Home
Construction & Manufacturing
Engineering, Mining & Agriculture Equipment
Construction Equipment Market Share & Growth | Forecast 2031

Construction Equipment Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Types (Crushing & Screening Equipment, Civil Engineering Equipment, Road Building Equipment, Concrete Equipment, Material Handling Equipment & Cranes, Earthmoving Equipment, and Others), Applications (Commercial, Industrial, and Residential), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

CM-4069
4.3 Rating
182 Pages

Upcoming
69 Reviews

Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Rucha Phatak

Report Description

The construction equipment market size was valued at USD 206.8 billion in 2021 and is projected to reach USD 248.9 billion by 2030, expanding at a CAGR of 3.9% during the forecast period, 2022 – 2030. The growth of the market is attributed to increased infrastructure investments after the COVID-19 pandemic as well as increased investments in urban infrastructure.

Heavy-duty vehicles specifically built for carrying out construction duties, most commonly earthwork operations, are referred to as construction equipment. Heavy machineries, heavy vehicles, heavy hydraulics, engineering equipment, construction equipment, and heavy trucks are just a few terms used to describe them. Any construction procedure requires construction equipment. These machineries are used to perform several activities such as grading, paving, excavating, hauling, and drilling.

Although the construction industry is slowing, new construction equipment sales are estimated to increase during the forecast period. The rising emphasis on public–private partnerships is expected to be one of the causes driving the market. These partnerships are defined as a public-private cooperation for the creation of public infrastructure systems. In this sort of partnerships, a private company manages a project and provides operational and technical skills to government projects.

The Covid-19 pandemic affected the demand and supply of construction equipment market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period. However, as construction operations resumed in the 2nd quarter of the year, the industry began to see positive growth in many parts of the world.

Market Trends, Drivers, Restraints, and Opportunities

Government programs that encourage people to buy new homes, such as stimulus packages and reduced mortgage rates, are projected to drive the market during forecast period.
Rising infrastructure investment amid COVID-19 is estimated to drive the market during projected period.
Stringent government regulations and carbon emissions are anticipated to hinder the market growth.
High initial investment cost is estimated to hamper the market growth during forecast period.
High maintenance cost of the equipment is anticipated to restrict the market growth.
Growing trend of electric construction equipment is expected to create immense opportunities for the market players during the forecast period.

Scope of the Report

The report on the global construction equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Construction Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2022 – 2030
Segmentation	Types (Crushing & Screening Equipment, Civil Engineering Equipment, Road Building Equipment, Concrete Equipment, Material Handling Equipment & Cranes, Earthmoving Equipment, and Others), Applications (Commercial, Industrial, and Residential)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Zoomlion; Sany Heavy Industries; Xuzhou Construction Machinery Group; Komatsu Ltd.; Caterpillar Inc.; Liebherr-International AG; CNH Industrial NV; Kobelco Construction Machinery Co.; JCB India Limited; Doosan Infracore; Escorts Limited; Volvo AB; Terex Corporation; Sumitomo Heavy Industries, Ltd.; Deere & Company.; and Hyundai Construction Equipment Co., Ltd.

Market Segment Insights

The material handling equipment & cranes segment is projected to expand at a rapid pace during the forecast period

Based on types, the market is segregated into crushing & screening equipment, civil engineering equipment, road building equipment, concrete equipment, material handling equipment & cranes, earthmoving equipment, and others. The material handling equipment & cranes segment is projected to expand at a rapid pace during the forecast period, due to growing demand for cranes and other gear in a variety of industries, including construction and warehouse cranes. The road building equipment segment is estimated to expand at a high CAGR during the forecast period owing to increasing funding in commercial and industrial construction projects in emerging nations such as India and China. The concrete equipment segment held around 12% of the total market share in 2021. Growth of the segment is attributed to increasing logistics and transportation sectors operations. These machines are used in a variety of construction projects, including utility work, stadiums, roadways, towers, buildings, and power plants. The capacity of the concrete pump to efficiently transfer freshly made fluid concrete to the exact location is boosting the market.

The industrial segment is projected to expand at a high CAGR during the forecast period

On the basis of applications, the market is fragmented into commercial, industrial, and residential. The industrial segment is projected to expand at a high CAGR during the forecast period. Growth of the segment is attributed to increased industrialization and foreign direct investment in several international manufacturing plants.

Asia Pacific held around 40% of the total market share in 2021

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific held major market share in 2021 and is projected to expand at a high CAGR during the forecast period. Favorable government initiatives to encourage infrastructure investments in emerging nations such as China and India are expected to drive the market. Growth and expansion of the building and construction industries as a result of increased infrastructure development is estimated to boost the market in the region.

Segments

Segments Covered in the Report

The global construction equipment market has been segmented on the basis of

Types

Crushing & Screening Equipment
Civil Engineering Equipment
Road Building Equipment
Concrete Equipment
Material Handling Equipment & Cranes
Earthmoving Equipment
Others

Applications

Commercial
Industrial
Residential

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Zoomlion
Sany Heavy Industries
Xuzhou Construction Machinery Group
Komatsu Ltd.
Caterpillar Inc.
Liebherr-International AG
CNH Industrial NV
Kobelco Construction Machinery Co.
JCB India Limited
Doosan Infracore
Escorts Limited
Volvo AB
Terex Corporation
Sumitomo Heavy Industries, Ltd.
Deere & Company.
Hyundai Construction Equipment Co., Ltd.

