Construction Equipment Market by Type (Excavator-Crawler & Mini; Loader-Backhoe, Skid-steer, & Wheel; Dozer, Dump Truck, Compactor, Crane), Electric Equipment, Propulsion, Power Output, Rental, Aftertreatment Device and Region - Global Forecast to 2027
[486 Pages Report] The construction equipment market is estimated to grow from $80.4 billion in 2022 to $223.1 billion by 2027, at a CAGR of 4.3% over the same period. The base year for the report is 2021, and the forecast period is from 2022 to 2027. The market would witness growth owing to driving factors such as rapid urbanization, increasing infrastructure development in emerging economies, and population and migration to cities.
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Market Dynamics
DRIVER: Growth in infrastructure developments to increase the sale of construction equipment
The construction equipment market has grown gradually after the Covid-19 period due to the resumption of halted construction projects and planned new investments in the construction sector as part of the infrastructure development activities. Some factors influencing the growth of construction equipment manufacturers include investments in infrastructure, residential and commercial infrastructure, and an increment in institutional capital expenditures globally. US, UK, China, and India have increased construction activities in different areas. For instance, the US infrastructure has been under the spotlight. In November 2021, the US government declared an approximately USD 1 trillion plan with 4,300 projects underway with more than USD 110 billion in funding as a part of the infrastructure investment package. Therefore, such planned investments and growing construction activities for infrastructure development would drive the demand for construction equipment during the forecast period
RESTRAINT: International trade policies and regulations
The policies and regulations on manufacturing, import, and export of construction equipment differ country-wise. Countries impose various import duties for international trade to avoid unfair competition and provide an advantage to local manufacturers. Generally, governments enter into bilateral trade agreements with other countries to reduce tariffs and barriers to a free trade area or common market. This can be helpful but can also lead to increased competition from abroad. Foreign affairs affect trade activities to a larger extent. In the case of disputes with countries, the trade agreements may get suspended, or in extreme cases, restrictions may be imposed, which limits the trade altogether. Therefore, the impact of the international trade policies and regulations create restraining factors for the sale and development of the construction equipment market in many countries.
OPPORTUNITY: Trend for the autonomous construction equipment
The construction equipment market is witnessing a lot of technological advancements for more optimized and reliable products. The demand for automated solutions is growing as it helps increase productivity with minimum effort and reduced errors. Autonomous operating technology is gradually gaining popularity in the off-highway operating vehicle segment. Construction work is well-suited for autonomous machinery as the tasks are repetitive, physical, precise, and time-sensitive. This is driving the demand for the development of autonomous construction equipment. Manufacturers are developing autonomous construction equipment which works on wireless communication technologies by interfering with radio signals from other equipment, receiving commands, and reporting status. It assures improved safety, increased productivity, and reduced unscheduled maintenance. Therefore, the trend for autonomous construction equipment would create an opportunity for the construction equipment market to develop and grow during the forecast period.
CHALLENGE: Fear of Cyberattacks
With the advent of semi-autonomous and autonomous construction equipment, implementing IoT devices and remote-control software with online connectivity can increase the cyber-attack threat. According to the report titled- a security analysis of radio remote controllers for industrial applications, 2019- by Trend Micro Research (TMR), radio frequency-controlled heavy construction equipment is more biased toward safety than security. Attacks such as malicious re-programming, e-stop command, command injection, and replay commands are the most common threats in automation technology.
Wheeled loaders <80 HP are estimated to have the second largest market share
The wheeled loaders <80 HP equipment type segment is estimated to have the second largest market share of 23.4% in 2022 in the construction equipment market. This construction equipment is used primarily for loading/unloading and bulk material movement in construction, quarry, and crushers. They are widely used in large scales infrastructure projects such as roads and highways, railways, dams, ports, and airports. Also, government initiatives in infrastructural developments have further driven the demand for wheeled loaders <80 HP. Thus, the low-cost, compact size and less maintenance are expected to bolster the demand for wheeled loaders <80 HP in construction activities.
The material handling equipment category would be the second largest segment during the forecast period.
The movement of material at construction sites includes the movement of heavy rods, bricks, sands debris, soil, and other such material. Material handling actions include storing, controlling, and protecting materials, goods, and products in manufacturing, distribution, consumption, and disposal. Material handling equipment like articulated and rigid dump trucks are considered under the material handling equipment category. Rising industrial construction activities and the development of commercial projects would drive the demand for the material handling equipment category segment during the forecast period.
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Asia is projected to be the largest market by 2027
Asia is projected to be the largest construction equipment market by 2027 due to large investments in construction projects in growing economies such as India and Indonesia. At the same time, other countries in the region, such as China and Japan, are also implementing many new development projects to improve the country's infrastructure. Furthermore, many global construction equipment OEMs have their base of operations in the region. Therefore, due to such impressive growth in the construction activities across the region, Asia is projected to have the largest market share of the market during the forecast period.
