Table of Content


1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 33
1.3 STUDY SCOPE 34
1.3.1 MARKET SEGMENTATION & GEOGRAPHICAL SPREAD 34
1.3.2 INCLUSIONS & EXCLUSIONS 35
1.4 YEARS CONSIDERED 35
1.5 CURRENCY CONSIDERED 36
1.6 UNITS CONSIDERED 37
1.7 STAKEHOLDERS 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Secondary sources for base data and market sizing 39
2.1.1.2 Key data from secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Primary participants 41
2.1.3 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 44
2.3 DATA TRIANGULATION 45
2.4 FACTOR ANALYSIS 46
2.5 RESEARCH ASSUMPTIONS & RISK ANALYSIS 47
2.6 RESEARCH LIMITATIONS 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMPACT CONSTRUCTION
EQUIPMENT MARKET 53
4.2 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 54
4.3 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 54
4.4 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 55
4.5 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 55
4.6 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 56
4.7 ELECTRIC & COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 56
4.8 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET,
BY PROPULSION TYPE 57
4.9 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY 57
4.10 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
5.2.1 DRIVERS 60
5.2.1.1 Rapid urbanization in residential and commercial sectors 60
5.2.1.2 Rising cost and shortage of skilled labor 60
5.2.2 RESTRAINTS 61
5.2.2.1 Stringent international trade policies and events 61
5.2.3 OPPORTUNITIES 61
5.2.3.1 Advancements in hydrogen-propelled compact equipment 61
5.2.3.2 Enhancements in autonomous compact construction equipment 62
5.2.3.3 Rapid digitalization of services 62
5.2.4 CHALLENGES 63
5.2.4.1 Battery-related issues in electric compact construction equipment 63
5.2.4.2 Supply chain issues for biodiesel and hydrogen fuels 63
5.3 IMPACT OF AI/GENERATIVE AI 64
5.4 TECHNOLOGY ANALYSIS 64
5.4.1 KEY TECHNOLOGIES 65
5.4.1.1 H2-ICE for compact construction equipment 65
5.4.1.2 H2-fuel cells for compact construction equipment 65
5.4.2 COMPLEMENTARY TECHNOLOGIES 65
5.4.2.1 Monitoring and diagnostic technologies 65
5.4.3 ADJACENT TECHNOLOGIES 66
5.4.3.1 Grade control system 66
5.5 CASE STUDIES 66
5.5.1 MACHINMAX ADOPTED PREDICTIVE MAINTENANCE TO REDUCE CARBON EMISSIONS FROM MOBILE PLANTS 66
5.5.2 DEVELOPMENT OF LOW-CARBON CONSTRUCTION MACHINERY TO CONTRIBUTE TO CIRCULAR ECONOMY 67
5.5.3 KUBOTA OFFERED MINI EXCAVATORS THAT FACILITATE INFRASTRUCTURE IMPROVEMENTS WHILE PRESERVING HISTORIC LANDSCAPES 67
5.5.4 KUBOTA OFFERED COMPACT TRACK LOADERS THAT ENHANCE STABILITY
AND OPERATIONAL SIMPLICITY 68
5.6 INVESTMENT & FUNDING SCENARIO 68
5.7 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
5.8 PRICING ANALYSIS 69
5.8.1 AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE 70
5.8.2 AVERAGE SELLING PRICE TREND, BY REGION 71
5.9 ECOSYSTEM ANALYSIS 71
5.10 SUPPLY CHAIN ANALYSIS 74
5.11 PATENT ANALYSIS 76
5.12 TRADE ANALYSIS 81
5.12.1 IMPORT SCENARIO 81
5.12.2 EXPORT SCENARIO 83
5.13 REGULATORY LANDSCAPE 85
5.13.1 REGULATIONS, BY REGION 86
5.13.1.1 North America 86
5.13.1.1.1 US 86
5.13.1.2 European Union 87
5.13.1.3 Asia 87
5.13.1.3.1 China 87
5.13.1.3.2 India 88
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 88
5.14 KEY CONFERENCES & EVENTS, 2025 93
5.15 KEY STAKEHOLDERS & BUYING CRITERIA 94
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 94
5.15.2 BUYING CRITERIA 95
5.16 COMPACT CONSTRUCTION EQUIPMENT MARKET: OEM ANALYSIS 96
5.16.1 BATTERY CAPACITIES OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT TYPES OFFERED BY OEMS 96
5.16.2 BACKHOE LOADERS OFFERED BY OEMS, 2024 97
5.16.3 COMPACT TRACK LOADERS OFFERED BY OEMS, 2024 98
5.16.4 SKID STEER LOADERS OFFERED BY OEMS, 2024 99
5.17 OEM STRATEGIES 100
6 GLOBAL SHIPMENT, BY OEM 102
6.1 INTRODUCTION 102
6.2 BACKHOE LOADERS (> 25 HP TO 90 HP): GLOBAL SHIPMENT 102
6.3 TELEHANDLERS (UP TO 110 HP): GLOBAL SHIPMENT 103
6.4 MINI EXCAVATORS (> 25 HP TO 100 HP): GLOBAL SHIPMENT 103
6.5 SKID STEER LOADERS (> 25 HP TO 100 HP): GLOBAL SHIPMENT 104
6.6 COMPACT TRACK LOADERS (UP TO 100 HP): GLOBAL SHIPMENT 104
7 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 105
7.1 INTRODUCTION 106
7.2 < 2 L 108
7.2.1 NEED FOR LOW COST AND BETTER EFFICIENCY OF CONSTRUCTION EQUIPMENT TO DRIVE GROWTH 108
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7.3 2–3.5 L 110
7.3.1 DEMAND FOR EQUIPMENT WITH INCREASED LOAD-CARRYING CAPACITY TO DRIVE MARKET 110
7.4 ABOVE 3.5 L 112
7.4.1 DEMAND FOR EQUIPMENT WITH HIGH POWER OUTPUT TO DRIVE MARKET 112
7.5 INDUSTRY INSIGHTS 113
8 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 114
8.1 INTRODUCTION 115
8.2 BACKHOE LOADERS 118
8.2.1 RAPID INCREASE IN RESIDENTIAL PROJECTS TO DRIVE DEMAND 118
8.3 COMPACT TRACK LOADERS 120
8.3.1 FOCUS ON INTEGRATING ADVANCED TECHNOLOGIES IN CONSTRUCTION EQUIPMENT TO DRIVE GROWTH 120
8.4 MINI EXCAVATORS 121
8.4.1 DEMAND FOR EQUIPMENT TO WORK IN NARROW SPACES TO DRIVE GROWTH 121
8.5 SKID STEER LOADERS 123
8.5.1 NEED FOR VERSATILITY OF OPERATIONS TO DRIVE DEMAND FOR SKID STEER LOADERS 123
8.6 WHEELED EXCAVATORS 125
8.6.1 RISING NEED FOR WHEELED EXCAVATORS IN EUROPE TO DRIVE GROWTH 125
8.7 WHEELED LOADERS < 80 HP 127
8.7.1 FOCUS ON ADOPTING LOW-COST LOADERS TO DRIVE GROWTH 127
8.8 COMPACTORS 128
8.8.1 INCREASE IN ROAD CONSTRUCTION PROJECTS TO DRIVE GROWTH 128
8.9 TELEHANDLERS 130
8.9.1 DEMAND FOR EQUIPMENT FOR LIFTING AND HANDLING HEAVY MACHINES TO DRIVE GROWTH 130
8.10 INDUSTRY INSIGHTS 132
9 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 133
9.1 INTRODUCTION 134
9.2 LOADING 135
9.2.1 GROWING DEMAND FOR LOADERS TO DRIVE GROWTH 135
9.3 EXCAVATION 137
9.3.1 INCREASE IN RESIDENTIAL AND INFRASTRUCTURE ACTIVITIES TO DRIVE GROWTH 137
9.4 LIFTING & HOISTING 139
9.4.1 GROWTH IN ACTIVITIES PERTAINING TO MATERIAL HANDLING TO DRIVE MARKET 139
9.5 COMPACTION 140
9.5.1 GROWTH IN ROAD CONSTRUCTION ACTIVITIES TO DRIVE MARKET 140
9.6 INDUSTRY INSIGHTS 142
10 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 143
10.1 INTRODUCTION 144
10.2 ? 30 HP 145
10.2.1 LOW COST AND BETTER EFFICIENCY TO DRIVE GROWTH 145
10.3 31–60 HP 147
10.3.1 NEED FOR EQUIPMENT WITH BETTER LOAD-CARRYING CAPACITY TO DRIVE GROWTH 147
10.4 61–100 HP 149
10.4.1 DEMAND FOR EQUIPMENT WITH HIGH POWER OUTPUT TO DRIVE MARKET 149
10.5 INDUSTRY INSIGHTS 150
11 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 151
11.1 INTRODUCTION 152
11.2 DIESEL 153
11.2.1 DEMAND FOR HIGH-POWER INFRASTRUCTURE TO DRIVE GROWTH 153
11.3 CNG/LNG/RNG 155
11.3.1 STRINGENT REGULATIONS AND NEED FOR EQUIPMENT WITH LOW EMISSIONS TO DRIVE GROWTH 155
11.4 INDUSTRY INSIGHTS 157
12 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET,
BY EQUIPMENT TYPE 158
12.1 INTRODUCTION 159
12.2 ELECTRIC LOADERS 164
12.2.1 GROWING DEMAND FOR ELECTRIC SKID STEER AND WHEELED LOADERS TO DRIVE GROWTH 164
12.3 ELECTRIC EXCAVATORS 166
12.3.1 INCREASE IN EXCAVATION ACTIVITIES TO DRIVE GROWTH 166
12.4 ELECTRIC COMPACTORS 167
12.4.1 SUSTAINABLE ROAD CONSTRUCTION INITIATIVES TO DRIVE GROWTH 167
12.5 ELECTRIC TELEHANDLERS 168
12.5.1 INCREASE IN HOISTING OPERATIONS TO DRIVE MARKET FOR ELECTRIC TELEHANDLERS 168
12.6 HYDROGEN 170
12.6.1 DEVELOPMENT OF HYDROGEN ENGINES TO DRIVE MARKET 170
12.7 INDUSTRY INSIGHTS 171
13 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY 172
13.1 INTRODUCTION 173
13.2 LITHIUM IRON PHOSPHATE (LFP) 175
13.2.1 NEED FOR HIGH ELECTROCHEMICAL STABILITY TO DRIVE GROWTH 175
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13.3 LITHIUM NICKEL MANGANESE COBALT (NMC) 177
13.3.1 DEMAND FOR BATTERIES WITH HIGH ENERGY DENSITY TO DRIVE GROWTH 177
13.4 OTHER BATTERY CHEMISTRIES 178
13.5 INDUSTRY INSIGHTS 180
14 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION 181
14.1 INTRODUCTION 182
14.2 ASIA 184
14.2.1 MACROECONOMIC OUTLOOK 184
14.2.2 CHINA 189
14.2.2.1 Heavy investments in infrastructural development to drive market 189
14.2.3 INDIA 191
14.2.3.1 Government plans for smart cities and foreign investments in real estate to drive market 191
14.2.4 JAPAN 194
14.2.4.1 Investments in residential construction activities to drive market 194
14.2.5 INDONESIA 195
