GVR Report cover Construction Equipment Market Size, Share & Trends Report

Construction Equipment Market Size, Share & Trends Analysis Report By Product (Earth Moving Machinery, Material Handling Machinery), By Equipment Type, By Propulsion Type (ICE, Electric, CNG/LNG), By Power Output, By Engine Capacity, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-118-4
  • Number of Report Pages: 120
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Technology

Construction Equipment Market Trends

The global construction equipment market size was valued at USD 207.14 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2030. Rapid urbanization in developing countries, coupled with increasing government focus on upgrading the existing infrastructure, is expected to surge construction activities which in turn is increasing demand for excavators, loaders, dump trucks, etc., for construction work. Thus, increasing infrastructure development activities across the globe is anticipated to increase demand for earthmoving and material handling equipment, thereby driving the growth of the global construction equipment market.

U.S. Construction Equipment Market size and growth rate, 2024 - 2030

Increasing government spending on upgrading the present infrastructure is responsible for increasing construction activities in developing countries. A country such as India is highly focused on enhancing the road infrastructure to facilitate flawless transportation of resources. For instance, in June 2022, the Indian Minister of Road Transport and Highways announced the opening of 15 new national highway projects worth USD 1.7 billion in Patna and Hajipur in Bihar. For instance, in Mach 2023, the government of Singapore announced that it would commence the construction of new terminal 5 (T5) at Changi Airport in 2025. The T5 addition to the existing airport is focused on lowering the air passenger traffic at Changi Airport. This increasing road construction activity is increasing demand for material handling and road construction equipment such as forklifts, pavers, dozers, etc., further supporting the growth of the global construction equipment market.

Technological integration with construction equipment is expected to favor market growth over the forecast period. OEMs have capitalized on this as an opportunity to launch new products and expand their customer base in the construction equipment market. For instance, in January 2023, John Deere announced the launch of farming and building equipment powered by batteries. The company states that when John Deere released new farming and building technologies, factors such as a growing population, dwindling amounts of arable land, and rising greenhouse gas emissions were all considered.

The high cost of product and contractor inclination towards adopting rental equipment are some significant factors expected to hamper the growth of the global construction equipment market. Contractors are inclined towards renting the construction equipment for the specified project's timeline against being in charge of vehicle ownership. Construction equipment ownership ties up a significant amount of capital, impacting other business operations.

Market Concentration & Characteristics

Industry growth stage is medium, and pace of the industry growth is accelerating. The construction equipment industry is characterized by a high degree of innovation. The advent of autonomous vehicle technology in material handling is expected to open new avenues for industry growth. Adopting autonomous construction equipment ensures operators' safety and helps maintain a safe work environment.

Construction Equipment Market Concentration & Characteristics

The construction equipment industry is also characterized by a high level of new product launch activity by the companies. This is due to several factors, including increase the availability of their products & services in diverse geographical areas.

Government laws to improve the structure, site, facilities, and use of the buildings is expected to augment industry growth. The Building Standard Act of Japan aims to protect people's lives, health, and property by establishing minimal standards for building locations, designs, and uses.

There are hardly any direct or external substitutes to construction equipment at present. However, there are considerable opportunities for internal substitution over the next few years, such as electrification of construction equipment. Moreover, construction equipment is continuously getting smarter and energy-efficient in line with the advances in technology and the aggressive research & development efforts being undertaken by the OEMs.

Buyers in the construction equipment industry consider factors such as pricing, product quality, features provided, and the brand name before buying the product. Buyers generally enter into long-term contracts with suppliers to provide construction equipment.

Product Insights

The material handling machinery segment led the market and accounted for 38.5% in 2023. The material handling machinery segment growth can be attributed to factors such as the rapid industrialization and rising demand for automation in material handling machinery. In developed countries, completely automated industrial facilities have been established as a result of growing automation adoption and ongoing technological advancements in the market. It is expected that the market for material handling equipment will grow due to the ongoing modernization of industrial infrastructures and facilities to increase their production capacity.

The earthmoving machinery is expected to register a considerable growth rate over the forecast period. The construction sector's growth, both in developed and emerging economies, has significantly contributed to the earthmoving machinery market. Increasing investments in residential, commercial, and industrial construction projects necessitate the use of heavy machinery. Earthmoving equipment facilitates tasks like excavation, grading, and material handling, enabling efficient and timely completion of construction projects.

Propulsion Type Insights

The ICE segment accounted for the largest market revenue share in 2023. ICE generates power using a combustion engine and transfers it to the wheels through a transmission system. These vehicles come equipped with sturdy internal combustion engines capable of delivering substantial torque and horsepower, enabling them to efficiently handle demanding tasks. The power provided by ICE machinery empowers them to tackle heavy loads, operate in rugged terrains, and accomplish tasks that demand substantial force and endurance.

The electric construction equipment is anticipated to register the highest CAGR over the forecast period. In contrast to diesel or gasoline-powered construction equipment, electric-based machinery offers significant advantages in terms of lower operating expenses. They necessitate minimal maintenance, and the cost of electricity is generally lower compared to diesel or gasoline. As a result, this factor is anticipated to be a driving force in the market in the coming years. Moreover, governments globally are implementing regulations and providing incentives to promote the widespread adoption of electric construction equipment. For instance, the European Union has made it mandatory for OEMs to install essential ADAS functions, such as cruise control and lane departure warning systems on heavy equipment by 2020.

Power Output Insights

<100 HP segment accounted for the largest market share in 2023. <100 HP construction equipment, include mini-excavators, compact wheel loaders, skid steer loaders, and compact track loaders, offer exceptional versatility and maneuverability. Rising use of compact construction equipment in emerging economies such as Asia Pacific, Latin America, and Africa is further anticipated to drive the demand for the market over the forecast period. Infrastructure development, urbanization, and small-scale construction projects have increased the demand for cost-effective, compact, and versatile machinery. Advancements in technology, including operator comfort, improved powertrain efficiency, and automation, are also contributing to the segment’s growth.

Global Construction Equipment Market share and size, 2023

The 101-200 HP segment is anticipated to register the highest growth rate over the forecast period. These machines, such as excavators, bulldozers, loaders, and graders, are essential for heavy-duty tasks. Machines in the 101-200 HP range often feature designs that prioritize serviceability, allowing easy access to critical components for maintenance and repairs. Efficient maintenance processes and readily available spare parts contribute to minimizing downtime and maximizing productivity.

Regional Insights

The North America construction equipment market was valued at USD 40.61 billion in 2023. One of the key drivers of the rising demand for construction equipment is the rapid development of smart cities in North America. Government programs such as the Smart Cities Project beneath the U.S. Economic Development Program support the regional construction equipment growth. Technologically advanced construction tools, such as earthmoving, roadbuilding, and material-handling machinery, are increasingly used in the region to develop smart cities efficiently.

Construction Equipment Market Trends, by Region, 2024 - 2030

U.S. Construction Equipment Market Trends

The construction equipment market in the U.S. is expected to grow at a CAGR of 7.1% from 2024 to 2030. The growth of construction equipment is ascribed to Due to the increasing investments by manufacturers and suppliers in installing automated equipment in manufacturing facilities and warehouses, the U.S. construction equipment industry is expected to see significant growth. The rise of e-commerce businesses has significantly increased the size of the regional market. Major companies such as Amazon and eBay spend a lot of money building warehouses to store their inventory.

The construction equipment market in Canada is projected to grow due to significant investment in smart grids and smart meters, coupled with the rising awareness regarding greenhouse emissions. The government has launched a smart grid program that addresses the major infrastructure development achieving its goals for an energy framework based on clean energy growth.

Asia Pacific Construction Equipment Market Trends

The Asia Pacific construction equipment market accounted for a share of 43.8% of the global revenue in 2023. Manufacturers in the Asia Pacific construction equipment market is responding to the situation by offering a wide range of construction equipment models suitable for the diverse construction needs in the region. The strong emphasis on infrastructure development and the need for efficient and adaptable construction machinery are among the other significant drivers driving the growth of the Asia Pacific construction equipment market.

