The construction equipment market is projected to reach USD 250.4 Billion by 2026 from USD 208.3 billion in 2021, at a CAGR of 3.8% during the forecast period. The growth of this market is fuelled by increase in infrastructure investments post-COVID-19 pandemic is likely to fuel the demand for construction equipment and increasing investments in urban infrastructure are expected to drive the construction sector, and thereby is expected to boost the construction equipment market during the forecast period.
The CNG/LNG/RNG market in construction equipment market to be the fastest-growing market Natural gas is more environment-friendly than diesel and gasoline.It produces 25% less sulfur, nitrogen, and carbon pollutants.
Natural gas has methane as its primary component, with traces of ethane, propane, butane, and nitrogen.Natural gas engines burn cleaner than other engines and have minor differences from their diesel counterparts.
Natural gas engines also produce less noise and vibrations, thereby increasing operator comfort. Liquefied natural gas (LNG) is mostly methane that has been cooled down to convert it into liquid form.Renewable natural gas (RNG) is a natural gas produced from organic waste materials such as food waste, garden and lawn waste, and animal and plant waste.
It is also produced from degraded carbon wastes such as paper, carboard, and wool.Biogas is produced from organic wastes, and it is cleaned and conditioned to remove non-methane elements.
According to California Resource Board, RNG from landfill-diverted food and green waste can reduce greenhouse gas emissions by 125%, and RNG from dairy manure can result in a 400% reduction in greenhouse gas emissions on replacing traditional vehicle fuels.It produces 70% lesser greenhouse gases than diesel or gasoline, making it the most environment-friendly fuel.
It is also economical compared with diesel and gasoline. Natural gas is the most promising alternative fuel for construction equipment. Construction companies that offer CNG powered construction equipment are Caterpillar and JCB.
Asia pacific market plays very important role in construction equipment’s market growth Asia Pacific is expected to have the largest market share in terms of value and volume.The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects, because of which many international companies have started their manufacturing plants in this region.
Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market. • By Company Type: OEM - 70% and Rental companies - 30% • By Designation: C Level Executives - 40% and Others - 60% • By Region: North America - 15%, Europe - 20%, Middle East-15%, and Asia - 50% The global construction equipment market is dominated by global players such as Caterpillar Inc. (US), Komatsu Ltd. (Japan), Xuzhou Construction Machinery Group (XCMG) (China), Sany Heavy Industries (China), and Zoomlion (China). These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth construction equipment market.
Research Coverage: The market study covers the Construction equipment Market on the basis of equipment type, electric construction equipment by equipment type, equipment category, application, construction equipment rental market by application, emission regulation stage by aftertreatment device, propulsion type, power output, engine capacity, and region. It also covers the competitive landscape and company profiles of the major players in the construction equipment market ecosystem. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report: • The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall construction equipment market and its subsegments. • This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The report considers the present scenario of the Spain construction equipment market and market dynamics for 2022?2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Spain construction equipment market. Turkey...
289 pages •
By Asia Market Information & Development Company
• May 2022
China’s demand for Construction Equipment has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The report considers the present scenario of the Spain construction equipment market and market dynamics for the forecast period 2022?2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Spain construction equipment...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this China Construction Equipment Strategic Assessment and forecast Market Report Arizton’s report considers the present scenario of the Columbia construction equipment market and market dynamics for the forecast period 2022?2028. It covers a detailed...
The report considers the present scenario of the Qatar construction equipment market and market dynamics for 2022?2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Qatar construction equipment market. Qatar...
The report considers the present scenario of the Italy construction equipment market and market dynamics for the forecast period 2022?2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Italy construction equipment...
The construction machinery telematics market was valued at USD 1,092.38 million in 2021 and is estimated to surpass a net valuation of USD 2,148.17 million, registering a solid CAGR growth rate of 12.04% during 2022-2027. The market studied is driven by the growing demand for machinery efficiency from consumers. The high surge in the...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Thailand Construction Equipment Strategic Assessment Market Report Thailand construction equipment market is expected to grow at a CAGR of 6.34% during the forecasted period. MARKET DRIVERS Upsurge in Infrastructure...
The global machine control system market size is projected to grow from USD 4.5 billion in 2022 to USD 6.5 billion by 2027 at a CAGR of 7.7% during the forecast period. The growth of the machine control system industry is driven mainly by the elimination of bulk earthworks set out and survey pegging using machine control systems and anticipated...
133 pages •
By Asia Market Information & Development Company
• May 2022
This study focuses on China’s Construction Equipment industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s...
Construction Equipment Import
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.