14.2.5.1 Rapid development of infrastructure to drive demand 195
14.2.6 REST OF ASIA 198
14.3 EUROPE 200
14.3.1 MACROECONOMIC OUTLOOK 200
14.3.2 GERMANY 205
14.3.2.1 Rapid increase in residential construction activities to drive market 205
14.3.3 UK 207
14.3.3.1 Increase in residential construction projects to drive demand 207
14.3.4 FRANCE 210
14.3.4.1 Rapid development of healthcare facilities and real estate to drive demand 210
14.3.5 ITALY 212
14.3.5.1 Rising investments in maintenance and renovation projects to drive market 212
14.3.6 SPAIN 214
14.3.6.1 Increased foreign investments in construction activities to drive market growth 214
14.3.7 REST OF EUROPE 216
14.4 NORTH AMERICA 219
14.4.1 MACROECONOMIC OUTLOOK 219
14.4.2 US 224
14.4.2.1 Growing number of residential and commercial construction projects to drive market 224
14.4.3 CANADA 226
14.4.3.1 Increased investments in residential and non-residential construction activities to drive market 226
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14.4.4 MEXICO 228
14.4.4.1 Increased investments in private and public sectors to drive market 228
14.5 MIDDLE EAST 231
14.5.1 MACROECONOMIC OUTLOOK 231
14.5.2 QATAR 235
14.5.2.1 Development in real estate sector to drive market growth 235
14.5.3 SAUDI ARABIA 237
14.5.3.1 Introduction of Vision 2030 to drive market 237
14.5.4 UAE 239
14.5.4.1 Rise in tourism activities to drive growth 239
14.5.5 REST OF MIDDLE EAST 242
14.6 REST OF THE WORLD 244
14.6.1 MACROECONOMIC OUTLOOK 244
14.6.2 RUSSIA 248
14.6.2.1 Russia-Ukraine conflict to threaten demand 248
14.6.3 SOUTH AFRICA 251
14.6.3.1 Rapid pace of infrastructural development to propel growth 251
14.6.4 BRAZIL 253
14.6.4.1 Booming hospitality sector to drive market 253
14.6.5 OTHERS 255
14.7 INDUSTRY INSIGHTS 257
15 COMPETITIVE LANDSCAPE 258
15.1 OVERVIEW 258
15.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025 258
15.3 MARKET SHARE ANALYSIS, 2024 260
15.4 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 262
15.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 263
15.5.1 STARS 263
15.5.2 EMERGING LEADERS 263
15.5.3 PERVASIVE PLAYERS 263
15.5.4 PARTICIPANTS 263
15.5.5 COMPANY FOOTPRINT 265
15.5.5.1 Overall company footprint 265
15.5.5.2 Region footprint 266
15.5.5.3 Equipment type footprint 267
15.5.5.4 Propulsion type footprint 268
15.5.5.5 Function footprint 269
15.6 COMPANY VALUATION 270
15.7 FINANCIAL METRICS 270
15.8 BRAND/PRODUCT COMPARISON 271
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15.9 COMPETITIVE SCENARIO 272
15.9.1 PRODUCT LAUNCHES 272
15.9.2 DEALS 276
15.9.3 EXPANSION 278
15.9.4 OTHER DEVELOPMENTS 281
16 COMPANY PROFILES 282
16.1 KEY PLAYERS 282
16.1.1 DOOSAN BOBCAT 282
16.1.1.1 Business overview 282
16.1.1.2 Products offered 283
16.1.1.3 Recent developments 284
16.1.1.3.1 Product launches 284
16.1.1.3.2 Deals 284
16.1.1.3.3 Expansion 285
16.1.1.4 MnM view 286
16.1.1.4.1 Key strengths 286
16.1.1.4.2 Strategic choices 286
16.1.1.4.3 Weaknesses and competitive threats 286
16.1.2 CATERPILLAR 287
16.1.2.1 Business overview 287
16.1.2.2 Products offered 288
16.1.2.3 Recent developments 289
16.1.2.3.1 Product launches 289
16.1.2.3.2 Deals 290
16.1.2.3.3 Expansion 291
16.1.2.4 MnM view 292
16.1.2.4.1 Key strengths 292
16.1.2.4.2 Strategic choices 292
16.1.2.4.3 Weaknesses and competitive threats 292
16.1.3 CNH INDUSTRIAL N.V. 293
16.1.3.1 Business overview 293
16.1.3.2 Products offered 294
16.1.3.3 Recent developments 295
16.1.3.3.1 Product launches 295
16.1.3.3.2 Deals 296
16.1.3.3.3 Expansion 296
16.1.3.3.4 Other developments 297
16.1.3.4 MnM view 297
16.1.3.4.1 Key strengths 297
16.1.3.4.2 Strategic choices 297
16.1.3.4.3 Weaknesses and competitive threats 297
16.1.4 KUBOTA CORPORATION 298
16.1.4.1 Business overview 298
16.1.4.2 Products offered 299
16.1.4.3 Recent developments 300
16.1.4.3.1 Product launches 300
16.1.4.3.2 Expansion 301
16.1.4.4 MnM view 302
16.1.4.4.1 Key strengths 302
16.1.4.4.2 Strategic choices 302
16.1.4.4.3 Weaknesses and competitive threats 302
16.1.5 J C BAMFORD EXCAVATORS LTD. 303
16.1.5.1 Business overview 303
16.1.5.2 Products offered 304
16.1.5.3 Recent developments 304
16.1.5.3.1 Product launches 304
16.1.5.3.2 Deals 305
16.1.5.3.3 Expansion 305
16.1.5.3.4 Other developments 305
16.1.5.4 MnM view 306
16.1.5.4.1 Key strengths 306
16.1.5.4.2 Strategic choices 306
16.1.5.4.3 Weaknesses and competitive threats 306
16.1.6 KOMATSU LTD. 307
16.1.6.1 Business overview 307
16.1.6.2 Products offered 308
16.1.6.3 Recent developments 309
16.1.6.3.1 Product launches 309
16.1.6.3.2 Deals 310
16.1.6.3.3 Expansion 310
16.1.7 DEERE & COMPANY 311
16.1.7.1 Business overview 311
16.1.7.2 Products offered 312
16.1.7.3 Recent developments 313
16.1.7.3.1 Product launches 313
16.1.7.3.2 Deals 315
16.1.8 HITACHI CONSTRUCTION MACHINERY CO., LTD. 316
16.1.8.1 Business overview 316
16.1.8.2 Products offered 317
16.1.8.3 Recent developments 318
16.1.8.3.1 Product launches 318
16.1.8.3.2 Deals 318
16.1.8.3.3 Expansion 319
16.1.9 AB VOLVO 320
16.1.9.1 Business overview 320
16.1.9.2 Products offered 321
16.1.9.3 Recent developments 322
16.1.9.3.1 Product launches 322
16.1.9.3.2 Deals 322
16.1.9.3.3 Expansion 323
16.1.10 SANY GROUP 324
16.1.10.1 Business overview 324
16.1.10.2 Products offered 325
16.1.10.3 Recent developments 326
16.1.10.3.1 Product launches 326
16.1.10.3.2 Deals 326
16.1.10.3.3 Expansion 327
16.1.11 XCMG GROUP 328
16.1.11.1 Business overview 328
16.1.11.2 Products offered 329
16.1.11.3 Recent developments 329
16.1.11.3.1 Product launches 329
16.1.11.3.2 Deals 330
16.1.11.3.3 Expansion 330
16.1.12 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD. 331
16.1.12.1 Business overview 331
16.1.12.2 Products offered 332
16.1.13 KOBELCO CONSTRUCTION MACHINERY CO., LTD. 333
16.1.13.1 Business overview 333
16.1.13.2 Products offered 333
16.1.13.3 Recent developments 334
16.1.13.3.1 Deals 334
16.1.13.3.2 Expansion 334
16.1.13.3.3 Other developments 334
16.1.14 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD. 335
16.1.14.1 Business overview 335
16.1.14.2 Products offered 336
16.1.14.3 Recent developments 336
16.1.14.3.1 Product launches 336
16.1.14.3.2 Expansion 337
16.1.15 YANMAR HOLDINGS CO., LTD. 338
16.1.15.1 Business overview 338
16.1.15.2 Products offered 339
16.1.15.3 Recent developments 339
16.1.15.3.1 Product launches 339
16.1.15.3.2 Deals 339
16.1.15.3.3 Expansion 340
16.1.15.3.4 Other developments 340
16.1.16 SUMITOMO CONSTRUCTION MACHINERY CO., LTD. 341
16.1.16.1 Business overview 341
16.1.16.2 Products offered 341
16.2 OTHER PLAYERS 342
16.2.1 WACKER NEUSON SE 342
16.2.2 LIUGONG MACHINERY CO., LTD. 343
16.2.3 ESCORTS KUBOTA LIMITED 344
16.2.4 MANITOU GROUP 345
16.2.5 LIEBHERR 346
16.2.6 AMMANN GROUP 347
16.2.7 SHANTUI CONSTRUCTION MACHINERY CO., LTD 348
16.2.8 GEHL 349
16.2.9 THE CHARLES MACHINE WORKS, INC. 350
16.2.10 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD. 350
17 RECOMMENDATIONS BY MARKETSANDMARKETS 351
17.1 MARKET FOR COMPACT CONSTRUCTION EQUIPMENT WITH ADVANCED TECHNOLOGY AND TELEMATIC SOLUTIONS TO GROW IN NORTH AMERICA 351
17.2 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET TO GROW AT SIGNIFICANT RATE DURING FORECAST PERIOD 352
17.3 CONCLUSION 352
18 APPENDIX 353
18.1 INSIGHTS FROM INDUSTRY EXPERTS 353
18.2 DISCUSSION GUIDE 354
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 356
18.4 CUSTOMIZATION OPTIONS 358
18.4.1 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 358
18.4.2 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 358
18.5 RELATED REPORTS 359
18.6 AUTHOR DETAILS 360



List of Figures


FIGURE 1 RESEARCH DESIGN 38
FIGURE 2 RESEARCH METHODOLOGY MODEL 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS 41
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 42
FIGURE 5 BOTTOM-UP APPROACH: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, COUNTRY, AND REGION 43
FIGURE 6 TOP-DOWN APPROACH: COMPACT CONSTRUCTION EQUIPMENT MARKET BY FUNCTION, PROPULSION TYPE, POWER OUTPUT, AND ENGINE CAPACITY 44
FIGURE 7 DATA TRIANGULATION 45
FIGURE 8 FACTORS IMPACTING MARKET 46
FIGURE 9 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS 46
FIGURE 10 COMPACT CONSTRUCTION EQUIPMENT MARKET OVERVIEW 49
