analyst,
Medincell
We found the results of this study compelling and will help our organization validate a market we are considering to enter. Thank you for a job well done.
Andrew - Senior Global Marketing Manager,
Medtronic (US)
I want to thank you for your help with this report – It’s been very helpful in our business planning and it well organized.
Amarildo - Manager, Global Strategic Alignment
MasterCard
We believe the work done by Data Bridge Team for our requirements in the North America Loyalty Management Market was fantastic and would love to continue working with your team moving forward.
Tor Hammer
Green Nexus LLc
Thank you for your quick response to this unfortunate circumstance. Please extend my thanks to your reach team. I will be contacting you in the future with further projects
I acknowledge the difficulty given by the very short warning for this report, and I think that its quality and your delivering time have been very satisfying.
Obviously, as a provider Data Bridge Market Research will be considered as a plus for future needs of Nippon Gases.
Yuki Kopyl (Asian Business Development Department)
UENO FOOD TECHNO INDUSTRY, LTD. (JAPAN)
Xylose report was very useful for our team. Thank you very much & hope to work with you again in the future