Construction Equipment Market
Global Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment (Cranes, Loader & Backhoe, Telescopic Handlers, Excavators, Motor Graders, and Others (Trencher)), Material Handling Equipment (Hoists, Conveyors, Forklifts, and Others (Industrial Trucks)), and Other Construction Equipment (Concrete Mixers, Road Rollers, Stone Crushers, Dumpers, Tippers & Trailers, and Others (Slurry Seal Machines)), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027
The global construction equipment market is projected to grow at a modest CAGR of 4.0% during the forecast period (2021-2027). The key aspect that has flourished the demand for construction equipment across the globe is the gradual shift of the people towards the urban areas. Urbanization is the population shift from rural to urban areas. According to the UN, around 54% of the population lives in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, China, and Nigeria. Urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach 41 by 2030. Hence, the global construction equipment market is likely to be driven by rapid urbanization across the emerging economies of the globe.
Further, increasing per capita income coupled with the growing construction projects in emerging economies such as China, India, Indonesia, and others has also positively impacted the growth of the market. The rising number of infrastructural projects and mega construction projects are also projected to boost the demand for construction equipment, which, in turn, enhances market growth over the forecast period. However, the higher prices of the equipment and the negative impact of COVID-19 on the construction industry. Nevertheless, rising investments in infrastructure post-COVID-19 in order to stimulate economic growth across the globe are further expected to bolster the demand for construction equipment over the forecast period.
Segmental Outlook
The global construction equipment market is segmented on the basis of machinery type and industry. Based on the machinery type, the market is segmented as earth moving equipment, material handling equipment, and other construction equipment. The earth-moving equipment segment includes cranes, loader & backhoe, telescopic handlers, excavators, motor graders, and others (trencher). The material handling equipment segment includes hoists, conveyors, forklifts, and others (industrial trucks). The other construction equipment includes concrete mixers, road rollers, stone crushers, dumpers, tippers & trailers, and others (slurry seal machines). Based on the industry, the market is segmented as construction & infrastructure, manufacturing, mining, and others (oil & gas).
Construction & Infrastructure Segment is Estimated to Hold a Lucrative Share in the Market
Amongst the industry segment of the market, the construction & infrastructure segment is likely to hold the most substantial share in the global market over the forecast period. The segmental growth of the market is accredited to the rapid infrastructural development across the globe. For instance, as per the India Brand Equity Foundation 2020, India had planned to invest approximately $1.4 trillion in infrastructural development during 2019–2023 for the sustainable development of the country. The Indian government has also planned an investment of approximately $750 billion for railways infrastructural development during 2018–2030. Hence, such investments by the country’s government are likely to drive the segmental growth of the market. Further, the mining segment of the market is also projected to grow considerably over the forecast period.
Global Construction Equipment Market, by Industry 2020 (%)
Regional Outlook
The global construction equipment market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the construction equipment market in the region. The regional growth of the market is accredited to the rapid urbanization in the economies of the region. Besides, there has also been an increasing number of dam construction projects, residential and commercial complexes projects, and expansion of rails & road infrastructures in the region which are further driving the regional growth of the market over the forecast period. Further, the North American region is also estimated to register a substantial market value, attributing to the presence of key players across the region.
Global Construction Equipment Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global construction equipment market include Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., Kobelco Construction Machinery Co. Ltd., and Volvo Group among others. These key market players in the construction equipment industry have started adopting effective market strategies such as novel product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to enhance their profitability and competitiveness across the industry space. For instance, in January 2020, Volvo Group introduced two novel asphalt paver models, named the P5110B tracked, and P5170B wheeled pavers for its North American range at ConExpo-Con/Agg 2020.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global construction equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Caterpillar Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Deere & Co.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Komatsu Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Liebherr Group
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Construction Equipment Market by Machinery Type
5.1.1. Earth Moving Equipment
5.1.1.1. Cranes
5.1.1.2. Loader & Backhoe
5.1.1.3. Telescopic Handlers
5.1.1.4. Excavators
5.1.1.5. Motor Graders
5.1.1.6. Others (Trencher)
5.1.2. Material Handling Equipment
5.1.2.1. Hoists
5.1.2.2. Conveyors
5.1.2.3. Forklifts
5.1.2.4. Others (Industrial Trucks)
5.1.3. Other Construction Equipment
5.1.3.1. Concrete Mixers
5.1.3.2. Road Rollers
5.1.3.3. Stone Crushers
5.1.3.4. Dumpers
5.1.3.5. Tippers & Trailers
5.1.3.6. Others (Slurry Seal Machines)
5.2. Global Construction Equipment Market by Industry
5.2.1. Construction & Infrastructure
5.2.2. Manufacturing
5.2.3. Mining
5.2.4. Others (Oil & Gas)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. ASTEC Industries Inc.
7.2. Atlas Copco AB
7.3. Caterpillar Inc.
7.4. CNH Industrial NV
7.5. Deere & Co.
7.6. Doosan Heavy Industries & Construction Co., Ltd.
7.7. Guangxi LiuGong Machinery Co., Ltd.
7.8. Hitachi Construction Machinery Co. Ltd.
7.9. Hyundai Heavy IndustriesCo. Ltd.
7.10. JC Bamford Excavators Ltd.
7.11. Kobelco Construction Machinery Co. Ltd.
7.12. Komatsu Ltd.
7.13. LIEBHERR Group
7.14. Metso Corp.
7.15. Sandvik Group
7.16. Sany Heavy Industry Co., Ltd
7.17. Sumitomo Heavy Industries Ltd.
7.18. Terex Corp.
7.19. The Manitowoc Co., Inc.
7.20. Volvo Group
7.21. Wirtgen Group
7.22. XCMG Group
1. GLOBAL CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MACHINERY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL EARTH MOVING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL CRANES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL LOADER & BACKHOE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL TELESCOPIC HANDLERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL EXCAVATORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL MOTOR GRADERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHERS (TRENCHER) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MATERIAL HANDLING EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL HOISTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL CONVEYORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL FORKLIFTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL OTHERS (INDUSTRIAL TRUCKS) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL OTHER CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL CONCRETE MIXERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL ROAD ROLLERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL STONE CRUSHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL DUMPERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL TIPPERS & TRAILERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL OTHERS (SLURRY SEAL MACHINES)MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
21. GLOBAL CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2020-2027 ($ MILLION)
22. GLOBAL CONSTRUCTION & INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
23. GLOBAL MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
24. GLOBAL MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
25. GLOBAL OTHERS (OIL & GAS)MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
26. GLOBAL CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
27. NORTH AMERICAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. NORTH AMERICAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MACHINERY TYPE, 2020-2027 ($ MILLION)
29. NORTH AMERICAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2020-2027 ($ MILLION)
30. EUROPEAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. EUROPEAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MACHINERY TYPE, 2020-2027 ($ MILLION)
32. EUROPEAN CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2020-2027 ($ MILLION)
33. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
34. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MACHINERY TYPE, 2020-2027 ($ MILLION)
35. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2020-2027 ($ MILLION)
36. REST OF THE WORLD CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY MACHINERY TYPE, 2020-2027 ($ MILLION)
37. REST OF THE WORLD CONSTRUCTION EQUIPMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2020-2027 ($ MILLION)
1. GLOBAL CONSTRUCTION EQUIPMENT MARKET SHARE BY MACHINERY TYPE, 2020 VS 2027 (%)
2. GLOBAL CONSTRUCTION EQUIPMENT MARKET SHARE BY INDUSTRY, 2020 VS 2027(%)
3. GLOBAL CONSTRUCTION EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027(%)
4. US CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
6. UK CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD CONSTRUCTION EQUIPMENT MARKET SIZE, 2020-2027 ($ MILLION)
