
Market Forecast for Heavy Construction Equipment till 2030
Description
Market Forecast for Heavy Construction Equipment till 2030
The estimated size of the heavy construction equipment market in 2023 was 197618.9 million USD. The Heavy Construction Equipment market is expected to grow at a compound annual growth rate (CAGR) of 4.7% over the forecast period, from USD 206708.4 million in 2024 to USD 298201.2 million in 2030.
Globally, heavy construction equipment plays a crucial role in shaping the existing state of affairs, implementing intricate foundation plans and major transportation routes overall. These tools range from loaders and cranes to tractors and tractors. Urbanization, population growth, increased productivity, and a faster framework It is obliged to have this urge. As emerging economies invest in massive construction projects, the global market for heavy construction equipment continues to grow. Mechanical advancements like the telematics and computerization synchronization give these devices accuracy, security, and efficacy. Furthermore, considerations related to maintainability influence the development of environmentally benign machinery, contributing to a construction sector that is increasingly environmentally aware. With its expanding range of uses and unwavering pursuit of innovation, the global heavy equipment market is poised to play a major role in global economic growth and industry expansion.
Market Segment Insight
The earthmoving equipment, material handling, heavy vehicles, crushers, and other. categories comprise the segmentation of the global heavy construction equipment market based on type.
The excavation and demolition, material handling, heavy lifting, recycling & waste management, and tunnelling segments make up the global heavy construction equipment market. These segments are based on application.
The Heavy Construction Equipment industry's end-use section Metal, mineral, coal, aggregate, real estate, oil & gas, mining, forestry, and agriculture are among the industries with a sizeable market.
Region Specific Analysis
The market for heavy construction equipment in Asia-Pacific held the most market share in 2022 and is predicted to increase at a substantial CAGR during the study. The Asia-Pacific Heavy Construction Equipment market is expected to be driven by the region's population expansion and rising per capita disposable income during the forecast period, which will also contribute to the growth of the industry.
Major markets including the US, Canada, and Mexico are found in the region of North America. The North American market is primarily driven by the United States. The house market in the United States is growing as the nation's disposable income is rising swiftly. According to projections from the U.S. government's Bureau of Economic Analysis, Americans' disposable income climbed from US$ 11,608 billion in January 2010 to US$ 15,174 billion in January 2020, or a compound annual growth rate of 2.71%. According to the US Census Bureau, the average household income in some regions, such as Silicon Valley, which is home to significant tech companies like Google Inc. and Facebook Inc., was US$ 125,987 in 2018, about twice as high as the US$ 61,937 national average.
Principal Players
Sany Heavy Industry Co., Ltd., JCB, CNH Industrial N.V., Volvo Group, Xuzhou Construction Machinery Group Co., Ltd., Terex Corporation, Wacker Neuson SE, Hitachi Construction Machinery Co., Ltd., Deere & Company, Doosan Bobcat, and Komatsu Ltd. are the major players in the market.
Table of Contents
132 Pages
- 1 Executive Summary
- 1.1 Global Heavy Construction Equipment Market, By Type
- 1.2 Global Heavy Construction Equipment Market, By Application
- 1.3 Global Heavy Construction Equipment Market, By End Use
- 1.4 Global Heavy Construction Equipment Market, By Region
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Market Structure
- 3 Research Methodology
- 3.1 Research Process
- 3.2 Primary Research
- 3.3 Secondary Research
- 3.4 Market Size Estimation
- 3.5 Top Down & Bottom-up Approach
- 3.6 Forecast Model
- 3.7 List Of Assumptions
