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Market Research Report

US Heavy Construction Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Type, Application, and Industry (Construction, Oil and Gas, Mining, Manufacturing, and Others

Published by The Insight Partners Product code 990837
Published Content info 139 Pages
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US Heavy Construction Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Type, Application, and Industry (Construction, Oil and Gas, Mining, Manufacturing, and Others
Published: January 28, 2021 Content info: 139 Pages
Description

The US heavy construction equipment market was valued at US$ 38,382.5 million in 2019 and is expected to reach US$ 52,477.6 million by 2027; it is estimated to grow at a CAGR of 6.2% during 2020-2027.

Increase in infrastructural projects and development of urbanization are fueling the demand for construction equipment. Due to rising infrastructural projects, there is an increase in need for equipment integrated with sophisticated technologies to ensure a higher level of productivity. As per the PwC report on "Global Construction 2030," the construction output volume would reach US$ 15.5 trillion by 2030. Under this, China, the US, and India are projected to lead the growth of heavy construction equipment market. Moreover, in the US, a few states are witnessing an increase in construction-related projects, which is fueling the demand for heavy construction equipment. For instance, Illinois has granted US$ 39.5 million for 27 projects for building modern infrastructure and assist continued economic development throughout the state. The financial assistance would be utilized to fuel shovel-ready public works projects and long-term infrastructure upgrades around Illinois.

Technological advancements by various key players in the US heavy construction equipment market are projected to provide lucrative opportunities for widening the market growth potential. The construction industry in the US is witnessing technological evolution that is encouraging construction equipment manufacturers and tech giants to work on developing and rolling out autonomous machinery, robotics, and electromobility. Integration of aforesaid technologies is expected to support agriculture, construction, transportation, and many other industries. In this aspect, construction equipment manufacturers are integrating advanced technologies to reduce overall operating cost while saving time and increasing productivity. Also, roll out of electric excavators and robotic equipment in construction is anticipated to improve productivity of the construction industry while lowering human intervention. Hence, the integration of smart technologies into numerous industries is expected to benefit the growth of the US heavy construction equipment market during the forecast period.

The US heavy construction equipment market is segmented on the basis of type, application, industry, and country. By type, the market is segmented into road rollers, excavators, graders, dump trucks, loaders, and forklifts. The market for the dump trucks segment is expected to grow faster over the forecast period. Based on application, the market is segmented into mining, excavation, earthmoving, lifting, material handling, and transportation. In 2019, the mining segment held the largest market share. The US heavy construction equipment market, by industry, is segmented into construction, oil & gas, mining, manufacturing, and others. The construction segment is expected to register the highest growth rate during the forecast period. Despite positive growth outlook, the ongoing COVID-19 outbreak is adversely affecting the country's economy and hindering the business activities and company revenues in the heavy construction equipment industry in the US. AB Volvo, Caterpillar, John & Deere and company, Doosan, Hitachi, Hyundai, JCB, Komatsu, Liebherrr, and CASE Construction Equipment are among the key players that were profiled during this market study. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the US heavy construction equipment market and its ecosystem.

The overall US heavy construction equipment market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the US heavy construction equipment market with regard to all the segments. Also, primary interviews have been conducted with industry participants and commentators to validate data well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the US heavy construction equipment market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US Heavy Construction Equipment Market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the US Heavy Construction Equipment Market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Table of Contents
Product Code: TIPRE00018858

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Heavy Construction Equipment Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 US - PEST Analysis
  • 4.3 Ecosystem Analysis
  • 4.4 Expert Opinion

5. Heavy Construction Equipment Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Growing Mining and Construction Activities
    • 5.1.2 Increasing Use of Excavators for Construction
  • 5.2 Market Restraints
    • 5.2.1 High Procurement Cost of Machinery
  • 5.3 Market Opportunities
    • 5.3.1 Rising Construction of Green Buildings
  • 5.4 Future Trends
    • 5.4.1 Technological Developments
  • 5.5 Impact Analysis of Drivers and Restraints

6. Heavy Construction Equipment Market - US Analysis

  • 6.1 Heavy Construction Equipment Market US Overview
  • 6.2 Heavy Construction Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • 6.3 Market Positioning - US Key Players

7. Heavy Construction Equipment Market Analysis - By Type

  • 7.1 Overview
  • 7.2 Heavy Construction Equipment Market Breakdown, by Type, 2019 & 2027
  • 7.3 Road Rollers
    • 7.3.1 Overview
    • 7.3.2 Road Rollers Market Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Excavators
    • 7.4.1 Overview
    • 7.4.2 Excavators Market Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Graders
    • 7.5.1 Overview
    • 7.5.2 Excavators Graders Market Revenue and Forecast to 2027 (US$ Million)
  • 7.6 Dump Trucks
    • 7.6.1 Overview
    • 7.6.2 Dump Trucks Market Revenue and Forecast to 2027 (US$ Million)
  • 7.7 Loaders
    • 7.7.1 Overview
    • 7.7.2 Loaders Market Revenue and Forecast to 2027 (US$ Million)
  • 7.8 Forklifts
    • 7.8.1 Overview
    • 7.8.2 Forklifts Market Revenue and Forecast to 2027 (US$ Million)

