Construction Equipment Market by Type, Power Source, End-Use

Description

List of Tables

[188 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 144.03 billion
Estimated Year [2024]	USD 152.30 billion
Forecast Year [2030]	USD 215.57 billion
CAGR (%)	5.92%

Type: Various types of construction equipments

Excavators are versatile and powerful earthmoving machines commonly used for digging trenches, holes or foundations. Loaders are essential equipment in earthmoving operations designed to load loose materials like soil, sand or gravel onto other transportation vehicles such as dump trucks. Bulldozers are robust crawler-type tractors equipped with a large metal plate called a blade for pushing large quantities of soil, debris or other materials during construction projects. Cranes are specialized lifting equipment that facilitate the efficient and safe movement of heavy loads in construction sites. Road rollers, also known as compaction equipment, are essential for constructing roads and compacting surfaces like soil or asphalt. Additionally, Concrete equipment plays a vital role in handling, mixing, transporting, placing and finishing concrete during construction projects.

Power Source: Significance of power types on utilization of construction equipments

Diesel engines are preferred for powering heavy-duty construction equipment due to their high torque, durability, and reliability. Diesel engines provide a greater energy density than other fuel types, resulting in longer runtime and increased efficiency for construction machines. Electric power sources are gaining traction in the construction industry due to their potential cost savings and reduced environmental impact other than conventional fuels. Hybrid power sources combine traditional internal combustion engines with electric motor technologies to maximize the advantages offered by both systems while minimizing their limitations.

End-Use: Diverse applications construction equipment across industries

Construction equipment is widely used during the construction of commercial buildings, public infrastructure, and residential buildings for creating strong foundations and for landscaping purposes. Heavy construction equipment is utilized for developing private roads, parking lots, and recreation courts in commercial and residential spaces.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. 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.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Construction Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Equipment Market?

3. What are the technology trends and regulatory frameworks in the Construction Equipment Market?

4. What is the market share of the leading vendors in the Construction Equipment Market?

5. Which modes and strategic moves are suitable for entering the Construction Equipment Market?

Product Code: MRR-FB6C9E7931F1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing urbanization and construction of high rise buildings globally
  - 5.1.1.2. Rapidly increasing investments in infrastructure development in developing economies
  - 5.1.1.3. Rising number of favorable government policies for construction of public infrastructure systems
- 5.1.2. Restraints
  - 5.1.2.1. Limited availability of skilled workforce for handling construction equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of safety technologies to procure construction equipment
  - 5.1.3.2. Introduction of electric and autonomous construction equipment
- 5.1.4. Challenges
  - 5.1.4.1. Stringent government regulations associated with construction equipment
5.2. Market Segmentation Analysis
- 5.2.1. Type: Various types of construction equipments
- 5.2.2. Power Source: Significance of power types on utilization of construction equipments
- 5.2.3. End-Use: Diverse applications construction equipment across industries
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Construction Equipment Market, by Type

6.1. Introduction
6.2. Concrete Mixers
6.3. Construction Vehicles
6.4. Earth Moving Equipment
6.5. Heavy-Duty Pumps
6.6. Hot Mix Plants
6.7. Material Handling Equipment
6.8. Road Making Machines
6.9. Stone Crushers
6.10. Tunneling & Handling Equipment

7. Construction Equipment Market, by Power Source

7.1. Introduction
7.2. Diesel
7.3. Electric
7.4. Hybrid

8. Construction Equipment Market, by End-Use

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Construction Equipment Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Construction Equipment Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Construction Equipment Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Hy-Brid Lifts Announces Strategic Partnership with ASKO
- 12.3.2. Volvo Construction Equipment to Set Up A New Compact Business Unit
- 12.3.3. Wacker Neuson Buys Equipment Manufacturer Enar Industrial Vehicle Technology International
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio