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Construction Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jun 01, 2024
Length 120 Pages
SKU # FOB18867071

Description

Construction Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Construction Equipment Market

The global construction equipment market size was valued at USD 142.39 billion in 2022 and is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period 2023 to 2030.

The COVID-19 pandemic significantly disrupted the global economy, with the construction industry bearing a heavy brunt. In Europe alone, about 60% of the equipment industry faced extensive impact due to pandemic-related closures. Construction activities faced partial or complete shutdowns, leading to significant setbacks in project timelines and overall market growth.

The construction equipment market is growing because people worldwide want better, more efficient machines for building. New equipment saves money on labor and operations and tracks progress using technology like ICT and IoT. Companies are introducing advanced machines that meet customer needs and address environmental issues.

A superb trend in the construction gadget market is the rise of apartment offerings, in particular in unexpectedly developing economies like China and India. According to CERA, there's a growing call for for condo offerings in those regions. Regional and nearby gamers are seizing this opportunity, expanding their presence and producing significant revenues. Major production firms are focusing on sectors like infrastructure, oil and gasoline, utilities, and commercial/residential construction for elevated profitability.

Comprehensive Analysis of Construction Equipment Market

Segmentation in the construction equipment market share runs the market beacuse it allows the companies to target precise customers with tailored offerings and solutions. The construction equipment market is divided by equipment type into earthmoving equipment, material handling equipment and cranes, concrete equipment, road building equipment, civil engineering equipment, crushing and screening equipment, and other equipment. It is also segmented by application into residential, commercial, and industrial uses.

Asia Pacific leads the development device market because of online retail and rental services are at the rise, whilst governments are investing heavily in infrastructure development and capital projects. China's consciousness of public infrastructure, renewable energy, and home construction fuels demand for construction machinery, contributing extensively to the vicinity's dominance.

Key players impact market size by investing in innovative systems, forming partnerships, and expanding product offerings. Through strategic acquisitions and collaborations, they enhance operations, scale sales, and broaden customer reach. Key players in the construction equipment market include Caterpillar Inc. (U.S.), Komatsu Ltd. (Japan), Doosan Infracore Co. Ltd. (South Korea), J.C. Bamford Excavators Ltd. (U.K.), Liebherr Group (Switzerland), CNH Industrial N.V. (U.K.), Hyundai Construction Equipment Co., Ltd. (South Korea), SANY Group (China), AB Volvo (Sweden).

In March 2023, Clairemont Equipment Company partnered with Komatsu to expand its attain in Los Angeles, improving their geographical presence and strengthening their role inside the market.

Segementation Table

Global Construction Equipment Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.6% from 2023 to 2030

Unit Value (USD billion)

Segmentation By Equipment Type, Application, and Region

By Equipment Type Earthmoving Equipment

Material Handling Equipment & Cranes

Concrete Equipment

Road Building Equipment

Civil Engineering Equipment

Crushing and Screening Equipment

Other Equipment (Trailers)

By Application Residential

Commercial

Industrial

By Region North America (By Equipment Type, Application, and Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Equipment Type, Application, and Country)

- U.K. (By Application)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- Rest of Europe

Asia Pacific (By Equipment Type, Application, and Country)

- China (By Application)

- Japan (By Application)

- India (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific

Latin America (By Equipment Type, Application, and Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America

Middle East & Africa (By Equipment Type, Application, and Country)

