Global Construction Equipment

Global Construction Equipment Market Research Report: Forecast (2022-2027)

By Type of Equipment (Earthmoving Equipment, Material Handling, Road Building & Concrete), By Type of Product (Excavator, Backhoe Loader, Grader, Skid Steer Loaders, Bulldozer, Trenchers, Road Roller, Read more

  • Buildings, Construction, Metals & Mining
  • Dec 2021
  • 193
  • BM10201

Market Overview

Construction equipment is specially designed machinery that carries out heavy-duty operations in the construction sector with high efficiency & in minimal time. With the growing number of construction & development projects worldwide, many contractors and construction companies are augmenting the demand for this equipment to speed up the project without compromising safety & security.

The most common varieties of construction equipment include excavators, loaders, bulldozers, skid steer loaders, motor graders, crawler loaders, trenchers, dump trucks, cranes, forklifts, tippers, road rollers, & diesel generators, among others. Hence, as the construction industry is growing astronomically in response to the tremendous demand for infrastructure development from emerging economies, the demand for construction equipment is expected to continue growing in the coming years.

Market Insights

The Global Construction Equipment Market is projected to grow at a CAGR of around 5% during the forecast period, i.e., 2022-27. The market is driven by an exponentially rising population & growing government focus on infrastructural development to facilitate & habituate the public. It is also demonstrating a swift rise in construction activities and an upsurging demand for different construction equipment.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 5%
Regions Covered North America: The United States, Canada, Mexico
Europe: The UK, Germany, France, Russia & CIS, Rest of Europe
Asia-Pacific: India, China, Japan, South East Asia, Others
South America: Brazil, Chile, Argentina, Others
Middle East & Africa: Saudi Arabia, UAE, Qatar, Kuwait, Nigeria, South Africa, Rest of Middle East
Key Companies Profiled Caterpillar, Volvo, Komatsu, CNH Industrial, Liebherr, Hitachi Construction, John Deere, Doosan, JCB, Terex, Others
Unit Denominations USD Million/Billion

 

In addition, governments of various countries are actively participating in the industry through investments & initiatives associated with development & construction across sectors like residential, commercial, & industrial, among others. It, in turn, is generating growth opportunities for the players to increase their production & distribution capacities for construction equipment & cater to the burgeoning demands globally. Since this equipment enables speeding up the process & successful completion of the project, different equipment like Earthmoving Equipment, Material Handling Equipment, & other construction equipment like road rollers & diesel generators, among others, are gaining popularity & demand across locations. For instance:

  • Back in November 2018, prominent player, Caterpillar Inc. introduced a Next Generation D6 dozer, which has 35% more fuel efficiency & better agility than prior models, aiding in various development & construction projects. The brand is further bringing exciting offerings for the customers to maintain brand loyalty & attain profitable growth in the coming years.

Besides, owing to the benefits of quicker task completion, minimal utilization of human power, and cost-effectiveness, several manufacturers are introducing new equipment integrating advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML), among others. It is principally to bring automation & efficiency to construction & development projects & stimulating the overall industry growth worldwide. Moreover, many countries like India across regions like Asia-Pacific are emerging as opportunity areas for the players owing to the mass-scale domestic markets & rapid infrastructure development activities, exemplifying a long-term demand for construction equipment.

Hence, many players are diverting their product offerings to these regions & establishing production units to attain the highest revenue profits. In the same view, many Public-Private-Partnerships (PPP) are also observed across locations to widen the consumer base & brand visibility and attain a competitive edge in the industry. For this, many players are demonstrating product upgrades to expand the equipment applicability across sectors like mining, forestry, agriculture, waste management, and material handling, among others, and drive the market through 2027. For instance:

  • In January 2021, prominent player Komatsu Ltd. signed a joint development agreement with Honda Motor Co., Ltd to focus on electrifying Komatsu’s PCO1 micro excavators. The venture also focuses on establishing a battery-sharing system that uses Honda’s Mobile Power Pack (MPP) batteries in different construction equipment & other civil engineering & construction equipment industries.

Key Trends in the Global Construction Equipment Market

  • Availability of Construction Equipment on Rental Basis

Since many contractors understand the high investment cost for construction equipment comes with additional expenses like maintenance, repairs, transportation, and project duration-based requirements, among others, many of them are now procuring construction equipment on a rental basis for the duration of the project. In this way, they can mitigate additional costs and instead invest them in other endeavors.

It, in turn, is also instigating construction equipment owners to offer rental services to contractors and gaining more traction in the industry by making higher profits across locations. According to Construction Equipment Rental Association (CERA), countries like China & India are anticipated to demonstrate a surging demand for rental services for construction equipment, backed by the increasing number of development & construction projects during the forecast period.

  1. Research Basics
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Global Construction Equipment Market Voice of Customer
    1. Brand Awareness
    2. End User Expectation
    3. Key Factors Impacting Vendor Selection
    4. Key Issues Encountered
    5. Vendor’s Receptiveness to Address Key Customer Issues
    6. Future Requirements
  5. Global Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
        1. Earthmoving Equipment
          1. Excavator
          2. Loaders
          3. Bulldozers
          4. Skid Steer Loaders
          5. Motor Graders
          6. Crawler Loader
          7. Trenchers
          8. Dump trucks
          9. Others
        2. Material Handling Equipment
          1. Cranes
          2. Forklift
          3. Tipper
          4. Others
        3. Other Construction Equipment
          1. Road Roller
          2. Diesel Generator
          3. Others
      2. By Application
        1. Power & Utilities
        2. Mining
        3. Hospitality
        4. Residential
        5. Healthcare & Educational
        6. Roads & Highways
        7. Manufacturing Units
        8. Others
      3. By Power Output
        1. Less than 100 HP
        2. 101-200 HP
        3. 201-400 HP
        4. More than 400 HP
      4. By Propulsion
        1. Diesel
        2. Gas
        3. Others
          1. CNG
          2. LNG
          3. Electric
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East
        5. Africa
        6. Asia Pacific
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  6. North America Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. The United States
        2. Canada
        3. Mexico
  7. The United States Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  8. Canada Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  9. Mexico Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  10. South America Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. Brazil
        2. Chile
        3. Argentina
  11. Brazil Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  12. Chile Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  13. Argentina Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  14. Europe Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. The UK
        2. Germany
        3. France
        4. Russia & CIS
        5. Rest of Europe
  15. The UK Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  16. Germany Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  17. France Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  18. Russia & CIS Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  19. Middle East Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. Rest of Middle East
  20. Saudi Arabia Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  21. UAE Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  22. Qatar Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  23. Kuwait Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  24. Africa Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. South Africa
        2. Nigeria
        3. Rest of Africa
  25. South Africa Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  26. Nigeria Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  27. Asia Pacific Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Country
        1. China
        2. India
        3. Japan
        4. South East Asia
        5. Rest of Asia Pacific
  28. China Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  29. India Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  30. Japan Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  31. ASEAN Construction Equipment Market Outlook, 2017-2027F
    1. Market Potential & Analysis
      1. Market Revenue
      2. Units Sold
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Application
      3. By Power Output
      4. By Propulsion
      5. By Region
  32. Global Construction Equipment Market Trends & Insights
  33. Global Construction Equipment Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  34. Global Construction Equipment Market Hotspot & Opportunities
  35. Global Construction Equipment Market Key Strategic Imperatives for Success & Growth
  36. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Specialization
      3. Target Markets
      4. Target End Users
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Caterpillar
      2. Volvo
      3. Komatsu
      4. CNH Industrial
      5. Liebherr
      6. Hitachi Construction
      7. John Deere
      8. Doosan
      9. JCB
      10. Terex
  37. Disclaimer
Global Construction Equipment Market Segmentation
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