North America Heavy-Duty Construction Equipment Market 2021-2027

North America Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report by Machinery Type (Earth Moving Equipment (Cranes, Loader & Backhoe, Telescopic Handlers, Excavators, and Others), Material Handling Equipment (Hoists, Conveyors, Forklifts, and Others), and Other Construction Equipment (Concrete Mixers, Road Rollers, Stone Crushers, Dumpers, Tippers & Trailers, and Others), By Applications (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027.

The North America heavy-duty construction equipment market is projected to grow at a modest CAGR of 7.0% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rapid growth in construction along with the growth in the manufacturing, mining, oil & gas industries across the region. Major infrastructure projects such as Gordie Howe International Bridge Canada, Purple Line Maryland, I-4 Ultimate Florida, Central 70 Colorado, SH 99 Grand Parkway Segments F1, F2, G Texas among many others. Further, there has also been an increase in airport development activities, which is further likely to enhance the demand for heavy-duty construction equipment in the North American region. 

The North America heavy-duty construction equipment market is segmented on the basis of machinery type, application, and industry. Based on the machinery type, the market is segmented as earth moving equipment, material handling equipment, and other construction equipment. The earth moving equipment segment includes cranes, loader & backhoe, telescopic handlers, excavators, and others. The material handling equipment segment includes hoists, conveyors, forklifts, and others. The other construction equipment includes concrete mixers, road rollers, stone crushers, dumpers, tippers & trailers, and others. The material handling equipment segment is estimated to hold a lucrative share in the market. 

Based on the applications, the market is segmented as excavation & demolition, heavy lifting, handling, transportation, recycling & waste management, and others. The heavy lifting and transportation segment are likely to hold a significant market share. Based on the industry, the market is segmented as construction & infrastructure, manufacturing, mining, and others (oil & gas). The construction & infrastructure segment is estimated to hold a lucrative share in the market. Based on geography, the market is segmented into the US and Canada. The US is likely to hold a substantial share in the North America market over the forecast period. 

Further, Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others are some of the prominent players functioning in North America heavy-duty construction equipment market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the North America heavy-duty construction equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North America Heavy-Duty Construction Equipment Market Research and Analysis by Machinery Type
2. North America Heavy-Duty Construction Equipment Market Research and Analysis by Application
3. North America Heavy-Duty Construction Equipment Market Research and Analysis by Industry

The Report Covers

• Comprehensive Research Methodology of the North America heavy-duty construction equipment market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America Heavy-Duty Construction Equipment market.
• Insights about market determinants which are stimulating the North America heavy-duty construction equipment market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.