Global Construction Equipment Market shows substantial growth due to emerging income and industrialization across the globe
The global construction equipment market expected to increase at better CAGR in the forecast periods, 2020-2027, due to increased urbanization, large-scale investment in infrastructure and industrial sectors, and increased construction activities in emerging economies. Improvements in facilities for government and private companies and expansion in material transportation leads to drive the construction equipment market in the future periods. Additionally, the rising demand for smart housing and smart buildings and various government-initiated schemes have emerged the need for the global construction equipment market.
The construction equipment market has shown the sluggish slowdown in past years due to financial crises and the economic downturn. However, there is a steady rise in the industry due to increasing urbanization and industrialization activities going across the globe. Further, the rising demand for the construction equipment market has increased owing to factors like rising pollution levels from construction activities, which is severely affecting health issues to the population, such as Asthma, Bronchitis, and others. Addition to it, the mortality rate of among premature and young population have increased. According to the World Bank, around 5.5 million premature deaths are witnessed due to pollution caused by the construction industry.
Nowadays, due to government stringent rules and regulations concerning pollution level, construction companies are adopting electric or hybrid vehicles to reduce carbon emission, new technical tools that do not harm the environment, and along with it, saves time and money. Moreover, heavy construction equipment is rented by many construction companies as they are highly expensive; thus, most construction companies take equipment on rent to utilize the cost and increase productivity. Construction equipment also used in excavation and demolition with the increased demand for excavations of precious mineral and metal mining activities around the world.
Types Overview in the Global Construction Equipment Market
Based on the type, the global construction equipment market segmented into Excavator - Crawler and Mini, Loader - Backhoe, Skid-steer, Wheeled, and Other Equipment. Loader- backhoe segment expected to witness the substantial growth in the forecast period. Owing to increased construction around the globe and mostly for carrying and loading of raw material at the construction site also for underwater tunnel construction and port extension cranes and loaders, which leads to more demand generation of the segment.
Category Overview in the Global Construction Equipment market
Based on category, the global construction equipment market classified into Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, and Other Equipment. Earthmoving equipment captured the demand in 2019, and it is expected to grow at a significant rate in 2020-2027 as well. Owing to increase demand for loaders and crane earthmoving equipment segment has also increased as they are heavy-duty vehicles that are used to relocate raw material, rock, soil, and other material to construction places. Thus, most of the market used earthmoving equipment extensively at a construction place.
Application Overview in the global Construction Equipment Market
Based on Application, the global construction equipment segmented into Infrastructure, Commercial Buildings, Residential Buildings, and Industrial Buildings. The infrastructure segment expected to boost the construction equipment market in the forecast period. The government is taking major initiative concerning the growing demand for smart homes, and other smart commercial buildings expected to increase the demand for infrastructure segments, thus, affect the growth of the global construction equipment market.
Region Overview in the global Construction Equipment Market
Based on geography, the global construction equipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific has captured the largest share among other regions. Owing to the factors, developing regions increase the construction equipment market and lead to an increase in the economic condition as employment will also increase. Therefore, the construction equipment demand will also be expected to boost in the forecast period.
Global Construction Equipment Market: Competitive Landscape
Companies such as Volvo Construction Equipment, CNH Industrial, Komatsu, Caterpillar, John Deere, Hitachi Construction Equipment, Liebherr, and other are the Prominent Players in the global construction equipment market.
Global Construction Equipment Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Analysis
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2019
4.7. Porter's Five forces analysis
4.8. New Investment Analysis
4.9. PESTEL Analysis
5. Global Construction Equipment Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. By Value (USD Million)
5.1.2. By Volume (Thousands Unit)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Type
5.2.1.1. Excavator - Crawler and Mini
5.2.1.2. Loader - Backhoe
5.2.1.3. Skid-steer
5.2.1.4. Wheeled
5.2.1.5. Other Equipment
5.2.2. By Category
5.2.2.1. Earthmoving Equipment
5.2.2.2. Material-Handling Equipment
5.2.2.3. Heavy Construction Vehicles
5.2.2.4. Other Equipment
5.2.3. By Application
5.2.3.1. Infrastructure
5.2.3.2. Commercial Buildings
5.2.3.3. Residential Buildings
5.2.3.4. Industrial Buildings
5.2.4. By Region
5.2.4.1. Europe
5.2.4.2. North America
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. Europe Construction Equipment Market Overview
6.1. Europe Construction Equipment Market Size & Forecast, 2016-2027
6.1.1. By Value (USD Million)
6.1.2. By Volume (Thousands Unit)
6.2. Europe Construction Equipment Market Share & Forecast, 2016-2027
6.2.1. By Type
6.2.1.1. Excavator - Crawler and Mini
6.2.1.2. Loader - Backhoe
6.2.1.3. Skid-steer
6.2.1.4. Wheeled
6.2.1.5. Other Equipment
6.2.2. By Category
6.2.2.1. Earthmoving Equipment
6.2.2.2. Material-Handling Equipment
6.2.2.3. Heavy Construction Vehicles
6.2.2.4. Other Equipment
6.2.3. By Application
6.2.3.1. Infrastructure
6.2.3.2. Commercial Buildings
6.2.3.3. Residential Buildings
6.2.3.4. Industrial Buildings
6.2.4. By Country
6.2.4.1. Germany
6.2.4.2. UK
6.2.4.3. France
6.2.4.4. Italy
6.2.4.5. Rest of Europe
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on Europe Construction Equipment Market
7. North America Construction Equipment Market Overview
7.1. North America Construction Equipment Market Size & Forecast, 2016-2027
7.1.1. By Value (USD Million)
7.1.2. By Volume (Thousands Unit)
7.2. North America Construction Equipment Market Share & Forecast, 2016-2027
7.2.1. By Type
7.2.1.1. Excavator - Crawler and Mini
7.2.1.2. Loader - Backhoe
7.2.1.3. Skid-steer
7.2.1.4. Wheeled
7.2.1.5. Other Equipment
7.2.2. By Category
7.2.2.1. Earthmoving Equipment
7.2.2.2. Material-Handling Equipment
7.2.2.3. Heavy Construction Vehicles
7.2.2.4. Other Equipment
7.2.3. By Application
7.2.3.1. Infrastructure
7.2.3.2. Commercial Buildings
7.2.3.3. Residential Buildings
7.2.3.4. Industrial Buildings
7.2.4. By Country
7.2.4.1. US
7.2.4.2. Canada
7.2.4.3. Mexico
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on North America Construction Equipment Market
8. Asia Pacific Construction Equipment Market Overview
8.1. Asia Pacific Construction Equipment Market Size & Forecast, 2016-2027
8.1.1. By Value (USD Million)
8.1.2. By Volume (Thousands Unit)
8.2. Asia Pacific Construction Equipment Market Share & Forecast, 2016-2027
8.2.1. By Type
8.2.1.1. Excavator - Crawler and Mini
8.2.1.2. Loader - Backhoe
8.2.1.3. Skid-steer
8.2.1.4. Wheeled
8.2.1.5. Other Equipment
8.2.2. By Category
8.2.2.1. Earthmoving Equipment
8.2.2.2. Material-Handling Equipment
8.2.2.3. Heavy Construction Vehicles
8.2.2.4. Other Equipment
8.2.3. By Application
8.2.3.1. Infrastructure
8.2.3.2. Commercial Buildings
8.2.3.3. Residential Buildings
8.2.3.4. Industrial Buildings
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Construction Equipment Market
9. South America Construction Equipment Market Overview
9.1. South America Construction Equipment Market Size & Forecast, 2016-2027
9.1.1. By Value (USD Million)
9.1.2. By Volume (Thousands Unit)
9.2. South America Construction Equipment Market Share & Forecast, 2016-2027
9.2.1. By Type
9.2.1.1. Excavator - Crawler and Mini
9.2.1.2. Loader - Backhoe
9.2.1.3. Skid-steer
9.2.1.4. Wheeled
9.2.1.5. Other Equipment
9.2.2. By Category
9.2.2.1. Earthmoving Equipment
9.2.2.2. Material-Handling Equipment
9.2.2.3. Heavy Construction Vehicles
9.2.2.4. Other Equipment
9.2.3. By Application
9.2.3.1. Infrastructure
9.2.3.2. Commercial Buildings
9.2.3.3. Residential Buildings
9.2.3.4. Industrial Buildings
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Construction Equipment Market
10. Middle East & Africa Construction Equipment Market Overview
10.1. Middle East & Africa Construction Equipment Market Size & Forecast, 2016-2027
10.1.1. By Value (USD Million)
10.1.2. By Volume (Thousands Unit)
10.2. Middle East & Africa Construction Equipment Market Share & Forecast, 2016-2027
10.2.1. By Type
10.2.1.1. Excavator - Crawler and Mini
10.2.1.2. Loader - Backhoe
10.2.1.3. Skid-steer
10.2.1.4. Wheeled
10.2.1.5. Other Equipment
10.2.2. By Category
10.2.2.1. Earthmoving Equipment
10.2.2.2. Material-Handling Equipment
10.2.2.3. Heavy Construction Vehicles
10.2.2.4. Other Equipment
10.2.3. By Application
10.2.3.1. Infrastructure
10.2.3.2. Commercial Buildings
10.2.3.3. Residential Buildings
10.2.3.4. Industrial Buildings
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Construction Equipment Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Volvo Construction Equipment
11.7.2. CNH Industrial
11.7.3. Komatsu
11.7.4. Caterpillar
11.7.5. John Deere
11.7.6. Hitachi Construction Equipment
11.7.7. Liebherr
11.7.8. Other Prominent Players
The Construction Site IOT Monitoring System Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
Market Overview
The Asia Pacific Commercial Vehicle Telematics Market is poised for significant growth from 2024 to 2034, driven by the increasing demand for real-time vehicle tracking, fleet management, and enhanced operational efficiency across various industries. The market is expect...
Market Overview
The Europe Commercial Vehicle Telematics Market is set to experience robust growth from 2024 to 2034, driven by the increasing adoption of connected technologies, enhanced fleet management solutions, and the need for real-time data analytics across commercial vehicle ope...
Market Overview
The North America Commercial Vehicle Telematics Market is poised for significant growth from 2024 to 2034, driven by the rising demand for real-time fleet monitoring, enhanced vehicle safety, and regulatory mandates for fleet management. The market is expected to expand ...
Market Overview
The Global Commercial Vehicle Telematics Market is projected to experience significant growth from 2024 to 2034, driven by the increasing demand for fleet management, enhanced safety protocols, and regulatory compliance across industries. In 2024, the market is valued at...
The Construction Equipment Engines Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manu...
The Reverse Osmosis Equipment Rental Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive lands...
The Autonomous Heavy Construction Equipment Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
The Mining Equipment Maintenance Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...
The Prefabricated Construction Software Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...