- G.C.C. (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa


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Table of Contents

120 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Construction Equipment Market Key Players Market Share Insights and Analysis, 2022
5. Global Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
5.1. Key Findings
5.2. By Equipment Type (USD)
5.2.1. Earthmoving Equipment
5.2.2. Material Handling Equipment & Cranes
5.2.3. Concrete Equipment
5.2.4. Road Building Equipment
5.2.5. Civil Engineering Equipment
5.2.6. Crushing and Screening Equipment
5.2.7. Other Equipment (Trailers, etc.)
5.3. By Application (USD)
5.3.1. Residential
5.3.2. Commercial
5.3.3. Industrial
5.4. By Region (USD)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
6.1. Key Findings
6.2. By Equipment Type (USD)
6.2.1. Earthmoving Equipment
6.2.2. Material Handling Equipment & Cranes
6.2.3. Concrete Equipment
6.2.4. Road Building Equipment
6.2.5. Civil Engineering Equipment
6.2.6. Crushing and Screening Equipment
6.2.7. Other Equipment (Trailers, etc.)
6.3. By Application (USD)
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. By Country (USD)
6.4.1. U.S.
6.4.1.1. By Application
6.4.1.1.1. Residential
6.4.1.1.2. Commercial
6.4.1.1.3. Industrial
6.4.2. Canada
6.4.2.1. By Application
6.4.2.1.1. Residential
6.4.2.1.2. Commercial
6.4.2.1.3. Industrial
7. Europe Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
7.1. Key Findings
7.2. By Equipment Type (USD)
7.2.1. Earthmoving Equipment
7.2.2. Material Handling Equipment & Cranes
7.2.3. Concrete Equipment
7.2.4. Road Building Equipment
7.2.5. Civil Engineering Equipment
7.2.6. Crushing and Screening Equipment
7.2.7. Other Equipment (Trailers, etc.)
7.3. By Application (USD)
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.4. By Country (USD)
7.4.1. United Kingdom
7.4.1.1. By Application
7.4.1.1.1. Residential
7.4.1.1.2. Commercial
7.4.1.1.3. Industrial
7.4.2. Germany
7.4.2.1. By Application
7.4.2.1.1. Residential
7.4.2.1.2. Commercial
7.4.2.1.3. Industrial
7.4.3. France
7.4.3.1. By Application
7.4.3.1.1. Residential
7.4.3.1.2. Commercial
7.4.3.1.3. Industrial
7.4.4. Italy
7.4.4.1. By Application
7.4.4.1.1. Residential
7.4.4.1.2. Commercial
7.4.4.1.3. Industrial
7.4.5. Spain
7.4.5.1. By Application
7.4.5.1.1. Residential
7.4.5.1.2. Commercial
7.4.5.1.3. Industrial
7.4.6. Rest of Europe
8. Asia Pacific Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
8.1. Key Findings
8.2. By Equipment Type (USD)
8.2.1. Earthmoving Equipment
8.2.2. Material Handling Equipment & Cranes
8.2.3. Concrete Equipment
8.2.4. Road Building Equipment
8.2.5. Civil Engineering Equipment
8.2.6. Crushing and Screening Equipment
8.2.7. Other Equipment (Trailers, etc.)
8.3. By Application (USD)
8.3.1. Residential
8.3.2. Commercial
8.3.3. Industrial
8.4. By Country (USD)
8.4.1. China
8.4.1.1. By Application
8.4.1.1.1. Residential
8.4.1.1.2. Commercial
8.4.1.1.3. Industrial
8.4.2. India
8.4.2.1. By Application
8.4.2.1.1. Residential
8.4.2.1.2. Commercial
8.4.2.1.3. Industrial
8.4.3. Japan
8.4.3.1. By Application
8.4.3.1.1. Residential
8.4.3.1.2. Commercial
8.4.3.1.3. Industrial
8.4.4. Southeast Asia
8.4.4.1. By Application
8.4.4.1.1. Residential
8.4.4.1.2. Commercial
8.4.4.1.3. Industrial
8.4.5. Rest of Asia Pacific
9. Middle East & Africa Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
9.1. Key Findings
9.2. By Equipment Type (USD)
9.2.1. Earthmoving Equipment
9.2.2. Material Handling Equipment & Cranes
9.2.3. Concrete Equipment
9.2.4. Road Building Equipment
9.2.5. Civil Engineering Equipment
9.2.6. Crushing and Screening Equipment
9.2.7. Other Equipment (Trailers, etc.)
9.3. By Application (USD)
9.3.1. Residential
9.3.2. Commercial
9.3.3. Industrial
9.4. By Country (USD)
9.4.1. South Africa
9.4.1.1. By Application
9.4.1.1.1. Residential
9.4.1.1.2. Commercial
9.4.1.1.3. Industrial
9.4.2. GCC
9.4.2.1. By Application
9.4.2.1.1. Residential
9.4.2.1.2. Commercial
9.4.2.1.3. Industrial
9.4.3. Rest of Middle East & Africa
10. Latin America Construction Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
10.1. Key Findings
10.2. By Equipment Type (USD)
10.2.1. Earthmoving Equipment
10.2.2. Material Handling Equipment & Cranes
10.2.3. Concrete Equipment
10.2.4. Road Building Equipment
10.2.5. Civil Engineering Equipment
10.2.6. Crushing and Screening Equipment
10.2.7. Other Equipment (Trailers, etc.)
10.3. By Application (USD)
10.3.1. Residential
10.3.2. Commercial
10.3.3. Industrial
10.4. By Country (USD)
10.4.1. Brazil
10.4.1.1. By Application
10.4.1.1.1. Residential
10.4.1.1.2. Commercial
10.4.1.1.3. Industrial
10.4.2. Mexico
10.4.2.1. By Application
10.4.2.1.1. Residential
10.4.2.1.2. Commercial
10.4.2.1.3. Industrial
10.4.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. AB Volvo
11.1.1. Overview
11.1.2. Offerings/Business Segments
11.1.3. Employee Size
11.1.4. Key Financials
11.1.5. Recent Developments
11.2. Caterpillar Inc.
11.2.1. Overview
11.2.2. Offerings/Business Segments
11.2.3. Employee Size
11.2.4. Key Financials
11.2.5. Recent Developments
11.3. Komatsu Ltd.
11.3.1. Overview
11.3.2. Offerings/Business Segments
11.3.3. Employee Size
11.3.4. Key Financials
11.3.5. Recent Developments
11.4. Doosan Corporation
11.4.1. Overview
11.4.2. Offerings/Business Segments
11.4.3. Employee Size
11.4.4. Key Financials
11.4.5. Recent Developments
11.5. Hitachi Construction Machinery Co., Ltd.
11.5.1. Overview
11.5.2. Offerings/Business Segments
11.5.3. Employee Size
11.5.4. Key Financials
11.5.5. Recent Developments
11.6. J.C. Bamford Excavators Limited
11.6.1. Overview
11.6.2. Offerings/Business Segments
11.6.3. Employee Size
11.6.4. Key Financials
11.6.5. Recent Developments
11.7. Liebherr Group
11.7.1. Overview
11.7.2. Offerings/Business Segments
11.7.3. Employee Size
11.7.4. Key Financials
11.7.5. Recent Developments
11.8. CNH Industrial N.V.
11.8.1. Overview
11.8.2. Offerings/Business Segments
11.8.3. Employee Size
11.8.4. Key Financials
11.8.5. Recent Developments
11.9. Hyundai Construction Equipment Co., Ltd.
11.9.1. Overview
11.9.2. Offerings/Business Segments
11.9.3. Employee Size
11.9.4. Key Financials
11.9.5. Recent Developments
11.10. SANY GROUP
11.10.1. Overview
11.10.2. Offerings/Business Segments
11.10.3. Employee Size
11.10.4. Key Financials
11.10.5. Recent Developments

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