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Construction Equipment Market Size, Share, Price, Demand, Forecast 2021-2030

According to Precedence Research, The Construction Equipment market size garnered US$ 8 billion in 2021 and is expected to generate US$ 7 billion by 2030, manifesting a CAGR of 5.4% from 2021 to 2030.  The report contains 150+ pages with detailed analysis.

Construction Equipment Market Size 2021 to 2030

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The Construction Equipment market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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.

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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.

Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the major players in the global Construction Equipment market include:

Construction Equipment Market Scope

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

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:

Construction Equipment Report Highlights

Construction Equipment Market Dynamics

Driver – The global construction equipment market is driven by the growth of the building and construction industry. The rapid industrialization and rapid urbanization in the underdeveloped and developing countries is expected to foster the growth of the market. Moreover, latest technological advancement in the construction equipment helps to save cost and improve operational efficiency. This factor is anticipated to drive the growth of the market during the forecast period.

Restraints – Environmental imbalance owing to the extensive use of the construction equipment may hamper the growth of the market. The construction equipment is a source of ozone emission that hampers the air quality. The rising government restrictions to reduce carbon footprint may hamper the growth of the market in the forthcoming years.

Opportunities – The rising popularity of the construction equipment rental services is the latest trend in the market. The rental services allows the builders to keep enough working capital in hands that can be utilized efficiently in the daily operations. The rising urbanization in the developing nations like India and China is expected to foster the rental services in the upcoming future.

Challenges – The rising government initiatives and strict regulation regarding CO2 emissions is a major challenge that needs to be tackled. For instance, The European Commission has the toughest regulations regarding the emission standards that strictly need to be followed by the construct equipment users.

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.

Construction Equipment Market Segments Covered

By Equipment Type

By Application

By Geography

Research Objective

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.

Why Buy this Report?

The purpose of Precedence Research’s Construction Equipment market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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