Global Construction Equipment Market Size, Trends & Growth Opportunity, By Equipment Type (Cranes, Telescopic Handler, Excavator, Loader and Backhoe, Motor Grader, Other), By Drive Type (Hydraulic, Electric and Hybrid) By Region and Forecast till 2027.
Report ID : QR1001460 | Industries : Automotive and Transportation | Published On :March 2022 | Page Count : 224Global Construction Equipment Market
The global Construction Equipment market was valued at USD 208.3 billion in 2020 which expected to reach USD 250.4 Billion by 2027 at a CAGR 3.8% from 2020-2027.
Construction equipment is specially designed machinery that is used to carry out construction tasks. These machines are used for a variety of tasks such as drilling, hauling, excavating, paving, and grading. The global construction equipment market spans multiple industries, including construction and infrastructure, manufacturing, and oil and gas.
Market Drivers
Increased infrastructure investments in the aftermath of the COVID-19 pandemic
Construction is one of the industries that has been severely impacted by the COVID-19 pandemic. Global sales of construction equipment have declined. Infrastructure investments, residential, commercial, and industrial construction, mine and well construction, and institutional spending are all factors influencing construction equipment manufacturers.
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Market Restraints
Projects involving construction equipment have a lower deal value.
The COVID-19 pandemic has had a significant impact on the construction and infrastructure sectors, posing a wide range of challenges that are expected to impede ongoing projects and reduce new infrastructure investments globally. Uncertainty of recovery from the pandemic has hampered the confidence of investors, thereby affecting the sales of construction equipment.
COVID-19 Impact on the Construction Equipment Market
The pandemic of COVID-19 had a significant impact on the construction equipment market. Because of the pandemic, almost all countries went into lockdown, and construction work was halted. The majority of construction projects were cancelled or delayed. The pandemic affected the construction industry, as well as other industries, and the supply chain was severely impacted. However, with the resumption of construction activities in the second half of the year, the industry began to show signs of improvement in many geographies around the world.
Market Segmentation
The Global Construction Equipment Market is segmented into Product. By EquipmentType such as Cranes, Telescopic Handler, Excavator, Loader and Backhoe, Motor Grader, Other. By Drive Type such as Hydraulic, Electric and Hybrid
Regional Analysis
Global Construction Equipment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Construction Equipment market. The Asia-Pacific region leads the construction equipment market, with China, India, and Japan accounting for a sizable market share. The progress of China's South-North water transfer plant project, which is expected to be completed by 2050, will deploy various construction machinery either through leasing or ownership, increasing demand for construction machinery over the next three decades.
The increasing number of dam constructions, real-estate business, commercial and residential complexes, and the expansion of rail and road infrastructure in the APAC region are a few of the market drivers for construction machinery.
Key Players
Various key players are listed in this report such as AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co. Ltd., Hitachi Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG).
Market Taxonomy
By Equipment Type
- Cranes
- Telescopic Handler
- Excavator
- Loader and Backhoe
- Motor Grader
- Other
By Drive Type
- Hydraulic
- Electric and Hybrid
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Construction Equipment Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Construction Equipment Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Construction Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Construction Equipment Market, By Equipment Type
5.1 Y-o-Y Growth Comparison, By Equipment Type
5.2 Global Construction Equipment Market Share Analysis, By Equipment Type
5.3 Global Construction Equipment Market Size and Forecast, By Equipment Type
5.3.1 Cranes
5.3.2 Telescopic Handler
5.3.3 Excavator
5.3.4 Loader and Backhoe
5.3.5 Motor Grader
5.3.6 Other
6 Global Construction Equipment Market, By Drive Type
6.1 Y-o-Y Growth Comparison, By Drive Type
6.2 Global Construction Equipment Market Share Analysis, By Drive Type
6.3 Global Construction Equipment Market Size and Forecast, By Drive Type
6.3. 1 Hydraulic
6.3.2 Electric and Hybrid
7 Global Construction Equipment Market, By Region
7.1 Global Construction Equipment Market Share Analysis, By Region
7.2 Global Construction Equipment Market Share Analysis, By Region
7.3 Global Construction Equipment Market Size and Forecast, By Region
8 North America Construction Equipment Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Construction Equipment Market Share Analysis, By Equipment Type
8.3 North America Construction Equipment Market Size and Forecast, By Drive Type
8.4 North America Construction Equipment Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Construction Equipment Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Construction Equipment Market Share Analysis, By EquipmentType
9.3 Europe Construction Equipment Market Size and Forecast, By Drive Type
9.4 Europe Construction Equipment Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Construction Equipment Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Construction Equipment Market Share Analysis, By Equipment Type
10.3 Asia Pacific Construction Equipment Market Size and Forecast, By Drive Type
10.4 Asia Pacific Construction Equipment Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Construction Equipment Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Construction Equipment Market Share Analysis, By Equipment Type
11.3 Latin America Construction Equipment Market Size and Forecast, By Drive Type
11.4 Latin America Construction Equipment Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Construction Equipment Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Construction Equipment Market Share Analysis, By Equipment Type
12.3 Middle East Construction Equipment Market Size and Forecast, By Drive Type
12.4 Middle East Construction Equipment Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 AB Volvo
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Caterpillar Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. CNH Industrial N.V
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Deere & Company
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Doosan Infracore Co. Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hitachi Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 J C Bamford Excavators Ltd
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Komatsu Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Liebherr-International AG
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Xuzhou Construction Machinery Group Co., Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategie