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Construction Machinery Equipment Market Size | Forecast 2031
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Construction Machinery Equipment Market Size | Forecast 2031

Segments - Global Construction Machinery Equipment Market by Offerings (Products and Services), Equipment Types (Cranes, Earthmoving, Material Handling, Concrete, Road Building, Excavator, Loaders & Backhoe, Motor Grader, and Others), Drive Type (Hydraulic, Electric, and Hybrid), Applications (Commercial, Residential, and Industrial), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts,2023-2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Rucha Phatak

Upcoming | Report ID :CM-3874 | 4.6 Rating | 65 Reviews | 230 Pages | Format : PDF Excel PPT

Report Description


The construction machinery equipment market size was around USD 180.90 billion in 2022 and is estimated to reach USD 305.63 billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023–2031. 

Construction equipment is also known as heavy machines, heavy trucks, engineering equipment, heavy vehicles, or heavy hydraulics. Mostly they are used in construction work such as heavy constructions activities.

Construction Machinery Equipment Market Outlook

Construction equipment’s works in a sequence to perform the combination of series of operations to achieve the final objective. This equipment’s are used and adopted for the construction of buildings and road works. Construction equipment’s are used to perform the functions such as hauling, drilling, grading, excavating, and paving. Industries such as manufacturing, construction & infrastructure, oil & gas targets the global construction equipment market.

  • New technologies and new inventions are introduced in the market; the consumers are re-assembling and renovating their traditional equipment into the latest automated equipment, which is projected to drive the market.

  • The current trend and scenario are mostly focusing constructor and manufacturing process in the development and infrastructure of automation, this development can turn into the impact that can drive the market growth.

  • Factors that propel the market are acceptance of the new and advanced construction equipment, increasing infrastructural investments, and increasing construction works globally.

  • Carbon emissions and strict government gazette and regulations are the factors expected to limit the construction equipment market growth, however massive use of construction tools and equipments also affects the environmental balance and hinders the market growth.

  • Technological growth and development are expected to create lucrative opportunities for manufacturers in the market.

Scope of the report:

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

Attributes

Details

Report Title

Construction Machinery Equipment Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023-2031

Segmentation

Offerings (Products and Services), Equipment Types (Cranes, Earthmoving, Material Handling, Concrete, Road Building, Excavator, Loaders & Backhoe, Motor Grader, and Others), Drive Type (Hydraulic, Electric, and Hybrid), Applications (Commercial, Residential, and Industrial)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players covered in the Report

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).

Global Construction Machinery Equipment Market Segment Insights:

The product segment is projected to hold significant market share

Based on offerings, the construction machinery equipment market is bifurcated into product and services. The products segment is projected to dominate the market during the forecast period. The construction machinery equipment market mostly focuses on the products rather than services and targets the higher graph in this segment.

However, variety of machineries are used to perform activities that includes the cranes, earthmoving, material handling, concrete, road building, excavator, loaders and backhoe, and motor grader.

The earthmoving segment is projected to hold significant market share

On the basis of equipment type, the construction machinery equipment market is segregated into cranes, earthmoving, material handling, concrete, road building, excavator, loaders & backhoe, motor grader, and others. The earthmoving segment is expected to hold significant market share during the forecast period. The factors that promote the development of less noisy and eco-friendly excavators are government protocols stating the emission and noise.

Construction Machinery Equipment Market Equipment Type

The electric segment is estimated to grow at a rapid pace

In terms of drive type, the construction machinery equipment market is segmented into hydraulic, electric, and hybrid. The electric segment is estimated to grow at a rapid pace. Electric are the latest technology used in construction works and are widely adopted by the manufacturers. The reason for its high adoptability is its cost-effective and less emission production.

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

Based on applications, the construction machinery equipment market is fragmented into commercial, residential, and industrial. The industrial segment is estimated to expand at a high CAGR during the forecast period due to increasing foreign direct investment (FDI) and rapid industrialization in emerging countries.

Construction Machinery Equipment Market Applications

North America is anticipated to dominate the global market

In terms of regions, the global construction machinery equipment market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market. The expansion of industrial, residential, skyscrapers, commercial building is estimated to boost the market in the region.

Segments

By Offerings

  • Products
  • Services

By Equipment Type

  • Cranes
  • Earthmoving
  • Material Handling
  • Concrete
  • Road Building
  • Excavator
  • Loaders & Backhoe
  • Motor Grader
  • Others

By Drive Type

  • Hydraulic
  • Electric
  • Hybrid

By Application

  • Commercial
  • Residential
  • Industrial

By Regions

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

By Key Players

  • 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
  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG).

Competitive Landscape

Key players in the construction machinery equipment market includes 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). These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Construction Machinery Equipment Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Construction Machinery 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 Machinery 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 Machinery Equipment Market - Supply Chain
  4.5. Global Construction Machinery Equipment Market Forecast
     4.5.1. Construction Machinery Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Construction Machinery Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Construction Machinery Equipment Market Absolute $ Opportunity
5. Global Construction Machinery Equipment Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Construction Machinery Equipment Market Size and Volume Forecast by Applications
     5.3.1. Commercial
     5.3.2. Residential
     5.3.3. Industrial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Construction Machinery Equipment Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Construction Machinery Equipment Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Construction Machinery Equipment Demand Share Forecast, 2019-2026
7. North America Construction Machinery Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Construction Machinery Equipment Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Construction Machinery Equipment Market Size and Volume Forecast by Applications
     7.4.1. Commercial
     7.4.2. Residential
     7.4.3. Industrial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Construction Machinery Equipment Demand Share Forecast, 2019-2026
8. Latin America Construction Machinery 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
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Construction Machinery Equipment Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Construction Machinery Equipment Market Size and Volume Forecast by Applications
     8.4.1. Commercial
     8.4.2. Residential
     8.4.3. Industrial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Construction Machinery Equipment Demand Share Forecast, 2019-2026
9. Europe Construction Machinery 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. Europe Average Pricing Analysis
  9.2. Europe Construction Machinery Equipment Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Construction Machinery Equipment Market Size and Volume Forecast by Applications
     9.4.1. Commercial
     9.4.2. Residential
     9.4.3. Industrial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Construction Machinery Equipment Demand Share Forecast, 2019-2026
10. Asia Pacific Construction Machinery 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Construction Machinery Equipment Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Construction Machinery Equipment Market Size and Volume Forecast by Applications
     10.4.1. Commercial
     10.4.2. Residential
     10.4.3. Industrial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Construction Machinery Equipment Demand Share Forecast, 2019-2026
11. Middle East & Africa Construction Machinery 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. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Construction Machinery Equipment Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Construction Machinery Equipment Market Size and Volume Forecast by Applications
     11.4.1. Commercial
     11.4.2. Residential
     11.4.3. Industrial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Construction Machinery Equipment Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Construction Machinery Equipment Market: Market Share Analysis
  12.2. Construction Machinery Equipment Distributors and Customers
  12.3. Construction Machinery Equipment Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. AB Volvo
     12.4.2. Caterpillar Inc
     12.4.3. CNH Industrial N.V
     12.4.4. Deere & Company
     12.4.5. Doosan Infracore Co. Ltd
     12.4.6. Hitachi Ltd
     12.4.7. J C Bamford Excavators Ltd
     12.4.8. Komatsu Ltd
     12.4.9. Liebherr-International AG
     12.4.10. Xuzhou Construction Machinery Group Co., Ltd. (XCMG).

Methodology

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