Construction Equipment Market by Solution Type, Equipment Type, Type, Application, End-user: Global Opportunity Analysis and Industry Forecast, 2021-2031
The global construction equipment market was valued at $195,798.7 million in 2021 and is projected to reach $313,868.0 million by 2031, registering a CAGR of 4.8% from 2022 to 2031. Construction equipment is specially designed machinery used to perform construction operations. This equipment is used for different applications such as drilling, hauling, excavating, paving, lifting, grading, and others. The global construction equipment market covers different industries such as construction & infrastructure, manufacturing, and oil & gas.
The construction equipment market has grown along with rise in demand for industrialization, residential, and commercial infrastructure setup. Furthermore, the growth in public private partnerships in different countries such as India, China, and countries in Africa are expected to fuel the growth of construction equipment industry. However, strict government regulations and carbon emissions are anticipated 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 the 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 to improve the product portfolio.
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 impacted the revenue flow of the global construction equipment market. In addition, there was a halt in the manufacturing of industrial products, owing to lack of raw materials and manpower during the lockdown period. Further, no new consignments were received by companies that operate in this sector. Hence, a halt in industrial activities and lockdowns for several months affected the global construction equipment market. However, with large scale vaccine drives across the world, the number of COVID-19 cases have reduced significantly, and key players are recovering quickly.
The key players profiled in the construction equipment market report include such as AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hyundai 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 construction equipment market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
Extensive analysis of the construction equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all 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 the construction equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the construction equipment industry.
Key Market Segments
By Solution Type
Products
Services
By Equipment Type
Heavy construction equipment
Compact construction equipment
By Type
Concrete Mixer Truck
Others
Wheel Bulldozer
Front Loaders
Dump Trucks
Backhoe loader
Grader
Crawler Dozers
Compactors
Excavators
Forklifts
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
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Hyundai Doosan Infracore Co., Ltd.
AB Volvo
CATERPILLAR INC.
XCMG Group
CNH Industrial N.V.
Hitachi Ltd.
J C Bamford Excavators Ltd. (JCB)
Liebherr-International AG
Komatsu Ltd.
Deere & Company
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. Primary research 1.4.2. Secondary research 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope 3.2. Key findings 3.2.1. Top impacting factors 3.2.2. Top investment pockets 3.3. Porter’s five forces analysis 3.3.1. Bargaining power of suppliers 3.3.2. Bargaining power of buyers 3.3.3. Threat of substitutes 3.3.4. Threat of new entrants 3.3.5. Intensity of rivalry 3.4. Market dynamics 3.4.1. Drivers 3.4.1.1. Rise in construction & infrastructure industry 3.4.1.2. Growth in focus on Public-private partnerships (PPP) 3.4.1.3. Growth in popularity toward robust and compact equipment 3.4.2. Restraints 3.4.2.1. Strict government regulations 3.4.3. Opportunities 3.4.3.1. Technological Innovations 3.5. 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 share 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 share 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 share 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 share analysis by country
CHAPTER 6: CONSTRUCTION EQUIPMENT MARKET, BY TYPE
6.1. Overview 6.1.1. Market size and forecast 6.2. Wheel Bulldozer 6.2.1. Key market trends, growth factors and opportunities 6.2.2. Market size and forecast, by region 6.2.3. Market share analysis by country 6.3. Front Loaders 6.3.1. Key market trends, growth factors and opportunities 6.3.2. Market size and forecast, by region 6.3.3. Market share analysis by country 6.4. Dump Trucks 6.4.1. Key market trends, growth factors and opportunities 6.4.2. Market size and forecast, by region 6.4.3. Market share analysis by country 6.5. Backhoe loader 6.5.1. Key market trends, growth factors and opportunities 6.5.2. Market size and forecast, by region 6.5.3. Market share analysis by country 6.6. Grader 6.6.1. Key market trends, growth factors and opportunities 6.6.2. Market size and forecast, by region 6.6.3. Market share analysis by country 6.7. Crawler Dozers 6.7.1. Key market trends, growth factors and opportunities 6.7.2. Market size and forecast, by region 6.7.3. Market share analysis by country 6.8. Compactors 6.8.1. Key market trends, growth factors and opportunities 6.8.2. Market size and forecast, by region 6.8.3. Market share analysis by country 6.9. Excavators 6.9.1. Key market trends, growth factors and opportunities 6.9.2. Market size and forecast, by region 6.9.3. Market share analysis by country 6.10. Forklifts 6.10.1. Key market trends, growth factors and opportunities 6.10.2. Market size and forecast, by region 6.10.3. Market share analysis by country 6.11. Concrete Mixer Truck 6.11.1. Key market trends, growth factors and opportunities 6.11.2. Market size and forecast, by region 6.11.3. Market share analysis by country 6.12. Others 6.12.1. Key market trends, growth factors and opportunities 6.12.2. Market size and forecast, by region 6.12.3. Market share 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 share 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 share 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 share 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 share 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 share 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 share 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 share 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 share 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 share 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 share analysis by country
CHAPTER 9: CONSTRUCTION EQUIPMENT MARKET, BY REGION
9.1. Overview 9.1.1. Market size and forecast By Region 9.2. North America 9.2.1. Key trends and opportunities 9.2.2. Market size and forecast, by Solution Type 9.2.3. Market size and forecast, by Equipment Type 9.2.4. Market size and forecast, by Type 9.2.5. Market size and forecast, by Application 9.2.6. Market size and forecast, by End User 9.2.7. Market size and forecast, by country 9.2.7.1. U.S. 9.2.7.1.1. Key market trends, growth factors and opportunities 9.2.7.1.2. Market size and forecast, by Solution Type 9.2.7.1.3. Market size and forecast, by Equipment Type 9.2.7.1.4. Market size and forecast, by Type 9.2.7.1.5. Market size and forecast, by Application 9.2.7.1.6. Market size and forecast, by End User 9.2.7.2. Canada 9.2.7.2.1. Key market trends, growth factors and opportunities 9.2.7.2.2. Market size and forecast, by Solution Type 9.2.7.2.3. Market size and forecast, by Equipment Type 9.2.7.2.4. Market size and forecast, by Type 9.2.7.2.5. Market size and forecast, by Application 9.2.7.2.6. Market size and forecast, by End User 9.2.7.3. Mexico 9.2.7.3.1. Key market trends, growth factors and opportunities 9.2.7.3.2. Market size and forecast, by Solution Type 9.2.7.3.3. Market size and forecast, by Equipment Type 9.2.7.3.4. Market size and forecast, by Type 9.2.7.3.5. Market size and forecast, by Application 9.2.7.3.6. Market size and forecast, by End User 9.3. Europe 9.3.1. Key trends and opportunities 9.3.2. Market size and forecast, by Solution Type 9.3.3. Market size and forecast, by Equipment Type 9.3.4. Market size and forecast, by Type 9.3.5. Market size and forecast, by Application 9.3.6. Market size and forecast, by End User 9.3.7. Market size and forecast, by country 9.3.7.1. Germany 9.3.7.1.1. Key market trends, growth factors and opportunities 9.3.7.1.2. Market size and forecast, by Solution Type 9.3.7.1.3. Market size and forecast, by Equipment Type 9.3.7.1.4. Market size and forecast, by Type 9.3.7.1.5. Market size and forecast, by Application 9.3.7.1.6. Market size and forecast, by End User 9.3.7.2. France 9.3.7.2.1. Key market trends, growth factors and opportunities 9.3.7.2.2. Market size and forecast, by Solution Type 9.3.7.2.3. Market size and forecast, by Equipment Type 9.3.7.2.4. Market size and forecast, by Type 9.3.7.2.5. Market size and forecast, by Application 9.3.7.2.6. Market size and forecast, by End User 9.3.7.3. UK 9.3.7.3.1. Key market trends, growth factors and opportunities 9.3.7.3.2. Market size and forecast, by Solution Type 9.3.7.3.3. Market size and forecast, by Equipment Type 9.3.7.3.4. Market size and forecast, by Type 9.3.7.3.5. Market size and forecast, by Application 9.3.7.3.6. Market size and forecast, by End User 9.3.7.4. Italy 9.3.7.4.1. Key market trends, growth factors and opportunities 9.3.7.4.2. Market size and forecast, by Solution Type 9.3.7.4.3. Market size and forecast, by Equipment Type 9.3.7.4.4. Market size and forecast, by Type 9.3.7.4.5. Market size and forecast, by Application 9.3.7.4.6. Market size and forecast, by End User 9.3.7.5. Rest of Europe 9.3.7.5.1. Key market trends, growth factors and opportunities 9.3.7.5.2. Market size and forecast, by Solution Type 9.3.7.5.3. Market size and forecast, by Equipment Type 9.3.7.5.4. Market size and forecast, by Type 9.3.7.5.5. Market size and forecast, by Application 9.3.7.5.6. Market size and forecast, by End User 9.4. Asia-Pacific 9.4.1. Key trends and opportunities 9.4.2. Market size and forecast, by Solution Type 9.4.3. Market size and forecast, by Equipment Type 9.4.4. Market size and forecast, by Type 9.4.5. Market size and forecast, by Application 9.4.6. Market size and forecast, by End User 9.4.7. Market size and forecast, by country 9.4.7.1. China 9.4.7.1.1. Key market trends, growth factors and opportunities 9.4.7.1.2. Market size and forecast, by Solution Type 9.4.7.1.3. Market size and forecast, by Equipment Type 9.4.7.1.4. Market size and forecast, by Type 9.4.7.1.5. Market size and forecast, by Application 9.4.7.1.6. Market size and forecast, by End User 9.4.7.2. India 9.4.7.2.1. Key market trends, growth factors and opportunities 9.4.7.2.2. Market size and forecast, by Solution Type 9.4.7.2.3. Market size and forecast, by Equipment Type 9.4.7.2.4. Market size and forecast, by Type 9.4.7.2.5. Market size and forecast, by Application 9.4.7.2.6. Market size and forecast, by End User 9.4.7.3. Japan 9.4.7.3.1. Key market trends, growth factors and opportunities 9.4.7.3.2. Market size and forecast, by Solution Type 9.4.7.3.3. Market size and forecast, by Equipment Type 9.4.7.3.4. Market size and forecast, by Type 9.4.7.3.5. Market size and forecast, by Application 9.4.7.3.6. Market size and forecast, by End User 9.4.7.4. South Korea 9.4.7.4.1. Key market trends, growth factors and opportunities 9.4.7.4.2. Market size and forecast, by Solution Type 9.4.7.4.3. Market size and forecast, by Equipment Type 9.4.7.4.4. Market size and forecast, by Type 9.4.7.4.5. Market size and forecast, by Application 9.4.7.4.6. Market size and forecast, by End User 9.4.7.5. Rest of Asia-Pacific 9.4.7.5.1. Key market trends, growth factors and opportunities 9.4.7.5.2. Market size and forecast, by Solution Type 9.4.7.5.3. Market size and forecast, by Equipment Type 9.4.7.5.4. Market size and forecast, by Type 9.4.7.5.5. Market size and forecast, by Application 9.4.7.5.6. Market size and forecast, by End User 9.5. LAMEA 9.5.1. Key trends and opportunities 9.5.2. Market size and forecast, by Solution Type 9.5.3. Market size and forecast, by Equipment Type 9.5.4. Market size and forecast, by Type 9.5.5. Market size and forecast, by Application 9.5.6. Market size and forecast, by End User 9.5.7. Market size and forecast, by country 9.5.7.1. Latin America 9.5.7.1.1. Key market trends, growth factors and opportunities 9.5.7.1.2. Market size and forecast, by Solution Type 9.5.7.1.3. Market size and forecast, by Equipment Type 9.5.7.1.4. Market size and forecast, by Type 9.5.7.1.5. Market size and forecast, by Application 9.5.7.1.6. Market size and forecast, by End User 9.5.7.2. Middle East 9.5.7.2.1. Key market trends, growth factors and opportunities 9.5.7.2.2. Market size and forecast, by Solution Type 9.5.7.2.3. Market size and forecast, by Equipment Type 9.5.7.2.4. Market size and forecast, by Type 9.5.7.2.5. Market size and forecast, by Application 9.5.7.2.6. Market size and forecast, by End User 9.5.7.3. Africa 9.5.7.3.1. Key market trends, growth factors and opportunities 9.5.7.3.2. Market size and forecast, by Solution Type 9.5.7.3.3. Market size and forecast, by Equipment Type 9.5.7.3.4. Market size and forecast, by Type 9.5.7.3.5. Market size and forecast, by Application 9.5.7.3.6. Market size and forecast, by End User
CHAPTER 10: COMPETITIVE 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. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
11.1. AB Volvo 11.1.1. Company overview 11.1.2. Key Executives 11.1.3. Company snapshot 11.1.4. Operating business segments 11.1.5. Product portfolio 11.1.6. Business performance 11.1.7. Key strategic moves and developments 11.2. CATERPILLAR INC. 11.2.1. Company overview 11.2.2. Key Executives 11.2.3. Company snapshot 11.2.4. Operating business segments 11.2.5. Product portfolio 11.2.6. Business performance 11.2.7. Key strategic moves and developments 11.3. CNH Industrial N.V. 11.3.1. Company overview 11.3.2. Key Executives 11.3.3. Company snapshot 11.3.4. Operating business segments 11.3.5. Product portfolio 11.3.6. Business performance 11.3.7. Key strategic moves and developments 11.4. Hyundai Doosan Infracore Co., Ltd. 11.4.1. Company overview 11.4.2. Key Executives 11.4.3. Company snapshot 11.4.4. Operating business segments 11.4.5. Product portfolio 11.4.6. Business performance 11.4.7. Key strategic moves and developments 11.5. J C Bamford Excavators Ltd. (JCB) 11.5.1. Company overview 11.5.2. Key Executives 11.5.3. Company snapshot 11.5.4. Operating business segments 11.5.5. Product portfolio 11.5.6. Key strategic moves and developments 11.6. Liebherr-International AG 11.6.1. Company overview 11.6.2. Key Executives 11.6.3. Company snapshot 11.6.4. Operating business segments 11.6.5. Product portfolio 11.6.6. Business performance 11.6.7. Key strategic moves and developments 11.7. Hitachi Ltd. 11.7.1. Company overview 11.7.2. Key Executives 11.7.3. Company snapshot 11.7.4. Operating business segments 11.7.5. Product portfolio 11.7.6. Business performance 11.7.7. Key strategic moves and developments 11.8. Deere & Company 11.8.1. Company overview 11.8.2. Key Executives 11.8.3. Company snapshot 11.8.4. Operating business segments 11.8.5. Product portfolio 11.8.6. Business performance 11.8.7. Key strategic moves and developments 11.9. Komatsu Ltd. 11.9.1. Company overview 11.9.2. Key Executives 11.9.3. Company snapshot 11.9.4. Operating business segments 11.9.5. Product portfolio 11.9.6. Business performance 11.9.7. Key strategic moves and developments 11.10. XCMG Group 11.10.1. Company overview 11.10.2. Key Executives 11.10.3. Company snapshot 11.10.4. Operating business segments 11.10.5. Product portfolio 11.10.6. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 02. CONSTRUCTION EQUIPMENT MARKET FOR PRODUCTS, BY REGION, 2021-2031 ($MILLION) TABLE 03. CONSTRUCTION EQUIPMENT MARKET FOR SERVICES, BY REGION, 2021-2031 ($MILLION) TABLE 04. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 05. CONSTRUCTION EQUIPMENT MARKET FOR HEAVY CONSTRUCTION EQUIPMENT, BY REGION, 2021-2031 ($MILLION) TABLE 06. CONSTRUCTION EQUIPMENT MARKET FOR COMPACT CONSTRUCTION EQUIPMENT, BY REGION, 2021-2031 ($MILLION) TABLE 07. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 08. CONSTRUCTION EQUIPMENT MARKET FOR WHEEL BULLDOZER, BY REGION, 2021-2031 ($MILLION) TABLE 09. CONSTRUCTION EQUIPMENT MARKET FOR FRONT LOADERS, BY REGION, 2021-2031 ($MILLION) TABLE 10. CONSTRUCTION EQUIPMENT MARKET FOR DUMP TRUCKS, BY REGION, 2021-2031 ($MILLION) TABLE 11. CONSTRUCTION EQUIPMENT MARKET FOR BACKHOE LOADER, BY REGION, 2021-2031 ($MILLION) TABLE 12. CONSTRUCTION EQUIPMENT MARKET FOR GRADER, BY REGION, 2021-2031 ($MILLION) TABLE 13. CONSTRUCTION EQUIPMENT MARKET FOR CRAWLER DOZERS, BY REGION, 2021-2031 ($MILLION) TABLE 14. CONSTRUCTION EQUIPMENT MARKET FOR COMPACTORS, BY REGION, 2021-2031 ($MILLION) TABLE 15. CONSTRUCTION EQUIPMENT MARKET FOR EXCAVATORS, BY REGION, 2021-2031 ($MILLION) TABLE 16. CONSTRUCTION EQUIPMENT MARKET FOR FORKLIFTS, BY REGION, 2021-2031 ($MILLION) TABLE 17. CONSTRUCTION EQUIPMENT MARKET FOR CONCRETE MIXER TRUCK, BY REGION, 2021-2031 ($MILLION) TABLE 18. CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION) TABLE 19. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 20. CONSTRUCTION EQUIPMENT MARKET FOR EXCAVATION AND MINING, BY REGION, 2021-2031 ($MILLION) TABLE 21. CONSTRUCTION EQUIPMENT MARKET FOR LIFTING AND MATERIAL HANDLING, BY REGION, 2021-2031 ($MILLION) TABLE 22. CONSTRUCTION EQUIPMENT MARKET FOR EARTH MOVING, BY REGION, 2021-2031 ($MILLION) TABLE 23. CONSTRUCTION EQUIPMENT MARKET FOR TRANSPORTATION, BY REGION, 2021-2031 ($MILLION) TABLE 24. CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION) TABLE 25. GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 26. CONSTRUCTION EQUIPMENT MARKET FOR OIL AND GAS, BY REGION, 2021-2031 ($MILLION) TABLE 27. CONSTRUCTION EQUIPMENT MARKET FOR CONSTRUCTION AND INFRASTRUCTURE, BY REGION, 2021-2031 ($MILLION) TABLE 28. CONSTRUCTION EQUIPMENT MARKET FOR MANUFACTURING, BY REGION, 2021-2031 ($MILLION) TABLE 29. CONSTRUCTION EQUIPMENT MARKET FOR MINING, BY REGION, 2021-2031 ($MILLION) TABLE 30. CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION) TABLE 31. CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021-2031 ($MILLION) TABLE 32. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 33. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 34. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 35. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 36. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 37. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021-2031 ($MILLION) TABLE 38. U.S. CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 39. U.S. CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 40. U.S. CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 41. U.S. CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 42. U.S. CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 43. CANADA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 44. CANADA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 45. CANADA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 46. CANADA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 47. CANADA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 48. MEXICO CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 49. MEXICO CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 50. MEXICO CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 51. MEXICO CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 52. MEXICO CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 53. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 54. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 55. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 56. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 57. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 58. EUROPE CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021-2031 ($MILLION) TABLE 59. GERMANY CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 60. GERMANY CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 61. GERMANY CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 62. GERMANY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 63. GERMANY CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 64. FRANCE CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 65. FRANCE CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 66. FRANCE CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 67. FRANCE CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 68. FRANCE CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 69. UK CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 70. UK CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 71. UK CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 72. UK CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 73. UK CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 74. ITALY CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 75. ITALY CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 76. ITALY CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 77. ITALY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 78. ITALY CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 79. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 80. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 81. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 82. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 83. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 84. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 85. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 86. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 87. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 88. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 89. ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021-2031 ($MILLION) TABLE 90. CHINA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 91. CHINA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 92. CHINA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 93. CHINA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 94. CHINA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 95. INDIA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 96. INDIA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 97. INDIA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 98. INDIA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 99. INDIA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 100. JAPAN CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 101. JAPAN CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 102. JAPAN CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 103. JAPAN CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 104. JAPAN CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 105. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 106. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 107. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 108. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 109. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 110. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 111. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 112. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 113. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 114. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 115. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 116. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 117. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 118. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 119. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 120. LAMEA CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021-2031 ($MILLION) TABLE 121. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 122. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 123. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 124. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 125. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 126. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 127. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 128. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 129. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 130. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 131. AFRICA CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021-2031 ($MILLION) TABLE 132. AFRICA CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021-2031 ($MILLION) TABLE 133. AFRICA CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021-2031 ($MILLION) TABLE 134. AFRICA CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021-2031 ($MILLION) TABLE 135. AFRICA CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021-2031 ($MILLION) TABLE 136. AB VOLVO: KEY EXECUTIVES TABLE 137. AB VOLVO: COMPANY SNAPSHOT TABLE 138. AB VOLVO: PRODUCT SEGMENTS TABLE 139. AB VOLVO: SERVICE SEGMENTS TABLE 140. AB VOLVO: PRODUCT PORTFOLIO TABLE 141. AB VOLVO: KEY STRATERGIES TABLE 142. CATERPILLAR INC.: KEY EXECUTIVES TABLE 143. CATERPILLAR INC.: COMPANY SNAPSHOT TABLE 144. CATERPILLAR INC.: PRODUCT SEGMENTS TABLE 145. CATERPILLAR INC.: PRODUCT PORTFOLIO TABLE 146. CATERPILLAR INC.: KEY STRATERGIES TABLE 147. CNH INDUSTRIAL N. V.: KEY EXECUTIVES TABLE 148. CNH INDUSTRIAL N. V.: COMPANY SNAPSHOT TABLE 149. CNH INDUSTRIAL N. V.: PRODUCT SEGMENTS TABLE 150. CNH INDUSTRIAL N. V.: SERVICE SEGMENTS TABLE 151. CNH INDUSTRIAL N. V.: PRODUCT PORTFOLIO TABLE 152. CNH INDUSTRIAL N. V.: KEY STRATERGIES TABLE 153. HYUNDAI DOOSAN INFRACORE CO., LTD.: KEY EXECUTIVES TABLE 154. HYUNDAI DOOSAN INFRACORE CO., LTD.: COMPANY SNAPSHOT TABLE 155. HYUNDAI DOOSAN INFRACORE CO., LTD.: PRODUCT SEGMENTS TABLE 156. HYUNDAI DOOSAN INFRACORE CO., LTD.: PRODUCT PORTFOLIO TABLE 157. HYUNDAI DOOSAN INFRACORE CO., LTD.: KEY STRATERGIES TABLE 158. J C BAMFORD EXCAVATORS LTD. (JCB): KEY EXECUTIVES TABLE 159. J C BAMFORD EXCAVATORS LTD. (JCB): COMPANY SNAPSHOT TABLE 160. J C BAMFORD EXCAVATORS LTD. (JCB): PRODUCT SEGMENTS TABLE 161. J C BAMFORD EXCAVATORS LTD. (JCB): PRODUCT PORTFOLIO TABLE 162. J C BAMFORD EXCAVATORS LTD. (JCB): KEY STRATERGIES TABLE 163. LIEBHERR-INTERNATIONAL AG: KEY EXECUTIVES TABLE 164. LIEBHERR-INTERNATIONAL AG: COMPANY SNAPSHOT TABLE 165. LIEBHERR-INTERNATIONAL AG: PRODUCT SEGMENTS TABLE 166. LIEBHERR-INTERNATIONAL AG: PRODUCT PORTFOLIO TABLE 167. LIEBHERR-INTERNATIONAL AG: KEY STRATERGIES TABLE 168. HITACHI LTD.: KEY EXECUTIVES TABLE 169. HITACHI LTD.: COMPANY SNAPSHOT TABLE 170. HITACHI LTD.: PRODUCT SEGMENTS TABLE 171. HITACHI LTD.: PRODUCT PORTFOLIO TABLE 172. HITACHI LTD.: KEY STRATERGIES TABLE 173. DEERE & COMPANY: KEY EXECUTIVES TABLE 174. DEERE & COMPANY: COMPANY SNAPSHOT TABLE 175. DEERE & COMPANY: PRODUCT SEGMENTS TABLE 176. DEERE & COMPANY: SERVICE SEGMENTS TABLE 177. DEERE & COMPANY: PRODUCT PORTFOLIO TABLE 178. DEERE & COMPANY: KEY STRATERGIES TABLE 179. KOMATSU LTD.: KEY EXECUTIVES TABLE 180. KOMATSU LTD.: COMPANY SNAPSHOT TABLE 181. KOMATSU LTD.: PRODUCT SEGMENTS TABLE 182. KOMATSU LTD.: SERVICE SEGMENTS TABLE 183. KOMATSU LTD.: PRODUCT PORTFOLIO TABLE 184. KOMATSU LTD.: KEY STRATERGIES TABLE 185. XCMG GROUP: KEY EXECUTIVES TABLE 186. XCMG GROUP: COMPANY SNAPSHOT TABLE 187. XCMG GROUP: PRODUCT SEGMENTS TABLE 188. XCMG GROUP: PRODUCT PORTFOLIO TABLE 189. XCMG GROUP: KEY STRATERGIES
List of Figures
FIGURE 01. CONSTRUCTION EQUIPMENT MARKET, 2021-2031 FIGURE 02. SEGMENTATION OF CONSTRUCTION EQUIPMENT MARKET, 2021-2031 FIGURE 03. TOP INVESTMENT POCKETS IN CONSTRUCTION EQUIPMENT MARKET (2022-2031) FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS FIGURE 05. LOW BARGAINING POWER OF BUYERS FIGURE 06. LOW THREAT OF SUBSTITUTES FIGURE 07. LOW THREAT OF NEW ENTRANTS FIGURE 08. LOW INTENSITY OF RIVALRY FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALCONSTRUCTION EQUIPMENT MARKET FIGURE 10. CONSTRUCTION EQUIPMENT MARKET, BY SOLUTION TYPE, 2021 (%) FIGURE 11. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR PRODUCTS, BY COUNTRY 2021-2031 (%) FIGURE 12. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR SERVICES, BY COUNTRY 2021-2031 (%) FIGURE 13. CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021 (%) FIGURE 14. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR HEAVY CONSTRUCTION EQUIPMENT, BY COUNTRY 2021-2031 (%) FIGURE 15. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR COMPACT CONSTRUCTION EQUIPMENT, BY COUNTRY 2021-2031 (%) FIGURE 16. CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021 (%) FIGURE 17. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR WHEEL BULLDOZER, BY COUNTRY 2021-2031 (%) FIGURE 18. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR FRONT LOADERS, BY COUNTRY 2021-2031 (%) FIGURE 19. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR DUMP TRUCKS, BY COUNTRY 2021-2031 (%) FIGURE 20. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR BACKHOE LOADER, BY COUNTRY 2021-2031 (%) FIGURE 21. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR GRADER, BY COUNTRY 2021-2031 (%) FIGURE 22. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR CRAWLER DOZERS, BY COUNTRY 2021-2031 (%) FIGURE 23. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR COMPACTORS, BY COUNTRY 2021-2031 (%) FIGURE 24. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR EXCAVATORS, BY COUNTRY 2021-2031 (%) FIGURE 25. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR FORKLIFTS, BY COUNTRY 2021-2031 (%) FIGURE 26. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR CONCRETE MIXER TRUCK, BY COUNTRY 2021-2031 (%) FIGURE 27. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%) FIGURE 28. CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2021 (%) FIGURE 29. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR EXCAVATION AND MINING, BY COUNTRY 2021-2031 (%) FIGURE 30. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR LIFTING AND MATERIAL HANDLING, BY COUNTRY 2021-2031 (%) FIGURE 31. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR EARTH MOVING, BY COUNTRY 2021-2031 (%) FIGURE 32. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR TRANSPORTATION, BY COUNTRY 2021-2031 (%) FIGURE 33. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%) FIGURE 34. CONSTRUCTION EQUIPMENT MARKET, BY END USER, 2021 (%) FIGURE 35. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR OIL AND GAS, BY COUNTRY 2021-2031 (%) FIGURE 36. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR CONSTRUCTION AND INFRASTRUCTURE, BY COUNTRY 2021-2031 (%) FIGURE 37. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR MANUFACTURING, BY COUNTRY 2021-2031 (%) FIGURE 38. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR MINING, BY COUNTRY 2021-2031 (%) FIGURE 39. COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%) FIGURE 40. CONSTRUCTION EQUIPMENT MARKET BY REGION, 2021 FIGURE 41. U.S. CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 42. CANADA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 43. MEXICO CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 44. GERMANY CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 45. FRANCE CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 46. UK CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 47. ITALY CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 48. REST OF EUROPE CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 49. CHINA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 50. INDIA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 51. JAPAN CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 52. SOUTH KOREA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 53. REST OF ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 54. LATIN AMERICA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 55. MIDDLE EAST CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 56. AFRICA CONSTRUCTION EQUIPMENT MARKET, 2021-2031 ($MILLION) FIGURE 57. TOP WINNING STRATEGIES, BY YEAR FIGURE 58. TOP WINNING STRATEGIES, BY DEVELOPMENT FIGURE 59. TOP WINNING STRATEGIES, BY COMPANY FIGURE 60. PRODUCT MAPPING OF TOP 10 PLAYERS FIGURE 61. COMPETITIVE DASHBOARD FIGURE 62. COMPETITIVE HEATMAP: CONSTRUCTION EQUIPMENT MARKET FIGURE 63. TOP PLAYER POSITIONING, 2021 FIGURE 64. AB VOLVO: NET SALES, 2019-2021 ($MILLION) FIGURE 65. AB VOLVO: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 FIGURE 66. AB VOLVO: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 67. AB VOLVO: REVENUE SHARE BY REGION, 2021 (%) FIGURE 68. CATERPILLAR INC.: NET REVENUE, 2019-2021 ($MILLION) FIGURE 69. CATERPILLAR INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 FIGURE 70. CATERPILLAR INC.: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 71. CATERPILLAR INC.: REVENUE SHARE BY REGION, 2021 (%) FIGURE 72. CNH INDUSTRIAL N. V.: NET SALES, 2019-2021 ($MILLION) FIGURE 73. CNH INDUSTRIAL N. V.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION) FIGURE 74. CNH INDUSTRIAL N. V.: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 75. CNH INDUSTRIAL N. V.: REVENUE SHARE BY REGION, 2021 (%) FIGURE 76. HYUNDAI DOOSAN INFRACORE CO., LTD.: NET SALES, 2019-2021 ($MILLION) FIGURE 77. HYUNDAI DOOSAN INFRACORE CO., LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION) FIGURE 78. HYUNDAI DOOSAN INFRACORE CO., LTD.: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 79. LIEBHERR-INTERNATIONAL AG: NET SALES, 2019-2021 ($MILLION) FIGURE 80. LIEBHERR-INTERNATIONAL AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION) FIGURE 81. LIEBHERR-INTERNATIONAL AG: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 82. LIEBHERR-INTERNATIONAL AG: REVENUE SHARE BY REGION, 2021 (%) FIGURE 83. HITACHI LTD.: NET SALES, 2019-2021 ($MILLION) FIGURE 84. HITACHI LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION) FIGURE 85. HITACHI LTD.: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 86. HITACHI LTD.: REVENUE SHARE BY REGION, 2021 (%) FIGURE 87. DEERE & COMPANY: NET SALES, 2020-2022 ($MILLION) FIGURE 88. DEERE & COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022 ($MILLION) FIGURE 89. DEERE & COMPANY: REVENUE SHARE BY SEGMENT, 2022 (%) FIGURE 90. DEERE & COMPANY: REVENUE SHARE BY REGION, 2022 (%) FIGURE 91. KOMATSU LTD.: NET SALES, 2019-2021 ($MILLION) FIGURE 92. KOMATSU LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION) FIGURE 93. KOMATSU LTD.: REVENUE SHARE BY SEGMENT, 2021 (%) FIGURE 94. KOMATSU LTD.: REVENUE SHARE BY REGION, 2021 (%)
Executive Summary
According to the report titled, “Construction Equipment Market," the construction equipment market was valued at $195.8 billion in 2021, and is estimated to reach $313.9 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Construction equipment are industrial machinery used for various applications in a construction site such as excavating, material handling, lifting and moving, and other applications. Moreover, based on the type of job, heavy as well as light and compact construction equipment are available in the market. Few of the vastly used construction equipment are excavators, loaders, and dump trucks.
Key factors driving the growth of the construction equipment market include rise in construction & infrastructure industry, growth in focus on Public-private partnerships (PPP), and growth in popularity toward robust and compact equipment. An increase in population and urbanization has led to the expansion of the construction sector throughout the globe, which boost the construction equipment market growth. The increase in number of construction & infrastructure development projects such as residential, commercial, industrial, and public infrastructure largely drive the market; especially, in emerging economies, such as India, China, Vietnam, Brazil, South Africa, and others. For instance, with the new National Infrastructure Pipeline project of India, the country aims to develop social and economic infrastructure such as roads & highways, railway networks, ports, shipping, and inland waterways infrastructure. Expenditure for this is expected to be around $759.76 billion over a period of five years between 2020 and 2025. Similarly, the $1 trillion bi-partisan infrastructure law of the U.S. is expected to positively influence the market. The construction equipment market has grown along with such growth. Moreover, the rise in population has also increased the demand for minerals and energy; thereby positively boosting the mining industry. The mining industry utilizes various heavy-duty construction equipment such as excavators, loaders, dump trucks, and others. Thus, such factors, which have resulted in increased construction activities, are fueling the demand for construction equipment.
The market also offers growth opportunities to the key players in the market. Technological developments by major players, which include Volvo CE, John Deere, Caterpillar, JCB, and others have amplified the demand for construction equipment products. John Deere deals in an embedded payload scale along with an advanced payload scale through additional limited detail functionality. This payload weighing system by John Deere measures loaded trucks, cycle times, and total bucket loads. Moreover, construction equipment is vital for construction and mining businesses. It is needed to accomplish several functions such as material handling, excavating, earth working, and others. Thus, key players are continuously innovating their offerings. Features such as automation or self-driving in equipment have achieved traction in recent years. For instance, in 2020, 38-tonne Sandvik launched an autonomous mining loader, known as Sandvik LH514. Such factors provide lucrative growth opportunities for the construction market growth.
The construction equipment market is segmented on the basis of solution type, equipment type, type, application, end-user, and region. By solution type, it is divided into products and services. By equipment, the construction equipment market is classified into heavy construction equipment and compact construction equipment. By type, it is categorized into wheel bulldozers, front loaders, dump trucks, backhoe loader, grader, crawler dozers, compactors, excavators, forklifts, concrete mixer truck, 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.
Competitive analysis and profiles of the major players in the construction equipment end-user, such as AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hyundai Doosan Infracore Co., Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG) are provided in this report. There are some important players in the market such as Sany, CNH, and Terex. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the construction equipment market. For instance, in July 2022, a joint venture between Tata and Hitachi, known as Tata Hitachi launched 5-Tonne Wheel Loader ZW225 from its Kharagpur plant in India.
Key Market Insights
By solution type, the products segment was the highest revenue contributor to the market and is estimated to reach $244,338.5 million by 2031, with a CAGR of 4.7%. However, the services segment is estimated to be the fastest-growing segment with a CAGR of 5.1% during the forecast period.
Based on equipment type, the heavy construction equipment segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 4.7% during the forecast period.
By type, the excavator segment dominated the global market in 2021. However, the forklifts segment is expected to be the fastest-growing segment with a CAGR of 9.4% during the forecast period.
Based on end user, the construction and infrastructure segment was the highest revenue contributor to the market which is expected to grow with a significant CAGR during the forecast period.
Based on region, Asia-Pacific garnered the largest revenue share in 2021, and the same is anticipated to grow at the highest CAGR of 5.6% during the forecast period
Companies Mentioned
Hyundai Doosan Infracore Co., Ltd.
AB Volvo
CATERPILLAR INC.
XCMG Group
CNH Industrial N.V.
Hitachi Ltd.
J C Bamford Excavators Ltd. (JCB)
Liebherr-International AG
Komatsu Ltd.
Deere & Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Construction Equipment Market by Solution Type, Equipment Type, Type, Application, End-user: Global Opportunity Analysis and Industry Forecast, 2021-2031
