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Construction Equipment Market by Type (Excavator-Crawler & Mini, Loader-Backhoe, Skid-steer, Wheel, Dozer, Dump Truck, Others), Electric Equipment, Propulsion, Power Output, Application, Rental, Aftertreatment Device and Region - Global Forecast to 2025

  • ID: 5187646
  • Report
  • November 2020
  • Region: Global
  • 268 Pages
  • Markets and Markets
The Global Construction Equipment Market Size is Projected to Reach USD 205.0 Billion by 2025, from USD 169.3 Billion in 2020, at a 3.9% CAGR.

FEATURED COMPANIES

  • Ammann
  • Caterpillar Inc.
  • Hyundai Heavy Industries
  • Komatsu Ltd
  • Sandvik Group
  • Volvo Group

Rapid urbanization, increasing development of infrastructure in emerging economies of Asia, an increase in population and migration to cities, and a rise in disposable income drive the growth of the construction equipment market in Asia, and North America. The increasing number of infrastructure projects and mega construction projects are anticipated further to fuel the demand for construction equipment during the forecast period.

The demand for dump truck market, by electric construction equipment, is expected to the largest market owing to increasing demand for hybrid trucks

Dump trucks, also known as the dumpers/ tipper dumpers/ tipper trucks, are used to carry materials such as sand, gravel, or dirt and waste materials from the site in surface and underground mining applications. It is equipped with hydraulic pistons in the front and an open-box bed hinged at the rear, which allows the materials to be dumped at the delivery site. Dump trucks are preferred generally for off-road applications with a terrain slope below 30 degrees. Major companies in the global electric dump truck market include Komatsu Ltd., Caterpillar, and Epiroc. A major chunk of the global electric dump truck market is currently held by hybrid mining dump trucks due to their higher capacity, power output, fuel efficiency, and reduced maintenance cost.

Demand for Diesel Oxidation Catalyst (DOC) segment is expected to be the fastest-growing segment throughout the forecast period

A DOC is mainly used to filter carbon and hydrocarbon emissions using palladium and aluminum oxide as a catalyst. It breaks down carbon and hydrocarbon into carbon dioxide and water, respectively. Since 2014, all diesel vehicles are equipped with DOCs. The reduction in HC and CO emissions using DOCs is estimated to be about 60-90%. In Asia Pacific, OEMs/manufacturers comply with the latest emission norms by adding DOC as a filtration device. This device is used in all emission standards, such as Stage III, Stage IV/Tier 4, and V/Tier 5 final equipment. As the Asian economies are moving toward more stringent emission norms, the use of DOC for emission reduction is expected to increase during the forecast period.

Asia Pacific is projected to be the largest market throughout 2025

Asia Pacific is estimated to be the largest market due to an increase in infrastructure development in China, India, Japan, and Indonesia. The construction equipment market has experienced growth in the number of projects such as dams, airports, and hydroelectric projects. Many international companies have started their manufacturing plants in this region. Some man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow.

Some of the major projects driving this region's construction equipment market are the SongdoInternational Business District in South Korea and China-Pakistan Economic Corridor. These mega projects have led to an increase in investments and construction activities, thereby driving the region's construction equipment market.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.

  • By Company Type: OEM - 70%, Rental Companies - 30%
  • By Designation: C Level - 40%, and Others - 60%
  • By Region: Asia Pacific - 50%, Europe - 20%, North America - 15%, Middle East and ROW - 15%

Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden) are the leading manufacturers of construction equipment in the global market.

Research Coverage:

The study segments the construction equipment market and forecasts the market size based on Equipment Type (Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavator, Crawler Loader, Mini Excavator, Motor Grader, Motor Scraper, Rigid Dump Truck, Road Roller, RTLT Masted, RTLT Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loader >80 Hp, Wheeled Loader <80 Hp), Electric construction equipment by type (Dump Truck, Loader, Dozer, Excavator, Motor Grader), Engine Capacity (<5L, 5-10L, >10L), by Aftertreatment device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), Selective Catalytic Reduction (SCR)), Construction Equipment Rental market by Application (Commercial, Infrastructure, Residential), by Application (Commercial, Infrastructure, Residential), By Propulsion type (Diesel, CNG/LNG/RNG), By Power Output (<100 HP, 101-200 HP, 201-400 HP, >400 HP), Equipment category (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicle, Other Equipment), By Emission regulation (Stage II, Stage III, Stage IIIA, Stage IV, Stage V, Stage VI, Tier 4, Tier 5) and region (Asia, Europe, North America, Middle East and Rest of the World).

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ammann
  • Caterpillar Inc.
  • Hyundai Heavy Industries
  • Komatsu Ltd
  • Sandvik Group
  • Volvo Group

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Summary of Changes
1.4 Market Scope
Figure 1 Construction Equipment Market Segmentation
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 2 Construction Equipment Market: Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources for Equipment Sales
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 4 Breakdown of Primary Interviews
2.1.2.1 Sampling Techniques & Data Collection Methods
2.1.2.2 Primary Participants
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach: Construction Equipment Market (Equipment Type, Category, Regional & Country-Level)
2.2.2 Top-Down Approach: Construction Equipment Market (Application/Propulsion/Power Output/Engine Capacity)
2.2.3 Bottom-Up Approach: Rental Construction Equipment Market (Application and Region)
2.2.4 Top-Down Approach: Electric Construction Equipment Market (Equipment and Region)
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Assumptions

3 Executive Summary
3.1 Pre- vs Post-COVID-19 Scenario
Figure 6 Pre- vs Post-COVID-19 Scenario: Construction Equipment Market, 2018-2025 (USD Million)
Table 1 Construction Equipment Market: Pre- Vs. Post-COVID-19 Scenario, 2018-2025 (USD Million)
3.2 Report Summary
Figure 7 Construction Equipment Market Outlook
Figure 8 Construction Equipment Market, by Equipment Type, 2020 & 2025 (USD Million)

4 Premium Insights
4.1 Attractive Opportunities in the Construction Equipment Market
Figure 9 Rising Demand for Urban Infrastructure Projects and Wheeled Loader with >80 Hp Expected to Drive the Market
4.2 Construction Equipment Market, by Region
Figure 10 Asia Projected to Lead the Market During the Forecast Period
4.3 Construction Equipment Market, by Equipment Category
Figure 11 Material Handling Equipment Segment Expected to Grow at the Highest CAGR from 2020 to 2025
4.4 Construction Equipment Market, by Equipment Type
Figure 12 Wheeled Loader> 80 Hp Segment is Projected to Lead the Market During Forecast Period
4.5 Electric Construction Equipment Market, by Equipment Type
Figure 13 Dump Truck Projected to be the Largest Segment from 2020 to 2025
4.6 Construction Equipment Market, by Application
Figure 14 Commercial Segment Projected to Lead the Market During the Forecast Period
4.7 Construction Equipment Rental Market, by Application
Figure 15 Commercial Segment is Expected to Hold Largest Market Share in 2020
4.8 Construction Equipment Market, by Aftertreatment Device
Figure 16 Scr Segment Projected to Lead the Market During Forecast Period
4.9 Construction Equipment Market, by Power Output
Figure 17 100-200 Hp Segment Projected to Lead the Market from 2020 to 2025
4.10 Construction Equipment Market, by Engine Capacity
Figure 18 <5L Segment is Estimated to Hold Largest Market Share in 2020
4.11 Construction Equipment Market, by Propulsion Type
Figure 19 Cng/Lng/Rng Segment Projected to Grow at a Higher Rate During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Years Considered for the Study
5.3 Market Dynamics
Figure 20 Market Dynamics: Drivers, Restraints, Opportunities, and Challenges in the Construction Equipment Market
5.3.1 Drivers
5.3.1.1 Increase in Infrastructure Investments Post the COVID-19 Pandemic
5.3.1.2 Oem-Centric Connected Features
5.3.2 Restraints
5.3.2.1 Decreased Deal Value of Construction Equipment Projects
5.3.3 Opportunities
5.3.3.1 COVID-19 Pandemic to Provide Opportunities for Companies Offering Construction Equipment on Rent
5.3.3.2 Electric and Autonomous Construction Equipment
5.3.4 Challenges
5.3.4.1 Lack of Harmonized Emission Regulations Globally
5.4 Impact of COVID-19 on the Construction Sector
5.4.1 COVID-19 Health Assessment
Figure 21 COVID-19 Propagation: Select Countries
5.5 Construction Equipment Market Scenario
Figure 22 Construction Equipment Market Scenario, 2018-2025 (USD Million)
5.5.1 Most Likely/Realistic Scenario
Table 2 Construction Equipment Market (Realistic Scenario), by Region, 2018-2025 (USD Million)
5.5.2 High COVID-19 Impact Scenario
Table 3 Construction Equipment Market (High COVID-19 Impact Scenario), by Region, 2018-2025 (USD Million)
5.5.3 Low COVID-19 Impact Scenario
Table 4 Construction Equipment Market (Low COVID-19 Impact Scenario), by Region, 2018-2025 (USD Million)
5.6 Revenue Shift for Construction Equipment Manufacturers
5.7 Pricing Analysis
Table 5 Average Prices of Construction Equipment Types, 2019
5.8 Technological Analysis
5.8.1 Overview
5.8.1.1 Autonomous Construction Equipment
5.8.1.2 Connected Technologies
5.8.1.3 Grade Control System
5.8.1.4 Payload Weighing System
5.9 Ecosystem
Figure 23 Ecosystem: Construction Equipment Market
5.10 Supply Chain
Figure 24 Supply Chain Analysis: Construction Equipment Market

