AUTOMOTIVE & TRANSPORTATION
Global Heavy Construction Equipment Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Heavy Construction Equipment Market, By Machinery Type (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, and Others), Propulsion Type (Diesel, CNG/LNG/RNG, and Electric), Engine Capacity (<5L, 5-10L, and >10L), Power Output (<100 HP, 101-200 HP, 201-400 HP, and >400 HP), Application (Material Handling, Transportation, Excavation & Demolition, Heavy Lifting, Tunnelling, Recycling & Waste Management, and Others), End-Use (Mining, Infrastructure, Building & Construction, Forestry & Agriculture, and Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global heavy construction equipment market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Heavy construction equipment refers to large, powerful machines designed for use in various construction projects, infrastructure development, mining, and other industrial applications. These machines are typically utilized for tasks that require significant earthmoving, lifting, hauling, or compacting capabilities.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Infrastructure investment
- Urbanization and population growth
RESTRAINTS
- Supply chain disruptions
- Economic uncertainty
OPPORTUNITIES
- Renewable energy infrastructure
- Digital construction technologies
CHALLENGES
- Technological disruption
- Lack of skilled labour
SEGMENTATION
- Machinery Type
- Earthmoving Equipment
- Excavators
- Loaders
- Dozers
- Motor Graders
- Others
- Material Handling Equipment
- Cranes
- Telescopic Handlers
- Conveyors
- Forklifts
- Heavy Construction Vehicles
- Others
- Propulsion Type
- Diesel
- CNG/LNG/RNG
- Electric
- Engine Capacity
- <5L
- 5-10L
- >10L
- Power Output
- <100 HP
- 101-200 HP
- 201-400 HP
- >400 HP
- Application
- Material Handling
- Transportation
- Excavation & Demolition
- Heavy Lifting
- Tunnelling
- Recycling & Waste Management
- Others
- End-Use
- Mining
- Infrastructure
- Building & Construction
- Forestry & Agriculture
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Caterpillar
- Volvo Group
- Komatsu
- Hitachi Construction Machinery Co Ltd
- Terex Corporation
- Liebherr AG
- Sany Heavy Industry Co Ltd
- HD Hyundai
- XCMG Group
- CNH Industrial NV
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Heavy Construction Equipment Market, by Machinery Type
- 3.2 Global Heavy Construction Equipment Market, by Propulsion Type
- 3.3 Global Heavy Construction Equipment Market, by Engine Capacity
- 3.4 Global Heavy Construction Equipment Market, by Power Output
- 3.5 Global Heavy Construction Equipment Market, by Application
- 3.6 Global Heavy Construction Equipment Market, by End-Use
- 3.7 Global Heavy Construction Equipment Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Autonomous and remote-controlled machinery
- 5.1.2 Rental and Equipment-as-a-Service (EaaS) Models
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Infrastructure investment
- 5.2.2 Urbanization and population growth
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Supply chain disruptions
- 5.3.2 Economic uncertainty
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Renewable energy infrastructure
- 5.4.2 Digital construction technologies
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Technological disruption
- 5.5.2 Lack of skilled labour
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE
- 6.1 Machinery Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- SECTION 7 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE
- 7.1 Propulsion Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- SECTION 8 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
- 8.1 Engine Capacity Summary
- 8.2 Market Attractive Index
- 8.3 Global Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- SECTION 9 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
- 9.1 Power Output Summary
- 9.2 Market Attractive Index
- 9.3 Global Heavy Construction Equipment Market, by Power Output (2019-2032)
- SECTION 10 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
- 10.1 Application Summary
- 10.2 Market Attractive Index
- 10.3 Global Heavy Construction Equipment Market, by Application (2019-2032)
- SECTION 11 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE
- 11.1 End-Use Summary
- 11.2 Market Attractive Index
- 11.3 Global Heavy Construction Equipment Market, by End-Use (2019-2032)
- SECTION 12 - GLOBAL HEAVY CONSTRUCTION EQUIPMENT MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Heavy Construction Equipment Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA HEAVY CONSTRUCTION EQUIPMENT MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- 13.4 North America Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- 13.5 North America Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- 13.6 North America Heavy Construction Equipment Market, by Power Output (2019-2032)
- 13.7 North America Heavy Construction Equipment Market, by Application (2019-2032)
- 13.8 North America Heavy Construction Equipment Market, by End-Use (2019-2032)
- 13.9 North America Heavy Construction Equipment Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE HEAVY CONSTRUCTION EQUIPMENT MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- 14.4 Europe Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- 14.5 Europe Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- 14.6 Europe Heavy Construction Equipment Market, by Power Output (2019-2032)
- 14.7 Europe Heavy Construction Equipment Market, by Application (2019-2032)
- 14.8 Europe Heavy Construction Equipment Market, by End-Use (2019-2032)
- 14.9 Europe Heavy Construction Equipment Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC HEAVY CONSTRUCTION EQUIPMENT MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- 15.4 Asia-Pacific Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- 15.5 Asia-Pacific Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- 15.6 Asia-Pacific Heavy Construction Equipment Market, by Power Output (2019-2032)
- 15.7 Asia-Pacific Heavy Construction Equipment Market, by Application (2019-2032)
- 15.8 Asia-Pacific Heavy Construction Equipment Market, by End-Use (2019-2032)
- 15.9 Asia-Pacific Heavy Construction Equipment Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA HEAVY CONSTRUCTION EQUIPMENT MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- 16.4 South America Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- 16.5 South America Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- 16.6 South America Heavy Construction Equipment Market, by Power Output (2019-2032)
- 16.7 South America Heavy Construction Equipment Market, by Application (2019-2032)
- 16.8 South America Heavy Construction Equipment Market, by End-Use (2019-2032)
- 16.9 South America Heavy Construction Equipment Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA HEAVY CONSTRUCTION EQUIPMENT MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Heavy Construction Equipment Market, by Machinery Type (2019-2032)
- 17.4 Middle East and Africa Heavy Construction Equipment Market, by Propulsion Type (2019-2032)
- 17.5 Middle East and Africa Heavy Construction Equipment Market, by Engine Capacity (2019-2032)
- 17.6 Middle East and Africa Heavy Construction Equipment Market, by Power Output (2019-2032)
- 17.7 Middle East and Africa Heavy Construction Equipment Market, by Application (2019-2032)
- 17.8 Middle East and Africa Heavy Construction Equipment Market, by End-Use (2019-2032)
- 17.9 Middle East and Africa Heavy Construction Equipment Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Heavy Construction Equipment Market, Company Share Analysis
- 18.2 North America Heavy Construction Equipment Market, Company Share Analysis
- 18.3 Europe Heavy Construction Equipment Market, Company Share Analysis
- 18.4 Asia-Pacific Heavy Construction Equipment Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Caterpillar
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Volvo Group
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Komatsu
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Hitachi Construction Machinery Co Ltd
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Terex Corporation
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Liebherr AG
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Sany Heavy Industry Co Ltd
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 HD Hyundai
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 XCMG Group
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 CNH Industrial NV
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.