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Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region - Global Forecast to 2021

  • ID: 4042899
  • Report
  • January 2017
  • Region: Global
  • 190 Pages
  • Markets and Markets
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The Heavy Construction Equipment Market Size is Projected to Grow at a CAGR of 7.0% During the Forecast Period of 2016-2021 and Reach USD 180.66 Billion by 2021

FEATURED COMPANIES

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Doosan Infracore Ltd.
  • JCB Ltd.
  • Komatsu Ltd.
  • Liebherr AG
  • MORE

"“Heavy construction equipment market projected to grow at a CAGR of 7.0%”

The heavy construction equipment market is gaining momentum in the modern construction industry due to factors such as geographical expansion in emerging markets and adoption of heavy construction equipment offers lucrative opportunities for market player in the next 10 years. Other factors driving the heavy construction equipment market are rapid urbanization and increase in investments in the construction and manufacturing industry.

“The excavation & demolition segment, by application, held a considerably larger market share in the heavy construction equipment market”

The excavation & demolition segment, by application, is estimated to dominate the heavy construction equipment market and is projected to be the fastest-growing segment during the forecast period. The CAGR for this segment is projected to grow at a higher rate over the next five years, owing to the increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.

“Asia-Pacific is expected to witness a steady growth during the forecast period”

In 2015, Asia-Pacific accounted for a larger market share of the total heavy construction equipment market, in terms of value, followed by the Middle East & Africa. The European market is projected to grow at a comparatively lower rate than other regions as a result of weak construction demand in the region due to sub-performing economic condition.

Asia-Pacific is projected to register the highest growth from 2016 to 2021, while India is projected to be fastest-growing country-level market in the region for the heavy construction equipment market. The Middle-East & Africa region is projected to grow at the second-highest CAGR between 2016 and 2021, with South Africa registering the highest growth rate in the region.

Breakdown of Primaries:

Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the heavy construction equipment market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as constructors, manufacturers, distributors, consultants, and academic professionals.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 35%, Tier 2 - 30%, and Tier 3 - 35%
  • By Designation: C Level - 65%, Manager Level - 35%
  • By Region: North America - 25%, Europe - 28%, Asia-Pacific - 22%, Latin America - 10%, and the Middle East & Africa - 15%

Note: The tier of the companies is defined on the basis of their total revenue, as of 2015.
Tier 1: Revenue less than USD 500 million; Tier 2: USD 100 million - USD 500 million; Tier 3: Revenue greater than USD 100 million

The various key players profiled in the report are as follows:

  • Caterpiller Inc. (U.S.)
  • Liebherr (Switzerland)
  • Terex (U.S.)
  • Volvo Construction Equipment (Sweden)
  • Komatsu Ltd. (Japan)
  • Doosan Infracore Ltd. (South Korea)
  • Hitachi Construction Machinery Co. Ltd. (Japan)
  • JCB Ltd. (U.K.)
  • SANY Heavy Equipment International Holdings Co. Ltd (China)
  • CNH Industrial N.V (U.K.)

Research Coverage:

  • The segmentation considered for this report is based on type, end-use sector, application, and region that constitute the key markets. In terms of application, excavation and demolition held the largest market share, in terms of value and it is projected to grow at the highest CAGR. Factors such increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations are driving the growth of the excavation and demolition segment in heavy construction equipment market.
  • On the basis of end-use industry, this market has been categorized into construction and manufacturing, oil & gas, public work, rail & road, mining, and others, which include military, forestry, and agriculture. The construction and manufacturing sector is projected to grow at the highest CAGR during the forecast period, due to the rise in public and private investments in the infrastructure sector in the emerging economies of Asia-Pacific, the Middle East, and Latin America.

The report will help the market leaders/new entrants in this market in the following ways:

  • This report segments the heavy construction equipment market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
  • The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, opportunities, and challenges.
  • This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes new product developments, acquisitions, agreements, partnerships, and expansions.
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FEATURED COMPANIES

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Doosan Infracore Ltd.
  • JCB Ltd.
  • Komatsu Ltd.
  • Liebherr AG
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Units
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Emerging Economies Offer Attractive Opportunities in the Heavy Construction Equipment Market
    4.2 Heavy Construction Equipment Market, By Type
    4.3 Heavy Construction Equipment Market, By Application
    4.4 Heavy Construction Equipment Market, By End-Use Industry
    4.6 Asia Pacific: Heavy Construction Equipment Market By Type and Country
    4.7 Heavy Construction Equipment Market: Geographic Snapshot

