Global Construction Equipment Market (2020-2026) | Size, Share, industry, Trend, Drivers, Growth, Revenue, Outlook & COVID-19 IMPACT

Global construction equipment market report comprehensively covers the market by types, applications, and regions including North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa, and by key countries. 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 device and align their market strategies according to the current and future market dynamics.

The report contains the following regional geographical coverage:

Europe Construction Equipment Market	Latin America Construction Equipment Market
Middle East Construction Equipment Market	Asia Pacific Construction Equipment Market
North America Construction Equipment Market	Africa Construction Equipment Market

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, Global Construction Equipment Market is expected to register growth during 2020-2026. 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. 

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.

The global construction equipment market is projected to witness substantial growth during the forecast period 2020-26F backed by rising construction activities in multiple sectors like residential and industrial in the developed and developing countries. Globally, In Asia pacific region, India and China have been playing a vital role in construction equipment demand backed by the majority of the population occupied with agricultural activities where massive use of construction equipment like tractors is leading to the use of tiling, and planting fields and ensure efficient farming is expected to support the rise in significant demand for construction equipment and would instigate the use of global construction equipment market in the upcoming six years.

The global construction equipment market is anticipated to register sound revenues in the upcoming six years on the back of the rising infrastructure development in developed and developing countries. Additionally, on the basis of the region, the Latin America construction equipment market is likely to shape the market landscape and increase in the need to adopt construction equipment, especially in the mining industry. Mexico is poised to hold the largest share in the mining industry as it is attributed as the top gold and copper exporter and is leading to bring in lucrative opportunities for the to be investors and industrialists and is expected to instigate the use of construction equipment at mining some to ensure efficient work and is estimated to shape the market landscape of Latin America construction equipment market and as a result, is expected to boost the growth of the Latin America construction market in the coming years.

Market Analysis 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.

Market Analysis by application

Based on applications, 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

Key Highlights of the Report:

• Global Construction Equipment Market Overview.
• Global Construction Equipment Market Outlook.
• Historical Data of Global Construction Equipment Market Revenues & Volume for the Period 2016-2019.
• Global Construction Equipment Market Size and Global Construction Equipment Market Forecast until 2026
• Historical Data of Global Construction Equipment Market Revenues and Volume, By applications, for the Period 2016-2019
• Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By applications, until 2026
• Historical Data of Global Construction Equipment Market Revenues and Volume, By types, for the Period 2016-2019
• Market Size & Forecast of Global Construction Equipment Market Revenues and Volume, By types, until 2026
• Historical Data of North America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of North America Construction Equipment Market Revenues and Volume, until 2026
• Historical Data of Europe Construction Equipment Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Europe Construction Equipment Market Revenues and Volume, until 2026
• Historical Data of Latin America Construction Equipment Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Latin America Construction Equipment Market Revenues and Volume, until 2026
• Historical Data of Asia Pacific Construction Equipment Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Construction Equipment Market Revenues and Volume, until 2026
• Historical Data of the Middle East & Africa Construction Equipment Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of the Middle East & Africa Construction Equipment Market Revenues and Volume, until 2026
• Market Drivers and Restraints
• Global Construction Equipment Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Global Construction Equipment Market Share, By Players
• Global Construction Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Construction Equipment Market report provides a detailed analysis of the following market segments:

• By Types:

  • Cranes
    • Mobile Cranes
    • Crawler Cranes
    • Tower Cranes
  • Earthmoving Equipment
    • Loaders
    • Excavators
    • Motor Grader
  • Aerial Work Equipment
    • Articulated Boom Lifts
    • Telescopic Boom Lifts
    • Scissor Lifts
  • Material Handling Equipment
    • Telescopic Handlers
    • Forklifts
  • Road Construction Equipment
    • Pavers
    • Road Rollers
  • Dump Trucks
  • Construction Tractor and Bulldozer

• By Applications:

  • Construction
  • Oil & Gas
  • Mining
  • Others (Municipality, Road Construction)

• By Regions:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Global Construction Equipment Market: FAQs