Construction Equipment

Construction Equipment Market Revenues to Spike Over 2021-2030 The global construction equipment market size was valued at US$ 136.3 billion in 2020.

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As per the experts, the construction equipment market is predicted to record a growth rate of 5.9% from 2021-2030 and is projected to reach US$ 234.6 billion by 2030.

The study provides the overall revenue of the global construction equipment market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The construction equipment is used extensively in the construction of roads, highways, commercial buildings, residential buildings, excavating, digging, and many more activities. The construction equipment market is primarily driven by rising government investments in building infrastructure, rapid urbanization, and rapid industrialization. The increased demand for the latest and advanced construction equipment that are eco-friendly, fuel-efficient, and offers improved productivity at less cost, is driving the growth of the global construction equipment market.

The rising demand for the construction equipment rental services is a trending factor. The increased rate of urbanization and industrialization in the developing economies is expected to drive the growth of the construction equipment rental industry, which in turn will drive the demand for the construction equipment across the globe. The various developmental strategies like new product launches with latest and innovative features fosters market growth and offers lucrative growth opportunities to the market players.

The global construction equipment market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the construction equipment industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Crucial factors accountable for market growth are:

  • Rising government expenditure on the development of infrastructure
  • Introduction of IoT and ICT in the construction equipment
  • Rapid urbanization and industrialization
  • Rising number of construction of commercial spaces in developed and developing nations
  • Development of eco-friendly and battery operated construction equipment
  • Extensive usage of excavators for digging
  • Rising number of residential complexes in developing regions

Report Highlights

  • Based on the equipment type, the earthmoving segment dominated the market owing to the extensive use of excavators for digging the complex places during the construction. Further the rapid investment in the development of commercial and industrial spaces is expected to further drive the growth of this segment.
  • Based on the application, the industrial segment is expected to be the fastest-growing segment during the forecast period. This is attributable to the rapid industrialization in developing nation and increased government initiatives and policies to drive the industrial development in the country.

Report Scope of the Construction Equipment Market

Report Coverage Details
Market Size in 2020 USD 136.3 Billion
Growth Rate From 2021 to 2030 CAGR of 5.9%
Base Year 2021
Segments Covered Application Type, Equipment Type, Regional Type
Companies Mentioned Hitachi Construction Machinery, Caterpillar Inc., Komatsu, Liebherr, Bamford Excavators Ltd., Volvo Construction Equipment, Doosan Infracore Co. Ltd., J.C. CNH Industrial NV, SANY Group, Hyundai Construction Equipment Co.

Regional Snapshots

Asia Pacific dominated the global construction equipment market in 2020. This is attributed to the increased government expenditure on infrastructural development and increased rate of urbanization. According to the Asian Development Bank, Asia is rapidly being urbanized as compared to rest of the world. East Asia is developing (Urbanizing) at a CAGR of 3.7%, followed by South-East Asia at 3.6%, South Asia at 3.3%, and Central Asia at1.6%. The Pacific region is urbanizing at a CAGR of 2.9%. Further, the recent announcement of Indian government to invest INR 15 trillion for the development of highways in the country is a mere example of government expenditure and contribution towards the growth of the construction equipment industry.

On the other hand, Europe is expected to be the fastest-growing market during the forecast period. Europe has an increased demand for the construction of residential units, commercial space, and skyscraper buildings that is expected to fuel the demand for the construction equipment. Further, the latest technological advancements in the construction equipment is expected to drive the adoption of the equipment in the European market during the forecast period.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global construction equipment market are as follows:

  • Caterpillar Inc.
  • Komatsu
  • Hitachi Construction Machinery
  • Liebherr
  • Volvo Construction Equipment
  • Doosan Infracore Co. Ltd.
  • J.C. Bamford Excavators Ltd.
  • CNH Industrial NV
  • SANY Group
  • Hyundai Construction Equipment Co.

Segments Covered in the Report

By Equipment Type

  • Earthmoving
  • Material Handling
  • Concrete
  • Road Building
  • Civil Engineering
  • Crushing & Screening
  • Others

By Application

  • Commercial
  • Residential
  • Industrial

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the construction equipment market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global construction equipment market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for construction equipment are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

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. COVID 19 Impact on Construction Equipment Market 

5.1. COVID-19 Landscape: Construction Equipment Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Construction Equipment Market, By Equipment

8.1. Construction Equipment Market, by Equipment Type, 2021-2030

8.1.1. Equipment Offering

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Material Handling

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Concrete

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Road Building

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Civil Engineering

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Crushing & Screening

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Construction Equipment Market, By Application

9.1. Construction Equipment Market, by Application, 2021-2030

9.1.1. Commercial

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Residential

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Construction Equipment Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. Caterpillar Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Komatsu

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Hitachi Construction Machinery

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Liebherr

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Volvo Construction Equipment

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Doosan Infracore Co. Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. J.C. Bamford Excavators Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. CNH Industrial NV

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. SANY Group

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Hyundai Construction Equipment Co.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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