The compact utility vehicle market has witnessed substantial growth in the last few years. This growth is projected to continue over the next years due to the increasing use of compact utility vehicles in place of big off-road vehicles across the globe. These vehicles are used across diverse applications including landscaping, construction, and others. Considering this, the expansion of construction and civic utility activities will create scope for application, encouraging growth in the coming years.
In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (FMI), offers insights into key factors fueling the demand for compact utility vehicles. The report tracks the global sales of compact utility vehicles in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the oil & gas industry in general, and compact utility vehicles in particular.
| Attributes | Details |
|---|---|
| Compact Utility Vehicles Market Value (2022) | US$ 32.7 billion |
| Compact Utility Vehicles Market Value (2023) | US$ 34.5 billion |
| Compact Utility Vehicles Market Expected Value (2033) | US$ 58.9 billion |
| Compact Utility Vehicles Market Projected CAGR (2023 to 2033) | 5.5% |
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Facing challenges such as high fuel consumption, low performance, and high cost has always been one of the prime concerns of end users. Choosing the correct compact utility vehicle for a specific application has been difficult for end users, hence manufacturers have increased the number of in-built attachments and feature in-built to fulfill customer requirements.
The market is likely to gain significantly from the launch of electric compact utility vehicles in the near future. This will not only help automakers tackle soaring environmental concerns but also offer consumers added benefits. Some of the leading compact utility vehicle manufacturers already have launched electric compact utility vehicles in the market and several others are likely to follow suit to keep pace with the dynamic environment.
Compact utility vehicles have been consistently employed for digging, drilling and boring, and other usage. Owing to the ongoing crisis caused by the COVID-19 pandemic, the production and supply chain activities have seen a minor slump yet the consumption will improve with the economic recovery post the containment period following the pandemic.
The COVID-19 pandemic has caused a severe impact on the global economy at various levels and the impact is seen in the off-road vehicle industry as well. The compact utility vehicle market growth was also projected to be affected by the COVID-19 pandemic crisis and was expected to witness a significant plunge in demand in 2020. With a number of end users affected in regions like North America, East Asia, and Asia-Pacific, the supply and shortage in demand are expected to result in a significant drop in Y-O-Y growth yet FMI expects the global compact utility vehicle market to grow at 5.5 % CAGR through 2033.
construction industry to propel the growth of construction industry
Compact utility vehicles are mostly used in the construction industry for different applications including drilling, digging, breaking, demolition, gripping, and others. Being of compact size, they can be used when no obstacles are present on the ongoing project. Also, compact utility vehicles require less fuel compared to big-sized off-road vehicles add is one of the most sophisticated features of compact utility vehicles.
Leading manufacturers are investing more in research and development activities of diesel and electric compact utility vehicles, especially in the electric compact utility vehicles segment. Competitive price offerings, increase in end-user satisfaction on performance, and use of advanced technologies are the end results of the R&D activities. Increasing research and development activities through collaboration or partnerships helps the company for launching new and innovative products in the market
Moreover, establishing sales and service facilities in emerging countries coupled with long-term partnerships with regional distributors also paves the way for the expansion of channel reach.
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Strict regulations in certain region to impede market growth
In certain regions, the construction equipment industry faces challenges of strict legislation to attain certain standards of construction equipment. The governments create agencies to protect the environment such as Pollution Control Agency, Environmental Protection Agency, Kano State Environmental Planning and Protection Agency, and many more. This regulation requires manufacturers to invest heavily in new technologies but at the same time, the manufacturer of construction equipment faces low sales in terms of volume. Henceforth, these factors are pulling the global compact utility vehicle market.
Compact Utility Vehicles Market:
| Differentiating Aspects | Compact Utility Vehicles Market |
|---|---|
| CAGR (2023 to 2033) | 5.5% |
| Market Valuation in 2023 | US$ 34.5 billion |
| Projected Market Value in 2033 | US$ 58.9 billion |
| Growth Factors | This growth is projected to continue over the next years due to the increasing use of compact utility vehicles in place of big off-road vehicles across the globe. |
| Opportunities | These vehicles are used across diverse applications including landscaping, construction, and others. Considering this, the expansion of construction and civic utility activities will create scope for application, encouraging growth. |
| Key Trends | Leading manufacturers are investing more in research and development activities of diesel and electric compact utility vehicles, especially in the electric compact utility vehicles segment. |
Testing Software Market:
| Differentiating Aspects | Testing Software Market |
|---|---|
| CAGR (2023 to 2033) | 7% |
| Market Valuation in 2023 | US$ 3809 billion |
| Projected Market Value in 2033 | US$ 7493 billion |
| Growth Factors | Huge demand for high-end passenger vehicles, urbanization and increased infrastructure spending in the economy are propelling the automotive market forward. |
| Opportunities | Electronic commerce and the digital revolution are also critical to the improvement of the logistics and transport industry. |
| Key Trends | Companies are creating new vehicle concepts lowering load factors and size, and altering cars to satisfy weight restrictions. Urbanization has benefited the mining and construction industries. |
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United States to dominate the industry in forecast period
FMI has projected the United States to remain one of the most lucrative markets throughout the course of the forecast period. One of the key factors supporting enhancement is the growth in industrial use and civic utility applications in the country.
As the United States is one of the biggest construction markets after the end of the recession construction projects in the United States has accelerated and are expected to increase the total sales of compact utility vehicles in the forecast period.
Attributing to these factors the United States remains one of the largest markets for compact utility vehicles in the world, which invariably makes it a lucrative pocket for manufacturers.
Germnay to emerge as largest shareholder in Europe,
Being the largest shareholder in Europe, the German compact utility vehicle market is estimated to grow notably with a 4.5% of growth rate during the period 2023 to 2033. In recent years, manufacturers are gradually developing a new customer base in Germany.
As the German construction segment is rising considerably, growth in the German compact utility vehicle market is projected to expand at a y-o-y of 2%. Key macroeconomic drivers of the country remain robust and many factors are favorable for growth, which is expected to provide a stable forecast during the forecast period.
Gardening and landscape applications have increased significantly in the German market and are pegged to impact the global compact utility vehicle market as well. Also, rental sales in Germany have increased considerably, impacting the demand for new compact utility vehicles.
India to be in Second Position in the global market
Indian compact utility vehicle market is the second largest in the South Asia & Pacific compact utility vehicle market. Excavator in the range of (20-50 HP) has emerged as a key segment in the Indian compact utility vehicle market. India is anticipated to expand with a CAGR of 4% during 2023 to 2033, which is the largest growth rate in the South Asia & Pacific compact utility vehicle industry.
Increased construction activities and civic utility applications in India are leading to increasing demand for compact utility vehicles, which has led to a promising growth forecast for the market during the 2023 to 2033 period.
Robust environmental regulations to boost market growth
The Brexit scenario is impacting the manufacturers and consumers in the United Kingdom compact utility vehicle market. Infrastructure development activities in the United Kingdom remain tight, part of the compact utility vehicle market. Strengthening environmental regulations in the United Kingdom are projected to grow the electric compact utility vehicle segment in the forecast period. In the historic period of 2018-2022, excavators have seen stronger sales compared to other off-road vehicles.
In the United Kingdom, the ratio of new end user to rental sales have been (60-40%) or (65-35%) range. Increasing acceptance of tracked compact utility vehicles in the United Kingdom is expected to drive the global market for tracked compact utility vehicle market.
China to emerge as most significant nation in the industry
The Chinese compact utility vehicle market is expected to present the most significant country market in terms of new opportunities, following the United States, for future sales of compact utility vehicles, owing to increased civic utilities and construction activities in the country. There has been an extraordinary surge in sales of compact utility vehicles in China between and 2019, and this trend is expected to continue during the forecast period 2023 to 2033.
Rental sales segment to produce major share
New buying as well as rentals continue to create opportunities for compact utility vehicles. Rental sales continue to be a lucrative channel for compact utility vehicle manufacturers. The ratio between direct end-user sales varies from metropolitan to peripheral regions. Government construction projects, which largely make use of rented machinery, remain a key avenue for manufacturers. Companies such as Sunbeltrentals, Kanamoto Co., Ltd., and Rentaga are offering rental compact utility vehicles from different manufacturers.