Key Market Players & Start-ups
The construction equipment market is dominated by players such as Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and SANY Group (China). These companies have strong distribution networks at the global level. These companies have adopted comprehensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing market.
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|
Report Metric |
Details |
|
Market Revenue in 2022 |
$180.4 Billion |
|
Estimated Revenue by 2027 |
$223.1 Billion |
|
Revenue Rate |
Projected to grow at a CAGR of 4.3% |
|
Market Driver |
Growth in infrastructure developments to increase the sale of construction equipment |
|
Market Opportunity |
Trend for the autonomous construction equipment |
|
Key Market Players |
Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and SANY Group (China). |
The study categorizes the construction equipment market based on class, speed, battery type, motor type, mode, component, usage, ownership, and region at regional and global levels.
By Equipment Type
- Articulated Dump Trucks
- Asphalt Finishers, Backhoe Loaders
- Crawler Dozers, Crawler Excavators
- Crawler Loaders
- Mini Excavators
- Motor Graders
- Motor Scrapers
- Rigid Dump Trucks
- Road Rollers
- Rough Terrain Lift Truck (RTLT) Masted
- Rough Terrain Lift Truck (RTLT) Telescopic
- Skid-Steer Loaders
- Wheeled Excavators
- Wheeled Loaders <80 HP
- Wheeled Loaders >80 HP
- Compactors
- Pick and Carry Cranes
By Equipment Category
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
- Others
By Propulsion Type
- Diesel
- CNG/LNG/RNG
By Power Output
- <100 HP
- 101–200 HP
- 201–400 HP
- >400 HP
By Engine Capacity
- <5L
- 5L-10L
- >10L
By Application
- Commercial
- Residential
- Infrastructure
Construction Equipment Rental Market by Application Type
- Commercial
- Residential
- Infrastructure
Electric Construction Equipment by Type
- Dump Trucks
- Loaders
- Dozers, Excavators
- Motor Graders
By Emission Regulation
- Stage II
- Stage III
- Stage III A
- Stage IV
- Stage V
- Stage VI
- Tier 4
- Tier 5
By Aftertreatment Device
- Diesel Oxidation Catalyst (DOC)
- Diesel Particulate Filter (DPF)
- Exhaust Gas Recirculation (EGR)
- Selective Catalytic Reduction (SCR)
By Region
- Asia
- Europe
- North America
- The Middle East
- The Rest of the World
Recent Developments
- In June 2022, Liebherr Australia and Fortescue (Australia) partnered to develop mining haul trucks to add zero-emission power system technologies. The partnership will draw from Liebherr's industry-leading equipment and technology and FFI's expertise in green technologies to deliver zero emission mining equipment.
- In June 2022, Komatsu Ltd. and Cummins Inc. (US) have collaborated on the development of zero-emission haulage equipment. Cummins Inc. and Komatsu Ltd. will initially focus on zero emissions power technologies, including hydrogen fuel cell solutions for large mining haul truck applications.
- In May 2022, Caterpillar acquired Tangent Energy Solutions (US), an energy-as-a-service (EaaS) company. The acquisition aimed at generating new revenue streams as Tangent Energy Solution's EaaS offerings complements Caterpillar's broad portfolio of electric power products, enabling Caterpillar to better serve customers with reliable, efficient, sustainable, and connected power solutions that support business operations.
- In March 2022, BBMG Corporation (China) and SANY Group signed a strategic cooperation agreement in Beijing. According to the agreement, the two parties have agreed to carry out all-around in-depth cooperation in the fields of new building materials products and services, prefabricated systems, construction vehicles, construction machinery products and services, digital transformation, and intelligent manufacturing, and logistics and transportation services.
- In September 2021, Liebherr and Hexagon's (US) Mining division announced a global framework agreement at MINExpo International in Las Vegas. As per the agreement, Hexagon technology, including its autonomous mission management system, will be used in the mine automation options Liebherr offers customers.
Frequently Asked Questions (FAQ):
How big is the construction equipment market?
The construction equipment market is estimated to grow from USD 180.4 billion in 2022 to USD 223.1 billion by 2027, at a CAGR of 4.3% over the same period.
Who are the winners in the global market?
The market is dominated by global players such as Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and SANY Group (China). These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth market
Which region is expected to dominate the market?
Asia is estimated to dominate the market with a share of 56.6% in 2022.
What are the new market trends impacting the growth of the market?
The development of autonomous construction equipment is being focused by many OEMs in the market in order to increase the productivity of work and reduce the dependency on labor. Also, the trend for the development of electric construction equipment is growing due to the increasing demand for low-noise and low-emission urban construction equipment. Apart from this, in order to reduce the dependency over the conventional fuel like diesel, the trend for the development of the alternate fueled construction equipment is growing in the market.
