The global construction equipment market size is expected to reach around US$ 234.6 billion by 2030 from US$ 136.3 billion in 2020 and is expected to grow at an impressive double-digit rate of 5.9% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global construction equipment market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
We customize your report according to your research need. REQUEST CUSTOMIZED COPY OF REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1326
Crucial factors accountable for market growth are:
- Rising government expenditure on the development of infrastructure
- Introduction of IoT and ICT in the construction equipment
- Rapid urbanization and industrialization
- Rising number of construction of commercial spaces in developed and developing nations
- Development of eco-friendly and battery operated construction equipment
- Extensive usage of excavators for digging
- Rising number of residential complexes in developing regions
Report Highlights
- Based on the equipment type, the earthmoving segment dominated the market owing to the extensive use of excavators for digging the complex places during the construction. Further the rapid investment in the development of commercial and industrial spaces is expected to further drive the growth of this segment.
- Based on the application, the industrial segment is expected to be the fastest-growing segment during the forecast period. This is attributable to the rapid industrialization in developing nation and increased government initiatives and policies to drive the industrial development in the country.
Regional Snapshots
Asia Pacific dominated the global construction equipment market in 2020. This is attributed to the increased government expenditure on infrastructural development and increased rate of urbanization. According to the Asian Development Bank, Asia is rapidly being urbanized as compared to rest of the world. East Asia is developing (Urbanizing) at a CAGR of 3.7%, followed by South-East Asia at 3.6%, South Asia at 3.3%, and Central Asia at1.6%. The Pacific region is urbanizing at a CAGR of 2.9%. Further, the recent announcement of Indian government to invest INR 15 trillion for the development of highways in the country is a mere example of government expenditure and contribution towards the growth of the construction equipment industry.
On the other hand, Europe is expected to be the fastest-growing market during the forecast period. Europe has an increased demand for the construction of residential units, commercial space, and skyscraper buildings that is expected to fuel the demand for the construction equipment. Further, the latest technological advancements in the construction equipment is expected to drive the adoption of the equipment in the European market during the forecast period.
Why should you invest in this report?
If you are aiming to enter the global construction equipment market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for construction equipment are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global construction equipment market include:
- Caterpillar Inc.
- Komatsu
- Hitachi Construction Machinery
- Liebherr
- Volvo Construction Equipment
- Doosan Infracore Co. Ltd.
- J.C. Bamford Excavators Ltd.
- CNH Industrial NV
- SANY Group
- Hyundai Construction Equipment Co.
Market Segmentation:
By Equipment Type
- Earthmoving
- Material Handling
- Concrete
- Road Building
- Civil Engineering
- Crushing & Screening
- Others
By Application
- Commercial
- Residential
- Industrial
Regional Analysis:
The geographical analysis of the global construction equipment market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global construction equipment Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global construction equipment market in 2030?
- What is the expected CAGR for the construction equipment market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global construction equipment market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Construction Equipment Market
5.1. COVID-19 Landscape: Construction Equipment Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Construction Equipment Market, By Equipment
8.1. Construction Equipment Market, by Equipment Type, 2021-2030
8.1.1. Equipment Offering
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Material Handling
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Concrete
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Road Building
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Civil Engineering
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Crushing & Screening
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Construction Equipment Market, By Application
9.1. Construction Equipment Market, by Application, 2021-2030
9.1.1. Commercial
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Residential
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Industrial
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Construction Equipment Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Equipment (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Caterpillar Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Komatsu
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Hitachi Construction Machinery
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Liebherr
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Volvo Construction Equipment
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Doosan Infracore Co. Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. J.C. Bamford Excavators Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. CNH Industrial NV
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. SANY Group
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Hyundai Construction Equipment Co.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1326
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
0 Comments