6 Construction Equipment Market, by Equipment Type
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumptions/Limitations
6.1.3 Industry Insights
Figure 25 Construction Equipment Market, by Equipment Type, 2020 & 2025 (USD Million)
Table 6 Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 7 Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
6.2 Articulated Dump Truck
6.2.1 Maneuverability Over Rough Terrain Drive Demand of These Trucks
Table 8 Articulated Dump Truck Market, by Region, 2018-2025 (Units)
Table 9 Articulated Dump Truck Market, by Region, 2018-2025 (USD Million)
6.3 Asphalt Finisher
6.3.1 Investment in Road Construction Projects to Drive the Demand
Table 10 Asphalt Finisher Market, by Region, 2018-2025 (Units)
Table 11 Asphalt Finisher Market, by Region, 2018-2025 (USD Million)
6.4 Backhoe Loader
6.4.1 Ability to Perform Heavy Tasks Drive the Demand for this Equipment
Table 12 Backhoe Loader Market, by Region, 2018-2025 (Units)
Table 13 Backhoe Loader Market, by Region, 2018-2025 (USD Million)
6.5 Crawler Dozer
6.5.1 Growing Infrastructure Activities to Drive the Demand
Table 14 Crawler Dozer Market, by Region, 2018-2025 (Units)
Table 15 Crawler Dozer Market, by Region, 2018-2025 (USD Million)
6.6 Crawler Excavator
6.6.1 Heavy Investments in Infrastructure by Government Fuel this Segment
Table 16 Crawler Excavator Market, by Region, 2018-2025 (Units)
Table 17 Crawler Excavator Market, by Region, 2018-2025 (USD Million)
6.7 Crawler Loader
6.7.1 Demand for Crawler Loaders is Increasing Owing to Their High Lifting Capacity, Power & Flexibility
Table 18 Crawler Loader Market, by Region, 2018-2025 (Units)
Table 19 Crawler Loader Market, by Region, 2018-2025 (USD Million)
6.8 Mini Excavator
6.8.1 Low-Fuel Consumption and Reduced Noise Make Mini Excavators More Reliable for Use
Table 20 Mini Excavator Market, by Region, 2018-2025 (Units)
Table 21 Mini Excavator Market, by Region, 2018-2025 (USD Million)
6.9 Motor Grader
6.9.1 Low-Cost and Efficiency Drive the Demand of this Equipment
Table 22 Motor Grader Market, by Region, 2018-2025 (Units)
Table 23 Motor Grader Market, by Region, 2018-2025 (USD Million)
6.10 Motor Scraper
6.10.1 Wide Application in Construction Site Drive the Demand of this Equipment
Table 24 Motor Scraper Market, by Region, 2018-2025 (Units)
Table 25 Motor Scraper Market, by Region, 2018-2025 (USD Million)
6.11 Road Roller
6.11.1 Road Development Projects Fuel the Demand for Road Rollers
Table 26 Road Roller Market, by Region, 2018-2025 (Units)
Table 27 Road Roller Market, by Region, 2018-2025 (USD Million)
6.12 Rigid Dump Truck
6.12.1 Maneuverability Drive the Demand for this Equipment
Table 28 Rigid Dump Truck Market, by Region, 2018-2025 (Units)
Table 29 Rigid Dump Truck Market, by Region, 2018-2025 (USD Million)
6.13 Rtlt Masted
6.13.1 Rtlt Masted is Used to Offload Bricks Across Rough Terrain
Table 30 Rtlt Masted Market, by Region, 2018-2025 (Units)
Table 31 Rtlt Masted Market, by Region, 2018-2025 (USD Million)
6.14 Rtlt Telescopic
6.14.1 More Versatility Compared to Rtlt Masted to Drive the Demand
Table 32 Rtlt Telescopic Market, by Region, 2018-2025 (Units)
Table 33 Rtlt Telescopic Market, by Region, 2018-2025 (USD Million)
6.15 Skid-Steer Loader
6.15.1 Demand for Energy Efficient Equipment Fuel this Segment
Table 34 Skid-Steer Loader Market, by Region, 2018-2025 (Units)
Table 35 Skid-Steer Loader Market, by Region, 2018-2025 (USD Million)
6.16 Wheeled Excavator
6.16.1 Ease of Operation Drive the Demand for Wheeled Excavators
Table 36 Wheeled Excavator Market, by Region, 2018-2025 (Units)
Table 37 Wheeled Excavator Market, by Region, 2018-2025 (USD Million)
6.17 Wheeled Loader <80 Hp
6.17.1 Small-Scale Construction Projects Drive the Demand of this Equipment
Table 38 Wheeled Loader <80 Hp Market, by Region, 2018-2025 (Units)
Table 39 Wheeled Loader <80 Hp Market, by Region, 2018-2025 (USD Million)
6.18 Wheeled Loader >80 Hp
6.18.1 Large Scale Construction Projects Drive the Demand of These Loaders
Table 40 Wheeled Loader >80 Hp Market, by Region, 2018-2025 (Units)
Table 41 Wheeled Loader >80 Hp Market, by Region, 2018-2025 (USD Million)

