Product Code: A00530
The global construction equipment market was valued at $201,854.3 million in 2021, and is projected to reach $322,036.0 million by 2031, registering a CAGR of 4.8% from 2022 to 2031. Construction equipment are specially designed machinery used to perform construction operations. This equipment is used for different functions such as drilling, hauling, excavating, paving, and grading. The global construction equipment market covers different industries such as construction & infrastructure, manufacturing, and oil & gas. The construction equipment market has grown along with the rise in demand for industrialization, residential, and commercial infrastructure setup. Further, the growth in public private partnerships in different countries such as India, Africa, and China is expected to fuel the growth of construction equipment industry. However, strict government regulations and carbon emissions are expected to restrain the construction equipment market during the forecast period.
Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of tool robot's market. For instance, in April 2021, Liebherr announced the launch of new R 928 Generation 8 crawler excavator, the new addition to the Generation 8 series. The R 928 G8 crawler excavator is a new model, developed and produced by Liebherr-France SAS in Colmar. This aims in improving the product portfolio. The construction equipment market is segmented on the basis of solution type, equipment type, type, application, industry, and region. By solution type, it is divided into products and services. By equipment, the construction equipment it is classified into heavy construction equipment and compact construction equipment. By type, it is categorized into loader, cranes, forklift, excavators, dozers, and others. By application, it is divided into excavation & mining, lifting & material handling, earth moving, transportation, and others. By end-user, it is divided into oil & gas, construction & infrastructure, manufacturing, mining, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic forced many companies in the global construction equipment market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global construction equipment market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global construction equipment market and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the construction equipment market report include such as AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co. Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG).
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging global construction equipment market trends and dynamics.
- In-depth market analysis is conducted by the global construction equipment market estimations for key market segments between 2021 and 2031.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global construction equipment market forecast analysis from 2022 to 2031 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global construction equipment market.
Key Market Segments
By Solution Type
By Equipment Type
- Heavy construction equipment
- Compact construction equipment
By Type
- Loader
- Cranes
- Forklift
- Excavator
- Dozers
- Others
By Application
- Excavation and Mining
- Lifting and Material handling
- Earth Moving
- Transportation
- Others
By End User
- Oil and gas
- Construction and Infrastructure
- Manufacturing
- Mining
- Others
By Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- AB VOLVO
- CATERPILLAR INC.
- CNH Industrial N.V.
- DEERE & COMPANY
- DOOSAN INFRACORE CO. LTD.
- HITACHI LTD.
- J C BAMFORD EXCAVATORS LTD.
- KOMATSU LTD.
- Liebherr-International AG
- XCMG GROUP
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Products
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Services
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
CHAPTER 5: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Heavy construction equipment
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Compact construction equipment
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: CONSTRUCTION EQUIPMENT MARKET, BY TYPE
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Loader
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Cranes
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Forklift
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
- 6.5 Excavator
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market analysis by country
- 6.6 Dozers
- 6.6.1 Key market trends, growth factors and opportunities
- 6.6.2 Market size and forecast, by region
- 6.6.3 Market analysis by country
- 6.7 Others
- 6.7.1 Key market trends, growth factors and opportunities
- 6.7.2 Market size and forecast, by region
- 6.7.3 Market analysis by country
CHAPTER 7: CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Excavation and Mining
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Lifting and Material handling
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
- 7.4 Earth Moving
- 7.4.1 Key market trends, growth factors and opportunities
- 7.4.2 Market size and forecast, by region
- 7.4.3 Market analysis by country
- 7.5 Transportation
- 7.5.1 Key market trends, growth factors and opportunities
- 7.5.2 Market size and forecast, by region
- 7.5.3 Market analysis by country
- 7.6 Others
- 7.6.1 Key market trends, growth factors and opportunities
- 7.6.2 Market size and forecast, by region
- 7.6.3 Market analysis by country
CHAPTER 8: CONSTRUCTION EQUIPMENT MARKET, BY END USER
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Oil and gas
- 8.2.1 Key market trends, growth factors and opportunities
- 8.2.2 Market size and forecast, by region
- 8.2.3 Market analysis by country
- 8.3 Construction and Infrastructure
- 8.3.1 Key market trends, growth factors and opportunities
- 8.3.2 Market size and forecast, by region
- 8.3.3 Market analysis by country
- 8.4 Manufacturing
- 8.4.1 Key market trends, growth factors and opportunities
- 8.4.2 Market size and forecast, by region
- 8.4.3 Market analysis by country
- 8.5 Mining
- 8.5.1 Key market trends, growth factors and opportunities
- 8.5.2 Market size and forecast, by region
- 8.5.3 Market analysis by country
- 8.6 Others
- 8.6.1 Key market trends, growth factors and opportunities
- 8.6.2 Market size and forecast, by region
- 8.6.3 Market analysis by country
CHAPTER 9: CONSTRUCTION EQUIPMENT MARKET, BY REGION
- 9.1 Overview
- 9.1.1 Market size and forecast
- 9.2 North America
- 9.2.1 Key trends and opportunities
- 9.2.2 North America Market size and forecast, by Solution Type
- 9.2.3 North America Market size and forecast, by Equipment Type
- 9.2.4 North America Market size and forecast, by Type
- 9.2.5 North America Market size and forecast, by Application
- 9.2.6 North America Market size and forecast, by End User
- 9.2.7 North America Market size and forecast, by country
- 9.2.7.1 U.S.
