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Asia Pacific Construction Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Equipment Type and Application

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    Report

  • 135 Pages
  • September 2022
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5668403
UP TO OFF until Mar 31st 2024
The construction equipment market in Asia Pacific is expected to grow from US$45,566.78 million in 2022 to US$85,836.45 million by 2028. It is estimated to grow at a CAGR of 11.1% from 2022 to 2028.

Electrification is shaping the construction equipment industry, which presents substantial opportunities and design options. Electrification has risen in most market categories, including construction equipment for automobiles, buses, and other vehicles.

The maturation and affordability of modern technologies and the tightening of pollution restrictions offer feasibility to electrification, which has altered the future of the construction equipment business. Several cities across the region have issued prohibitions on the use of diesel within city borders, affecting construction equipment operations in certain areas. Strong pollution standards for heavy machinery and equipment use are being imposed in China. With the usage of electric construction equipment, these rules related to emission and noise pollution criteria can be easily fulfilled. The TA15 is the culmination of years of work on prior concept models. The machine is now a part of the TARA autonomous transportation solution consisting of several components, such as base vehicles (multiple TA15s), and required infrastructures, such as a charging station and control tower connected to cloud solutions tailored to customer operation requirements, maintenance, and repair support, and the set-up of the practical operation, which varies from site to site. The TA15 is designed to deliver material in repeating flows in off-road locations, such as quarries. The number of machines and charging stations required will largely be determined by the desired production/transport volumes and the haul cycle. The continuous advancements in electric variants of existing/new products provide lucrative opportunities for the construction equipment market growth during the forecasted period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific construction equipment market at a substantial CAGR during the forecast period.

Asia Pacific Construction Equipment Market Segmentation

The Asia Pacific construction equipment market is segmented by equipment type, application, and country.
  • Based on equipment type, the market is segmented into heavy construction vehicles, earthmoving equipment, material-handling equipment, and others. In 2022, the material-handling equipment segment held a larger market share and is expected to register a higher CAGR during the forecast period.
  • Based on application, the market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.
  • Based on country, the regional market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2022, China held a larger market share. It is also expected to register a higher CAGR during the forecast period.
Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are among the leading companies in the Asia Pacific construction equipment market.
Frequently Asked Questions about the Asian Pacific Construction Equipment Market

What is the estimated value of the Asian Pacific Construction Equipment Market?

The Asian Pacific Construction Equipment Market was estimated to be valued at $45566.78 Million in 2022.

What is the growth rate of the Asian Pacific Construction Equipment Market?

The growth rate of the Asian Pacific Construction Equipment Market is 11.1%, with an estimated value of $85836.45 Million by 2028.

What is the forecasted size of the Asian Pacific Construction Equipment Market?

The Asian Pacific Construction Equipment Market is estimated to be worth $85836.45 Million by 2028.

Who are the key companies in the Asian Pacific Construction Equipment Market?

Key companies in the Asian Pacific Construction Equipment Market include Caterpillar Inc., CNH Industrial N.V., Komatsu Ltd., Liebherr, Terex Corporation, Zoomlion Heavy Industry Science&Technology Co., Ltd., J C Bamford Excavators Ltd. (JCB), Deere & Company, AB Volvo and Hitachi Construction Machinery Co., Ltd..

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Construction Equipment Market - By Equipment Type
1.3.2 Asia Pacific Construction Equipment Market - By Application
1.3.3 Asia Pacific Construction Equipment Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Construction Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Construction Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Infrastructure Investments Post COVID-19 Pandemic
5.1.2 Raising Focus on Public-Private Partnerships (PPP)
5.2 Market Restraints
5.2.1 Diminishing Deal Value of Construction Equipment Projects
5.3 Market Opportunities
5.3.1 Widening Technological Innovations in Construction Equipment
5.4 Future Trends
5.4.1 Broadening Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Construction Equipment Market Analysis
6.1 Asia Pacific Construction Equipment Market Overview
6.2 Asia Pacific Construction Equipment Market Forecast and Analysis
7. Asia Pacific Construction Equipment Market - By Type
7.1 Overview
7.2 Asia Pacific Construction Equipment Market, By Equipment Type (2021 and 2028)
7.3 Heavy Construction Vehicles
7.3.1 Overview
7.3.2 Heavy Construction Vehicles: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Earthmoving Equipment
7.4.1 Overview
7.4.2 Earthmoving Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Material-Handling Equipment
7.5.1 Overview
7.5.2 Material-Handling Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Construction Equipment Market - By Application
8.1 Overview
8.2 Asia Pacific Construction Equipment Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Construction Equipment Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Construction Equipment Market, by Key Country
9.1.1.1 Australia: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Construction Equipment Market, By Equipment Type
9.1.1.1.2 Australia: Construction Equipment Market, By Application
9.1.1.2 China: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Construction Equipment Market, By Equipment Type
9.1.1.2.2 China: Construction Equipment Market, By Application
9.1.1.3 India: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Construction Equipment Market, By Equipment Type
9.1.1.3.2 India: Construction Equipment Market, By Application
9.1.1.4 Japan: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Construction Equipment Market, By Equipment Type
9.1.1.4.2 Japan: Construction Equipment Market, By Application
9.1.1.5 South Korea: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Construction Equipment Market, By Equipment Type
9.1.1.5.2 South Korea: Construction Equipment Market, By Application
9.1.1.6 Rest of APAC: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Construction Equipment Market, By Equipment Type
9.1.1.6.2 Rest of APAC: Construction Equipment Market, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Caterpillar Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CNH Industrial N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Komatsu Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Liebherr
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Terex Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Zoomlion Heavy Industry Science&Technology Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 J C Bamford Excavators Ltd. (JCB)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Deere & Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 AB Volvo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Hitachi Construction Machinery Co., Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Caterpillar Inc.
  • CNH Industrial N.V.
  • Komatsu Ltd.
  • Liebherr
  • Terex Corporation
  • Zoomlion Heavy Industry Science&Technology Co., Ltd.
  • J C Bamford Excavators Ltd. (JCB)
  • Deere & Company
  • AB Volvo
  • Hitachi Construction Machinery Co., Ltd.