5 Market Overview
    5.1 Introduction
           5.1.1 Evolution
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By End-Use Industry
           5.2.3 By Application
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Investments in the Construction Industry
                    5.3.1.2 Rapid Urbanization
                    5.3.1.3 Rising Demand From Developing Countries
                    5.3.1.4 Rapid Technology Advancement
           5.3.2 Restraints
                    5.3.2.1 Stringent Government Regulations
                    5.3.2.2 Socio-Economic Effects of Heavy Construction Activities
           5.3.3 Opportunities
                    5.3.3.1 Renting Or Leasing of Equipment
                    5.3.3.2 Agreements & Contracts, Joint Ventures, and Mergers & Acquisitions
           5.3.4 Challenges
                    5.3.4.1 High Cost of Equipment
                    5.3.4.2 Lack of Skilled Labor Force, and Maintenance & Repair-Related Issues
    5.4 Macro Economic Indicator
           5.4.1 Trends and Forecast of the Construction Industry and GDP
           5.4.2 U.K. and Germany to Spend the Largest Amount for Growth of the Construction Industry, in Europe
           5.4.3 China and India to Spend the Largest Amount for the Construction Industry in Asia-Pacific
           5.4.4 Saudi Arabia to Spend the Largest Amount for Construction Industry in the Middle East & Africa
           5.4.5 Brazil to Spend the Largest Amount for Construction Industry in Latin America

6 Heavy Construction Equipment Market, By Type
    6.1 Introduction
    6.2 Earthmoving Equipment
           6.2.1 Excavators
                    6.2.1.1 Crawler Excavators
                    6.2.1.2 Mini Excavators
                    6.2.1.3 Wheeled Excavators
           6.2.2 Loaders
                    6.2.2.1 Wheeled Loaders
                    6.2.2.2 Skid-Steer Loaders
           6.2.3 Dozers
           6.2.4 Motor Graders
           6.2.5 Others
    6.3 Material Handling Equipment
    6.4 Heavy Construction Vehicle
    6.5 Other Heavy Construction Equipment
           6.5.1 Compactors & Road Rollers
           6.5.2 Pavers/Asphalt Finishers
           6.5.3 Other

7 Heavy Construction Equipment Market, By Application
    7.1 Introduction
    7.2 Excavation & Demolition
    7.3 Heavy Lifting
    7.4 Tunneling
    7.5 Transportation
    7.6 Recycling & Waste Management

8 Heavy Construction Equipment Market, By End-Use Industry
    8.1 Introduction
    8.2 Construction & Manufacturing
    8.3 Oil & Gas
    8.4 Public Work, Rail & Roads
    8.5 Mining
    8.6 Others

9 Heavy Construction Equipment Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Russia
           9.3.5 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Australia
           9.4.5 Rest of Asia-Pacific
    9.5 Middle East & Africa (MEA)
           9.5.1 South Africa
           9.5.2 Saudi Arabia
           9.5.3 Qatar
           9.5.4 UAE
           9.5.5 Rest of Middle East & Africa
    9.6 Latin America
           9.6.1 Argentina
           9.6.2 Chile
           9.6.3 Peru
           9.6.4 Rest of Latin America

10 Competitive Landscape
     10.1 Overview
     10.2 Market Share of Key Players
             10.2.1 Caterpillar Inc.
             10.2.2 Liebherr AG
             10.2.3 Volvo Construction Equipment
             10.2.4 Komatsu
             10.2.5 Hitachi
     10.3 Competitive Situation & Trends
             10.3.1 New Product Developments Was the Key Strategy Adopted By Major Players in the Heavy Construction Equipment Market
     10.4 New Product Developments
     10.5 Agreements, Contracts, and Joint Ventures
     10.6 Investments & Expansions
     10.7 Mergers & Acquisitions

11 Company Profile
     11.1 Caterpillar Inc.
     11.2 Liebherr AG
     11.3 Terex Corporation
     11.4 Volvo Construction Equipment
     11.5 Komatsu Ltd.
     11.6 Doosan Infracore Ltd.
     11.7 Hitachi Construction Machinery Co. Ltd.
     11.8 JCB Ltd.
     11.9 Sany Heavy Equipment International Holdings Co. Ltd
     11.10 CNH Industrial N.V.

List of Tables
Table 1 North America: Construction Contribution to GDP, By Country, 2014-2021 (USD Billion)
Table 2 North America: GDP, By Country, 2014-2021 (USD Billion)
Table 3 Europe: Construction Contribution to GDP, By Country, 2014-2021 (USD Billion)
Table 4 Europe: GDP, By Country, 2014-2021 (USD Billion)
Table 5 Asia-Pacific: Construction Contribution to GDP, By Country, 2014-2021 (USD Billion)
Table 6 Asia-Pacific: GDP, By Country, 2014-2021 (USD Billion)
Table 7 Middle East & Africa: Construction Contribution to GDP, 2014-2021 (USD Billion)
Table 8 Middle East & Africa: GDP, By Country GDP, 2014-2021 (USD Billion)
Table 9 South America: Construction Contribution to GDP, By Country, 2014-2021 (USD Billion)
Table 10 Latin America: GDP, By Country, 2014-2021 (USD Billion)
Table 11 Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 12 Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 13 Earthmoving Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 14 Earthmoving Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 15 Excavation Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 16 Excavation Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 17 Loading Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 18 Loading Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 19 Material Handling Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 20 Material Handling Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 21 Heavy Construction Vehicles Market Size, By Type, 2014-2021 (USD Billion)
Table 22 Heavy Construction Vehicles Market Size, 2014-2021 (Thousand Units)
Table 23 Other Heavy Construction Equipment Market Size, 2014-2021 (USD Billion)
Table 24 Other Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 25 Heavy Construction Equipment Market Size, By Application, 2014-2021 (USD Billion)
Table 26 Heavy Construction Equipment Market Size, By Application, 2014-2021 (Thousand Units)
Table 27 Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 28 Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 29 Heavy Construction Equipment Market Size, By Region, 2014-2021 (USD Billion)
Table 30 Heavy Construction Equipment Market Size By Country, 2014-2021 (Thousand Units)
Table 31 North America: Heavy Construction Equipment Market Size, By Country, 2014-2021 (USD Billion)
Table 32 North America: Heavy Construction Equipment Market Size By Country, 2014-2021 (Thousand Units)
Table 33 North America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 34 North America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 35 North America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 36 North America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 37 U.S: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 38 U.S.: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 39 U.S.: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 40 U.S.: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 41 Canada: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 42 Canada: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 43 Canada: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 44 Canada: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 45 Mexico: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 46 Mexico: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 47 Mexico: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 48 Mexico: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand)
Table 49 Europe: Heavy Construction Equipment Market Size, By Country, 2014-2021 (USD Billion)
Table 50 Europe: Heavy Construction Equipment Market Size, By Country, 2014-2021 (Thousand Units)
Table 51 Europe: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 52 Europe: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 53 Europe: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 54 Europe: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 55 Germany: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 56 Germany: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 57 Germany: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 58 Germany: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 59 U.K.: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 60 U.K.: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 61 U.K.: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 62 U.K.: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 63 France: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 64 France: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 65 France: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion )
Table 66 France: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 67 Russia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 68 Russia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 69 Russia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 70 Russia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 71 Rest of Europe: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 72 Rest of Europe: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 73 Rest of Europe: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 74 Rest of Europe: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 75 Asia-Pacific: Heavy Construction Equipment Market Size, By Country, 2014-2021 (USD Billion)
Table 76 Asia-Pacific: Heavy Construction Equipment Market Size, By Country, 2014-2021 (Thousand Units)
Table 77 Asia-Pacific: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 78 Asia-Pacific: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 79 Asia-Pacific: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 80 Asia-Pacific: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 81 China: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 82 China: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 83 China: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 84 China: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 85 Japan: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 86 Japan: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 87 Japan: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 88 Japan: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 89 India: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 90 India: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 91 India: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 92 India: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 93 Australia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 94 Australia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 95 Australia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 96 Australia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 97 Rest of Asia-Pacific: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 98 Rest of Asia-Pacific: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 99 Rest of Asia-Pacific: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 100 Rest of Asia-Pacific: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 101 MEA: Heavy Construction Equipment Market Size, By Country, 2014-2021 (USD Billion)
Table 102 MEA: Heavy Construction Equipment Market Size, By Country, 2014-2021 (Thousand Units)
Table 103 MEA: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 104 MEA: Heavy Construction Equipment Market Size, Bytype, 2014-2021 (Thousand Units)
Table 105 MEA: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 106 MEA: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 107 South Africa: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 108 South Africa: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 109 South Africa: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 110 South Africa: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 111 Saudi Arabia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 112 Saudi Arabia: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 113 Saudi Arabia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 114 Saudi Arabia: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 115 Qatar: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 116 Qatar: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 117 Qatar: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 118 Qatar: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 119 UAE: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 120 UAE: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 121 UAE: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 122 UAE: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 123 Rest of MEA: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 124 Rest of MEA: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 125 Rest of MEA: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 126 Rest of MEA: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 127 Latin America: Heavy Construction Equipment Market Size, By Country, 2014-2021 (USD Billion)
Table 128 Latin America: Heavy Construction Equipment Market Size, By Country, 2014-2021 (Thousand Units)
Table 129 Latin America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 130 Latin America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 131 Latin America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 132 Latin America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 133 Argentina: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 134 Argentina: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 135 Argentina: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 136 Argentina: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 137 Chile: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 138 Chile: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 139 Chile: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 140 Chile: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 141 Peru: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 142 Peru: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 143 Peru: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 144 Peru: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 145 Rest of Latin America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (USD Billion)
Table 146 Rest of Latin America: Heavy Construction Equipment Market Size, By Type, 2014-2021 (Thousand Units)
Table 147 Rest of Latin America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (USD Billion)
Table 148 Rest of Latin America: Heavy Construction Equipment Market Size, By End-Use Industry, 2014-2021 (Thousand Units)
Table 149 New Product Developments: the Key Strategy, 2012-2016
Table 150 New Product Developments, 2012-2016
Table 151 Agreements, Contracts, and Joint Ventures, 2012-2016
Table 152 Investments & Expansions, 2012-2016
Table 153 Mergers & Acquisitions, 2012-2016

List of Figures
Figure 1 Heavy Construction Equipment System: Market Segmentation
Figure 2 Heavy Construction Equipment Market, By Region
Figure 3 Heavy Construction Equipment Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Earth Moving Equipment Segment is Projected to Remain the Largest Through 2021
Figure 8 Excavation & Demolition is Estimated to Be the Largest Segment in the Heavy Construction Equipment Market Through 2021
Figure 9 Construction & Manufacturing is Expected to Lead the Market for Heavy Construction Equipment Through 2021
Figure 10 Asia-Pacific Dominated the Heavy Construction Equipment Market in 2015
Figure 11 Developed Economies to Witness Higher Demand for Heavy Construction Equipment
Figure 12 Earthmoving Equipment to Lead the Market for Heavy Construction Equipment Through 2021
Figure 13 Heavy Lifting to Grow at the Highest Rate During the Forecast Period
Figure 14 Construction & Manufacturing Segment to Grow at the Highest Rate During the Forecast Period
Figure 15 The Earthmoving Segment Captured the Largest Share in the Asia Pacific Market in 2015
Figure 16 Market in China and India is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 17 Heavy Construction Equipment Market has Evolved Significantly Since the Early 1900s
Figure 18 Increasing Investments in the Construction Industry is the Main Driver for the Growth of the Heavy Construction Equipment Market
Figure 19 Impact Analysis of Short-, Mid-, Long-Term Market Drivers & Restraints
Figure 20 Material Handling Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 21 Excavator Segment is Projected to Grow at Highest CAGR From 2016 to 2021
Figure 22 Wheeled Excavators Segment is Projected to Have the Highest Rate From 2016 to 2021
Figure 23 Wheeled Loaders Segment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 24 Cranes Segment in Material Handling Equipment is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 25 Compactors & Road Rollers Segment is Projected to Grow at the Higher Rate From 2016 to 2021
Figure 26 Excavation & Demolition is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 27 Construction & Manufacturing is Projected to Grow at the Highest Rate From 2016 to 2021
Figure 28 Geographic Snapshot (2016-2021): the Market in India is Projected to Grow at the Highest Rate, in Terms of Value
Figure 29 North America: Heavy Construction Equipment Market Snapshot: the U.S. is Projected to Be the Fastest-Growing Market Between 2016 & 2021
Figure 30 Europe Snapshot
Figure 31 Asia-Pacific: Heavy Construction Equipment Market Snapshot: China is Projected to Be the Fastest-Growing Market Between 2016 & 2021
Figure 32 Companies Adopted New Product Developments as the Key Growth Strategy Between 2012 and 2016
Figure 33 Heavy Construction Equipment Market, 2015
Figure 34 2014 Was an Active Year for the Companies in the Heavy Construction Equipment Market, in Terms of Developments
Figure 35 New Product Developments and Agreements, Contracts, and Joint Ventures Fueled Growth of the Heavy Construction Equipment Market, 2012-2016
Figure 36 Caterpillar Inc.: Company Snapshot
Figure 37 Caterpillar Inc.: SWOT Analysis
Figure 38 Liebherr AG: Company Snapshot
Figure 39 Liebherr AG: SWOT Analysis
Figure 40 Terex Corporation: Company Snapshot
Figure 41 Terex Corporation: SWOT Analysis
Figure 42 Volvo Construction Equipment AB: Company Snapshot
Figure 43 Volvo Construction Equipment: SWOT Analysis
Figure 44 Komatsu Ltd.: Company Snapshot
Figure 45 Komatsu Ltd.: SWOT Analysis
Figure 46 Doosan Infracore Ltd.: Company Snapshot
Figure 47 Hitachi Construction Machinery Co. Ltd.: Company Snapshot
Figure 48 Sany Heavy Equipment International Holdings Co. Ltd: Company Snapshot
Figure 49 CNH Industrial N.V.: Company Snapshot

