The global pre-owned construction equipment market was valued at $165,162.2 million in 2021, and is projected to reach $484,310.7 million by 2031, registering a CAGR of 11.2% from 2022 to 2031. Pre-owned construction equipment refers to used heavy-duty vehicles designed for executing construction tasks, most frequently involving earthwork operations.
Expansion of the pre-owned construction equipment industry is fueled by increase in building and mining operations in emerging economies of Latin America and Africa. The government of the U.S. has invested heavily in development of highways, railway tracks, airports, and other infrastructure, necessitating the use of excavators, loaders, and other heavy equipment. For instance, the U.S. president Trump announced a $2 trillion infrastructure plan in March 2021, which covers roads, telecommunications, electric grid, and residential & commercial buildings. These elements create immense opportunities for the market. In addition, extra expenses paid for equipment maintenance, excessive operational costs, and expensive pay of trained operators may be avoided by using pre-owned equipment for appropriate period, which adds considerably to the global market growth. Furthermore, significant initial expenditure required for purchasing equipment, as well as financial restraints, may be avoided by using pre-owned equipment, which drives the market growth.
However, lack of trained labor in the global market is a significant restraining factor of growth. Another issue that hinders the market expansion is the saturation of construction and mining industries in industrialized nations.
On the contrary, IoT integration aids in alleviation of skilled labor shortages and provides improved operator and end-user safety. Thus, these aspects are expected to provide lucrative opportunities for the market growth.
The pre-owned construction equipment market is segmented into product, application, end user industry, and region. By product, the market is categorized into earthmoving & roadbuilding equipment, material handling & cranes, concrete equipment and others. On the basis of application, the market is fragmented into excavation, earthmoving, transportation and others. The end user industry segment is fragmented into construction, mining, oil & gas, defense and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic forced many companies in the global pre-owned construction equipment market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacted revenue flow of the global pre-owned construction equipment market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months have affected the global pre-owned construction equipment market, and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the pre-owned construction equipment market report include, AB Volvo (Volvo CE Used Equipment), AIS Construction Equipment Service Corporation, Caterpillar, Inc., CEUK T/A Construction Equipment UK, Equippo AG, Hitachi, Ltd. (Hitachi Construction Machinery), Hooray Machinery Co.,Ltd, Kobe Steel, Ltd. (Kobelco Construction Machinery Co., Ltd.), Komatsu (Komatsu Used Equipment Corp.), Machine Hub Asia, Machinery Auctioneers, Ritchie Bros. Auctioneers Incorporated, RÜKO GmbH, Sandhills Global, Inc., Shriram Automall India Limited, Terex Corporation and Truck1.
Expansion of the pre-owned construction equipment industry is fueled by increase in building and mining operations in emerging economies of Latin America and Africa. The government of the U.S. has invested heavily in development of highways, railway tracks, airports, and other infrastructure, necessitating the use of excavators, loaders, and other heavy equipment. For instance, the U.S. president Trump announced a $2 trillion infrastructure plan in March 2021, which covers roads, telecommunications, electric grid, and residential & commercial buildings. These elements create immense opportunities for the market. In addition, extra expenses paid for equipment maintenance, excessive operational costs, and expensive pay of trained operators may be avoided by using pre-owned equipment for appropriate period, which adds considerably to the global market growth. Furthermore, significant initial expenditure required for purchasing equipment, as well as financial restraints, may be avoided by using pre-owned equipment, which drives the market growth.
However, lack of trained labor in the global market is a significant restraining factor of growth. Another issue that hinders the market expansion is the saturation of construction and mining industries in industrialized nations.
On the contrary, IoT integration aids in alleviation of skilled labor shortages and provides improved operator and end-user safety. Thus, these aspects are expected to provide lucrative opportunities for the market growth.
The pre-owned construction equipment market is segmented into product, application, end user industry, and region. By product, the market is categorized into earthmoving & roadbuilding equipment, material handling & cranes, concrete equipment and others. On the basis of application, the market is fragmented into excavation, earthmoving, transportation and others. The end user industry segment is fragmented into construction, mining, oil & gas, defense and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 pandemic forced many companies in the global pre-owned construction equipment market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacted revenue flow of the global pre-owned construction equipment market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months have affected the global pre-owned construction equipment market, and the market is anticipated to witness a slow recovery during the forecast period.
The key players profiled in the pre-owned construction equipment market report include, AB Volvo (Volvo CE Used Equipment), AIS Construction Equipment Service Corporation, Caterpillar, Inc., CEUK T/A Construction Equipment UK, Equippo AG, Hitachi, Ltd. (Hitachi Construction Machinery), Hooray Machinery Co.,Ltd, Kobe Steel, Ltd. (Kobelco Construction Machinery Co., Ltd.), Komatsu (Komatsu Used Equipment Corp.), Machine Hub Asia, Machinery Auctioneers, Ritchie Bros. Auctioneers Incorporated, RÜKO GmbH, Sandhills Global, Inc., Shriram Automall India Limited, Terex Corporation and Truck1.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pre-owned construction equipment market analysis from 2021 to 2031 to identify the prevailing pre-owned construction equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pre-owned construction equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pre-owned construction equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Earthmoving and Roadbuilding Equipment
- Material Handling and Cranes
- Concrete Equipment
- Others
By Application
- Excavation
- Earthmoving
- Transportation
- Others
By End User Industry
- Construction
- Mining
- Oil and Gas
- Defence
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- AIS Construction Equipment Service Corporation
- Caterpillar, Inc.
- CEUK T/A Construction Equipment UK
- Equippo AG
- Hitachi, Ltd. (Hitachi Construction Machinery)
- Hooray Machinery Co.,Ltd
- Infra Bazaar
- Kobelco Construction Machinery Co., Ltd.
- Komatsu Used Equipment Corp.
- Machine Hub Asia
- Machinery Auctioneers
- RÜKO GmbH
- Sandhills Global
- Shriram Automall India Limited
- Terex Corporation
- Truck1
- Volve CE Used Equipment
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary 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 investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: PRE-OWNED CONSTRUCTION EQUIPMENT MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Earthmoving and Roadbuilding Equipment
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Material Handling and Cranes
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Concrete Equipment
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
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
4.5.3 Market analysis by country
CHAPTER 5: PRE-OWNED CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Excavation
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 Earthmoving
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 Transportation
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: PRE-OWNED CONSTRUCTION EQUIPMENT MARKET, BY END USER INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Construction
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Mining
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 Oil and Gas
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Defence
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: PRE-OWNED CONSTRUCTION EQUIPMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User Industry
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 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 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End User Industry
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End User Industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe 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 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End User Industry
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End User Industry
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 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 Market size and forecast, by Product
7.3.5.4.2 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 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End User Industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User Industry
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End User Industry
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End User Industry
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End User Industry
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End User Industry
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End User Industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User Industry
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End User Industry
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End User Industry
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End User Industry
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AIS Construction Equipment Service Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Caterpillar, Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 CEUK T/A Construction Equipment UK
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Equippo AG
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Hitachi, Ltd. (Hitachi Construction Machinery)
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Hooray Machinery Co.,Ltd
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Infra Bazaar
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Kobelco Construction Machinery Co., Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Komatsu Used Equipment Corp.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Machine Hub Asia
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Machinery Auctioneers
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 RÜKO GmbH
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Sandhills Global
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Shriram Automall India Limited
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Terex Corporation
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Truck1
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Volve CE Used Equipment
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 2. Pre-Owned Construction Equipment Market, for Earthmoving and Roadbuilding Equipment, by Region, 2021-2031 ($Million)
Table 3. Pre-Owned Construction Equipment Market for Earthmoving and Roadbuilding Equipment, by Country, 2021-2031 ($Million)
Table 4. Pre-Owned Construction Equipment Market, for Material Handling and Cranes, by Region, 2021-2031 ($Million)
Table 5. Pre-Owned Construction Equipment Market for Material Handling and Cranes, by Country, 2021-2031 ($Million)
Table 6. Pre-Owned Construction Equipment Market, for Concrete Equipment, by Region, 2021-2031 ($Million)
Table 7. Pre-Owned Construction Equipment Market for Concrete Equipment, by Country, 2021-2031 ($Million)
Table 8. Pre-Owned Construction Equipment Market, for Others, by Region, 2021-2031 ($Million)
Table 9. Pre-Owned Construction Equipment Market for Others, by Country, 2021-2031 ($Million)
Table 10. Global Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 11. Pre-Owned Construction Equipment Market, for Excavation, by Region, 2021-2031 ($Million)
Table 12. Pre-Owned Construction Equipment Market for Excavation, by Country, 2021-2031 ($Million)
Table 13. Pre-Owned Construction Equipment Market, for Earthmoving, by Region, 2021-2031 ($Million)
Table 14. Pre-Owned Construction Equipment Market for Earthmoving, by Country, 2021-2031 ($Million)
Table 15. Pre-Owned Construction Equipment Market, for Transportation, by Region, 2021-2031 ($Million)
Table 16. Pre-Owned Construction Equipment Market for Transportation, by Country, 2021-2031 ($Million)
Table 17. Pre-Owned Construction Equipment Market, for Others, by Region, 2021-2031 ($Million)
Table 18. Pre-Owned Construction Equipment Market for Others, by Country, 2021-2031 ($Million)
Table 19. Global Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 20. Pre-Owned Construction Equipment Market, for Construction, by Region, 2021-2031 ($Million)
Table 21. Pre-Owned Construction Equipment Market for Construction, by Country, 2021-2031 ($Million)
Table 22. Pre-Owned Construction Equipment Market, for Mining, by Region, 2021-2031 ($Million)
Table 23. Pre-Owned Construction Equipment Market for Mining, by Country, 2021-2031 ($Million)
Table 24. Pre-Owned Construction Equipment Market, for Oil and Gas, by Region, 2021-2031 ($Million)
Table 25. Pre-Owned Construction Equipment Market for Oil and Gas, by Country, 2021-2031 ($Million)
Table 26. Pre-Owned Construction Equipment Market, for Defence, by Region, 2021-2031 ($Million)
Table 27. Pre-Owned Construction Equipment Market for Defence, by Country, 2021-2031 ($Million)
Table 28. Pre-Owned Construction Equipment Market, for Others, by Region, 2021-2031 ($Million)
Table 29. Pre-Owned Construction Equipment Market for Others, by Country, 2021-2031 ($Million)
Table 30. Pre-Owned Construction Equipment Market, by Region, 2021-2031 ($Million)
Table 31. North America Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 32. North America Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 33. North America Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 34. North America Pre-Owned Construction Equipment Market, by Country, 2021-2031 ($Million)
Table 35. U.S. Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 36. U.S. Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 37. U.S. Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 38. Canada Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 39. Canada Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 40. Canada Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 41. Mexico Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 42. Mexico Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 43. Mexico Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 44. Europe Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 45. Europe Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 46. Europe Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 47. Europe Pre-Owned Construction Equipment Market, by Country, 2021-2031 ($Million)
Table 48. Germany Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 49. Germany Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 50. Germany Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 51. UK Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 52. UK Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 53. UK Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 54. France Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 55. France Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 56. France Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 57. Italy Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 58. Italy Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 59. Italy Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 60. Rest of Europe Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 61. Rest of Europe Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 62. Rest of Europe Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 63. Asia-Pacific Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 64. Asia-Pacific Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 65. Asia-Pacific Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 66. Asia-Pacific Pre-Owned Construction Equipment Market, by Country, 2021-2031 ($Million)
