Construction Equipment Market Size, Share, Growth, Trends, Industry Analysis & Forecast to 2030

Construction equipment market size was valued at $201.9 billion in 2021, and is projected to reach $322.0 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031

This research provides an in-depth analysis of the market for the past, present, and projection period through 2032, assisting in the identification of emerging opportunities, risk factors, and growth sectors. A concise growth strategy for the market is provided in the report by highlighting recent changes, technical advances, market-affecting factors, demographics study, demand, and supply chains. An overview of the global markets for construction equipment is given, together with information on market trends, the competitive environment, and the state of development of important areas. In addition to discussing development policies and plans, manufacturing procedures and cost structures are also examined. Construction Equipment manufacturers, distributors, end users, trade groups, government industry bureaus, trade journals, industry experts, third-party databases, and our own databases were used to gather the data.

For heavy operations tasks like material handling, excavation, lifting, and other heavy operations, construction equipment or types of machinery are employed. The construction equipment industry is being driven by the commercial, residential, and industrial sectors, as well as more public-private partnerships and global economic growth. India supplies equipment that has an impact on the market globally. The right construction equipment must be chosen because there are numerous varieties available on the market. Companies take into account elements like the material, quality, project complexity, and safety while purchasing construction equipment from India. construction projects employ both building construction equipment and construction gear. Heavy-duty vehicles specifically created for carrying out construction activities, most usually including earthwork operations, are referred to as construction equipment.

One of the main factors affecting the market growth is the significant increase in housing projects and commercial infrastructure construction as a result of fast urbanisation and the growing world population. In addition, a lack of qualified workers and a growing focus on reducing total project costs and completion times are driving an increase in automation in the construction industry. Growth in the market is also being driven by rising investments in creating new and enhancing current public infrastructure. The coronavirus illness (COVID-19) outbreak, however, had a significant negative influence on the building sector. This is attributable to the implementation of lockdown regulations in many nations and the growing use of social segregation techniques to stop the epidemic from spreading.

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Global Construction Equipment Market: Segmentations

Global Construction Equipment Market: By Key Players
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

Global Construction Equipment Market: By Types
Excavator
Loaders
Compactors
Dump Truck
Bulldozers

Global Construction Equipment Market: By Applications
Residential Building
Non-Residential Building
Engineering Working

Global Construction Equipment Market: Regional Analysis
The countries covered in the regional analysis of the Global Construction Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Objective of Studies:
1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Construction Equipment.
2. To provide insights about factors affecting the market growth. To analyze the Construction Equipment based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
4. To provide country level analysis of the market with respect to the current market size and future prospective.
5. To provide country level analysis of the market for segment by application, product type and sub-segments.
6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
7. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Construction Equipment.

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