FIGURE 11 COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025 VS. 2032 (USD MILLION) 50
FIGURE 12 COMPACT CONSTRUCTION EQUIPMENT SALES, BY EQUIPMENT TYPE 2021–2024 (%) 51
FIGURE 13 INCREASED INVESTMENTS IN RESIDENTIAL AND COMMERCIAL SECTORS
TO DRIVE MARKET 53
FIGURE 14 MINI EXCAVATORS SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 54
FIGURE 15 DIESEL SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE DURING
FORECAST PERIOD 54
FIGURE 16 LOADING SEGMENT TO SURPASS OTHER SEGMENTS IN TERMS OF MARKET SHARE DURING FORECAST PERIOD 55
FIGURE 17 2–3.5 L SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2025 55
FIGURE 18 61–100 HP TO BE DOMINANT SEGMENT DURING FORECAST PERIOD 56
FIGURE 19 ELECTRIC LOADERS TO BE DOMINANT SEGMENT DURING FORECAST PERIOD 56
FIGURE 20 ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 57
FIGURE 21 LITHIUM IRON PHOSPHATE (LFP) SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD 57
FIGURE 22 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 23 COMPACT CONSTRUCTION EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
FIGURE 24 INVESTMENT & FUNDING SCENARIO, 2020–2024 (USD BILLION) 68
FIGURE 25 TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
FIGURE 26 AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE 2022–2024 (USD THOUSAND PER UNIT) 70
FIGURE 27 AVERAGE SELLING PRICE TREND, BY REGION 2022–2024 (USD THOUSAND PER UNIT) 71
FIGURE 28 CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM 72
FIGURE 29 OFF-HIGHWAY VEHICLE MARKET ECOSYSTEM 72
FIGURE 30 SUPPLY CHAIN ANALYSIS 74
FIGURE 31 PATENT ANALYSIS, 2013–2024 76
FIGURE 32 OFF-HIGHWAY MACHINERY REGULATIONS, BY COUNTRY, 2019–2030 85
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PROPULSION TYPE 94
FIGURE 34 KEY BUYING CRITERIA FOR PROPULSION TYPES 95
FIGURE 35 BATTERY CAPACITIES OF ELECTRIC COMPACT CONSTRUCTION
EQUIPMENT TYPES, BY OEM, 2024 96
FIGURE 36 BACKHOE LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024 97
FIGURE 37 COMPACT TRACK LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024 98
FIGURE 38 SKID STEER LOADERS: ENGINE CAPACITY VS. POWER OUTPUT, 2024 99
FIGURE 39 COMPACT CONSTRUCTION EQUIPMENT MARKET BY ENGINE CAPACITY, 2025 VS. 2032 (USD MILLION) 106
FIGURE 40 COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION) 115
FIGURE 41 COMPACT CONSTRUCTION EQUIPMENT MARKET BY FUNCTION, 2025 VS. 2032 (USD MILLION) 134
FIGURE 42 COMPACT CONSTRUCTION EQUIPMENT MARKET BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION) 144
FIGURE 43 COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2025 VS. 2032 (USD MILLION) 152
FIGURE 44 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2025 VS. 2032 (USD MILLION) 161
FIGURE 45 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION) 162
FIGURE 46 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY BATTERY CHEMISTRY, 2025 VS. 2032 (USD MILLION) 173
FIGURE 47 COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025 VS. 2032 (USD MILLION) 182
FIGURE 48 ASIA: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 185
FIGURE 49 ASIA: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD) 185
FIGURE 50 ASIA: INFLATION RATE AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026 186
FIGURE 51 ASIA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP 2024 (USD TRILLION) 186
FIGURE 52 ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 187
FIGURE 53 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 201
FIGURE 54 EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD) 201
FIGURE 55 EUROPE: INFLATION RATE AVERAGE CONSUMER PRICES BY COUNTRY, 2024–2026 202
FIGURE 56 EUROPE: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP 2024 (USD TRILLION) 202
FIGURE 57 EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025 VS. 2032 (USD MILLION) 203
FIGURE 58 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2023–2026 220
FIGURE 59 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2023–2026 (USD) 220
FIGURE 60 NORTH AMERICA: INFLATION RATE AVERAGE CONSUMER PRICES BY COUNTRY, 2023–2026 221
FIGURE 61 NORTH AMERICA: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP 2024 (USD TRILLION) 221
?