Table 67. China Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 68. China Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 69. China Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 70. Japan Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 71. Japan Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 72. Japan Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 73. South Korea Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 74. South Korea Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 75. South Korea Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 76. India Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 77. India Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 78. India Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 79. Rest of Asia-Pacific Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 80. Rest of Asia-Pacific Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 81. Rest of Asia-Pacific Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 82. LAMEA Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 83. LAMEA Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 84. LAMEA Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 85. LAMEA Pre-Owned Construction Equipment Market, by Country, 2021-2031 ($Million)
Table 86. Latin America Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 87. Latin America Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 88. Latin America Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 89. Middle East Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 90. Middle East Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 91. Middle East Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 92. Africa Pre-Owned Construction Equipment Market, by Product, 2021-2031 ($Million)
Table 93. Africa Pre-Owned Construction Equipment Market, by Application, 2021-2031 ($Million)
Table 94. Africa Pre-Owned Construction Equipment Market, by End-user Industry, 2021-2031 ($Million)
Table 95. Ais Construction Equipment Service Corporation: Company Snapshot
Table 96. Ais Construction Equipment Service Corporation: Operating Segments
Table 97. Ais Construction Equipment Service Corporation: Product Portfolio
Table 98. Ais Construction Equipment Service Corporation: Net Sales,
Table 99. Ais Construction Equipment Service Corporation: Key Strategies
Table 100. Caterpillar, Inc.: Company Snapshot
Table 101. Caterpillar, Inc.: Operating Segments
Table 102. Caterpillar, Inc.: Product Portfolio
Table 103. Caterpillar, Inc.: Net Sales,
Table 104. Caterpillar, Inc.: Key Strategies
Table 105. Ceuk T/A Construction Equipment UK: Company Snapshot
Table 106. Ceuk T/A Construction Equipment UK: Operating Segments
Table 107. Ceuk T/A Construction Equipment UK: Product Portfolio
Table 108. Ceuk T/A Construction Equipment UK: Net Sales,
Table 109. Ceuk T/A Construction Equipment UK: Key Strategies
Table 110. Equippo Ag: Company Snapshot
Table 111. Equippo Ag: Operating Segments
Table 112. Equippo Ag: Product Portfolio
Table 113. Equippo Ag: Net Sales,
Table 114. Equippo Ag: Key Strategies
Table 115. Hitachi, Ltd. (Hitachi Construction Machinery): Company Snapshot
Table 116. Hitachi, Ltd. (Hitachi Construction Machinery): Operating Segments
Table 117. Hitachi, Ltd. (Hitachi Construction Machinery): Product Portfolio
Table 118. Hitachi, Ltd. (Hitachi Construction Machinery): Net Sales,
Table 119. Hitachi, Ltd. (Hitachi Construction Machinery): Key Strategies
Table 120. Hooray Machinery Co.,Ltd: Company Snapshot
Table 121. Hooray Machinery Co.,Ltd: Operating Segments
Table 122. Hooray Machinery Co.,Ltd: Product Portfolio
Table 123. Hooray Machinery Co.,Ltd: Net Sales,
Table 124. Hooray Machinery Co.,Ltd: Key Strategies
Table 125. Infra Bazaar: Company Snapshot
Table 126. Infra Bazaar: Operating Segments
Table 127. Infra Bazaar: Product Portfolio
Table 128. Infra Bazaar: Net Sales,
Table 129. Infra Bazaar: Key Strategies
Table 130. Kobelco Construction Machinery Co., Ltd.: Company Snapshot
Table 131. Kobelco Construction Machinery Co., Ltd.: Operating Segments
Table 132. Kobelco Construction Machinery Co., Ltd.: Product Portfolio
Table 133. Kobelco Construction Machinery Co., Ltd.: Net Sales,
Table 134. Kobelco Construction Machinery Co., Ltd.: Key Strategies
Table 135. Komatsu Used Equipment Corp.: Company Snapshot
Table 136. Komatsu Used Equipment Corp.: Operating Segments
Table 137. Komatsu Used Equipment Corp.: Product Portfolio
Table 138. Komatsu Used Equipment Corp.: Net Sales,
Table 139. Komatsu Used Equipment Corp.: Key Strategies
Table 140. Machine Hub Asia: Company Snapshot
Table 141. Machine Hub Asia: Operating Segments
Table 142. Machine Hub Asia: Product Portfolio
Table 143. Machine Hub Asia: Net Sales,
Table 144. Machine Hub Asia: Key Strategies
Table 145. Machinery Auctioneers: Company Snapshot
Table 146. Machinery Auctioneers: Operating Segments
Table 147. Machinery Auctioneers: Product Portfolio
Table 148. Machinery Auctioneers: Net Sales,
Table 149. Machinery Auctioneers: Key Strategies
Table 150. Rüko GmbH: Company Snapshot
Table 151. Rüko GmbH: Operating Segments
Table 152. Rüko GmbH: Product Portfolio
Table 153. Rüko GmbH: Net Sales,
Table 154. Rüko GmbH: Key Strategies
Table 155. Sandhills Global: Company Snapshot
Table 156. Sandhills Global: Operating Segments
Table 157. Sandhills Global: Product Portfolio
Table 158. Sandhills Global: Net Sales,
Table 159. Sandhills Global: Key Strategies
Table 160. Shriram Automall India Limited: Company Snapshot
Table 161. Shriram Automall India Limited: Operating Segments
Table 162. Shriram Automall India Limited: Product Portfolio
Table 163. Shriram Automall India Limited: Net Sales,
Table 164. Shriram Automall India Limited: Key Strategies
Table 165. Terex Corporation: Company Snapshot
Table 166. Terex Corporation: Operating Segments
Table 167. Terex Corporation: Product Portfolio
Table 168. Terex Corporation: Net Sales,
Table 169. Terex Corporation: Key Strategies
Table 170. Truck1: Company Snapshot
Table 171. Truck1: Operating Segments
Table 172. Truck1: Product Portfolio
Table 173. Truck1: Net Sales,
Table 174. Truck1: Key Strategies
Table 175. Volve Ce Used Equipment: Company Snapshot
Table 176. Volve Ce Used Equipment: Operating Segments
Table 177. Volve Ce Used Equipment: Product Portfolio
Table 178. Volve Ce Used Equipment: Net Sales,
Table 179. Volve Ce Used Equipment: Key Strategies
List of Figures
Figure 1. Pre-Owned Construction Equipment Market Segmentation
Figure 2. Pre-Owned Construction Equipment Market, 2021-2031
Figure 3. Pre-Owned Construction Equipment Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Pre-Owned Construction Equipment Mark.:Drivers, Restraints and Opportunities
Figure 12. Pre-Owned Construction Equipment Market, By Product, 2021(%)
Figure 13. Comparative Share Analysis of Earthmoving and Roadbuilding Equipment Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Material Handling and Cranes Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Concrete Equipment Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Others Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 17. Pre-Owned Construction Equipment Market, By Application, 2021(%)
Figure 18. Comparative Share Analysis of Excavation Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Earthmoving Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Transportation Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Others Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 22. Pre-Owned Construction Equipment Market, By End-user Industry, 2021(%)
Figure 23. Comparative Share Analysis of Construction Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Mining Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Oil and Gas Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Defence Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 27. Comparative Share Analysis of Others Pre-Owned Construction Equipment Market, 2021-2031(%)
Figure 28. Pre-Owned Construction Equipment Market by Region, 2021
Figure 29. U.S. Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 30. Canada Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 31. Mexico Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 32. Germany Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 33. Uk Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 34. France Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 35. Italy Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 36. Rest of Europe Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 37. China Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 38. Japan Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 39. South Korea Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 40. India Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 42. Latin America Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 43. Middle East Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 44. Africa Pre-Owned Construction Equipment Market, 2021-2031($Million)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Ais Construction Equipment Service Corporatio.: Net Sales, ($Million)
Figure 52. Caterpillar, Inc.: Net Sales, ($Million)
Figure 53. Ceuk T/A Construction Equipment U.: Net Sales, ($Million)
Figure 54. Equippo A.: Net Sales, ($Million)
Figure 55. Hitachi, Ltd. (Hitachi Construction Machinery.: Net Sales, ($Million)
Figure 56. Hooray Machinery Co.Lt.: Net Sales, ($Million)
Figure 57. Infra Bazaa.: Net Sales, ($Million)
Figure 58. Kobelco Construction Machinery Co. Ltd.: Net Sales, ($Million)
Figure 59. Komatsu Used Equipment Corp.: Net Sales, ($Million)
Figure 60. Machine Hub Asi.: Net Sales, ($Million)
Figure 61. Machinery Auctioneer.: Net Sales, ($Million)
Figure 62. Rüko Gmb.: Net Sales, ($Million)
Figure 63. Sandhills Globa.: Net Sales, ($Million)
Figure 64. Shriram Automall India Limite.: Net Sales, ($Million)
Figure 65. Terex Corporatio.: Net Sales, ($Million)
Figure 66. Truck.: Net Sales, ($Million)
Figure 67. Volve Ce Used Equipmen.: Net Sales, ($Million)
Executive Summary
According to the report, “Pre-Owned Construction Equipment Market," the pre-owned construction equipment market size was valued at $165.2 billion in 2021, and is estimated to reach $484.3 billion by 2031, growing at a CAGR of 11.2% from 2022 to 2031. Pre-owned construction equipment is referred to as the equipment that is already used once and is purchased again by another owner in order to get the required equipment at effective price.Mining activities in different developing nations such as Latin America and Africa drives the pre-owned construction equipment market growth. Governments in different countries are investing on construction of roads, airports, railway, airports, and other infrastructural projects. Thus, this requires use excavators, loaders and different other heavy equipment. In March 2021, the U.S. President introduced infrastructural plan by investing about $2 trillion. The plan had infrastructural construction projects that includes transportation, broadband, electric grid and residential & commercial constructions. Thus, these factors are expected to create new opportunities for the market. In addition, high operational cost and maintenance cost could be saved by using pre-owned equipment. Moreover, high amount of investment needed in order to purchase the equipment could be avoided by using pre-owned construction equipment. Thus, such factors propel the market growth.
