Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • December 2021 •
  • 147 pages •
  • Report ID: 6197463 •
  • Format: PDF
The global construction equipment market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Also known as heavy equipment, construction equipment is designed for executing construction tasks. It is used for dozing, grading, hauling, compacting and leveling, placing materials, transferring heavy loads, and excavating and digging the ground. It comprises ditchers, bulldozers, pumps, graders, tractors, excavators, trenchers, cranes, derricks, loaders, and backhoes. It also includes pavers, scrapers, generators, pile drivers, concrete mixers, off-highway haulers and trucks, and compactors and rollers. At present, due to rising environmental concerns and the increasing need for promoting energy conservation, several players are focusing on improving the fuel consumption of construction equipment.

Construction Equipment Market Trends:
Significant growth in the construction of housing projects and commercial infrastructure on account of rapid urbanization and the increasing global population represents one of the key factors influencing the market growth. Moreover, rising automation in construction processes due to scarcity of skilled labor and increasing emphasis on minimizing the overall cost and time for project completion is contributing to market growth. Increasing investments for developing new and improving existing public infrastructure is also driving the market growth. However, the coronavirus disease (COVID-19) outbreak severely impacted the construction industry. This can be accredited to the imposition of lockdown restrictions in numerous countries and the increasing adoption of social distancing practices to prevent the pandemic from spreading. With the gradual removal of these restrictions, construction projects have resumed across the globe, which is anticipated to stimulate the market growth. Additionally, several manufacturers are developing eco-friendly equipment to meet stringent guidelines on noise emissions. They are also integrating telematics and safety technologies like lift assist and touchscreen infotainment systems to deliver enhanced operational capabilities, which is projected to create a favorable market outlook.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global construction equipment market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on solution type, equipment type, type, application and industry.

Breakup by Solution Type:
Products
Services

Breakup by Equipment Type:
Heavy Construction Equipment
Compact Construction Equipment

Breakup by Type:
Loader
Cranes
Forklift
Excavator
Dozers
Others

Breakup by Application:
Excavation and Mining
Lifting and Material Handling
Earth Moving
Transportation
Others

Breakup by Industry:
Oil and Gas
Construction and Infrastructure
Manufacturing
Mining
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG. Key Questions Answered in This Report:
How has the global construction equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global construction equipment market?
What are the key regional markets?
What is the breakup of the market based on the solution type?
What is the breakup of the market based on the equipment type?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global construction equipment market and who are the key players?
What is the degree of competition in the industry?