Infrastructure Development's Impact On Building And Road Construction Equipment Market Driver: A Major Catalyst in the Evolution of the Building And Road Construction Equipment Market in 2025

How Is the Building And Road Construction Equipment Market Projected to Grow, and What Is Its Market Size?
The market size of building and road construction equipment has witnessed a swift expansion in the recent past. It is projected to escalate from $203.1 billion in 2024 to $225.01 billion in 2025, marking a compound annual growth rate (CAGR) of 10.8%. Factors such as economic growth, infrastructure development, urbanization, replacement, and modernization have contributed to the growth seen during the historical period.

Anticipated to experience substantial growth in the coming years, the building & road construction equipment market is projected to reach a value of $329.86 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this expected growth during the forecast period include investments in infrastructure, the advent of smart construction, sustainable construction methods, the expansion of urban areas, and the growth of the rental market. Key trends during this period are likely to include technological innovations, the use of autonomous and remote-controlled equipment, the application of digital twin technology, and a growing emphasis on customization and versatility in the sector.

What Are the Key Drivers Behind the Growth of the Building And Road Construction Equipment Market?
The growth of the building and road construction equipment market is being driven by infrastructure development in both emerging and developed nations. Governments and private enterprises in these countries are prioritizing infrastructure enhancements to bolster the GDP, cater to the needs of a growing population, accommodate urbanization levels, and enhance connectivity through the construction of highways and expressways. For example, in India, the total investment in road construction amounted to $22.4 billion, with private entities contributing 14% of the total investments. Additionally, according to the World Bank, the commitments for private sector infrastructure investment for low- and middle-income countries stood at $76.2 billion in 2022, marking a 49% growth from 2021 worldwide. The emphasis on infrastructure development by both governments and private sectors in developed and emerging countries necessitates the use of advanced equipment for construction - an approach that simplifies the process and saves time. This demand further fuels the expansion of the building and road construction equipment market.

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Who Are the Major Industry Players Fueling Building And Road Construction Equipment Market Expansion?
Major companies operating in the building and road construction equipment market include Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, ere*x Corporation, Atlas Copco Group, Deere and Company, Sany Heavy Industry Co. Ltd., Wacker Neuson SE, CNH Industrial NV, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., Wirtgen Group, Kobelco Construction Machinery Co. Ltd., Manitowoc Company Inc., Bell Equipment Ltd., Astec Industries Inc., BopparderMaschinenbau-Gesellschaft mbH, Case Construction Equipment, FAYAT Group, Gomaco Corporation Inc., HAMM AG, JLG Industries Inc., Konecranes Oyj, Kubota Corporation, LiuGong Machinery Corp. Ltd., Manitou Group, Palfinger AG, Putzmeister Holding GmbH, SennebogenMaschinenfabrik GmbH, Tadano Ltd., Takeuchi Mfg. Co. Ltd.

Which Key Developments Are Influencing the Building And Road Construction Equipment Market?
Key players in the building and road construction equipment market are honing in on the creation of cutting-edge solutions like construction excavators and forklifts to boost overall performance and efficiency at work sites. Construction excavators and forklifts denote heavy-duty machines employed for tasks such as earthmoving, material handling, and lifting at construction sites. Excavators specialize in digging and demolition, whereas forklifts manage the transportation and arrangement of materials. For example, HD Hyundai Construction Equipment, a premier equipment supplier based in South Korea, unveiled a new range of products in October 2023. These were revealed at their factory in Chakan, Pune and included excavators, wheel loaders, and electric forklifts. The excavator series included the SMART Plus Series with three models (8-ton, 14-ton, and 15-ton) designed for infrastructure projects, and the 50-ton HX520L suited for heavy-duty mining operations. Furthermore, two wheel loader models (3 tons and 5 tons) along with electric forklifts (2.5 tons and 3.0 tons) were launched to increase efficiency in material handling.

How Is the Segmentation of the Building And Road Construction Equipment Market Defined?
The building and road construction equipment market covered in this report is segmented -

1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types
2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories
3) By Application: Building Construction, Road Construction

Subsegments:
1) By Motor Graders: Crawler Graders, Wheeled Graders
2) By Road Roller: Single Drum Rollers, Double Drum Rollers, Pneumatic Rollers
3) By Wheel Loaders: Small Wheel Loaders, Medium Wheel Loaders, Large Wheel Loaders
4) By Concrete Mixer: Drum Mixers, Pan Mixers, Twin-Shaft Mixers, Volumetric Mixers
5) By Bulldozers: Crawler Bulldozers, Wheel Bulldozers
6) By Other Product Types: Backhoe Loaders, Excavators, Skid Steer Loaders, Dump Trucks, Asphalt Pavers

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What Is the Leading Region in the Building And Road Construction Equipment Market?
Asia-Pacific was the largest region in the building and road construction equipment market in 2023. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Is Covered In The Building And Road Construction Equipment Global Market Report?

- Market Size Analysis: Analyze the Building And Road Construction Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Building And Road Construction Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Building And Road Construction Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Building And Road Construction Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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