Construction Equipment Market | Analysis 2019-2031

Construction Equipment Market Introduction

In the last few years, the emergence of advanced technology trends such as telematics and hybrid remote monitoring, have transformed the construction equipment industry at a considerable rate. In addition, strict government regulations and the rise of competition from emerging markets have put a noticeable impact on how the OEMs operate their business. Construction equipment or heavy equipment are machines that are specially designed to perform various activities such as excavation, drilling, hauling, and grading.

Market Dynamics

Government agencies of various countries especially in developing region such as India have announced plans to invest a significant amount in development of national infrastructure as well as encourage the development of smart cities. For example, the Government of India under its five-year plan from 2012-2017 has allocated USD 1 million for the infrastructure development. This is attributed to the demand more enhanced construction equipment to achieve the desired task in the given time span. In addition, increasing demand for oil, minerals, and metals across worldwide due to increasing global population are expected to raise the adoption of advanced heavy equipment in mining industry. Further, regeneration of urban areas and public-private partnership and joint ventures are projected to accelerate the market growth. In contrast, increasing carbon footprints and fuel prices are some of the major issues that are projected to hinder the market growth over the forecast period.

Market Scope

The global construction equipment market is divided into equipment type, industry, and region. Based on equipment type, the market is segmented into material handling equipment, material processing equipment, concrete equipment, and earthmoving equipment. By industry, the market is bifurcated into mining, transportation, oil and gas, and others. Region wise the market is analyzed across North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa.

Construction Equipment Market Competitive Landscape

Key players- manufacturing and offering construction equipment are aimed at enhancing the capabilities of heavy equipment such as minimizing the center of gravity, tail swing and counterweight to increase the equipment’s stability and obstacle avoidance respectively. For example, in April 2015, J.C Bamford Excavators Limited (JCB) introduced a new wheeled Hydradig excavator is more stable and capable of avoiding an obstacle. In addition, this excavator is designed in such a way that enables a driver to see all four wheels form its driving position further, in April 2016, Liebherr Group introduced an updated quick coupler for excavator i.e PR 716 dozer. Prominent players profiled in the market Atlas Copco AB, Caterpillar Inc., CNH Industrial N.V., Hitachi Ltd., Joy Global Inc., Komatsu Ltd., Liebherr International AG, Terex Corporation, Volvo Construction Equipment AB, and Zoomlion Heavy Industry Science & Technology Development Co. Ltd.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on construction equipment market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.