What are the new market opportunities in the market?
Electric and autonomous construction equipment
Digitization of services.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 52)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 57)
2.1 RESEARCH DATA
FIGURE 2 MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for equipment sales
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques and data collection methods
2.1.2.2 Primary participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 5 BOTTOM-UP APPROACH: EQUIPMENT TYPE, CATEGORY, REGIONAL, AND COUNTRY LEVEL
FIGURE 6 BOTTOM-UP APPROACH: RENTAL CONSTRUCTION EQUIPMENT MARKET (APPLICATION AND REGION)
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH: APPLICATION/PROPULSION/POWER OUTPUT/ ENGINE CAPACITY
FIGURE 8 TOP-DOWN APPROACH: ELECTRIC MARKET (EQUIPMENT AND REGION)
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 OTHER ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 68)
3.1 REPORT SUMMARY
FIGURE 10 CONSTRUCTION EQUIPMENT MARKET OUTLOOK
FIGURE 11 MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 70)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MARKET
FIGURE 12 RISING DEMAND FOR URBAN INFRASTRUCTURE PROJECTS TO DRIVE MARKET GROWTH
4.2 MARKET, BY EQUIPMENT CATEGORY
FIGURE 13 EARTHMOVING EQUIPMENT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.3 MARKET, BY EQUIPMENT TYPE
FIGURE 14 CRAWLER EXCAVATORS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
4.4 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 15 ELECTRIC DUMP TRUCKS TO BE LARGEST ELECTRIC EQUIPMENT SUBSEGMENT IN FORECAST PERIOD
4.5 MARKET, BY APPLICATION
FIGURE 16 CONSTRUCTION EQUIPMENT FOR COMMERCIAL USE TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.6 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION
FIGURE 17 CONSTRUCTION EQUIPMENT RENTAL MARKET TO SHOWCASE HIGHEST DEMAND IN 2022
4.7 MARKET, BY AFTERTREATMENT DEVICE
FIGURE 18 SCR SYSTEMS PROJECTED TO ACQUIRE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.8 MARKET, BY POWER OUTPUT
FIGURE 19 CONSTRUCTION EQUIPMENT WITH 100-200 HP POWER OUTPUT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
4.9 MARKET, BY ENGINE CAPACITY
FIGURE 20 CONSTRUCTION EQUIPMENT WITH <5L ENGINES TO HOLD LARGEST MARKET SHARE IN 2022
4.10 MARKET, BY PROPULSION TYPE
FIGURE 21 CNG/LNG/RNG SEGMENT PROJECTED TO GROW AT HIGHER RATE DURING FORECAST PERIOD
4.11MARKET, BY REGION
FIGURE 22 ASIA TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 76)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 CONSTRUCTION EQUIPMENT MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growth in infrastructure development globally
TABLE 1 LIST OF INFRASTRUCTURE DEVELOPMENT PROJECTS
FIGURE 24 COMPACT MARKET, BY EQUIPMENT TYPE (UNITS), 2021 VS. 2025
5.2.1.2 Increasing demand for sustainable solutions
TABLE 2 KEY ELECTRIC AND HYBRID CONSTRUCTION EQUIPMENT MODELS
5.2.2 RESTRAINTS
5.2.2.1 International trade policies and relations
5.2.3 OPPORTUNITIES
5.2.3.1 Electric and autonomous construction equipment
5.2.3.2 Demand for autonomous construction equipment
5.2.3.3 Digitization of services
TABLE 3 MARKET: DIGITAL SERVICES BY OEMS
5.2.4 CHALLENGES
5.2.4.1 Development of optimized electric solutions
5.2.4.2 Cyber attacks
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 PORTER’S FIVE FORCES ANALYSIS
FIGURE 25 PORTER’S FIVE FORCES
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MARKET SCENARIOS
FIGURE 26 MARKET SCENARIO, 2019–2027 (USD MILLION)
5.4.1 REALISTIC SCENARIO
TABLE 5 MARKET (REALISTIC SCENARIO), BY REGION, 2020–2027 (USD MILLION)
5.4.2 PESSIMISTIC SCENARIO
TABLE 6 MARKET (PESSIMISTIC IMPACT SCENARIO), BY REGION, 2020–2027 (USD MILLION)
5.4.3 OPTIMISTIC SCENARIO
TABLE 7 MARKET (OPTIMISTIC SCENARIO), BY REGION, 2020–2027 (USD MILLION)
5.5 TRENDS/DISRUPTIONS IMPACTING CONSTRUCTION EQUIPMENT MANUFACTURERS
FIGURE 27 TRENDS IMPACTING CONSTRUCTION EQUIPMENT MANUFACTURERS
5.6 PRICING ANALYSIS
5.6.1 BY EQUIPMENT TYPE AND REGION
TABLE 8 AVERAGE PRICES OF CONSTRUCTION EQUIPMENT TYPES, BY REGION, 2019–2021
5.7 TECHNOLOGY ANALYSIS
5.7.1 OVERVIEW
5.7.1.1 Autonomous Construction Equipment
5.7.1.2 Connected Technologies
5.7.1.3 Grade Control System
5.8 CASE STUDY ANALYSIS
5.8.1 USE CASE 1: PREDICTIVE MAINTENANCE OF CONSTRUCTION EQUIPMENT USING LOG DATA
5.8.2 USE CASE 2: FLEET CONNECTION FOR HITACHI CONSTRUCTION MACHINERY CO., LTD.
5.8.3 USE CASE 3: DEVELOPMENT OF SMART CONSTRUCTION EQUIPMENT
5.9 ECOSYSTEM/MARKET MAP
5.9.1 ECOSYSTEM: CONSTRUCTION EQUIPMENT MARKET
FIGURE 28 OFF-HIGHWAY VEHICLE MARKET ECOSYSTEM
FIGURE 29 MARKET ECOSYSTEM
TABLE 9 MARKET ECOSYSTEM
FIGURE 30 KEY PLAYERS IN MARKET ECOSYSTEM
5.10 SUPPLY CHAIN
FIGURE 31 SUPPLY CHAIN ANALYSIS: MARKET
5.11 PATENT ANALYSIS
TABLE 10 PATENT ANALYSIS
5.12 TRADE ANALYSIS
5.12.1 EXPORT SCENARIO
FIGURE 32 CONSTRUCTION EQUIPMENT EXPORT, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
5.12.2 IMPORT SCENARIO
FIGURE 33 CONSTRUCTION EQUIPMENT IMPORT, BY KEY COUNTRY, 2017–2021 (USD THOUSAND)
5.13 REGULATORY FRAMEWORK
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 REGULATORY ANALYSIS OF MARKET
5.13.3 NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2025
FIGURE 34 NRMM EMISSION REGULATION OUTLOOK, 2019–2025
5.13.3.1 North America
5.13.3.1.1 US
TABLE 16 US: TIER 4 EMISSION STANDARDS
5.13.3.2 Europe
TABLE 17 EUROPEAN UNION: STAGE V EMISSION STANDARDS
5.13.3.3 Asia
5.13.3.3.1 China
TABLE 18 CHINA: CHINA IV EMISSION STANDARDS
5.13.3.3.2 India
TABLE 19 INDIA: CEV IV EMISSION STANDARDS
TABLE 20 INDIA: CEV V EMISSION STANDARDS
5.14 KEY CONFERENCES AND EVENTS IN 2022–2023
TABLE 21 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 35 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION
TABLE 22 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
5.15.2 BUYING CRITERIA
FIGURE 36 KEY BUYING CRITERIA FOR TOP THREE CONSTRUCTION EQUIPMENT APPLICATIONS
TABLE 23 KEY BUYING CRITERIA FOR TOP THREE CONSTRUCTION EQUIPMENT APPLICATIONS
6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 118)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 INDUSTRY INSIGHTS
6.1.3 ASSUMPTIONS
FIGURE 37 MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 24 MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 25 MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 26 MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 27 MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
6.2 ARTICULATED DUMP TRUCKS
6.2.1 BETTER MANEUVERABILITY ON ROUGH TERRAIN
TABLE 28 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 29 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 30 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 31 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 ASPHALT FINISHERS
6.3.1 INCREASED USE DUE TO INVESTMENTS IN ROAD CONSTRUCTION
TABLE 32 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 33 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 34 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 35 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 BACKHOE LOADERS
6.4.1 PRIMARILY USED FOR HEAVY TASKS
TABLE 36 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 37 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 38 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 39 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.5 CRAWLER DOZERS
6.5.1 GROWING INFRASTRUCTURE ACTIVITIES TO DRIVE DEMAND
TABLE 40 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 41 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 42 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.6 CRAWLER EXCAVATORS
6.6.1 HEAVY INVESTMENTS IN INFRASTRUCTURE BY GOVERNMENTS
TABLE 44 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 45 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 46 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 47 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7 CRAWLER LOADERS
6.7.1 HIGH LIFTING CAPACITY, POWER, AND FLEXIBILITY
TABLE 48 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 49 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 50 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.8 MINI EXCAVATORS
6.8.1 LOW FUEL CONSUMPTION AND REDUCED NOISE
TABLE 52 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 53 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 54 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 55 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.9 MOTOR GRADERS
6.9.1 FUELED BY INCREASING ROAD DEVELOPMENT PROJECTS
TABLE 56 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 57 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 58 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 59 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.10 MOTOR SCRAPERS
6.10.1 WIDE APPLICATION AT CONSTRUCTION SITES
TABLE 60 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 61 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 62 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.11 ROAD ROLLERS
6.11.1 STRENGTHENS ROAD DEVELOPMENT PROJECTS
TABLE 64 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 65 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 66 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 67 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.12 RIGID DUMP TRUCKS
6.12.1 EASY MANEUVERABILITY AT CONSTRUCTION SITES
TABLE 68 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 69 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 70 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 71 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.13 RTLT MASTED
6.13.1 HEAVY MATERIAL HANDLING MOVEMENT
TABLE 72 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 73 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 74 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.14 RTLT TELESCOPIC
6.14.1 MORE VERSATILITY COMPARED TO RTLT MASTED
