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The size of the global construction equipment market is anticipated to reach USD 337.15 billion by 2030, growing at a CAGR of 7.09% from 2023 to 2030.
The construction business is significantly impacted by the global financial market. New construction projects usually influence product demand. The public and private sectors' efforts in the creation of infrastructure are anticipated to boost demand for construction equipment as urbanisation continues to grow.
Heavy-duty vehicles and other machinery created especially to complete construction duties are referred to as construction equipment. Large-scale earthmoving activities or other building projects are typically involved in these duties. A material handler, grader, track-type, excavator, skid-steer, track loader, backhoe, paving, hydromatic tool, pipelayer, compactor, loader, and others are typical examples of these construction tools. These tools are employed in a number of processes, including drilling, hauling, excavation, paving, grading, lifting, and so forth. Any project involving the construction of a building or an infrastructure are required to have construction equipment and related supplies. Additionally, manufacturers of construction equipment work hard to stay up with the continually changing expectations of their customers as well as growing market norms, cost-cutting initiatives, and technology.
The demand for construction equipment is expected to increase as construction activity increases globally. Lower housing costs that encouraged consumers to buy new homes and supportive government programmes like stimulus packages are two key elements that are expected to boost market expansion during the forecast period. The expansion of the construction equipment market, however, is anticipated to be constrained over the next years by supply chain and inventory problems, as well as a lack of semiconductors. The market's growth has been significantly impacted by the increasing importance placed on construction projects as well as the development of digitalization, connectivity, and automation in applications used in manufacturing and construction. The market for construction equipment for roads and railways has expanded dramatically over the past 10 years as a result of larger development initiatives carried out by national and local governments, particularly in the Asia Pacific area.
Report Coverage
Global Construction Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Construction Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Construction Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Construction Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Construction Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Construction Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sany, Manitou BF, Zoomlion, John Deere, Komatsu, HIAB, Volvo AB, Escorts Limited, CNH Industrial N.V., Sumitomo Heavy Industries, Ltd., Terex Corporation, Kobelco Construction Machinery Co., Ltd, Liebherr-International Deutschland GmbH, Hidromek, Hyundai Heavy Industries, Ingersoll Rand, J C Bamford Excavators Ltd., New Holland, Track Marshall, Caterpillar, Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Xuzhou Construction Machinery Group
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Construction Equipment market based on the below-mentioned segments:
Global Construction Equipment Market, By Type
Global Construction Equipment market, By Application
Global Construction Equipment Market, By End User
Global Construction Equipment market, Regional Analysis
The construction business is significantly impacted by the global financial market. New construction projects usually influence product demand. The public and private sectors' efforts in the creation of infrastructure are anticipated to boost demand for construction equipment as urbanisation continues to grow.
Heavy-duty vehicles and other machinery created especially to complete construction duties are referred to as construction equipment. Large-scale earthmoving activities or other building projects are typically involved in these duties. A material handler, grader, track-type, excavator, skid-steer, track loader, backhoe, paving, hydromatic tool, pipelayer, compactor, loader, and others are typical examples of these construction tools. These tools are employed in a number of processes, including drilling, hauling, excavation, paving, grading, lifting, and so forth. Any project involving the construction of a building or an infrastructure are required to have construction equipment and related supplies. Additionally, manufacturers of construction equipment work hard to stay up with the continually changing expectations of their customers as well as growing market norms, cost-cutting initiatives, and technology.
The demand for construction equipment is expected to increase as construction activity increases globally. Lower housing costs that encouraged consumers to buy new homes and supportive government programmes like stimulus packages are two key elements that are expected to boost market expansion during the forecast period. The expansion of the construction equipment market, however, is anticipated to be constrained over the next years by supply chain and inventory problems, as well as a lack of semiconductors. The market's growth has been significantly impacted by the increasing importance placed on construction projects as well as the development of digitalization, connectivity, and automation in applications used in manufacturing and construction. The market for construction equipment for roads and railways has expanded dramatically over the past 10 years as a result of larger development initiatives carried out by national and local governments, particularly in the Asia Pacific area.
Report Coverage
Global Construction Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Construction Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Construction Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Construction Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sany, Manitou BF, Zoomlion, John Deere, Komatsu, HIAB, Volvo AB, Escorts Limited, CNH Industrial N.V., Sumitomo Heavy Industries, Ltd., Terex Corporation, Kobelco Construction Machinery Co., Ltd, Liebherr-International Deutschland GmbH, Hidromek, Hyundai Heavy Industries, Ingersoll Rand, J C Bamford Excavators Ltd., New Holland, Track Marshall, Caterpillar, Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Xuzhou Construction Machinery Group |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Construction Equipment Market from 2021 to 2030.
- Market Forecast for Construction Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Construction Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Construction Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Construction Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Construction Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sany, Manitou BF, Zoomlion, John Deere, Komatsu, HIAB, Volvo AB, Escorts Limited, CNH Industrial N.V., Sumitomo Heavy Industries, Ltd., Terex Corporation, Kobelco Construction Machinery Co., Ltd, Liebherr-International Deutschland GmbH, Hidromek, Hyundai Heavy Industries, Ingersoll Rand, J C Bamford Excavators Ltd., New Holland, Track Marshall, Caterpillar, Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Xuzhou Construction Machinery Group
Primary Target Market
- Market Players of Construction Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Construction Equipment market based on the below-mentioned segments:
Global Construction Equipment Market, By Type
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
Global Construction Equipment market, By Application
- Residential
- Commercial
- Industrial
Global Construction Equipment Market, By End User
- Oil & gas
- Construction & Infrastructure
- Manufacturing
Global Construction Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive construction equipment market market research and competitor analysis for your business to help you develop more profound insights into the construction equipment market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the construction equipment market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.