Construction Equipment Market – Global Opportunities & Forecast, 2020–2027

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Construction Equipment Market:

The key factors supporting the growth of the global construction equipment market include increased construction activities due to the growing population and rapid urbanization across key countries across the world. The development of smart cities and rising government investments for infrastructure development are certain factors boosting the growth of the global construction equipment market in the upcoming years. The advancements in the technology of the construction equipment and the inclination of industries towards adopting autonomous equipment are projected to bolster the growth of the construction equipment market during the forecast period.

The growing demand for building road infrastructure in developing countries, coupled with the increasing demand for the agriculture and mining activities, followed by different profitable opportunities in the rental business of construction equipment, is fuelling the market growth across the world. Growing industrialization and emerging economies and rising disposable income are surging the demand for construction equipment market in the upcoming years. On the other hand, the factor restraining the growth of global construction equipment is the rising cost of the equipment.

This report splits the Construction Equipment Market as follows:

By Type:

·         Excavators & Loaders

·         Cranes & Draglines

·         Dozers & Off-highway Trucks

·         Others

By Application:

·         Commercial Buildings

·         Industrial Buildings

·         Infrastructure

·         Residential Buildings

By Category:

·         Material-Handling Equipment

·         Earthmoving Equipment

·         Heavy Construction Vehicles

·         Other Equipments

By Propulsion Type:

·         CNG/LNG/RNG

·         Diesel

·         Gasoline 

By Power Output:

·         <100 Hp

·         101-200 Hp

·         201-400 Hp

·         >400 Hp

By Region:

·         North America

o   United States of America

o   Canada

 

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The construction equipment market report also scans the competitive landscape and profiles the major players operating in the market including Liebherr, Volvo Construction Equipment, Caterpillar, Komatsu, Zoomlion, CNH Industrial, Terex, Hitachi Construction Machinery, JCB, and John Deere, among others.

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