+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

Heavy Construction Equipment Market by Equipment Type, Application and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118784
  • Report
  • April 2020
  • Region: Global
  • 354 pages
  • Allied Analytics LLP

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company
  • Doosan Infracoe
  • JCB
  • MORE
The heavy construction equipment market size was valued at $1,71,667.0 million in 2019, and is projected to reach $2,40,496.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027. Heavy construction equipment includes equipment and vehicle, which are specifically designed for use in various construction applications and operations such as grading, drilling, excavating, hauling, and paving. This heavy construction equipment are used by various end-user industries, including mining, oil & gas, construction, manufacturing, forestry, and infrastructure.

Trend shows that the demand for heavy construction equipment has increased within various countries in the region, especially in China and India owing to urbanization and high investment in the infrastructure segment. In addition, prominent players, such as Caterpillar Inc. and Volvo AB, are inclined toward development of efficient earthmoving machines with advance technologies and improved performance. For instance, the newly commercialized earth moving solutions, developed by Caterpillar Inc., reduce operating costs and are equipped with advanced technologies such as AccuGradeTM grade control system and computer aided earthmoving system (CAES). However, environmental concerns caused due to release of harmful gases, such as carbon dioxide and others by diesel-run machineries hamper market growth. Furthermore, the development of low emission and fuel-efficient equipment offers lucrative growth opportunities for the market players during the forecast period. The market is segmented on the basis of equipment type, application, end user, and region. By equipment type, the market is classified into earthmoving equipment, material handling, heavy construction vehicles, and others.

The earthmoving equipment segment is sub-segmented into excavators, loaders, backhoe loaders, and motor graders. The material handling equipment segment is sub-segmented into cranes and telescopic handlers. The heavy construction vehicles segment is sub-categorized into dumpers and tippers. The others segment includes compactors and pavers. By application, the market is categorized into excavation & demolition, heavy lifting, tunneling, material handling, and recycling & waste management. By end user, it is classified as infrastructure, construction, mining, oil & gas, manufacturing, and others (forestry and agriculture).

By region, the heavy construction equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2019, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to the increased funding by the government agencies and rise in focus to develop infrastructure in this region.

COMPETITION ANALYSIS

Key companies profiled in the report include AB Volvo, Caterpillar Inc., CNH, Deere & Company, Doosan Infracoe, Hitachi Machinery Construction, JCB, Komatsu, Liebherr AG, and Sany.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
  • Extensive analysis of the heavy 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 the regions is provided to determine the prevailing opportunities.
  • The global heavy construction equipment market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within heavy construction equipment market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the heavy construction equipment industry.
GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET SEGMENTS

BY EQUIPMENT TYPE
  • Earthmoving
  • Material handling
  • Heavy construction vehicles
  • Others
BY END-USER
  • Infrastructure
  • Construction
  • Mining
  • Oil & Gas
  • Manufacturing
  • Others
BY APPLICATION
  • Excavation & Demolition
  • Heavy Lifting
  • Tunneling
  • Material Handling
  • Recycling & Waste management
BY REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY PLAYERS
  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company,
  • Doosan Infracoe
  • Hitachi Machinery Construction,
  • JCB
  • Komatsu
  • Liebherr AG
  • Sany
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company
  • Doosan Infracoe
  • JCB
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
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. Key Findings of the Study
2.2. 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
3.2.3. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rise in Investment in Construction Sector
3.4.1.2. Increase in Focus on Public–Private Partnerships
3.4.1.3. Focus on Expansion of the Mining Sector
3.4.2. Restraints
3.4.2.1. Increase in Carbon Footprint and Fluctuating Oil Prices
3.4.2.2. Weak Economic Conditions in Latin America
3.4.3. Opportunity
3.4.3.1. Technical Advancement and Development of Low Emission, Fuel-Efficient Equipment

