U.S. Construction Equipment Market - Strategic Assessment & Forecast 2021-2027
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. Construction Equipment Market Strategic Assessment & Forecast Report
U.S. construction equipment market size will be valued at USD 32.68 billion and to reach a volume of 1,91,836 units by 2027, growing at a compound annual growth rate (CAGR) of 6.23% by volume during 2021-2027
The reopening of manufacturing plants after COVID-19 and building more manufacturing plants to reduce the growth of unemployment going to be driving factors for the demand of construction equipment market by manufacturing. The construction sector at various levels under private, state, and federal governments are all expected to boom away with double-digit growth at least through 2022 and 2023 due to the increase in arms exports from the United States to boost the construction equipment market.
U.S. CONSTRUCTION EQUIPMENT MARKET INSIGHTS
KEY HIGHLIGHTS FROM THE REPORT
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of-
1. What is the current size of the United States construction equipment market?
2. What are the new market trends impacting the growth of the construction equipment market in the U.S.?
3. Who are the key players in the US heavy construction equipment market?
4. Which market segment holds the highest share of the construction equipment market?
5. What are the applications in the United States construction equipment market?
U.S. construction equipment market size will be valued at USD 32.68 billion and to reach a volume of 1,91,836 units by 2027, growing at a compound annual growth rate (CAGR) of 6.23% by volume during 2021-2027
The reopening of manufacturing plants after COVID-19 and building more manufacturing plants to reduce the growth of unemployment going to be driving factors for the demand of construction equipment market by manufacturing. The construction sector at various levels under private, state, and federal governments are all expected to boom away with double-digit growth at least through 2022 and 2023 due to the increase in arms exports from the United States to boost the construction equipment market.
U.S. CONSTRUCTION EQUIPMENT MARKET INSIGHTS
- The demand for construction equipment is strong in the US primarily due to the government's significant support for technologically advanced equipment in manufacturing, energy, and power, transportation, hybrid vehicles, and other industries.
- The use of prefabricated units in the construction of buildings is likely to boost the construction equipment market.
- The construction equipment market is expected to fuel due to the high demand for electric vehicles.
KEY HIGHLIGHTS FROM THE REPORT
- By switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.
- The construction equipment market is booming in the US. Although end-users still buy most construction equipment, an increasing proportion are being bought by construction equipment companies from domestic players in the US.
- Due to the US government's increase in construction spending, equipment used in the construction industry accounted for the largest market share of nearly 50% in 2020.
- Demand for earthmoving equipment in the US is increasing rapidly due to several infrastructure projects introduced by the US government, such as Airport Development Projects. Its excavation feature carries large amounts of weight.
- Earth Moving Equipment
- Excavator
- Backhoe loader
- Motor Grader
- Other Earth Moving Equipment
- Road Construction Equipment
- Asphalt Paver
- Road Roller
- Material Handling Equipment
- Crane
- Forklift and Telescopic Handler
- Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissors Lifts, etc.)
- Construction
- Manufacturing
- Mining
- Others
- The construction equipment market is consolidated, with Caterpillar the leader, followed by John Deere and Komatsu.
- Hitachi Construction Machinery dissolves joint venture John Deere outlines a bold vision for HCMA in the Americas. Hitachi ZW180-6 Wheel Loader Presented 2020 Top 100 New Products Award by Construction Equipment Magazine.
- Caterpillar
- Komatsu
- Hitachi
- Volvo
- Terex Corporation
- Liebherr
- John Deere
- SANY Group
- Hyundai Heavy Industries
- Kobelco Construction Machinery.
- Manitowoc
- JLG Industries
- Kubota Corporation
- ASTEC Industries
- Bobcat
- M&B Construction Equipment
- Lulich Implement
- Lindstrom Equipment
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of-
- Volume (Unit sales)
- Excavator Type
- Application
- Value (USD)
- Excavator Type
- Application
- Gain competitive intelligence about the economic scenario, advantages in the United States, major projects and investments, market dynamics, and market share
- Examples of latest technologies
- Get presentation-ready format and easy-to-interpret data.