FIGURE 62 NORTH AMERICA: COMPACT CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 222
FIGURE 63 MIDDLE EAST: REAL GDP GROWTH RATE, 2024–2026 231
FIGURE 64 MIDDLE EAST: GDP PER CAPITA, BY COUNTRY, 2024–2026 (USD) 232
FIGURE 65 MIDDLE EAST: INFLATION RATE AVERAGE CONSUMER PRICES BY COUNTRY, 2024–2026 232
FIGURE 66 MIDDLE EAST: MANUFACTURING INDUSTRY’S CONTRIBUTION TO GDP 2024 (USD TRILLION) 233
FIGURE 67 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY/REGION 2025 VS. 2032 (USD MILLION) 233
FIGURE 68 REST OF THE WORLD: REAL GDP GROWTH RATE, 2024–2026 245
FIGURE 69 REST OF THE WORLD: GDP PER CAPITA, 2024–2026 (USD) 245
FIGURE 70 REST OF THE WORLD: INFLATION RATE AVERAGE CONSUMER PRICES BY COUNTRY, 2024–2026 246
FIGURE 71 REST OF THE WORLD: MANUFACTURING INDUSTRY’S CONTRIBUTION
TO GDP, 2024 (USD TRILLION) 246
FIGURE 72 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025 VS. 2032 (USD MILLION) 247
FIGURE 73 MARKET SHARE OF KEY PLAYERS, 2024 260
FIGURE 74 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019–2023 (USD BILLION) 262
FIGURE 75 COMPACT CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2024 264
FIGURE 76 COMPANY FOOTPRINT 265
FIGURE 77 VALUATION OF PROMINENT PLAYERS, 2024 (USD BILLION) 270
FIGURE 78 EV/EBITDA OF PROMINENT PLAYERS 270
FIGURE 79 BRAND/PRODUCT COMPARISON 271
FIGURE 80 DOOSAN BOBCAT: COMPANY SNAPSHOT 283
FIGURE 81 CATERPILLAR: COMPANY SNAPSHOT 288
FIGURE 82 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT 294
FIGURE 83 KUBOTA CORPORATION: COMPANY SNAPSHOT 299
FIGURE 84 KOMATSU LTD.: COMPANY SNAPSHOT 308
FIGURE 85 DEERE & COMPANY: COMPANY SNAPSHOT 312
FIGURE 86 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT 317
FIGURE 87 AB VOLVO: COMPANY SNAPSHOT 321
FIGURE 88 SANY GROUP: COMPANY SNAPSHOT 325
FIGURE 89 XCMG GROUP: COMPANY SNAPSHOT 328
FIGURE 90 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.:
COMPANY SNAPSHOT 331
FIGURE 91 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY SNAPSHOT 335
FIGURE 92 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT 338

List of Tables


TABLE 1 USD EXCHANGE RATES, 2019–2023 36
TABLE 2 DIGITAL SERVICES OFFERED BY CONSTRUCTION EQUIPMENT OEMS 63
TABLE 3 AVERAGE SELLING PRICE TREND, BY EQUIPMENT TYPE 2022–2024 (USD THOUSAND PER UNIT) 70
TABLE 4 AVERAGE SELLING PRICE TREND, BY REGION 2022–2024 (USD THOUSAND PER UNIT) 71
TABLE 5 CONSTRUCTION EQUIPMENT MARKET: ROLE OF COMPANIES IN ECOSYSTEM 73
TABLE 6 PATENTS PUBLISHED, 2022–2024 77
TABLE 7 US: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND) 81
TABLE 8 FRANCE: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND) 81
TABLE 9 CANADA: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND) 82
TABLE 10 MEXICO: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND) 82
TABLE 11 RUSSIA: IMPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/EXPORTER, 2019–2023 (USD THOUSAND) 82
TABLE 12 UK: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND) 83
TABLE 13 US: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND) 83
TABLE 14 INDIA: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND) 84
TABLE 15 T?RKIYE: EXPORT DATA FORM HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND) 84
TABLE 16 CHINA: EXPORT DATA FOR HS CODE 842959-COMPLIANT PRODUCTS BY COUNTRY/IMPORTER, 2019–2023 (USD THOUSAND) 84
TABLE 17 US: REGULATION LIMITS FOR U.S. TIER 5 NON-ROAD EMISSION STANDARDS 86
TABLE 18 EUROPEAN UNION: STAGE V VS. VI EMISSION STANDARDS 87
TABLE 19 CHINA: IV EMISSION STANDARDS 87
TABLE 20 INDIA: CEV IV EMISSION STANDARDS 88
TABLE 21 INDIA: CEV V EMISSION STANDARDS 88
TABLE 22 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 88
TABLE 23 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 90
TABLE 24 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 91
TABLE 25 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 92
TABLE 26 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 92
TABLE 27 KEY CONFERENCES & EVENTS, 2025 93
TABLE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY PROPULSION TYPE (%) 94
TABLE 29 KEY BUYING CRITERIA FOR PROPULSION TYPES 95
TABLE 30 STRATEGIES ADOPTED BY OEMS IN COMPACT CONSTRUCTION
EQUIPMENT MARKET 100
TABLE 31 BACKHOE LOADERS (> 25 HP TO 90 HP): GLOBAL SHIPMENT, BY OEM, 2023 102
TABLE 32 TELEHANDLERS (UP TO 110 HP): GLOBAL SHIPMENT, BY OEM, 2023 103
TABLE 33 MINI EXCAVATORS (> 25 HP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023 103
TABLE 34 SKID STEER LOADERS (> 25 HP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023 104
TABLE 35 COMPACT TRACK LOADERS (UP TO 100 HP): GLOBAL SHIPMENT, BY OEM, 2023 104
TABLE 36 COMPACT CONSTRUCTION EQUIPMENT MARKET BY ENGINE CAPACITY, 2021–2024 (UNITS) 106
TABLE 37 COMPACT CONSTRUCTION EQUIPMENT MARKET BY ENGINE CAPACITY, 2025–2032 (UNITS) 107
TABLE 38 COMPACT CONSTRUCTION EQUIPMENT MARKET BY ENGINE CAPACITY, 2021–2024 (USD MILLION) 107
TABLE 39 COMPACT CONSTRUCTION EQUIPMENT MARKET BY ENGINE CAPACITY, 2025–2032 (USD MILLION) 107
TABLE 40 < 2 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 108
TABLE 41 < 2 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 108
TABLE 42 < 2 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 109
TABLE 43 < 2 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 109
TABLE 44 2–3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 110
TABLE 45 2–3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 111
TABLE 46 2–3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 111
TABLE 47 2–3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 111
TABLE 48 ABOVE 3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 112
TABLE 49 ABOVE 3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 112
TABLE 50 ABOVE 3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 113
TABLE 51 ABOVE 3.5 L: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 113
TABLE 52 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 2021–2024 (UNITS) 116
TABLE 53 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 2025–2032 (UNITS) 116
TABLE 54 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 2021–2024 (USD MILLION) 117
TABLE 55 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 2025–2032 (USD MILLION) 117
TABLE 56 BACKHOE LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 118
TABLE 57 BACKHOE LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 118
TABLE 58 BACKHOE LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 119
TABLE 59 BACKHOE LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 119
TABLE 60 COMPACT TRACK LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 120
TABLE 61 COMPACT TRACK LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 120
TABLE 62 COMPACT TRACK LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 121
TABLE 63 COMPACT TRACK LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 121
TABLE 64 MINI EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 122
TABLE 65 MINI EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 122
TABLE 66 MINI EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 123
TABLE 67 MINI EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 123
TABLE 68 SKID STEER LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 124
TABLE 69 SKID STEER LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 124
TABLE 70 SKID STEER LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 124
TABLE 71 SKID STEER LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 125
TABLE 72 WHEELED EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 125
TABLE 73 WHEELED EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 126
TABLE 74 WHEELED EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 126
TABLE 75 WHEELED EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 126
TABLE 76 WHEELED LOADERS < 80 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 127
TABLE 77 WHEELED LOADERS < 80 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 127
TABLE 78 WHEELED LOADERS < 80 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 128
TABLE 79 WHEELED LOADERS < 80 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 128
TABLE 80 COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 129
TABLE 81 COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 129
TABLE 82 COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 129
TABLE 83 COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 130
TABLE 84 TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 131
TABLE 85 TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 131
TABLE 86 TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 131
TABLE 87 TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 132
TABLE 88 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 2021–2024 (UNITS) 134
TABLE 89 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 2025–2032 (UNITS) 134
TABLE 90 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 2021–2024 (USD MILLION) 135
TABLE 91 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY FUNCTION 2025–2032 (USD MILLION) 135
TABLE 92 LOADING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 136
TABLE 93 LOADING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 136
TABLE 94 LOADING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 136
TABLE 95 LOADING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 137
TABLE 96 EXCAVATION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 137
TABLE 97 EXCAVATION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 138
TABLE 98 EXCAVATION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 138
TABLE 99 EXCAVATION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 138
TABLE 100 LIFTING & HOISTING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 139
TABLE 101 LIFTING & HOISTING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 139
TABLE 102 LIFTING & HOISTING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 140
TABLE 103 LIFTING & HOISTING: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 140
TABLE 104 COMPACTION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 141
TABLE 105 COMPACTION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 141
TABLE 106 COMPACTION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 141
TABLE 107 COMPACTION: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 142
TABLE 108 COMPACT CONSTRUCTION EQUIPMENT MARKET BY POWER OUTPUT, 2021–2024 (UNITS) 144
TABLE 109 COMPACT CONSTRUCTION EQUIPMENT MARKET BY POWER OUTPUT, 2025–2032 (UNITS) 144
TABLE 110 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 2021–2024 (USD MILLION) 145
TABLE 111 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 2025–2032 (USD MILLION) 145
TABLE 112 ? 30 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 146
TABLE 113 ? 30 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 146
TABLE 114 ? 30 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 146
TABLE 115 ? 30 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 147
TABLE 116 31–60 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 147
TABLE 117 31–60 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 148
TABLE 118 31–60 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 148
TABLE 119 31–60 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 148
TABLE 120 61–100 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 149
TABLE 121 61–100 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 149
TABLE 122 61–100 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 150
TABLE 123 61–100 HP: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 150
TABLE 124 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 2021–2024 (UNITS) 152
TABLE 125 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 2025–2032 (UNITS) 152
TABLE 126 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 2021–2024 (USD MILLION) 153
TABLE 127 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 2025–2032 (USD MILLION) 153
TABLE 128 DIESEL: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 154
TABLE 129 DIESEL: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 154
TABLE 130 DIESEL: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 154
TABLE 131 DIESEL: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 155
TABLE 132 CONSTRUCTION EQUIPMENT OPERATING ON CNG/LNG/RNG, BY OEM 155
TABLE 133 CNG/LNG/RNG: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 156
TABLE 134 CNG/LNG/RNG: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 156
TABLE 135 CNG/LNG/RNG: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 156
TABLE 136 CNG/LNG/RNG: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 157
TABLE 137 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MODELS, BY KEY OEM 159
TABLE 138 HYDROGEN-PROPELLED COMPACT CONSTRUCTION EQUIPMENT MODELS
UNDER DEVELOPMENT, BY KEY OEM 160
TABLE 139 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2021–2024 (UNITS) 161
TABLE 140 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2025–2032 (UNITS) 161
TABLE 141 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2021–2024 (USD MILLION) 162
TABLE 142 ELECTRIC & HYDROGEN COMPACT CONSTRUCTION EQUIPMENT MARKET BY PROPULSION TYPE, 2025–2032 (USD MILLION) 162
TABLE 143 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 163
TABLE 144 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 163
TABLE 145 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 163
TABLE 146 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 164
TABLE 147 ELECTRIC LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 164
TABLE 148 ELECTRIC LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 165
TABLE 149 ELECTRIC LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 165
TABLE 150 ELECTRIC LOADERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 165
TABLE 151 ELECTRIC EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 166
TABLE 152 ELECTRIC EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 166
TABLE 153 ELECTRIC EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 166
TABLE 154 ELECTRIC EXCAVATORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 167
TABLE 155 ELECTRIC COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 167
TABLE 156 ELECTRIC COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 168
TABLE 157 ELECTRIC COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 168
TABLE 158 ELECTRIC COMPACTORS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 168
TABLE 159 ELECTRIC TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 169
TABLE 160 ELECTRIC TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 169
TABLE 161 ELECTRIC TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 169
TABLE 162 ELECTRIC TELEHANDLERS: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 170
TABLE 163 HYDROGEN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 170
TABLE 164 HYDROGEN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 171
TABLE 165 COMPARISON BETWEEN LITHIUM IRON PHOSPHATE (LFP) AND NICKEL MANGANESE COBALT (NMC) 173
TABLE 166 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY BATTERY CHEMISTRY, 2021–2024 (UNITS) 174
TABLE 167 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY BATTERY CHEMISTRY, 2025–2032 (UNITS) 174
TABLE 168 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY BATTERY CHEMISTRY, 2021–2024 (USD MILLION) 174
TABLE 169 ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY BATTERY CHEMISTRY, 2025–2032 (USD MILLION) 175
TABLE 170 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS) 175
TABLE 171 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS) 176
TABLE 172 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION) 176
TABLE 173 LITHIUM IRON PHOSPHATE (LFP): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION) 176
TABLE 174 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS) 177
TABLE 175 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS) 177
TABLE 176 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION) 178
TABLE 177 LITHIUM NICKEL MANGANESE COBALT (NMC): ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION) 178
TABLE 178 OTHER BATTERIES: ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (UNITS) 179
TABLE 179 OTHER BATTERIES: ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (UNITS) 179
TABLE 180 OTHER BATTERIES: ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021–2024 (USD MILLION) 179
TABLE 181 OTHER BATTERIES: ELECTRIC COMPACT CONSTRUCTION EQUIPMENT MARKET BY REGION, 2025–2032 (USD MILLION) 179
TABLE 182 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS) 182
TABLE 183 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS) 183
TABLE 184 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION 2021–2024 (USD MILLION) 183
TABLE 185 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY REGION 2025–2032 (USD MILLION) 183
TABLE 186 ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2021–2024 (UNITS) 188
TABLE 187 ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025–2032 (UNITS) 188
TABLE 188 ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2021–2024 (USD MILLION) 188
TABLE 189 ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025–2032 (USD MILLION) 189
TABLE 190 CHINA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 189
TABLE 191 CHINA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 190
TABLE 192 CHINA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 190
TABLE 193 CHINA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 191
TABLE 194 INDIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 192
TABLE 195 INDIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 192
TABLE 196 INDIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 193
TABLE 197 INDIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 193
TABLE 198 JAPAN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 194
TABLE 199 JAPAN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 194
TABLE 200 JAPAN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 195
TABLE 201 JAPAN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 195
TABLE 202 INDONESIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 196
TABLE 203 INDONESIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 196
TABLE 204 INDONESIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 197
TABLE 205 INDONESIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 197
TABLE 206 REST OF ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 198
TABLE 207 REST OF ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 198
TABLE 208 REST OF ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 199
TABLE 209 REST OF ASIA: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 199
TABLE 210 EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2021–2024 (UNITS) 204
TABLE 211 EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025–2032 (UNITS) 204
TABLE 212 EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2021–2024 (USD MILLION) 204
TABLE 213 EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY COUNTRY/REGION, 2025–2032 (USD MILLION) 205
TABLE 214 GERMANY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 205
TABLE 215 GERMANY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 206
TABLE 216 GERMANY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 206
TABLE 217 GERMANY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 207
TABLE 218 UK: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 208
TABLE 219 UK: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 208
TABLE 220 UK: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 209
TABLE 221 UK: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 209
TABLE 222 FRANCE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 210
TABLE 223 FRANCE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 210
TABLE 224 FRANCE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 211
TABLE 225 FRANCE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032(USD MILLION) 211
TABLE 226 ITALY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 212
TABLE 227 ITALY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 213
TABLE 228 ITALY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 213
TABLE 229 ITALY: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 214
TABLE 230 SPAIN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 214
TABLE 231 SPAIN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 215
TABLE 232 SPAIN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 215
TABLE 233 SPAIN: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 216
TABLE 234 REST OF EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (UNITS) 217
TABLE 235 REST OF EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (UNITS) 217
TABLE 236 REST OF EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 218
TABLE 237 REST OF EUROPE: COMPACT CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 218