[199 Pages Report] The Construction Equipment Market size was estimated at USD 144.03 billion in 2023 and expected to reach USD 152.30 billion in 2024, at a CAGR 5.92% to reach USD 215.57 billion by 2030.
Construction equipment, including air compressors, pneumatic or hydraulic tools, bulldozers, excavators, rollers, and concrete mixers, are designed and intended for usage in construction or material handling operations. These equipment are widely employed for carrying out construction activities as they lower overall construction costs and boost construction output by using the most effective and efficient approaches as work progresses. The adoption of construction equipment is increasing with accelerated urbanization and significant investments in building and construction projects. However, the limited availability of skilled workers for handling machinery and stringent government regulations associated with the use of construction equipment may reduce their employment by end-users. New technologies and the introduction of electric and autonomous vehicles may reduce safety issues and expand construction equipment use.
Regional Insights
The construction equipment market in the Americas, APAC, and Europe is experiencing a significantly increasing landscape owing to the surge in the number of construction projects in the U.S., Canada, the UK, India, Australia, China, South Korea, and Japan, among others. Additionally, the governments in the Americas and APAC region are heavily investing and taking initiatives to upscale the construction activities and road and building infrastructure in their respective regions. Several regional architectural and interior working firms are adopting construction equipment to safely, efficiently, and cost-effectively increase the throughput of construction activities in countries such as Chile, Brazil, and Argentina. The Asia Pacific region contributes to the market growth with China, Japan, India, Australia, and South Korea being major contributors. This growth can be attributed to rapid urbanization, growing construction industries in emerging markets, and increased infrastructure investments under various government initiatives.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Construction Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Construction Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Construction Equipment Market, highlighting leading vendors and their innovative profiles. These include AB Volvo, Action Construction Equipment Ltd., AHERN RENTALS, AIS Construction, AKTIO Corporation, Ashtead Group plc, Associated Supply Company, Inc., Atlas Copco, Boels Verhuur B.V., Caterpillar Inc., Century Equipment Company by Sandhills Global, Inc., Chicago Metal Fabricators, CJD Equipment, CNH Industrial America LLC, ConInfra Machinery Pvt Ltd., D.W. Lift Sales, Inc., Deere & Company, Dynapac Compaction Equipment AB, Escorts Limited by Kubota Corporation, FIORI GROUP S.p.A., H&E Equipment Services, Inc., Herc Rentals Inc., Hidromek, Hitachi Ltd., Hoffman Equipment Co., Hoppt Australia Pty. Ltd., Hyundai Doosan Infracore by Hyundai Heavy Industries Group, J C Bamford Excavators Ltd., Kanamoto Co., Ltd., Kiloutou Group, KOBE STEEL, LTD., Kobelco Construction Machinery Co., Ltd., Komatsu Ltd., Kubota Australia Pty. Ltd., Landex, Larsen & Toubro Limited, Liebherr-International Deutschland GmbH, Manitou BF, Maxim Crane Works, L.P., Multiquip Inc., Rentquip Canada Limited, Rhino Equipment Group, SANY America Inc., Schaeffler (UK) Ltd., Sugam Infrastructure Limited, Sumitomo Heavy Industries, Ltd., Terex Corporation, United Rentals, Inc., Vertu Equipment, Westerra Equipment by Wesgroup Equipment company, and XCMG Group.
Market Segmentation & Coverage
This research report categorizes the Construction Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Concrete Mixers
- Construction Vehicles
- Dumpers
- Tippers
- Trailers
- Earth Moving Equipment
- Backhoe
- Bulldozers
- Crawler Loaders
- Excavators
- Loaders
- Motor Graders
- Motor Scrapers
- Skid Steer Loaders
- Trenchers
- Wheeled Loading Shovel
- Heavy-Duty Pumps
- Hot Mix Plants
- Material Handling Equipment
- Conveyers
- Cranes
- Forklifts
- Hoists
- Road Making Machines
- Road Rollers
- Slurry Seal Machines
- Stone Crushers
- Tunneling & Handling Equipment
- Power Source
- Diesel
- Electric
- Hybrid
- End-Use
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Construction Equipment Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Equipment Market?
- What are the technology trends and regulatory frameworks in the Construction Equipment Market?
- What is the market share of the leading vendors in the Construction Equipment Market?
- Which modes and strategic moves are suitable for entering the Construction Equipment Market?
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