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Construction Equipment Market Size, Share & Trends Analysis Report By Product (Earth Moving Machinery, Machine Handling Machinery, Concrete And Road Construction Machinery), By Region, And Segment Forecasts, 2023 - 2030

February 2023 | 170 pages | ID: CE490243DD6EN
Grand View Research, Inc.

US$ 4,950.00

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Construction Equipment Market Growth & Trends

The global construction equipment market size is projected to reach USD 161.99 billion by 2030, registering a 3.9% CAGR from 2023 to 2030, according to a new study by Grand View Research Inc. The rising investments made by governments around the world in the development of public infrastructure is one of the key factors anticipated to fuel the growth of industry over the projected period. Additionally, the demand for construction equipment is predicted to rise as a result of the increased residential and commercial construction activity caused by the growing population in emerging nations like India.

In the upcoming years, the industry is predicted to grow due to favorable government efforts. For instance, the U.S. federal government's announcement of stimulus packages in August 2021, which included USD 550 billion in new federal investment for infrastructure modernization, is anticipated to spur building spending in the nation. Similar to this, the Government of India announced in 2019 that it will invest USD 1.4 trillion for infrastructure projects from 2019 to 2023; this represents the country's anticipated demand for construction equipment throughout the forecast period.

The COVID-19 pandemic hindered the market expansion due to supply chain interruptions and temporary closure of dealer locations. The resumption of building for ongoing and new projects, however, resulted in a significant rise in demand for construction equipment in 2021. The market's expansion is anticipated to be hampered over the forecast period by an abrupt demand for infrastructure and development, which will lead to a lack of inventories and an increase in the price of base materials.

High ownership costs are one of the key factors limiting the expansion of the construction equipment business. These machines need frequent maintenance, such as oil and other lubricant changes, engine and hydraulic motor service, filter replacement, and tire-related work, which has a significant impact on market data. Additionally, industry players are concentrating on providing intelligent construction equipment, which needs skilled operators for safe and secure utilization. The adoption of construction equipment is being hampered by a lack of qualified and professional operators in the market.

Construction Equipment Market Report Highlights
  • The earthmoving machinery segment dominated the market in 2022. The segment is expected to witness progressive demand owing to the increasing investments for industrial and commercial construction projects in emerging economies of the Asia Pacific and the Middle East and Africa
  • The material handling machinery segment is expected to register a CAGR exceeding 4.9 % over the forecast period. It can be ascribed to an increase in demand for crawler cranes that offer greater convenience and ease of accessibility in small construction sites, especially in urban areas
  • The concrete and road construction machinery is projected to expand at a CAGR exceeding 5.8% in the forecast period. Favorable government initiatives to increase their investment in highway construction are anticipated to drive the growth of the segment.
  • Industry expansion will be aided by construction companies and building contractors directing their attention to accelerating construction operations without sacrificing safety and security.
  • Several governments, including those in the Taiwan, New Zealand, U.K., Brazil, and France, are concentrating on enhancing their transportation and construction infrastructures. To speed up their economic growth, these governments are significantly funding numerous infrastructural projects.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Methodology Segmentation & Scope
1.2. Information Procurement
  1.2.1. Purchased database
  1.2.2. GVR’s internal database
  1.2.3. Secondary sources & third-party perspectives
  1.2.4. Primary research
1.3. Information Analysis
  1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Construction Equipment Market - Industry Snapshot, 2018 - 2030

CHAPTER 3. CONSTRUCTION EQUIPMENT MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Size and Growth Prospects, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint/Challenge Analysis
  3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
  3.5.1. Industry Analysis - Porter's Five Forces Analysis
  3.5.2. PEST Analysis
  3.5.3. COVID-19 Impact Analysis

