Heavy Construction Equipment Market, Business Opportunities, Key Players, Overview, Industry Statistics, Future Revenue and Investment 2030

Heavy Construction Equipment Market By Type (Earth-Moving Equipment, Material Handling Equipment, Heavy-Duty Construction Vehicles, and Other Heavy-Duty Construction Equipment), By Application (Infrastructure, Commercial Buildings, and Residential Buildings), By End-User – Forecast to 2030

heavy construction equipment market

The heavy construction equipment market is expected to be worth USD 346.36 billion by 2030, registering a CAGR of 7.5% during the forecast period (2022-2030). The market was valued at USD 194.20 billion in 2021.

The heavy construction equipment market is gaining momentum in the modern construction industry due to geographic expansion in emerging markets. The adoption of heavy construction equipment offers lucrative opportunities for a market player in the next 10 years. Rapid urbanization and increasing investment in the construction and manufacturing industry are other factors driving the global market.

The excavation and demolition segment of the market is estimated to dominate the heavy construction machinery market and is expected to be the fastest growing segment over the forecast period. The CAGR for the segment is expected to grow at a higher rate over the next five years, and the major reason behind this is the increase in mining activities of minerals and precious metals in the premises of the global market, followed by the increase natural calamities where excavators are used in rescue operations.

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Key players

The main market players are:

  • Komatsu (Japan)
  • CNH (UK)
  • JCB (UK)
  • Doosan Infracoe (South Korea)
  • Sani (China)
  • Hitachi Machinery Construction (Japan)

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Market segmentation

The heavy construction equipment market has been segmented on the basis of the following for a more comprehensive overall operation and meeting the growing needs of a global target audience:

By type:

  • earthmoving equipment
  • Handling equipment
  • Heavy construction vehicles
  • Others (pavers/asphalt pavers/compactors and road rollers)

Per application:

  • Excavation & demolition
  • Lifting heavy loads
  • Material handling
  • dig a tunnel
  • Transportation
  • Recycling and waste management

By end-use sector:

  • Construction and manufacturing
  • petroleum gas
  • Public works & railway
  • Infrastructure
  • Mining
  • Forestry and agriculture
  • Others

By region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Regional classification

In 2015, Asia-Pacific accounted for a larger market share of the total heavy construction equipment market by value, followed by the Middle East and Africa. The European market is expected to grow at a relatively lower rate than other regions due to low construction demand due to weak economic conditions. Asia-Pacific is expected to register the highest growth from 2016 to 2021, while India is the fastest growing national market in the region for the global market. The Middle East and Africa region will reach the second highest CAGR during the period. South Africa will register the highest growth rate in the region.

Recent development

In June 2016, one of the major players in the heavy construction equipment market – Caterpillar Inc. – The new Cat 816K landfill compactor, was built on the established performance, durability and reliability that the 816 model demonstrated in 1972. The new K-Series model has been designed with rugged main structures that support multiple life cycles, featuring a fuel-efficient Cat C7.1 ACERT engine, single-lever steering, pressurized cabin and other features such as than impeller/tip options that provide extended life. Available Cat COMPACT technologies, such as Compaction Control, have further improved compaction performance and consistency by providing accurate compaction values ​​and 3D mapping.

Contents:

1. Summary

2 Scope of the report

2.1 Market Definition

2.2 Scope of the study

2.2.1 Definition

2.2.2 Research objective

2.2.3 Assumptions

2.2.4 Limits

2.3 Research process

2.3.1 Primary research

2.3.2 Secondary research

2.4 Market Size Estimation

2.5 Forecast model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of new entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining power of buyers

3.2 Value Chain/Supply Chain Analysis

4 Market dynamics

4.1 Presentation

4.2 Market Drivers

4.3 Market Constraints

4.4 Market Opportunities

5 Global Heavy Construction Equipment Market, by Type

5.1 Presentation

5.2 Earthmoving equipment

5.2.1 Market Estimates and Forecast, 2020-2027

5.2.2 Market Estimates and Forecast, by Region, 2020 – 2027

5.3 Handling equipment

5.3.1 Market Estimates and Forecast, 2020-2027

5.3.2 Market Estimates and Forecast, by Region, 2020 – 2027

5.4 Heavy construction vehicles

5.4.1 Market Estimates and Forecast, 2020-2027

5.4.2 Market Estimates and Forecast, by Region, 2020 – 2027

5.5 Other heavy construction equipment

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