- Enable decision-makers to make informed and profitable choices
- Gain expert quantitative and qualitative analysis on value/volume growth projections of the United States construction equipment market share.
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market.
- Company Profile of 15 significant vendors
1. What is the current size of the United States construction equipment market?
2. What are the new market trends impacting the growth of the construction equipment market in the U.S.?
3. Who are the key players in the US heavy construction equipment market?
4. Which market segment holds the highest share of the construction equipment market?
5. What are the applications in the United States construction equipment market?
SECTION 1 – INTRODUCTION
• Market Snapshot
• Executive Summary
SECTION 2 – MARKET OVERVIEW
• Current Economic Scenario, Foreign Direct Investment, Competitive Advantages Enjoyed by US, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact
SECTION 3 - TECHNOLOGICAL DEVELOPMENT
• Advent of New Technology
SECTION 4 - MARKET DYNAMICS
• Market Drivers, Restraints, & Trends
SECTION 5 – US CONSTRUCTION EQUIPMENT (TYPE & APPLICATION)
5.1 US Construction Equipment Market by Type (Volume & Value)
5.1.1. Earthmoving Equipment
1. EXCAVATOR
2. BACKHOE LOADER
3. MOTOR GRADER
4. OTHER EARTHMOVING EQUIPMENT (OTHER LOADERS, BULLDOZER, TRENCHER, ETC.)
5.1.2. Road Construction Equipment
1. ASPHALT PAVER
2. ROAD ROLLER
5.1.3. Material Handling Equipment
1. CRANE
2. FORKLIFT AND TELESCOPIC HANDLER
3. AERIAL PLATFORM (ARTICULATED BOOM LIFTS, TELESCOPIC BOOM LIFTS, SCISSOR LIFTS, ETC)
5.2 US Construction Equipment Market by Application (Volume & Value)
1. CONSTRUCTION
2. MINING
3. MANUFACTURING
4. OTHERS (POWER GENERATION AND UTILITIES, MUNICIPAL CORPORATION, ETC.)
SECTION 6 – COMPETITIVE LANDSCAPE
1. COMPETITIVE LANDSCAPE OVERVIEW
2. COMPANY PROFILE OF MAJOR VENDORS (CATERPILLAR, KOMATSU, HITACHI CONSTRUCTION MACHINERY, VOLVO CONSTRUCTION EQUIPMENT, TEREX CORPORATION, LIEBHERR, DEERE & COMPANY, SANY AMERICA, HYUNDAI CONSTRUCTION EQUIPMENT AMERICAS, KOBELCO CONSTRUCTION MACHINERY U.S.A)
3. OTHER PROMINENT VENDORS
4. DISTRIBUTORS PROFILE
SECTION 7 – REPORT SUMMARY
1. KEY INSIGHTS
SECTION 8 – REPORT SCOPE & DEFINITION
1. RESEARCH METHODOLOGY
2. RESEARCH OBJECTIVE
3. MARKET DEFINITION, INCLUSION & EXCLUSION
• Market Snapshot
• Executive Summary
SECTION 2 – MARKET OVERVIEW
• Current Economic Scenario, Foreign Direct Investment, Competitive Advantages Enjoyed by US, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact
SECTION 3 - TECHNOLOGICAL DEVELOPMENT
• Advent of New Technology
SECTION 4 - MARKET DYNAMICS
• Market Drivers, Restraints, & Trends
SECTION 5 – US CONSTRUCTION EQUIPMENT (TYPE & APPLICATION)
5.1 US Construction Equipment Market by Type (Volume & Value)
5.1.1. Earthmoving Equipment
1. EXCAVATOR
2. BACKHOE LOADER
3. MOTOR GRADER
4. OTHER EARTHMOVING EQUIPMENT (OTHER LOADERS, BULLDOZER, TRENCHER, ETC.)
5.1.2. Road Construction Equipment
1. ASPHALT PAVER
2. ROAD ROLLER
5.1.3. Material Handling Equipment
1. CRANE
2. FORKLIFT AND TELESCOPIC HANDLER
3. AERIAL PLATFORM (ARTICULATED BOOM LIFTS, TELESCOPIC BOOM LIFTS, SCISSOR LIFTS, ETC)
5.2 US Construction Equipment Market by Application (Volume & Value)
1. CONSTRUCTION
2. MINING
3. MANUFACTURING
4. OTHERS (POWER GENERATION AND UTILITIES, MUNICIPAL CORPORATION, ETC.)
SECTION 6 – COMPETITIVE LANDSCAPE
1. COMPETITIVE LANDSCAPE OVERVIEW
2. COMPANY PROFILE OF MAJOR VENDORS (CATERPILLAR, KOMATSU, HITACHI CONSTRUCTION MACHINERY, VOLVO CONSTRUCTION EQUIPMENT, TEREX CORPORATION, LIEBHERR, DEERE & COMPANY, SANY AMERICA, HYUNDAI CONSTRUCTION EQUIPMENT AMERICAS, KOBELCO CONSTRUCTION MACHINERY U.S.A)
3. OTHER PROMINENT VENDORS
4. DISTRIBUTORS PROFILE
SECTION 7 – REPORT SUMMARY
1. KEY INSIGHTS
SECTION 8 – REPORT SCOPE & DEFINITION
1. RESEARCH METHODOLOGY
2. RESEARCH OBJECTIVE
3. MARKET DEFINITION, INCLUSION & EXCLUSION
LIST OF EXHIBITS
Exhibit 1 US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)
Exhibit 2 US Construction Equipment Market by Type 2020 (% Volume Share)
Exhibit 3 US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)
Exhibit 4 US Construction Equipment Market By Value, 2018–2027 ($ MN)
Exhibit 5 US Construction Equipment Market by Application, 2020 (%)
Exhibit 6 US Construction Equipment Market by Type, 2018–2027 (Unit Sales)
Exhibit 7 US GDP, 2015–2020 ($ TN)
Exhibit 8 Export Value of Construction Equipment, 2019 ($ MN)
Exhibit 9 Import Value of Construction Equipment, 2019 ($ MN)
Exhibit 10 US Construction Spending, 2015–2020 ($ BN)
Exhibit 11 Global Share of Major Arms Exporters, 2016–2020 (%)
Exhibit 12 Aluminum Consumption by End-use Industries in US, 2020 (% share)
Exhibit 13 US Construction Equipment Market by Type, 2018-2027 (Unit Sales)
Exhibit 14 US Construction Equipment Market by Type, 2020 (Volume Share %)
Exhibit 15 US Construction Equipment by Application, 2018-2027 (Unit sales)
Exhibit 16 US Earth Moving Equipment Market, 2018–2027 (Unit Sales)
Exhibit 17 US Earth Moving Equipment Market, 2018–2027 ($ MN)
Exhibit 18 US Excavator Market, 2018–2027 (Unit Sales)
Exhibit 19 US Excavator Market, 2018–2027 ($ MN)
Exhibit 20 US Backhoe Loader Market, 2018–2027 (Unit Sales)
Exhibit 21 US Backhoe Loder Market, 2018–2027 ($ MN)
Exhibit 22 US Motor Grader Market, 2018–2027 (Unit Sales)
Exhibit 23 US Motor Grader Market, 2018–2027 ($ MN)
Exhibit 24 US Other Earthmoving Equipment Market, 2018–2027 (Unit Sales)
Exhibit 25 US Other Earthmoving Equipment Market, 2018–2027 ($ MN)
Exhibit 26 US Road Construction Equipment Market, 2018–2027 (Unit Sales)
Exhibit 27 US Road Construction Equipment Market, 2018–2027 ($ MN)
Exhibit 28 US Asphalt Paver Market, 2018-2027 (Unit Sales)
Exhibit 29 US Asphalt Paver Market, 2018-2027 ($ MN)
Exhibit 30 US Road Roller Market, 2018-2027 (Unit Sales)
Exhibit 31 US Road Roller Market, 2018-2027 ($ MN)
Exhibit 32 US Material Handling Equipment Market, 2018-2027 (Unit Sales)
Exhibit 33 US Material Handling Equipment Market, 2018-2027 ($ MN)
Exhibit 34 US Crane Market, 2018-2027 (Unit Sales)
Exhibit 35 US Crane Market, 2018-2027 ($ MN)
Exhibit 36 US Forklift & Telescopic Handler Market, 2018-2027 (Unit Sales)
Exhibit 37 US Forklift & Telescopic Handler Market, 2018-2027 ($ MN)
Exhibit 38 US Aerial Platform Market, 2018-2027 (Unit Sales)
Exhibit 39 US Aerial Platform Market, 2018-2027 ($ MN)
Exhibit 40 US Construction Spending, 2015–2020 ($ MN)
Exhibit 41 US Construction Equipment Market By Construction 2018–2027 (Unit Sales)
Exhibit 42 US Construction Equipment Market By Construction 2018–2027 ($ MN)
Exhibit 43 US Construction Equipment Market By Mining, 2018–2027 (Unit Sales)
Exhibit 44 US Construction Equipment Market By Mining, 2018–2027 ($ MN)
Exhibit 45 US Construction Equipment Market By Manufacturing, 2018–2027 (Unit Sales)
Exhibit 46 US Construction Equipment Market By Manufacturing 2018–2027 ($ MN)
Exhibit 47 US Construction Equipment Market By Others, 2018–2027 (Unit Sales)
Exhibit 48 US Construction Equipment Market By Others, 2018–2027 ($ MN)
Exhibit 49 Caterpillar, Total Revenue, 2020 ($ BN)
Exhibit 50 Caterpillar, Sales By Region, 2020 ($ BN)
Exhibit 51 Komatsu, Consolidated Net Sales, 2018–2020 ($ BN)
Exhibit 52 Komatsu, Breakdown of Net Sales by Segment, 2020 ($ BN)
Exhibit 53 Hitachi, Y-o-Y Revenue March, 2020–2021 ($ BN)
Exhibit 54 Volvo, Share of Net Sales By Market, 2020 (% share)
Exhibit 55 Liebherr, Turnover by Region, 2020 ($ MN)
Exhibit 56 Manitowoc, Sales by Region, 2020 (%)
Exhibit 57 Manitowoc, New product Introduction, 2016-2020
Exhibit 1 US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)
Exhibit 2 US Construction Equipment Market by Type 2020 (% Volume Share)
Exhibit 3 US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)
Exhibit 4 US Construction Equipment Market By Value, 2018–2027 ($ MN)
Exhibit 5 US Construction Equipment Market by Application, 2020 (%)
Exhibit 6 US Construction Equipment Market by Type, 2018–2027 (Unit Sales)
Exhibit 7 US GDP, 2015–2020 ($ TN)
Exhibit 8 Export Value of Construction Equipment, 2019 ($ MN)
Exhibit 9 Import Value of Construction Equipment, 2019 ($ MN)
Exhibit 10 US Construction Spending, 2015–2020 ($ BN)
Exhibit 11 Global Share of Major Arms Exporters, 2016–2020 (%)
Exhibit 12 Aluminum Consumption by End-use Industries in US, 2020 (% share)
Exhibit 13 US Construction Equipment Market by Type, 2018-2027 (Unit Sales)
Exhibit 14 US Construction Equipment Market by Type, 2020 (Volume Share %)
Exhibit 15 US Construction Equipment by Application, 2018-2027 (Unit sales)
Exhibit 16 US Earth Moving Equipment Market, 2018–2027 (Unit Sales)
Exhibit 17 US Earth Moving Equipment Market, 2018–2027 ($ MN)
Exhibit 18 US Excavator Market, 2018–2027 (Unit Sales)
Exhibit 19 US Excavator Market, 2018–2027 ($ MN)
Exhibit 20 US Backhoe Loader Market, 2018–2027 (Unit Sales)
Exhibit 21 US Backhoe Loder Market, 2018–2027 ($ MN)
Exhibit 22 US Motor Grader Market, 2018–2027 (Unit Sales)
Exhibit 23 US Motor Grader Market, 2018–2027 ($ MN)
Exhibit 24 US Other Earthmoving Equipment Market, 2018–2027 (Unit Sales)
Exhibit 25 US Other Earthmoving Equipment Market, 2018–2027 ($ MN)
Exhibit 26 US Road Construction Equipment Market, 2018–2027 (Unit Sales)
Exhibit 27 US Road Construction Equipment Market, 2018–2027 ($ MN)
Exhibit 28 US Asphalt Paver Market, 2018-2027 (Unit Sales)
Exhibit 29 US Asphalt Paver Market, 2018-2027 ($ MN)
Exhibit 30 US Road Roller Market, 2018-2027 (Unit Sales)
Exhibit 31 US Road Roller Market, 2018-2027 ($ MN)
Exhibit 32 US Material Handling Equipment Market, 2018-2027 (Unit Sales)
Exhibit 33 US Material Handling Equipment Market, 2018-2027 ($ MN)
Exhibit 34 US Crane Market, 2018-2027 (Unit Sales)
Exhibit 35 US Crane Market, 2018-2027 ($ MN)
Exhibit 36 US Forklift & Telescopic Handler Market, 2018-2027 (Unit Sales)
Exhibit 37 US Forklift & Telescopic Handler Market, 2018-2027 ($ MN)
Exhibit 38 US Aerial Platform Market, 2018-2027 (Unit Sales)
Exhibit 39 US Aerial Platform Market, 2018-2027 ($ MN)
Exhibit 40 US Construction Spending, 2015–2020 ($ MN)
Exhibit 41 US Construction Equipment Market By Construction 2018–2027 (Unit Sales)
Exhibit 42 US Construction Equipment Market By Construction 2018–2027 ($ MN)
Exhibit 43 US Construction Equipment Market By Mining, 2018–2027 (Unit Sales)
Exhibit 44 US Construction Equipment Market By Mining, 2018–2027 ($ MN)
Exhibit 45 US Construction Equipment Market By Manufacturing, 2018–2027 (Unit Sales)
Exhibit 46 US Construction Equipment Market By Manufacturing 2018–2027 ($ MN)
Exhibit 47 US Construction Equipment Market By Others, 2018–2027 (Unit Sales)
Exhibit 48 US Construction Equipment Market By Others, 2018–2027 ($ MN)
Exhibit 49 Caterpillar, Total Revenue, 2020 ($ BN)
Exhibit 50 Caterpillar, Sales By Region, 2020 ($ BN)
Exhibit 51 Komatsu, Consolidated Net Sales, 2018–2020 ($ BN)
Exhibit 52 Komatsu, Breakdown of Net Sales by Segment, 2020 ($ BN)
Exhibit 53 Hitachi, Y-o-Y Revenue March, 2020–2021 ($ BN)
Exhibit 54 Volvo, Share of Net Sales By Market, 2020 (% share)
Exhibit 55 Liebherr, Turnover by Region, 2020 ($ MN)
Exhibit 56 Manitowoc, Sales by Region, 2020 (%)
Exhibit 57 Manitowoc, New product Introduction, 2016-2020
LIST OF TABLES
Table 1 Investment Type, 2018-2020
Table 2 Top Sectors Drawing Investments, 2019 (%)
Table 3 Top Investing Countries, 2019 (%)
Table 4 Foreign Direct Investment: Net Inflow (% of GDP), 2015-2019
Table 5 Mineral Prices Drop: March & April, 2020
Table 6 Infrastructure Bill Allocations by States ($ BN)
Table 7 Top 5 Importers of Military Weapons from the US (2019)
Table 8 Types of Construction Equipment, Expected Value
Table 9 Key Insights
Table 10 Abbreviations
Table 1 Investment Type, 2018-2020
Table 2 Top Sectors Drawing Investments, 2019 (%)
Table 3 Top Investing Countries, 2019 (%)
Table 4 Foreign Direct Investment: Net Inflow (% of GDP), 2015-2019
Table 5 Mineral Prices Drop: March & April, 2020
Table 6 Infrastructure Bill Allocations by States ($ BN)
Table 7 Top 5 Importers of Military Weapons from the US (2019)
Table 8 Types of Construction Equipment, Expected Value
Table 9 Key Insights
Table 10 Abbreviations