7 Construction Equipment Market, by Equipment Category
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions/Limitations
7.1.3 Industry Insights
Figure 26 Construction Equipment Market, by Equipment Category, 2020 & 2025 (USD Million)
Table 42 Construction Equipment Market, by Equipment Category, 2018-2025 (Units)
Table 43 Construction Equipment Market, by Equipment Category, 2018-2025 (USD Million)
7.2 Earthmoving Equipment
7.2.1 Increased Construction Activities Drive the Demand of this Equipment
Table 44 Earthmoving Equipment Market, by Region, 2018-2025 (Units)
Table 45 Earthmoving Equipment Market, by Region, 2018-2025 (USD Million)
7.3 Material Handling Equipment
7.3.1 Industrial Development Projects to Drive this Segment
Table 46 Material Handling Equipment Market, by Region, 2018-2025 (Units)
Table 47 Material Handling Equipment Market, by Region, 2018-2025 (USD Million)
7.4 Heavy Construction Vehicles
7.4.1 Road and Tunnel Construction Projects to Drive the Demand
Table 48 Heavy Construction Vehicles Market, by Region, 2018-2025 (Units)
Table 49 Heavy Construction Vehicles Market, by Region, 2018-2025 (USD Million)
7.5 Others
7.5.1 Rising Urban Infrastructure Activities to Drive this Segment
Table 50 Other Construction Equipment Market, by Region, 2018-2025 (Units)
Table 51 Other Construction Equipment Market, by Region, 2018-2025 (USD Million)

8 Construction Equipment Market, by Propulsion Type
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions/Limitations
8.1.3 Industry Insights
Figure 27 Construction Equipment Market, by Propulsion Type, 2020 & 2025 (USD Million)
Table 52 Construction Equipment Market, by Propulsion Type, 2018-2025 (Units)
Table 53 Construction Equipment Market, by Propulsion Type, 2018-2025 (USD Million)
8.2 Diesel
8.2.1 Demand for High Torque Drive Diesel-Powered Equipment
Table 54 Diesel: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 55 Diesel: Construction Equipment Market, by Region, 2018-2025 (USD Million)
8.3 Cng/Lng/Rng
8.3.1 Demand for Alternative Fuels Will Drive this Segment
Table 56 Cng/Lng/Rng: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 57 Cng/Lng/Rng: Construction Equipment Market, by Region, 2018-2025 (USD Million)

9 Construction Equipment Market, by Power Output
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions/Limitations
9.1.3 Industry Insights
Figure 28 Construction Equipment Market, by Power Output, 2020 & 2025 (USD Million) 102
Table 58 Construction Equipment Market, by Power Output, 2018-2025 (Units) 102
Table 59 Construction Equipment Market, by Power Output, 2018-2025 (USD Million) 102
9.2 <100 Hp
9.2.1 Road Maintenance and Repair Projects Expected to Drive this Segment
Table 60 <100 Hp: Construction Equipment Market, by Region, 2018-2025 (Units) 103
Table 61 <100 Hp: Construction Equipment Market, by Region, 2018-2025 (USD Million)
9.3 101-200 Hp
9.3.1 Low Maintenance Cost of Construction Equipment with 101-200 Hp Drive this Segment
Table 62 101-200 Hp: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 63 100-200Hp: Construction Equipment Market, by Region, 2018-2025 (USD Million)
9.4 201-400 Hp
9.4.1 Increasing Demand for Heavy Construction Equipment Will Drive this Segment
Table 64 201-400 Hp: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 65 201-400 Hp: Construction Equipment Market, by Region, 2018-2025 (USD Million)
9.5 >400 Hp
9.5.1 Commercial Construction Projects Expected to Drive this Segment
Table 66 >400 Hp: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 67 >400 Hp: Construction Equipment Market, by Region, 2018-2025 (USD Million)

10 Construction Equipment Market, by Engine Capacity
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Industry Insights
Figure 29 Construction Equipment Market, by Engine Capacity, 2020 & 2025 (USD Million)
Table 68 Construction Equipment Market, by Engine Capacity, 2018-2025 (Units)
Table 69 Construction Equipment Market, by Engine Capacity, 2018-2025 (USD Million)
10.2 <5L
10.2.1 Demand for Compact Construction Equipment to Drive this Segment
Table 70 <5L: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 71 <5L: Construction Equipment Market, by Region, 2018-2025 (USD Million)
10.3 5-10L
10.3.1 Wide Application of 5-10L Engines to Drive this Segment
Table 72 5-10L: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 73 5-10L: Construction Equipment Market, by Region, 2018-2025 (USD Million)
10.4 >10L
10.4.1 Demand for Heavy Construction Equipment Will Drive this Segment
Table 74 >10L: Construction Equipment Market, by Region, 2018-2025 (Units)
Table 75 >10L: Construction Equipment Market, by Region, 2018-2025 (USD Million)

11 Construction Equipment Market, by Application
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions/Limitations
11.1.3 Industry Insights
Figure 30 Construction Equipment Market, by Application, 2020 & 2025 (USD Million)
Table 76 Construction Equipment Market, by Application, 2018-2025 (USD Million)
11.2 Infrastructure
11.2.1 Investments in Infrastructure Projects Expected to Drive the Demand for Construction Equipment
Table 77 Infrastructure Construction Equipment Market, by Region, 2018-2025 (USD Million)
11.3 Commercial
11.3.1 Construction of Office Spaces and Manufacturing Units to Drive this Segment
Table 78 Commercial Construction Equipment Market, by Region, 2018-2025 (USD Million)
11.4 Residential
11.4.1 Growing Population and Urban City Developments to Propel the Use Construction Equipment in Residential Segment
Table 79 Residential Construction Equipment Market, by Region, 2018-2025 (USD Million)

12 Electric Construction Equipment Market, by Equipment Type
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions/Limitations
12.1.3 Industry Insights
Figure 31 Electric Construction Equipment Market, by Equipment Type, 2020 & 2025 (USD Million)
Table 80 Electric Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 81 Electric Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
12.2 Electric Dump Truck
12.2.1 Demand for Hybrid Dump Trucks Expected to Drive this Segment
Table 82 Electric Dump Truck Market, by Region, 2018-2025 (Units)
Table 83 Electric Dump Truck Market, by Region, 2018-2025 (USD Million)
12.3 Electric Dozer
12.3.1 Lower Maintenance and Improved Productivity Drive the Demand for Dozers
Table 84 Electric Dozer Market, by Region, 2018-2025 (Units)
Table 85 Electric Dozer Market, by Region, 2018-2025 (USD Million)
12.4 Electric Excavator
12.4.1 Demand for Mini Excavators to Drive this Segment
Table 86 Electric Excavator Market, by Region, 2018-2025 (Units)
Table 87 Electric Excavator Market, by Region, 2018-2025 (USD Million)
12.5 Electric Motor Grader
12.5.1 Road Construction Projects Expected to Drive Demand for Motor Grader
Table 88 Electric Motor Grader Market, by Region, 2018-2025 (Units)
Table 89 Electric Motor Grader Market, by Region, 2018-2025 (USD Million)
12.6 Electric Loader
12.6.1 Demand for Skid and Compact Loaders Expected to Fuel this Segment
Table 90 Electric Loader Market, by Region, 2018-2025 (Units)
Table 91 Electric Loader Market, by Region, 2018-2025 (USD Million)

13 Construction Equipment Market, by Emission Regulation Stage
13.1 Introduction
13.1.1 Research Methodology
Figure 32 Off-Highway Equipment Emission Regulations, by Key Country, 2019-2030
Table 92 Construction Equipment Market, by Emission Regulation Stage, 2018-2025 (Units)
13.2 Stage Ii
Table 93 Stage I/Ii Emission Standards for Non-Road Diesel Engines
Table 94 Stage Ii Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025
13.3 Stage Iii
Table 95 Stage Iii A/B Emission Standards for Non-Road Diesel Engines
Table 96 Stage Iii Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.4 Stage Iii A/B
Table 97 Stage Iii A/B Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.5 Stage Iv
Table 98 Stage Iv Emission Standards for Non-Road Diesel Engines
Table 99 Stage Iv Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.6 Stage V
Table 100 Stage V Emission Standards for Non-Road Engines
Table 101 Stage V Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.7 Stage Vi
Table 102 Stage Vi Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.8 Tier 4
Table 103 Tier 4 Emission Standards for Non-Road Engines
Table 104 Tier 4 Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)
13.9 Tier 5
Table 105 Tier 5 Non-Road Construction Equipment Diesel Engines, by Region, 2018-2025 (Units)

14 Construction Equipment Rental Market, by Application
14.1 Introduction
14.1.1 Research Methodology
14.1.2 Assumptions/Limitations
14.1.3 Industry Insights
Figure 33 Construction Equipment Rental Market, by Application, 2020 & 2025 (USD Million)
Table 106 Construction Equipment Rental Market, by Application, 2018-2025 (USD Million)
14.2 Infrastructure
14.2.1 High Valued Infrastructure Projects Expected to Drive this Segment
Table 107 Infrastructure Construction Equipment Rental Market, by Region, 2018-2025 (USD Million)
14.3 Commercial
14.3.1 Commercial Developments to Drive the Demand for Construction Equipment Rental Services
Table 108 Commercial Construction Equipment Rental Market, by Region, 2018-2025 (USD Million)
14.4 Residential
14.4.1 Demand to Reduce Initial Investment in Construction of Residential Buildings Will Drive Rental Services
Table 109 Residential Construction Equipment Rental Market, by Region, 2018-2025 (USD Million)

15 Construction Equipment Market, by After treatment Device
15.1 Introduction
15.1.1 Research Methodology
15.1.2 Assumptions/Limitations
15.1.3 Industry Insights
Table 110 Aftertreatment Devices for Different Emission Regulation
Figure 34 Construction Equipment Market, by After treatment Device, 2020 & 2025 (USD Million)
Table 111 Construction Equipment Market, by After treatment Device, 2018-2025 (Units)
Table 112 Construction Equipment Market, by After treatment Device, 2018-2025 (USD Million)
15.2 Exhaust Gas Recirculation (EGR)
15.2.1 Countries with Stage Iii Emission Regulation to Drive this Segment
Table 113 Exhaust Gas Recirculation (EGR) Market, by Region, 2018-2025 (Units)
Table 114 Exhaust Gas Recirculation (EGR) Market, by Region, 2018-2025 (USD Million)
15.3 Diesel Oxidation Catalyst (Doc)
15.3.1 Regulated Economies with Tier 3 or Above Emission Standards to Drive this Segment
Table 115 Diesel Oxidation Catalyst (Doc) Market, by Region, 2018-2025 (Units)
Table 116 Diesel Oxidation Catalyst (Doc) Market, by Region, 2018-2025 (USD Million)
15.4 Diesel Particulate Filter (Dpf)
15.4.1 Stage Iv and Stage V Emission Norms to Drive the Demand for Dpf Filters
Table 117 Diesel Particulate Filter (Dpf) Market, by Region, 2018-2025 (Units)
Table 118 Diesel Particulate Filter (Dpf) Market, by Region, 2018-2025 (USD Million)
15.5 Selective Catalytic Reduction (SCR)
15.5.1 Reduction of Nox Emission Expected to Drive the Demand for Scr
Table 119 Selective Catalytic Reduction (SCR) Market, by Region, 2018-2025 (Units)
Table 120 Selective Catalytic Reduction (SCR) Market, by Region, 2018-2025 (USD Million)

16 Construction Equipment Market, by Region
16.1 Introduction
Figure 35 Construction Equipment Market in the Middle East is Projected to Grow at the Highest CAGR from 2020-2025
16.1.1 Research Methodology
16.1.2 Assumptions
16.1.3 Industry Insights
Figure 36 Construction Equipment Market, by Region, 2020 & 2025 (USD Million)
Table 121 Construction Equipment Market, by Region, 2018-2025 (Units)
Table 122 Construction Equipment Market, by Region, 2018-2025 (USD Million)
16.2 Asia
Figure 37 Asia Construction Equipment Market Snapshot
Table 123 Asia: Construction Equipment Market, by Country, 2018-2025 (Units)
Table 124 Asia: Construction Equipment Market, by Country, 2018-2025 (USD Million)
16.2.1 China
16.2.1.1 Heavy Investment Plans and Market Competitiveness to Drive the Market
Table 125 China: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 126 China: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.2.2 India
16.2.2.1 Infrastructure Sector to Bolster the Market
Table 127 India: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 128 India: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.2.3 Japan
16.2.3.1 Residential and Commercial Construction Activities Are Projected to Drive Market
Table 129 Japan: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 130 Japan: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.2.4 Indonesia
16.2.4.1 Housing and Transport Infrastructure Investment to Drive to the Market
Table 131 Indonesia: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 132 Indonesia: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.2.5 Rest of Asia
16.2.5.1 Infrastructure Investments and Housing Projects to Drive Market
Table 133 Rest of Asia: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 134 Rest of Asia: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.3 North America
Figure 38 North America Construction Equipment Market Snapshot
Table 135 North America: Construction Equipment Market, by Country, 2018-2025 (Units)
Table 136 North America: Construction Equipment Market, by Country, 2018-2025 (USD Million)
16.3.1 US
16.3.1.1 Strong Growth of Construction Sector Expected to Drive the Market
Table 137 Us: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 138 Us: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.3.2 Canada
16.3.2.1 Infrastructure Projects Are Projected to Drive Demand for Construction Equipment
Table 139 Canada: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 140 Canada: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.3.3 Mexico
16.3.3.1 Increased Construction Activities Expected to Drive Market
Table 141 Mexico: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 142 Mexico: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4 Europe
Figure 39 Europe Construction Equipment Market Snapshot
Table 143 Europe: Construction Equipment Market, by Country, 2018-2025 (Units)
Table 144 Europe: Construction Equipment Market, by Country, 2018-2025 (USD Million)
16.4.1 Germany
16.4.1.1 Increase Demand for Compact Construction Equipment to Drive Market in this Country
Table 145 Germany: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 146 Germany: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4.2 France
16.4.2.1 Rapid Developments in Metropolitan Areas Are Expected to Boost Demand
Table 147 France: Construction Equipment Market, by Equipment Type, 2018-2025, (Units)
Table 148 France: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4.3 UK
16.4.3.1 Residential Construction Projects to Drive Market
Table 149 Uk: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 150 Uk: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4.4 Spain
16.4.4.1 Growing Demand for Residential Buildings Propel the Market in Spain
Table 151 Spain: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 152 Spain: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4.5 Italy
16.4.5.1 Maintenance and Renovation Segment to Drive the Market
Table 153 Italy: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 154 Italy: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.4.6 Rest of Europe
16.4.6.1 the Growth of Construction Sector Expected to Drive the Demand
Table 155 Rest of Europe: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 156 Rest of Europe: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.5 Middle East
Figure 40 Middle East Construction Equipment Market, by Country, 2020 & 2025 (USD Million)
Table 157 Middle East Construction Equipment Market, by Country, 2018-2025 (Units)
Table 158 Middle East: Construction Equipment Market, by Country, 2018-2025 (USD Million)
16.5.1 Qatar
16.5.1.1 Foreign Direct Investments in the Construction Sector to Drive the Market
Table 159 Qatar: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 160 Qatar: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.5.2 Saudi Arabia
16.5.2.1 Vision 2030 Plan to Drive Demand for Construction Equipment
Table 161 Saudi Arabia: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 162 Saudi Arabia: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.5.3 Uae
16.5.3.1 Mega Projects Are Expected to Drive Market
Table 163 Uae: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 164 Uae: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.5.4 Rest of Middle East
16.5.4.1 Public-Private Partnerships for Construction Projects to Drive the Market
Table 165 Rest of Middle East: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 166 Rest of Middle East Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.6 Rest of the World (Row)
Figure 41 Row: Construction Equipment Market, by Country, 2020-2025 (USD Million)
Table 167 Row: Construction Equipment Market, by Country, 2018-2025 (Units)
Table 168 Row: Construction Equipment Market, by Country, 2018-2025 (USD Million)
16.6.1 Brazil
16.6.1.1 Increased Hotel Construction Projects to Drive the Market in Brazil
Table 169 Brazil: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 170 Brazil Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.6.2 Russia
16.6.2.1 Growing Construction Projects Expected to Drive Market
Table 171 Russia: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 172 Russia: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.6.3 South Africa
16.6.3.1 Residential and Non-Residential Construction Activities to Drive Market
Table 173 South Africa: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 174 South Africa: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)
16.6.4 Others
16.6.4.1 Infrastructure Projects to Drive the Demand
Table 175 Others: Construction Equipment Market, by Equipment Type, 2018-2025 (Units)
Table 176 Others: Construction Equipment Market, by Equipment Type, 2018-2025 (USD Million)

17 Recommendations
17.1 Asia is the Potential Market for Construction Equipment Manufacturers
17.2 Rental Construction Equipment Along with Telematics Will Propel Its Growth
17.3 Electric Construction Equipment to Create New Opportunities
17.4 Conclusion

18 Competitive Landscape
18.1 Key Player Strategies/Right to Win
Figure 42 New Product Development is the Leading Strategy Adopted by Construction Equipment Oems
18.2 Market Share Analysis
Figure 43 Construction Equipment Market Share, Key Players, 2019
18.3 Company Evaluation Matrix - Construction Equipment Players
18.3.1 Terminology
18.3.2 Stars
18.3.3 Emerging Leaders
18.3.4 Pervasive Players
18.3.5 Participants
Figure 44 Construction Equipment Market: Company Evaluation Matrix (2019)
18.4 Strength of Product Portfolio
Figure 45 Product Portfolio Analysis of Top Players in the Construction Equipment Market
18.5 Business Strategy Excellence
Figure 46 Business Strategy Excellence of Top Players in the Construction Equipment Market

