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Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 147 pages | ID: C6886C39D9BAEN
IMARC Group

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The global construction equipment market size reached US$ 182.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 245.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Also known as heavy equipment, construction equipment is designed for executing construction tasks. It is used for dozing, grading, hauling, compacting and leveling, placing materials, transferring heavy loads, and excavating and digging the ground. It comprises ditchers, bulldozers, pumps, graders, tractors, excavators, trenchers, cranes, derricks, loaders, and backhoes. It also includes pavers, scrapers, generators, pile drivers, concrete mixers, off-highway haulers and trucks, and compactors and rollers. At present, due to rising environmental concerns and the increasing need for promoting energy conservation, several players are focusing on improving the fuel consumption of construction equipment.

Construction Equipment Market Trends:
Significant growth in the construction of housing projects and commercial infrastructure on account of rapid urbanization and the increasing global population represents one of the key factors influencing the market growth. Moreover, rising automation in construction processes due to scarcity of skilled labor and increasing emphasis on minimizing the overall cost and time for project completion is contributing to market growth. Increasing investments for developing new and improving existing public infrastructure is also driving the market growth. However, the coronavirus disease (COVID-19) outbreak severely impacted the construction industry. This can be accredited to the imposition of lockdown restrictions in numerous countries and the increasing adoption of social distancing practices to prevent the pandemic from spreading. With the gradual removal of these restrictions, construction projects have resumed across the globe, which is anticipated to stimulate the market growth. Additionally, several manufacturers are developing eco-friendly equipment to meet stringent guidelines on noise emissions. They are also integrating telematics and safety technologies like lift assist and touchscreen infotainment systems to deliver enhanced operational capabilities, which is projected to create a favorable market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global construction equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on solution type, equipment type, type, application and industry.

Breakup by Solution Type:

Products
Services

Breakup by Equipment Type:

Heavy Construction Equipment
Compact Construction Equipment

Breakup by Type:

Loader
Cranes
Forklift
Excavator
Dozers
Others

Breakup by Application:

Excavation and Mining
Lifting and Material Handling
Earth Moving
Transportation
Others

Breakup by Industry:

Oil and Gas
Construction and Infrastructure
Manufacturing
Mining
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG.

Key Questions Answered in This Report
1. What was the size of the global construction equipment market in 2022?
2. What is the expected growth rate of the global construction equipment market during 2023-2028?
3. What are the key factors driving the global construction equipment market?
4. What has been the impact of COVID-19 on the global construction equipment market?
5. What is the breakup of the global construction equipment market based on the solution type?
6. What is the breakup of the global construction equipment market based on the equipment type?
7. What is the breakup of the global construction equipment market based on type?
8. What is the breakup of the global construction equipment market based on the application?
9. What is the breakup of the global construction equipment market based on the industry?
10. What are the key regions in the global construction equipment market?
11. Who are the key players/companies in the global construction equipment market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CONSTRUCTION EQUIPMENT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SOLUTION TYPE

6.1 Products
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Services
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY EQUIPMENT TYPE

7.1 Heavy Construction Equipment
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Compact Construction Equipment
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY TYPE

8.1 Loader
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cranes
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Forklift
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Excavator
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Dozers
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Excavation and Mining
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Lifting and Material Handling
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Earth Moving
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Transportation
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY INDUSTRY

10.1 Oil and Gas
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Construction and Infrastructure
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Manufacturing
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Mining
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Others
  10.5.1 Market Trends
  10.5.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 AB Volvo
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Caterpillar Inc.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3 CNH Industrial N.V.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Deere & Company
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 Doosan Infracore
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Hitachi Construction Machinery
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Komatsu Ltd.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Liebherr-International AG
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 SWOT Analysis

LIST OF TABLES

Table 1: Global: Construction Equipment Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Construction Equipment Market Forecast: Breakup by Solution Type (in Million US$), 2023-2028
Table 3: Global: Construction Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2023-2028
Table 4: Global: Construction Equipment Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 5: Global: Construction Equipment Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Construction Equipment Market Forecast: Breakup by Industry (in Million US$), 2023-2028
Table 7: Global: Construction Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Construction Equipment Market: Competitive Structure
Table 9: Global: Construction Equipment Market: Key Players

LIST OF FIGURES

Figure 1: Global: Construction Equipment Market: Major Drivers and Challenges
Figure 2: Global: Construction Equipment Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Construction Equipment Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Construction Equipment Market: Breakup by Solution Type (in %), 2022
Figure 5: Global: Construction Equipment Market: Breakup by Equipment Type (in %), 2022
Figure 6: Global: Construction Equipment Market: Breakup by Type (in %), 2022
Figure 7: Global: Construction Equipment Market: Breakup by Application (in %), 2022
Figure 8: Global: Construction Equipment Market: Breakup by Industry (in %), 2022
Figure 9: Global: Construction Equipment Market: Breakup by Region (in %), 2022
Figure 10: Global: Construction Equipment (Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Construction Equipment (Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Construction Equipment (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Construction Equipment (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Construction Equipment (Heavy Construction Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Construction Equipment (Heavy Construction Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Construction Equipment (Compact Construction Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Construction Equipment (Compact Construction Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Construction Equipment (Loader) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Construction Equipment (Loader) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Construction Equipment (Cranes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Construction Equipment (Cranes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Construction Equipment (Forklift) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Construction Equipment (Forklift) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Construction Equipment (Excavator) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Construction Equipment (Excavator) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Construction Equipment (Dozers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Construction Equipment (Dozers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Construction Equipment (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Construction Equipment (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Construction Equipment (Excavation and Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Construction Equipment (Excavation and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Construction Equipment (Lifting and Material Handling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Construction Equipment (Lifting and Material Handling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Construction Equipment (Earth Moving) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Construction Equipment (Earth Moving) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Construction Equipment (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Construction Equipment (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Construction Equipment (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Construction Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Construction Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Construction Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Construction Equipment (Construction and Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Construction Equipment (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Construction Equipment (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Construction Equipment (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Construction Equipment (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Construction Equipment (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Construction Equipment (Other Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Construction Equipment (Other Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: North America: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: North America: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United States: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United States: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Canada: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Canada: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Asia-Pacific: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Asia-Pacific: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: China: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: China: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Japan: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Japan: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: India: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: India: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: South Korea: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: South Korea: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Australia: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Australia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Indonesia: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Indonesia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Europe: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Europe: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Germany: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Germany: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: France: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: France: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: United Kingdom: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: United Kingdom: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Italy: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Italy: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Spain: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Spain: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Russia: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Russia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Latin America: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Latin America: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Brazil: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Brazil: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Mexico: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Mexico: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Others: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Middle East and Africa: Construction Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 97: Middle East and Africa: Construction Equipment Market: Breakup by Country (in %), 2022
Figure 98: Middle East and Africa: Construction Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Global: Construction Equipment Industry: SWOT Analysis
Figure 100: Global: Construction Equipment Industry: Value Chain Analysis
Figure 101: Global: Construction Equipment Industry: Porter's Five Forces Analysis


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