Tracked vehicles segment to witness high demand
The demand for different platforms varies from region to region, as In APAC and the Middle East, wheeled-type platforms are expected to contribute a significant share in the global compact utility vehicle market. The demand for tracked types of platforms in Europe and North America is expected to boost in the forecast period with substantial growth in the 2023 to 2033 forecast period. Tracked vehicles have more advantages of working in difficult terrain, compared to wheeled ones. Still, the wheeled type of platform is expected to hold the largest market share during the forecast period due to the slow adoption rate of tracked type platform vehicles.
Skid Steer Loaders segment to capture high market revenue
Excavator sales were predominant in comparison with skid steer loader sales during 2015-2019 and are expected to remain so during the forecast period 2023 to 2033. Skid steer loader segment is poised to increase at a CAGR of 2% through 2023 to 2033. Skid steers are mostly used in small-scale projects and residential applications. Skid steers are ideal in use when the material is stacked up and requires tricky turns.
Excavators hold more than 70% of the market share compared to skid steer loaders and detachable-based vehicles. The most prominent process for which construction equipment is used is the excavation. Excavators are used on higher priority while excavation is being done on construction sites. The ability of extended reach for excavators on the construction site makes use of excavators more flexible in use hence skid steer loaders are expected to hold a low market share compared with excavators in the global compact utility vehicle market.
25-50 compact utility vehicles to take over the market
Globally, 25-50 compact utility vehicles remain preferred by end-users. This segment accounts for over 85% share of the market and is set to grow at 3% CAGR during the upcoming decades. Owing to more no of product variants and specifications in the range of 25-50 HP segment, consumers continue to have wider flexibility in this segment.
The construction industry to hold bulk of demand in industry
The construction industry accounts for the bulk of demand for compact utility vehicles globally. Demand is especially high in the small-scale industry segment. Civic utilities is another lucrative segment, where these vehicles are used for civic projects such as solid waste management and small-scale infrastructure projects.
Diesel compact utility vehicles account to generate highest share
Diesel compact utility vehicles account for over 90% of the overall share through the forecast period. Sales of electric compact utility vehicles are expected to increase at a low pace, as product refinement and development activities are going on in this segment and there is potential for great improvement. Many manufacturers have launched their own electric compact utility vehicles but for adoption of electric vehicles in the compact utility vehicle market it will take a few more years to compete significantly with diesel type.
The compact utility vehicle market is moderately competitive, with the presence of a large number of players offering cost-competitive products. Some of the players are focusing to carve a niche for specific demography. The market has robust partnerships throughout the value chain, with a high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Suppliers adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. Through these developments, companies are aiming for a competitive advantage. Furthermore, the advent of online sales channels is also expected to create positive growth prospects for the growth in demand for these vehicles.
For instance,
Hitachi Construction Machinery Tierra developed a battery-powered mini excavator prototype. The current prototype was developed by Hitachi Construction Machinery Tierra Co., Ltd., in cooperation with the European Application Center GmbH.
Wacker Neuson Group launched the electric mini-excavator EZ17e. With the mini-excavator EZ17e, The Company has expanded its zero-emission series of mini-excavators.
Komatsu introduced new PC80MR-5 mini excavator. The PC80MR-5 is designed for improved versatility, maneuverability, and comfort - and for low operating costs.
Volvo Construction Equipment revealed two zero-emission machines at the Bauma trade fair in Munich, namely the electric compact excavator ECR25 and compact wheel loader L25.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN, Oceania, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Vehicle Type, Platform, Operation, Rated Power, Application, Sales Channel, and Region. |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is expected to progress at 5.5% CAGR until 2033.
The market recorded US$ 32.7 million in 2022.
Expanding construction and technological advances will expand markets.
The 25-50 power segment is expected to hold 85% of the market share.
A growth rate of 4.5% is anticipated in Germany.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Billion) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033 5.3.1. Skid Steer Loaders 5.3.2. Excavators 5.3.3. Detachable Accessory Based Vehicles 5.3.3.1. Power Auger 5.3.3.2. Hydraulic Breaker 5.3.3.3. Diggers 5.3.3.4. Dumpers 5.3.3.5. Others 5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Platform, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Platform, 2023 to 2033 6.3.1. Tracked 6.3.1.1. Wide 6.3.1.2. Narrow 6.3.2. Wheeled 6.4. Y-o-Y Growth Trend Analysis By Platform, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Platform, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operation Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Operation Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Operation Type, 2023 to 2033 7.3.1. Diesel 7.3.2. Electric 7.4. Y-o-Y Growth Trend Analysis By Operation Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Operation Type, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Rated Power 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Rated Power , 2018 to 2022 8.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Rated Power , 2023 to 2033 8.3.1. 20 to 25 HP 8.3.2. 25 to 50 HP 8.4. Y-o-Y Growth Trend Analysis By Rated Power , 2018 to 2022 8.5. Absolute $ Opportunity Analysis By Rated Power , 2023 to 2033 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Applications 9.1. Introduction / Key Findings 9.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Applications, 2018 to 2022 9.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Applications, 2023 to 2033 9.3.1. Construction 9.3.2. Gardening & Landscaping 9.3.3. Civic Utilities 9.3.4. Industrial 9.4. Y-o-Y Growth Trend Analysis By Applications, 2018 to 2022 9.5. Absolute $ Opportunity Analysis By Applications, 2023 to 2033 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 10.1. Introduction / Key Findings 10.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Sales Channel, 2018 to 2022 10.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033 10.3.1. Direct End User 10.3.2. Rental 10.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022 10.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. Introduction 11.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Region, 2018 to 2022 11.3. Current Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. Asia Pacific 11.3.5. MEA 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. The USA 12.2.1.2. Canada 12.2.2. By Vehicle Type 12.2.3. By Platform 12.2.4. By Operation Type 12.2.5. By Rated Power 12.2.6. By Applications 12.2.7. By Sales Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Vehicle Type 12.3.3. By Platform 12.3.4. By Operation Type 12.3.5. By Rated Power 12.3.6. By Applications 12.3.7. By Sales Channel 12.4. Key Takeaways 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. Brazil 13.2.1.2. Mexico 13.2.1.3. Rest of Latin America 13.2.2. By Vehicle Type 13.2.3. By Platform 13.2.4. By Operation Type 13.2.5. By Rated Power 13.2.6. By Applications 13.2.7. By Sales Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Vehicle Type 13.3.3. By Platform 13.3.4. By Operation Type 13.3.5. By Rated Power 13.3.6. By Applications 13.3.7. By Sales Channel 13.4. Key Takeaways 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. Germany 14.2.1.2. United Kingdom 14.2.1.3. France 14.2.1.4. Spain 14.2.1.5. Italy 14.2.1.6. Rest of Europe 14.2.2. By Vehicle Type 14.2.3. By Platform 14.2.4. By Operation Type 14.2.5. By Rated Power 14.2.6. By Applications 14.2.7. By Sales Channel 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Vehicle Type 14.3.3. By Platform 14.3.4. By Operation Type 14.3.5. By Rated Power 14.3.6. By Applications 14.3.7. By Sales Channel 14.4. Key Takeaways 15. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.1.4. Singapore 15.2.1.5. Thailand 15.2.1.6. Indonesia 15.2.1.7. Australia 15.2.1.8. New Zealand 15.2.1.9. Rest of Asia Pacific 15.2.2. By Vehicle Type 15.2.3. By Platform 15.2.4. By Operation Type 15.2.5. By Rated Power 15.2.6. By Applications 15.2.7. By Sales Channel 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Vehicle Type 15.3.3. By Platform 15.3.4. By Operation Type 15.3.5. By Rated Power 15.3.6. By Applications 15.3.7. By Sales Channel 15.4. Key Takeaways 16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 16.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Vehicle Type 16.2.3. By Platform 16.2.4. By Operation Type 16.2.5. By Rated Power 16.2.6. By Applications 16.2.7. By Sales Channel 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Vehicle Type 16.3.3. By Platform 16.3.4. By Operation Type 16.3.5. By Rated Power 16.3.6. By Applications 16.3.7. By Sales Channel 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Pricing Analysis 17.1.2. Market Share Analysis, 2022 17.1.2.1. By Vehicle Type 17.1.2.2. By Platform 17.1.2.3. By Operation Type 17.1.2.4. By Rated Power 17.1.2.5. By Applications 17.1.2.6. By Sales Channel 17.2. Canada 17.2.1. Pricing Analysis 17.2.2. Market Share Analysis, 2022 17.2.2.1. By Vehicle Type 17.2.2.2. By Platform 17.2.2.3. By Operation Type 17.2.2.4. By Rated Power 17.2.2.5. By Applications 17.2.2.6. By Sales Channel 17.3. Brazil 17.3.1. Pricing Analysis 17.3.2. Market Share Analysis, 2022 17.3.2.1. By Vehicle Type 17.3.2.2. By Platform 17.3.2.3. By Operation Type 17.3.2.4. By Rated Power 17.3.2.5. By Applications 17.3.2.6. By Sales Channel 17.4. Mexico 17.4.1. Pricing Analysis 17.4.2. Market Share Analysis, 2022 17.4.2.1. By Vehicle Type 17.4.2.2. By Platform 17.4.2.3. By Operation Type 17.4.2.4. By Rated Power 17.4.2.5. By Applications 17.4.2.6. By Sales Channel 17.5. Germany 17.5.1. Pricing Analysis 17.5.2. Market Share Analysis, 2022 17.5.2.1. By Vehicle Type 17.5.2.2. By Platform 17.5.2.3. By Operation Type 17.5.2.4. By Rated Power 17.5.2.5. By Applications 17.5.2.6. By Sales Channel 17.6. United Kingdom 17.6.1. Pricing Analysis 17.6.2. Market Share Analysis, 2022 17.6.2.1. By Vehicle Type 17.6.2.2. By Platform 17.6.2.3. By Operation Type 17.6.2.4. By Rated Power 17.6.2.5. By Applications 17.6.2.6. By Sales Channel 17.7. France 17.7.1. Pricing Analysis 17.7.2. Market Share Analysis, 2022 17.7.2.1. By Vehicle Type 17.7.2.2. By Platform 17.7.2.3. By Operation Type 17.7.2.4. By Rated Power 17.7.2.5. By Applications 17.7.2.6. By Sales Channel 17.8. Spain 17.8.1. Pricing Analysis 17.8.2. Market Share Analysis, 2022 17.8.2.1. By Vehicle Type 17.8.2.2. By Platform 17.8.2.3. By Operation Type 17.8.2.4. By Rated Power 17.8.2.5. By Applications 17.8.2.6. By Sales Channel 17.9. Italy 17.9.1. Pricing Analysis 17.9.2. Market Share Analysis, 2022 17.9.2.1. By Vehicle Type 17.9.2.2. By Platform 17.9.2.3. By Operation Type 17.9.2.4. By Rated Power 17.9.2.5. By Applications 17.9.2.6. By Sales Channel 17.10. China 17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2022 17.10.2.1. By Vehicle Type 17.10.2.2. By Platform 17.10.2.3. By Operation Type 17.10.2.4. By Rated Power 17.10.2.5. By Applications 17.10.2.6. By Sales Channel 17.11. Japan 17.11.1. Pricing Analysis 17.11.2. Market Share Analysis, 2022 17.11.2.1. By Vehicle Type 17.11.2.2. By Platform 17.11.2.3. By Operation Type 17.11.2.4. By Rated Power 17.11.2.5. By Applications 17.11.2.6. By Sales Channel 17.12. South Korea 17.12.1. Pricing Analysis 17.12.2. Market Share Analysis, 2022 17.12.2.1. By Vehicle Type 17.12.2.2. By Platform 17.12.2.3. By