Overview of the Construction Equipment Market by Maximize Market Research
Maximize Market Research, a globally recognized business consulting firm that serves clients in over 34 countries, has recently released its latest report, Construction Equipment Market. The firm’s research analysts have identified the Asia Pacific region as a highly promising opportunity for Construction Equipment and component manufacturers in the coming decade, catering to the needs of major and medium-sized players around the world. Despite the economic slowdown that followed the Covid lockdown, the market is showing signs of improvement.
Scope of the Construction Equipment Market
The Construction Equipment market is expected to grow consistently between 2022 and 2029, with key participants implementing robust plans to drive sectoral growth in 2022. The analytical report covers a wide range of topics, including import and export consumption, supply and demand dynamics, costs, market shares, sales volumes, revenue, and gross profit. Each manufacturer in the Construction Equipment market is thoroughly analyzed, with a focus on manufacturing bases, capacities, production, factory prices, revenues, and market shares. The report focuses on various countries and regions, including the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
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Construction Equipment Market Value
Construction Equipment Market size was valued at USD 185.7 Bn. in 2022 and the total revenue is expected to grow by 4.48% from 2023 to 2029, reaching nearly 252.49 Bn.
Construction Equipment Market Segmentation:
The Construction Equipment Market is divided into Loader, Crane, Forklift, Excavator, Dozer, and Others. The Loader segment had the highest market share in 2022.
by Type
1. Loader
2. Crane
3. Forklift
4. Excavator
5. Dozer
6. Others
The Construction Equipment Market is divided into four segments based on power output: <100 HP, 101-200 HP, 201-400 HP, and >400 HP. In terms of power output, the 101-200 horsepower (HP) segment dominated the market in 2022.
by Power Output
1. <100 HP
2. 101–200 HP
3. 201–400 HP
4. >400 HP
The Construction Equipment Market is divided into the following applications: earth moving, transportation, excavation and demolition, heavy lifting, tunneling, material handling, and recycling and waste management. The Earth Moving segment dominated the market in 2022 and is expected to continue to do so throughout the forecast period.
by Industries
1. Oil & Gas
2. Infrastructure
3. Forestry & Agricultural
4. Manufacturing
5. Military
6. Mining
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Construction Equipment Market Key Players:
1. Caterpillar
2. Hitachi Construction Machinery
3. Komatsu Ltd.
4. SANY Group
5. Xuzhou Construction Machinery Group
6. JCB
7. Doosan Corporation
8. Atlas Copco
9. Deere & Company
10. Bomag
11. CASE Construction Equipment
12. Ammann Group
13. Hamm AG
14. Martin Trailer Company
15. MBW Inc.
16. Thetford International
17. Altrad Belle
18. CNH Industrial America LLC
19. AB Volvo
20. Zoomlion Heavy Industry Science and Technology Co., Ltd
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Construction Equipment Market Regional Analysis
The report covers Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America as the five main global regions. It highlights significant market segments, sub-segments, and geographic areas related to Construction Equipment Industry Research. The report provides numerical data, complex revenue analysis, and an in-depth investigation of geographic features. It explores the supply chain’s complex structure, highlights business prospects, and discusses significant industry advancements relevant to the Construction Equipment market.
Key Questions answered in the Construction Equipment Market Report are:
- What is Construction Equipment Market?
- What is the forecast period of the Construction Equipment Market?
- What is the competitive scenario of the Construction Equipment market?
- Which region held the largest market share in the Construction Equipment Market?
- What are the opportunities for the Construction Equipment Market?
- What are the restraining factors in the Construction Equipment market?
- Who are the key players of the Construction Equipment market?
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting firm that employs professionals from a variety of industries, including science and engineering, electronic components, industrial equipment, technology, communication, automotive, chemical products, beverages, personal care, and automation. The company provides market-verified industry forecasts, technical trend analysis, critical market research, strategic advice, competition analysis, supply and demand analysis, and client impact studies.
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