19 Company Profiles
Business Overview, Products Offered, Recent Developments & Analyst's View
19.1 Caterpillar Inc.
Figure 47 Caterpillar Inc.: Company Snapshot
Table 177 Caterpillar Inc.: Organic Developments
Table 178 Caterpillar Inc.: Inorganic Developments
19.2 Komatsu Ltd
Figure 48 Komatsu Ltd.: Company Snapshot
Table 179 Komatsu Ltd.: Organic Developments
Table 180 Komatsu Ltd.: Inorganic Developments
19.3 Deere & Company
Figure 49 Deere & Company: Company Snapshot
Table 181 Deere & Company: Organic Developments
Table 182 Deere & Company: Inorganic Developments
19.4 Hitachi Construction Machinery Co. Ltd.
Figure 50 Hitachi Construction Machinery Co. Ltd.: Company Snapshot
Table 183 Hitachi Construction Machinery Co. Ltd.: Organic Developments
Table 184 Hitachi Construction Machinery Co. Ltd.: Inorganic Developments
19.5 Volvo Group
Figure 51 Volvo Group: Company Snapshot
Table 185 Volvo Group: Organic Developments
Table 186 Volvo Group: Inorganic Developments
19.6 Cnh Industrial
Figure 52 Cnh Industrial: Company Snapshot
Table 187 Cnh Industrial: Organic Developments
Table 188 Cnh Industrial: Inorganic Developments
19.7 Liebherr
Figure 53 Liebherr: Company Snapshot
Table 189 Liebherr: Organic Developments
Table 190 Liebherr: Inorganic Developments
19.8 Xcmg
Table 191 Xcmg: Organic Developments
Table 192 Xcmg: Inorganic Developments
19.9 Sany Heavy Industry Co. Ltd
Table 193 Sany Heavy Industry Co. Ltd: Organic Developments
Table 194 Sany Heavy Industry Co. Ltd: Organic Developments
19.10 Doosan Heavy Industries & Construction Co. Ltd.
Figure 54 Doosan Heavy Industries & Construction Co. Ltd.: Company Snapshot
Table 195 Doosan Heavy Industries & Construction Co. Ltd.: Inorganic Developments
19.11 JCB
Table 196 JCB: Organic Developments
19.12 Terex Corporation
Figure 55 Terex Corporation: Company Snapshot
Table 197 Terex Corporation: Organic Developments
19.13 Zoomlion Heavy Industry Science & Technology Co. Ltd.
Figure 56 Zoomlion Heavy Industry Science & Technology Co. Ltd.: Company Snapshot
Table 198 Zoomlion Heavy Industry Science & Technology Co. Ltd.: Organic Developments
Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
19.14 Additional Cps
19.14.1 Europe
19.14.1.1 Atlas Copco Ab
19.14.1.2 Sandvik Group
19.14.1.3 Wirtgen Group
19.14.1.4 Ammann
19.14.2 US
19.14.2.1 Manitowoc
19.14.2.2 Astec Industries
19.14.3 Asia
19.14.3.1 Guangxi Liugong Machinery Co. Ltd.
19.14.3.2 Hyundai Heavy Industries
19.14.3.3 Kobe Steel Ltd.
19.14.3.4 Sumitomo Heavy Industries

20 Appendix
20.1 Currency & Pricing
Table 199 Currency Exchange Rates (Wrt Per USD)
20.2 Key Insights of Industry Experts
20.3 Discussion Guide
20.4 Knowledge Store: Subscription Portal
20.5 Available Customizations
20.5.1 Construction Equipment Market, by Equipment Category & Country
20.5.1.1 Earthmoving Equipment
20.5.1.2 Material Handling Equipment
20.5.1.3 Heavy Construction Vehicles
20.5.1.4 Others
20.6 Related Reports
20.7 Author Details

Note: Product cover images may vary from those shown

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  • Ammann
  • Astec Industries
  • Atlas Copco Ab
  • Caterpillar Inc.
  • Cnh Industrial
  • Deere & Company
  • Doosan Heavy Industries & Construction Co. Ltd.
  • Guangxi Liugong Machinery Co. Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • Hyundai Heavy Industries
  • JCB
  • Kobe Steel Ltd.
  • Komatsu Ltd
  • Liebherr
  • Manitowoc
  • Sandvik Group
  • Sany Heavy Industry Co. Ltd
  • Sumitomo Heavy Industries
  • Terex Corporation
  • Volvo Group
  • Wirtgen Group
  • Xcmg
  • Zoomlion Heavy Industry Science & Technology Co. Ltd.
Note: Product cover images may vary from those shown

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