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Global & Norway Heavy Construction Equipment Market to 2031

Publisher Business Market Insights
Published May 01, 2025
Length 100 Pages
SKU # BMKS20051199

Description

The Norwegian government is focused on enhancing the country’s transportation infrastructure by undertaking large-scale projects aimed at upgrading the rail and road networks to alleviate traffic congestion. Additionally, the rising demand for residential housing, supported by financial aid from the Norwegian State Housing Bank (Husbanken) and local municipalities, is further driving the need for heavy construction equipment. Increased investments in Norway’s construction sector have significantly boosted demand for such machinery. According to the European Construction Industry Federation, total construction investment in Norway reached US$ 42.81 billion in 2023. Furthermore, the government plans to allocate US$ 40 billion over the next 12 years for rail infrastructure development. The new National Transport Plan 2025–2036 includes extensive rail infrastructure renewals and expansions, which require heavy equipment for foundational work and railway construction.

Norway’s heavy construction equipment market is influenced by a variety of economic, demographic, and technological factors. The country’s strong economy, ambitious infrastructure projects, emphasis on sustainability, and adoption of advanced technologies are all driving growth and innovation in the market.

As part of its long-term economic development strategy, Norway is making substantial investments in infrastructure modernization, focusing on transportation networks, energy projects, and public works. The National Transport Plan (NTP) outlines major investments in improving roads, railways, and public transit systems over the coming decade. This includes significant projects like road expansions, tunnel construction, and high-speed rail development, which increase demand for equipment such as excavators, paving machines, cranes, and earthmoving machinery.

Additionally, the need to upgrade existing infrastructure—particularly bridges, tunnels, and ports—continues to support demand for construction equipment. Infrastructure projects in remote areas, including regions within the Arctic Circle, require specialized machinery capable of operating in harsh conditions like extreme cold and rugged terrain.

Table of Contents

100 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. Norway Heavy Construction Equipment Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Heavy Construction Equipment Market Key Market Dynamics
5.1 Heavy Construction Equipment Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. Norway Heavy Construction Equipment Market – Analysis
6.1 Norway Heavy Construction Equipment Market Revenue (US$ Million), 2021–2031
6.2 Norway Heavy Construction Equipment Market Revenue and Forecast Analysis
7. Norway Heavy Construction Equipment Market Analysis – by Type
7.1 Norway Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
8. Norway Heavy Construction Equipment Market Analysis – by Power Output
8.1 Norway Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Power Output
9. Norway Heavy Construction Equipment Market Analysis – by Propulsion Type
9.1 Norway Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Propulsion Type
10. Norway Heavy Construction Equipment Market Analysis – by End-use Industry
10.1 Norway Heavy Construction Equipment Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End-use Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.1 Company Positioning and Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.2 Partnerships and Collaborations
12.2 Other Developments
13. Company Profiles
13.1 AB Volvo
13.1. 1 Key Facts
13.1. 2 Business Description
13.1. 3 Products and Services
13.1. 4 Financial Overview
13.1. 5 SWOT Analysis
13.1. 6 Key Developments
13.2 Caterpillar Inc
13.2. 1 Key Facts
13.2. 2 Business Description
13.2. 3 Products and Services
13.2. 4 Financial Overview
13.2. 5 SWOT Analysis
13.2. 6 Key Developments
13.3 Komatsu Ltd
13.3. 1 Key Facts
13.3. 2 Business Description
13.3. 3 Products and Services
13.3. 4 Financial Overview
13.3. 5 SWOT Analysis
13.3. 6 Key Developments
13.4 Hitachi Construction Machinery Co Ltd
13.4. 1 Key Facts
13.4. 2 Business Description
13.4. 3 Products and Services
13.4. 4 Financial Overview
13.4. 5 SWOT Analysis
13.4. 6 Key Developments
13.5 Liebherr-International AG
13.5. 1 Key Facts
13.5. 2 Business Description
13.5. 3 Products and Services
13.5. 4 Financial Overview
13.5. 5 SWOT Analysis
13.5. 6 Key Developments
13.6 Terex Corp
13.6. 1 Key Facts
13.6. 2 Business Description
13.6. 3 Products and Services
13.6. 4 Financial Overview
13.6. 5 SWOT Analysis
13.6. 6 Key Developments
13.7 Doosan Corp
13.7. 1 Key Facts
13.7. 2 Business Description
13.7. 3 Products and Services
13.7. 4 Financial Overview
13.7. 5 SWOT Analysis
13.7. 6 Key Developments
13.8 Deere & Co
13.8. 1 Key Facts
13.8. 2 Business Description
13.8. 3 Products and Services
13.8. 4 Financial Overview
13.8. 5 SWOT Analysis
13.8. 6 Key Developments
13.9 Sany Heavy Industry Co Ltd
13.9. 1 Key Facts
13.9. 2 Business Description
13.9. 3 Products and Services
13.9. 4 Financial Overview
13.9. 5 SWOT Analysis
13.9. 6 Key Developments
13.10 J C Bamford Excavators Ltd
13.10. 1 Key Facts
13.10. 2 Business Description
13.10. 3 Products and Services
13.10. 4 Financial Overview
13.10. 5 SWOT Analysis
13.10. 6 Key Developments
13.11 Hyundai Engineering & Construction Co Ltd
13.11. 1 Key Facts
13.11. 2 Business Description
13.11. 3 Products and Services
13.11. 4 Financial Overview
13.11. 5 SWOT Analysis
13.11. 6 Key Developments
14. Appendix
14.1 About Business Market Insights
14.2 List of Abbreviations
TABLE OF TABLES
Table 1. Norway Heavy Construction Equipment Market Segmentation
Table 2. List of Vendors
Table 3. Norway Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million)
Table 4. Norway Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. Norway Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 6. Norway Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 7. Norway Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Power Output
Table 8. Norway Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Power Output
Table 9. Norway Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by Propulsion Type
Table 10. Norway Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by Propulsion Type
Table 11. Norway Heavy Construction Equipment Market – Revenue, 2021–2024 (US$ Million) – by End-use Industry
Table 12. Norway Heavy Construction Equipment Market – Revenue Forecast, 2025–2031 (US$ Million) – by End-use Industry
Table 13. List of Abbreviations
TABLE OF FIGURES
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. Norway Heavy Construction Equipment Market Revenue, (US$ Million), 2021–2031
Figure 3. Heat Map Analysis by Key Players
Figure 4. Company Positioning and Concentration

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