The global construction equipment market is growing steadily with improving economic conditions and increasing investment in construction sector globally. Emerging economies across the world are investing significant amount in energy, transportation and other construction projects to support their economic developments. In addition, end users in developed markets are replacing their outdated equipment with advanced solutions. The construction equipment market has considerable opportunity for industry players across the value chain.

The report includes current demand-supply, technology, consumption and pricing trends in the global markets. The report provides user detailed information about production and consumption of construction equipment on regional basis. The study provides in-depth analysis of market drivers and restraints affecting the growth of this market. The report also include the detailed value chain analysis, PESTEL analysis and market attractive analysis in order to identify key investment areas in this market and in designing market winning strategies.

The study also includes market estimates and forecast for the different type of construction equipment in terms of both volume and revenue. The construction equipment market is classified on the basis of equipment type and region. The study includes cross sectional analysis for each regional market which includes regional production and consumption of construction equipment. This report includes market estimates (2019 & 2020) and forecast for the period 2021 – 2029 in terms of volume and revenue. The report also provides market size of construction equipment in major countries in each region.  

The report profiles key construction equipment manufacturers in the global market. Company profile provides detailed information about product portfolio, financial overview, regional market and recent developments in construction equipment industry. The report also includes market positioning of key players in the global market along with their market winning strategies.

Earth moving equipment are accounted for the largest revenue share compared to other types of construction equipment in 2020. Asia Pacific is the largest production hub for earth moving equipment. Chinese manufacturers are producing earth moving machineries at relatively cheaper price which is increasing their demand in cost sensitive markets. Rising fuel prices across the world is increasing the demand for construction equipment which provide higher fuel efficiency. This is increasing the demand for compact loader and hydraulic excavators due to their higher fuel efficiency. Material handling equipment are also expected to see steady growth with the increasing investment in energy sector and improving outlook of construction industry. Construction contractors in emerging nations are replacing their outdated machineries with advanced solutions such as automated batching process.  In addition, rising investment in road construction by countries across the world to support their economic growth is increasing the demand for road construction machineries and equipment.

The global construction equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world construction equipment market is further classified into South America, Africa and Middle East. Asia Pacific accounted for the largest revenue share in the global construction equipment market in 2020. The market for construction equipment in the U.S. is expected to grow with rising replacement of aging equipment with advanced technology to increase the efficiency of construction process. In addition, flexible credit policies available in the U.S. are motivating end users to invest in construction equipment. Major economies in the Europe are improving gradually after recession in 2009 and the debt crisis in 2011. This is expected to increase the demand for construction equipment with recovery in the construction sector. Russia is one of the fastest growing economies. Though, the growth in the output of construction industry is declined in the last two years, Russian government is expected to increase investments in new infrastructures to support its economic developments.

Asia Pacific is predicted to see the fastest growth throughout the forecast period 2021 – 2029. This growth is primarily attributed to rising residential as well as commercial constructions particularly in India and China. In order to provide housing facilities to increasing population in urban areas, Chinese government has planned to build new 36 million low cost houses in major cities during its 12th five year plan. In addition, expansion of road and other transportation networks to improve the connectivity between major cities is also influencing the demand for construction equipment. Middle East and South America are also expected to see the significant growth in sale of construction equipment with increasing construction activities in these regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Construction Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Construction Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Construction Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Construction Equipment market?
• Which is the largest regional market for Construction Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Construction Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Construction Equipment market worldwide?