Construction Equipment Market 2021 Status and Outlook- Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery

The report presents an in-depth assessment of the Construction Equipment Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Construction Equipment from 2021 till 2026. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The global construction equipment market size is projected to reach USD 205.0 billion by 2025, from an estimated value of USD 169.3 billion in 2020, at a 3.9% CAGR.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Construction Equipment Market: Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Deere, Doosan, JCB, SANY Group Company Ltd., Kobelco, CNH Global, Hyundai Construction Equipment Company, Liebherr Group, Kubota, XCMG, Zoomlion and others.

Construction equipment are specially designed machinery used to perform construction operations. These equipment are used for different functions such as drilling, hauling, excavating, paving, and grading. The global construction equipment market covers different industries such as construction & infrastructure, manufacturing, and oil & gas. 

Recent Developments:

-In August 2020, John Deere introduced the 200G model to its excavator range. Designed to decrease fuel burn amount without sacrificing power or productivity, the 200G Excavator enables operators to complete tough jobs while also lowering overall operation costs quickly. Combined with John Deere’s broad bucket portfolio, coupler options and attachments, and accelerated swing speed, the 200G machine is ideal for various applications, including site development, roadbuilding, and earthmoving.

-In August 2020, Hitachi Construction Machinery Co., Ltd. (TSE: 6305; Hitachi Construction Machinery) developed a system platform, ZCORE, which facilitates the development of autonomous construction equipment, enhances its functionality. This is part of Hitachi Construction Machinery’s effort to increase safety and productivity at future construction sites in line with the company vision of man and equipment working together cooperatively.

-In April 2020, Caterpillar has launched the new Cat AD63 Underground Articulated Truck features five percent increased payload and more torque for enhanced production capabilities, compared to its predecessor, the AD60. The new AD63 also be configured to meet the strictest diesel engine emission regulations for regulatory compliance and better underground air quality. Additional new features enhance operator ergonomics, maintenance access, safety, and data collection for machine health monitoring. The AD63, with a 63-ton payload, is the largest underground truck in the Caterpillar product line. The new model is expected to be available in late 2020.

-In January 2020, Volvo Construction Equipment (Volvo CE) debuted two new asphalt paver models for its North American range at ConExpo-Con/Agg 2020 – the P5110B tracked, and P5170B wheeled pavers. Built for both heavy commercial and light highway tasks, the machines offer easy maintenance and strong performance, coupled with significant fuel savings.

-In April 2019, Komatsu Ltd. launched the PC30E-5 electric mini excavator in Japan. Based on Komatsu’s accumulated technological expertise of hybrid construction equipment and electric forklift trucks, this electric model offers excavation performance on par with the internal combustion model of the same power output while achieving zero exhaust gas and significant noise reduction. In addition to promising use in indoor and night-time work, the PC30E-5 is an industry-pacesetting model that promotes the widespread use of construction equipment friendly to humans and the natural environment. 

Construction Equipment Market Split by Product Types and Applications:

Market Segmented by Types:

Excavator

Loaders

Compactors

Dump Truck

Bulldozers

Market Segmented by Applications:

Residential Building

Non-Residential Building

Engineering Working

Regional Analysis For Construction Equipment Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Influence of the Construction Equipment Market Report:
-Comprehensive assessment of all opportunities and risks in the Construction Equipment market.
-The detailed study of business strategies for the growth of the Construction Equipment market-leading players.
-Conclusive study about the growth plot of the Construction Equipment market for forthcoming years.
-In-depth understanding of Construction Equipment market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Construction Equipment market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Construction Equipment Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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