Competitive Landscape

Key players competing in the construction equipment market include Zoomlion; Sany Heavy Industries; Xuzhou Construction Machinery Group; Komatsu Ltd.; Caterpillar Inc.; Liebherr-International AG; CNH Industrial NV; Kobelco Construction Machinery Co.; JCB India Limited; Doosan Infracore; Escorts Limited; Volvo AB; Terex Corporation; Sumitomo Heavy Industries, Ltd.; Deere & Company.; and Hyundai Construction Equipment Co., Ltd.

Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years. For instance,

In January 2021, Honda Motor Co., Ltd. and Komatsu Ltd. have formed a collaborative development partnership. Komatsu's PCO1 mini excavators were electrified as part of the agreement.
In April 2021, Caterpillar introduced the new CAT 816 soil compactor, which features upgraded airflow technology to minimize cleaning and maintenance.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Construction Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Construction Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Construction Equipment Market - Supply Chain
  4.5. Global Construction Equipment Market Forecast
     4.5.1. Construction Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Construction Equipment Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Construction Equipment Market Absolute $ Opportunity
5. Global Construction Equipment Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Construction Equipment Market Size and Volume Forecast by Types
     5.3.1. Crushing & Screening Equipment
     5.3.2. Civil Engineering Equipment
     5.3.3. Road Building Equipment
     5.3.4. Concrete Equipment
     5.3.5. Material Handling Equipment & Cranes
     5.3.6. Earthmoving Equipment
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Construction Equipment Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Construction Equipment Market Size and Volume Forecast by Applications
     6.3.1. Commercial
     6.3.2. Industrial
     6.3.3. Residential
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Construction Equipment Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Construction Equipment Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Construction Equipment Demand Share Forecast, 2019-2026
8. North America Construction Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Construction Equipment Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Construction Equipment Market Size and Volume Forecast by Types
     8.4.1. Crushing & Screening Equipment
     8.4.2. Civil Engineering Equipment
     8.4.3. Road Building Equipment
     8.4.4. Concrete Equipment
     8.4.5. Material Handling Equipment & Cranes
     8.4.6. Earthmoving Equipment
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Construction Equipment Market Size and Volume Forecast by Applications
     8.7.1. Commercial
     8.7.2. Industrial
     8.7.3. Residential
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Construction Equipment Demand Share Forecast, 2019-2026
9. Latin America Construction Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Construction Equipment Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Construction Equipment Market Size and Volume Forecast by Types
     9.4.1. Crushing & Screening Equipment
     9.4.2. Civil Engineering Equipment
     9.4.3. Road Building Equipment
     9.4.4. Concrete Equipment
     9.4.5. Material Handling Equipment & Cranes
     9.4.6. Earthmoving Equipment
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Construction Equipment Market Size and Volume Forecast by Applications
     9.7.1. Commercial
     9.7.2. Industrial
     9.7.3. Residential
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Construction Equipment Demand Share Forecast, 2019-2026
10. Europe Construction Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Construction Equipment Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Construction Equipment Market Size and Volume Forecast by Types
     10.4.1. Crushing & Screening Equipment
     10.4.2. Civil Engineering Equipment
     10.4.3. Road Building Equipment
     10.4.4. Concrete Equipment
     10.4.5. Material Handling Equipment & Cranes
     10.4.6. Earthmoving Equipment
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Construction Equipment Market Size and Volume Forecast by Applications
     10.7.1. Commercial
     10.7.2. Industrial
     10.7.3. Residential
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Construction Equipment Demand Share Forecast, 2019-2026
11. Asia Pacific Construction Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Construction Equipment Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Construction Equipment Market Size and Volume Forecast by Types
     11.4.1. Crushing & Screening Equipment
     11.4.2. Civil Engineering Equipment
     11.4.3. Road Building Equipment
     11.4.4. Concrete Equipment
     11.4.5. Material Handling Equipment & Cranes
     11.4.6. Earthmoving Equipment
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Construction Equipment Market Size and Volume Forecast by Applications
     11.7.1. Commercial
     11.7.2. Industrial
     11.7.3. Residential
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Construction Equipment Demand Share Forecast, 2019-2026
12. Middle East & Africa Construction Equipment Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Construction Equipment Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Construction Equipment Market Size and Volume Forecast by Types
     12.4.1. Crushing & Screening Equipment
     12.4.2. Civil Engineering Equipment
     12.4.3. Road Building Equipment
     12.4.4. Concrete Equipment
     12.4.5. Material Handling Equipment & Cranes
     12.4.6. Earthmoving Equipment
     12.4.7. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Construction Equipment Market Size and Volume Forecast by Applications
     12.7.1. Commercial
     12.7.2. Industrial
     12.7.3. Residential
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Construction Equipment Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Construction Equipment Market: Market Share Analysis
  13.2. Construction Equipment Distributors and Customers
  13.3. Construction Equipment Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Zoomlion
     13.4.2. Sany Heavy Industries
     13.4.3. Xuzhou Construction Machinery Group
     13.4.4. Komatsu Ltd.
     13.4.5. Caterpillar Inc.
     13.4.6. Liebherr-International AG
     13.4.7. CNH Industrial NV
     13.4.8. Kobelco Construction Ma

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By