Pune, 12, April 2023: The report expects the Construction Equipment Market to grow from USD 185.7 Bn in 2022 to USD 252.49 Bn by 2029 at a CAGR of 4.48 percent over the forecast period. The report is a mixture of primary and secondary data and the domain expert has analyzed the Construction Equipment Market from a local, global and regional point of view.
Construction Equipment Market Report Scope and Research Methodology
The Construction Equipment Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Construction Equipment markets. The report contains a comprehensive analysis of the global Construction Equipment System market’s trends, forecasts, and monetary values. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Construction Equipment market. The Construction Equipment market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for Construction Equipment market estimation. The segment-wise analysis of the Construction Equipment Market is divided into Type, Power Output, Industries and Application
The report covers the factors that are driving and restricting the Construction Equipment market’s growth. The report uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the Construction Equipment Market to provide market insights. The report involves an analysis of current Construction Equipment market trends as well as forecasts for the years.
Construction Equipment Market Dynamics
The increasing population, increase in per capita income and rapid urbanization helps to increase the demand for housing projects and new housing infrastructure. Construction Equipment Market is driven by the rising adoption of electric and autonomous equipment in the construction industry, increasing construction and infrastructure investment and advanced technology in construction equipment. The increasing number of construction equipment rental firms, increasing construction projects, supportive government initiatives and implementation of digital technology are also influencing factors for the growth of the market.
During the forecast period, the market growth is expected to be constrained by the increase in cyber-attacks and regulations along with environmental concerns.
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Construction Equipment Market Regional Insights
Asia-Pacific dominated the Construction Equipment Market with the largest market share in 2022 and is expected to have the largest revenue share over the forecast period. The regional market is driven by the high investment in construction projects, the emergence of online retail facilities and enhancements in capital investment. The rapid growth in the construction sector in countries such as India, China, Thailand, and Vietnam is also a growth contributor to the regional market.
During the forecast period, North America is expected to have a rapid growth rate in the market. The increasing demand for technologically advanced equipment, the growing adoption of automated construction equipment and the strong presence of prominent companies are the growth drivers for the regional Construction Equipment Market.
Construction Equipment Market Segmentation
By Type
- Loader
- Crane
- Forklift
- Excavator
- Dozer
- Others
By Power Output
- 101–200 HP
- 201–400 HP
- >400 HP
By Industries
- Oil & Gas
- Infrastructure
- Forestry & Agricultural
- Manufacturing
- Military
- Mining
By Application
- Earth moving
- Transportation
- Excavation & Demolition
- Heavy Lifting
- Tunneling
- Material Handling
- Recycling & Waste Management
Construction Equipment Market Key Players include:
- Caterpillar
- Hitachi Construction Machinery
- Komatsu Ltd.
- SANY Group
- Xuzhou Construction Machinery Group
- JCB
- Doosan Corporation
- Atlas Copco
- Deere & Company
- Bomag
- CASE Construction Equipment
- Ammann Group
- Hamm AG
- Martin Trailer Company
- MBW Inc.
- Thetford International
- Altrad Belle
- CNH Industrial America LLC
- AB Volvo
- Zoomlion Heavy Industry Science and Technology Co., Ltd
Table of Content for Global Construction Equipment Market:
- Global Construction Equipment Market: Research Methodology
- Global Construction Equipment Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Construction Equipment Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Construction Equipment Market Segmentation
- Global Market, by Type (2022-2029)
- Global Market, by Power Output (2022-2029)
- Global Market, by Industries (2022-2029)
- Global Market, by Application (2022-2029)
- Regional Global Construction Equipment Market(2022-2029)
- Regional Market, by Type (2022-2029)
- Regional Market, by Power Output (2022-2029)
- Regional Market, by Industries (2022-2029)
- Regional Market, by Application (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Construction Equipment Market are:
- What is Construction Equipment?
- What was the Construction Equipment market size in 2022?
- What is the expected Construction Equipment market size by 2029?
- What are the different segments of the Construction Equipment Market?
- What are the major restraints for the growth of the Construction Equipment Market?
- What growth strategies are the players considering to increase their presence in Construction Equipment?
- What is the scope of the Construction Equipment Market?
- What is the growth rate of the Construction Equipment Market?
- Which are the factors expected to drive the Construction Equipment market growth?
- Which region is expected to dominate the Construction Equipment market’s largest share?
- What segments are covered in the Construction Equipment Market?
- What are the key players in the Construction Equipment Market?
- What are the opportunities for the Construction Equipment Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of Type, Power Output, Industries, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Engineering Equipment research firm, has also published the following reports:
Electric Construction Equipment Market: The market size is expected to reach USD 241.20 Bn by 2029 at a CAGR of 6.8 percent during the forecast period. The market is driven by the Development of battery charging and increasing demand for noiseless construction.
Construction Equipment Rental Market: The market size is expected to reach USD 146.64 bn by 2029 at a CAGR of 4.20 percent during the forecast period. The market is driven by the increasing construction infrastructure plans, high investment and increasing government support.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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