INFORMATION & COMMUNICATION TECHNOLOGY
Global Construction Equipment Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Construction Equipment Market, By Equipment Type (Articulated Dump Trucks, Asphalt Finishers, Backhoe Loaders, Crawler Dozers, Crawler Excavators, Crawler Loaders, Mini Excavators, Motor Graders, Motor Scrapers, Rigid Dump Trucks, Road Rollers, Rough Terrain Lift Truck (RTLT) Masted, Rough Terrain Lift Truck (RTLT) Telescopic, Skid-Steer Loaders, Wheeled Excavators, Wheeled Loaders <80 HP, Wheeled Loaders >80 HP, Compactors, and Pick and Carry Cranes), Equipment Category (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Equipment, and Other Equipment), Propulsion Type (ICE, Electric, and CNG/LNG), Power Output (< 100Hp, 101-200HP, 201-400HP, and >400HP), Engine Capacity (<5L, 5-10L, and > 10L), Application (Commercial, Residential, and Infrastructure), Aftertreatment Device (Diesel Oxidation Catalyst, Diesel Particulate Filter, and Exhaust Gas Recirculation Selective Catalyst Reduction), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global 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.
Construction equipment is a broad category of heavy machinery, tools, trucks, and other equipment intended and used for a variety of construction, infrastructure development, and civil engineering tasks. Excavation, earthmoving, lifting, material handling, and construction site preparation all require the use of these specialized machines. Construction equipment is critical to increasing construction efficiency, productivity, and safety.
Market Dynamics
DRIVERS
- Technological advancements
- Government initiatives and public-private partnerships
RESTRAINTS
- High initial cost
- Economic downturns and cyclical nature
OPPORTUNITIES
- Economic growth and construction spending
- Environmental regulations and sustainability
CHALLENGES
- Fluctuating raw material prices
- Stringent emission standards
SEGMENTATION
MARKET SEGMENTATION
- Equipment Type
- Articulated Dump Trucks
- Asphalt Finishers
- Backhoe Loaders
- Crawler Dozers
- Crawler Excavators
- Crawler Loaders
- Mini Excavators
- Motor Graders
- Motor Scrapers
- Rigid Dump Trucks
- Road Rollers
- Rough Terrain Lift Truck (RTLT) Masted
- Rough Terrain Lift Truck (RTLT) Telescopic
- Skid-Steer Loaders
- Wheeled Excavators
- Wheeled Loaders <80 HP
- Wheeled Loaders >80 HP
- Compactors
- Pick and Carry Cranes
- Equipment Category
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Equipment
- Other Equipment
- Propulsion Type
- ICE
- Electric
- CNG/LNG
- Power Output
- < 100Hp
- 101-200HP
- 201-400HP
- >400HP
- Engine Capacity
- <5L
- 5-10L
- > 10L
- Application
- Commercial
- Residential
- Infrastructure
- Aftertreatment Device
- Diesel Oxidation Catalyst
- Diesel Particulate Filter
- Exhaust Gas Recirculation Selective Catalyst Reduction
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments 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
- CNH Industrial America LLC.
- Deere & Company
- Doosan Corporation
- Escorts Limited
- Hitachi Construction Machinery Co., Ltd.
- Hyundai Construction Equipment Co., Ltd.
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- KUBOTA Corporation
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 Construction Equipment Market, by Equipment Type
- 3.2 Global Construction Equipment Market, by Equipment Category
- 3.3 Global Construction Equipment Market, by Propulsion Type
- 3.4 Global Construction Equipment Market, by Power Output
- 3.5 Global Construction Equipment Market, by Engine Capacity
- 3.6 Global Construction Equipment Market, by Application
- 3.7 Global Construction Equipment Market, by Aftertreatment Device
- 3.8 Global Construction Equipment Market, by Geography
- 3.9 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 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Technological advancements
- 5.2.2 Government initiatives and public-private partnerships
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial cost
- 5.3.2 Economic downturns and cyclical nature
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Economic growth and construction spending
- 5.4.2 Environmental regulations and sustainability
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Fluctuating raw material prices
- 5.5.2 Stringent emission standards
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
- 6.1 Equipment Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Construction Equipment Market, by Equipment Type (2019-2032)
- SECTION 7 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY
- 7.1 Equipment Category Summary
- 7.2 Market Attractive Index
- 7.3 Global Construction Equipment Market, by Equipment Category (2019-2032)
- SECTION 8 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE
- 8.1 Propulsion Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Construction Equipment Market, by Propulsion Type (2019-2032)
- SECTION 9 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
- 9.1 Power Output Summary
- 9.2 Market Attractive Index
- 9.3 Global Construction Equipment Market, by Power Output (2019-2032)
- SECTION 10 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY
- 10.1 Engine Capacity Summary
- 10.2 Market Attractive Index
- 10.3 Global Construction Equipment Market, by Engine Capacity (2019-2032)
- SECTION 11 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
- 11.1 Application Summary
- 11.2 Market Attractive Index
- 11.3 Global Construction Equipment Market, by Application (2019-2032)
- SECTION 12 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE
- 12.1 Aftertreatment Device Summary
- 12.2 Market Attractive Index
- 12.3 Global Construction Equipment Market, by Aftertreatment Device (2019-2032)
- SECTION 13 - GLOBAL CONSTRUCTION EQUIPMENT MARKET, BY GEOGRAPHY
- 13.1 Regional Summary
- 13.2 Market Attractive Index
- 13.3 Global Construction Equipment Market, by Geography (2019-2032)
- SECTION 14 - NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET
- 14.1 North America Summary
- 14.2 Market Attractive Index
- 14.3 North America Construction Equipment Market, by Equipment Type (2019-2032)
- 14.4 North America Construction Equipment Market, by Equipment Category (2019-2032)
- 14.5 North America Construction Equipment Market, by Propulsion Type (2019-2032)
- 14.6 North America Construction Equipment Market, by Power Output (2019-2032)
- 14.7 North America Construction Equipment Market, by Engine Capacity (2019-2032)
- 14.8 North America Construction Equipment Market, by Application (2019-2032)
- 14.9 North America Construction Equipment Market, by Aftertreatment Device (2019-2032)
- 14.10 North America Construction Equipment Market, by Country (2019-2032)
- 14.10.1 U.S.
- 14.10.2 Canada
- 14.10.3 Mexico
- 14.10.4 Rest of North America
- SECTION 15 - EUROPE CONSTRUCTION EQUIPMENT MARKET
- 15.1 Europe Summary
- 15.2 Market Attractive Index
- 15.3 Europe Construction Equipment Market, by Equipment Type (2019-2032)
- 15.4 Europe Construction Equipment Market, by Equipment Category (2019-2032)
- 15.5 Europe Construction Equipment Market, by Propulsion Type (2019-2032)
- 15.6 Europe Construction Equipment Market, by Power Output (2019-2032)
- 15.7 Europe Construction Equipment Market, by Engine Capacity (2019-2032)
- 15.8 Europe Construction Equipment Market, by Application (2019-2032)
- 15.9 Europe Construction Equipment Market, by Aftertreatment Device (2019-2032)
- 15.10 Europe Construction Equipment Market, by Country (2019-2032)
- 15.10.1 Germany
- 15.10.2 U.K.
- 15.10.3 France
- 15.10.4 Italy
- 15.10.5 Spain
- 15.10.6 Russia
- 15.10.7 The Netherlands
- 15.10.8 Belgium
- 15.10.9 Turkey
- 15.10.10 Rest of Europe
- SECTION 16 - ASIA-PACIFIC CONSTRUCTION EQUIPMENT MARKET
- 16.1 Asia-Pacific Summary
- 16.2 Market Attractive Index
- 16.3 Asia-Pacific Construction Equipment Market, by Equipment Type (2019-2032)
- 16.4 Asia-Pacific Construction Equipment Market, by Equipment Category (2019-2032)
- 16.5 Asia-Pacific Construction Equipment Market, by Propulsion Type (2019-2032)
- 16.6 Asia-Pacific Construction Equipment Market, by Power Output (2019-2032)
- 16.7 Asia-Pacific Construction Equipment Market, by Engine Capacity (2019-2032)
- 16.8 Asia-Pacific Construction Equipment Market, by Application (2019-2032)
- 16.9 Asia-Pacific Construction Equipment Market, by Aftertreatment Device (2019-2032)
- 16.10 Asia-Pacific Construction Equipment Market, by Country (2019-2032)
- 16.10.1 China
- 16.10.2 India
- 16.10.3 Japan
- 16.10.4 South Korea
- 16.10.5 Singapore
- 16.10.6 Malaysia
- 16.10.7 Australia
- 16.10.8 Thailand
- 16.10.9 Philippines
- 16.10.10 Rest of Asia-Pacific
- SECTION 17 - SOUTH AMERICA CONSTRUCTION EQUIPMENT MARKET
- 17.1 South America Summary
- 17.2 Market Attractive Index
- 17.3 South America Construction Equipment Market, by Equipment Type (2019-2032)
- 17.4 South America Construction Equipment Market, by Equipment Category (2019-2032)
- 17.5 South America Construction Equipment Market, by Propulsion Type (2019-2032)
- 17.6 South America Construction Equipment Market, by Power Output (2019-2032)
- 17.7 South America Construction Equipment Market, by Engine Capacity (2019-2032)
- 17.8 South America Construction Equipment Market, by Application (2019-2032)
- 17.9 South America Construction Equipment Market, by Aftertreatment Device (2019-2032)
- 17.10 South America Construction Equipment Market, by Country (2019-2032)
- 17.10.1 Brazil
- 17.10.2 Argentina
- 17.10.3 Chile
- 17.10.4 Colombia
- 17.10.5 Rest of South America
- SECTION 18 - MIDDLE EAST AND AFRICA CONSTRUCTION EQUIPMENT MARKET
- 18.1 Middle East and Africa Summary
- 18.2 Market Attractive Index
- 18.3 Middle East and Africa Construction Equipment Market, by Equipment Type (2019-2032)
- 18.4 Middle East and Africa Construction Equipment Market, by Equipment Category (2019-2032)
- 18.5 Middle East and Africa Construction Equipment Market, by Propulsion Type (2019-2032)
- 18.6 Middle East and Africa Construction Equipment Market, by Power Output (2019-2032)
- 18.7 Middle East and Africa Construction Equipment Market, by Engine Capacity (2019-2032)
- 18.8 Middle East and Africa Construction Equipment Market, by Application (2019-2032)
- 18.9 Middle East and Africa Construction Equipment Market, by Aftertreatment Device (2019-2032)
- 18.10 Middle East and Africa Construction Equipment Market, by Country (2019-2032)
- 18.10.1 Kingdom of Saudi Arabia
- 18.10.2 South Africa
- 18.10.3 U.A.E.
- 18.10.4 Egypt
- 18.10.5 Rest of Middle East and Africa
- SECTION 19 - COMPANY SHARE ANALYSIS
- 19.1 Global Construction Equipment Market, Company Share Analysis
- 19.2 North America Construction Equipment Market, Company Share Analysis
- 19.3 Europe Construction Equipment Market, Company Share Analysis
- 19.4 Asia-Pacific Construction Equipment Market, Company Share Analysis
- SECTION 20 - COMPANY PROFILES
- 20.1 Caterpillar
- 20.1.1 Company Snapshot
- 20.1.2 Financial Overview
- 20.1.3 Product Portfolio
- 20.1.4 Recent Developments
- 20.2 CNH Industrial America LLC.
- 20.2.1 Company Snapshot
- 20.2.2 Financial Overview
- 20.2.3 Product Portfolio
- 20.2.4 Recent Developments
- 20.3 Deere & Company
- 20.3.1 Company Snapshot
- 20.3.2 Financial Overview
- 20.3.3 Product Portfolio
- 20.3.4 Recent Developments
- 20.4 Doosan Corporation
- 20.4.1 Company Snapshot
- 20.4.2 Financial Overview
- 20.4.3 Product Portfolio
- 20.4.4 Recent Developments
- 20.5 Escorts Limited
- 20.5.1 Company Snapshot
- 20.5.2 Financial Overview
- 20.5.3 Product Portfolio
- 20.5.4 Recent Developments
- 20.6 Hitachi Construction Machinery Co., Ltd.
- 20.6.1 Company Snapshot
- 20.6.2 Financial Overview
- 20.6.3 Product Portfolio
- 20.6.4 Recent Developments
- 20.7 Hyundai Construction Equipment Co., Ltd.
- 20.7.1 Company Snapshot
- 20.7.2 Financial Overview
- 20.7.3 Product Portfolio
- 20.7.4 Recent Developments
- 20.8 J C Bamford Excavators Ltd.
- 20.8.1 Company Snapshot
- 20.8.2 Financial Overview
- 20.8.3 Product Portfolio
- 20.8.4 Recent Developments
- 20.9 Komatsu Ltd.
- 20.9.1 Company Snapshot
- 20.9.2 Financial Overview
- 20.9.3 Product Portfolio
- 20.9.4 Recent Developments
- 20.10 KUBOTA Corporation
- 20.10.1 Company Snapshot
- 20.10.2 Financial Overview
- 20.10.3 Product Portfolio
- 20.10.4 Recent Developments
- SECTION 21 - RELATED REPORTS
- SECTION 22 - 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.