Global Construction Equipment Market (2024-2030) | Size, Share, industry, Trend, Drivers, Growth, Revenue, Outlook

Topics Covered in Global Construction Equipment Market Report

Global construction equipment market report comprehensively covers the market by types, applications, and regions. The Global Construction Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing Global construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Construction Equipment Market Synopsis

Global Construction Equipment Market is experiencing substantial growth on account of growing infrastructure and the expansion of the construction industry over the past few years is one of the major reasons driving the demand for the construction equipment market globally. Another factor responsible for the growth in the construction equipment market is the increasing stringency of emission norms. Thus, the requirement for construction equipment has developed on account of technological advancement and modernization including railways and military operations.

According to 6wresearch, the Global Construction Equipment Market size is projected to register a growth rate (CAGR) of 4.7% during 2024-2030. The global construction equipment market is projected to register sound revenues in the upcoming six years backed by the rising adoption of construction equipment for construction projects such as the south-north water transport project in china and Al Maktoum international airport in Dubai where equipment is vital to ensure smooth work during construction.

Moreover, the rapid growth of the mining industry in developed and developing countries globally is estimated to generate high sales revenues for the construction equipment market globally backed by a rise in the demand for extraction of minerals from the depth which is obtained through the use of construction equipment and would spur the profound growth of Global construction equipment market in the coming years. All over the world governments are investing majorly in the development of infrastructure and facilities such as smart cities, metros, and airports. Increasing residential and industrial projects coupled with increasing initiatives taken by the government to develop the infrastructure is adding to the Construction Equipment Market Share. However, the outbreak of coronavirus has declined the growth of the market-leading to disruption in the supply chain.

Construction Equipment Market in Global: Key Players

The key players in the construction equipment market include Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, Terex Corporation, and Hitachi Construction Machinery Co. Ltd. These companies have a significant market share and are actively involved in research and development to introduce innovative products to the industry.

Global Construction Equipment Industry: Government Initiatives

Governments across the world are also playing an essential role in supporting the growth of the construction equipment market. International organizations such as the World Bank, the Asian Development Bank, and the International Finance Corporation are promoting infrastructure development in developing countries with their funding and loan programs. For instance, the World Bank has supported a US$ 400 million loan project for infrastructure development in Tanzania in 2020. In addition to financial support, governments are also implementing policies that promote growth in the construction equipment market. For instance, in India, the government has launched several initiatives, such as the Make in India campaign, aimed at promoting indigenous manufacturing of construction equipment. The government has also initiated the Pradhan Mantri Gram Sadak Yojana, a program aimed at building rural roads and other infrastructure. Similar programs are initiated in other countries such as the USA, China, and Germany.

Market Segmentation by Application

According to Dhaval, Research Manager, 6Wresearch, the construction segment is dominating the market as the number of infrastructural projects is increasing and also due to leasing and renting of construction equipment in urban and urbanizing countries. Additionally, the earthmoving segment is expected to dominate the construction equipment market during the forecast period due to its high productivity, less operating cost, and safety assurance

Market Segmentation by Region

The Asia Pacific is expected to be the largest revenue-generating market during the coming years due to the upgrading socio-economic circumstances of countries in evolving economies. Moreover, the Middle East region is anticipated to hold a leading share in the construction equipment market and grow in the coming years on account of enhancing infrastructure expenditure in this region.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Global Construction Equipment Market Outlook
• Market Size of Global Construction Equipment Market, 2023
• Forecast of Global Construction Equipment Market, 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
• Global Construction Equipment Market Trend Evolution
• Global Construction Equipment Market Drivers and Challenges
• Global Construction Equipment Price Trends
• Global Construction Equipment Porter's Five Forces
• Global Construction Equipment Industry Life Cycle
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Type for the Period 2020 – 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Construction for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Regions for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by North America for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Europe for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Latin America for the Period 2020 – 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Asia Pacific for the Period 2020 - 2030
• Historical Data and Forecast of Global Construction Equipment Market Revenues and volume by Middle East & Africa for the Period 2020 - 2030
• Global Construction Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Regions
• Global Construction Equipment Top Companies Market Share
• Global Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
• Global Construction Equipment Company Profiles
• Global Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

• Mobile Cranes
• Construction Tractor and Bulldozer
• Earthmoving Equipment
• Aerial Work Equipment
• Material Handling Equipment
• Dump Trucks
• Road Construction Equipment

By Applications:

• Construction
• Oil and Gas
• Mining
• Others (Municipality and Road Construction)

By Countries:

• United States
• Canada
• Rest of Global

Global Construction Equipment Market (2024-2030): FAQ