The construction equipment market in China is projected to grow at a CAGR of 10.9% from 2024 to 2030. Additionally, the recent Regional Comprehensive Economic Partnership (RCEP) free trade agreement of China with Asia Pacific countries, including Japan, South Korea, Australia, and other smaller Southeast Asian countries, is expected to develop advanced transport infrastructure activities in the region, thereby driving the demand for construction equipment.

India construction equipment market is accounted for a 12.5% revenue share of the Asia Pacific market in 2023. The equipment growth can be attributed to the factors such as the improved economic conditions, greater private sector investment, and the development of residential and commercial infrastructure in the country. The construction of roads, railroad lines, airports, and other infrastructure has received significant funding from the U.S. government, necessitating the use of loaders, excavators, and other heavy machinery.

The construction equipment market in Japan is experiencing an increase in the use of forklifts and telescopic handlers due to factors such as technological advancements in telescopic handlers and electrification of construction equipment. Furthermore, government initiatives to boost infrastructure spending, especially related to disaster-resilient structures, have also contributed to the equipment growth in Japan.

Australia construction equipment market is projected to grow at a CAGR of 6.1% from 2024 to 2030. The growing demand for construction equipment in Australia is closely linked to the nation's commitment to investing in infrastructure development and natural resource exploration. This strategic alignment positions loaders as essential equipment for undertaking various tasks, thereby driving the growth of the market.

Europe Construction Equipment Market Trends

The Europe construction equipment market is expected to grow at a CAGR of 8.7% from 2024 to 2030. The European Union and individual countries invest heavily in infrastructure development, leading to increased construction activities and the need for specialized machinery. Investments in infrastructure projects create a favourable opportunity for construction equipment manufacturers and suppliers. Additionally, Europe is experiencing rapid urbanization, with an increasing number of people migrating to cities. Urban development projects, including residential and commercial construction, require a wide range of construction equipment. The need to accommodate the growing population, coupled with the revitalization of existing urban areas, drives the demand for construction equipment.

The construction equipment market in the UK accounted for a 21.6% revenue share of the Europe in 2023. The country growth is ascribed to factors such as the growing government spending under the U.K.’s “Net Zero Strategy" plans and "Build Back Greener". Through substantial investments in infrastructure, expertise, and innovation, the government's growth strategy, "Build Back Better," has assisted in the economic growth.

Germany construction equipment market is expected to grow at a CAGR of 9.5% from 2024 to 2030. In Germany, rising government investment in public infrastructure projects & 'Green Infrastructure Strategy' is anticipated to spur the growth of the construction equipment market. The German government under the federal ministry for housing, urban development, and building aimed at increasing the construction of homes.

The construction equipment market in France is projected to grow owing to the growing renewable energy projects, such as wind farms and solar installation requires construction machinery for site preparation, foundation work, and installation.

MEA Construction Equipment Market Trends

The construction equipment Market in the Middle East and Africa (MEA) region is anticipated to reach USD 13.66 billion by 2030. Substantial increase in government expenditures directed toward infrastructure development and large-scale projects in countries, such as Saudi Arabia, Egypt, the UAE, Kuwait, and Oman, is driving the growth of the MEA construction equipment. The construction industry in emerging nations across the region is experiencing a rapid expansion, creating a wealth of opportunities across residential, infrastructure, and non-residential construction.

The construction equipment market in Saudi Arabia is projected to grow due to support from the government through long-term economic diversification initiatives such as Saudi Vision 2030, the construction industry in Saudi Arabia has proliferated in recent years. By promoting the tourism sector, which entails building new hotels and commercial facilities, Saudi Arabia is diversifying its economic resources to lessen its dependence on crude oil exports.

Key Construction Equipment Company Insights

Some of the key players operating in the market include Caterpillar, Inc., Deere & Company, Sany Heavy Industry Co., Ltd., Komatsu Ltd., and Volvo Construction Equipment AB.

  • Caterpillar, Inc. offers a comprehensive range of construction equipment, including dozers, loaders, and excavators, among others. The company’s machines are renowned for performance, durability, and innovative features.

  • Deere & Companyheavily invests in research & development, introducing advanced technologies and innovative features in its construction equipment. The technological advancements help the company to maintain its competitiveness in the market.

Hyundai Construction Equipment Co., Ltd., HİDROMEK, and Kobelco Construction Machinery Co. Ltd. are some of the emerging market participants in the construction equipment market.

  • Hyundai Construction Equipment Co., Ltd. is engaged in construction equipment manufacturer that covers material handling and construction equipment such as excavators, backhoe loaders, wheel loaders, forklifts, and skid loaders. It is also engaged in manufacturing construction equipment and heavy machinery, such as concrete mixers, bulldozers, cranes, pavers, dredging machinery, and power shovels, used by the construction industry.

  • HİDROMEK is engaged in manufacturing of construction machinery and operates in Turkey. The company sells hydraulic excavators, backhoe loaders, motor graders, wheel loaders, and soil compactors. The company also caters to the used machinery and after-sales service requirements of customers.

Key Construction Equipment Companies:

The following are the leading companies in the construction equipment market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these construction equipment companies are analyzed to map the supply network.

  • Caterpillar, Inc
  • CNH Industrial America LLC.
  • Deere & Company
  • Doosan Corporation
  • Escorts Limited
  • Hitachi Construction Machinery Co., Ltd.
  • Hyundai Construction Equipment Co., Ltd.
  • J C Bamford Excavators Ltd.
  • Komatsu Ltd.
  • KUBOTA Corporation
  • LIEBHERR
  • MANITOU Group
  • SANY Group
  • Terex Corporation
  • AB Volvo
  • Wacker Neuson SE
  • XCMG Group
  • Zoomlion Heavy Industry Science&Technology Co., Ltd.

Recent Developments

  • In November 2023, Komatsu Ltd. through its subsidiary, Komatsu America Corp. agreed to acquire American Battery Solutions, Inc., a battery manufacturer based in the U.S. The acquisition of American Battery Solutions, Inc. would allow Komatsu Ltd. to manufacture and develop its own battery-operated mining and construction equipment by integrating American Battery Solutions, Inc.’s battery technology with Komatsu Ltd.’s expertise.

  • In October 2023, CASE Construction Equipment, a brand of CNH Industrial N.V., launched a lineup of small articulated loaders and mini track loaders, providing small contractors with construction-grade power to tackle more jobs with less manual labor.

  • In May 2023, Caterpillar Inc. unveiled the updated Cat D10 Dozer designed for tough construction environments and challenging job sites. The dozer incorporates a load-sensing hydraulics and stator clutch torque converter to effectively transmit power to the ground.

  • In May 2023, Hitachi Construction Machinery Co., Ltd. launched ZAXIS-7 compact excavators designed to enhance task efficiency on urban work sites. The company also launched ZX75US-7 model that featured an ultra-short-tail swing radius, which allowed access to small spaces. In addition, the ZX85USB-7 model, with its swing boom and ultra-short-tail swing radius, enabled productive excavation near walls and guardrails.

Construction Equipment Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 223.56 billion

Revenue forecast in 2030

USD 363.23 billion

Growth rate

CAGR of 8.4% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD million/billion, volume in units, and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, equipment type, propulsion type, power output, engine capacity, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa

Key companies profiled

Caterpillar, Inc.; CNH Industrial America LLC.; Deere & Company; Doosan Corporation; Escorts Limited; Hitachi Construction Machinery Co., Ltd.; Hyundai Construction Equipment Co., Ltd.; J C Bamford Excavators Ltd.; Komatsu Ltd.; KUBOTA Corporation; LIEBHERR; MANITOU Group; SANY Group; Terex Corporation; AB Volvo; Wacker Neuson SE; XCMG Group; Zoomlion Heavy Industry Science&Technology Co., Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Construction Equipment Market Report Segmentation

The report forecasts revenue growth at global, regional, and at country level and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global construction equipment market report on the basis of product, equipment type, propulsion type, power output, engine capacity, and region:

Global Construction Equipment Market Report Segmentation

  • Product Outlook (Revenue, USD Million; Volume, Units; 2018 - 2030)

    • Earth Moving Machinery

      • Excavators

        • Wheel

        • Crawler

      • Loaders

        • Backhoe Loaders

        • Skid Steer Loaders

        • Crawler/Track Loaders

        • Wheeled Loaders

      • Dump Trucks

      • Moto Graders

      • Dozers

        • Wheel

        • Crawler

    • Material Handling Machinery

      • Crawler Cranes

      • Trailer Mounted Cranes

      • Truck Mounted Cranes

      • Forklift

    • Concrete and Road Construction Machinery

      • Concrete Mixer & Pavers

      • Construction Pumps

      • Others

  • Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Heavy Construction Equipment

    • Compact Construction Equipment

  • Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

    • ICE

    • Electric

    • CNG/LNG

  • Engine Capacity Outlook (Revenue, USD Million, 2018 - 2030)

    • Up to 250 HP

    • 250-500 HP

    • More than 500 HP

  • Power Output Outlook (Revenue, USD Million, 2018 - 2030)

    • <100 HP

    • 101-200 HP

    • 201-400 HP

    • >401 HP

  • Region Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa (MEA)

      • Saudi Arabia

      • U.A.E.

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Information Procurement
                        1.2.1. Purchased database.
                        1.2.2. GVR's internal database
                        1.2.3. Secondary sources & third - party perspectives
                        1.2.4. Primary research
                    1.3. Information Analysis
                        1.3.1. Data Analysis Models
                    1.4. Market Formulation & Data Visualization
                    1.5. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Construction Equipment Market Snapshot, 2023 & 2030
                    2.2. Product Segment Snapshot, 2023 & 2030
                    2.3. Propulsion Type Segment Snapshot, 2023 & 2030
                    2.4. Power Output Segment Snapshot, 2023 & 2030
                    2.5. Competitive Landscape Snapshot, 2023 & 2030
Chapter 3. Construction Equipment Market Variables, Trends & Scope
                    3.1. Market Lineage Outlook
                    3.2. Construction Equipment Market - Value Chain Analysis
                    3.3. Construction Equipment Market - Market Dynamics
                        3.3.1. Market Driver Analysis
                        3.3.2. Market Restraint Analysis
                        3.3.3. Market Opportunity Analysis
                    3.4. Industry Analysis Tools
                        3.4.1. Construction Equipment Market - Porter's Analysis
                        3.4.2. Construction Equipment Market - PESTEL Analysis
Chapter 4. Construction Equipment Market Product Outlook
                    4.1. Construction Equipment Market Share by Product, 2023 & 2030 (USD Million) (Volume Units)
                    4.2. Earth Moving Machinery
                        4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Volume Units)
                        4.2.2. Excavators
                            4.2.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.2.2. Wheel
                                4.2.2.2.1. Wheel Excavator Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.2.3. Crawler
                                4.2.2.3.1. Wheel Excavator Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.2.3. Loaders
                            4.2.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.3.2. Backhoe Loaders
                                4.2.3.2.1. Backhoe Loaders Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.3.3. Backhoe Loaders
                                4.2.3.3.1. Backhoe Loaders Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.3.4. Skid Steer Loaders
                                4.2.3.4.1. Skid Steer Loaders Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.3.5. Crawler/Truck Loaders
                                4.2.3.5.1. Crawler/Truck Loaders Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.3.6. Wheeled
                                4.2.3.6.1. Wheeled Loaders Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.2.4. Dump Trucks
                            4.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.2.5. Moto Graders
                            4.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.2.6. Dozers
                            4.2.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.6.2. Wheel
                                4.2.6.2.1. Wheel Dozers Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            4.2.6.3. Crawler
                                4.2.6.3.1. Wheel Dozers Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    4.3. Material Handling Machinery
                        4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Volume Units)
                        4.3.2. Crawler Cranes
                            4.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.3.3. Trailer Mounted Cranes
                            4.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.3.4. Truck Mounted Cranes
                            4.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.3.5. Forklift
                            4.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    4.4. Concrete and Road Construction Machinery
                        4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Volume Units)
                        4.4.2. Concrete Mixer & Pavers
                            4.4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.4.3. Construction Pumps
                            4.4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        4.4.4. Others
                            4.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Construction Equipment Market Propulsion Type Outlook
                    5.1. Construction Equipment Market Share by Propulsion Type, 2023 & 2030 (USD Million)
                    5.2. ICE
                        5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    5.3. Electric
                        5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    5.4. CNG/LNG
                        5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Construction Equipment Market Equipment Type Outlook
                    6.1. Construction Equipment Market Share by Equipment Type, 2023 & 2030 (USD Million)
                    6.2. Heavy Construction Equipment
                        6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    6.3. Compact Construction Equipment
                        6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7. Construction Equipment Market Power Output Outlook
                    7.1. Construction Equipment Market Share by Power Output, 2023 & 2030 (USD Million)
                    7.2. <100 HP
                        7.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    7.3. 101-200 HP
                        7.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    7.4. 201-400 HP
                        7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    7.5. >401 HP
                        7.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 8. Construction Equipment Market Engine Capacity Outlook
                    8.1. Construction Equipment Market Share by Engine Capacity, 2023 & 2030 (USD Million)
                    8.2. Up to 250 HP
                        8.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    8.3. 250-500 HP
                        8.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                    8.4. More than 500 HP
                        8.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 9. Construction Equipment Market: Regional Outlook
                    9.1. Construction Equipment Market Share by Region, 2023 & 2030 (USD Million)
                    9.2. North America
                        9.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        9.2.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million) (Volume, Units)
                        9.2.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million) (Volume, Units)
                        9.2.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                        9.2.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                        9.2.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.2.7. U.S.
                            9.2.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.2.7.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.2.7.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.2.7.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.2.7.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.2.7.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.2.8. Canada
                            9.2.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.2.8.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.2.8.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.2.8.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.2.8.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.2.8.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                    9.3. Europe
                        9.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        9.3.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million) (Volume, Units)
                        9.3.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million) (Volume, Units)
                        9.3.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                        9.3.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                        9.3.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.3.7. U.K.
                            9.3.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.3.7.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.3.7.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.3.7.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.3.7.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.3.7.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.3.8. Germany
                            9.3.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.3.8.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.3.8.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.3.8.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.3.8.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.3.8.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.3.9. France
                            9.3.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.3.9.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.3.9.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.3.9.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.3.9.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.3.9.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.3.10. Italy
                            9.3.10.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.3.10.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.3.10.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.3.10.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.3.10.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.3.10.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.3.11. Spain
                            9.3.11.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.3.11.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.3.11.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.3.11.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.3.11.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.3.11.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                    9.4. Asia Pacific
                        9.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        9.4.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million) (Volume, Units)
                        9.4.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million) (Volume, Units)
                        9.4.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                        9.4.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                        9.4.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.4.7. China
                            9.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.4.7.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.4.7.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.4.7.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.4.7.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.4.7.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.4.8. India
                            9.4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.4.8.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.4.8.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.4.8.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.4.8.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.4.8.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.4.9. Japan
                            9.4.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.4.9.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.4.9.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.4.9.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.4.9.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.4.9.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.4.10. Australia
                            9.4.10.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.4.10.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.4.10.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.4.10.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.4.10.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.4.10.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.4.11. South Korea
                            9.4.11.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.4.11.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.4.11.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.4.11.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.4.11.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.4.11.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                    9.5. Latin America
                        9.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        9.5.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million) (Volume, Units)
                        9.5.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million) (Volume, Units)
                        9.5.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                        9.5.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                        9.5.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.5.7. Brazil
                            9.5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.5.7.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.5.7.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.5.7.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.5.7.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.5.7.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.5.8. Mexico
                            9.5.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.5.8.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.5.8.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.5.8.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.5.8.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.5.8.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.5.9. Argentina
                            9.5.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.5.9.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.5.9.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.5.9.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.5.9.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.5.9.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                    9.6. Middle East & Africa
                        9.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                        9.6.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million) (Volume, Units)
                        9.6.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million) (Volume, Units)
                        9.6.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                        9.6.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                        9.6.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                                    9.6.7. U.A.E.
                            9.6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.6.7.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.6.7.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.6.7.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.6.7.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.6.7.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.6.8. Saudi Arabia
                            9.6.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.6.8.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.6.8.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.6.8.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.6.8.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.6.8.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
                        9.6.9. South Africa
                            9.6.9.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
                            9.6.9.2. Market Estimates and Forecast by Product, 2018 - 2030 (USD Million)
                            9.6.9.3. Market Estimates and Forecast by Equipment Type, 2018 - 2030 (USD Million)
                            9.6.9.4. Market Estimates and Forecast by Propulsion Type, 2018 - 2030 (USD Million)
                            9.6.9.5. Market Estimates and Forecast by Power Output, 2018 - 2030 (USD Million)
                            9.6.9.6. Market Estimates and Forecast by Engine Capacity, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
                    10.1. Company Categorization
                    10.2. Company Share Analysis, 2023
                    10.3. Company Heat Map Analysis, 2023
                    10.4. Strategy Mapping
                    10.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
                        10.5.1. Caterpillar, Inc.
                            10.5.1.1. Company Overview
                            10.5.1.2. Financial Performance
                            10.5.1.3. Product Benchmarking
                            10.5.1.4. Recent Developments
                        10.5.2. CNH Industrial America LLC
                            10.5.2.1. Company Overview
                            10.5.2.2. Financial Performance
                            10.5.2.3. Product Benchmarking
                            10.5.2.4. Recent Developments
                        10.5.3. Deere & Company
                            10.5.3.1. Company Overview
                            10.5.3.2. Financial Performance
                            10.5.3.3. Product Benchmarking
                            10.5.3.4. Recent Developments
                        10.5.4. Doosan Corporation
                            10.5.4.1. Company Overview
                            10.5.4.2. Financial Performance
                            10.5.4.3. Product Benchmarking
                            10.5.4.4. Recent Developments
                        10.5.5. Escorts Limited
                            10.5.5.1. Company Overview
                            10.5.5.2. Financial Performance
                            10.5.5.3. Product Benchmarking
                            10.5.5.4. Recent Developments
                        10.5.6. Hitachi Construction Machinery Co., Ltd.
                            10.5.6.1. Company Overview
                            10.5.6.2. Financial Performance
                            10.5.6.3. Product Benchmarking
                            10.5.6.4. Recent Developments
                        10.5.7. Hyundai Construction Equipment Co., Ltd.
                            10.5.7.1. Company Overview
                            10.5.7.2. Financial Performance
                            10.5.7.3. Product Benchmarking
                            10.5.7.4. Recent Developments
                        10.5.8. J C Bamford Excavators Ltd.
                            10.5.8.1. Company Overview
                            10.5.8.2. Financial Performance
                            10.5.8.3. Product Benchmarking
                            10.5.8.4. Recent Developments
                        10.5.9. Komatsu Ltd.
                            10.5.9.1. Company Overview
                            10.5.9.2. Financial Performance
                            10.5.9.3. Product Benchmarking
                            10.5.9.4. Recent Developments
                        10.5.10. KUBOTA Corporation
                            10.5.10.1. Company Overview
                            10.5.10.2. Financial Performance
                            10.5.10.3. Product Benchmarking
                            10.5.10.4. Recent Developments
                        10.5.11. LIEBHERR
                            10.5.11.1. Company Overview
                            10.5.11.2. Financial Performance
                            10.5.11.3. Product Benchmarking
                            10.5.11.4. Recent Developments
                        10.5.12. MANITOU Group
                            10.5.12.1. Company Overview
                            10.5.12.2. Financial Performance
                            10.5.12.3. Product Benchmarking
                            10.5.12.4. Recent Developments
                        10.5.13. SANY Group
                            10.5.13.1. Company Overview
                            10.5.13.2. Financial Performance
                            10.5.13.3. Product Benchmarking
                            10.5.13.4. Recent Developments
                        10.5.14. Terex Corporation
                            10.5.14.1. Company Overview
                            10.5.14.2. Financial Performance
                            10.5.14.3. Product Benchmarking
                            10.5.14.4. Recent Developments
                        10.5.15. AB Volvo
                            10.5.15.1. Company Overview
                            10.5.15.2. Financial Performance
                            10.5.15.3. Product Benchmarking
                            10.5.15.4. Recent Developments
                        10.5.16. Wacker Neuson SE
                            10.5.16.1. Company Overview
                            10.5.16.2. Financial Performance
                            10.5.16.3. Product Benchmarking
                            10.5.16.4. Recent Developments
                        10.5.17. XCMG Group
                            10.5.17.1. Company Overview
                            10.5.17.2. Financial Performance
                            10.5.17.3. Product Benchmarking
                            10.5.17.4. Recent Developments
                        10.5.18. Zoomlion Heavy Industry Science&Technology Co., Ltd.
                            10.5.18.1. Company Overview
                            10.5.18.2. Financial Performance
                            10.5.18.3. Product Benchmarking
                            10.5.18.4. Recent Developments


