Global Construction Equipment Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Construction Equipment Market By Equipment Type (Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavator, Crawler Loader, Mini Excavators, Motor Grader, Motor SCRaper, Road Roller, Rigid Dump Truck, RTLT-Masted, RTLT-Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loader <80 hp, Wheeled Loader >80hp), Equipment Category (Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment), Application (Infrastructure, Commercial Buildings, Residential Buildings, Industrial Buildings), Power Output (<100 hp Construction Equipment, 101–200 hp Construction Equipment, 201–400 hp Construction Equipment, >400 hp Construction Equipment), Emission Regulation Stage (Stage II, Stage III, Stage IIIA, Stage IIIB, Stage IV, Stage V, Stage VI, Tier 3, Tier 4, Tier 5), Propulsion Type (Diesel, Gasoline, CNG/LNG/RNG), Solution (Products, Services), Drive Type (Hydraulic, Electric &Hybrid), End- Users (Oil & Gas, Public Works & Rail Road, Forestry & Agricultural, Manufacturing, Military, Mining), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Construction Equipment Market

Global construction equipment market is expected to rise to an estimated value by registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. Growth in industrial and commercial development and economic growth is enhancing the market growth.

Market Definition: Global Construction Equipment Market

Construction equipment is specially designed machineries for construction activities in both urban and rural areas. Cement machinery, lifting machinery, decoration machinery, pile driving machinery among others are some of the most common type of the construction equipment. These machines are very useful as it reduces labour time and also saves money. This equipment is widely used in manufacturing, mining, public works and rail roads, forestry and others.

Market Drivers:

  • ·         Rising investment in infrastructure is the factor driving the growth of this market
  • ·         Increasing number of smart city projects is driving the market growth
  • ·         Technological advancement and development is another important factor driving the market growth
  • ·         Growing demand of small and large excavators, backhoe loaders and other heavy construction equipment from developing countries is a driver for this market

Market Restraints:

  • ·         High cost of the oil will also restrain market growth
  • ·         High price of the equipment is another important factor hindering the market growth

Segmentation: Global Construction Equipment Market

·         By Equipment Type

              o    Articulated Dump Truck

              o    Asphalt Finisher

              o    Backhoe Loader

              o    Crawler Dozer

              o    Crawler Excavator

              o    Crawler Loader

              o    Mini Excavators

              o    Motor Grader

              o    Motor SCRaper

              o    Road Roller

              o    Rigid Dump Truck

              o    RTLT-Masted

              o    RTLT-Telescopic

              o    Skid-Steer Loader

              o    Wheeled Excavator

              o    Wheeled Loader <80 hp

              o    Wheeled Loader >80hp

·         By Equipment Category

              o    Earthmoving Equipment

              o    Material-Handling Equipment

              o    Heavy Construction Vehicles

              o    Other Equipment

·         By Application

              o    Infrastructure

              o    Commercial Buildings

              o    Residential Buildings

              o    Industrial Buildings

·         By Power Output

              o    <100 hp Construction Equipment

              o    101–200 hp Construction Equipment

              o    201–400 hp Construction Equipment

              o    >400 hp Construction Equipment

·         By Emission Regulation Stage

              o    Stage II

              o    Stage III

              o    Stage IIIA

              o    Stage IIIB

              o    Stage IV

              o    Stage V

              o    Stage VI

              o    Tier 3

              o    Tier 4

              o    Tier 5

·         By Propulsion Type

              o    Diesel

              o    Gasoline

              o    CNG/LNG/RNG

·         By Solution

              o    Products

              o    Services

o   Rental

o   Maintenance

·         By Drive Type

              o    Hydraulic

              o    Electric &Hybrid

·         By End- Users

              o    Oil & Gas

              o    Public Works & Rail Road

              o    Forestry & Agricultural

              o    Manufacturing

              o    Military

              o    Mining

·         By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         South America

o   Brazil

o   Argentina

o   Rest of South America

·         Europe

o   Germany

o   France

o   United Kingdom

o   Italy

o   Spain

o   Russia

o   Turkey

o   Belgium

o   Netherlands

o   Switzerland

o   Rest of Europe

·         Asia-Pacific

o   Japan

o   China

o   South Korea

o   India

o   Australia

o   Singapore

o   Malaysia

o   Indonesia

o   Thailand

o   Philippines

o   Rest of Asia-Pacific

·         Middle East and Africa

o   South Africa

o   Egypt

o   Saudi Arabia

o   United Arab Emirates

o   Israel

o   Rest of Middle East and Africa

Key Developments in the Market:

  • ·         In February 2019, H&E Equipment Services, Inc. announced that they have acquired We-Rent-It. This acquisition will help the company to expand them in the 22 branches in Texas and will also assist them to provide better services to their customer and to strengthen their position in the market place
  • ·         In June 2017, Deere & Company announced that they have acquired Wirtgen Group. The main aim of this acquisition is to expand their business in both construction and agriculture and will help the Deere & Company to reach more customer and market. This acquisition will also assist the company to strengthen their market presence

Competitive Analysis:

Global construction equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of construction equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global construction equipment market are Caterpillar, AB Volvo, Komatsu Ltd, CNH Industrial N.V., Liebherr Group, Hitachi Construction Machinery Co., Ltd., Terex Corporation., Deere & Company., Zoomlion Heavy Industry Science&Technology Co., Ltd., Atlas Copco (India) Ltd, Sandvik AB, WIRTGEN GROUP, Ammann Group, Manitowoc, ASTEC INDUSTRIES, INC., Doosan Corporation, XCMG Group, Hyundai Heavy Industries Co., Ltd. and SANY GROUP among others.

Research Methodology: Global Construction Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • ·         Complete and distinct analysis of the market drivers and restraints
  • ·         Key market players involved in this industry
  • ·         Detailed analysis of the market segmentation
  • ·         Competitive analysis of the key players involved

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