Market Research Report
Construction Equipment Market 2021-2027
|Construction Equipment Market 2021-2027|
Published: May 18, 2021
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Construction Equipment Market Size, Share & Trends Analysis Report by Machinery Type (Earth Moving Equipment (Cranes, Loader & Backhoe, Telescopic Handlers, Excavators, Motor Graders, and Others (Trencher)), Material Handling Equipment (Hoists, Conveyors, Forklifts, and Others (Industrial Trucks)), and Other Construction Equipment (Concrete Mixers, Road Rollers, Stone Crushers, Dumpers, Tippers & Trailers, and Others (Slurry Seal Machines)), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027
The global construction equipment market is projected to grow at a modest CAGR of 4.0% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rising building and construction industry, owing to the shift of the consumers towards the urban areas. Hence, urbanization is a major factor that drives the market growth over the forecast period. Increased investments in infrastructure post-COVID-19 in order to stimulate economic growth across the globe are further expected to bolster the demand for construction equipment over the forecast period.
The global construction equipment market is segmented on the basis of machinery type and industry. Based on the machinery type, the market is segmented as earth moving equipment, material handling equipment, and other construction equipment. The earth moving equipment segment includes cranes, loader & backhoe, telescopic handlers, excavators, motor graders, and others (trencher). The material handling equipment segment includes hoists, conveyors, forklifts, and others (industrial trucks). The other construction equipment includes concrete mixers, road rollers, stone crushers, dumpers, tippers & trailers, and others (slurry seal machines). The material handling equipment segment is estimated to hold a lucrative share in the market. Based on the industry, the market is segmented as construction & infrastructure, manufacturing, mining, and others (oil & gas). The construction & infrastructure segment is estimated to hold a lucrative share in the market.
Further, on the basis of geography, the market is segmented as North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is likely to hold a substantial share in the global market over the forecast period. Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., Kobelco Construction Machinery Co. Ltd., and Volvo Group among others are some of the prominent players functioning in the global construction equipment market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
The market study of the global construction equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Global Construction Equipment Market Research and Analysis by Machinery Type
Global Construction Equipment Market Research and Analysis by Industry
The Report Covers
Comprehensive research methodology of the global construction equipment market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global construction equipment market.
Insights about market determinants which are stimulating the global construction equipment market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of the market players.