List of Tables

Table 1 Construction equipment market — Industry snapshot & key buying criteria, 2018 - 2030
Table 2 Global construction equipment market, 2018 - 2030 (USD Million)
Table 3 Global construction equipment market, by region, 2018 - 2030 (USD Million)
Table 4 Global construction equipment market, by product, 2018 - 2030 (USD Million)
Table 5 Global construction equipment market, by equipment type, 2018 - 2030 (Volume, Units)
Table 6 Global construction equipment market, by propulsion type, 2018 - 2030 (Volume, Units)
Table 7 Global construction equipment market, by power output, 2018 - 2030 (Volume, Units)
Table 8 Global construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 9 Vendor landscape
Table 10 Earth Moving Machinery market, 2018 - 2030 (USD Million)
Table 11 Earth Moving Machinery market, by region, 2018 - 2030 (USD Million)
Table 12 Earth Moving Machinery market, by region, 2018 - 2030 (Volume, Units)
Table 13 Excavators market, 2018 - 2030 (USD Million)
Table 14 Excavators market, by region, 2018 - 2030 (USD Million)
Table 15 Wheel Excavator Market, 2018 - 2030 (USD Million)
Table 16 Crawler Excavator Market, 2018 - 2030 (USD Million)
Table 17 Loader market, 2018 - 2030 (USD Million)
Table 18 Loader market, by region, 2018 - 2030 (USD Million)
Table 19 Backhoe Loader market, 2018 - 2030 (USD Million)
Table 20 Skid Steer Loader market, 2018 - 2030 (USD Million)
Table 21 Crawler/Truck Loader market, 2018 - 2030 (USD Million)
Table 22 Wheeled Loader market, 2018 - 2030 (USD Million)
Table 23 Dump Trucks market, 2018 - 2030 (USD Million)
Table 24 Dump Trucks market, by region, 2018 - 2030 (USD Million)
Table 25 Moto Graders market, 2018 - 2030 (USD Million)
Table 26 Moto Graders market, by region, 2018 - 2030 (USD Million)
Table 27 Dozers market, 2018 - 2030 (USD Million)
Table 28 Dozers market, by region, 2018 - 2030 (USD Million)
Table 29 Wheel Dozers market, 2018 - 2030 (USD Million)
Table 30 Crawler Dozers market, 2018 - 2030 (USD Million)
Table 31 Material Handling Machinery market, 2018 - 2030 (USD Million)
Table 32 Material Handling Machinery market, by region, 2018 - 2030 (USD Million)
Table 33 Crawler Cranes market, 2018 - 2030 (USD Million)
Table 34 Crawler Cranes market, by region, 2018 - 2030 (USD Million)
Table 35 Trailer Mounted Cranes market, 2018 - 2030 (USD Million)
Table 36 Trailer Mounted Cranes market, by region, 2018 - 2030 (USD Million)
Table 37 Truck Mounted Cranes market, 2018 - 2030 (USD Million)
Table 38 Truck Mounted Cranes market, by region, 2018 - 2030 (USD Million)
Table 39 Forklift market, 2018 - 2030 (USD Million)
Table 40 Forklift market, by region, 2018 - 2030 (USD Million)
Table 41 Concrete and Road Construction Machinery market, 2018 - 2030 (USD Million)
Table 42 Concrete and Road Construction Machinery market, by region, 2018 - 2030 (USD Million)
Table 43 Concrete Mixer & Pavers market, 2018 - 2030 (USD Million)
Table 44 Concrete Mixer & Pavers market, by region, 2018 - 2030 (USD Million)
Table 45 Construction Pumps market, 2018 - 2030 (USD Million)
Table 46 Construction Pumps market, by region, 2018 - 2030 (USD Million)
Table 47 Others construction equipment market, 2018 - 2030 (USD Million)
Table 48 Others construction equipment market, by region, 2018 - 2030 (USD Million)
Table 49 Heavy construction equipment market, 2018 - 2030 (USD Million)
Table 50 Heavy construction equipment market, by region, 2018 - 2030 (USD Million)
Table 51 Compact construction equipment market, 2018 - 2030 (USD Million)
Table 52 Compact construction equipment market, by region, 2018 - 2030 (USD Million)
Table 53 ICE construction equipment market, 2018 - 2030 (USD Million)
Table 54 ICE construction equipment market, by region, 2018 - 2030 (USD Million)
Table 55 Electric construction equipment services market, 2018 - 2030 (USD Million)
Table 56 Electric construction equipment services market, by region, 2018 - 2030 (USD Million)
Table 57 CNG/LNG construction equipment services market, 2018 - 2030 (USD Million)
Table 58 CNG/LNG construction equipment services market, by region, 2018 - 2030 (USD Million)
Table 59 Up to 250 HP construction equipment market, 2018 - 2030 (USD Million)
Table 60 Up to 250 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 61 250-500 HP construction equipment market, 2018 - 2030 (USD Million)
Table 62 250-500 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 63 More than 500 HO construction equipment market, 2018 - 2030 (USD Million)
Table 64 More than 500 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 65 <100 HP construction equipment market, 2018 - 2030 (USD Million)
Table 66 <100 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 67 101-200 HP construction equipment market, 2018 - 2030 (USD Million)
Table 68 101-200 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 69 201-400 HP construction equipment market, 2018 - 2030 (USD Million)
Table 70 201-400 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 71 >401 HP construction equipment market, 2018 - 2030 (USD Million)
Table 72 >401 HP construction equipment market, by region, 2018 - 2030 (USD Million)
Table 73 North America construction equipment market, 2018 - 2030 (USD Million)
Table 74 North America construction equipment market, by product, 2018 - 2030 (USD Million)
Table 75 North America construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 76 North America construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 77 North America construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 78 North America construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 79 The U.S. construction equipment market, 2018 - 2030 (USD Million)
Table 80 The U.S. construction equipment market, by product, 2018 - 2030 (USD Million)
Table 81 The U.S. construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 82 The U.S. construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 83 The U.S. construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 84 The U.S. construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 85 Canada construction equipment market, 2018 - 2030 (USD Million)
Table 86 Canada construction equipment market, by product, 2018 - 2030 (USD Million)
Table 87 Canada construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 88 Canada construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 89 Canada construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 90 Canada construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 91 Europe construction equipment market, 2018 - 2030 (USD Million)
Table 92 Europe construction equipment market, by product, 2018 - 2030 (USD Million)
Table 93 Europe construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 94 Europe construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 95 Europe construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 96 Europe construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 97 Germany construction equipment market, 2018 - 2030 (USD Million)
Table 98 Germany construction equipment market, by product, 2018 - 2030 (USD Million)
Table 99 Germany construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 100 Germany construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 101 Germany construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 102 Germany construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 103 The U.K. construction equipment market, 2018 - 2030 (USD Million)
Table 104 The U.K. construction equipment market, by product, 2018 - 2030 (USD Million)
Table 105 The U.K. construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 106 The U.K. construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 107 The U.K. construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 108 The U.K. construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 109 France construction equipment market, 2018 - 2030 (USD Million)
Table 110 France construction equipment market, by product, 2018 - 2030 (USD Million)
Table 111 France construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 112 France construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 113 France construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 114 France construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 115 Italy construction equipment market, 2018 - 2030 (USD Million)
Table 116 Italy construction equipment market, by product, 2018 - 2030 (USD Million)
Table 117 Italy construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 118 Italy construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 119 Italy construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 120 Italy construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 121 Spain construction equipment market, 2018 - 2030 (USD Million)
Table 122 Spain construction equipment market, by product, 2018 - 2030 (USD Million)
Table 123 Spain construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 124 Spain construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 125 Spain construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 126 Spain construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 127 Asia Pacific construction equipment market, 2018 - 2030 (USD Million)
Table 128 Asia Pacific construction equipment market, by product, 2018 - 2030 (USD Million)
Table 129 Asia Pacific construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 130 Asia Pacific construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 131 Asia Pacific construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 132 Asia Pacific construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 133 China construction equipment market, 2018 - 2030 (USD Million)
Table 134 China construction equipment market, by product, 2018 - 2030 (USD Million)
Table 135 China construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 136 China construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 137 China construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 138 China construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 139 India construction equipment market, 2018 - 2030 (USD Million)
Table 140 India construction equipment market, by product, 2018 - 2030 (USD Million)
Table 141 India construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 142 India construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 143 India construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 144 India construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 145 Japan construction equipment market, 2018 - 2030 (USD Million)
Table 146 Japan construction equipment market, by product, 2018 - 2030 (USD Million)
Table 147 Japan construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 148 Japan construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 149 Japan construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 150 Japan construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 151 Australia construction equipment market, 2018 - 2030 (USD Million)
Table 152 Australia construction equipment market, by product, 2018 - 2030 (USD Million)
Table 153 Australia construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 154 Australia construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 155 Australia construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 156 Australia construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 157 South Korea construction equipment market, 2018 - 2030 (USD Million)
Table 158 South Korea construction equipment market, by product, 2018 - 2030 (USD Million)
Table 159 South Korea construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 160 South Korea construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 161 South Korea construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 162 South Korea construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 163 Latin America construction equipment market, 2018 - 2030 (USD Million)
Table 164 Latin America construction equipment market, by product, 2018 - 2030 (USD Million)
Table 165 Latin America construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 166 Latin America construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 167 Latin America construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 168 Latin America construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 169 Brazil construction equipment market, 2018 - 2030 (USD Million)
Table 170 Brazil construction equipment market, by product, 2018 - 2030 (USD Million)
Table 171 Brazil construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 172 Brazil construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 173 Brazil construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 174 Brazil construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 175 Mexico construction equipment market, 2018 - 2030 (USD Million)
Table 176 Mexico construction equipment market, by product, 2018 - 2030 (USD Million)
Table 177 Mexico construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 178 Mexico construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 179 Mexico construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 180 Mexico construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 181 Argentina construction equipment market, 2018 - 2030 (USD Million)
Table 182 Argentina construction equipment market, by product, 2018 - 2030 (USD Million)
Table 183 Argentina construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 184 Argentina construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 185 Argentina construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 186 Argentina construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 187 Middle East & Africa construction equipment market, 2018 - 2030 (USD Million)
Table 188 Middle East & Africa construction equipment market, by product, 2018 - 2030 (USD Million)
Table 189 Middle East & Africa construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 190 Middle East & Africa construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 191 Middle East & Africa construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 192 Middle East & Africa construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 193 The U.A.E. construction equipment market, 2018 - 2030 (USD Million)
Table 194 The U.A.E. construction equipment market, by product, 2018 - 2030 (USD Million)
Table 195 The U.A.E. construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 196 The U.A.E. construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 197 The U.A.E. construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 198 The U.A.E. construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 199 Saudi Arabia construction equipment market, 2018 - 2030 (USD Million)
Table 200 Saudi Arabia construction equipment market, by product, 2018 - 2030 (USD Million)
Table 201 Saudi Arabia construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 202 Saudi Arabia construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 203 Saudi Arabia construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 204 Saudi Arabia construction equipment market, by engine capacity, 2018 - 2030 (USD Million)
Table 205 South Africa construction equipment market, 2018 - 2030 (USD Million)
Table 206 South Africa construction equipment market, by product, 2018 - 2030 (USD Million)
Table 207 South Africa construction equipment market, by propulsion type, 2018 - 2030 (USD Million)
Table 208 South Africa construction equipment market, by equipment type, 2018 - 2030 (USD Million)
Table 209 South Africa construction equipment market, by power output, 2018 - 2030 (USD Million)
Table 210 South Africa construction equipment market, by engine capacity, 2018 - 2030 (USD Million)


List of Figures

Fig. 1 Market segmentation and scope
Fig. 2 Construction equipment market, 2018 - 2030 (USD Million)
Fig. 3 Construction equipment market - Value chain analysis
Fig. 4 Construction equipment market - Market dynamics
Fig. 5 Construction equipment market - Key market driver impact
Fig. 6 Construction equipment market - Key market restraint impact
Fig. 7 Construction equipment market - Key opportunities prioritized.
Fig. 8 Construction equipment market - Porter’s five forces analysis
Fig. 9 Construction equipment market - PESTEL analysis
Fig. 10 Construction equipment market, by product, 2023
Fig. 11 Construction equipment market, by equipment type, 2023
Fig. 12 Construction equipment market, by propulsion type, 2023
Fig. 13 Construction equipment market, by power output, 2023
Fig. 14 Construction equipment market, by engine capacity, 2023
Fig. 15 Construction equipment market, by region, 2023
Fig. 16 Construction equipment market - Regional takeaways
Fig. 17 North America construction equipment market - Key takeaways
Fig. 18 Europe construction equipment market - Key takeaways
Fig. 19 Asia Pacific construction equipment market - Key takeaways
Fig. 20 Latin America construction equipment market - Key takeaways
Fig. 21 Middle East & Africa construction equipment market - Key takeaways

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Market Segmentation

  • Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Earth Moving Machinery
      • Excavators
          • Wheel
          • Crawler
      • Loaders
          • Backhoe Loaders
          • Skid Steer Loaders
          • Crawler/Track Loaders
          • Wheeled Loaders
      • Dump Trucks
      • Moto Graders
      • Dozers
          • Wheel
          • Crawler
    • Material Handling Machinery
      • Crawler Cranes
      • Trailer Mounted Cranes
      • Truck Mounted Cranes
      • Forklift
    • Concrete and Road Construction Machinery
      • Concrete Mixer & Pavers
      • Construction Pumps
      • Others
  • Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)
    • Heavy Construction Equipment
    • Compact Construction Equipment
  • Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
    • ICE
    • Electric
    • CNG/LNG
  • Power Output Outlook (Revenue, USD Million, 2018 - 2030)
    • <100 HP
    • 101-200 HP
    • 201-400 HP
    • >401 HP
  • Engine Capacity Outlook (Revenue, USD Million, 2018 - 2030)
    • Up to 250 HP
    • 250-500 HP
    • More than 500 HP
  • Region Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Construction Equipment Market, by Product
        • Earth Moving Machinery
          • Excavators
            • Wheel
            • Crawler
          • Loaders
            • Backhoe Loaders
            • Skid Steer Loaders
            • Crawler/Track Loaders
            • Wheeled Loaders
          • Dump Trucks
          • Moto Graders
          • Dozers
            • Wheel
            • Crawler
        • Material Handling Machinery
          • Crawler Cranes
          • Trailer Mounted Cranes
          • Truck Mounted Cranes
          • Forklift
        • Concrete and Road Construction Machinery
          • Concrete Mixer & Pavers
          • Construction Pumps
          • Others
      • North America Construction Equipment Market, by Equipment Type
        • Heavy Construction Equipment
        • Compact Construction Equipment
      • North America Construction Equipment Market, by Propulsion Type
        • ICE
        • Electric
        • CNG/LNG
      • North America Construction Equipment Market, by Power Output
        • <100 HP
        • 101-200 HP
        • 201-400 HP
        • >401 HP
      • North America Construction Equipment Market, by Engine Capacity
        • Up to 250 HP
        • 250-500 HP
        • More than 500 HP
      • U.S.
        • U.S. Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • U.S. Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • U.S. Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • U.S. Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • U.S. Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Canada
        • Canada Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Canada Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Canada Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Canada Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Canada Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
    • Europe
      • Europe Construction Equipment Market, by Product
        • Earth Moving Machinery
          • Excavators
            • Wheel
            • Crawler
          • Loaders
            • Backhoe Loaders
            • Skid Steer Loaders
            • Crawler/Track Loaders
            • Wheeled Loaders
          • Dump Trucks
          • Moto Graders
          • Dozers
            • Wheel
            • Crawler
        • Material Handling Machinery
          • Crawler Cranes
          • Trailer Mounted Cranes
          • Truck Mounted Cranes
          • Forklift
        • Concrete and Road Construction Machinery
          • Concrete Mixer & Pavers
          • Construction Pumps
          • Others
      • Europe Construction Equipment Market, by Equipment Type
        • Heavy Construction Equipment
        • Compact Construction Equipment
      • Europe Construction Equipment Market, by Propulsion Type
        • ICE
        • Electric
        • CNG/LNG
      • Europe Construction Equipment Market, by Power Output
        • <100 HP
        • 101-200 HP
        • 201-400 HP
        • >401 HP
      • Europe Construction Equipment Market, by Engine Capacity
        • Up to 250 HP
        • 250-500 HP
        • More than 500 HP
      • U.K.
        • U.K. Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • U.K. Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • U.K. Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • U.K. Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • U.K. Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Germany
        • Germany Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Germany Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Germany Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Germany Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Germany Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • France
        • France Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • France Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • France Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • France Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • France Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Italy
        • Italy Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Italy Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Italy Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Italy Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Italy Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Spain
        • Spain Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Spain Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Spain Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Spain Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Spain Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
    • Asia Pacific
      • Asia Pacific Construction Equipment Market, by Product
        • Earth Moving Machinery
          • Excavators
            • Wheel
            • Crawler
          • Loaders
            • Backhoe Loaders
            • Skid Steer Loaders
            • Crawler/Track Loaders
            • Wheeled Loaders
          • Dump Trucks
          • Moto Graders
          • Dozers
            • Wheel
            • Crawler
        • Material Handling Machinery
          • Crawler Cranes
          • Trailer Mounted Cranes
          • Truck Mounted Cranes
          • Forklift
        • Concrete and Road Construction Machinery
          • Concrete Mixer & Pavers
          • Construction Pumps
          • Others
      • Asia Pacific Construction Equipment Market, by Equipment Type
        • Heavy Construction Equipment
        • Compact Construction Equipment
      • Asia Pacific Construction Equipment Market, by Propulsion Type
        • ICE
        • Electric
        • CNG/LNG
      • Asia Pacific Construction Equipment Market, by Power Output
        • <100 HP
        • 101-200 HP
        • 201-400 HP
        • >401 HP
      • Asia Pacific Construction Equipment Market, by Engine Capacity
        • Up to 250 HP
        • 250-500 HP
        • More than 500 HP
      • China
        • China Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • China Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • China Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • China Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • China Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • India
        • India Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • India Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • India Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • India Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • India Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Japan
        • Japan Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Japan Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Japan Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Japan Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Japan Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Australia
        • Australia Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Australia Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Australia Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Australia Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Australia Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • South Korea
        • South Korea Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • South Korea Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • South Korea Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • South Korea Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • South Korea Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
    • Latin America
      • Latin America Construction Equipment Market, by Product
        • Earth Moving Machinery
          • Excavators
            • Wheel
            • Crawler
          • Loaders
            • Backhoe Loaders
            • Skid Steer Loaders
            • Crawler/Track Loaders
            • Wheeled Loaders
          • Dump Trucks
          • Moto Graders
          • Dozers
            • Wheel
            • Crawler
        • Material Handling Machinery
          • Crawler Cranes
          • Trailer Mounted Cranes
          • Truck Mounted Cranes
          • Forklift
        • Concrete and Road Construction Machinery
          • Concrete Mixer & Pavers
          • Construction Pumps
          • Others
      • Latin America Construction Equipment Market, by Equipment Type
        • Heavy Construction Equipment
        • Compact Construction Equipment
      • Latin America Construction Equipment Market, by Propulsion Type
        • ICE
        • Electric
        • CNG/LNG
      • Latin America Construction Equipment Market, by Power Output
        • <100 HP
        • 101-200 HP
        • 201-400 HP
        • >401 HP
      • Latin America Construction Equipment Market, by Engine Capacity
        • Up to 250 HP
        • 250-500 HP
        • More than 500 HP
      • Brazil
        • Brazil Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Brazil Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Brazil Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Brazil Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Brazil Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Mexico
        • Mexico Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Mexico Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Mexico Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Mexico Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Mexico Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Argentina
        • Argentina Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Argentina Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Argentina Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Argentina Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Argentina Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
    • MEA
      • MEA Construction Equipment Market, by Product
        • Earth Moving Machinery
          • Excavators
            • Wheel
            • Crawler
          • Loaders
            • Backhoe Loaders
            • Skid Steer Loaders
            • Crawler/Track Loaders
            • Wheeled Loaders
          • Dump Trucks
          • Moto Graders
          • Dozers
            • Wheel
            • Crawler
        • Material Handling Machinery
          • Crawler Cranes
          • Trailer Mounted Cranes
          • Truck Mounted Cranes
          • Forklift
        • Concrete and Road Construction Machinery
          • Concrete Mixer & Pavers
          • Construction Pumps
          • Others
      • MEA Construction Equipment Market, by Equipment Type
        • Heavy Construction Equipment
        • Compact Construction Equipment
      • MEA Construction Equipment Market, by Propulsion Type
        • ICE
        • Electric
        • CNG/LNG
      • MEA Construction Equipment Market, by Power Output
        • <100 HP
        • 101-200 HP
        • 201-400 HP
        • >401 HP
      • MEA Construction Equipment Market, by Engine Capacity
        • Up to 250 HP
        • 250-500 HP
        • More than 500 HP
      • U.A.E.
        • U.A.E. Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • U.A.E. Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • U.A.E. Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • U.A.E. Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • U.A.E. Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • Saudi Arabia
        • Saudi Arabia Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • Saudi Arabia Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • Saudi Arabia Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • Saudi Arabia Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • Saudi Arabia Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP
      • South Africa
        • South Africa Construction Equipment Market, by Product
          • Earth Moving Machinery
            • Excavators
              • Wheel
              • Crawler
            • Loaders
              • Backhoe Loaders
              • Skid Steer Loaders
              • Crawler/Track Loaders
              • Wheeled Loaders
            • Dump Trucks
            • Moto Graders
            • Dozers
              • Wheel
              • Crawler
          • Material Handling Machinery
            • Crawler Cranes
            • Trailer Mounted Cranes
            • Truck Mounted Cranes
            • Forklift
          • Concrete and Road Construction Machinery
            • Concrete Mixer & Pavers
            • Construction Pumps
            • Others
        • South Africa Construction Equipment Market, by Equipment Type
          • Heavy Construction Equipment
          • Compact Construction Equipment
        • South Africa Construction Equipment Market, by Propulsion Type
          • ICE
          • Electric
          • CNG/LNG
        • South Africa Construction Equipment Market, by Power Output
          • <100 HP
          • 101-200 HP
          • 201-400 HP
          • >401 HP
        • South Africa Construction Equipment Market, by Engine Capacity
          • Up to 250 HP
          • 250-500 HP
          • More than 500 HP