Chapter 4: Heavy Construction Equipment Market, by Equipment Type
4.1. Overview
4.1.1. Market Size and Forecast, by Equipment Type
4.2. Earthmoving
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast , by Region
4.2.2.1. Excavators
4.2.2.2. Loaders
4.2.2.3. Backhoe Loaders
4.2.2.4. Motor Graders
4.2.3. Market Analysis by Country
4.3. Material Handling Equipment
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.2.1. Cranes
4.3.2.2. Telescopic Handlers
4.3.3. Market Analysis by Country
4.4. Heavy Construction Vehicles
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.2.1. Dumpers
4.4.2.2. Tippers
4.4.3. Market Analysis by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.2.1. Compactors
4.5.2.2. Pavers/Asphalt Finishers
4.5.3. Market Analysis by Country

Chapter 5: Heavy Construction Equipment Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast, by Application
5.2. Excavation & Demolition
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast , by Region
5.2.3. Market Analysis by Country
5.3. Heavy Lifting
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4. Tunneling
5.4.1. Key Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country
5.5. Material Handling
5.5.1. Key Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis by Country
5.6. Recycling & Waste Management
5.6.1. Key Growth Factors and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis by Country

Chapter 6: Heavy Construction Equipment Market, by End-User Industry
6.1. Overview
6.1.1. Market Size and Forecast, by End-User Industry
6.2. Infrastructure
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, Region
6.2.3. Market Analysis by Country
6.3. Construction
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
6.4. Mining
6.4.1. Key Growth Factors and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis by Country
6.5. Oil & Gas
6.5.1. Key Growth Factors and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Analysis by Country
6.6. Manufacturing
6.6.1. Key Growth Factors and Opportunities
6.6.2. Market Size and Forecast, by Region
6.6.3. Market Analysis by Country
6.7. Others
6.7.1. Key Growth Factors and Opportunities
6.7.2. Market Size and Forecast, by Region
6.7.3. Market Analysis by Country

Chapter 7: Heavy Construction Equipment Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. Market Size and Forecast, by Equipment Type
7.2.3. Market Size and Forecast, by Application
7.2.4. Market Size and Forecast, by End-User Industry
7.2.5. Market Analysis by Country
7.2.5.1. U. S.
7.2.5.1.1. U. S. Market Size and Forecast, by Equipment Type
7.2.5.1.2. U. S. Market Size and Forecast, by Application
7.2.5.1.3. Market Size and Forecast, by End-User Industry
7.2.5.2. Canada
7.2.5.2.1. Canada Market Size and Forecast, by Equipment Type
7.2.5.2.2. Canada Market Size and Forecast, by Application
7.2.5.2.3. Canada Market Size and Forecast, by End-User Industry
7.2.5.3. Mexico
7.2.5.3.1. Mexico Market Size and Forecast, by Equipment Type
7.2.5.3.2. Mexico Market Size and Forecast, by Application
7.2.5.3.3. Mexico Market Size and Forecast, by End-User Industry
7.3. Europe
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, by Equipment Type
7.3.3. Market Size and Forecast, by Application
7.3.4. Europe Market Size and Forecast, by End-User Industry
7.3.5. Europe Market Size and Forecast, by Country
7.3.5.1. Germany
7.3.5.1.1. Germany Market Size and Forecast, by Equipment Type
7.3.5.1.2. Germany Market Size and Forecast, by Application
7.3.5.1.3. Germany Market Size and Forecast, by End-User Industry
7.3.5.2. France
7.3.5.2.1. France Market Size and Forecast, by Equipment Type
7.3.5.2.2. France Market Size and Forecast, by Application
7.3.5.2.3. France Market Size and Forecast, by End-User Industry
7.3.5.3. UK
7.3.5.3.1. UK Market Size and Forecast, by Equipment Type
7.3.5.3.2. UK Market Size and Forecast, by Application
7.3.5.3.3. Market Size and Forecast, by End-User Industry
7.3.5.4. Italy
7.3.5.4.1. Italy Market Size and Forecast, by Equipment Type
7.3.5.4.2. Italy Market Size and Forecast, by Application
7.3.5.4.3. Market Size and Forecast, by End-User Industry
7.3.5.5. Rest of Europe
7.3.5.5.1. Rest of Europe Market Size and Forecast, by Equipment Type
7.3.5.5.2. Rest of Europe Market Size and Forecast, by Application
7.3.5.5.3. Rest of Europe Market Size and Forecast, by End-User Industry
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, by Equipment Type
7.4.3. Market Size and Forecast, by Application
7.4.4. Market Size and Forecast, by End-User Industry
7.4.5. Market Size and Forecast, by Country
7.4.5.1. China
7.4.5.1.1. China Market Size and Forecast, by Equipment Type
7.4.5.1.2. China Market Size and Forecast, by Application
7.4.5.1.3. China Market Size and Forecast, by End-User Industry
7.4.5.2. India
7.4.5.2.1. India Market Size and Forecast, by Equipment Type
7.4.5.2.2. India Market Size and Forecast, by Application
7.4.5.2.3. India Market Size and Forecast, by End-User Industry
7.4.5.3. Japan
7.4.5.3.1. Japan Market Size and Forecast, by Equipment Type
7.4.5.3.2. Japan Market Size and Forecast, by Application
7.4.5.3.3. Japan Market Size and Forecast, by End-User Industry
7.4.5.4. Rest of Asia-Pacific
7.4.5.4.1. Rest of Asia-Pacific Market Size and Forecast, by Equipment Type
7.4.5.4.2. Rest of Asia-Pacific Market Size and Forecast, by Application
7.4.5.4.3. Rest of Asia-Pacific Market Size and Forecast, by End-User Industry
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast, by Equipment Type
7.5.3. Market Size and Forecast, by Application
7.5.4. Market Size and Forecast, by End-User Industry
7.5.5. Market Size and Forecast, by Country
7.5.5.1. Latin America
7.5.5.1.1. Latin America Market Size and Forecast, by Equipment Type
7.5.5.1.2. Latin America Market Size and Forecast, by Application
7.5.5.1.3. Latin America Market Size and Forecast, by End-User Industry
7.5.5.2. Middle East
7.5.5.2.1. Middle East Market Size and Forecast, by Equipment Type
7.5.5.2.2. Middle East Market Size and Forecast, by Application
7.5.5.2.3. Middle East Market Size and Forecast, by End-User Industry
7.5.5.3. Africa
7.5.5.3.1. Africa Market Size and Forecast, by Equipment Type
7.5.5.3.2. Africa Market Size and Forecast, by Application
7.5.5.3.3. Africa Market Size and Forecast, by End-User Industry

Chapter 8: Company Profile:
8.1. Ab Volvo
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. R&D Expenditure
8.1.7. Business Performance
8.1.8. Key Strategic Moves and Developments
8.2. Caterpillar Inc.
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. R&D Expenditure
8.2.7. Business Performance
8.2.8. Key Strategic Moves and Developments
8.3. Cnh Industrial N. V.
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. R&D Expenditure
8.3.7. Business Performance
8.3.8. Key Strategic Moves and Developments
8.4. Deere & Company
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. R&D Expenditure
8.4.7. Business Performance
8.4.8. Key Strategic Moves and Developments
8.5. Doosan Infracore Co. Ltd.
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. R&D Expenditure
8.5.7. Business Performance
8.5.8. Key Strategic Moves and Developments
8.6. Hitachi Ltd.
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. R&D Expenditure
8.6.7. Business Performance
8.6.1. Key Strategic Moves and Developments
8.7. J C Bamford Excavators Ltd.
8.7.1. Company Overview
8.7.2. Key Executive
8.7.3. Company Snapshot
8.7.4. Product Portfolio
8.7.5. Key Strategic Moves and Developments
8.8. Komatsu Ltd.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. R&D Expenditure
8.8.7. Business Performance
8.8.8. Key Strategic Moves and Developments
8.9. Liebherr-International AG
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. R&D Expenditure
8.9.7. Business Performance
8.9.8. Key Strategic Moves and Developments
8.10. Xcmg Group
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Product Portfolio
8.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company
  • Doosan Infracoe
  • JCB
  • MORE
According to the report titled, 'Heavy Construction Equipment Market by Equipment Type, Application, and End-User: Opportunity Analysis and Industry Forecast, 2020-2027', the global heavy construction equipment market size was valued at $171.6billion in 2019, and is projected to reach $240.4billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. Heavy construction equipment is heavy equipment or vehicle used for activities involved in construction such as excavation, material lifting, tunneling, and material handling. The market is mainly driven by development in residential, commercial, and industrial sectors, increase in public-private partnership, and global economic growth. However, higher carbon emission and increase in oil prices are some factors that limit the growth of the heavy construction equipment market.

