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Construction Equipment Market Trends, Revenue and Regional Outlook 2022 to 2030

Recent Research Study on “Construction Equipment Market (By Product: Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030″.

The global construction equipment market size was valued at USD 112.90 billion in 2021, and is predicted to be worth around USD 160.90 billion by 2030, registering a CAGR of 3.8% during the forecast period 2022 to 2030.

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Growth Factors

Increasing investments by governments worldwide for developing public infrastructure is one of the prime factors that is expected to drive the market growth over the forecast period. Furthermore, the growing population in emerging economies such as India has resulted in increased residential and commercial construction activities, a trend that is expected to continue to increase the demand for construction equipment. Thus, the market is anticipated to grow steadily over the forecast period.

The COVID-19 outbreak hampered the growth of the market, due to supply chain disruptions and temporary shutdowns of dealer stores. However, in 2021, there was a sudden increase in demand for construction equipment due to the resumption of construction activity for halted and new projects. An abrupt demand for construction and infrastructure resulting in a shortage of inventories leading to an increase in the price of the commodity of base materials are expected to hinder the growth of the market over the forecast period.

The rising popularity of electric construction equipment is expected to create new revenue streams for the OEMs over the next few years. These equipment are operated on batteries and offer various attributes such as lower maintenance, reduced noise, lesser vibration and provides greater convenience for laborers to operate on the field. They are currently at the nascent stage and are expected to gain momentum over the forecast period.

Increasing construction spending worldwide is one of the long-term factors expected to drive sales in the market over the forecast period. The U.S. has witnessed significant growth in construction spending over the last few years. Similarly, in Europe, upcoming multi-family housing construction projects commenced in Q3 2021 which includes Milanosesto Mixed-Use Complex (Italy), ZAC Campus Grand Parc Mixed-Use Development (France), Viadux Mixed-Use Community (U.K.), Camden Goods Yard Mixed-Use Community (U.K.), and Sackville Road Residential Community (U.K) are also expected to drive the market growth.

The growing population in Asia Pacific countries, notably China, India, and South Asian countries is creating the need for better infrastructure such as houses, schools, hospitals, stadiums, government buildings, and airports. Also, the demand for construction equipment is increasing from the residential construction sector owing to lower housing rates and rapid urbanization in China and India.

Report Coverage

Report Scope Details
Market Size US$ 160.90 billion by 2030
Growth Rate CAGR of 3.8% From 2022 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Caterpillar; CNH Industrial N.V.; Doosan Corporation; Escorts Limited; Hitachi Construction Machinery Co., Ltd.; Hyundai Construction Equipment Co., Ltd.; J C Bamford Excavators Ltd.; Deere & Company.; Kobelco Construction Machinery Co., Ltd.; Komatsu Ltd.; Liebherr-International AG; Manitou BF; HİDROMEK; Sany Heavy Industry Co., Ltd.; Sumitomo Heavy Industries, Ltd.; Terex Corporation; Volvo AB; Zoomlion Heavy Industry Science; Technology Co., Ltd

By Product Analysis

The earthmoving machinery segment dominated the market with a revenue share of over 60% in 2021. The excavators sub-segment is projected to expand at a moderate CAGR during the forecast period on account of the booming infrastructure projects worldwide and the adoption of conventional heavy-duty excavators by builders and contractors for building dams and highways.

A surge in need to maintain existing civil infrastructures, notably high-rise buildings is expected to raise the demand for material handling machinery globally. The crawler cranes segment is expected to register 5.8% CAGR over the forecast period owing to its compactness and ease of accessibility in small construction sites, especially in urban areas.

By Regional Analysis

Asia Pacific accounted for the largest revenue share of over 40% in 2021 and is expected to register a CAGR of over 4.0% from 2022 to 2030. The market growth is primarily ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries.

Asia Pacific accounted for the largest revenue share of over 40% in 2021 and is expected to register a CAGR of over 4.0% from 2022 to 2030. The market growth is primarily ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries.

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Key Players

  • Caterpillar
  • CNH Industrial N.V.
  • Doosan Corporation
  • Escorts Limited
  • Hitachi Construction Machinery Co., Ltd.
  • Hyundai Construction Equipment Co., Ltd.
  • J C Bamford Excavators Ltd.
  • Deere & Company.
  • Kobelco Construction Machinery Co., Ltd.
  • Komatsu Ltd.
  • Liebherr-International AG
  • Manitou BF
  • Sany Heavy Industry Co., Ltd.
  • Sumitomo Heavy Industries, Ltd.
  • Terex Corporation
  • Volvo AB
  • Zoomlion Heavy Industry Science and Technology Co., Ltd

Market Segmentation

  • By Product
    • Earth Moving Machinery
      • Excavator
      • Loader
      • Others
    • Material Handling Machinery
      • Crawler Cranes
      • Trailer Mounted Cranes
      • Truck Mounted Cranes
    • Concrete and Road Construction Machinery
      • Concrete Mixer & Pavers
      • Construction Pumps
      • Others
  • Region
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa

In this study, the years considered to estimate the market size of construction equipment are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Construction Equipment Market, By Product

7.1.  Construction Equipment Market, by Product, 2021-2030

7.1.1.    Earth Moving Machinery        Market Revenue and Forecast (2019-2030)

7.1.2.    Material Handling Machinery        Market Revenue and Forecast (2019-2030)

7.1.3.    Concrete and Road Construction Machinery        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Construction Equipment Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Product (2019-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America        Market Revenue and Forecast, by Product (2019-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Product (2019-2030)

8.2.2.    UK        Market Revenue and Forecast, by Product (2019-2030)

8.2.3.    France        Market Revenue and Forecast, by Product (2019-2030)

8.2.4.    Rest of Europe        Market Revenue and Forecast, by Product (2019-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Product (2019-2030)

8.3.2.    India        Market Revenue and Forecast, by Product (2019-2030)

8.3.3.    China        Market Revenue and Forecast, by Product (2019-2030)

8.3.4.    Japan        Market Revenue and Forecast, by Product (2019-2030)

8.3.5.    Rest of APAC        Market Revenue and Forecast, by Product (2019-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Product (2019-2030)

8.4.2.    GCC        Market Revenue and Forecast, by Product (2019-2030)

8.4.3.    North Africa        Market Revenue and Forecast, by Product (2019-2030)

8.4.4.    South Africa        Market Revenue and Forecast, by Product (2019-2030)

8.4.5.    Rest of MEA        Market Revenue and Forecast, by Product (2019-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Product (2019-2030)

8.5.2.    Brazil        Market Revenue and Forecast, by Product (2019-2030)

8.5.3.    Rest of LATAM        Market Revenue and Forecast, by Product (2019-2030)

Chapter 9.    Company Profiles

9.1.  Caterpillar

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  CNH Industrial N.V.

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Doosan Corporation

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Escorts Limited

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Hitachi Construction Machinery Co., Ltd.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Hyundai Construction Equipment Co., Ltd.

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  J C Bamford Excavators Ltd.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Deere & Company.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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