Operation Type 17.12.2.4. By Rated Power 17.12.2.5. By Applications 17.12.2.6. By Sales Channel 17.13. Singapore 17.13.1. Pricing Analysis 17.13.2. Market Share Analysis, 2022 17.13.2.1. By Vehicle Type 17.13.2.2. By Platform 17.13.2.3. By Operation Type 17.13.2.4. By Rated Power 17.13.2.5. By Applications 17.13.2.6. By Sales Channel 17.14. Thailand 17.14.1. Pricing Analysis 17.14.2. Market Share Analysis, 2022 17.14.2.1. By Vehicle Type 17.14.2.2. By Platform 17.14.2.3. By Operation Type 17.14.2.4. By Rated Power 17.14.2.5. By Applications 17.14.2.6. By Sales Channel 17.15. Indonesia 17.15.1. Pricing Analysis 17.15.2. Market Share Analysis, 2022 17.15.2.1. By Vehicle Type 17.15.2.2. By Platform 17.15.2.3. By Operation Type 17.15.2.4. By Rated Power 17.15.2.5. By Applications 17.15.2.6. By Sales Channel 17.16. Australia 17.16.1. Pricing Analysis 17.16.2. Market Share Analysis, 2022 17.16.2.1. By Vehicle Type 17.16.2.2. By Platform 17.16.2.3. By Operation Type 17.16.2.4. By Rated Power 17.16.2.5. By Applications 17.16.2.6. By Sales Channel 17.17. New Zealand 17.17.1. Pricing Analysis 17.17.2. Market Share Analysis, 2022 17.17.2.1. By Vehicle Type 17.17.2.2. By Platform 17.17.2.3. By Operation Type 17.17.2.4. By Rated Power 17.17.2.5. By Applications 17.17.2.6. By Sales Channel 17.18. GCC Countries 17.18.1. Pricing Analysis 17.18.2. Market Share Analysis, 2022 17.18.2.1. By Vehicle Type 17.18.2.2. By Platform 17.18.2.3. By Operation Type 17.18.2.4. By Rated Power 17.18.2.5. By Applications 17.18.2.6. By Sales Channel 17.19. South Africa 17.19.1. Pricing Analysis 17.19.2. Market Share Analysis, 2022 17.19.2.1. By Vehicle Type 17.19.2.2. By Platform 17.19.2.3. By Operation Type 17.19.2.4. By Rated Power 17.19.2.5. By Applications 17.19.2.6. By Sales Channel 17.20. Israel 17.20.1. Pricing Analysis 17.20.2. Market Share Analysis, 2022 17.20.2.1. By Vehicle Type 17.20.2.2. By Platform 17.20.2.3. By Operation Type 17.20.2.4. By Rated Power 17.20.2.5. By Applications 17.20.2.6. By Sales Channel 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Vehicle Type 18.3.3. By Platform 18.3.4. By Operation Type 18.3.5. By Rated Power 18.3.6. By Applications 18.3.7. By Sales Channel 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Kubota Corporation 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.1.5.2. Product Strategy 19.1.1.5.3. Channel Strategy 19.1.2. Komatsu Ltd. 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.2.5.2. Product Strategy 19.1.2.5.3. Channel Strategy 19.1.3. Hitachi Construction Machinery Co. Ltd. 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.3.5.2. Product Strategy 19.1.3.5.3. Channel Strategy 19.1.4. Doosan Bobcat 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.4.5.2. Product Strategy 19.1.4.5.3. Channel Strategy 19.1.5. Hyundai Construction Equipment Co., Ltd. 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.5.5.2. Product Strategy 19.1.5.5.3. Channel Strategy 19.1.6. CNH Industrial America LLC 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.6.5.2. Product Strategy 19.1.6.5.3. Channel Strategy 19.1.7. YANMAR HOLDINGS CO., LTD. 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.7.5.2. Product Strategy 19.1.7.5.3. Channel Strategy 19.1.8. Mitsubishi Logisnext Co., Ltd. 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.8.5.2. Product Strategy 19.1.8.5.3. Channel Strategy 19.1.9. Volvo Construction Equipment 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.9.5.2. Product Strategy 19.1.9.5.3. Channel Strategy 19.1.10. Caterpillar 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.10.5.2. Product Strategy 19.1.10.5.3. Channel Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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