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Increasing Demand For Advanced Construction Equipment
- 4.2.2 Rising Investment In Construction And Infrastructure
- 4.2.3 Drivers Impact Analysis
- 4.3 Restraints
- 4.3.1 Environmental Concern Related With The Use Of Construction Equipment
- 4.3.2 Restraints Impact Analysis
- 4.4 Opportunities
- 4.4.1 Growing Popularity Of Construction Equipment Rental Services
- 4.5 Impact Of Covid-19 On Global Economy
- 4.6 Impact Of Covid-19 On The Global Heavy Construction Equipment Market
- 4.7 Supply Chain Impact
- 4.7.1 Impact On Distribution/Logistics
- 5 Market Factor Analysis
- 5.1 Supply/Value Chain Analysis
- 5.1.1 R&D
- 5.1.2 Manufacturing
- 5.1.3 Distribution & Sales
- 5.1.4 Post-sales Monitoring
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Bargaining Power Of Buyers
- 5.2.4 Threat Of Substitutes
- 5.2.5 Intensity Of Rivalry
- 6 Global Heavy Construction Equipment Market, By Type
- 6.1 Overview
- 6.2 Global Heavy Construction Equipment Market Size, Market Estimates & Forecast By Type, 2018-2030
- 6.2.1 Global Heavy Construction Equipment Market Size: Market Estimates & Forecast By Type, 2018-2030
- 7 Global Heavy Construction Equipment Market, By Application
- 7.1 Overview
- 7.2 Global Heavy Construction Equipment Market Size, Market Estimates & Forecast By Application, 2018-2030
- 7.2.1 Global Heavy Construction Equipment Market Size: Market Estimates & Forecast By Application, 2018-2030
- 8 Global Heavy Construction Equipment Market, By End Use
- 8.1 Overview
- 8.2 Global Heavy Construction Equipment Market Size, Market Estimates & Forecast By End Use, 2018-2030
- 8.2.1 Global Heavy Construction Equipment Market Size: Market Estimates & Forecast By End Use, 2018-2030
- 9 Global Heavy Construction Equipment Market, By Region
- 9.1 Overview
- 9.2 North America
- 9.3 Europe
- 9.4 Asia Pacific
- 9.5 Middle East & Africa
- 9.6 South America
- 10 Competitive Landscape
- 10.1 Competitive Overview
- 10.2 Competitive Benchmarking
- 10.3 Major Players In The Global Heavy Construction Equipment Market
- 10.4 Market Share Analysis, By Machine Type In 2021
- 10.5 Market Share Analysis, By Industry In 2021
- 10.6 Leading Players In Terms Of The Number Of Developments In The Global Heavy Construction Equipment Market
- 10.7 Key Developments & Growth Strategies
- 10.7.1 Product Launch/Product Development/Approval
- 10.7.2 Acquisition/Partnership
- 11 Company Profiles
- 11.1 Volvo Group
- 11.1.1 Company Overview
- 11.1.2 Financial Overview
- 11.1.3 Products Offered
- 11.1.4 Key Developments
- 11.1.5 Swot Analysis
- 11.1.6 Key Strategies
- 11.2 Sany Heavy Industry Co., Ltd.
- 11.2.1 Company Overview
- 11.2.2 Financial Overview
- 11.2.3 Products Offered
- 11.2.4 Key Developments
- 11.2.5 Swot Analysis
- 11.2.6 Key Strategies
- 11.3 Liebherr Ag
- 11.3.1 Company Overview
- 11.3.2 Financial Overview
- 11.3.3 Products Offered
- 11.3.4 Key Developments
- 11.3.5 Swot Analysis
- 11.3.6 Key Strategies
- 11.4 Jcb
- 11.4.1 Company Overview
- 11.4.2 Financial Overview
- 11.4.3 Products/Services Offered
- 11.4.4 Key Developments
- 11.4.5 Swot Analysis
- 11.4.6 Key Strategies
- 11.5 Cnh Industrial N.V
- 11.5.1 Company Overview
- 11.5.2 Financial Overview
- 11.5.3 Products/Services Offered
- 11.5.4 Key Developments
- 11.5.5 Swot Analysis
- 11.5.6 Key Strategies
- 11.6 Caterpillar Inc
- 11.6.1 Company Overview
- 11.6.2 Financial Overview
- 11.6.3 Products/Services Offered
- 11.6.4 Key Developments
- 11.6.5 Swot Analysis
- 11.6.6 Key Strategies
- 11.7 Xuzhou Construction Machinery Group Co., Ltd.
- 11.7.1 Company Overview
- 11.7.2 Financial Overview
- 11.7.3 Products/Services Offered
- 11.7.4 Key Developments
- 11.7.5 Swot Analysis
- 11.7.6 Key Strategies
- 11.8 Terex Corporation
- 11.8.1 Company Overview
- 11.8.2 Financial Overview
- 11.8.3 Products/Services Offered
- 11.8.4 Key Developments
- 11.8.5 Swot Analysis
- 11.8.6 Key Strategies
- 11.9 Wacker Neuson Se
- 11.9.1 Company Overview
- 11.9.2 Financial Overview
- 11.9.3 Products Offered
- 11.9.4 Key Developments
- 11.9.5 Swot Analysis
- 11.9.6 Key Strategies
- 11.10 Hitachi Construction Machinery Co., Ltd.
