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Construction Equipment Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery

08 Jan, 2020 | 121 Pages
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Registering a CAGR of  3.9% over the forecast period, the construction equipment market is anticipated to reach the market value of US$ 250.4 billion in the year 2027 from US$ 208.3 billion in the year 2027.



Construction Equipment Market Overview



Consumers across the globe are demanding more fuel-efficient, technologically upgraded equipment for augmenting constructing activities. Embracing of upgraded equipment reduces labor costs, tracking of work done in every stage of the process, and also brings down operational costs. Companies are working on expanding their business domain by providing products, services, or solutions, along with new values which take full advantage of ICT and IoT technologies. Moreover, they are engaged in introducing advanced equipment that can not only cater to customers’ requirements but also overcome social and environmental problems. Thus, the end-users are more attracted to these machines.



A important market trend observed is the ongoing shift from traditional equipment to automated equipment as consumers are retrofitting and renovating the old knowledge. In order to increase efficiency across the construction industry, the prominent and strong players are well trying to tighten up the construction equipment supply chain and achieve higher competences.



Recent Developments:



05/26/2021: Liebherr extended its product portfolio of T 274 haul trucks by introducing a new 305t/336 tons haul trucks, that bridges the gap between T 284 (363 t / 400 tons) and the upgraded T 264 (240 t / 265 tons).



Who are the Major Players in Construction Equipment Market?



Top Key players in the Construction Equipment Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Construction Equipment Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Deere, Doosan, JCB, SANY Group Company Ltd., Kobelco, CNH Global, Hyundai Construction Equipment Company, Liebherr Group, Kubota, XCMG, Zoomlion and others.



What are the major Applications, Types, and Regions of the Construction Equipment Market?



By Type, Construction Equipment Market has been segmented into 




  • Excavator

  • Loaders

  • Motor Graders

  • Dump Truck

  • Bulldozers



The Application, industry application in Construction Equipment Market is, 




  • Residential Building

  • Non-Residential Building

  • Engineering Working

  • Commercial

  • Residential

  • Infrastructure



By Power Output, Construction Equipment Market has been segmented into




  •  <100 HP

  • 101–200 HP

  • 201–400 HP

  • >400 HP



Regional Analysis of Construction Equipment Rental Market:



The Asia Pacific is anticipated to emerge dominant in the market holding the largest share during the forecast period. Growth witnessed in the region is likely to be driven by the emergence of online retail facilities, availability of machinery on a rental basis, rising government investments in infrastructure development, enhancement in capital investments. Similarly, the Chinese government is investing in public infrastructure and renewable energy, and also in residential construction projects, which in return is resulting in the increased demand for construction machinery.



China is estimated to hold the highest market share as a result of numerous emerging market players that are manufacturing technology-driven construction machines. The Chinese government has been investing profoundly in rural construction activities for rapid urbanization, with emerging public-private partnerships, hence expected to drive the demand for construction machinery. In 2017, the Chinese government aimed to deliver the One Belt One Road project and the 21st century Maritime Silk Road that would cost around USD 4 trillion in order to improve the land and waterway connectivity.



Europe generated substantial revenue in 2019 and is expected to witness growth owing to increasing demand for new housing units, improving employment levels, etc. Also, as Germany is considered the home to Europe’s best-performing machine and equipment sector, Europe is expected to have a significant opportunity to grow over the forecast period.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  •       Rest of the World

    • Middle East & Africa

    • Latin America





What is our Construction Equipment Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 3.9% during the review period (2022 to 2027).



By Type




  • Excavator

  • Loaders

  • Motor Graders

  • Dump Truck

  • Bulldozers



 



By Application



 




  • Residential Building

  • Non-Residential Building

  • Engineering Working

  • Commercial

  • Residential

  • Infrastructure



By Companies



Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Deere, Doosan, JCB, SANY Group Company Ltd.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



 



         121



 



 



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Construction Equipment Report




  • Evaluate Construction Equipment market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive into the value augmentation at each step, in order to optimize value and bring efficiencies to your processes.

  • Get a quick outlook on the Construction Equipment market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.



All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.



Frequently Asked Question -



What is the growth rate of Construction Equipment Market?



The Construction Equipment Market is growing at a CAGR of 3.9 over the next 5 years.



What are the key market drivers?



Acceptance of progressive equipment to drive growth and cumulative construction & substructure investments worldwide will drive the growth of the market.



Which segment reported for the largest construction equipment market share?



The Asia Pacific dominated the construction equipment market with a share of 47.42% in 2021. This is attributable to rising administration funding for the growth of advanced public infrastructure in the region.



Who are the key players in Construction Equipment Market?



Caterpillar Inc., Kobelco Construction Machinery Co., Ltd, CNH Industrial NV, Liebherr-International Deutschland GmbH, Komatsu Ltd are the major companies operating in Construction Equipment Market.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      • SECONDARY RESEARCH

      • PRIMARY RESEARCH

      • SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      • DATA TRIANGULATION

      • BOTTOM-UP APPROACH

      • TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL CONSTRUCTION EQUIPMENT MARKET BY TYPE

    3. GLOBAL CONSTRUCTION EQUIPMENT MARKET BY APPLICTAION



  4. GLOBAL CONSTRUCTION EQUIPMENT MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING LENSMETER MARKET

    3. RESTRAINTS

      • STRINGENT ENVIRONMENTAL REGUALTIONS

      • HIGH COST ON MATERIALS



    4. OPPORTUNITIES

      • LENSMETER MARKETGROWTH



    5. APPLICATION OF CONSTRUCTION EQUIPMENT MARKET IMPACT OF COVID-19



  5. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY TYPE

    1. INTRODUCTION

    2. EXCAVATOR

    3. LOADERS

    4. MOTOR GRADERS

    5. DUMP TRUCK

    6. BULLDOZERS



  6. GLOBAL CONSTRUCTION EQUIPMENT MARKET BY APPLICATION

    1. INTRODUCTION

    2. RESIDENTIAL BUILDING

    3. NON-RESIDENTIAL BUILDING

    4. ENGINEERING WORKING

    5. COMMERCIAL

    6. RESIDENTIAL

    7. INFRASTRUCTURE



  7. GLOBAL CONSTRUCTION EQUIPMENT MARKET BY REGION

    1. NORTH AMERICA

      • US

      • CANADA

      • MEXICO



    2. EUROPE

      • GERMANY

      • FRANCE

      • UK

      • ITALY

      • RUSSIA

      • REST OF EUROPE



    3. APAC

      • CHINA

      • SOUTH KOREA

      • JAPAN

      • INDIA

      • AUSTRALIA

      • ASEAN

      • REST OF APAC



    4. MIDDLE EAST & AFRICA

      • SAUDI ARABIA

      • UAE

      • SOUTH AFRICA

      • TURKEY

      • REST OF MEA



    5. SOUTH AMERICA

      • BRAZIL

      • REST OF MEA

      • ARGENTINA

      • REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      • KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    • BUSINESS OVERVIEW

    • COMPANY SNAPSHOT

    • PRODUCT BENCHMARKING

    • STRATEGIC INITIATIVES

      1. CATERPILLAR,

      2. KOMATSU,

      3. VOLVO CONSTRUCTION EQUIPMENT,

      4. HITACHI CONSTRUCTION MACHINERY,

      5. DEERE,

      6. DOOSAN,

      7. JCB,

      8. SANY GROUP COMPANY LTD.,

      9. KOBELCO,

      10. CNH GLOBAL,

      11. HYUNDAI CONSTRUCTION EQUIPMENT COMPANY,

      12.  LIEBHERR GROUP,

      13. KUBOTA,

      14. XCMG,

      15. ZOOMLION AND

      16. OTHERS.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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