Construction Equipment Market by Equipment Type (Earth Moving Equipment, Construction Vehicles), by Propulsion (Gasoline, Diesel), by Application (Infrastructure, Residential), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2019 to 2027

Construction Equipment Market Size, Share, Trends, Growth, Analysis, Research

CONSTRUCTION EQUIPMENT MARKET: SUMMARY

The Global Construction Equipment Market is projected to reach around USD 239.7 billion by 2027 at a CAGR of around 5.1%.

Construction equipment is heavy-duty vehicles which are specially designed for carrying out construction operation. There are various types of construction equipment such as earth moving equipment, material handling equipment, tunneling, and rock drilling equipment, heavy construction vehicles, and others. Construction equipment is widely used for executing infrastructure tasks, construction of roads, buildings, institutes, and others.

Construction Equipment Market

CONSTRUCTION EQUIPMENT MARKET: DRIVERS & RESTRAINTS

Market Driver:

  • Increasing Government Spending on Infrastructure

Modern infrastructure is essential for getting a change in the quality of life and economic development. Thus, the government is spending a huge amount on constructing major infrastructure projects. To execute these projects strong and durable equipment is required which is directly increasing the number of construction equipment needed. According to India Brand Equity Foundation (IBEF), the Indian Government announced to spend USD 1.4 trillion for the next five years on infrastructural development in Union Budget 2019-2020.

Thus, the increased government spending on infrastructure is expected to drive the construction equipment market growth during the forecast period.

  • Rise in Construction Activities

The rise in per capita income has uplifted the purchasing power of consumers, ongoing urbanization, change in the standard of living, and others are the major reason for the rise in construction activities. Furthermore, the growing population will increase the demand for construction equipment to build commercial, residential, and industrial buildings, schools, institutes, roads, healthcare centers, and others. According to the United Nations, the world population is estimated to reach 8.5 billion in 2030 and by 2050 it will further increase by 9.7 billion.

Thus, the rise in construction activities is expected to boost market growth during the assessment period.

Market Restraint:

  • High Cost of Construction Equipment

The initial cost of construction equipment is high. In addition to this, the operational and frequent maintenance & repair cost and fuel needed by these vehicles increase the overall expenditure of this equipment which acts as a restraint to the market growth during the forecast period.

CONSTRUCTION EQUIPMENT MARKET: KEY SEGMENTS

  • By Equipment Type: Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Tunneling Equipment, and Other Construction Equipment.
  • By Propulsion: Gasoline, Diesel, and Others.
  • By Application: Infrastructure, Residential, Commercial, Industrial, and Others.
  • By Region Covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa with individual country-level analysis.

CONSTRUCTION EQUIPMENT MARKET: REPORT SCOPE

The report on the construction equipment market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Units)

Segments Included

 Equipment Type, Propulsion, and Application

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa

KEY COMPANIES COVERED

  • AB Volvo (Sweden) (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Caterpillar (US)
  • CNH Industrial America LLC. (UK)
  • Liebherr (Germany)
  • Terex Corporation (US)
  • Komatsu Ltd. (Japan)
  • Hitachi Construction Machinery Co., Ltd. (Japan)
  • Doosan Heavy Industries & Construction (South Korea)
  • KOBE STEEL, LTD. (Japan)
  • Deere & Company (US)
  • Other Key Companies
    • J C Bamford Excavators Ltd. (UK)
    • Zoomlion Heavy Industry Science&Technology Co., Ltd. (China)
    • SANY GROUP (China)
    •  Doosan Infracore (South Korea)
    • MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
    • Manitou BF (France)

CONSTRUCTION EQUIPMENT MARKET: REPORT SEGMENTATION

For the scope of the report, In-depth segmentation is offered by Forencis Research

Construction Equipment Market, by Equipment Type

  • Earth Moving Equipment
    • Excavators
    • Graders
    • Loaders
    • Backhoe
    • Bulldozers
    • Others
  • Construction Vehicles
    • Trailers
    • Tippers
    • Tankers
    • Dumpers
    • Others
  • Material Handling Equipment
    • Concrete Mixture
    • Pavers
    • Road Rollers
    • Compactors
    • Others
  • Tunneling Equipment
    • Rock Drilling Equipment's
      • Drifter
      • Jack Hammer
      • Truck Mounted Drill
    • Tunnel Boring Machines (TBM)
    • Road Headers
  • Other Construction Equipment

Construction Equipment Market, by Propulsion

  • Gasoline
  • Diesel
  • Others

Construction Equipment Market, by Application

  • Infrastructure
  • Residential
  • Commercial
  • Industrial
  • Others

Construction Equipment Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Norway
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

KEY QUESTIONS ANSWERED BY THE REPORT

  • What are the prominent developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and the market players in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the world?
  • How are the key players leveraging in the present market scenario globally?

REPORT AUDIENCE

  • Construction Equipment Market Providers
  • Construction Equipment Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Construction Equipment Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE CONSTRUCTION EQUIPMENT MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Increasing Government Spending on Infrastructure
      2. Rise in Construction Activities
    3. Restraint
      1. High Cost of Construction Equipment
    4. Opportunities
      1. Growing Adoption of Autonomous Construction Equipment
    5. Challenges
      1. Meeting Emission & Safety Standards
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. CONSTRUCTION EQUIPMENT MARKET BY EQUIPMENT TYPE, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Earth Moving Equipment
      1. Excavators
      2. Graders
      3. Loaders
      4. Backhoe
      5. Bulldozers
      6. Others
    3. Construction Vehicles
      1. Trailers
      2. Tippers
      3. Tankers
      4. Dumpers
      5. Others
    4. Material Handling Equipment
      1. Concrete Mixture
      2. Pavers
      3. Road Rollers
      4. Compactors
      5. Others
    5. Tunneling Equipment
      1. Rock Drilling Equipment’s
        1. Drifter
        2. Jack Hammer
        3. Truck Mounted Drill
      2. Tunnel Boring Machines (TBM)
      3. Road Headers
    6. Other Construction Equipment

 

  1. CONSTRUCTION EQUIPMENT MARKET BY PROPULSION, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Gasoline
    3. Diesel
    4. Others

 

  1. CONSTRUCTION EQUIPMENT MARKET BY APPLICATION, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Infrastructure
    3. Residential
    4. Commercial
    5. Industrial
    6. Others

 

  1. CONSTRUCTION EQUIPMENT MARKET BY REGION, Market Size in USD Million and Units (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Norway
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  2. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  3. COMPANY PROFILES
    1. AB Volvo (Sweden)
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Caterpillar (US)
    3. CNH Industrial America LLC. (UK)
    4. Liebherr (Germany)
    5. Terex Corporation (US)
    6. Komatsu Ltd. (Japan)
    7. Hitachi Construction Machinery Co., Ltd. (Japan)
    8. Doosan Heavy Industries & Construction (South Korea)
    9. KOBE STEEL, LTD. (Japan)
    10. Deere & Company (US)
    11. Other Key Companies
      1. J C Bamford Excavators Ltd. (UK)
      2. Zoomlion Heavy Industry Science&Technology Co., Ltd. (China)
      3. SANY GROUP (China)
      4.  Doosan Infracore (South Korea)
      5. MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
      6. Manitou BF (France)
  4. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AT 067

Published : March, 2020


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