China Taiwan Crises
Construction Equipment Market

Construction Equipment Market Size, Share and Segmentation by Solution Type (product and service), by Equipment (heavy and compact construction equipment), by Type (Loader, cranes, forklift, excavator, dozers, others), by Application (excavation and mining, lifting and material handling, earth moving, transportation, others), by Industries (Oil and Gas, Construction and infrastructure, Manufacturing, Mining, Other), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1088 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Construction Equipment Market Size was valued at USD 161.26 Bn in 2021 and is expected to reach at USD 240.10 Bn by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028.

The overall ascent in construction activity is expected to drive the interest for this gear. Good government drives, for example, upgrade bundles and lower lodging rates that slanted buyers for new house buys are key elements expected to drive market development over the figure time frame. Notwithstanding, production network and stock worries combined with semiconductor deficiencies are probably going to frustrate the market development over the course of the following couple of years.

Construction Equipment Market Revenue Graph

The construction equipment market comprises of deals of development hardware, surface mining apparatus, and logging gear by elements (associations, sole brokers, or organizations) that produce development apparatus, including excavators, tractors, development and surface mining-type rock bores, development type work vehicles, and connections, off-roadway trucks, heap driving hardware, compact squashing, pummeling, and screening apparatus, fueled post-opening diggers, street graders and surface mining hardware (with the exception of penetrating). Just labor and products exchanged between substances or offered to end customers are incorporated.

The rising fame of electric construction equipment is supposed to make new income streams for the OEMs over the course of the following couple of years. This construction equipment is worked on batteries and proposition different qualities like lower upkeep, decreased clamor, lesser vibration and gives more prominent accommodation to workers to work on the field. They are presently at the beginning stage and are supposed to pick up speed over the figure time frame. OEMs like AB Volvo, Caterpillar, and Komastu have proactively popularized reduced electric earthmovers and wheel loaders on the lookout. Be that as it may, the high introductory forthright expense is supposed to be one of the bottlenecks for its reception during the conjecture time frame.

MARKET DYNAMICS: 

KEY DRIVERS:

  • Steady growth in private, business, and modern development, mine and well development, and institutional spending.

  • Rising modern and industrial construction development projects.

RESTRAINTS:

  • Governments strict regulations as well as carbon emissions.

  • Some development projects have been deferred or dropped because of COVID-19.

OPPORTUNITIES: 

  • Infrastructure development in developing countries.

  • Advance equipment reduces labor costs and works time.

CHALLENGES: 

  • Costly proprietorship costs.

  • Equipment has high upkeep costs.

  • Heavy construction equipment is responsible for ozone emission and responsible for reducing air quality.

  • The absence of able and talented administrators in the market is making an obstruction.

IMPACT OF COVID: 

The construction equipment market was hit most awful in the 3/4 of 2020 because of the critical spread of COVID-19. States across the globe acknowledged severe wellbeing measures including lockdown to contain the infection. This lockdown brought about the impermanent suspension of development exercises, closure of construction equipment producing organizations, and unsettling influence in worldwide imports and products. Organizations, like CNH Industrial N.V., Liebherr Group, and The Manitowoc Company, stopped their creation in 2020 for the wellbeing of their workers. Nonetheless, the business is supposed to observe a fast recuperation in 2022 drove by different government drives to work on the nation's framework.

MARKET ESTIMATION: 

The construction equipment market is segmented on the basis of solution type, equipment type, application type, type, application industry.by solution type it is divided into products and services. By equipment the construction equipment is classified into heavy construction and compact construction equipment. By type it is classified into loader, cranes, forklift, excavators, dozers, and others. By application, it is divided into excavation and mining, lifting, and material handling earth moving transportation and others by end users, it is grouped into oil and gas, construction and infrastructure, manufacturing, mining and others.

In 2019 the product segment of solution type segment dominated in the market in terms of revenue and is expected to maintain this trend during the forecast period. By equipment market segment the compact construction equipment during he forecast period market is expected to grow rapidly and in by type segment the loader is expected to dominate the market during the forecast period. In the application, the market segment the lifting and material handling segment is expected to grow at the highest during the forecast period in by user the market is dominated by the construction and infrastructure segment and is expected to remain dominated by the end of the forecast period.

KEY MARKET SEGMENTS:

By solution type:

  • Product

  • Services

By equipment type:

  • Heavy construction equipment

  • Compact construction equipment

By type:

  • Loader

  • Cranes

  • Forklift

  • Excavator

  • Dozers

  • Others

By application:

  • Excavation and mining

  • Lifting and material handling

  • Earth moving

  • Transportation

  • Others

By industries:

  • Oil and gas

  • Construction and infrastructure

  • Manufacturing

  • Mining

  • Others

Construction Equipment Market Segment Chart

REGIONAL ANALYSIS:

Asia Pacific represented the biggest income portion of more than 40% in 2021 and is supposed to enroll a CAGR of more than 4.0% from 2022 to 2028. The market development is fundamentally credited to great government arrangements to support framework projects across arising economies like India, China, and Southeast Asian nations. Furthermore, the new Regional Comprehensive Economic Partnership (RCEP) international alliance of China with Asia Pacific nations, including Japan, South Korea, Australia, and other more modest Southeast Asian nations, is supposed to foster high level vehicle framework exercises in the locale, along these lines driving the interest. The arrangement was strategic for China for reinforcing its local monetary securities to redirect from the delayed consequences of the U.S. China exchange war.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are HITACHI LTD., AB VOLVO, CATTERPILLAR INC., CNH INDUSTRIAL N.V, DEERE AND COMPANY, DOOSAN INFRACOE CO.LTD, J C BAMFORD EXCAVATORS. LTD., KOMATSU LTD, Liebherr-international AG, XCMG GROUP

 

Construction equipment Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 161.26 Billion
Market Size by 2028 US$ 240.10 Billion
CAGR CAGR of 5.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Solution Type (product and service)
• By Equipment (heavy and compact construction equipment)
• By Type (Loader, cranes, forklift, excavator, dozers, others)
• By Application (excavation and mining, lifting and material handling, earth moving, transportation, others)
• By Industries (Oil and Gas, Construction and infrastructure, Manufacturing, Mining, Other)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles HITACHI LTD., AB VOLVO, CATTERPILLAR INC., CNH INDUSTRIAL N.V, DEERE AND COMPANY, DOOSAN INFRACOE CO.LTD, J C BAMFORD EXCAVATORS. LTD., KOMATSU LTD, Liebherr-international AG, XCMG GROUP
DRIVERS • Steady growth in private, business, and modern development, mine and well development, and institutional spending.
• Rising modern and industrial construction development projects.
RESTRAINTS • Governments strict regulations as well as carbon emissions.
• Some development projects have been deferred or dropped because of COVID-19.


Frequently Asked Questions (FAQ) :

Ans: Asia Pacific represented the biggest income portion of more than 40% in 2021

Ans: 5 segments of the Construction Equipment Market

Ans: Decreased deal value of construction equipment projects are the restraints for Construction Equipment Market

Ans: The construction equipment market was hit most awful in the 3/4 of 2020 because of the critical spread of COVID-19. States across the globe acknowledged severe well-being measures including lockdown to contain the infection. This lockdown brought about the impermanent suspension of development exercises, closure of construction equipment producing organizations, and unsettling influence on worldwide imports and products.

Ans: The global construction equipment market size was valued at USD 112.98 billion in 2021.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Construction Equipment Market Segmentation, by Solution type

8.1 Products

8.2 Services

 

9. Construction Equipment Market Segmentation, by Equipment type

9.1 Heavy construction equipment

9.2 Compact construction equipment

 

10. Construction Equipment Market Segmentation, by Type

10.1 Loader

10.2 Cranes

10.3 Forklift

10.4 Excavator

10.5 Dozers

10.6 Others

 

11. Construction Equipment Market Segmentation, by Application

11.1 Excavation and mining

11.2 Lifting and material handling

11.3 Earth moving

11.4 Transportation

11.5 Others  

 

12. Construction Equipment Market Segmentation, by Industries

12.1 Oil and gas

12.2 Construction and infrastructure

12.3 Manufacturing

 

13 Regional Analysis

13.1 Introduction

13.2 North America

13.2.1  USA

13.2.2  Canada

13.2.3  Mexico

13.3 Europe

13.3.1  Germany

13.3.2  UK

13.3.3  France

13.3.4  Italy

13.3.5  Spain

13.3.6  The Netherlands

13.3.7  Rest of Europe

13.4 Asia-Pacific

13.4.1  Japan

13.4.2  South Korea

13.4.3  China

13.4.4  India

13.4.5  Australia

13.4.6  Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1  Israel

13.5.2  UAE

13.5.3  South Africa

13.5.4  Rest

13.6 Latin America

13.6.1  Brazil

13.6.2  Argentina

13.6.3  Rest of Latin America

 

 

14. Company Profiles

14.1 HITACHI LTD.

14.2 Financial

14.3 Products/ Services Offered

14.4 SWOT Analysis

14.5 The SNS view

14.2 AB VOLVO

14.3 CATTERPILLAR INC.

14.4 CNH INDUSTRIAL N.V

14.5 DEERE AND COMPANY

14.6 DOOSAN INFRACOE CO.LTD

14.7 J C BAMFORD EXCAVATORS. LTD.

14.8 KOMATSU LTD.

14.9 Liebherr-international AG

14.10 XCMG GROUP

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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Secondary Research

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