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%. The growth of this market can be attributed to increasing urbanization, residential developments, government initiatives carried out for smart city programs in developing countries, and technological advancements in the compact construction equipment industry.
Compact construction equipment manufacturers across the globe are focusing on incorporating new technologies such as electrification, the development of hydrogen engines, and the advancement of autonomy in compact construction equipment. Integrating these technologies provides compact equipment sustainability, autonomous operations, and safety features. Compact construction equipment manufacturers, such as J C Bamford Excavators (UK), Doosan Bobcat (South Korea), CNH Industrial (UK), Caterpillar (US), and Kubota Corporation (Japan), have invested significantly in R&D to develop these advanced technologies. The successful implementation of any of these technologies can change the business landscape of the compact construction equipment market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89115103
The lifting and hoisting segment will experience the fastest growth rate in the by-function market segment from 2025 to 2032 due to investments by key OEMs in the telehandlers market. The demand for Telehandlers is estimated to increase globally during the forecast period. The equipment has a wide range of applications, from the construction industry to agriculture and industry. In January 2024, SANY India achieved the milestone of exporting 1,000 telehandlers to the US. In January 2025, SANY completed the expansion of its manufacturing plant in India for Telehandlers. The production capacity of the plant is 14,000 units/year. In February 2023, J C Bamford Excavators Ltd. acquired Swedish telehandler manufacturer Hiab for USD 1.5 billion. The acquisition was focused on improving the company’s global telehandler market. In addition to the increasing infrastructural developments, the demand for moving goods and other equipment from one place to another will increase global demand for telehandlers.
The electric compact construction equipment market is growing at a significant rate. Environmental concerns, cost efficiency, and technological advancements propel this increasing demand for electric compact construction equipment. Electric equipment produces lower emissions, complies with regulations, and reduces pollution. Lower operating costs and improved energy efficiency make electric options attractive, with battery technology enhancements enhancing viability. Mini excavators and compact loaders will lead the electric compact equipment market by equipment category. AB Volvo (Sweden), Komatsu Ltd. (Japan), and Doosan Bobcat (South Korea) are estimated to lead this shift from traditional ICE to electric-propelled equipment, as these companies have already invested in the electrification of compact equipment. Currently, AB Volvo offers more than 10 electric compact equipment, including excavators, loaders, and compactors.
Opportunities in the compact construction equipment market stand for electric and hydrogen propelled construction equipment developments. Companies working on the development of these equipment include Caterpillar (US), J C Bamford Excavators (UK), Komatsu (Japan), Kubota Corporation (Japan), and CNH Industrial (UK).
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=89115103
