HD Hyundai Construction Equipment has launched a new lineup of mini excavators, poised to bolster its market presence with enhanced product competitiveness and supply capabilities.
The company announced that it hosted the “Global Launching Ceremony for 7 New Mini Excavators” at its Ulsan Campus. Attended by 200 individuals from 15 countries including expatriate employees, dealers, and representatives of partner companies, the ceremony served as a platform for the global unveiling of the latest product offerings.
Consisting of 7 types of vehicles (1.7-ton, 1.9-ton, 3-ton, 3.5-ton, 4-ton, 4.8-ton, and 5.5-ton), HD Hyundai Construction Equipment’s full lineup of new mini excavators was designed to enable the company to respond to diverse customer needs. The new products boast of premium specifications and performance capabilities to comply with the STAGE V regulation, the European standard on greenhouse gas emissions.
The demand for mini excavators is on a consistent rise each year, thanks to their versatility in various environments such as urban areas, farms, and rural homes. According to Off-Highway Research, a UK-based research agency specializing in the global construction equipment market, the demand for mini excavators is expected to continue its upward trajectory, surpassing the KRW 18 trillion mark by 2027.
“We have successfully increased our production capacity of mini excavators by over 40%, from 7,000 to 10,000 vehicles per year,” said President Choi Cheol-gon of HD Hyundai Construction Equipment. “Moving forward, we are committed to enhancing our product competitiveness to maintain a technological edge over our rivals in the mini excavator market.”