The global market of mini excavators is expected to reach 10.4 billion in 2023-2028. Their demand is increasing in the market because these are versatile and easy to operate.
Chinese diggers are especially getting famous throughout the world because of their high quality and cost-effectiveness. Their affordable prices are making them famous in Europe and Asia.
But, exactly how much does a mini excavator cost in 2023? The cheapest price corresponding to 1 ton to 3.5 tons is US$3,800 to US$15,500.
Well, the prices can vary depending on different factors such as size, attachments, brand awareness and other factors.
Let’s discuss the price ranges of different mini excavator brands along with the factors affecting their prices.
New Mini Excavator Cost:
Mini excavator prices vary based on the size, and the machine’s ability to dig deep. Also, it varies according to horsepower and attachments. The mini excavator prices range from $20,000 to $90,000, and mostly they fall from $30,000 to $40,000.
- In the $25,000 range, you can buy a mini excavator whose dig depth is around 5 to 7 feet, and whose horsepower is in the 10 to 20 range.
- In the $30,000 to $40,000 range, you can buy a micro excavator that can dig between 8 to 10 feet, and has twenty to thirty horsepower.
- In the $60,000 range, the machine’s dig depth will be 12 feet or more, and horsepower will be 40 plus.
Mostly, one standard bucket will come with your mini excavator. But, if you want additional buckets, then you have to spend $1000 on them too. For augers and thumbs, you have to pay around $5000 to $10000.
Used Mini Excavator Cost:
If a person is unable to afford a new mini excavator, they can go for used or second-hand mini excavators for their projects.
These second-hand mini excavators are cost-effective and can work as well as new ones. Though they don’t have much efficiency and lifetime as a new mini digger, they are still an excellent choice to buy.
The prices of these mini excavators also vary according to the size, horsepower, digging capabilities and brand. Their prices mostly range between $15,000 to $35,000.
- $20,000 to $25,000 mini excavator will have a horsepower range of less than 20 horsepower and can dig less than 10 feet.
- A Chinese digger around $35,000 will have 25 plus horsepower and 10 to 12 feet digging capacity.
The mini excavator prices can also range depending on the condition and age of it. If the micro excavator is in good condition, it will cost high, and if it is in bad condition, it will cost low.
Mini Excavator Renting Cost:
The rental cost of a mini excavator can vary from dealer to dealer, and depends on the condition of the Chinese digger.
- Daily rates of mini excavators generally range from $250 to $750.
- Weekly rates range from $1250 to $3500.
- Monthly rates can fall from $3000 to $6000.
It means you must decide for how long you want a mini excavator before renting it. Hiring it on monthly rates is better than weekly, and hiring weekly is better than daily. It will save you money, so think wisely before renting.
Micro Excavator Leasing Cost:
The lease cost can vary from $600 to $1200 per month, and it depends on the type and size of the micro digger. Models with great horsepower will have more lease rate.
The lease payments are spread out over some months such as 12 to 60 months. You can also include the option of buying in lease agreements.
These are the general price range of mini diggers. Now, let’s discuss the specific price range of different brands.
Specific Price Ranges of Different Brands:
Different Chinese digger manufacturers are famous and supplying quality mini diggers in the market.
Let’s see what their price ranges are for specific brands.
It is the best brand that produces high-quality machinery and can create 24 different models of hydraulic mini excavators. 308E2 is their hot-selling machinery. Their price ranges from $87,900 to $94,900.
John Deere offers G-Series that offers features like auto-shutdown, reduced tail swing etc. They have 12 feet of digging capability and will reach 20 feet. Their hot-selling mini trackhoe model is 30G. Their cost varies from $52,000-$55,000.
These mini diggers are best to use on small farms. Their hot selling is KX040-4 price range from $50,000 to $80,000.
Yanmar machinery is popular because they are cost-effective and have high qualities that make them stand out. Vi035 is their popular mini digger whose price ranges from $45,000 to $55,000.
Bobcat has 11 models of small-sized mini excavators that are versatile and can fit in tight spots. Their E26 model is famous and costs around 40,000.
Takeuchi has 14 models and these all models are popular and have high-quality machinery. TB215R is the best-selling product that costs around $20,597.
It is a renowned construction company whose excavators are fuel efficient and auto-idle. DX35Z-7 is their best-selling compact excavator which is famous because of its rounded shape and zero tail swing design. It costs around $59,000.
- SANY:
It is one of the top mini excavator brands in China which is famous due to its multipurpose equipment. Their hot-selling excavator is SA50Y whose price is around $59,000.
HIXEN is one of the leading Chinese mini excavator manufacturers that manufacture a variety of machinery that ranges from zero tail mini excavators to backhoe excavators and midi excavators. They have high-quality services and affordable machinery for customers. Their cheapest mini excavator is HX08 whose weight is 800 kg, and the price range is $2,600. Their hot-selling excavator is HT20 whose price is around $10,600. You can contact them for more details about their prices.
Factors that Affect Mini Excavator Costs:
Numerous factors impact the mini excavator prices. Let’s have a look at them.
Fuel Cost:
Consumption of fuel and contingent horsepower plays a major role in deciding mini excavator prices. So, you should check the fuel trends.
If the cost of fuel is high in your area, you should go for fuel-efficient options. To calculate the cost of fuel, you need to multiply the excavator’s consumption rate by the gallon cost. This cost will impact the cost of maintenance on your micro digger.
Brand Awareness:
The bigger the brand, the bigger the price will be. Renowned brands have more mini excavator prices than those whom you have never heard.
It is because the renowned brands are providing quality mini excavators which have high-quality engines and features that will make your work easy.
Frequency of Maintenance and Repair:
The frequency of maintenance and repair also determines the mini excavator cost. If a machine doesn’t need frequent repairs and maintenance, its cost will be high. But if the machine needs frequent maintenance and repair, its cost will be low.
Attachments:
Attachments with micro excavators also determine their prices. A standard-size bucket will be part of a mini excavator, but if you will need different types of buckets or if you need augers or other attachments, costs will start varying.
So, you have to choose the attachments wisely if you are tight on budget.
New Features:
With technological advancement, new features have been introduced which have made micro excavators hugely reliable. Though they have become reliable, their cost has also increased.
Engine, hydraulic power system, advanced attachments and features impact the prices. For example, newer brands have to expand tracks that allow machines to fit through small gates. Zero tail mini excavator is also a piece of reliable machinery that will not knock off things in tight places.
The power of the engine also impacts the price of mini excavators.
Ownership Cost:
Ownership costs of micro diggers also impact the cost you have to spend on the machinery.
If you choose to buy a mini excavator on loan, then you should consider the instalments and interest rates. If your credit score is not very reliable, you will get the machinery at a high-interest rate, and if it is reliable, your interest rate will be low.
A lot of sellers also give the option that you can rent a mini excavator for a month and then go for buying it. Though it is reliable that you can do the test run, it can cost you a bit more than usual.
You should also include delivery charges and set up prices too. If you are importing Chinese diggers, you have to invest a bit more money in paying taxes and preparing documents.
Wrap Up:
Chinese diggers’ prices vary largely depending on different factors. You should consider your budget, and your requirements and then decide whether you want to buy a new one or a used one, or do you need to rent one.
If you have more questions or want to buy an affordable mini excavator, you can contact us.