However, dearth of skilled labors is a major factor that restrains growth of the global market. Moreover, saturation in the construction and mining industry in developed nations is another factor that hampers growth of the pre-owned construction equipment market.
In addition, the outbreak of COVID-19 led to halt in logistic and manufacturing activities across the globe that has led to interruption of supply chain, which hinders growth of the pre-owned construction equipment market. However, this situation is expected to improve as governments are relaxing norms around the world to resume business activities.
On the contrary, manufacturers are developing advanced equipment, which are economical and sustainable. For instance, in March 2021, Doosan Infracore launched 100-ton excavator, which uses smart power control and electronic integrated hydraulic system. It has in-house designed fuel optimization system to improve fuel efficiency and deliver ideal job performance with loss-free power and speed. Moreover, integration of IoT is expected to help to overcome shortage of skilled labors and enhanced safety of operators and end users. These factors are anticipated to offer remunerative opportunities for expansion of the pre-owned construction equipment industry during the forecast period.
The pre-owned construction equipment market report is segmented into product, application, end user industry, and region. By product, the market is categorized into earthmoving & roadbuilding equipment, material handling & cranes, concrete equipment and others. On the basis of application, the market is fragmented into excavation, earthmoving, transportation and others. The end user industry segment is fragmented into construction, mining, oil & gas, defense and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the pre-owned construction equipment market analysis include, AB Volvo (Volvo CE Used Equipment), AIS Construction Equipment Service Corporation, Caterpillar, Inc., CEUK T/A Construction Equipment UK, Equippo AG, Hitachi, Ltd. (Hitachi Construction Machinery), Hooray Machinery Co.,Ltd, Kobe Steel, Ltd. (Kobelco Construction Machinery Co., Ltd.), Komatsu (Komatsu Used Equipment Corp.), Machine Hub Asia, Machinery Auctioneers, Ritchie Bros. Auctioneers Incorporated, RÜKO GmbH, Sandhills Global, Inc., Shriram Automall India Limited, Terex Corporation and Truck1.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global pre-owned construction equipment market trends and dynamics.
- By product, the earthmoving & roadbuilding equipment segment was the largest revenue generator in 2021.
- By application, the earthmoving segment generated the highest revenue in 2021.
- By end user industry, the construction segment dominated the market in 2021.
- Region-wise, Asia-Pacific is anticipated to dominate the global pre-owned construction equipment market share during the forecast period.
- The report provides an extensive analysis of the global pre-owned construction equipment market trends and emerging opportunities of the market.
- The global pre-owned construction equipment market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- AIS Construction Equipment Service Corporation
- Caterpillar, Inc.
- CEUK T/A Construction Equipment UK
- Equippo AG
- Hitachi, Ltd. (Hitachi Construction Machinery)
- Hooray Machinery Co.,Ltd
- Infra Bazaar
- Kobelco Construction Machinery Co., Ltd.
- Komatsu Used Equipment Corp.
- Machine Hub Asia
- Machinery Auctioneers
- RÜKO GmbH
- Sandhills Global
- Shriram Automall India Limited
- Terex Corporation
- Truck1
- Volve CE Used Equipment
Methodology
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.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 165162.2 million |
| Forecasted Market Value ( USD | $ 484310.7 million |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
