Construction Equipment Market Overview, 2022-2027

The high capital-intensive investment requiring construction machineries has been a vital part of the economy globally. These equipments not only helps in decreasing the time involved in the process, but also increases the efficiency of the process with less human intervention. The work efficiency has increased quite well with the inclusion of the machineries which have made it possible for the construction contractors to complete multiple projects at a time. The need for abrupt and flawless constructions has propelled the demand in the construction equipment market across the world. The higher productivity with an optimum fuel usage is the prime factor that the customer looks for in such construction support equipments, as the investment made behind such purchase are high.

According to the report, recently titled 'Global Construction Equipment Market Outlook, 2027’; the need for abrupt and flawless constructions has propelled the demand in the construction equipment market across the world. The overall global construction market was recorded around USD 147 Billion in the year 2021, owing to the increasing demand for the infrastructural construction worldwide. The dominating earthmoving machinery sector is expected to show a decline in the market share by the forecasted period, while the road construction equipment is expected to witness prominent market growth. While the developed countries are expected to increase in demand for the material handling machineries, the economically backward governments are to shift their concentration towards road transportation development, which would be a great support the economic boost.

As the global construction equipment market is growing, the market has shown a growth at the individual regional levels too. Regionally the major shareholder for construction equipment market is Asia Pacific. The region has shown an increasing trend over the years in this segment. This increasing demand in the construction equipment industry is due to the increasing investment in the infrastructural development in the developing countries of the region. The smaller regions of Latin America and Middle East & African countries are likely to show an increase in the market share. The US accounts to the highest market share in the global equipment market as an individual country.

Since last many decades, the use of concrete and stones are popular among the road building materials due to its high durability and resistance to extreme weather conditions. The demand for these type of machinery have been in a growing pattern with the increasing need for better land connectivity among the cities and the nations which in turn is to offer a better support to economy. The increasing urban population would increase the demand of public transports and better road networks. With the help of advanced technologies, the road networks are expected to have smart concrete materials used in its constructions. This is expected to grow the demand for the more dynamic equipments that would fulfill the requirements of the contractors. On the other hand, the vertical expansion in constructions is to let the material handling machinery segment cover a market of more than 20%.

The pandemic is likely to leave the economic shaken and resulting into a fall of construction and the real estate industry. Moreover, the industry has been facing a shortage of skilled labors over the past few years. As the existing labor force is retiring due to the age factor, the industry is in struggle to fill up the positions. Even though these machineries are designed to meet the labor shortage, the operators need to be technically skilled enough to handle them.

Major Companies present in the market

Caterpillar Private Limited, CNH Industrial, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, John Deere Ltd, Kobe Steel Ltd, Komatsu Ltd., Kubota Corporation, Liebherr Group, Metso Corporation, Sandvik Mining And Rock Technology, Sany Group, Terex Corporation, Volvo Construction Equipments, XCMG Ltd., Zoomlion Co. Ltd

Considered In the Report

• Geography: Global
• Base year: 2021
• Historical year: 2016
• Estimated year: 2022
• Forecasted year: 2027

Regions covered:

• North America (USA, Canada, Mexico)
• Europe (UK, Germany, Russia, France, Spain, Italy)
• Asia Pacific (Japan, India, China, Australia)
• South America (Brazil, Argentina, Columbia)
• Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa)

Aspects Covered In the Report

• Market Size By Value for the historic time period (2016-2021)
• Market Size By Value for the forecast time period (2021-2027)
• Market Share by Application (2016, 2021 & 2027F)
• Market Share by Equipments (2016, 2021 & 2027F)
• Market Share by Region (2016, 2021 & 2027F)
• Market Share by Country (2016, 2021 & 2027F)
• Market Share by Company (2021)

Segments covered in the Report

By Application

• Earth Moving Machinery
• Material Handling Machinery
• Concrete and road construction Machinery
• Other Machinery

By Earth Moving Machinery

• Excavators
• Loaders
• Dozers
• Motor Graders

By Material Handling Machinery

• Dumper /Dump Truck/ Tippers
• Cranes (Tower Crane, Mobile Crane)
• Telescopic Handlers
• Forklift

By Concrete and Road Construction Machinery

• Cement/Transit mixers
• Compactors & Road Rollers
• Pavers/Asphalt Finishers
• Others

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.


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