Construction Equipment Market (By Product: Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global construction equipment market size was valued at USD 112.90 billion in 2021, and is predicted to be worth around USD 160.90 billion by 2030, registering a CAGR of 3.8% during the forecast period 2022 to 2030.

Growth Factors

Increasing investments by governments worldwide for developing public infrastructure is one of the prime factors that is expected to drive the market growth over the forecast period. Furthermore, the growing population in emerging economies such as India has resulted in increased residential and commercial construction activities, a trend that is expected to continue to increase the demand for construction equipment. Thus, the market is anticipated to grow steadily over the forecast period.

The COVID-19 outbreak hampered the growth of the market, due to supply chain disruptions and temporary shutdowns of dealer stores. However, in 2021, there was a sudden increase in demand for construction equipment due to the resumption of construction activity for halted and new projects. An abrupt demand for construction and infrastructure resulting in a shortage of inventories leading to an increase in the price of the commodity of base materials are expected to hinder the growth of the market over the forecast period.

The rising popularity of electric construction equipment is expected to create new revenue streams for the OEMs over the next few years. These equipment are operated on batteries and offer various attributes such as lower maintenance, reduced noise, lesser vibration and provides greater convenience for laborers to operate on the field. They are currently at the nascent stage and are expected to gain momentum over the forecast period. 

Increasing construction spending worldwide is one of the long-term factors expected to drive sales in the market over the forecast period. The U.S. has witnessed significant growth in construction spending over the last few years. Similarly, in Europe, upcoming multi-family housing construction projects commenced in Q3 2021 which includes Milanosesto Mixed-Use Complex (Italy), ZAC Campus Grand Parc Mixed-Use Development (France), Viadux Mixed-Use Community (U.K.), Camden Goods Yard Mixed-Use Community (U.K.), and Sackville Road Residential Community (U.K) are also expected to drive the market growth.

The growing population in Asia Pacific countries, notably China, India, and South Asian countries is creating the need for better infrastructure such as houses, schools, hospitals, stadiums, government buildings, and airports. Also, the demand for construction equipment is increasing from the residential construction sector owing to lower housing rates and rapid urbanization in China and India.

Report Coverage

By Product Analysis

The earthmoving machinery segment dominated the market with a revenue share of over 60% in 2021. The excavators sub-segment is projected to expand at a moderate CAGR during the forecast period on account of the booming infrastructure projects worldwide and the adoption of conventional heavy-duty excavators by builders and contractors for building dams and highways. 

A surge in need to maintain existing civil infrastructures, notably high-rise buildings is expected to raise the demand for material handling machinery globally. The crawler cranes segment is expected to register 5.8% CAGR over the forecast period owing to its compactness and ease of accessibility in small construction sites, especially in urban areas.

By Regional Analysis

Asia Pacific accounted for the largest revenue share of over 40% in 2021 and is expected to register a CAGR of over 4.0% from 2022 to 2030. The market growth is primarily ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries.

Asia Pacific accounted for the largest revenue share of over 40% in 2021 and is expected to register a CAGR of over 4.0% from 2022 to 2030. The market growth is primarily ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries.

Key Players

• Caterpillar

• CNH Industrial N.V.

• Doosan Corporation

• Escorts Limited

• Hitachi Construction Machinery Co., Ltd.

• Hyundai Construction Equipment Co., Ltd.

• J C Bamford Excavators Ltd.

• Deere & Company.

• Kobelco Construction Machinery Co., Ltd.

• Komatsu Ltd.

• Liebherr-International AG

• Manitou BF

• H?DROMEK

• Sany Heavy Industry Co., Ltd.

• Sumitomo Heavy Industries, Ltd.

• Terex Corporation

• Volvo AB

• Zoomlion Heavy Industry Science and Technology Co., Ltd

Market Segmentation

• By Product 

  • Earth Moving Machinery

    • Excavator

    • Loader

    • Others

  • Material Handling Machinery

    • Crawler Cranes

    • Trailer Mounted Cranes

    • Truck Mounted Cranes

  • Concrete and Road Construction Machinery

    • Concrete Mixer & Pavers

    • Construction Pumps

    • Others

• Region

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa

The construction equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of construction equipment market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global construction equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the construction equipment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted construction equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the construction equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of construction equipment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global construction equipment market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major construction equipment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of construction equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the construction equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

construction equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to construction equipment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of construction equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new construction equipment market. These factors have benefited the growth of the global market for construction equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for construction equipment. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of construction equipment are as follows:

• History Year: 2019-2021

• Base Year: 2022

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.