Construction Equipment Market by Equipment Type (Excavator, Loader, Dozer, Dump Truck, Compactor, Crane), Propulsion, Power Output, Engine Capacity, Application, Electric Construction Equipment, Battery Chemistry, & Region - Global Forecast to 2030
The construction equipment market is projected to grow from USD 149.78 billion in 2024 to USD 194.78 billion by 2030, at a CAGR of 3.8%. The overall market growth is propelled by the continuously increasing infrastructural investments in residential, non-residential, and commercial sectors in Asian countries. Additionally, the inclination towards electrification of construction equipment in Europe and North America will boost the demand for construction equipment in the coming years.
Lithium Iron Phosphate (LFP) batteries will be the fastest-growing battery chemistry in Electric Construction Equipment during the forecast period.
Lithium Iron Phosphate (LFP) battery growth is propelled by higher demand in the Asian market. These batteries offer high electrochemical stability with low resistance for the flow of charge, increasing the efficiency rate. Due to better temperature resistance, 80?90% discharge capacity, and easy availability of raw materials, many OEMs are transitioning to use LFP batteries over lithium nickel manganese cobalt (NMC). The technology also offers a longer life span, minimal maintenance, optimized safety, and lightweight. Major players such as Caterpillar Inc. (US), XCMG (China), and Sany Group (China) are increasingly using LFP chemistry to power their machines. Komatsu (Japan) offers electric excavators powered by LFP batteries and Caterpillar (US) offers electric wheel loaders that utilize LFP battery technology These factors are estimated to drive the market for LFP batteries in electric construction equipment.
The earthmoving equipment segment is predicted to be the largest and fastest-growing equipment category segment.
Earthmoving equipment is estimated to contribute >65% share in 2024 to the construction equipment market. The growth in this segment can be attributed to a wide range of equipment such as excavators (crawler and wheeled), loaders (backhoe, skid-steer), and motor graders. Among these, excavators are the most seen in the earthmoving equipment category, and continuously rising demand will keep them ahead during the forecast period. Asia Pacific is estimated to lead the earthmoving equipment market with more than 50% of the total market in 2024. The growth of earthmoving equipment in Asia is mainly due to countries like China and India. For instance, as per the National Bureau of Statistics, China has initiated 10,644 new water conservancy projects, including 609 projects; the country initiated 10,644 new water conservancy projects for 2022. The National Highways Authority of India (NHAI) planned to develop 23 new highways, including a network of expressways and economic corridors, by March 2025. Thus, such development projects would drive the demand for the earthmoving equipment category during the forecast period.
'North America is the world's second-largest construction equipment market.'
North America is estimated to hold >25% of the global construction equipment market. The US dominates the North American construction equipment market, accounting for ~80% in 2023. The construction industry in the North American market faced a decline in 2024, this was majorly due to the geopolitical unrest due to the Ukraine-Russia and Israel Palestine war and rising inflation rates and the fall is estimated to remain till mid of 2026, the market for construction equipment is expected to revive in the region from late 2026 to early 2027.. According to the Associated General Contractors of America (AGC), the construction market growth is attributed to increased residential and commercial construction spending. The US government's commitment to infrastructure projects, supported by funding from the Bipartisan Infrastructure Law, which allocates USD 5 Billion, emphasizes the anticipated growth in expanding roadways with investments from the government. The rising trend towards rental services for construction equipment is also expected to propel market expansion as companies look for cost-effective solutions between fluctuating economic conditions. The growing trend towards electric and hybrid construction equipment, supported by sustainability goals and new emission standards, is expected to contribute significantly to market expansion. The key players in the North American construction equipment market are Caterpillar (US), Deere & Company (US) and Terex Corporation (US).
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of Key drivers (Growth in infrastructure development projects, and Increasing demand for sustainable construction solutions), Restraint (Stringent international trade policies and mandates), opportunities (Ongoing development in lithium battery chemistry, Advancements in autonomous construction equipment and Rapid digitalization of services) and challenges (Limited battery capacity in electric equipment and Susceptibility to cyber-attacks) influencing the growth of construction equipment market.
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new products & services of the Construction equipment market
Market Development: Comprehensive information about the lucrative market – the report analyzes the construction equipment market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the construction equipment market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and Deere & Company (US). among others in the construction equipment market.
Lithium Iron Phosphate (LFP) batteries will be the fastest-growing battery chemistry in Electric Construction Equipment during the forecast period.
Lithium Iron Phosphate (LFP) battery growth is propelled by higher demand in the Asian market. These batteries offer high electrochemical stability with low resistance for the flow of charge, increasing the efficiency rate. Due to better temperature resistance, 80?90% discharge capacity, and easy availability of raw materials, many OEMs are transitioning to use LFP batteries over lithium nickel manganese cobalt (NMC). The technology also offers a longer life span, minimal maintenance, optimized safety, and lightweight. Major players such as Caterpillar Inc. (US), XCMG (China), and Sany Group (China) are increasingly using LFP chemistry to power their machines. Komatsu (Japan) offers electric excavators powered by LFP batteries and Caterpillar (US) offers electric wheel loaders that utilize LFP battery technology These factors are estimated to drive the market for LFP batteries in electric construction equipment.
The earthmoving equipment segment is predicted to be the largest and fastest-growing equipment category segment.
Earthmoving equipment is estimated to contribute >65% share in 2024 to the construction equipment market. The growth in this segment can be attributed to a wide range of equipment such as excavators (crawler and wheeled), loaders (backhoe, skid-steer), and motor graders. Among these, excavators are the most seen in the earthmoving equipment category, and continuously rising demand will keep them ahead during the forecast period. Asia Pacific is estimated to lead the earthmoving equipment market with more than 50% of the total market in 2024. The growth of earthmoving equipment in Asia is mainly due to countries like China and India. For instance, as per the National Bureau of Statistics, China has initiated 10,644 new water conservancy projects, including 609 projects; the country initiated 10,644 new water conservancy projects for 2022. The National Highways Authority of India (NHAI) planned to develop 23 new highways, including a network of expressways and economic corridors, by March 2025. Thus, such development projects would drive the demand for the earthmoving equipment category during the forecast period.
'North America is the world's second-largest construction equipment market.'
North America is estimated to hold >25% of the global construction equipment market. The US dominates the North American construction equipment market, accounting for ~80% in 2023. The construction industry in the North American market faced a decline in 2024, this was majorly due to the geopolitical unrest due to the Ukraine-Russia and Israel Palestine war and rising inflation rates and the fall is estimated to remain till mid of 2026, the market for construction equipment is expected to revive in the region from late 2026 to early 2027.. According to the Associated General Contractors of America (AGC), the construction market growth is attributed to increased residential and commercial construction spending. The US government's commitment to infrastructure projects, supported by funding from the Bipartisan Infrastructure Law, which allocates USD 5 Billion, emphasizes the anticipated growth in expanding roadways with investments from the government. The rising trend towards rental services for construction equipment is also expected to propel market expansion as companies look for cost-effective solutions between fluctuating economic conditions. The growing trend towards electric and hybrid construction equipment, supported by sustainability goals and new emission standards, is expected to contribute significantly to market expansion. The key players in the North American construction equipment market are Caterpillar (US), Deere & Company (US) and Terex Corporation (US).
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
- By Company Type: Construction equipment Manufacturers – 50%, Construction equipment Component Suppliers - 40%, and Others– 10%
- By Designation: C Level - 40%, Directors- 40%, and Others – 20%
- By Region: North America - 20%, Europe - 30%, and Asia Pacific - 30%, The Middle East & RoW–20%
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of Key drivers (Growth in infrastructure development projects, and Increasing demand for sustainable construction solutions), Restraint (Stringent international trade policies and mandates), opportunities (Ongoing development in lithium battery chemistry, Advancements in autonomous construction equipment and Rapid digitalization of services) and challenges (Limited battery capacity in electric equipment and Susceptibility to cyber-attacks) influencing the growth of construction equipment market.
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new products & services of the Construction equipment market
Market Development: Comprehensive information about the lucrative market – the report analyzes the construction equipment market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the construction equipment market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and Deere & Company (US). among others in the construction equipment market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interview participants
2.1.3 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET
4.2 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
4.3 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
4.4 RENTAL CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
4.5 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY
4.6 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE
4.7 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION
4.8 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
4.9 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION
4.10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
4.11 CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
4.12 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
4.13 CONSTRUCTION EQUIPMENT MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growth in infrastructural development projects
5.2.1.2 Increasing demand for sustainable construction solutions
5.2.2 RESTRAINTS
5.2.2.1 Stringent international trade policies and mandates
5.2.3 OPPORTUNITIES
5.2.3.1 Ongoing developments in lithium battery chemistry
5.2.3.2 Advancements in autonomous construction equipment
5.2.3.3 Rapid digitalization of services
5.2.4 CHALLENGES
5.2.4.1 Battery-related issues in electric equipment
5.2.4.2 Susceptibility to cyber attacks
5.3 IMPACT OF AI/GENERATIVE AI
5.3.1 IMPACT OF AI/GENERATIVE AI ON CONSTRUCTION EQUIPMENT MARKET
5.4 TECHNOLOGY ANALYSIS
5.4.1 KEY TECHNOLOGIES
5.4.1.1 Autonomous construction equipment
5.4.1.2 Hydrogen combustion engines for construction equipment
5.4.1.3 Hydrogen fuel cells for construction equipment
5.4.2 COMPLEMENTARY TECHNOLOGIES
5.4.2.1 Monitoring and diagnosis via connected technologies
5.4.3 ADJACENT TECHNOLOGIES
5.4.3.1 Grade control systems
5.4.3.2 Advanced material science
5.5 USE CASE ANALYSIS
5.5.1 PREDICTIVE MAINTENANCE
5.5.2 LOW-CARBON CONSTRUCTION MACHINERY
5.5.3 SMART CONSTRUCTION EQUIPMENT
5.6 INVESTMENT AND FUNDING SCENARIO
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.8 PRICING ANALYSIS
5.8.1 BY EQUIPMENT TYPE
5.8.1.1 Average selling price trend of construction equipment,
by equipment type, 2021–2023
5.8.2 BY REGION
5.8.2.1 Average selling price trend of construction equipment,
by region, 2021–2023
5.9 ECOSYSTEM MAPPING
5.10 SUPPLY CHAIN ANALYSIS
5.11 PATENT ANALYSIS
5.12 TRADE ANALYSIS
5.12.1 IMPORT DATA
5.12.2 EXPORT DATA
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATORY ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET
5.13.3 NON-ROAD MOBILE MACHINERY REGULATIONS OUTLOOK, 2019–2030
5.13.3.1 North America
5.13.3.1.1 US
5.13.3.2 European Union
5.13.3.3 Asia
5.13.3.3.1 China
5.13.3.3.2 India
5.14 KEY CONFERENCES AND EVENTS, 2025
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
5.16 CONSTRUCTION EQUIPMENT (ELECTRIC EXCAVATOR) OEM ANALYSIS
5.16.1 BATTERY CAPACITY VS. OEMS
5.16.2 POWER OUTPUT VS. OEMS
6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
6.1 INTRODUCTION
6.2 ARTICULATED DUMP TRUCKS
6.2.1 EASE OF MANEUVERABILITY ON ROUGH TERRAIN TO DRIVE GROWTH
6.3 ASPHALT FINISHERS
6.3.1 INCREASE IN ROAD CONSTRUCTION PROJECTS IN EMERGING MARKETS TO DRIVE GROWTH
6.4 BACKHOE LOADERS
6.4.1 RISE IN SMART CITY PROGRAMS TO DRIVE DEMAND
6.5 CRAWLER DOZERS
6.5.1 BOOST IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES TO DRIVE GROWTH
6.6 CRAWLER EXCAVATORS
6.6.1 GROWING DEMAND FOR ADVANCED CRAWLER EXCAVATORS TO DRIVE MARKET
6.7 CRAWLER LOADERS
6.7.1 R&D ON DEPLOYMENT OF ADVANCED TECHNOLOGIES IN CRAWLER LOADERS TO DRIVE MARKET
6.8 MINI EXCAVATORS
6.8.1 ABILITY TO WORK IN NARROW SPACES TO DRIVE GROWTH
6.9 MOTOR GRADERS
6.9.1 GOVERNMENT INITIATIVES FOR ROAD INFRASTRUCTURE DEVELOPMENT TO DRIVE GROWTH
6.10 MOTOR SCRAPERS
6.10.1 EXTENSIVE USE IN CONSTRUCTION APPLICATIONS TO DRIVE GROWTH
6.11 ROAD ROLLERS
6.11.1 SURGE IN ROAD DEVELOPMENT PROJECTS IN ASIA TO DRIVE GROWTH
6.12 RIGID DUMP TRUCKS
6.12.1 LOWER TIRE ROLLING RESISTANCE THAN ARTICULATED DUMP TRUCKS TO DRIVE MARKET
6.13 ROUGH TERRAIN LIFTING TRUCK (RTLT) MASTED
6.13.1 HEAVY MATERIAL HANDLING CAPACITY TO DRIVE GROWTH
6.14 ROUGH TERRAIN LIFTING TRUCK (RTLT) TELESCOPIC
6.14.1 ADVANCEMENTS IN POWERTRAIN TO DRIVE GROWTH
6.15 SKID-STEER LOADERS
6.15.1 IMPROVED ENERGY EFFICIENCY TO DRIVE GROWTH
6.16 WHEELED EXCAVATORS
6.16.1 EASE OF OPERATION TO DRIVE GROWTH
6.17 WHEELED LOADERS <80 HP
6.17.1 EFFICIENCY IN DIGGING, STOCKPILING, AND LOADING APPLICATIONS TO DRIVE DEMAND
6.18 WHEELED LOADERS >80 HP
6.18.1 EXTENSIVE USE IN LARGE-SCALE INFRASTRUCTURE PROJECTS TO DRIVE MARKET
6.19 COMPACTORS
6.19.1 WIDE USE IN WASTE MANAGEMENT AND RECYCLING APPLICATIONS TO DRIVE MARKET
6.20 PICK & CARRY CRANES
6.20.1 WIDE APPLICATION AT CONSTRUCTION SITES TO DRIVE MARKET
6.21 INDUSTRY INSIGHTS
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY
7.1 INTRODUCTION
7.2 EARTHMOVING EQUIPMENT
7.2.1 RISING DEMAND FOR EXCAVATORS TO DRIVE MARKET
7.3 MATERIAL HANDLING EQUIPMENT
7.3.1 RISE IN INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE MARKET
7.4 HEAVY CONSTRUCTION EQUIPMENT
7.4.1 INCREASE IN ROAD AND TUNNEL CONSTRUCTION APPLICATIONS TO DRIVE GROWTH
7.5 OTHER EQUIPMENT CATEGORIES
7.6 INDUSTRY INSIGHTS
8 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE
8.1 INTRODUCTION
8.2 EXHAUST GAS RECIRCULATION (EGR)
8.2.1 EMPHASIS ON COMPLIANCE WITH STRICT EMISSION REGULATIONS TO DRIVE MARKET
8.3 DIESEL OXIDATION CATALYST (DOC)
8.3.1 STRINGENT EMISSION STANDARDS IN EMERGING ECONOMIES TO DRIVE MARKET
8.4 DIESEL PARTICULATE FILTER (DPF)
8.4.1 FOCUS ON ADHERENCE TO STAGE IV AND V EMISSION LIMITS TO DRIVE MARKET IN EUROPE
8.5 SELECTIVE CATALYTIC REDUCTION (SCR)
8.5.1 EMPHASIS ON NOX REDUCTIONS TO DRIVE MARKET
8.6 INDUSTRY INSIGHTS
9 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 INFRASTRUCTURE
9.2.1 INCREASING BUDGET FOR INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
9.3 COMMERCIAL
9.3.1 RISING CONSTRUCTION OF COMMERCIAL SPACES TO DRIVE MARKET
9.4 RESIDENTIAL
9.4.1 INCREASING LUXURY HOME SALES TO DRIVE MARKET
9.5 INDUSTRY INSIGHTS
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
10.1 INTRODUCTION
10.2 <5 L
10.2.1 INCREASING NUMBER OF URBAN INFRASTRUCTURE PROJECTS IN ASIA TO DRIVE MARKET
10.3 5–10 L
10.3.1 HEAVY LOAD CARRYING AND HAULING CAPACITY TO DRIVE DEMAND
10.4 >10 L
10.4.1 INCREASED INTEGRATION WITH HEAVY CONSTRUCTION EQUIPMENT TO DRIVE DEMAND
10.5 INDUSTRY INSIGHTS
11 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
11.1 INTRODUCTION
11.2 <100 HP
11.2.1 INCREASE IN ROAD REPAIR AND MAINTENANCE PROJECTS TO DRIVE MARKET
11.3 101–200 HP
11.3.1 LOW MAINTENANCE COSTS TO DRIVE DEMAND
11.4 201–400 HP
11.4.1 BOOST IN SMART CITY AND HIGHWAY CONSTRUCTION PROJECTS TO DRIVE GROWTH
11.5 >400 HP
11.5.1 RAPID DEVELOPMENT OF COMMERCIAL INFRASTRUCTURE TO DRIVE GROWTH
11.6 INDUSTRY INSIGHTS
12 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION
12.1 INTRODUCTION
12.2 DIESEL
12.2.1 HIGH TORQUE AT LOW SPEED TO DRIVE GROWTH
12.3 CNG/LNG/RNG
12.3.1 INCREASE IN EMISSION REGULATIONS FROM HEAVY CONSTRUCTION EQUIPMENT ENGINES TO DRIVE DEMAND
12.4 INDUSTRY INSIGHTS
13 COMPACT CONSTRUCTION EQUIPMENT MARKET,
GLOBAL SHIPMENT BY OEM
13.1 INTRODUCTION
13.2 BOBCAT COMPANY: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.2.1 BOBCAT COMPANY: EQUIPMENT AND APPLICATIONS
13.2.2 BOBCAT COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT
13.3 CATERPILLAR INC.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.3.1 CATERPILLAR INC.: EQUIPMENT AND APPLICATIONS
13.3.2 CATERPILLAR INC.: GLOBAL SHIPMENT, BY EQUIPMENT
13.4 CNH INDUSTRIAL N.V.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.4.1 CNH INDUSTRIAL N.V.: EQUIPMENT AND APPLICATIONS
13.4.2 CNH INDUSTRIAL N.V.: GLOBAL SHIPMENT, BY EQUIPMENT
13.5 HITACHI CONSTRUCTION MACHINERY CO., LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.5.1 HITACHI CONSTRUCTION MACHINERY CO., LTD.: EQUIPMENT AND APPLICATIONS
13.5.2 HITACHI CONSTRUCTION MACHINERY CO., LTD.: GLOBAL SHIPMENT,
BY EQUIPMENT
13.6 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.6.1 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: EQUIPMENT AND APPLICATIONS
13.6.2 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: GLOBAL SHIPMENT,
BY EQUIPMENT
13.7 J C BAMFORD EXCAVATORS LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.7.1 J C BAMFORD EXCAVATORS LTD.: EQUIPMENT AND APPLICATIONS
13.7.2 J C BAMFORD EXCAVATORS LTD.: GLOBAL SHIPMENT, BY EQUIPMENT
13.8 DEERE & COMPANY: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.8.1 DEERE & COMPANY: EQUIPMENT AND APPLICATIONS
13.8.2 DEERE & COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT
13.9 KOMATSU LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.9.1 KOMATSU LTD.: EQUIPMENT AND APPLICATIONS
13.9.2 KOMATSU LTD.: GLOBAL SHIPMENT, BY EQUIPMENT
13.10 KUBOTA CORPORATION: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.10.1 KUBOTA CORPORATION: EQUIPMENT AND APPLICATIONS
13.10.2 KUBOTA CORPORATION: GLOBAL SHIPMENT, BY EQUIPMENT
13.11 LIEBHERR: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.11.1 LIEBHERR: EQUIPMENT AND APPLICATIONS
13.11.2 LIEBHERR: GLOBAL SHIPMENT, BY EQUIPMENT
14 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION
14.1 INTRODUCTION
14.2 INFRASTRUCTURE
14.2.1 INCREASE IN NUMBER OF PROJECTS THAT DO NOT REQUIRE LONG-TERM EQUIPMENT OWNERSHIP TO DRIVE MARKET
14.3 COMMERCIAL
14.3.1 ACCESS TO LATEST AND MOST EFFICIENT EQUIPMENT TO DRIVE DEMAND
14.4 RESIDENTIAL
14.4.1 LOW INITIAL INVESTMENT IN RESIDENTIAL CONSTRUCTION TO DRIVE GROWTH
14.5 INDUSTRY INSIGHTS
15 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET,
BY EQUIPMENT TYPE
15.1 INTRODUCTION
15.2 ELECTRIC DUMP TRUCKS
15.2.1 HIGH DEMAND FOR NEW ENERGY VEHICLES TO DRIVE DEMAND
15.3 ELECTRIC DOZERS
15.3.1 REDUCED EMISSIONS AND MAINTENANCE COSTS TO DRIVE DEMAND
15.4 ELECTRIC EXCAVATORS
15.4.1 INCREASING PREFERENCE FOR MINI EXCAVATORS TO DRIVE MARKET
15.5 ELECTRIC MOTOR GRADERS
15.5.1 GRADING, SPREADING, AND EARTHMOVING APPLICATIONS TO DRIVE DEMAND
15.6 ELECTRIC LOADERS
15.6.1 TREND OF ELECTRIFICATION OF SKID AND COMPACT LOADERS TO DRIVE MARKET
15.7 ELECTRIC LOAD HAUL DUMP LOADERS
15.7.1 GROWING ELECTRIFICATION TREND IN CONSTRUCTION INDUSTRY TO DRIVE MARKET
15.8 INDUSTRY INSIGHTS
16 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
16.1 INTRODUCTION
16.2 LITHIUM IRON PHOSPHATE (LFP)
16.2.1 HIGH ELECTROCHEMICAL STABILITY TO DRIVE DEMAND
16.3 LITHIUM NICKEL MANGANESE COBALT (NMC)
16.3.1 HIGH ENERGY DENSITY TO DRIVE DEMAND
16.4 OTHER BATTERY CHEMISTRIES
16.5 INDUSTRY INSIGHTS
17 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION
17.1 INTRODUCTION
17.2 AUTONOMOUS CONSTRUCTION EQUIPMENT PRODUCT/SERVICE OFFERINGS
BY KEY OEMS
17.3 AI DEVELOPMENTS IN AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET
18 CONSTRUCTION EQUIPMENT MARKET, BY REGION
18.1 INTRODUCTION
18.2 ASIA
18.2.1 MACROECONOMIC OUTLOOK
18.2.2 CHINA
18.2.2.1 Heavy investments in infrastructure development to drive market
18.2.3 INDIA
18.2.3.1 Government plans for smart cities and foreign investments in real estate to drive market
18.2.4 JAPAN
18.2.4.1 Government investment in reconstruction activities to drive market
18.2.5 INDONESIA
18.2.5.1 New infrastructure development projects to drive demand
18.2.6 REST OF ASIA
18.3 EUROPE
18.3.1 MACROECONOMIC OUTLOOK
18.3.2 GERMANY
18.3.2.1 Rising demand for compact construction equipment to drive market
18.3.3 UK
18.3.3.1 Residential construction projects to drive demand
18.3.4 FRANCE
18.3.4.1 Rapid development of healthcare facilities to drive demand
18.3.5 ITALY
18.3.5.1 Investments in maintenance and renovation projects to drive market
18.3.6 SPAIN
18.3.6.1 Rising foreign investments to drive market
18.3.7 REST OF EUROPE
18.4 NORTH AMERICA
18.4.1 MACROECONOMIC OUTLOOK
18.4.2 US
18.4.2.1 Growing number of commercial construction projects to drive market
18.4.3 CANADA
18.4.3.1 Increasing investments in residential and non-residential construction to drive market
18.4.4 MEXICO
18.4.4.1 Increased private and public sector investments in construction activities to drive market
18.5 MIDDLE EAST
18.5.1 MACROECONOMIC OUTLOOK
18.5.2 GULF COOPERATION COUNCIL (GCC)
18.5.2.1 Qatar
18.5.2.1.1 Development and maintenance activities for commercial events to drive market
18.5.3 SAUDI ARABIA
18.5.3.1 Introduction of Vision 2030 to drive market
18.5.4 UAE
18.5.4.1 Rise in tourism activities to drive growth
18.5.5 REST OF MIDDLE EAST
18.6 REST OF THE WORLD (ROW)
18.6.1 MACROECONOMIC OUTLOOK
18.6.2 RUSSIA
18.6.2.1 Russia-Ukraine conflict to threaten demand
18.6.3 SOUTH AFRICA
18.6.3.1 Infrastructure development programs to achieve UN Sustainable Development Goals to drive market
18.6.4 BRAZIL
18.6.4.1 Booming hospitality sector to drive market
18.6.5 OTHERS
18.7 INDUSTRY INSIGHTS
19 COMPETITIVE LANDSCAPE
19.1 OVERVIEW
19.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
19.3 MARKET SHARE ANALYSIS, 2023
19.4 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019–2023
19.5 COMPANY EVALUATION MATRIX: CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.5.1 STARS
19.5.2 EMERGING LEADERS
19.5.3 PERVASIVE PLAYERS
19.5.4 PARTICIPANTS
19.5.5 COMPANY FOOTPRINT: CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.5.5.1 Region footprint, 2024
19.5.5.2 Propulsion footprint, 2024
19.5.5.3 Application footprint, 2024
19.6 MAJOR COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, BY EQUIPMENT TYPE
19.6.1 MINI EXCAVATORS
19.6.2 SKID-STEER LOADERS
19.6.3 WHEELED LOADERS
19.6.4 BACKHOE LOADERS
19.6.5 TELESCOPIC HANDLERS
19.7 COMPANY EVALUATION MATRIX: COMPACT CONSTRUCTION EQUIPMENT MARKET, 2024
19.7.1 STARS
19.7.2 EMERGING LEADERS
19.7.3 PERVASIVE PLAYERS
19.7.4 PARTICIPANTS
19.7.5 COMPANY FOOTPRINT: COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.7.5.1 Region footprint, 2024
19.7.5.2 Product footprint, 2024
19.7.5.3 Propulsion footprint, 2024
19.8 COMPANY VALUATION
19.9 FINANCIAL METRICS
19.10 BRAND/PRODUCT COMPARISON
19.11 COMPETITIVE SCENARIO
19.11.1 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2024
19.11.2 DEALS, 2021–2024
19.11.3 EXPANSIONS, 2021–2024
19.11.4 OTHERS, 2021–2024
20 COMPANY PROFILES
20.1 KEY PLAYERS
20.1.1 CATERPILLAR INC.
20.1.1.1 Business overview
20.1.1.2 Products offered
20.1.1.3 Recent developments
20.1.1.3.1 Product launches/enhancements
20.1.1.3.2 Deals
20.1.1.3.3 Expansions
20.1.1.4 MnM view
20.1.1.4.1 Key strengths
20.1.1.4.2 Strategic choices
20.1.1.4.3 Weaknesses and competitive threats
20.1.2 KOMATSU LTD.
20.1.2.1 Business overview
20.1.2.2 Products offered
20.1.2.3 Recent developments
20.1.2.3.1 Product launches/developments
20.1.2.3.2 Deals
20.1.2.3.3 Expansions
20.1.2.4 MnM view
20.1.2.4.1 Key strengths
20.1.2.4.2 Strategic choices
20.1.2.4.3 Weaknesses and competitive threats
20.1.3 DEERE & COMPANY
20.1.3.1 Business overview
20.1.3.2 Products offered
20.1.3.3 Recent developments
20.1.3.3.1 Product launches/enhancements
20.1.3.3.2 Deals
20.1.3.3.3 Expansions
20.1.3.4 MnM view
20.1.3.4.1 Key strengths
20.1.3.4.2 Strategic choices
20.1.3.4.3 Weaknesses and competitive threats
20.1.4 SANY GROUP
20.1.4.1 Business overview
20.1.4.2 Products offered
20.1.4.3 Recent developments
20.1.4.3.1 Product launches/developments