The commonly observed types of heavy construction equipment are earthmoving equipment, material handling equipment, heavy construction vehicles, and others. Among these, the earthmoving equipment segment accounts for the largest market size by value, owing to low operating cost and increased demand from various industries such as construction, manufacturing, oil & gas, and mining & forestry.

The market is analyzed with respect to different applications provided, such as excavation & demolition, material lifting, tunneling, material handling, and recycling & waste management. These applications currently drive the market growth owing to the planning and implementation of different infrastructure projects. The excavation & demolition segment had largest share in the market in 2019, growing at a CAGR of 2.5% during the forecast period, as these excavators are equipped with new technology that ensures improved output, cost effectiveness, high performance, and efficiency.

The material handling applications segment is anticipated to grow rapidly, with a CAGR of 5.4% during the forecast period, due to increased use of material handling equipment such as cranes and telehandlers in large building, construction, and mining operations. The heavy construction equipment is used in numerous industry verticals. The end-user industries analyzed in the report are construction, mining, infrastructure, manufacturing, oil & gas, and others.

Among all industries, the construction industry accounted for the largest market share owing to improved involvement in private sector, tremendous growth in real estate sector, improved economic conditions, and residential & commercial infrastructure set-up in emerging economies. The construction industry generated highest revenue in 2019, which is expected to grow at a CAGR of 3.4% over the period of 2020-2027. However, manufacturingsector is expected to witness the highest growth during the forecast period, due to the increase in industrialization and urbanization. In addition, rise in application of forklifts and hoisting equipment in the manufacturing industry boosts the market growth in both, the developed and the developing nations.

By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor in 2019. This region is expected to grow with highest CAGR from 2020 - 2027. The heavy construction equipment market is expected to exhibit a robust growth owing to increased use of earthmoving equipment in construction. Moreover, proactive government initiatives related to infrastructure developments result in an upsurge in investments in construction and mining projects.

The key players profiled in the heavy construction equipment market report include AB Volvo, Caterpillar Inc., CNH, Deere & Company, Doosan Infracoe, Hitachi Machinery Construction, JCB, Komatsu, Liebherr AG, and Sany.

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics.
The report provides an extensive analysis of theheavy construction equipment markettrends and emerging opportunities of the market.
In-depth heavy construction equipment market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
The global heavy construction equipment market forecast analysis from 2020 to 2027 is included in the report.
Depending on end-user, the constructionsegment dominated theheavy construction equipment market, in terms of revenue in 2019 and manufacturingis projected to grow at a CAGR 6.2%during the forecast period.
By type, theearthmoving segment registered highest revenue inthe heavy construction equipment market in 2019.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the heavy construction equipment market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the heavy construction equipment industry
Note: Product cover images may vary from those shown
  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company
  • Doosan Infracoe
  • Hitachi Machinery Construction
  • JCB
  • Komatsu
  • Liebherr AG
  • Sany
Note: Product cover images may vary from those shown

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.

Loading
LOADING...

Adroll
adroll