Heavy Construction Equipment Market Projected to Hit US$ 298.24 Billion by 2032, to grow at a CAGR of 4.40% | PMR

The global Heavy Construction Equipment Market was valued at USD 202.95 billion in 2023 to USD 298.24 billion by 2032, disclosing a CAGR of 4.40% during the forecast period of 2024-2032.

According to a new market research report published by Polaris Market Research, the global Heavy Construction Equipment Market is expected to grow at a CAGR of 4.40% from 2024 to 2032. The growing usage of heavy construction equipment by several end-use industries involving mining, construction, oil and gas, manufacturing, forestry, and framework is anticipated to drive market expansion.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/heavy-construction-equipment-market/request-for-sample

Heavy construction equipment, frequently known as heavy machinery, indicates heavy-duty automobiles that are particularly structured to finish construction vehicles, most normally earth work functioning or other notable construction estimates. Performance, haulage, framework, power train, regulation, and details are the five apparatuses detected in the majority of heavy equipment. It operates by multiplying the correlation of input power distributed to the power exercised, permitting operations that would or else need countless people and weeks of endeavor to be completed in a snippet of time.

The market is witnessing robust growth due to heavy construction apparatus such as excavators, loaders, and others important for mining investigation. The governments of nations situated in Latin America are massively concentrating on enhancing the mining sector to realize the surge in the need for metals and ores.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Caterpillar Inc.
• CNH Industrial N.V.
• Deere & Company
• Doosan Infracore Co Ltd.
• Hitachi Construction Machinery Co. Ltd.
• J C Bamford Excavators Ltd.
• Kobelco Construction Machinery Co. Ltd.
• Komatsu Ltd.
• Liebherr International AG
• SANY Group Co. Ltd.
• Volvo Group
• Wacker Neuson Linz GmbH
• XCMG Group
• Zoomlion Heavy Industry Science and Technology Co. Ltd.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2844/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The market for heavy construction equipment is primarily segmented based on type, application end-user, and region. By type analysis, the material handling equipment segment is expected to witness the highest growth due to the industry's rising concentration on workroom security and artisan well-being and recuperation. And, by application analysis, the excavation and demolition segment accounted for the largest heavy construction equipment market share as manufacturers have advanced enhanced solutions such as several excavators and clearance machines for particular needs.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/heavy-construction-equipment-market

𝐇𝐞𝐚𝐯𝐲 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Material handling equipment segment is expected to grow at a highest CAGR during the projected period, on account of increasing mining activites

• Excavation & demolition segment accounted for largest market share in 2022, which is mainly driven by cost-effectiveness, higher performance, and flexibility

• Infrastructure segment held the significant market revenue share in 2022, mainly due to better fuel efficiency, and low operating costs

• Asia Pacific region dominated the market with majority share in 2022, owing to exponential growth in the technology and rising R&D investments across emerging economies

• The global key market players include Caterpillar Inc, Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd, Deere & Company, Volvo Group

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐰𝐨-𝐖𝐡𝐞𝐞𝐥𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-two-wheeler-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐁𝐢𝐤𝐞𝐬/𝐄-𝐁𝐢𝐤𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-bikes-ebikes-market

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐃𝐫𝐢𝐯𝐞𝐫 𝐀𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 (𝐀𝐝𝐚𝐬) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/advanced-driver-assistance-systems-adas-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-transporters-market

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 (𝐄𝐯) 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.