Construction Equipment Market Key Vendors, Key Segment, Key Companies, Growth Opportunities by 2018-2030

The Construction Equipment Market is divided into solution, equipment, type, application, industry, and region segments. Products and services are the two types of solutions. Construction equipment is divided into two categories: heavy construction equipment and compact construction equipment. It is divided into loader, cranes, forklift, excavators, dozers, and other categories. Excavation and mining, lifting and material handling, earth moving, transportation, and others are the different types of applications. Oil and gas, construction and infrastructure, manufacturing, mining, and others are the end-user categories. North America, Europe, Asia-Pacific, and LAMEA are the regions studied.

Global construction market was valued at USD 208.3 billion in 2021 and is anticipated to register a CAGR of 3.8% during the forecast duration of 2022-2030, thereby reaching a valuation of USD 308.54 billion by the end of the analysis timeline.

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Despite the fact that the construction industry is slowing, which is affecting sales of new construction equipment, the market is likely to recover throughout the projection period. The rising emphasis on public-private partnerships is expected to be one of the causes driving the growth (PPP). These collaborations are defined as a government-private sector joint venture for the construction of public infrastructure systems. A private firm manages a project and contributes technical and operational knowledge to government programmes in this sort of partnership. The construction equipment sector is predicted to develop due to the growing public-private partnerships in nations like India, Africa, and China. Furthermore, as the world's population grows, so does the demand for infrastructure such as housing.

Global Construction Equipment Market: Segmentations
By equipment Type-
• Asphalt Finisher
• Motor Grader
• Backhoe Loader
• Crawler Dozer
• Articulated Dump Truck
• Crawler Excavator
• Rigid Dump Truck
• Crawler Loader
• Road Roller
• Mini Excavator
• Rough Terrain Lift Truck (RTLT) Masted
• Wheeled Excavator
• Rough Terrain Lift Truck (RTLT) Telescopic
• Wheeled Loader 80 HP
• Pick and Carry Crane.
• Skid-Steer Loader
• Compactor

By Equipment Category
• Material Handling Equipment
• Heavy Construction Vehicle
• Earthmoving Equipment
• Others

By Power Output
• 400 HP

By Engine Capacity
• 10L

By Propulsion Type
• Diesel
• CNG/LNG/RNG

By Application
• Commercial
• Residential
• Infrastructure

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Global Construction Equipment Market- Competitive Hierarchy
The major players operating in the industry sphere are Caterpillar, Inc (US), Komatsu Ltd (Japan), Xuzhou Construction Machinery Group Co., Ltd (China), Sany Heavy Industries Co., Ltd (China), and Zoomlion Heavy Industry Science and Technology Co., Ltd (China).
Notably, Volvo Construction Equipment (Volvo CE), in April 2019 launched its first emission free wheel loader and electric compact excavator. These machines not only promise zero emission rates but also come with low noise level, less energy cost, low maintenance needs, along with enhanced efficiency as compared to the previous models.

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