CHAPTER 4. CONSTRUCTION EQUIPMENT MARKET PRODUCT OUTLOOK

4.1. Construction Equipment Market Share by Product, 2022 & 2030 (USD Billion)
4.2. Earth Moving Machinery
  4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
  4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.2.3. Excavators
    4.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.2.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.2.4. Loaders
    4.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.2.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.2.5. Others
    4.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.2.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.3. Material Handling Machinery
  4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.3.3. Crawler Cranes
    4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.3.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.3.4. Trailer Mounted Cranes
    4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.3.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.3.5. Truck Mounted Cranes
    4.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.3.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.3.6. Truck Mounted Cranes
    4.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.3.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.3.6. Forklift
    4.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.3.6.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
4.4. Concrete and Road Construction Machinery
  4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.4.3. Concrete Mixer & Pavers
    4.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.4.4. Construction Pumps
    4.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)
  4.4.5. Others
    4.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    4.4.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Billion)

CHAPTER 5. CONSTRUCTION EQUIPMENT MARKET: REGIONAL OUTLOOK

5.1. Construction Equipment Market Share by Region, 2022 & 2030 (USD Billion)
5.2. North America
  5.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  5.2.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.2.3. U.S.
    5.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.2.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.2.4. Canada
    5.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.2.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
5.3. Europe
  5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  5.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.3.3. U.K.
    5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.3.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.3.4. Germany
    5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.3.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.3.5. France
    5.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.3.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.3.6. Italy
    5.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.3.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.3.6. Spain
    5.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.3.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
5.4. Asia Pacific
  5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  5.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.4.3. China
    5.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.4.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.4.4. India
    5.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.4.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.4.5. Japan
    5.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.4.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.4.6. Australia
    5.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.4.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.4.6. South Korea
    5.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.4.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
5.5. Latin America
  5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  5.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.5.3. Brazil
    5.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.5.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.5.4. Mexico
    5.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.5.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.5.5. Argentina
    5.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.5.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
5.6. Middle East & Africa
  5.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
  5.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.6.3. UAE
    5.6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.6.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.6.4. Kingdom of Saudi Arabia
    5.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.6.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)
  5.6.5. South Africa
    5.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    5.6.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Billion)

CHAPTER 6. COMPETITIVE LANDSCAPE

6.1. Caterpillar
6.2. CNH Industrial N.V.
6.3. Doosan Corporation
6.4. Escorts Limited
6.5. Hitachi Construction Machinery Co., Ltd
6.6. Hyundai Construction Equipment Co., Ltd.
6.7. J C Bamford Excavators Ltd.
6.8. Deere & Company.
6.9. Kobelco Construction Machinery Co., Ltd.
6.10. Komatsu Ltd.
6.11. Liebherr-International AG
6.12. Manitou BF
6.13. H?°DROMEK
6.14. Sany Heavy Industry Co., Ltd.
6.15. Sumitomo Heavy Industries, Ltd.
6.16. Terex Corporation
6.17. Volvo AB
6.18. Zoomlion Heavy Industry Science and Technology Co., Ltd.
LIST OF TABLES

Table 1 Construction Equipment market
Table 2 Construction Equipment market, 2018 - 2030 (USD Billion)
Table 3 Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 4 Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 5 Earth Moving Machinery Construction Equipment market, 2018 - 2030 (USD Billion)
Table 6 Earth Moving Machinery Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 7 Excavators Construction Equipment market, 2018 - 2030 (USD Billion)
Table 8 Excavators Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 9 Loaders Construction Equipment market, 2018 - 2030 (USD Billion)
Table 10 Loaders Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 11 Others Construction Equipment market, 2018 - 2030 (USD Billion)
Table 12 Others Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 13 Material Handling Machinery Construction Equipment market, 2018 - 2030 (USD Billion)
Table 14 Material Handling Machinery Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 15 Crawler Cranes Construction Equipment market, 2018 - 2030 (USD Billion)
Table 16 Crawler Cranes Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 17 Trailer Mounted Cranes Construction Equipment market, 2018 - 2030 (USD Billion)
Table 18 Trailer Mounted Cranes Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 19 Truck Mounted Cranes Construction Equipment market, 2018 - 2030 (USD Billion)
Table 20 Truck Mounted Cranes, Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 21 Forklift Construction Equipment market, 2018 - 2030 (USD Billion)
Table 22 Forklift Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 23 Concrete and Road Construction Machinery Construction Equipment market, 2018 - 2030 (USD Billion)
Table 24 Concrete and Road Construction Machinery Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 25 Concrete Mixer & Pavers, Construction Equipment market, 2018 - 2030 (USD Billion)
Table 26 Concrete Mixer & Pavers, Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 27 Construction Pump, Construction Equipment market, 2018 - 2030 (USD Billion)
Table 28 Construction Pump, Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 29 Others, Construction Equipment market, 2018 - 2030 (USD Billion)
Table 30 Others, Construction Equipment market, by region, 2018 - 2030 (USD Billion)
Table 31 North America Construction Equipment market, 2018 - 2030 (USD Billion)
Table 32 North America Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 33 U.S. Construction Equipment market, 2018 - 2030 (USD Billion)
Table 34 U.S. Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 35 Canada Construction Equipment market, 2018 - 2030 (USD Billion)
Table 36 Canada Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 37 Europe Construction Equipment market, 2018 - 2030 (USD Billion)
Table 38 Europe Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 39 U.K. Construction Equipment market, 2018 - 2030 (USD Billion)
Table 40 U.K. Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 41 Germany Construction Equipment market, 2018 - 2030 (USD Billion)
Table 42 Germany Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 43 France Construction Equipment market, 2018 - 2030 (USD Billion)
Table 44 France Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 45 Spain Construction Equipment market, 2018 - 2030 (USD Billion)
Table 46 Spain Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 47 Italy Construction Equipment market, 2018 - 2030 (USD Billion)
Table 48 Italy Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 49 Asia Pacific Construction Equipment market, 2018 - 2030 (USD Billion)
Table 50 Asia Pacific Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 51 China Construction Equipment market, 2018 - 2030 (USD Billion)
Table 52 China Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 53 India Construction Equipment market, 2018 - 2030 (USD Billion)
Table 54 India Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 55 Japan Construction Equipment market, 2018 - 2030 (USD Billion)
Table 56 Japan Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 57 Australia Construction Equipment market, 2018 - 2030 (USD Billion)
Table 58 Australia Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 59 South Korea Construction Equipment market, 2018 - 2030 (USD Billion)
Table 60 South Korea Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 61 Latin America Construction Equipment market, 2018 - 2030 (USD Billion)
Table 62 Latin America Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 63 Brazil Construction Equipment market, 2018 - 2030 (USD Billion)
Table 64 Brazil Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 65 Mexico Construction Equipment market, 2018 - 2030 (USD Billion)
Table 66 Mexico Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 67 Argentina Construction Equipment market, 2018 - 2030 (USD Billion)
Table 68 Argentina Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 69 MEA Construction Equipment market, 2018 - 2030 (USD Billion)
Table 70 MEA Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 71 UAE Construction Equipment market, 2018 - 2030 (USD Billion)
Table 72 UAE Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 73 KSA Construction Equipment market, 2018 - 2030 (USD Billion)
Table 74 KSA Construction Equipment market, by product, 2018 - 2030 (USD Billion)
Table 75 South Africa Construction Equipment market, 2018 - 2030 (USD Billion)
Table 76 South Africa Construction Equipment market, by product, 2018 - 2030 (USD Billion)
LIST OF FIGURES

Fig. 1 Construction Equipment market, 2022 (USD Billion)
Fig. 2 Construction Equipment market segment
Fig. 3 Construction Equipment market, 2018 - 2030 (USD Billion)
Fig. 4 Value chain analysis
Fig. 5 Construction Equipment market driver impact
Fig. 6 Construction Equipment market challenge impact
Fig. 7 Construction Equipment market- Lineage Outlook
Fig. 8 Construction Equipment market - Porter’s analysis
Fig. 9 Construction Equipment market - PEST analysis
Fig. 10 Construction Equipment market, by product, 2022 & 2030 (USD Billion)
Fig. 11 Construction Equipment market, by region, 2022 & 2030
Fig. 12 North America Construction Equipment Market - Key takeaways
Fig. 13 Europe Construction Equipment market - Key takeaways
Fig. 14 Asia Pacific Construction Equipment Market - Key takeaways
Fig. 15 Latin America Construction Equipment market - Key takeaways
Fig. 16 MEA Construction Equipment market - Key takeaways


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