- 11.10.1 Company Overview
- 11.10.2 Financial Overview
- 11.10.3 Products Offered
- 11.10.4 Key Developments
- 11.10.5 Swot Analysis
- 11.10.6 Key Strategies
- 11.11 Deere & Company
- 11.11.1 Company Overview
- 11.11.2 Financial Overview
- 11.11.3 Products Offered
- 11.11.4 Key Developments
- 11.11.5 Swot Analysis
- 11.11.6 Key Strategies
- 11.12 Doosan Bobcat
- 11.12.1 Company Overview
- 11.12.2 Financial Overview
- 11.12.3 Products Offered
- 11.12.4 Key Developments
- 11.12.5 Swot Analysis
- 11.12.6 Key Strategies
- 11.13 Komatsu Ltd
- 11.13.1 Company Overview
- 11.13.2 Financial Overview
- 11.13.3 Products Offered
- 11.13.4 Key Developments
- 11.13.5 Swot Analysis
- 11.13.6 Key Strategies
- List Of Tables
- Table 1 List Of Assumptions
- Table 2 Global Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 3 Global Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 4 Global Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 5 Global Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 6 Global Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 7 Global Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 8 Global Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 9 Global Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 10 Global Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 11 Global Heavy Construction Equipment Market Size, By Region, 2018-2030 (Usd Billion)
- Table 12 North America: Heavy Construction Equipment Market Size, By Country, 2018-2030 (Usd Billion)
- Table 13 North America Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 14 North America Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 15 North America Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 16 North America Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 17 North America Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 18 North America Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 19 North America Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 20 North America Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 21 North America Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 22 Europe: Heavy Construction Equipment Market Size, By Country, 2018-2030 (Usd Billion)
- Table 23 Europe Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 24 Europe Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 25 Europe Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 26 Europe Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 27 Europe Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 28 Europe Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 29 Europe Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 30 Europe Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 31 Europe Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 32 Asia Pacific: Heavy Construction Equipment Market Size, By Country, 2018-2030 (Usd Billion)
- Table 33 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 34 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 35 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 36 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 37 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 38 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 39 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 40 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 41 Asia Pacific Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 42 Middle East & Africa: Heavy Construction Equipment Market Size, By Country, 2018-2030 (Usd Billion)
- Table 43 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 44 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 45 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 46 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 47 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 48 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 49 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 50 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 51 Middle East & Africa Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 52 South America: Heavy Construction Equipment Market Size, By Country, 2018-2030 (Usd Billion)
- Table 53 South America Heavy Construction Equipment Market Estimates & Forecast, By Type, 2018-2030 (Usd Billion)
- Table 54 South America Heavy Construction Equipment Market Estimates & Forecast, By Earthmoving Equipment Type, 2018-2030 (Usd Billion)
- Table 55 South America Heavy Construction Equipment Market Estimates & Forecast, By Compactors Type, 2018-2030 (Usd Billion)
- Table 56 South America Heavy Construction Equipment Market Estimates & Forecast, By Material Handling Type, 2018-2030 (Usd Billion)
- Table 57 South America Heavy Construction Equipment Market Estimates & Forecast, By Heavy Vehicles Type, 2018-2030 (Usd Billion)
- Table 58 South America Heavy Construction Equipment Market Estimates & Forecast, By Crushers Type, 2018-2030 (Usd Billion)
- Table 59 South America Heavy Construction Equipment Market Estimates & Forecast, By Others Type, 2018-2030 (Usd Billion)
- Table 60 South America Heavy Construction Equipment Market Estimates & Forecast, By Application, 2018-2030 (Usd Billion)
- Table 61 South America Heavy Construction Equipment Market Estimates & Forecast, By End Use, 2018-2030 (Usd Billion)
- Table 62 The Most Active Players In The Global Heavy Construction Equipment Market
- Table 63 Product Launch/Product Development/Approval
- Table 64 Acquisition/ Partnership
- Table 65 Volvo Group: Products Offered
- Table 66 Volvo Group: Key Developments
- Table 67 Sany Heavy Industry Co., Ltd.: Products Offered
- Table 68 Sany Heavy Industry Co., Ltd.: Key Developments
- Table 69 Liebherr Ag: Products Offered
- Table 70 Jcb: Key Developments
- Table 71 Jcb: Products/Services Offered
- Table 72 Jcb: Key Developments
- Table 73 Cnh Industrial N.V: Products/Services Offered
- Table 74 Cnh Industrial N.V: Key Developments
- Table 75 Caterpillar Inc: Products/Services Offered
- Table 76 Caterpillar Inc: Key Developments
- Table 77 Xuzhou Construction Machinery Group Co., Ltd.: Products Offered
- Table 78 Xuzhou Construction Machinery Group Co., Ltd.: Key Developments
- Table 79 Terex Corporation: Products/Services Offered
- Table 80 Terex Corporation: Key Developments
- Table 81 Wacker Neuson Se: Products Offered
- Table 82 Wacker Neuson Se: Key Developments
- Table 83 Hitachi Construction Machinery Co., Ltd.: Products Offered
- Table 84 Hitachi Construction Machinery Co., Ltd.: Key Developments
- Table 85 Deere & Company: Products Offered
- Table 86 Doosan Bobcat: Key Developments
- Table 87 Doosan Bobcat: Products Offered
- Table 88 Doosan Bobcat: Key Developments
- Table 89 Komatsu Ltd: Products Offered
- Table 90 Komatsu Ltd: Key Developments
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Global Heavy Construction Equipment Market Analysis By Type
- Figure 3 Global Heavy Construction Equipment Market Analysis By Application
- Figure 4 Global Heavy Construction Equipment Market Analysis By End Use
- Figure 5 Global Heavy Construction Equipment Market Analysis By Region
- Figure 6 Global Heavy Construction Equipment Market: Market Structure
- Figure 7 Research Process Of Mrfr
- Figure 8 Dro Analysis Of Global Heavy Construction Equipment Market
- Figure 9 Drivers Impact Analysis: Heavy Construction Equipment Market
- Figure 10 Restraints Impact Analysis: Heavy Construction Equipment Market
- Figure 11 Supply / Value Chain: Global Heavy Construction Equipment Market
- Figure 13 Global Heavy Construction Equipment Market, By Type, 2021 (% Share)
- Figure 14 Global Heavy Construction Equipment Market, By Type, 2018 To 2030 (Usd Billion)
- Figure 15 Global Heavy Construction Equipment Market, By Application, 2021 (% Share)
- Figure 16 Global Heavy Construction Equipment Market, By Application, 2018 To 2030 (Usd Billion)
- Figure 17 Global Heavy Construction Equipment Market, By End Use, 2021 (% Share)
- Figure 18 Global Heavy Construction Equipment Market, By End Use, 2018 To 2030 (Usd Billion)
- Figure 19 Global Heavy Construction Equipment Market, By Region, 2021 To 2030 (Usd Billion)
- Figure 20 Global Heavy Construction Equipment Market, By Region, 2021 (% Share)
- Figure 21 North America: Heavy Construction Equipment Market Share, By Country, 2021 (% Share)
- Figure 22 Europe: Heavy Construction Equipment Market Share, By Country, 2021 (% Share)
- Figure 23 Asia Pacific: Heavy Construction Equipment Market Share, By Country, 2021 (% Share)
- Figure 24 Middle East & Africa: Heavy Construction Equipment Market Share, By Country, 2021 (% Share)
- Figure 25 South America: Heavy Construction Equipment Market Share, By Country, 2021 (% Share)
- Figure 26 Benchmarking Of Major Competitors
- Figure 27 Global Heavy Construction Equipment Major Players Market Share Analysis, 2021 (%)
- Figure 28 Market Share Analysis, By Earthmoving Equipment
- Figure 29 Market Share Analysis, By Material Handling
- Figure 30 Market Share Analysis, By Heavy Vehicles
- Figure 31 Market Share Analysis, By Crushers
- Figure 32 Market Share Analysis, By Metals Industry
- Figure 33 Market Share Analysis, By Mineral Industry
- Figure 34 Market Share Analysis, By Coal Industry
- Figure 35 Market Share Analysis, By Aggregates Industry
- Figure 36 Market Share Analysis, By Infrastructure Industry
- Figure 37 Market Share Analysis, By Real Estate Industry
- Figure 38 Market Share Analysis, By Oil & Gas Industry
- Figure 39 Market Share Analysis, By Mining Industry
- Figure 40 Market Share Analysis, By Forestry & Agriculture Industry
- Figure 41 Volvo Group: Financial Overview Snapshot
- Figure 42 Volvo Group: Swot Analysis
- Figure 43 Sany Heavy Industry Co., Ltd.: Financial Overview Snapshot
- Figure 44 Sany Heavy Industry Co., Ltd.: Swot Analysis
- Figure 45 Liebherr Ag: Financial Overview Snapshot
- Figure 46 Liebherr Ag: Swot Analysis
- Figure 47 Jcb: Swot Analysis
- Figure 48 Cnh Industrial N.V: Financial Overview Snapshot
- Figure 49 Cnh Industrial N.V: Swot Analysis
- Figure 50 Caterpillar Inc: Financial Overview Snapshot
- Figure 51 Caterpillar Inc: Swot Analysis
- Figure 52 Xuzhou Construction Machinery Group Co., Ltd.: Financial Overview Snapshot
- Figure 53 Xuzhou Construction Machinery Group Co., Ltd.: Swot Analysis
- Figure 54 Terex Corporation: Financial Overview Snapshot
- Figure 55 Terex Corporation: Swot Analysis
- Figure 56 Wacker Neuson Se: Financial Overview Snapshot
- Figure 57 Wacker Neuson Se: Swot Analysis
- Figure 58 Hitachi Construction Machinery Co., Ltd.: Financial Overview Snapshot
- Figure 59 Hitachi Construction Machinery Co., Ltd.: Swot Analysis
- Figure 60 Deere & Company: Financial Overview Snapshot
- Figure 61 Deere & Company: Swot Analysis
- Figure 62 Doosan Bobcat: Financial Overview Snapshot
- Figure 63 Doosan Bobcat: Swot Analysis
- Figure 64 Komatsu Ltd: Financial Overview Snapshot
- Figure 65 Komatsu Ltd: Swot Analysis
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