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.
Principal Consultant
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.
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.
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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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Compact Utility Vehicles Market