TABLE 76 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 77 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 78 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 79 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.15 SKID-STEER LOADERS
6.15.1 FEATURES ENERGY EFFICIENCY
TABLE 80 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 81 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 82 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 83 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.16 WHEELED EXCAVATORS
6.16.1 EASE OF OPERATION
TABLE 84 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 85 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 86 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.17 WHEELED LOADERS (<80 HP)
6.17.1 USED IN SMALL-SCALE CONSTRUCTION PROJECTS
TABLE 88 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 89 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 90 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 91 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.18 WHEELED LOADERS (>80 HP)
6.18.1 PREFERRED FOR LARGE-SCALE CONSTRUCTION PROJECTS
TABLE 92 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 93 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 94 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 95 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.19 COMPACTORS
6.19.1 APPLICATIONS IN ROAD CONSTRUCTION PROJECTS
TABLE 96 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 97 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 98 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 99 MARKET, BY REGION, 2022–2027 (USD MILLION)
6.2 PICK AND CARRY CRANES
6.20.1 ENABLES LOAD LIFTING ACTIVITIES AT CONSTRUCTION SITES
TABLE 100 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 101 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 102 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 103 MARKET, BY REGION, 2022–2027 (USD MILLION)
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY (Page No. - 156)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 INDUSTRY INSIGHTS
7.1.3 ASSUMPTIONS
FIGURE 38 MARKET, BY EQUIPMENT CATEGORY, 2022 VS. 2027 (USD MILLION)
TABLE 104 MARKET, BY EQUIPMENT CATEGORY, 2018–2021 (UNITS)
TABLE 105 MARKET, BY EQUIPMENT CATEGORY, 2022–2027 (UNITS)
TABLE 106 MARKET, BY EQUIPMENT CATEGORY, 2018–2021 (USD MILLION)
TABLE 107 MARKET, BY EQUIPMENT CATEGORY, 2022–2027 (USD MILLION)
7.2 EARTHMOVING EQUIPMENT
7.2.1 INCREASED CONSTRUCTION ACTIVITIES TO DRIVE GROWTH
TABLE 108 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 109 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 110 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 111 MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 MATERIAL HANDLING EQUIPMENT
7.3.1 UTILIZED IN INDUSTRIAL DEVELOPMENT PROJECTS
TABLE 112 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 113 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 114 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 115 MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 HEAVY CONSTRUCTION VEHICLES
7.4.1 EMPLOYED IN ROAD AND TUNNEL CONSTRUCTION
TABLE 116 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 117 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 118 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 119 MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 OTHERS
7.5.1 RISING URBAN INFRASTRUCTURE ACTIVITIES TO FUEL GROWTH
TABLE 120 OTHER MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 121 OTHER MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 122 OTHER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 123 OTHER MARKET, BY REGION, 2022–2027 (USD MILLION)
8 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE (Page No. - 166)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 INDUSTRY INSIGHTS
8.1.3 ASSUMPTIONS
FIGURE 39 MARKET, BY PROPULSION TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 124 MARKET, BY PROPULSION TYPE, 2018–2021 (UNITS)
TABLE 125 MARKET, BY PROPULSION TYPE, 2022–2027 (UNITS)
TABLE 126 MARKET, BY PROPULSION TYPE, 2018–2021 (USD MILLION)
TABLE 127 MARKET, BY PROPULSION TYPE, 2022–2027 (USD MILLION)
8.2 DIESEL
8.2.1 DEMAND FOR HIGH TORQUE TO DRIVE DIESEL-POWERED CONSTRUCTION EQUIPMENT
TABLE 128 DIESEL: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 129 DIESEL: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 130 DIESEL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 131 DIESEL: MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 CNG/LNG/RNG
8.3.1 DEMAND FOR ALTERNATIVE FUEL
TABLE 132 CNG/LNG/RNG: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 133 CNG/LNG/RNG: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 134 CNG/LNG/RNG: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 135 CNG/LNG/RNG: MARKET, BY REGION, 2022–2027 (USD MILLION)
9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT (Page No. - 173)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 40 MARKET, BY POWER OUTPUT, 2022 VS. 2027 (USD MILLION)
TABLE 136 MARKET, BY POWER OUTPUT, 2018–2021 (UNITS)
TABLE 137 MARKET, BY POWER OUTPUT, 2022–2027 (UNITS)
TABLE 138 MARKET, BY POWER OUTPUT, 2018–2021 (USD MILLION)
TABLE 139 MARKET, BY POWER OUTPUT, 2022–2027 (USD MILLION)
9.2 <100 HP
9.2.1 ROAD MAINTENANCE AND REPAIR PROJECTS TO DRIVE <100 HP POWER OUTPUT SEGMENT
TABLE 140 <100 HP: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 141 <100 HP: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 142 <100 HP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 143 <100 HP: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.3 101–200 HP
9.3.1 LOW MAINTENANCE COST
TABLE 144 101-200 HP: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 145 101-200 HP: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 146 100-200 HP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 147 100-200 HP: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4 201–400 HP
9.4.1 INCREASING DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT
TABLE 148 201–400 HP: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 149 201–400 HP: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 150 201–400 HP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 151 201–400 HP: MARKET, BY REGION, 2022–2027 (USD MILLION)
9.5 >400 HP
9.5.1 RISE IN COMMERCIAL CONSTRUCTION PROJECTS
TABLE 152 >400 HP: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 153 >400 HP: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 154 >400 HP: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 155 >400 HP: MARKET, BY REGION, 2022–2027 (USD MILLION)
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY (Page No. - 184)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 INDUSTRY INSIGHTS
10.1.3 ASSUMPTIONS
FIGURE 41 MARKET, BY ENGINE CAPACITY, 2022 VS. 2027 (USD MILLION)
TABLE 156 MARKET, BY ENGINE CAPACITY, 2018–2021 (UNITS)
TABLE 157 MARKET, BY ENGINE CAPACITY, 2022–2027 (UNITS)
TABLE 158 MARKET, BY ENGINE CAPACITY, 2018–2021 (USD MILLION)
TABLE 159 MARKET, BY ENGINE CAPACITY, 2022–2027 (USD MILLION)
10.2 <5L
10.2.1 DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT
TABLE 160 <5L: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 161 <5L: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 162 <5L: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 163 <5L: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 5-10L
10.3.1 INCREASING APPLICATIONS FOR 5-10L ENGINES
TABLE 164 5-10L: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 165 5-10L: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 166 5-10L: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 167 5-10L: MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 >10L
10.4.1 INCORPORATED WITH HEAVY CONSTRUCTION EQUIPMENT
TABLE 168 >10L: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 169 >10L: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 170 >10L: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 171 >10L: MARKET, BY REGION, 2022–2027 (USD MILLION)
11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION (Page No. - 193)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 42 MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
TABLE 172 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 173 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
11.2 INFRASTRUCTURE
11.2.1 INCREASING INVESTMENTS IN INFRASTRUCTURE PROJECTS
TABLE 174 INFRASTRUCTURE: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 175 INFRASTRUCTURE: MARKET, BY REGION, 2022–2027 (USD MILLION)
11.3 COMMERCIAL
11.3.1 CONSTRUCTION OF COMMERCIAL SPACES AND MANUFACTURING UNITS
TABLE 176 COMMERCIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 177 COMMERCIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
11.4 RESIDENTIAL
11.4.1 RAPID URBANIZATION TO PROPEL USE OF CONSTRUCTION EQUIPMENT
TABLE 178 RESIDENTIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 179 RESIDENTIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
12 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION (Page No. - 199)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 INDUSTRY INSIGHTS
12.1.3 ASSUMPTIONS
FIGURE 43 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
TABLE 180 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 181 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.2 INFRASTRUCTURE
12.2.1 HIGH-VALUE INFRASTRUCTURE PROJECTS
TABLE 182 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 183 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2022–2027 (USD MILLION)
12.3 COMMERCIAL
12.3.1 COMMERCIAL DEVELOPMENTS TO DRIVE DEMAND FOR RENTAL SERVICES
TABLE 184 COMMERCIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 185 COMMERCIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2022–2027 (USD MILLION)
12.4 RESIDENTIAL
12.4.1 DEMAND TO REDUCE INITIAL INVESTMENT IN CONSTRUCTION OF RESIDENTIAL BUILDINGS
TABLE 186 RESIDENTIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 187 RESIDENTIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2022–2027 (USD MILLION)
13 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 205)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 INDUSTRY INSIGHTS
13.1.3 ASSUMPTIONS
13.1.4 KEY ELECTRIC AND HYBRID CONSTRUCTION EQUIPMENT MODELS
TABLE 188 ELECTRIC AND HYBRID CONSTRUCTION EQUIPMENT MODELS
FIGURE 44 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 189 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 190 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 191 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 192 ELECTRIC MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
13.2 ELECTRIC DUMP TRUCK
13.2.1 INCREASED USE IN MINING ACTIVITIES
TABLE 193 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 194 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 195 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 196 MARKET, BY REGION, 2022–2027 (USD MILLION)
13.3 ELECTRIC DOZERS
13.3.1 LOWER MAINTENANCE AND IMPROVED PRODUCTIVITY
TABLE 197 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 198 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 199 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 200 MARKET, BY REGION, 2022–2027 (USD MILLION)
13.4 ELECTRIC EXCAVATORS
13.4.1 DEMAND FOR MINI EXCAVATORS TO DRIVE SEGMENT
TABLE 201 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 202 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 203 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 204 MARKET, BY REGION, 2022–2027 (USD MILLION)
13.5 ELECTRIC MOTOR GRADERS
13.5.1 LOW OWNERSHIP AND MAINTENANCE COSTS
TABLE 205 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 206 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 207 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 208 MARKET, BY REGION, 2022–2027 (USD MILLION)
13.6 ELECTRIC LOADERS
13.6.1 DEMAND FOR SKID AND COMPACT LOADERS TO FUEL DEMAND
TABLE 209 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 210 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 211 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 212 MARKET, BY REGION, 2022–2027 (USD MILLION)