- 9.2.7.1.1 Market size and forecast, by Solution Type
- 9.2.7.1.2 Market size and forecast, by Equipment Type
- 9.2.7.1.3 Market size and forecast, by Type
- 9.2.7.1.4 Market size and forecast, by Application
- 9.2.7.1.5 Market size and forecast, by End User
- 9.2.7.2 Canada
- 9.2.7.2.1 Market size and forecast, by Solution Type
- 9.2.7.2.2 Market size and forecast, by Equipment Type
- 9.2.7.2.3 Market size and forecast, by Type
- 9.2.7.2.4 Market size and forecast, by Application
- 9.2.7.2.5 Market size and forecast, by End User
- 9.2.7.3 Mexico
- 9.2.7.3.1 Market size and forecast, by Solution Type
- 9.2.7.3.2 Market size and forecast, by Equipment Type
- 9.2.7.3.3 Market size and forecast, by Type
- 9.2.7.3.4 Market size and forecast, by Application
- 9.2.7.3.5 Market size and forecast, by End User
- 9.3 Europe
- 9.3.1 Key trends and opportunities
- 9.3.2 Europe Market size and forecast, by Solution Type
- 9.3.3 Europe Market size and forecast, by Equipment Type
- 9.3.4 Europe Market size and forecast, by Type
- 9.3.5 Europe Market size and forecast, by Application
- 9.3.6 Europe Market size and forecast, by End User
- 9.3.7 Europe Market size and forecast, by country
- 9.3.7.1 Germany
- 9.3.7.1.1 Market size and forecast, by Solution Type
- 9.3.7.1.2 Market size and forecast, by Equipment Type
- 9.3.7.1.3 Market size and forecast, by Type
- 9.3.7.1.4 Market size and forecast, by Application
- 9.3.7.1.5 Market size and forecast, by End User
- 9.3.7.2 France
- 9.3.7.2.1 Market size and forecast, by Solution Type
- 9.3.7.2.2 Market size and forecast, by Equipment Type
- 9.3.7.2.3 Market size and forecast, by Type
- 9.3.7.2.4 Market size and forecast, by Application
- 9.3.7.2.5 Market size and forecast, by End User
- 9.3.7.3 U.K.
- 9.3.7.3.1 Market size and forecast, by Solution Type
- 9.3.7.3.2 Market size and forecast, by Equipment Type
- 9.3.7.3.3 Market size and forecast, by Type
- 9.3.7.3.4 Market size and forecast, by Application
- 9.3.7.3.5 Market size and forecast, by End User
- 9.3.7.4 Italy
- 9.3.7.4.1 Market size and forecast, by Solution Type
- 9.3.7.4.2 Market size and forecast, by Equipment Type
- 9.3.7.4.3 Market size and forecast, by Type
- 9.3.7.4.4 Market size and forecast, by Application
- 9.3.7.4.5 Market size and forecast, by End User
- 9.3.7.5 Rest of Europe
- 9.3.7.5.1 Market size and forecast, by Solution Type
- 9.3.7.5.2 Market size and forecast, by Equipment Type
- 9.3.7.5.3 Market size and forecast, by Type
- 9.3.7.5.4 Market size and forecast, by Application
- 9.3.7.5.5 Market size and forecast, by End User
- 9.4 Asia-Pacific
- 9.4.1 Key trends and opportunities
- 9.4.2 Asia-Pacific Market size and forecast, by Solution Type
- 9.4.3 Asia-Pacific Market size and forecast, by Equipment Type
- 9.4.4 Asia-Pacific Market size and forecast, by Type
- 9.4.5 Asia-Pacific Market size and forecast, by Application
- 9.4.6 Asia-Pacific Market size and forecast, by End User
- 9.4.7 Asia-Pacific Market size and forecast, by country
- 9.4.7.1 China
- 9.4.7.1.1 Market size and forecast, by Solution Type
- 9.4.7.1.2 Market size and forecast, by Equipment Type
- 9.4.7.1.3 Market size and forecast, by Type
- 9.4.7.1.4 Market size and forecast, by Application
- 9.4.7.1.5 Market size and forecast, by End User
- 9.4.7.2 India
- 9.4.7.2.1 Market size and forecast, by Solution Type
- 9.4.7.2.2 Market size and forecast, by Equipment Type
- 9.4.7.2.3 Market size and forecast, by Type
- 9.4.7.2.4 Market size and forecast, by Application
- 9.4.7.2.5 Market size and forecast, by End User
- 9.4.7.3 Japan
- 9.4.7.3.1 Market size and forecast, by Solution Type
- 9.4.7.3.2 Market size and forecast, by Equipment Type
- 9.4.7.3.3 Market size and forecast, by Type
- 9.4.7.3.4 Market size and forecast, by Application
- 9.4.7.3.5 Market size and forecast, by End User
- 9.4.7.4 Rest of Asia-Pacific
- 9.4.7.4.1 Market size and forecast, by Solution Type
- 9.4.7.4.2 Market size and forecast, by Equipment Type
- 9.4.7.4.3 Market size and forecast, by Type
- 9.4.7.4.4 Market size and forecast, by Application
- 9.4.7.4.5 Market size and forecast, by End User
- 9.5 LAMEA
- 9.5.1 Key trends and opportunities
- 9.5.2 LAMEA Market size and forecast, by Solution Type
- 9.5.3 LAMEA Market size and forecast, by Equipment Type
- 9.5.4 LAMEA Market size and forecast, by Type
- 9.5.5 LAMEA Market size and forecast, by Application
- 9.5.6 LAMEA Market size and forecast, by End User
- 9.5.7 LAMEA Market size and forecast, by country
- 9.5.7.1 Latin America
- 9.5.7.1.1 Market size and forecast, by Solution Type
- 9.5.7.1.2 Market size and forecast, by Equipment Type
- 9.5.7.1.3 Market size and forecast, by Type
- 9.5.7.1.4 Market size and forecast, by Application
- 9.5.7.1.5 Market size and forecast, by End User
- 9.5.7.2 Middle East
- 9.5.7.2.1 Market size and forecast, by Solution Type
- 9.5.7.2.2 Market size and forecast, by Equipment Type
- 9.5.7.2.3 Market size and forecast, by Type
- 9.5.7.2.4 Market size and forecast, by Application
- 9.5.7.2.5 Market size and forecast, by End User
- 9.5.7.3 Africa
- 9.5.7.3.1 Market size and forecast, by Solution Type
- 9.5.7.3.2 Market size and forecast, by Equipment Type
- 9.5.7.3.3 Market size and forecast, by Type
- 9.5.7.3.4 Market size and forecast, by Application
- 9.5.7.3.5 Market size and forecast, by End User
CHAPTER 10: COMPANY LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Key developments
CHAPTER 11: COMPANY PROFILES
- 11.1 AB VOLVO
- 11.1.1 Company overview
- 11.1.2 Company snapshot
- 11.1.3 Operating business segments
- 11.1.4 Product portfolio
- 11.1.5 Business performance
- 11.1.6 Key strategic moves and developments
- 11.2 CATERPILLAR INC.
- 11.2.1 Company overview
- 11.2.2 Company snapshot
- 11.2.3 Operating business segments
- 11.2.4 Product portfolio
- 11.2.5 Business performance
- 11.2.6 Key strategic moves and developments
- 11.3 CNH Industrial N.V.
- 11.3.1 Company overview
- 11.3.2 Company snapshot
- 11.3.3 Operating business segments
- 11.3.4 Product portfolio
- 11.3.5 Business performance
- 11.3.6 Key strategic moves and developments
- 11.4 DEERE & COMPANY
- 11.4.1 Company overview
- 11.4.2 Company snapshot
- 11.4.3 Operating business segments
- 11.4.4 Product portfolio
- 11.4.5 Business performance
- 11.4.6 Key strategic moves and developments
- 11.5 DOOSAN INFRACORE CO. LTD.
- 11.5.1 Company overview
- 11.5.2 Company snapshot
- 11.5.3 Operating business segments
- 11.5.4 Product portfolio
- 11.5.5 Business performance
- 11.5.6 Key strategic moves and developments
- 11.6 HITACHI LTD.
- 11.6.1 Company overview
- 11.6.2 Company snapshot
- 11.6.3 Operating business segments
- 11.6.4 Product portfolio
- 11.6.5 Business performance
- 11.6.6 Key strategic moves and developments
- 11.7 J C BAMFORD EXCAVATORS LTD.
- 11.7.1 Company overview
- 11.7.2 Company snapshot
- 11.7.3 Operating business segments
- 11.7.4 Product portfolio
- 11.7.5 Business performance
- 11.7.6 Key strategic moves and developments
- 11.8 KOMATSU LTD.
- 11.8.1 Company overview
- 11.8.2 Company snapshot
- 11.8.3 Operating business segments
- 11.8.4 Product portfolio
- 11.8.5 Business performance
- 11.8.6 Key strategic moves and developments
- 11.9 Liebherr-International AG
- 11.9.1 Company overview
- 11.9.2 Company snapshot
- 11.9.3 Operating business segments
- 11.9.4 Product portfolio
- 11.9.5 Business performance
- 11.9.6 Key strategic moves and developments
- 11.10 XCMG GROUP
- 11.10.1 Company overview
- 11.10.2 Company snapshot
- 11.10.3 Operating business segments
- 11.10.4 Product portfolio
- 11.10.5 Business performance
- 11.10.6 Key strategic moves and developments