Note: Product cover images may vary from those shown
4 of 5

FEATURED COMPANIES

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Doosan Infracore Ltd.
  • JCB Ltd.
  • Komatsu Ltd.
  • Liebherr AG
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The heavy construction equipment market size will grow from USD 129.11 Billion in 2016 to USD 180.66 Billion by 2021, at an estimated CAGR of 7.0%. The heavy construction equipment market is expected to witness high growth as a result of the rise in urbanization, large-scale investments in infrastructure & industrial sectors, and increase in construction activities in emerging economies. This report has been segmented on the basis of application, end-use sector, type, and region.

On the basis of type, the material handling segment is projected to grow at a higher rate in the forecast period, owing to the factors such as increase in investments in the infrastructure industry to improve facilities in the government and private sector industries.

In terms of value, the excavation & demolition segment, by application, is projected to grow at a higher CAGR in the forecast year. This growth can be attributed to factors such as increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.

In 2015, the construction and manufacturing segment, by end-use sector, constitutes a larger share in the heavy construction equipment market; this is projected to grow at a higher rate during the forecast period due to the rise in public and private investments in the infrastructure sector in the emerging economies of Asia-Pacific, the Middle East, and North America.

In 2015, the Asia-Pacific market accounted for thelargest share of heavy construction equipment market, in terms of value, followed by the Middle East & Africa and Latin America. However, as the heavy construction equipment market in developed countries is maturing, markets in developing countries such as China, India, Russia, South Africa, and countries in the Middle East are projected to grow at a higher rate from 2016 to 2021. Asia-Pacific is projected to grow the fastest rate than any other region-level market. This is because of the high population in the region, along with expected new building constructions and infrastructural activities in the next ten years.

Currently, Asia-Pacific is the largest market for heavy construction equipment. China, Japan, Australia, and India are among the major markets of heavy construction equipment. The Asia-Pacific heavy construction equipment market is projected to register the highest CAGR during the forecast period. Increase in industrialization, as well as population in China and India are driving the growth of the Asia-Pacific heavy construction equipment market.

Additionally, other emerging economies such as countries in the Middle East and Latin America are experiencing high demand for infrastructural development constructions. The rapid urbanization in these countries demands faster construction of buildings and facilities for the rising population. Additionally, increased government investments in infrastructural activities provide potential for the growth of the heavy construction equipment market in these countries.

Factors such as weak economic conditions in many European countries as the aftermath of the financial recession of 2007–2009 and government regulations for use of heavy construction equipment may restrict the growth of the market. The global heavy construction equipment market is dominated by players such as Caterpillar Inc. (U.S.) ,Deer and Company (U.S.), Hyundai Heavy Industries Co. Ltd. (South Korea), Volvo Construction Equipment (Sweden), Komatsu Ltd. (Japan), Doosan Infracore Ltd (South Korea), Hitachi Construction Machinery Co. Ltd. (Japan), JCB Ltd. (U.K).  These players adopted various strategies such as new product launches, expansions & divestitures, and mergers & acquisitions to grow in the heavy construction equipment market.

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  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Doosan Infracore Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • JCB Ltd.
  • Komatsu Ltd.
  • Liebherr AG
  • Sany Heavy Equipment International Holdings Co. Ltd
  • Terex Corporation
  • Volvo Construction Equipment
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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