8. Heavy Construction Equipment Market Analysis- By Application

  • 8.1 Overview
  • 8.2 Heavy Construction Equipment Market Breakdown, by Application, 2019 & 2027
  • 8.1 Mining
    • 8.1.1 Overview
    • 8.1.2 Mining Market Revenue and Forecast to 2027 (US$ Million)
  • 8.2 Excavation
    • 8.2.1 Overview
    • 8.2.2 Excavation Market Revenue and Forecast to 2027 (US$ Million)
  • 8.3 Earthmoving
    • 8.3.1 Overview
    • 8.3.2 Earthmoving Market Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Lifting
    • 8.4.1 Overview
    • 8.4.2 Lifting Market Revenue and Forecast to 2027 (US$ Million)
  • 8.5 Material Handling
    • 8.5.1 Overview
    • 8.5.2 Material Handling Market Revenue and Forecast to 2027 (US$ Million)
  • 8.6 Transportation
    • 8.6.1 Overview
    • 8.6.2 Transportation Market Revenue and Forecast to 2027 (US$ Million)

9. Heavy Construction Equipment Market Analysis - By Industry

  • 9.1 Overview
  • 9.2 Heavy Construction Equipment Market Breakdown, by Industry, 2019 & 2027
  • 9.3 Mining
    • 9.3.1 Overview
    • 9.3.2 Mining Market Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Construction
    • 9.4.1 Overview
    • 9.4.2 Construction Market Revenue and Forecast to 2027 (US$ Million)
  • 9.5 Oil & Gas
    • 9.5.1 Overview
    • 9.5.2 Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)
  • 9.6 Manufacturing
    • 9.6.1 Overview
    • 9.6.2 Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
  • 9.7 Others
    • 9.7.1 Overview
    • 9.7.2 Others Market Revenue and Forecast to 2027 (US$ Million)

10. Impact of COVID-19 Pandemic on US Heavy Construction Equipment Market

  • 10.1 US: Impact assessment of COVID-19 Pandemic

11. Industry Landscape

  • 11.1 Overview
  • 11.2 Market Initiative
  • 11.3 New Product Development
  • 11.4 Merger and Acquisition

12. Company Profiles

  • 12.1 JC Bamford Excavators Ltd
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 AB Volvo
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Caterpillar Inc.
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Hitachi, Ltd.
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 Hyundai Construction Equipment Co Ltd
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 Doosan Corporation
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 CNH Industrial N.V.
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments
  • 12.8 Deere & Company
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Products and Services
    • 12.8.4 Financial Overview
    • 12.8.5 SWOT Analysis
    • 12.8.6 Key Developments
  • 12.9 Komatsu Ltd.
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis
    • 12.9.6 Key Developments
  • 12.10 Liebherr
    • 12.10.1 Key Facts
    • 12.10.2 Business Description
    • 12.10.3 Products and Services
    • 12.10.4 Financial Overview
    • 12.10.5 SWOT Analysis
    • 12.10.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Glossary of Terms

List Of Tables

  • Table 1. Heavy Construction Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Glossary of Term: Heavy Construction Equipment Market

List Of Figures

  • Figure 1. Heavy Construction Equipment Market Segmentation
  • Figure 2. The US Heavy Construction Equipment Market Overview
  • Figure 3. Excavators Segment to Show Remarkable Traction During Forecast Period
  • Figure 4. Mining Segment to Dominated the Market
  • Figure 5. Construction Segment to Dominated the Market
  • Figure 6. US - PEST Analysis
  • Figure 7. Ecosystem Analysis
  • Figure 8. Expert Opinion
  • Figure 9. Heavy Construction Equipment Market Impact Analysis of Drivers and Restraints
  • Figure 10. Heavy Construction Equipment Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 11. Heavy Construction Equipment Market Breakdown, by Type (2019 and 2027)
  • Figure 12. Road Rollers Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 13. Excavators Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Graders Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Dump Trucks Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. Loaders Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 17. Forklifts Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Heavy Construction Equipment Market Breakdown, by Application (2019 and 2027)
  • Figure 19. Mining Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 20. Excavation Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 21. Earthmoving Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. Lifting Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. Material Handling Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 24. Transportation Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Heavy Construction Equipment Market Breakdown, by Industry (2019 and 2027)
  • Figure 26. Mining Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 27. Construction Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 28. Oil and Gas Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 29. Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
  • Figure 30. Others Market Revenue and Forecast to 2027 (US$ Million)
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