Global Construction Equipment Market Size, Trends & Growth Opportunity, By EquipmentType, By Drive Type By Region and Forecast till 2027.

The global Construction Equipment market was valued at USD 208.3 billion in 2020 which expected to reach USD 250.4 Billion by 2027 at a CAGR 3.8% from 2020-2027.



. Construction equipment is specially designed machinery that is used to carry out construction tasks. These machines are used for a variety of tasks such as drilling, hauling, excavating, paving, and grading. The global construction equipment market spans multiple industries, including construction and infrastructure, manufacturing, and oil and gas.

Market Drivers

Increased infrastructure investments in the aftermath of the COVID-19 pandemic
Construction is one of the industries that has been severely impacted by the COVID-19 pandemic. Global sales of construction equipment have declined. Infrastructure investments, residential, commercial, and industrial construction, mine and well construction, and institutional spending are all factors influencing construction equipment manufacturers.

Market Restraints

Projects involving construction equipment have a lower deal value.

The COVID-19 pandemic has had a significant impact on the construction and infrastructure sectors, posing a wide range of challenges that are expected to impede ongoing projects and reduce new infrastructure investments globally. Uncertainty of recovery from the pandemic has hampered the confidence of investors, thereby affecting the sales of construction equipment.

COVID-19 Impact on the Construction Equipment Market

The pandemic of COVID-19 had a significant impact on the construction equipment market. Because of the pandemic, almost all countries went into lockdown, and construction work was halted. The majority of construction projects were cancelled or delayed. The pandemic affected the construction industry, as well as other industries, and the supply chain was severely impacted. However, with the resumption of construction activities in the second half of the year, the industry began to show signs of improvement in many geographies around the world.

Market Segmentation

The Global Construction Equipment Market is segmented into Product. By EquipmentType such as Cranes, Telescopic Handler, Excavator, Loader and Backhoe, Motor Grader, Other. By Drive Type such as Hydraulic, Electric and Hybrid

Regional Analysis

Global Construction Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Construction Equipment market. The Asia-Pacific region leads the construction equipment market, with China, India, and Japan accounting for a sizable market share. The progress of China's South-North water transfer plant project, which is expected to be completed by 2050, will deploy various construction machinery either through leasing or ownership, increasing demand for construction machinery over the next three decades.

The increasing number of dam constructions, real-estate business, commercial and residential complexes, and the expansion of rail and road infrastructure in the APAC region are a few of the market drivers for construction machinery.

Key Players

Various key players are listed in this report such as AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co. Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG).

Market Taxonomy

By EquipmentType

• Cranes
• Telescopic Handler
• Excavator
• Loader and Backhoe
• Motor Grader
• Other

By Drive Type

• Hydraulic
• Electric and Hybrid

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Construction Equipment Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?