American manufacturers of construction machinery and suppliers of equipment and related parts have had enduring success both at home and abroad. The completion of new residential and commercial infrastructure projects, as well as the upkeep and extension of already-existing structures, roads, transit corridors, and water and sanitation services, all depend on the products in this industry.
Increased private sector investment, real estate sector expansion, improving economic conditions, and the development of residential and commercial infrastructure in emerging economies all contribute to the growth of the market for heavy construction equipment. Additionally, the increase of public-private partnerships and government infrastructure development initiatives for the development of public infrastructure systems in nations like the U.S., India, and China has assisted market expansion.
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Global Construction Equipment Market- Segment Analysis
By equipment type
- Asphalt Finisher
- Motor Grader
- Backhoe Loader
- Motor Scraper
- Crawler Dozer
- Articulated Dump Truck
- Crawler Excavator
- Rigid Dump Truck
- Crawler Loader
- Road Roller
- Mini Excavator
- Rough Terrain Lift Truck (RTLT) Masted
- Wheeled Excavator
- Rough Terrain Lift Truck (RTLT) Telescopic
- Wheeled Loader 80 HP
- Wheeled Loader 80 HP
- Pick and Carry Crane.
- Skid-Steer Loader
- Compactor
Among these, the earth moving equipment segment presently holds a substantial market share as it uses hydraulic drives as its major motion source. Alongside, rising urban population and escalating demand for efficient infrastructural facilities across the globe are further boosting segmental expansion. The commonly used earthmoving machines are motor graders, loaders, and excavators.
By Equipment Category
- Material Handling Equipment
- Heavy Construction Vehicle
- Earthmoving Equipment
- Others
By Power Output
- 100HP
- 101-200 HP
- 201-400 HP
- 400 HP
Among these the 101-200 HP range is anticipated to register notable expansion over the forecast duration. This is attributable to the fact the equipment with this range allow manufacturers to enhance the machine capacity while downsizing the engine to a lower displacement level. This results in maintenance cost reduction and fuel economy enhancement, thereby promising a better component layout.
By Engine Capacity
- 5L
- 5L-10L
- 10L
By Propulsion Type
- Diesel
- CNG/LNG/RNG
By Application
- Commercial
- Residential
- Infrastructure
Top Key Players:-
- CATERPILLAR INC.
- DEERE COMPANY
- VOLVO GROUP
- HITACHI CONSTRUCTION MACHINERY CO., LTD
- LIEBHERR
- CNH INDUSTRIAL
- SANY HEAVY INDUSTRY CO., LTD
- XCMG
- DOOSAN HEAVY INDUSTRIES CONSTRUCTION CO., LTD
- TEREX CORPORATION
- JCB
- ZOOMLION HEAVY INDUSTRY SCIENCE TECHNOLOGY CO., LTD
- KUBOTA CORPORATION
- KOBELCO CONSTRUCTION MACHINERY CO., LTD.
- SUMITOMO HEAVY INDUSTRIES
- YANMAR CONSTRUCTION EQUIPMENT CO. LTD:
- SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD
- ATLAS COPCO AB
- WRITGEN GROUP
- HYUNDAI HEAVY INDUSTRIES
- AMMANN
- SANDVIK GROUP.
- ASTEC INDUSTRIES
- KOBE STEEL LTD.
- MANITOWOC
- GUANGXI LIUGONG MACHINERY CO., LIMITED.
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Frequently Asked Questions (FAQ):
Q1. What is the total market value of heavy construction equipment market?
Q2. Which market holds the maximum market share of the heavy construction equipment market?
Q3. What will be heavy construction equipment market growth in 2030?
Q4. What are the key trends in the heavy construction equipment market?
Q5. What are the key growth strategies of heavy construction equipment industry players?
Q6. How the company profile has been selected?
Q7. What is the heavy construction equipment market effecting factors?
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