20.1.4.3.2 Deals
20.1.4.3.3 Expansions
20.1.4.3.4 Others
20.1.4.4 MnM view
20.1.4.4.1 Key strengths
20.1.4.4.2 Strategic choices
20.1.4.4.3 Weaknesses and competitive threats
20.1.5 XCMG GROUP
20.1.5.1 Business overview
20.1.5.2 Products offered
20.1.5.3 Recent developments
20.1.5.3.1 Product launches
20.1.5.3.2 Deals
20.1.5.3.3 Expansions
20.1.5.4 MnM view
20.1.5.4.1 Key strengths
20.1.5.4.2 Strategic choices
20.1.5.4.3 Weaknesses and competitive threats
20.1.6 HITACHI CONSTRUCTION MACHINERY CO., LTD.
20.1.6.1 Business overview
20.1.6.2 Products offered
20.1.6.3 Recent developments
20.1.6.3.1 Product launches
20.1.6.3.2 Deals
20.1.6.3.3 Expansions
20.1.7 AB VOLVO
20.1.7.1 Business overview
20.1.7.2 Products offered
20.1.7.3 Recent developments
20.1.7.3.1 Product launches
20.1.7.3.2 Deals
20.1.7.3.3 Expansions
20.1.7.3.4 Others
20.1.8 CNH INDUSTRIAL N.V.
20.1.8.1 Business overview
20.1.8.2 Products offered
20.1.8.3 Recent developments
20.1.8.3.1 Product launches
20.1.8.3.2 Deals
20.1.8.3.3 Others
20.1.9 LIEBHERR
20.1.9.1 Business overview
20.1.9.2 Products offered
20.1.9.3 Recent developments
20.1.9.3.1 Product launches/developments
20.1.9.3.2 Deals
20.1.9.3.3 Others
20.1.10 J C BAMFORD EXCAVATORS LTD.
20.1.10.1 Business overview
20.1.10.2 Products offered
20.1.10.3 Recent developments
20.1.10.3.1 Product launches
20.1.10.3.2 Deals
20.1.10.3.3 Expansions
20.1.10.3.4 Others
20.1.11 DOOSAN ENERBILITY
20.1.11.1 Business overview
20.1.11.2 Products offered
20.1.11.3 Recent developments
20.1.11.3.1 Deals
20.1.12 TEREX CORPORATION
20.1.12.1 Business overview
20.1.12.2 Products offered
20.1.12.3 Recent developments
20.1.12.3.1 Others
20.1.13 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
20.1.13.1 Business overview
20.1.13.2 Products offered
20.1.14 KOBELCO CONSTRUCTION MACHINERY CO., LTD.
20.1.14.1 Business overview
20.1.14.2 Products offered
20.1.14.3 Recent developments
20.1.14.3.1 Deals
20.1.14.3.2 Expansions
20.1.14.3.3 Others
20.1.15 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
20.1.15.1 Business overview
20.1.15.2 Products offered
20.1.15.3 Recent developments
20.1.15.3.1 Product launches
20.1.15.3.2 Expansions
20.1.15.3.3 Others
20.1.16 KUBOTA CORPORATION
20.1.16.1 Business overview
20.1.16.2 Products offered
20.1.16.3 Recent developments
20.1.16.3.1 Product launches
20.1.16.3.2 Expansions
20.1.17 YANMAR HOLDINGS CO., LTD.
20.1.17.1 Business overview
20.1.17.2 Product offered
20.1.17.3 Recent developments
20.1.17.3.1 Product launches
20.1.17.3.2 Deals
20.1.17.3.3 Expansions
20.1.17.3.4 Others
20.1.18 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
20.1.18.1 Business overview
20.1.18.2 Products offered
20.2 OTHER PLAYERS
20.2.1 SANDVIK
20.2.2 THE MANITOWOC COMPANY, INC.
20.2.3 ASTEC INDUSTRIES, INC.
20.2.4 WACKER NEUSON SE
20.2.5 ESCORTS KUBOTA LIMITED.
20.2.6 AMMANN GROUP
20.2.7 LIUGONG MACHINERY CO., LTD.
20.2.8 MANITOU GROUP
20.2.9 SHANTUI CONSTRUCTION MACHINERY CO., LTD.
20.2.10 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.
21 RECOMMENDATIONS BY MARKETSANDMARKETS
21.1 ASIA- PROMISING MARKET FOR CONSTRUCTION EQUIPMENT MANUFACTURERS
21.2 RENTAL CONSTRUCTION EQUIPMENT WITH TELEMATICS TO PROPEL GROWTH
21.3 ELECTRIC CONSTRUCTION EQUIPMENT TO GROW AT SIGNIFICANT RATE
21.4 CONCLUSION
22 APPENDIX
22.1 INSIGHTS FROM INDUSTRY EXPERTS
22.2 DISCUSSION GUIDE
22.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
22.4 CUSTOMIZATION OPTIONS
22.4.1 CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY
22.4.2 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY
22.4.3 HYDROGEN-BASED CONSTRUCTION EQUIPMENT MARKET, BY REGION
22.5 RELATED REPORTS
22.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interview participants
2.1.3 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET
4.2 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
4.3 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
4.4 RENTAL CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
4.5 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY
4.6 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE
4.7 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION
4.8 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
4.9 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION
4.10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
4.11 CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
4.12 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
4.13 CONSTRUCTION EQUIPMENT MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growth in infrastructural development projects
5.2.1.2 Increasing demand for sustainable construction solutions
5.2.2 RESTRAINTS
5.2.2.1 Stringent international trade policies and mandates
5.2.3 OPPORTUNITIES
5.2.3.1 Ongoing developments in lithium battery chemistry
5.2.3.2 Advancements in autonomous construction equipment
5.2.3.3 Rapid digitalization of services
5.2.4 CHALLENGES
5.2.4.1 Battery-related issues in electric equipment
5.2.4.2 Susceptibility to cyber attacks
5.3 IMPACT OF AI/GENERATIVE AI
5.3.1 IMPACT OF AI/GENERATIVE AI ON CONSTRUCTION EQUIPMENT MARKET
5.4 TECHNOLOGY ANALYSIS
5.4.1 KEY TECHNOLOGIES
5.4.1.1 Autonomous construction equipment
5.4.1.2 Hydrogen combustion engines for construction equipment
5.4.1.3 Hydrogen fuel cells for construction equipment
5.4.2 COMPLEMENTARY TECHNOLOGIES
5.4.2.1 Monitoring and diagnosis via connected technologies
5.4.3 ADJACENT TECHNOLOGIES
5.4.3.1 Grade control systems
5.4.3.2 Advanced material science
5.5 USE CASE ANALYSIS
5.5.1 PREDICTIVE MAINTENANCE
5.5.2 LOW-CARBON CONSTRUCTION MACHINERY
5.5.3 SMART CONSTRUCTION EQUIPMENT
5.6 INVESTMENT AND FUNDING SCENARIO
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.8 PRICING ANALYSIS
5.8.1 BY EQUIPMENT TYPE
5.8.1.1 Average selling price trend of construction equipment,
by equipment type, 2021–2023
5.8.2 BY REGION
5.8.2.1 Average selling price trend of construction equipment,
by region, 2021–2023
5.9 ECOSYSTEM MAPPING
5.10 SUPPLY CHAIN ANALYSIS
5.11 PATENT ANALYSIS
5.12 TRADE ANALYSIS
5.12.1 IMPORT DATA
5.12.2 EXPORT DATA
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATORY ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET
5.13.3 NON-ROAD MOBILE MACHINERY REGULATIONS OUTLOOK, 2019–2030
5.13.3.1 North America
5.13.3.1.1 US
5.13.3.2 European Union
5.13.3.3 Asia
5.13.3.3.1 China
5.13.3.3.2 India
5.14 KEY CONFERENCES AND EVENTS, 2025
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.15.2 BUYING CRITERIA
5.16 CONSTRUCTION EQUIPMENT (ELECTRIC EXCAVATOR) OEM ANALYSIS
5.16.1 BATTERY CAPACITY VS. OEMS
5.16.2 POWER OUTPUT VS. OEMS
6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
6.1 INTRODUCTION
6.2 ARTICULATED DUMP TRUCKS
6.2.1 EASE OF MANEUVERABILITY ON ROUGH TERRAIN TO DRIVE GROWTH
6.3 ASPHALT FINISHERS
6.3.1 INCREASE IN ROAD CONSTRUCTION PROJECTS IN EMERGING MARKETS TO DRIVE GROWTH
6.4 BACKHOE LOADERS
6.4.1 RISE IN SMART CITY PROGRAMS TO DRIVE DEMAND
6.5 CRAWLER DOZERS
6.5.1 BOOST IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES TO DRIVE GROWTH
6.6 CRAWLER EXCAVATORS
6.6.1 GROWING DEMAND FOR ADVANCED CRAWLER EXCAVATORS TO DRIVE MARKET
6.7 CRAWLER LOADERS
6.7.1 R&D ON DEPLOYMENT OF ADVANCED TECHNOLOGIES IN CRAWLER LOADERS TO DRIVE MARKET
6.8 MINI EXCAVATORS
6.8.1 ABILITY TO WORK IN NARROW SPACES TO DRIVE GROWTH
6.9 MOTOR GRADERS
6.9.1 GOVERNMENT INITIATIVES FOR ROAD INFRASTRUCTURE DEVELOPMENT TO DRIVE GROWTH
6.10 MOTOR SCRAPERS
6.10.1 EXTENSIVE USE IN CONSTRUCTION APPLICATIONS TO DRIVE GROWTH
6.11 ROAD ROLLERS
6.11.1 SURGE IN ROAD DEVELOPMENT PROJECTS IN ASIA TO DRIVE GROWTH
6.12 RIGID DUMP TRUCKS
6.12.1 LOWER TIRE ROLLING RESISTANCE THAN ARTICULATED DUMP TRUCKS TO DRIVE MARKET
6.13 ROUGH TERRAIN LIFTING TRUCK (RTLT) MASTED
6.13.1 HEAVY MATERIAL HANDLING CAPACITY TO DRIVE GROWTH
6.14 ROUGH TERRAIN LIFTING TRUCK (RTLT) TELESCOPIC
6.14.1 ADVANCEMENTS IN POWERTRAIN TO DRIVE GROWTH
6.15 SKID-STEER LOADERS
6.15.1 IMPROVED ENERGY EFFICIENCY TO DRIVE GROWTH
6.16 WHEELED EXCAVATORS
6.16.1 EASE OF OPERATION TO DRIVE GROWTH
6.17 WHEELED LOADERS <80 HP
6.17.1 EFFICIENCY IN DIGGING, STOCKPILING, AND LOADING APPLICATIONS TO DRIVE DEMAND
6.18 WHEELED LOADERS >80 HP
6.18.1 EXTENSIVE USE IN LARGE-SCALE INFRASTRUCTURE PROJECTS TO DRIVE MARKET
6.19 COMPACTORS
6.19.1 WIDE USE IN WASTE MANAGEMENT AND RECYCLING APPLICATIONS TO DRIVE MARKET
6.20 PICK & CARRY CRANES
6.20.1 WIDE APPLICATION AT CONSTRUCTION SITES TO DRIVE MARKET
6.21 INDUSTRY INSIGHTS
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY
7.1 INTRODUCTION
7.2 EARTHMOVING EQUIPMENT
7.2.1 RISING DEMAND FOR EXCAVATORS TO DRIVE MARKET
7.3 MATERIAL HANDLING EQUIPMENT
7.3.1 RISE IN INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE MARKET
7.4 HEAVY CONSTRUCTION EQUIPMENT
7.4.1 INCREASE IN ROAD AND TUNNEL CONSTRUCTION APPLICATIONS TO DRIVE GROWTH
7.5 OTHER EQUIPMENT CATEGORIES
7.6 INDUSTRY INSIGHTS
8 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE
8.1 INTRODUCTION
8.2 EXHAUST GAS RECIRCULATION (EGR)
8.2.1 EMPHASIS ON COMPLIANCE WITH STRICT EMISSION REGULATIONS TO DRIVE MARKET
8.3 DIESEL OXIDATION CATALYST (DOC)
8.3.1 STRINGENT EMISSION STANDARDS IN EMERGING ECONOMIES TO DRIVE MARKET
8.4 DIESEL PARTICULATE FILTER (DPF)
8.4.1 FOCUS ON ADHERENCE TO STAGE IV AND V EMISSION LIMITS TO DRIVE MARKET IN EUROPE
8.5 SELECTIVE CATALYTIC REDUCTION (SCR)
8.5.1 EMPHASIS ON NOX REDUCTIONS TO DRIVE MARKET
8.6 INDUSTRY INSIGHTS
9 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 INFRASTRUCTURE
9.2.1 INCREASING BUDGET FOR INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
9.3 COMMERCIAL
9.3.1 RISING CONSTRUCTION OF COMMERCIAL SPACES TO DRIVE MARKET
9.4 RESIDENTIAL
9.4.1 INCREASING LUXURY HOME SALES TO DRIVE MARKET
9.5 INDUSTRY INSIGHTS
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
10.1 INTRODUCTION
10.2 <5 L
10.2.1 INCREASING NUMBER OF URBAN INFRASTRUCTURE PROJECTS IN ASIA TO DRIVE MARKET
10.3 5–10 L
10.3.1 HEAVY LOAD CARRYING AND HAULING CAPACITY TO DRIVE DEMAND
10.4 >10 L
10.4.1 INCREASED INTEGRATION WITH HEAVY CONSTRUCTION EQUIPMENT TO DRIVE DEMAND
10.5 INDUSTRY INSIGHTS
11 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
11.1 INTRODUCTION
11.2 <100 HP
11.2.1 INCREASE IN ROAD REPAIR AND MAINTENANCE PROJECTS TO DRIVE MARKET
11.3 101–200 HP
11.3.1 LOW MAINTENANCE COSTS TO DRIVE DEMAND
11.4 201–400 HP
11.4.1 BOOST IN SMART CITY AND HIGHWAY CONSTRUCTION PROJECTS TO DRIVE GROWTH
11.5 >400 HP
11.5.1 RAPID DEVELOPMENT OF COMMERCIAL INFRASTRUCTURE TO DRIVE GROWTH
11.6 INDUSTRY INSIGHTS
12 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION
12.1 INTRODUCTION
12.2 DIESEL
12.2.1 HIGH TORQUE AT LOW SPEED TO DRIVE GROWTH
12.3 CNG/LNG/RNG
12.3.1 INCREASE IN EMISSION REGULATIONS FROM HEAVY CONSTRUCTION EQUIPMENT ENGINES TO DRIVE DEMAND
12.4 INDUSTRY INSIGHTS
13 COMPACT CONSTRUCTION EQUIPMENT MARKET,
GLOBAL SHIPMENT BY OEM
13.1 INTRODUCTION
13.2 BOBCAT COMPANY: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.2.1 BOBCAT COMPANY: EQUIPMENT AND APPLICATIONS
13.2.2 BOBCAT COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT
13.3 CATERPILLAR INC.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.3.1 CATERPILLAR INC.: EQUIPMENT AND APPLICATIONS
13.3.2 CATERPILLAR INC.: GLOBAL SHIPMENT, BY EQUIPMENT
13.4 CNH INDUSTRIAL N.V.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.4.1 CNH INDUSTRIAL N.V.: EQUIPMENT AND APPLICATIONS
13.4.2 CNH INDUSTRIAL N.V.: GLOBAL SHIPMENT, BY EQUIPMENT
13.5 HITACHI CONSTRUCTION MACHINERY CO., LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.5.1 HITACHI CONSTRUCTION MACHINERY CO., LTD.: EQUIPMENT AND APPLICATIONS
13.5.2 HITACHI CONSTRUCTION MACHINERY CO., LTD.: GLOBAL SHIPMENT,
BY EQUIPMENT
13.6 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.6.1 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: EQUIPMENT AND APPLICATIONS
13.6.2 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: GLOBAL SHIPMENT,
BY EQUIPMENT
13.7 J C BAMFORD EXCAVATORS LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.7.1 J C BAMFORD EXCAVATORS LTD.: EQUIPMENT AND APPLICATIONS
13.7.2 J C BAMFORD EXCAVATORS LTD.: GLOBAL SHIPMENT, BY EQUIPMENT
13.8 DEERE & COMPANY: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.8.1 DEERE & COMPANY: EQUIPMENT AND APPLICATIONS
13.8.2 DEERE & COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT
13.9 KOMATSU LTD.: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.9.1 KOMATSU LTD.: EQUIPMENT AND APPLICATIONS
13.9.2 KOMATSU LTD.: GLOBAL SHIPMENT, BY EQUIPMENT
13.10 KUBOTA CORPORATION: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.10.1 KUBOTA CORPORATION: EQUIPMENT AND APPLICATIONS
13.10.2 KUBOTA CORPORATION: GLOBAL SHIPMENT, BY EQUIPMENT
13.11 LIEBHERR: GLOBAL SHIPMENT OF COMPACT EQUIPMENT
13.11.1 LIEBHERR: EQUIPMENT AND APPLICATIONS
13.11.2 LIEBHERR: GLOBAL SHIPMENT, BY EQUIPMENT
14 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION
14.1 INTRODUCTION
14.2 INFRASTRUCTURE
14.2.1 INCREASE IN NUMBER OF PROJECTS THAT DO NOT REQUIRE LONG-TERM EQUIPMENT OWNERSHIP TO DRIVE MARKET
14.3 COMMERCIAL
14.3.1 ACCESS TO LATEST AND MOST EFFICIENT EQUIPMENT TO DRIVE DEMAND
14.4 RESIDENTIAL
14.4.1 LOW INITIAL INVESTMENT IN RESIDENTIAL CONSTRUCTION TO DRIVE GROWTH
14.5 INDUSTRY INSIGHTS
15 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET,
BY EQUIPMENT TYPE
15.1 INTRODUCTION
15.2 ELECTRIC DUMP TRUCKS
15.2.1 HIGH DEMAND FOR NEW ENERGY VEHICLES TO DRIVE DEMAND
15.3 ELECTRIC DOZERS
15.3.1 REDUCED EMISSIONS AND MAINTENANCE COSTS TO DRIVE DEMAND
15.4 ELECTRIC EXCAVATORS
15.4.1 INCREASING PREFERENCE FOR MINI EXCAVATORS TO DRIVE MARKET
15.5 ELECTRIC MOTOR GRADERS
15.5.1 GRADING, SPREADING, AND EARTHMOVING APPLICATIONS TO DRIVE DEMAND
15.6 ELECTRIC LOADERS
15.6.1 TREND OF ELECTRIFICATION OF SKID AND COMPACT LOADERS TO DRIVE MARKET
15.7 ELECTRIC LOAD HAUL DUMP LOADERS
15.7.1 GROWING ELECTRIFICATION TREND IN CONSTRUCTION INDUSTRY TO DRIVE MARKET
15.8 INDUSTRY INSIGHTS
16 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY
16.1 INTRODUCTION
16.2 LITHIUM IRON PHOSPHATE (LFP)
16.2.1 HIGH ELECTROCHEMICAL STABILITY TO DRIVE DEMAND
16.3 LITHIUM NICKEL MANGANESE COBALT (NMC)
16.3.1 HIGH ENERGY DENSITY TO DRIVE DEMAND
16.4 OTHER BATTERY CHEMISTRIES
16.5 INDUSTRY INSIGHTS
17 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION
17.1 INTRODUCTION
17.2 AUTONOMOUS CONSTRUCTION EQUIPMENT PRODUCT/SERVICE OFFERINGS
BY KEY OEMS
17.3 AI DEVELOPMENTS IN AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET
18 CONSTRUCTION EQUIPMENT MARKET, BY REGION
18.1 INTRODUCTION
18.2 ASIA
18.2.1 MACROECONOMIC OUTLOOK
18.2.2 CHINA
18.2.2.1 Heavy investments in infrastructure development to drive market
18.2.3 INDIA
18.2.3.1 Government plans for smart cities and foreign investments in real estate to drive market
18.2.4 JAPAN
18.2.4.1 Government investment in reconstruction activities to drive market
18.2.5 INDONESIA
18.2.5.1 New infrastructure development projects to drive demand
18.2.6 REST OF ASIA
18.3 EUROPE
18.3.1 MACROECONOMIC OUTLOOK
18.3.2 GERMANY
18.3.2.1 Rising demand for compact construction equipment to drive market
18.3.3 UK
18.3.3.1 Residential construction projects to drive demand
18.3.4 FRANCE
18.3.4.1 Rapid development of healthcare facilities to drive demand
18.3.5 ITALY
18.3.5.1 Investments in maintenance and renovation projects to drive market
18.3.6 SPAIN
18.3.6.1 Rising foreign investments to drive market
18.3.7 REST OF EUROPE
18.4 NORTH AMERICA
18.4.1 MACROECONOMIC OUTLOOK
18.4.2 US
18.4.2.1 Growing number of commercial construction projects to drive market
18.4.3 CANADA
18.4.3.1 Increasing investments in residential and non-residential construction to drive market
18.4.4 MEXICO
18.4.4.1 Increased private and public sector investments in construction activities to drive market
18.5 MIDDLE EAST
18.5.1 MACROECONOMIC OUTLOOK
18.5.2 GULF COOPERATION COUNCIL (GCC)
18.5.2.1 Qatar
18.5.2.1.1 Development and maintenance activities for commercial events to drive market
18.5.3 SAUDI ARABIA
18.5.3.1 Introduction of Vision 2030 to drive market
18.5.4 UAE
18.5.4.1 Rise in tourism activities to drive growth
18.5.5 REST OF MIDDLE EAST
18.6 REST OF THE WORLD (ROW)
18.6.1 MACROECONOMIC OUTLOOK
18.6.2 RUSSIA
18.6.2.1 Russia-Ukraine conflict to threaten demand
18.6.3 SOUTH AFRICA
18.6.3.1 Infrastructure development programs to achieve UN Sustainable Development Goals to drive market
18.6.4 BRAZIL
18.6.4.1 Booming hospitality sector to drive market
18.6.5 OTHERS
18.7 INDUSTRY INSIGHTS
19 COMPETITIVE LANDSCAPE
19.1 OVERVIEW
19.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
19.3 MARKET SHARE ANALYSIS, 2023
19.4 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2019–2023
19.5 COMPANY EVALUATION MATRIX: CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.5.1 STARS
19.5.2 EMERGING LEADERS
19.5.3 PERVASIVE PLAYERS
19.5.4 PARTICIPANTS
19.5.5 COMPANY FOOTPRINT: CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.5.5.1 Region footprint, 2024
19.5.5.2 Propulsion footprint, 2024
19.5.5.3 Application footprint, 2024
19.6 MAJOR COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, BY EQUIPMENT TYPE
19.6.1 MINI EXCAVATORS
19.6.2 SKID-STEER LOADERS
19.6.3 WHEELED LOADERS
19.6.4 BACKHOE LOADERS
19.6.5 TELESCOPIC HANDLERS
19.7 COMPANY EVALUATION MATRIX: COMPACT CONSTRUCTION EQUIPMENT MARKET, 2024
19.7.1 STARS
19.7.2 EMERGING LEADERS
19.7.3 PERVASIVE PLAYERS
19.7.4 PARTICIPANTS
19.7.5 COMPANY FOOTPRINT: COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024
19.7.5.1 Region footprint, 2024
19.7.5.2 Product footprint, 2024
19.7.5.3 Propulsion footprint, 2024
19.8 COMPANY VALUATION
