Global Construction Equipment Market (2024-2030) | Size, Share, industry, Trend, Drivers, Growth, Revenue, Outlook
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), By Regions(North America, Europe, Latin America, Asia Pacific, Middle East & Africa)and competitive landscape
| Product Code: ETC001640Construction equipment market share in Global | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Global Construction Equipment Market Highlights
| Report Name | Global Construction Equipment Market |
| Forecast Period | 2024-2030 |
| CAGR | 4.7% |
| Growing Sector | Construction |
Topics Covered in Global Construction Equipment Market Report
Global construction equipment market report comprehensively covers the market by types, by applications, and by regions. The Global Construction Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing Global 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.
Global Construction Equipment Market Synopsis:
Global Construction Equipment Market is experiencing substantial growth on account of growing infrastructure and the expansion of the construction industry over the past few years is one of the major reasons driving the demand for the construction equipment market globally. Another factor responsible for the growth in the construction equipment market is the increasing stringency of emission norms. Thus, the requirement for construction equipment has developed on account of technological advancement and modernization including railways and military operations.
According to 6wresearch, the Global Construction Equipment Market size is projected to register a growth rate (CAGR) of 4.7% during 2024-2030. The market is primarily driven by increasing urbanization and the subsequent need for infrastructure development in both developed and emerging economies. Government initiatives for public infrastructure projects, along with substantial private sector investments in commercial and residential construction activities, fuel the demand for construction equipment. Advances in construction technology, including automation and electrification, also play a crucial role in enhancing equipment efficiency and productivity, contributing to market growth. However, the market is not without its challenges.
High capital investment and maintenance costs associated with construction equipment pose significant barriers to market entry and can affect profitability for stakeholders. Additionally, the increasing emphasis on environmental regulations worldwide demands the adoption of eco-friendly equipment. On the other hand, some trends are supporting the Global Construction Equipment Market growth such as the integration of IoT (Internet of Things), AI (Artificial Intelligence), and machine learning technologies, which are revolutionizing equipment functionality, improving operational efficiency, and enabling predictive maintenance. The shift towards electric and hybrid construction machinery, in response to growing environmental concerns, represents another significant trend, offering opportunities for innovation and differentiation in a competitive market landscape.
Construction Equipment Market in Global: Key Players
The key players in the construction equipment market include
- Caterpillar Inc.
- Komatsu Ltd.
- Volvo Construction Equipment
- Terex Corporation
- Hitachi Construction Machinery Co. Ltd.
These companies have a significant market share and are actively involved in research and development to introduce innovative products to the industry.
Global Construction Equipment Market: Government Initiatives
Governments across the world are also playing an essential role in supporting the growth of the construction equipment market. International organizations such as the World Bank, the Asian Development Bank, and the International Finance Corporation are promoting infrastructure development in developing countries with their funding and loan programs. The government has also initiated the Pradhan Mantri Gram Sadak Yojana, a program aimed at building rural roads and other infrastructure. Similar programs are initiated in other countries such as the USA, China, and Germany.
Future Insights of the Global Construction Equipment Market:
The global construction equipment market share is poised to increase in the coming years, driven by technological advancements and shifting industry dynamics. Adoption rates of autonomous construction vehicles and equipment are expected to surge, propelled by advancements in technology and increasing emphasis on safety and productivity. Furthermore, the integration of advanced data analytics and cloud technologies is anticipated to optimize project management and operational efficiencies, enabling more complex constructions to be completed faster and with greater precision.
Market Segmentation by Application
According to Dhaval, Research Manager, 6Wresearch, the construction segment is dominating the market as the number of infrastructural projects is increasing and also due to leasing and renting of construction equipment in urban and urbanizing countries.
Market Segmentation by Types
Based on the types, earthmoving equipment, notably excavators and loaders, are leading the global construction equipment market. These machines are pivotal in a wide range of construction projects, from small residential renovations to large-scale infrastructure and commercial developments. The dominance of earthmoving equipment is attributed to their versatility, high efficiency, and essential role in excavating, grading, and transferring earth.
Market Segmentation by Region
Based on the region, the Asia Pacific is expected to be the largest revenue-generating market during the coming years due to the upgrading socio-economic circumstances of countries in evolving economies.
Key Attractiveness of the Report:
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and project
Key Highlights of the Report:
- Global Construction Equipment Market Outlook
- Market Size of Global Construction Equipment Market, 2023
- Forecast of Global Construction Equipment Market, 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
- Global Construction Equipment Market Trend Evolution
- Global Construction Equipment Market Drivers and Challenges
- Global Construction Equipment Price Trends
- Global Construction Equipment Porter's Five Forces
- Global Construction Equipment Industry Life Cycle
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Type for the Period 2020 – 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Construction for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Regions for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by North America for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Europe for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Latin America for the Period 2020 – 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Asia Pacific for the Period 2020 - 2030
- Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Middle East & Africa for the Period 2020 - 2030
- Global Construction Equipment Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Regions
- Global Construction Equipment Top Companies Market Share
- Global Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
- Global Construction Equipment Company Profiles
- Global Construction Equipment Key Strategic Recommendation
Market Covered:
The report offers a comprehensive study of the subsequent market segments:
By Type
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
Bulldozer
By Applications
- Construction
- Oil & Gas
- Mining
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Global Construction Equipment Market (2024-2030): FAQ
The surge in global construction activities, increased focus on infrastructure development, urbanization in emerging economies, and continuous technological innovations such as AI and IoT integration.
Future trends include increased safety measures, efficiency improvements, environmental sustainability, further adoption of cutting-edge technologies, and the broader use of 3D printing in construction.
High capital investment and maintenance costs associated with construction equipment pose and the increasing emphasis on environmental regulations worldwide demands the adoption of eco-friendly equipment.
Leading players: Caterpillar Inc., Komatsu Ltd., and Volvo Construction Equipment.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Global Construction Equipment Market Overview |
| 3.1 Global Macro Economic Indicators |
| 3.2 Global Construction Equipment Market Revenues & Volume, 2020 & 2030F |
| 3.3 Global Construction Equipment Market - Industry Life Cycle |
| 3.4 Global Construction Equipment Market - Porter's Five Forces |
| 3.5 Global Construction Equipment Market Revenues & Volume Share, By Type, 2020 & 2030F |
| 3.6 Global Construction Equipment Market Revenues & Volume Share, By Application, 2020 & 2030F |
| 3.7 Global Construction Equipment Market Revenues & Volume Share, By Regions, 2020 & 2030F |
| 4 Global Construction Equipment Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Construction Equipment Market Trends |
| 6. Global Construction Equipment Market , By Type |
| 6.1 Global Construction Equipment Market Revenues & Volume, By Cranes 2020 - 2030F |
| 6.2 Global Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F |
| 6.3 Global Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F |
| 6.4 Global Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F |
| 6.5 Global Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2020 - 2030F |
| 6.6 Global Construction Equipment Market Revenues & Volume, By Dump Trucks, 2020 - 2030F |
| 6.7 Global Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2020 - 2030F |
| 7 Global Construction Equipment Market , By Application |
| 7.1 Global Construction Equipment Market Revenues & Volume, By Construction, 2020 - 2030F |
| 7.2 Global Construction Equipment Market Revenues & Volume, By Oil and Gas , 2020 - 2030F |
| 7.3 Global Construction Equipment Market Revenues & Volume, By Mining, 2020 - 2030F |
| 8 Global Construction Equipment Market , By Regions |
| 8.1 Global Construction Equipment Market Revenues & Volume, By North America, 2020 - 2030F |
| 8.2 Global Construction Equipment Market Revenues & Volume, By Europe, 2020 - 2030F |
| 8.3 Global Construction Equipment Market Revenues & Volume, By Latin America, 2020 - 2030F |
| 8.4 Global Construction Equipment Market Revenues & Volume, By Asia Pacific, 2020 - 2030F |
| 8.5 Global Construction Equipment Market Revenues & Volume, By Middle East & Africa, 2020 - 2030F |
| 9 Global Construction Equipment Market Import-Export Trade Statistics |
| 10 Global Construction Equipment Market Key Performance Indicators |
| 11 Global Construction Equipment Market - Opportunity Assessment |
| 11.1 Global Construction Equipment Market Opportunity Assessment, By Type, 2030 |
| 11.2 Global Construction Equipment Market Opportunity Assessment, By Application, 2030 |
| 11.3 Global Construction Equipment Market Opportunity Assessment, By Countries, 2030 |
| 12 Global Construction Equipment Market - Competitive Landscape |
| 12.1 Global Construction Equipment Market Revenue Share, By Companies, 2023 |
| 12.2 Global Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
| 13 Company Profiles |
| 14 Recommendations |
| 15 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), By Regions(North America, Europe, Latin America, Asia Pacific, Middle East & Africa)and competitive landscape
| Product Code: ETC001640 | Publication Date: Jul 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global construction equipment market report comprehensively covers the market by types, applications, and regions including North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa, and by key countries. The Global construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Global construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
The report contains the following regional geographical coverage:
Global Construction Equipment Market is experiencing substantial growth on account of growing infrastructure and the expansion of the construction industry over the past few years is one of the major reasons driving the demand for the construction equipment market globally. Another factor responsible for the growth in the construction equipment market is the increasing stringency of emission norms. Thus, the requirement for construction equipment has developed on account of technological advancement and modernization including railways and military operations.
According to 6wresearch, Global Construction Equipment Market is expected to register growth during 2020-2026. All over the world governments are investing majorly in the development of infrastructure and facilities such as smart cities, metros, and airports. Increasing residential and industrial projects coupled with increasing initiatives taken by the government to develop the infrastructure is adding to the Construction Equipment Market Share. However, the outbreak of coronavirus has declined the growth of the market-leading to disruption in the supply chain.
The global construction equipment market is projected to register sound revenues in the upcoming six years backed by the rising adoption of construction equipment for construction projects such as the south-north water transport project in china and Al Maktoum international airport in Dubai where equipment is vital to ensure smooth work during construction. Moreover, the rapid growth of the mining industry in developed and developing countries globally is estimated to generate high sales revenues for the construction equipment market globally backed by a rise in the demand for extraction of minerals from the depth which is obtained through the use of construction equipment and would spur the profound growth of Global construction equipment market in the coming years.
The global construction equipment market is projected to witness substantial growth during the forecast period 2020-26F backed by rising construction activities in multiple sectors like residential and industrial in the developed and developing countries. Globally, In Asia pacific region, India and China have been playing a vital role in construction equipment demand backed by the majority of the population occupied with agricultural activities where massive use of construction equipment like tractors is leading to the use of tiling, and planting fields and ensure efficient farming is expected to support the rise in significant demand for construction equipment and would instigate the use of global construction equipment market in the upcoming six years.
The global construction equipment market is anticipated to register sound revenues in the upcoming six years on the back of the rising infrastructure development in developed and developing countries. Additionally, on the basis of the region, the Latin America construction equipment market is likely to shape the market landscape and increase in the need to adopt construction equipment, especially in the mining industry. Mexico is poised to hold the largest share in the mining industry as it is attributed as the top gold and copper exporter and is leading to bring in lucrative opportunities for the to be investors and industrialists and is expected to instigate the use of construction equipment at mining some to ensure efficient work and is estimated to shape the market landscape of Latin America construction equipment market and as a result, is expected to boost the growth of the Latin America construction market in the coming years.
Market Analysis by Region
The Asia Pacific is expected to be the largest revenue-generating market during the coming years due to the upgrading socio-economic circumstances of countries in evolving economies. Moreover, the Middle East region is anticipated to hold a leading share in the construction equipment market and grow in the coming years on account of enhancing infrastructure expenditure in this region.
Market Analysis by application
Based on applications, the construction segment is dominating the market as the number of infrastructural projects is increasing and also due to leasing and renting of construction equipment in urban and urbanizing countries. Additionally, the earthmoving segment is expected to dominate the construction equipment market during the forecast period due to its high productivity, less operating cost, and safety assurance
Key Highlights of the Report:
- Global Construction Equipment Market Overview.
- Global Construction Equipment Market Outlook.
- Historical Data of Global Construction Equipment Market Revenues & Volume for the Period 2016-2019.
- Global Construction Equipment Market Size and Global Construction Equipment Market Forecast until 2026
- Historical Data of Global Construction Equipment Market Revenues and Volume, By applications, for the Period 2016-2019
- Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By applications, until 2026
- Historical Data of Global Construction Equipment Market Revenues and Volume, By types, for the Period 2016-2019
- Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By types, until 2026
- Historical Data of North America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of North America Construction Equipment Market Revenues and Volume, until 2026
- Historical Data of Europe Construction Equipment Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Europe Construction Equipment Market Revenues and Volume, until 2026
- Historical Data of Latin America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Latin America Construction Equipment Market Revenues and Volume, until 2026
- Historical Data of Asia Pacific Construction Equipment Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Construction Equipment Market Revenues and Volume, until 2026
- Historical Data of the Middle East & Africa Construction Equipment Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of the Middle East & Africa Construction Equipment Market Revenues and Volume, until 2026
- Market Drivers and Restraints
- Global Construction Equipment Market Trends and Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Global Construction Equipment Market Share, By Players
- Global Construction Equipment Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Global Construction Equipment Market report provides a detailed analysis of the following market segments:
-
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
- Cranes
-
By Applications:
- Construction
- Oil & Gas
- Mining
- Others (Municipality, Road Construction)
-
By Regions:
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
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