14 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE (Page No. - 217)
14.1 INTRODUCTION
14.1.1 RESEARCH METHODOLOGY
TABLE 213 MARKET, BY EMISSION REGULATION STAGE, 2018–2021 (UNITS)
TABLE 214 MARKET, BY EMISSION REGULATION STAGE, 2022–2027 (UNITS)
14.2 STAGE II
TABLE 215 STAGE I/II EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 216 STAGE II NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021
TABLE 217 STAGE II NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027
14.3 STAGE III
TABLE 218 STAGE III A/B EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 219 STAGE III NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 220 STAGE III NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.4 STAGE III A/B
TABLE 221 STAGE III A/B NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 222 STAGE III A/B NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.5 STAGE IV
TABLE 223 STAGE IV EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 224 STAGE IV NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 225 STAGE IV NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.6 STAGE V
TABLE 226 STAGE V EMISSION STANDARDS FOR NON-ROAD ENGINES
TABLE 227 STAGE V NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 228 STAGE V NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.7 STAGE VI
TABLE 229 STAGE VI NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 230 STAGE VI NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.8 TIER 4
TABLE 231 TIER 4 EMISSION STANDARDS FOR NON-ROAD ENGINES
TABLE 232 TIER 4 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 233 TIER 4 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
14.9 TIER 5
TABLE 234 TIER 5 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018–2021 (UNITS)
TABLE 235 TIER 5 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2022–2027 (UNITS)
15 CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE (Page No. - 230)
15.1 INTRODUCTION
15.1.1 RESEARCH METHODOLOGY
15.1.2 INDUSTRY INSIGHTS
15.1.3 ASSUMPTIONS
TABLE 236 PREFERRED AFTERTREATMENT MARKET, BY AFTERTREATMENT DEVICE, 2022 VS. 2027 (USD MILLION)
TABLE 237 MARKET, BY AFTERTREATMENT DEVICE, 2018–2021 (UNITS)
TABLE 238 MARKET, BY AFTERTREATMENT DEVICE, 2022–2027 (UNITS)
TABLE 239 MARKET, BY AFTERTREATMENT DEVICE, 2018–2021 (USD MILLION)
TABLE 240 MARKET, BY AFTERTREATMENT DEVICE, 2022–2027 (USD MILLION)
15.2 EXHAUST GAS RECIRCULATION (EGR)
15.2.1 COUNTRIES WITH STAGE III EMISSION REGULATIONS TO FUEL SEGMENT DEMAND
TABLE 241 EGR: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 242 EGR: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 243 EGR: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 244 EGR: MARKET, BY REGION, 2022–2027 (USD MILLION)
15.3 DIESEL OXIDATION CATALYST (DOC)
15.3.1 HIGH DEMAND IN REGULATED ECONOMIES WITH TIER 3 OR ABOVE EMISSION STANDARDS
TABLE 245 DOC: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 246 DOC: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 247 DOC: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 248 DOC: MARKET, BY REGION, 2022–2027 (USD MILLION)
15.4 DIESEL PARTICULATE FILTER (DPF)
15.4.1 STAGE IV AND STAGE V EMISSION NORMS FOR DPF FILTERS
TABLE 249 DPF: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 250 DPF: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 251 DPF: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 252 DPF: MARKET, BY REGION, 2022–2027 (USD MILLION)
15.5 SELECTIVE CATALYTIC REDUCTION (SCR)
15.5.1 REDUCES NOX EMISSIONS
TABLE 253 SCR: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 254 SCR: MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 255 SCR: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 256 SCR: MARKET, BY REGION, 2022–2027 (USD MILLION)
16 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET (Page No. - 241)
16.1 INTRODUCTION
16.1.1 KEY OEMS AND THEIR AUTONOMOUS CONTRUCTION EQUIPMENT PRODUCT/SERVICE OFFERINGS
16.1.2 RESEARCH METHODOLOGY
16.1.3 ASSUMPTIONS
16.1.4 AUTONOMOUS MARKET
FIGURE 46 AUTONOMOUS MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
TABLE 257 AUTONOMOUS MARKET, BY REGION, 2021–2027 (UNITS)
TABLE 258 AUTONOMOUS MARKET, BY REGION, 2021–2027 (USD MILLION)
17 CONSTRUCTION EQUIPMENT MARKET, BY REGION (Page No. - 247)
17.1 INTRODUCTION
17.1.1 RESEARCH METHODOLOGY
17.1.2 INDUSTRY INSIGHTS
17.1.3 ASSUMPTIONS
FIGURE 47 MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 259 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 260 MARKET, BY REGION, 2022–2027 (UNITS)
TABLE 261 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 262 MARKET, BY REGION, 2022–2027 (USD MILLION)
17.2 ASIA
FIGURE 48 ASIA: MARKET SNAPSHOT
TABLE 263 ASIA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 264 ASIA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 265 ASIA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 266 ASIA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
17.2.1 CHINA
17.2.1.1 Heavy investment plans in infrastructure development
TABLE 267 CHINA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 268 CHINA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 269 CHINA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 270 CHINA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.2.2 INDIA
17.2.2.1 Urban population to increase construction activities
TABLE 271 INDIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 272 INDIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 273 INDIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 274 INDIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.2.3 JAPAN
17.2.3.1 Increased government support for construction activities
TABLE 275 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 276 JAPAN: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 277 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 278 JAPAN: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.2.4 INDONESIA
17.2.4.1 Increased investments in construction industry