19.9 FINANCIAL METRICS
19.10 BRAND/PRODUCT COMPARISON
19.11 COMPETITIVE SCENARIO
19.11.1 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2024
19.11.2 DEALS, 2021–2024
19.11.3 EXPANSIONS, 2021–2024
19.11.4 OTHERS, 2021–2024
20 COMPANY PROFILES
20.1 KEY PLAYERS
20.1.1 CATERPILLAR INC.
20.1.1.1 Business overview
20.1.1.2 Products offered
20.1.1.3 Recent developments
20.1.1.3.1 Product launches/enhancements
20.1.1.3.2 Deals
20.1.1.3.3 Expansions
20.1.1.4 MnM view
20.1.1.4.1 Key strengths
20.1.1.4.2 Strategic choices
20.1.1.4.3 Weaknesses and competitive threats
20.1.2 KOMATSU LTD.
20.1.2.1 Business overview
20.1.2.2 Products offered
20.1.2.3 Recent developments
20.1.2.3.1 Product launches/developments
20.1.2.3.2 Deals
20.1.2.3.3 Expansions
20.1.2.4 MnM view
20.1.2.4.1 Key strengths
20.1.2.4.2 Strategic choices
20.1.2.4.3 Weaknesses and competitive threats
20.1.3 DEERE & COMPANY
20.1.3.1 Business overview
20.1.3.2 Products offered
20.1.3.3 Recent developments
20.1.3.3.1 Product launches/enhancements
20.1.3.3.2 Deals
20.1.3.3.3 Expansions
20.1.3.4 MnM view
20.1.3.4.1 Key strengths
20.1.3.4.2 Strategic choices
20.1.3.4.3 Weaknesses and competitive threats
20.1.4 SANY GROUP
20.1.4.1 Business overview
20.1.4.2 Products offered
20.1.4.3 Recent developments
20.1.4.3.1 Product launches/developments
20.1.4.3.2 Deals
20.1.4.3.3 Expansions
20.1.4.3.4 Others
20.1.4.4 MnM view
20.1.4.4.1 Key strengths
20.1.4.4.2 Strategic choices
20.1.4.4.3 Weaknesses and competitive threats
20.1.5 XCMG GROUP
20.1.5.1 Business overview
20.1.5.2 Products offered
20.1.5.3 Recent developments
20.1.5.3.1 Product launches
20.1.5.3.2 Deals
20.1.5.3.3 Expansions
20.1.5.4 MnM view
20.1.5.4.1 Key strengths
20.1.5.4.2 Strategic choices
20.1.5.4.3 Weaknesses and competitive threats
20.1.6 HITACHI CONSTRUCTION MACHINERY CO., LTD.
20.1.6.1 Business overview
20.1.6.2 Products offered
20.1.6.3 Recent developments
20.1.6.3.1 Product launches
20.1.6.3.2 Deals
20.1.6.3.3 Expansions
20.1.7 AB VOLVO
20.1.7.1 Business overview
20.1.7.2 Products offered
20.1.7.3 Recent developments
20.1.7.3.1 Product launches
20.1.7.3.2 Deals
20.1.7.3.3 Expansions
20.1.7.3.4 Others
20.1.8 CNH INDUSTRIAL N.V.
20.1.8.1 Business overview
20.1.8.2 Products offered
20.1.8.3 Recent developments
20.1.8.3.1 Product launches
20.1.8.3.2 Deals
20.1.8.3.3 Others
20.1.9 LIEBHERR
20.1.9.1 Business overview
20.1.9.2 Products offered
20.1.9.3 Recent developments
20.1.9.3.1 Product launches/developments
20.1.9.3.2 Deals
20.1.9.3.3 Others
20.1.10 J C BAMFORD EXCAVATORS LTD.
20.1.10.1 Business overview
20.1.10.2 Products offered
20.1.10.3 Recent developments
20.1.10.3.1 Product launches
20.1.10.3.2 Deals
20.1.10.3.3 Expansions
20.1.10.3.4 Others
20.1.11 DOOSAN ENERBILITY
20.1.11.1 Business overview
20.1.11.2 Products offered
20.1.11.3 Recent developments
20.1.11.3.1 Deals
20.1.12 TEREX CORPORATION
20.1.12.1 Business overview
20.1.12.2 Products offered
20.1.12.3 Recent developments
20.1.12.3.1 Others
20.1.13 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
20.1.13.1 Business overview
20.1.13.2 Products offered
20.1.14 KOBELCO CONSTRUCTION MACHINERY CO., LTD.
20.1.14.1 Business overview
20.1.14.2 Products offered
20.1.14.3 Recent developments
20.1.14.3.1 Deals
20.1.14.3.2 Expansions
20.1.14.3.3 Others
20.1.15 HD HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
20.1.15.1 Business overview
20.1.15.2 Products offered
20.1.15.3 Recent developments
20.1.15.3.1 Product launches
20.1.15.3.2 Expansions
20.1.15.3.3 Others
20.1.16 KUBOTA CORPORATION
20.1.16.1 Business overview
20.1.16.2 Products offered
20.1.16.3 Recent developments
20.1.16.3.1 Product launches
20.1.16.3.2 Expansions
20.1.17 YANMAR HOLDINGS CO., LTD.
20.1.17.1 Business overview
20.1.17.2 Product offered
20.1.17.3 Recent developments
20.1.17.3.1 Product launches
20.1.17.3.2 Deals
20.1.17.3.3 Expansions
20.1.17.3.4 Others
20.1.18 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
20.1.18.1 Business overview
20.1.18.2 Products offered
20.2 OTHER PLAYERS
20.2.1 SANDVIK
20.2.2 THE MANITOWOC COMPANY, INC.
20.2.3 ASTEC INDUSTRIES, INC.
20.2.4 WACKER NEUSON SE
20.2.5 ESCORTS KUBOTA LIMITED.
20.2.6 AMMANN GROUP
20.2.7 LIUGONG MACHINERY CO., LTD.
20.2.8 MANITOU GROUP
20.2.9 SHANTUI CONSTRUCTION MACHINERY CO., LTD.
20.2.10 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.
21 RECOMMENDATIONS BY MARKETSANDMARKETS
21.1 ASIA- PROMISING MARKET FOR CONSTRUCTION EQUIPMENT MANUFACTURERS
21.2 RENTAL CONSTRUCTION EQUIPMENT WITH TELEMATICS TO PROPEL GROWTH
21.3 ELECTRIC CONSTRUCTION EQUIPMENT TO GROW AT SIGNIFICANT RATE
21.4 CONCLUSION
22 APPENDIX
22.1 INSIGHTS FROM INDUSTRY EXPERTS
22.2 DISCUSSION GUIDE
22.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
22.4 CUSTOMIZATION OPTIONS
22.4.1 CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY
22.4.2 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY
22.4.3 HYDROGEN-BASED CONSTRUCTION EQUIPMENT MARKET, BY REGION
22.5 RELATED REPORTS
22.6 AUTHOR DETAILS
