Global Heavy Construction Equipment Market Size study, By Type (Earth moving equipment, Material handling Equipment, Heavy construction vehicles, Others), By Application (Excavation & demolition, Heavy lifting, Material Handling, Tunneling, Transportation

Global Heavy Construction Equipment Market Size study, By Type (Earth moving equipment, Material handling Equipment, Heavy construction vehicles, Others), By Application (Excavation & demolition, Heavy lifting, Material Handling, Tunneling, Transportation, Recycling & waste management), By End-Use Sector (Construction & manufacturing, Oil & gas, Public works & rail road, Infrastructure, Mining, Forestry & agriculture, Others), and Regional Forecasts 2022-2028

Global Heavy Construction Equipment Market is valued approximately USD 170.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2022-2028.

Heavy construction equipment is primarily adopted for performing heavy operations tasks such as lifting excavation, material handling, and other heavy operations. The equipment facilitates the transportation of objects faster, reduces the need for a huge workforce, and improves business efficiency on large scale. Heavy construction equipment is gaining huge traction in public works & railroad, infrastructure, construction & manufacturing, mining, forestry & agriculture, oil & gas, and many other end-use segments. The growing investments in the construction industry, rapid urbanization, increasing demand for heavy construction equipment majorly from developing countries, coupled with rapid technology developments are the major factors that are surging the market demand across the globe. For instance, according to the news released by Global Construction 2030, it is expected that the volume of construction output will increase by 85% and accounted for USD 15.5 trillion globally by 2030. This development is primarily driven by three nations China, India, and the United States that contribute with 57% share for the development of the construction industry around the world. However, the high cost of equipment and shortage of skilled labor force, and maintenance & repair-related issues of equipment impede the growth of the market over the forecast period of 2022-2028. Also, renting or leasing of equipment and agreements & contracts, joint ventures, and mergers & acquisitions among leading companies are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Heavy Construction Equipment market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific is the leading region across the world in terms of market share owing to the exponential growth of the construction sector, as well as increasing industrialization and urbanization. Whereas, Middle-East & Africa is anticipated to exhibit a significant CAGR over the forecast period 2022-2028. Factors such as increasing disposable income, as well as investments in new building constructions and renovation activities, would create lucrative growth prospects for the Heavy Construction Equipment market across the region.

Major market players included in this report are:
Caterpillar Inc.
Liebherr AG
Terex Corporation
Volvo Construction Equipment AB
Komatsu Limited
Doosan Infracoe
Hitachi Machinery Construction Co., Ltd.
JCB
Sany Heavy Industry Co., Ltd.
CNH Industrial N.V.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed inApplicationation about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Earth moving equipment
Material handling Equipment
Heavy construction vehicles
Others
By Application
Excavation & demolition
Heavy lifting
Material Handling
Tunneling
Transportation
Recycling & waste management
By End-Use Sector
Construction & manufacturing
Oil & gas
Public works & rail road
Infrastructure
Mining
Forestry & agriculture
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Heavy Construction Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Caterpillar Inc.
Liebherr AG
Terex Corporation
Volvo Construction Equipment AB
Komatsu Limited
Doosan Infracoe
Hitachi Machinery Construction Co., Ltd.
JCB
Sany Heavy Industry Co., Ltd.
CNH Industrial N.V.

Please note:The single user license is non-downloadable and non-printable. Global Site license will allows these actions. Show more