Construction Equipment Market Dynamics

Drivers: Increasing Construction Spending Favors Market Growth

The global rise in construction expenditure is anticipated to fuel the demand for construction equipment in the future. The U.S., for example, has seen a substantial increase in construction spending in recent years, as shown in the figure below. This growth is projected to continue, driven by beneficial government initiatives such as the U.S. government’s stimulus packages. The U.S. government’s infrastructure plan, announced in January 2021, aims to revamp airports, update aging road infrastructure and transit systems, and retrofit over two million homes and commercial buildings. These initiatives are likely to spur substantial investments in nonresidential construction projects, thereby boosting the demand for construction equipment. In Asian countries like China and India, the growing population is creating a demand for improved infrastructure, including homes, schools, hospitals, stadiums, government buildings, and airports. For example, the Indian government announced in 2019 that it would invest USD 1.4 trillion in infrastructure projects from 2019 to 2023, indicating a future demand for construction machinery in the country. The Indian government has also initiated several infrastructure development plans, such as the Bharatmala Pariyojana, which aims to enhance the country’s road networks. In 2021, infrastructure activities accounted for a 13% share of India’s total FDI inflows of USD 81.72 billion. The increasing number of favorable government policies promoting the Public-Private Partnership (PPP) model is also expected to benefit the global construction equipment market in the future.

China’s Infrastructure Expansion Plans Through The Belt And Road Initiative

China’s ambitious plans for growth in infrastructure development and manufacturing sectors are projected to propel the construction equipment market in the coming years. The Belt and Road Initiative (BRI), which has been joined by approximately 140 countries as of January 2021, is expected to stimulate substantial investments in new development projects. The BRI includes countries ranging from economically disadvantaged to developed nations. For less privileged countries, the BRI could provide the necessary development funds for infrastructure such as highways, bridges, and ports, and offer access to markets in China and other BRI-connected countries. This initiative could also enable these countries to lessen their reliance on financial and infrastructure support from developed countries, and simultaneously provide opportunities for domestic Chinese Original Equipment Manufacturers (OEMs) to venture into unexplored markets. The BRI is anticipated to be highly advantageous for China’s State-Owned Enterprises (SOEs) in the cement, steel, and construction sectors. These companies, which have built significant capacity to serve the once-booming domestic economy, are now seeking productive uses for their resources in new markets due to the recent economic slowdown in China. Opportunities to invest in large-scale foreign infrastructure projects could enable the country to export its surplus. In addition to the BRI, the Chinese government’s new infrastructure plan, announced in April 2020, emphasizes the development of innovative infrastructure (such as science and IT parks), information infrastructure (like data centers and 5G networks), and integrated infrastructure (including charging stations for electric vehicles). This plan is expected to boost the demand for construction equipment in China and related countries in the future.

Restrains: High Upfront Cost Of Equipment

Acquiring costly construction equipment, some of which may cost over USD 50,000 per unit, can pose a challenge for small contractors and engineering companies. The added burden of maintenance and repair expenses for these machines could strain their construction budgets. As a result, many customers are opting to rent construction machinery instead.

What Does This Report Include?

This section will provide insights into the contents included in this construction equipment market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Construction equipment market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Construction equipment market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the construction equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for construction equipment market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of construction equipment market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Construction Equipment Market Categorization:

The construction equipment market was categorized into four segments, namely product (Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery), propulsion type (ICE, Electric, CNG/LNG), power output (<100 HP, 101-200 HP, 201-400 HP, >401 HP), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The construction equipment market was segmented into product, propulsion type, power output, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The construction equipment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; UAE; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Construction equipment market companies & financials:

The construction equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Caterpillar - Caterpillar is a manufacturer and supplier of mining and construction equipment, industrial gas turbines, diesel and natural gas engines, and diesel-electric locomotives, catering to the construction, energy & resource, and transportation sectors. The company operates through three main divisions: Resource Industries, Energy & Transportation, and Construction Industries. The Construction Industries division offers machinery essential for building construction and infrastructure development. This division’s product range includes small track-type tractors, motor graders, small wheel loaders, multi-terrain loaders, telehandlers, wheel excavators, backhoe loaders, skid steer loaders, and more. A significant portion of the company’s expenditure is dedicated to the production of next-generation construction machines. Caterpillar has a global footprint, with operations in Europe, Asia, the Middle East, North America, and Latin America. The company maintains logistics, manufacturing, marketing, and R&D facilities, as well as dealerships, at over 500 locations worldwide.

