Heavy Equipment Market Foreseen to Draw a Promising Growth of $187.9 Billion by 2025| Komatsu, JCB, Hitachi

Global Heavy Equipment Market Synopsis:

The report covers a forecast and an analysis of the Heavy Equipment Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Heavy Equipment Market along with the impact they have on the demand over the forecast period.

The Global Heavy Equipment Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Heavy Equipment market size to maintain the average annual growth rate of 0.018508427112 from $126 Billion in 2015 to $138.1 Billion in 2019, market analysts believe that in the next few years, Heavy Equipment market size will be further expanded, we expect that by 2025, The market size of the Heavy Equipment will reach $187.9 Billion.

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The most important key factors driving the growth of the Global Heavy Equipment Market are rapid urbanization and increase in investments in the construction and manufacturing industry, gaining momentum in the modern construction industry due to factors such as geographical expansion in emerging markets and adoption of heavy construction equipment offers lucrative opportunities for market player in the next few years.

On the basis of Regional analysis, North America and Europe holds major share in global Heavy Equipment market. Moreover, Asia-Pacific is expected to record higher growth rate in Heavy Equipment Market during the forecast year.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Heavy Equipment Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Komatsu

2 Caterpillar

3 JCB

4 Hitachi

5 Kobelco

6 Volvo

7 Kubota

8 Liugong Group

9 Sumitomo

10 Case Construction

11 SANY

12 Doosan and More……………….

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Product Type Segmentation

1 Hydraulic Excavators (Crawler-type)

2 Hydraulic Excavators (Wheel-type)

3 Bulldozers

4 Wheel Loaders

5 Dump Trucks (Rigid-type)

Industry Segmentation

1 Construction

2 Mining

International Business News:

Komatsu (January 26, 2021) - Joint PoC Verification Tests to Start for Electrification of Small and Medium-sized Hydraulic Excavators: Announcing Collaboration with Proterra of the United States - Komatsu Ltd. has signed a collaboration agreement with Proterra Inc of the United States, to receive the supply of Proterra’s industry-leading battery systems with the aim of having Komatsu electrify its small and medium-sized hydraulic excavators. Komatsu plans to advance the PoC (Proof of Concept) tests starting in 2021 and enter commercial production of its electric excavators in 2023 to 2024.

Proterra is a leader in commercial vehicle electrification technology. Through its Proterra Powered program, the company delivers its battery systems and electrification solutions to help heavy-duty and commercial vehicle manufacturers around the world electrify their vehicles.

In April 2020, Komatsu launched the PC30E-5 electric mini excavator. For its small and medium-sized models, Komatsu is going to receive high-performance batteries and peripherals which Proterra has developed with its state-of-the art technology accumulated over the years as North America’s leading manufacturer of electric transit vehicles. At the same time, Komatsu is going to collaborate with Proterra as one of its strategic partners of PoC tests. In the course of PoC tests, Proterra and Komatsu will develop an optimal battery system for small and medium-sized hydraulic excavators which require a large amount of output. Proterra’s flexible battery platform leverages industry-leading energy density and are highly customizable, an important advantage of their batteries that enables Komatsu to achieve optimal packaging of the batteries in excavators by combining them with Komatsu-developed key components. Komatsu also expects to generate additional benefits by integrating the partner’s technology with its own, such as integral technology for the development of machine bodies.

Komatsu has led the industry by developing products designed to contribute to mitigating environmental impact, as represented by its hybrid hydraulic excavators in 2008, which marked the world’s first hybrid construction equipment on the market, and its PC30E-5 electric mini excavator launched as domestic rental equipment.

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Major Points in Table of Contents:

Global Heavy Equipment Market Report 2021

1 Heavy Equipment Product Definition

2 Global Heavy Equipment Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Heavy Equipment Shipments

2.2 Global Manufacturer Heavy Equipment Business Revenue

2.3 Global Heavy Equipment Market Overview

2.4 COVID-19 Impact on Heavy Equipment Industry

3 Manufacturer Heavy Equipment Business Introduction

3.1 Komatsu Heavy Equipment Business Introduction

3.2 Caterpillar Heavy Equipment Business Introduction

3.3 JCB Heavy Equipment Business Introduction

3.4 Hitachi Heavy Equipment Business Introduction

3.5 Kobelco Heavy Equipment Business Introduction

3.6 Volvo Heavy Equipment Business Introduction

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