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Construction Equipment - Market Analysis, Trends, and Forecasts

  • ID: 354890
  • Report
  • February 2020
  • Region: Global
  • 164 Pages
  • Global Industry Analysts, Inc
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Construction Equipment market worldwide is projected to grow by US$45.9 Billion, driven by a compounded growth of 4.6%. Earthmoving Equipment, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$82 Billion by the year 2025, Earthmoving Equipment will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.6 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Earthmoving Equipment will reach a market size of US$4.3 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.2% over the next couple of years and add approximately US$13.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Caterpillar Inc.
  • CNH Global NV
  • Deere & Co.
  • Dingsheng Tiangong Construction Machinery Co. Ltd.
  • Doosan Infracore Co. Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • J C Bamford Excavators Ltd.
  • JLG Industries Inc.
  • Kobelco Construction Machinery Co. Ltd.
  • Komatsu Ltd.
  • Kubota Corporation
  • Liebherr Group
  • Lonking Holdings Limited
  • Manitou Group
  • Sandvik AB
  • SANY Group Co. Ltd.
  • Shantui Construction Machinery Co. Ltd.
  • Sumitomo Heavy Industries Ltd.
  • Terex Corporation
  • Volvo
  • Xuzhou Construction Machinery Group Co. Ltd.
  • Xuzhou Heavy Machinery Co. Ltd.
  • Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Construction Equipment – A Key Industry

Recent Market Activity

Recent Past, Current and Future Analysis

Mixed Demand Drives Focus Grows on Innovations

Equipment with Remote Monitoring Capabilities

Manufacturers Gear up on Additional Safety and Efficiency Features

Data Analytics Gain Importance to Improve Productivity and Efficiency

Entering an Era of Autonomous Machines

Focus on Exhaust Emission Control Encourages Development of Electric-Powered Machinery

Fuel Savings Bring the Spotlight on Hybrid Construction Machinery

Backhoe Evolution

Controlled Demolition Gain Ground

Equipment Buyers Opt for Comprehensive Package Offers

Manufacturers Focus on Niche Products

Continued Shift in Manufacturing Base

Construction Equipment Rental and Leasing Market on the Rise

Focus Grows on Customer Services

Global Competitor Market Shares

Construction Equipment Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

AB Volvo (publ) (Sweden)

Caterpillar, Inc. (USA)

CNH Industrial N.V. (UK)

Deere & Co. (USA)

Dingsheng Tiangong Construction Machinery Co., Ltd. (China)

Doosan Infracore Co. Ltd. (South Korea)

Hitachi Construction Machinery Co., Ltd. (Japan)

J C Bamford Excavators Ltd. (UK)

JLG Industries, Inc. (USA)

Kobelco Construction Machinery Co., Ltd (Japan)

Komatsu Ltd. (Japan)

Kubota Corporation (Japan)

Liebherr Group (Germany)

Lonking Holdings Limited (China)

Manitou Group (France)

Sandvik AB (Sweden)

Sany Heavy Machinery Co. Ltd. (China)

Shantui Construction Machinery Co., Ltd. (China)

Sumitomo Heavy Industries Ltd. (Japan)

Terex Corporation (USA)

Xuzhou Construction Machinery Group Co., Ltd. (China)

Xuzhou Heavy Machinery Co., Ltd. (China)

Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (China)

3. MARKET TRENDS & DRIVERS

Improving Economy Buoys General Market Optimism

Urbanization – A Mega Growth Driver

Expanding Middle Class Population: Positive Opportunities for Construction Industry

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Construction Equipment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Construction Equipment Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Construction Equipment Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Earthmoving Equipment (Equipment Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Earthmoving Equipment (Equipment Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Earthmoving Equipment (Equipment Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Material Handling Equipment & Cranes (Equipment Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: Material Handling Equipment & Cranes (Equipment Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: Material Handling Equipment & Cranes (Equipment Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

TABLE 10: Concrete Equipment (Equipment Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 11: Concrete Equipment (Equipment Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017

TABLE 12: Concrete Equipment (Equipment Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

TABLE 13: Other Equipment Types (Equipment Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 14: Other Equipment Types (Equipment Type) Market Historic Review by Region/Country in US$ Million: 2009 to 2017

TABLE 15: Other Equipment Types (Equipment Type) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Construction Equipment Market Share (in %) by Company: 2020 & 2025

Market Analytics

TABLE 16: United States Construction Equipment Market Estimates and Projections in US$ Million by Equipment Type: 2018 to 2025

TABLE 17: Construction Equipment Market in the United States by Equipment Type: A Historic Review in US$ Million for 2009-2017

TABLE 18: United States Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

CANADA

TABLE 19: Canadian Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018 to 2025

TABLE 20: Canadian Construction Equipment Historic Market Review by Equipment Type in US$ Million: 2009-2017

TABLE 21: Construction Equipment Market in Canada: Percentage Share Breakdown of Sales by Equipment Type for 2009, 2019, and 2025

JAPAN

TABLE 22: Japanese Market for Construction Equipment: Annual Sales Estimates and Projections in US$ Million by Equipment Type for the Period 2018-2025

TABLE 23: Construction Equipment Market in Japan: Historic Sales Analysis in US$ Million by Equipment Type for the Period 2009-2017

TABLE 24: Japanese Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

CHINA

TABLE 25: Chinese Construction Equipment Market Growth Prospects in US$ Million by Equipment Type for the Period 2018-2025

TABLE 26: Construction Equipment Historic Market Analysis in China in US$ Million by Equipment Type: 2009-2017

TABLE 27: Chinese Construction Equipment Market by Equipment Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

EUROPE

Market Facts & Figures

European Construction Equipment Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

TABLE 28: European Construction Equipment Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 29: Construction Equipment Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 30: European Construction Equipment Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 31: European Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018-2025

TABLE 32: Construction Equipment Market in Europe in US$ Million by Equipment Type: A Historic Review for the Period 2009-2017

TABLE 33: European Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

FRANCE

TABLE 34: Construction Equipment Market in France by Equipment Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 35: French Construction Equipment Historic Market Scenario in US$ Million by Equipment Type: 2009-2017

TABLE 36: French Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

GERMANY

TABLE 37: Construction Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 38: German Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 39: German Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

ITALY

TABLE 40: Italian Construction Equipment Market Growth Prospects in US$ Million by Equipment Type for the Period 2018-2025

TABLE 41: Construction Equipment Historic Market Analysis in Italy in US$ Million by Equipment Type: 2009-2017

TABLE 42: Italian Construction Equipment Market by Equipment Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 43: United Kingdom Market for Construction Equipment: Annual Sales Estimates and Projections in US$ Million by Equipment Type for the Period 2018-2025

TABLE 44: Construction Equipment Market in the United Kingdom: Historic Sales Analysis in US$ Million by Equipment Type for the Period 2009-2017

TABLE 45: United Kingdom Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

SPAIN

TABLE 46: Spanish Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018 to 2025

TABLE 47: Spanish Construction Equipment Historic Market Review by Equipment Type in US$ Million: 2009-2017

TABLE 48: Construction Equipment Market in Spain: Percentage Share Breakdown of Sales by Equipment Type for 2009, 2019, and 2025

RUSSIA

TABLE 49: Russian Construction Equipment Market Estimates and Projections in US$ Million by Equipment Type: 2018 to 2025

TABLE 50: Construction Equipment Market in Russia by Equipment Type: A Historic Review in US$ Million for 2009-2017

TABLE 51: Russian Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 52: Rest of Europe Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018-2025

TABLE 53: Construction Equipment Market in Rest of Europe in US$ Million by Equipment Type: A Historic Review for the Period 2009-2017

TABLE 54: Rest of Europe Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 55: Asia-Pacific Construction Equipment Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 56: Construction Equipment Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 57: Asia-Pacific Construction Equipment Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

TABLE 58: Construction Equipment Market in Asia-Pacific by Equipment Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 59: Asia-Pacific Construction Equipment Historic Market Scenario in US$ Million by Equipment Type: 2009-2017

TABLE 60: Asia-Pacific Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 61: Construction Equipment Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 62: Australian Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 63: Australian Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

INDIA

TABLE 64: Indian Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018 to 2025

TABLE 65: Indian Construction Equipment Historic Market Review by Equipment Type in US$ Million: 2009-2017

TABLE 66: Construction Equipment Market in India: Percentage Share Breakdown of Sales by Equipment Type for 2009, 2019, and 2025

SOUTH KOREA

TABLE 67: Construction Equipment Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 68: South Korean Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 69: Construction Equipment Market Share Distribution in South Korea by Equipment Type: 2009 VS 2019 VS 2025

REST OF ASIA-PACIFIC

TABLE 70: Rest of Asia-Pacific Market for Construction Equipment: Annual Sales Estimates and Projections in US$ Million by Equipment Type for the Period 2018-2025

TABLE 71: Construction Equipment Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Equipment Type for the Period 2009-2017

TABLE 72: Rest of Asia-Pacific Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

LATIN AMERICA

TABLE 73: Latin American Construction Equipment Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 74: Construction Equipment Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 75: Latin American Construction Equipment Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

TABLE 76: Latin American Construction Equipment Market Growth Prospects in US$ Million by Equipment Type for the Period 2018-2025

TABLE 77: Construction Equipment Historic Market Analysis in Latin America in US$ Million by Equipment Type: 2009-2017

TABLE 78: Latin American Construction Equipment Market by Equipment Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

ARGENTINA

TABLE 79: Argentinean Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018-2025

TABLE 80: Construction Equipment Market in Argentina in US$ Million by Equipment Type: A Historic Review for the Period 2009-2017

TABLE 81: Argentinean Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

BRAZIL

TABLE 82: Construction Equipment Market in Brazil by Equipment Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 83: Brazilian Construction Equipment Historic Market Scenario in US$ Million by Equipment Type: 2009-2017

TABLE 84: Brazilian Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

MEXICO

TABLE 85: Construction Equipment Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 86: Mexican Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 87: Mexican Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

REST OF LATIN AMERICA

TABLE 88: Rest of Latin America Construction Equipment Market Estimates and Projections in US$ Million by Equipment Type: 2018 to 2025

TABLE 89: Construction Equipment Market in Rest of Latin America by Equipment Type: A Historic Review in US$ Million for 2009-2017

TABLE 90: Rest of Latin America Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

MIDDLE EAST

TABLE 91: The Middle East Construction Equipment Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 92: Construction Equipment Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 93: The Middle East Construction Equipment Market Share Breakdown by Region/Country: 2009, 2019, and 2025

TABLE 94: The Middle East Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018 to 2025

TABLE 95: The Middle East Construction Equipment Historic Market by Equipment Type in US$ Million: 2009-2017

TABLE 96: Construction Equipment Market in the Middle East: Percentage Share Breakdown of Sales by Equipment Type for 2009, 2019, and 2025

IRAN

TABLE 97: Iranian Market for Construction Equipment: Annual Sales Estimates and Projections in US$ Million by Equipment Type for the Period 2018-2025

TABLE 98: Construction Equipment Market in Iran: Historic Sales Analysis in US$ Million by Equipment Type for the Period 2009-2017

TABLE 99: Iranian Construction Equipment Market Share Analysis by Equipment Type: 2009 VS 2019 VS 2025

ISRAEL

TABLE 100: Israeli Construction Equipment Market Estimates and Forecasts in US$ Million by Equipment Type: 2018-2025

TABLE 101: Construction Equipment Market in Israel in US$ Million by Equipment Type: A Historic Review for the Period 2009-2017

TABLE 102: Israeli Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

SAUDI ARABIA

TABLE 103: Saudi Arabian Construction Equipment Market Growth Prospects in US$ Million by Equipment Type for the Period 2018-2025

TABLE 104: Construction Equipment Historic Market Analysis in Saudi Arabia in US$ Million by Equipment Type: 2009-2017

TABLE 105: Saudi Arabian Construction Equipment Market by Equipment Type: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED ARAB EMIRATES

TABLE 106: Construction Equipment Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 107: United Arab Emirates Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 108: Construction Equipment Market Share Distribution in United Arab Emirates by Equipment Type: 2009 VS 2019 VS 2025

REST OF MIDDLE EAST

TABLE 109: Construction Equipment Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Equipment Type for the Period 2018-2025

TABLE 110: Rest of Middle East Construction Equipment Historic Market Analysis in US$ Million by Equipment Type: 2009-2017

TABLE 111: Rest of Middle East Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

AFRICA

TABLE 112: African Construction Equipment Market Estimates and Projections in US$ Million by Equipment Type: 2018 to 2025

TABLE 113: Construction Equipment Market in Africa by Equipment Type: A Historic Review in US$ Million for 2009-2017

TABLE 114: African Construction Equipment Market Share Breakdown by Equipment Type: 2009 VS 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 109

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