The major contributing factor for the growth of the market for
Construction Equipment & Heavy Equipment can be increasing urbanization and
industrialization in the developing regions.
Market Size – USD 142.3 billion in 2018, Market Growth - CAGR of
4.02%, Market Trends - rise of small-form factor in memory devices.
The Construction Equipment
& Heavy Equipment Market is expected to
grow from USD 142.3 billion in 2018 to USD 196.4 billion by 2026, at a CAGR of
4.02% during the forecast period. High demand of construction and heavy
equipment from the infrastructure sector, due to rising construction
activities, increase in government investment due to rising demand in
residential segment, and urbanization and economic growth in the developing
countries are some of the driving factors of the market.
High initial investment, repairing costs and maintenance costs,
issues regarding export of machinery across the globe, and concerns regarding
future residual values and depreciation may restrain the growth of the
Construction Equipment & Heavy Equipment market.
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Further key findings from the report suggest
- The Construction Equipment
& Heavy Equipment market is segmented by machinery type into
earthmoving equipment, material handling, heavy construction vehicles, and
others. The earth moving equipment are expected to witness highest growth
of approx. CAGR of 5.15% during the forecast period, due to its low
operating costs, and emerging technologies in the field, such as smart and
internet-enabled intelligent excavators.
- The Construction Equipment
& Heavy Equipment market is segmented by application into excavation
& demolition, heavy lifting, tunneling, material handling, and
recycling & waste management. Excavation and demolition is expected to
witness highest growth of CAGR 4.83% during the forecast period, since it delivers
improvised outputs, performance, and efficiency along with being
cost-effective. Moreover, excavators are used for rescue in natural
calamities and mining activities of metals and minerals as well, thus
contributing to the growth of the segment.
- The Construction Equipment
& Heavy Equipment market is segmented by industry verticals into
construction, oil & gas, mining, infrastructure, manufacturing and
others (forestry & agriculture). Infrastructure is expected to witness
highest growth CAGR of 4.9% during the forecast period, due to the huge
investments of the governments in the infrastructure sector. Construction
and manufacturing segments can also be expected to have a high growth in
the forecast period.
- The Construction Equipment
& Heavy Equipment Market is segmented by Geography into North,
America, Europe, Asia Pacific, Latin America and Middle East & Africa.
APAC dominates the market and is expected to witness highest growth in its
CAGR 4.8% during the forecast period, since the region comprises of the largest
developing countries, like Japan, China and India, huge investments in the
urbanization & industrialization and the growing population of this
region.
- Key players with in Construction Equipment & Heavy Equipment market Caterpillar Inc., CNH Industrial N.V., Komatsu Ltd., AB Volvo, Hitachi Construction Machinery Co. Ltd., JC Bamford Excavators Ltd. (JCB), Hyundai Heavy Industries Co. Ltd., Liebherr Group, Doosan Infracore Co. Ltd and Terex Corporation
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Equipment And Heavy Equipment Market report covered with tables
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For the purpose of this report, the market has been segmented on
the basis of machinery type, applications, industry verticals, and regional
analysis.
- Construction Equipment &
Heavy Equipment Market by machinery type (Revenue, USD Million; 2018-2026)
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
- Others
- Construction Equipment &
Heavy Equipment Market by applications (Revenue, USD Million; 2018-2026)
- Excavation & Demolition
- Heavy Lifting
- Material Handling
- Recycling & Waste
Management
- Tunneling
- Construction Equipment &
Heavy Equipment Market, by industry verticals (Revenue, USD Million;
2018-2026)
- Construction
- Oil & Gas
- Mining
- Infrastructure
- Manufacturing
- Others (Forestry &
Agriculture)
- Construction Equipment & Heavy Equipment Market Regional Outlook (Revenue, USD Million; 2018-2026)
- North America
- US
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Latin America
- Brazil
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