By Types(Mobile Cranes, Construction Tractor and Bulldozer, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment) By Applications(Corporate Enterprise, Oil and Gas, Mining ,Others (Municipality and Road Construction))
Product Code: ETC001642 | Publication Date: Dec 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia construction equipment market report comprehensively covers the market by types and applications. The Australia construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Australian construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia construction equipment market has witnessed substantial growth over the past few years due to its high productivity, and growing infrastructure activities such as smart cities, railways, highways, and other public and private facilities. The developing construction industry and rising government expenditure for further investments are the major reasons boosting the demand for the Australian construction equipment market. Additionally, Australia is aiming to expand the construction equipment market by opening doors for foreign companies in the upcoming years.
According to 6wresearch, Australia Construction Equipment Market size is estimated to rise at a CAGR of 3.10% during 2025-2031. Population growth is the most significant driver for the Australian construction equipment market. The country's population is projected to reach 40 million by 2050, and this growth will push the demand for construction equipment for residential and commercial construction. Infrastructure development is another key driver for the market, particularly for roads, airports, and ports. Experts estimate that Australia needs $600 billion of infrastructure investments by 2030, and this creates tremendous potential for the construction equipment industry.
The construction industry is capital intensive, and a significant challenge for the Australian equipment market is the cost of financing. The high prices of equipment and machinery contribute to financing issues, and this creates barriers to entry for small businesses. Another challenge is that Australia lags in the adoption of new equipment technologies compared to other countries, such as Europe and North America. This puts the Australian market at a disadvantage in terms of productivity and cost competitiveness.
The Australian construction equipment market is highly competitive with several players, both local and international. Some of the major companies dominating the market include Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, and Liebherr Group. These companies offer equipment such as excavators, bulldozers, backhoes, and other machinery used in the construction industry for earthmoving, material handling, and paving.
The Australian government has implemented policies that create opportunities for the construction equipment industry. For example, the government's infrastructure plans include significant investment in roads, rail, and other public infrastructure to drive economic growth. The federal government has also introduced tax incentives to encourage small and medium-sized businesses to invest in new equipment, which helps improve productivity and competitiveness. The Australian government has also established regulations that promote the adoption of environmentally friendly equipment, such as electric vehicles, in the construction industry.
According to Dhaval, Research Manager, 6Wresearch, the Dump truck segment is expected to lead the Australia construction equipment market as it is less time-consuming, reduces labor costs, and is used at construction and mining sites in capital-intensive projects. Furthermore, the demand for a Dump truck is increasing due to the growing mining and construction industry during the forecast period.
The construction segment accounts for the largest share of the Australian construction equipment market, driven by an increase in new building construction and the upgradation of existing infrastructure.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Construction Equipment Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Construction Equipment Market Revenues & Volume, 2021&2031F |
3.3 Australia Construction Equipment Market - Industry Life Cycle |
3.4 Australia Construction Equipment Market - Porter's Five Forces |
3.5 Australia Construction Equipment Market Revenues & Volume Share, By Type, 2021&2031F |
3.6 Australia Construction Equipment Market Revenues & Volume Share, By Application 2021&2031F |
4 Australia Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Construction Equipment Market Trends |
6. Australia Construction Equipment Market , By Type |
6.1 Australia Construction Equipment Market Revenues & Volume, By Mobile Cranes 2021-2031F |
6.2 Australia Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2021-2031F |
6.3 Australia Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2021-2031F |
6.3 Australia Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2021-2031F |
6.3 Australia Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2021-2031F |
6.3 Australia Construction Equipment Market Revenues & Volume, By Dump Trucks, 2021-2031F |
6.3 Australia Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2021-2031F |
7 Australia Construction Equipment Market , By Application |
7.1 Australia Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2021-2031F |
7.2 Australia Construction Equipment Market Revenues & Volume, By Oil and Gas , 2021-2031F |
7.3 Australia Construction Equipment Market Revenues & Volume, By Mining, 2021-2031F |
7.3 Australia Construction Equipment Market Revenues & Volume, By Others 2021-2031F |
8 Australia Construction Equipment Market Import-Export Trade Statistics |
8.1 Australia Construction Equipment Market Export to Major Countries |
8.2 Australia Construction Equipment Market Imports from Major Countries |
9 Australia Construction Equipment Market Key Performance Indicators |
10 Australia Construction Equipment Market - Opportunity Assessment |
10.1 Australia Construction Equipment Market Opportunity Assessment, By Type, 2031 |
10.2 Australia Construction Equipment Market Opportunity Assessment, By Application, 2031 |
11 Australia Construction Equipment Market - Competitive Landscape |
11.1 Australia Construction Equipment Market Revenue Share, By Companies, 2024 |
11.2 Australia Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |
Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers,Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape
Product Code: ETC001642 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Australia construction equipment market has witnessed substantial growth over the past few years due to its high productivity, growing infrastructure activities such as smart cities, railway, highways, and other public and private facilities. The developing construction industry and rising government expenditure for further investments are the major reasons boosting the demand for the Australia construction equipment market. Additionally, Australia is aiming to expand the construction equipment market by opening doors for foreign companies in the upcoming years.
According to 6wresearch, Australia Construction Equipment Market is expected to grow during 2020-2026. The construction equipment market of Australia is aiming to adopt advance and new technologies on account of an increase in productivity and low emission. Moreover, the growing infrastructure of the urban areas in the residential and non-residential sectors is driving the demand for construction equipment in Australia. The construction application segment is anticipated to hold the Australia construction equipment market share in the coming years due to its growing infrastructure activities and enhancing industrialization.
On the basis of types, the Dump truck segment is expected to lead the Australia construction equipment market as it is less time consuming, reduces labor cost, and used at constructional and mining sites in capital intensive projects. Furthermore, the demand for a Dump truck is increasing due to the growing mining and construction industry during the forecast period.
The Australia construction equipment market report comprehensively covers the market by types and applications. The Australia construction equipment market outlook report provides an unbiased and detailed analysis of the on-going Australia construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Australia construction equipment market is expected to register sound revenues in the coming years on the back of the rising adoption of hiring construction equipment owing to low maintenance cost along with slow depreciation and obsoletion of the construction equipment which is encouraging investors and contractors to invest in high-cost equipment in performing construction task which is estimated to spur the use of construction equipment in the coming years. Moreover, rising industrialization such as the expansion of the mining and oil & gas industry coupled with an increase in the use of construction equipment in order to perform essential activities like extraction of minerals & coal and petrol or diesel is expected to spur the profound growth of Australia construction equipment market.
Australia Construction Equipment Market is projected to gain momentum in the upcoming six years on the back of the rising potential growth of the mining sector in the country underpinned by rising mining constructional projects such as the Australian Vanadium Project, Central Eyre Iron Project, and Chandler salt mine and storage facility this construction endeavor had been taken place in the country is estimated to leave a positive impact over the market and concurrently are estimated to propel significant demand for construction equipment and would benefit the Australia Construction Equipment Market register proliferation in the upcoming six years.
Australia construction equipment market is anticipated to register sound revenues in the coming timeframe on the back of the rising e-commerce sales with advanced internet access in the country, where some online platform expanding their network and simultaneously increase in the diversification of warehouse setups which is leading to accelerating the use of forklifts to manage the inventory and is likely to pose a strong growth of transportation industry, which is expected to leave a favorable impact in the coming timeframe and is expected to bolster the tremendous growth of Australia construction equipment market in the upcoming six years.
Key Highlights of the Report:
Markets Covered
The Australia Construction Equipment Market report provides a detailed analysis of the following market segments: