Growth in the Mini Excavators Market, Fueling the $10.23bn Industry: a Study by Sany

Sany Australia has recently conducted a study about the most significant market trends that are emerging in Australia and New Zeland. The study showcases an high and growing demand for Mini Excavators, as major trend to the industry.

With the global market value of mini excavators projected to reach $10.23 billion in 2028, demand continues to rise. In Australia the compact construction equipment market is expected to increase at a compound annual growth rate of approximately 5.09% from 2022 to 2029.

Market trends to monitor that are driving rapid growth and impacting the mini excavator market 

The following outlines three examples of current trends that are shaping market conditions:

The Australian Government’s Infrastructure Pipeline

The Government’s Infrastructure Investment Program is a 10-year $120 billion dollar endeavour to support infrastructure services, including road, rail, City Deals, Olympic Games venues, and dams. Payments to states and territories is intended to assist social and economic development in cities and regional areas. Mini excavators are indispensable for infrastructure work. From digging foundations to land clearing, these machines make short work of all earthmoving requirements.

Growth of E-commerce industry prompts warehouse expansion projects

Australia has one of the largest e-commerce markets, with revenue reaching $50.2 billion dollars in 2022. The continued growth of this market has resulted in private corporations like NewCold and Woolworths announcing their construction of new warehouses in Sydney’s west and Moorebank Logistics Park, respectively. This rise in warehouse construction impacts the mini excavator market positively with more need for small but mighty earthmovers.

Drive to lower carbon emissions

The Australian Government’s Long-Term Emissions Reduction Plan aims for Australia to reach net zero emissions by 2050. As a result, companies are investing in hybrid or fully electric equipment to lower their carbon footprint. 

Why mini excavators? 

Aside from current market trends, another factor driving demand for mini excavators is the increasing popularity of these heavy machinery. More and more, businesses are realising the potential of these machines to revolutionise the way they work.

The unique features of mini excavators are contributing to the rapid growth of this market, including their:

  • Versatility: With a variety of available attachments, a mini excavator enables operators to easily switch between tasks without the need for multiple machines.
  • Manoeuvrability: Unlike large excavators that would struggle in narrow areas, mini excavators can effortlessly carry out earthmoving tasks in urban environments or on projects that only afford limited access, such as backyards.
  • Low operating costs: Mini excavators are a smaller upfront financial investment, require less fuel, have lower maintenance costs and reduced transportation fees compared to larger excavators.
  • Reduced risk of site damage: The superior maneuverability and much lighter footprint of a mini excavator reduces the risk of damage to gardens, pathways, or driveways.

(Source: Sany Australia)'
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