+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Construction Equipment Market Size, Share & Trends Analysis Report by Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery), by Region, and Segment Forecasts, 2020 - 2027

  • ID: 4613459
  • Report
  • April 2020
  • Region: Global
  • 140 pages
  • Grand View Research

FEATURED COMPANIES

  • ATLAS Copco AB
  • Caterpillar
  • CNH Industrial N.V.
  • Deere & Company
  • Doosan Corporation
  • Escorts Limited
  • MORE
The global construction equipment market size is expected to reach USD 173.0 billion by 2027, expanding at a CAGR of 4.3% over the forecast period. Rising construction activities, technological development, automation, and increased importance for incorporating safety features are expected to drive the market. The prominent manufacturers have an increased focus on product development and have identified it as the key strategy to achieve sustainable market progress. The companies have recognized the market shift toward electric mobility and a sustainable future. For instance, in December 2019, Hitachi Construction Machinery Co., Ltd. announced the development of a battery-powered mini excavator.

The demand had earlier witnessed a slowdown owing to sluggish growth of the The construction industry and economic conditions. However, the market is expected to grow at a steady growth rate in the upcoming years. The prominent factors contributing to the market growth are growing residential, commercial, and industrial construction activities and increasing private-public partnerships. Customers now prefer renting the equipment rather than spending money on buying them, thus helping them save investments on procurement and maintenance of the equipment. Many companies are entering in the equipment rental business owing to its high profitability. However, in terms of large-scale projects that are time-intensive, the purchase of machinery proves beneficial.

The earthmoving machinery segment accounted for the highest market share of around 64% in 2019. Increasing demand for this equipment from developing countries is driving the growth of this segment. China is considered as a leader in the earthmoving machinery segment. The country faced weak economic conditions in 2019, thus the government actively implemented measures such as tax cuts and boosted the funding for infrastructure activities. These factors acted favorably in securing the market demand for various types of equipment. However, the recent coronavirus outbreak is projected to hamper the growth prospects owing to slow down in production and supply chain problems.

The North American construction equipment market is anticipated to perform positively in 2020, owing to the U.S. government’s keen focus on enhancing the transportation infrastructure. According to the American Road & Transportation Builders Association (ARTBA), the construction activity for parking lots, private highways, driveways, and bridges is estimated to reach a value of approximately USD 72 billion in 2020 and is projected to grow over the next five years. Thus, the development in construction activities is anticipated to drive the market growth in the U.S over the forecast period.

Further key findings from the report suggest:
  • Earth moving machinery emerged as the largest product segment in 2019 and is anticipated to reach more than USD 104.0 billion by 2027
  • The concrete and road construction machinery segment is expected to register a CAGR of 6.2% over the forecast period
  • The Asia Pacific region dominated the market in 2019 and is anticipated to expand at a CAGR of 4.9% over the forecast period.
  • The market is highly competitive and relatively concentrated, with the top five companies dominating the market share
  • The top five key players in the construction equipment market are Caterpillar Inc., Komatsu, Hitachi Construction Machinery, Liebherr, and Volvo construction equipment.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ATLAS Copco AB
  • Caterpillar
  • CNH Industrial N.V.
  • Deere & Company
  • Doosan Corporation
  • Escorts Limited
  • MORE
Chapter 1 Methodology and Scope
1.1. Market segmentation & scope
1.2. Market definition
1.3. Information procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information analysis
1.5. Market formulation & data visualization
1.6. Data validation & publishing

Chapter 2 Executive Summary
2.1. Market Snapshot

Chapter 3 Industry Outlook
3.1. Penetration & Growth Prospect Mapping
3.2. Construction Equipment Market - Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.4. Construction Equipment Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.2. PESTEL Analysis
3.5. Construction Equipment Market- Competitive Analysis
3.5.1. Key Company Ranking Analysis, 2019
3.5.2. Major Deals & Strategic Alliances Outlook

Chapter 4 Construction Equipment Market - Product Segment Analysis
4.1 Earth Moving Machinery
4.1.1 Earth Moving Machinery Market, 2016 - 2027 (USD billion)
4.1.2 Excavator Market, 2016 - 2027 (USD billion)
4.1.3 Loader Market, 2016 - 2027 (USD billion)
4.1.4 Other Earth Moving Machinery Market, 2016 - 2027 (USD billion)
4.2 Material Handling Machinery
4.2.1 Material Handling Machinery Market, 2016 - 2027 (USD billion)
4.2.2 Crawler Cranes Market, 2016 - 2027 (USD billion)
4.2.3 Trailer Mounted Cranes Market, 2016 - 2027 (USD billion)
4.2.4 Truck Mounted Cranes Market, 2016 - 2027 (USD billion)
4.3 Concrete and Road Construction Machinery
4.3.1 Concrete and Road Construction Machinery Market, 2016 - 2027 (USD billion)
4.3.2 Concrete Mixer & Pavers Market, 2016 - 2027 (USD billion)
4.3.3 Construction Pumps Market, 2016 - 2027 (USD billion)
4.3.4 Other Concrete & Road Construction Machinery Market, 2016 - 2027 (USD billion)

Chapter 5 Construction Equipment Market - Regional Segment Analysis
5.1 North America
5.1.1 North America Construction Equipment Market By Product 2016 - 2027 (USD Billion)
5.1.2 United States
5.1.2.1 U.S. construction equipment market by product 2016 - 2027 (USD Billion)
5.1.3 Canada
5.1.3.1 Canada construction equipment market by product 2016 - 2027 (USD Billion)
5.2 Europe
5.2.1 Europe Construction Equipment Market By Product 2016 - 2027 (USD Billion)
5.2.2 U.K.
5.2.2.1 U.K. construction equipment market by product 2016 - 2027 (USD Billion)
5.2.3 Germany
5.2.3.1 Germany construction equipment market by product 2016 - 2027 (USD Billion)
5.3 Asia Pacific
5.3.1 Asia Pacific Construction Equipment Market By Product 2016 - 2027 (USD Billion)
5.3.2 China
5.3.2.1 China construction equipment market by product 2016 - 2027 (USD Billion)
5.3.3 India
5.3.3.1 India construction equipment market by product 2016 - 2027 (USD Billion)
5.3.4 Japan
5.3.4.1 Japan construction equipment market by product 2016 - 2027 (USD Billion)
5.4 Latin America
5.4.1 Latin America Construction Equipment Market By Product 2016 - 2027 (USD Billion)
5.4.2 Brazil
5.4.2.1 Brazil construction equipment market by product 2016 - 2027 (USD Billion)
5.4.3 Mexico
5.4.3.1 Mexico construction equipment market by product 2016 - 2027 (USD Billion)
5.5 MEA
5.5.1 MEA Construction Equipment Market By Product 2016 - 2027 (USD Billion)

Chapter 6 Competitive Landscape
6.1 ATLAS Copco AB
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Recent Developments
6.2 Caterpillar
6.2.1 Company Overview
6.2.2 Product Benchmarking
6.2.3 Recent Developments
6.3 CNH Industrial N.V.
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Recent Developments
6.4 Doosan Corporation
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Recent Developments
6.5 Escorts Limited
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Recent Developments
6.6 Hitachi Construction Machinery Co., Ltd.
6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Recent Developments
6.7 Hyundai Construction Equipment Co., Ltd.
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Recent Developments
6.8 J C Bamford Excavators Ltd.
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Recent Developments
6.9 Deere & Company
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Recent Developments
6.10 Kobelco Construction Machinery Co., Ltd.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Recent Developments
6.11 Komatsu Ltd.
6.11.1 Company Overview
6.11.2 Financial Performance
6.11.3 Product Benchmarking
6.11.4 Recent Developments
6.12 Liebherr-International AG
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Recent Developments
6.13 Manitou BF
6.13.1 Company Overview
6.13.2 Financial Performance
6.13.3 Product Benchmarking
6.13.4 Recent Developments
6.14 Mitsubishi Corporation
6.14.1 Company Overview
6.14.2 Financial Performance
6.14.3 Product Benchmarking
6.14.4 Recent Developments
6.15 Sany Heavy Industry Co., Ltd.
6.15.1 Company Overview
6.15.2 Financial Performance
6.15.3 Product Benchmarking
6.15.4 Recent Developments
6.16 Sumitomo Heavy Industries, Ltd.
6.16.1 Company Overview
6.16.2 Financial Performance
6.16.3 Product Benchmarking
6.16.4 Recent Developments
6.17 Terex Corporation
6.17.1 Company Overview
6.17.2 Financial Performance
6.17.3 Product Benchmarking
6.17.4 Recent Developments
6.18 Volvo Construction Equipment AB
6.18.1 Company Overview
6.18.2 Financial Performance
6.18.3 Product Benchmarking
6.18.4 Recent Developments
Note: Product cover images may vary from those shown
  • ATLAS Copco AB
  • Caterpillar
  • CNH Industrial N.V.
  • Doosan Corporation
  • Escorts Limited
  • Hitachi Construction Machinery Co., Ltd.
  • Hyundai Construction Equipment Co., Ltd.
  • J C Bamford Excavators Ltd.
  • Deere & Company
  • Kobelco Construction Machinery Co., Ltd.
  • Komatsu Ltd.
  • Liebherr-International AG
  • Manitou BF
  • Mitsubishi Corporation
  • Sany Heavy Industry Co., Ltd.
  • Sumitomo Heavy Industries, Ltd.
  • Terex Corporation
  • Volvo Construction Equipment AB
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll