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Construction Equipment Market worth $215.57 billion by 2030, growing at a CAGR of 5.92% - Exclusive Report by 360iResearch
Construction Equipment Market | 360iResearch
The Global Construction Equipment Market to grow from USD 144.03 billion in 2023 to USD 215.57 billion by 2030, at a CAGR of 5.92%.
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Construction equipment, including air compressors, pneumatic or hydraulic tools, bulldozers, excavators, rollers, and concrete mixers, are designed and intended for usage in construction or material handling operations. These equipment are widely employed for carrying out construction activities as they lower overall construction costs and boost construction output by using the most effective and efficient approaches as work progresses. The adoption of construction equipment is increasing with accelerated urbanization and significant investments in building and construction projects. However, the limited availability of skilled workers for handling machinery and stringent government regulations associated with the use of construction equipment may reduce their employment by end-users. New technologies and the introduction of electric and autonomous vehicles may reduce safety issues and expand construction equipment use.
The construction equipment market in the Americas, APAC, and Europe is experiencing a significantly increasing landscape owing to the surge in the number of construction projects in the U.S., Canada, the UK, India, Australia, China, South Korea, and Japan, among others. Additionally, the governments in the Americas and APAC region are heavily investing and taking initiatives to upscale the construction activities and road and building infrastructure in their respective regions. Several regional architectural and interior working firms are adopting construction equipment to safely, efficiently, and cost-effectively increase the throughput of construction activities in countries such as Chile, Brazil, and Argentina. The Asia Pacific region contributes to the market growth with China, Japan, India, Australia, and South Korea being major contributors. This growth can be attributed to rapid urbanization, growing construction industries in emerging markets, and increased infrastructure investments under various government initiatives.
Market Segmentation & Coverage:
This research report categorizes the Construction Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Concrete Mixers, Construction Vehicles, Earth Moving Equipment, Heavy-Duty Pumps, Hot Mix Plants, Material Handling Equipment, Road Making Machines, Stone Crushers, and Tunneling & Handling Equipment. The Construction Vehicles is further studied across Dumpers, Tippers, and Trailers. The Earth Moving Equipment is further studied across Backhoe, Bulldozers, Crawler Loaders, Excavators, Loaders, Motor Graders, Motor Scrapers, Skid Steer Loaders, Trenchers, and Wheeled Loading Shovel. The Material Handling Equipment is further studied across Conveyers, Cranes, Forklifts, and Hoists. The Road Making Machines is further studied across Road Rollers and Slurry Seal Machines. The Hot Mix Plants is projected to witness significant market share during forecast period.
Based on Power Source, market is studied across Diesel, Electric, and Hybrid. The Hybrid is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial, Industrial, and Residential. The Residential is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.31% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Construction Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Construction Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Construction Equipment Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, Action Construction Equipment Ltd., AHERN RENTALS, AIS Construction, AKTIO Corporation, Ashtead Group plc, Associated Supply Company, Inc., Atlas Copco, Boels Verhuur B.V., Caterpillar Inc., Century Equipment Company by Sandhills Global, Inc., Chicago Metal Fabricators, CJD Equipment, CNH Industrial America LLC, ConInfra Machinery Pvt Ltd., D.W. Lift Sales, Inc., Deere & Company, Dynapac Compaction Equipment AB, Escorts Limited by Kubota Corporation, FIORI GROUP S.p.A., H&E Equipment Services, Inc., Herc Rentals Inc., Hidromek, Hitachi Ltd., Hoffman Equipment Co., Hoppt Australia Pty. Ltd., Hyundai Doosan Infracore by Hyundai Heavy Industries Group, J C Bamford Excavators Ltd., Kanamoto Co., Ltd., Kiloutou Group, KOBE STEEL, LTD., Kobelco Construction Machinery Co., Ltd., Komatsu Ltd., Kubota Australia Pty. Ltd., Landex, Larsen & Toubro Limited, Liebherr-International Deutschland GmbH, Manitou BF, Maxim Crane Works, L.P., Multiquip Inc., Rentquip Canada Limited, Rhino Equipment Group, SANY America Inc., Schaeffler (UK) Ltd., Sugam Infrastructure Limited, Sumitomo Heavy Industries, Ltd., United Rentals, Inc., Vertu Equipment, Westerra Equipment by Wesgroup Equipment company, and XCMG Group.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Construction Equipment Market, by Type
7. Construction Equipment Market, by Power Source
8. Construction Equipment Market, by End-Use
9. Americas Construction Equipment Market
10. Asia-Pacific Construction Equipment Market
11. Europe, Middle East & Africa Construction Equipment Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Construction Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Construction Equipment Market?
3. What is the competitive strategic window for opportunities in the Construction Equipment Market?
4. What are the technology trends and regulatory frameworks in the Construction Equipment Market?
5. What is the market share of the leading vendors in the Construction Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Construction Equipment Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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