  • CNH Industrial N.V. - CNH Industrial N.V. is a company that specializes in the provision of industrial equipment. They are involved in the design and production of a diverse array of equipment and parts for agriculture and construction. The company’s operations are divided into three main segments: Agriculture, Construction, Commercial and Specialty Vehicles, Financial Services, and Powertrain. Their product line includes a variety of machinery such as wheel loaders, dozers, graders, crawlers, wheeled excavators, and light construction equipment. This also encompasses skid steer and tracked loaders, backhoe loaders, compact wheel loaders, telehandlers, and mini and midi excavators. CNH Industrial N.V. caters to a wide range of clients including construction firms, local governments, municipal corporations, rental companies, contractors, residential and commercial builders, and logistics companies, among others. Their products are marketed and distributed via a network of dealers and distributors. The company has a global footprint, with operations in 180 countries. It boasts 66 manufacturing plants and 57 research and development centers worldwide. In 2020, CNH Industrial N.V. invested a substantial amount of USD 932 million in research and development activities.

  • Escorts Limited - Escorts Limited is a company based in India that specializes in the production and sale of construction equipment, railway equipment, and agricultural machinery, both domestically and internationally. The company’s agricultural tractors are marketed under the Escorts, Farmtrac, and Powertrac brands. In addition to tractors, Escorts Limited also provides a range of other products including lubricants, crop solutions, engines, and generator sets. Their portfolio extends to earthmoving and material handling equipment, construction equipment, heating elements, round and flat tubes, brake blocks, automobile shock absorbers, telescopic front fork, McPherson struts, and internal combustion engines. They also manufacture various types of brakes for railway applications. Furthermore, the company offers oils & lubricants, tractors, trailers, compressor accessories and spares, and earthmoving and material handling equipment. Escorts Limited is also engaged in the aero business. The company operates seven manufacturing plants in India, with four dedicated to agricultural machinery, one to construction equipment, and two to railway equipment.

  • Hitachi Construction Machinery Co., Ltd. - Hitachi Construction Machinery Co., Ltd. is a company that specializes in the manufacturing, sales, and servicing of construction machinery, transportation machinery, and other related equipment. Their product range includes demolition equipment, wheel loaders, cranes, foundation machines, mini and medium excavators, large excavators/loading shovels, demolition equipment, metal recycling equipment, rigid dump trucks, forest machines, compaction equipment, mine management systems, and mini loaders. They also offer various used equipment and attachments. The company’s operations are divided into two main segments: the Construction Machinery Business and the Solution Business. The products of Hitachi Construction Machinery Co., Ltd. find their applications in a variety of sectors including snow removal, mine development and mining, forestry, livestock raising, agriculture, civil engineering, demolition, recycling, and stevedoring. Hitachi Construction Machinery Co., Ltd. operates as a subsidiary of Hitachi Ltd. and has a global presence, with operations across Europe, Africa, North America, Asia, Oceania, and the Middle East.

  • Hyundai Construction Equipment Co., Ltd. - Hyundai Construction Equipment Co., Ltd. is a company that specializes in the production of construction equipment, covering a wide range of material handling and construction machinery such as excavators, backhoe loaders, wheel loaders, forklifts, and skid loaders. The company is also involved in the manufacture of heavy machinery and construction equipment, including concrete mixers, bulldozers, cranes, pavers, dredging machinery, and power shovels, which are primarily used in the construction industry. In addition to this, Hyundai Construction Equipment Co., Ltd. produces forestry equipment and a variety of specialized equipment, including aerial work platforms, automobile wrecker hoists, elevating platforms, ship cranes, and capstans. The company was established as a spin-off from Hyundai Heavy Industries and was the first in Korea to launch a used construction equipment auction business. Hyundai Construction Equipment Co., Ltd. operates in cooperation with local subsidiaries in several countries, including China, Brazil, India, Indonesia, and North America.

  • J C Bamford Excavators Ltd. -  J C Bamford Excavators Ltd., a subsidiary of Transmissions and Engineering Services Netherlands BV, specializes in the production of construction equipment. Their product range includes compaction equipment, backhoe, and compact track loaders, hydraulic excavators, lighting towers, defense products, industrial and rough terrain forklifts, diesel generators, light equipment, site dumpers, skid steer loaders, telescopic handlers, telescopic and wheel loaders. The company operates manufacturing facilities in several countries including the UK, India, Brazil, China, Germany, and the U.S. Additionally, it has subsidiaries in Singapore and various European locations.

  • Deere & Company - Deere & Company is a manufacturer and distributor of equipment for forestry, construction, turf, and agriculture. Their extensive product line caters to residential, agricultural, construction, landscaping, ground care, golf & sports turf forestry, and engine & drivetrain applications. They also offer equipment operations and financial services. Their construction & forestry division provides a variety of equipment including crawler loaders, dozers, backhoe loaders, excavators, four-wheel-drive loaders, articulated dump trucks, motor graders, skid-steer loaders, landscape loaders, feller bunchers, log skidders, log harvesters, and log forwarders. These are used in material handling, construction, timber harvesting, and earthmoving applications. The turf and agriculture division of Deere & Company provides turf and agricultural equipment, utility tractors, sugarcane harvesters, loaders, and forage and hay equipment like bailers, mowers, commercial mowing equipment, and other outdoor power products. The company’s financial services unit not only contributes to the company’s earnings but also offers competitive financing to its global customers.

  • Kobelco Construction Machinery Co., Ltd. - Kobelco Construction Machinery Co. Ltd., a subsidiary of Kobe Steel Ltd., is a company that specializes in the manufacture, sale, and service of construction equipment. Their product offerings include hydraulic and mini excavators, as well as recycling equipment. They also provide a range of services such as inspection, consulting, and after-sales support. In addition to new equipment, the company also deals in used construction equipment. With manufacturing facilities in Japan, China, Thailand, and India, Kobelco has a robust global presence, operating in over eight countries and covering nearly all regions worldwide.

  • Komatsu Ltd. - Komatsu Ltd. is a company that specializes in the production, development, sales, and marketing of a variety of services and products for industrial use. The company’s operations are divided into several segments, including Construction, Mining, and Utility Equipment Business, Retail Finance, Industrial Machinery, and others. Through its construction, mining, and utility equipment segment, it provides a range of equipment such as construction and mining equipment, forklift trucks, forest machines, recycling equipment, and tunneling machines. This segment also includes bulldozers, mini excavators, continuous miners, electric rope shovels, hydraulic excavators, wheel loaders, motor graders, dump trucks, and forklift trucks. Komatsu Ltd. operates more than 81 production bases globally and sells its products directly to customers as well as through various trading and distributor companies.

  • Liebherr-International AG - Liebherr-International AG, in collaboration with its subsidiaries, is a provider and producer of construction machinery. The company’s offerings include commercial freezing and refrigeration units, household appliances, various types of cranes (crawler, mobile, maritime, and tower), deep foundation machines, and port equipment. In addition, Liebherr-International AG supplies mobile construction cranes, aerospace systems, mining equipment, concrete technology, material handling equipment, transportation systems, machine tools, and automation components and systems. The company is involved in the construction, maintenance, and development of pontoons, ships, mobile harbors, and container cranes for diverse cargo handling. The company also provides used machines and construction machinery for rent, along with used attachments and spare parts. Liebherr-International AG offers services related to industrial plant setup and licensing/equipment, and it also operates and owns hotels. The company conducts online sales of clothing and construction machinery, as well as related accessories. With over 140 subsidiaries spread across more than 50 countries, Liebherr-International AG operates more than 40 production facilities globally.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Construction Equipment Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Construction Equipment Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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