Mini Excavators Market Report 2026

The mini excavators market size has grown steadily in recent years. It will grow from $8.58 billion in 2025 to $8.98 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growth in small scale construction activities, expansion of urban infrastructure projects, rising use of compact machinery in agriculture, increased demand for easy to operate equipment, growth of rental equipment services.

The mini excavators market size is expected to see strong growth in the next few years. It will grow to $11.08 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to expansion of smart city development projects, rising demand for electric and low emission mini excavators, increasing infrastructure spending in emerging economies, growth in landscaping and utility maintenance activities, technological improvements in hydraulic systems. Major trends in the forecast period include compact equipment demand for urban construction, rising adoption of multi attachment mini excavators, increased use in landscaping and utility projects, growing preference for low ground impact machines, improved operator comfort and ease of control.

The increasing level of construction activities is anticipated to drive the growth of the mini excavator market in the coming years. Construction activities involve utilizing advanced techniques, materials, and technologies for building structures, infrastructure, and other projects. Mini excavators are particularly useful for removing debris from construction sites and for working on sensitive surfaces or in confined spaces where larger excavators cannot operate. For example, in June 2024, TST Europe AG, a Switzerland-based manufacturer and supplier of quick coupling systems, reported that the U.S. construction sector reached a market size of approximately $1.98 trillion in 2023, indicating a positive growth trend from the previous year. The projected revenue for the construction industry in 2024 is estimated to be around $12.3 billion. Thus, the rise in construction activities is propelling the growth of the mini excavator market.

Leading companies in the mini excavator market prioritize innovative product development, exemplified by stage V-compliant mini excavators. These machines meet the latest emissions standards set by the EU, presenting powerful, compact solutions. For instance, DEVELON's August 2023 release of the DX27Z-7M 2.8-ton Stage V-compliant mini-excavator highlights its compliance with emissions regulations alongside enhanced stability through newly developed cast counterweights. Moreover, the inclusion of the DEVELON Fleet Management system provides crucial operational insights regarding location, running hours, and fuel consumption, showcasing the industry's pursuit of innovation to stay competitive.

In September 2024, Hitachi Construction Machinery, a Japan-based construction equipment manufacturer, announced a partnership with Dimaag-AI to develop and manufacture a 1.7-ton class electrified compact hydraulic excavator. The collaboration aims to deliver a leading zero-emission mini excavator, addressing the increasing demand for sustainable and environmentally friendly construction equipment. Dimaag-AI, a US-based technology company, specializes in AI solutions for automation and electrification.

Major companies operating in the mini excavators market are AB Volvo, Caterpillar Inc., Hitachi Ltd., Deere & Company, Hyundai Construction Equipment Co. Ltd., J C Bamford Excavators Ltd., Kobe Steel Ltd., Komatsu Ltd., Takeuchi Mfg. Co. Ltd., Doosan Infracore Co. Ltd., Cukurova Ziraat Endustri Ve Ticaret A S, Bobcat Company, Bharat Earth Movers Limited, Terex Corp., Guangxi LiuGong Machinery Co. Ltd., Kubota Corporation, Yanmar Holdings Co. Ltd., Kobelco Construction Machinery Co. Ltd., Sany Group, Wacker Neuson SE, Liebherr Group, XCMG Group, LiuGong Machinery Corp., CNH Industrial N.V., Manitou Group, KATO Works Co. Ltd., IHI Corporation, Sunward Intelligent Equipment Co.Ltd., New Holland.

Asia-Pacific was the largest region in the mini excavator market in 2025. Western Europe is expected to be the fastest-growing region in the global mini excavator market during the forecast period. The regions covered in the mini excavators market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mini excavators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mini excavators market consists of sales of tail swing excavators and zero-tail swing excavators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.