TABLE 279 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 280 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 281 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 282 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.2.5 REST OF ASIA
17.2.5.1 Infrastructure investments and housing projects
TABLE 283 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 284 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 285 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 286 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.3 NORTH AMERICA
FIGURE 49 NORTH AMERICA: MARKET SNAPSHOT
TABLE 287 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 288 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 289 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 290 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
17.3.1 US
17.3.1.1 Expansion of commercial construction sector
TABLE 291 US: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 292 US: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 293 US: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 294 US: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.3.2 CANADA
17.3.2.1 Upcoming mining projects
TABLE 295 CANADA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 296 CANADA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 297 CANADA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 298 CANADA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.3.3 MEXICO
17.3.3.1 Increased private and public sector investment in construction activities
TABLE 299 MEXICO: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 300 MEXICO: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 301 MEXICO: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 302 MEXICO: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4 EUROPE
FIGURE 50 EUROPE: MARKET SNAPSHOT
TABLE 303 EUROPE: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 304 EUROPE: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 305 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 306 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
17.4.1 GERMANY
17.4.1.1 Increase in demand for compact construction equipment
TABLE 307 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 308 GERMANY: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 309 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 310 GERMANY: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4.2 FRANCE
17.4.2.1 Rapid development in metropolitan areas
TABLE 311 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 312 FRANCE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 313 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 314 FRANCE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4.3 UK
17.4.3.1 Residential construction projects
TABLE 315 UK: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 316 UK: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 317 UK: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 318 UK: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4.4 SPAIN
17.4.4.1 Growing residential construction investments
TABLE 319 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 320 SPAIN: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 321 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 322 SPAIN: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4.5 ITALY
17.4.5.1 Maintenance and renovation of roads
TABLE 323 ITALY: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 324 ITALY: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 325 ITALY: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 326 ITALY: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.4.6 REST OF EUROPE
17.4.6.1 Growth of construction sector
TABLE 327 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 328 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 329 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 330 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.5 MIDDLE EAST
FIGURE 51 MIDDLE EAST MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 331 MIDDLE EAST: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 332 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 333 MIDDLE EAST: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 334 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
17.5.1 QATAR
17.5.1.1 Development and maintenance activities for commercial events
TABLE 335 QATAR: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 336 QATAR: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 337 QATAR: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 338 QATAR: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.5.2 SAUDI ARABIA
17.5.2.1 Vision 2030 plan
TABLE 339 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 340 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 341 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 342 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.5.3 UAE
17.5.3.1 Growing tourist activities
TABLE 343 UAE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 344 UAE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 345 UAE: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 346 UAE: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.5.4 REST OF MIDDLE EAST
17.5.4.1 Public-private partnerships for construction projects
TABLE 347 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 348 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 349 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 350 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.6 REST OF THE WORLD
FIGURE 52 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 351 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 352 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2027 (UNITS)
TABLE 353 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 354 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
17.6.1 BRAZIL
17.6.1.1 Increased hotel construction projects
TABLE 355 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 356 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 357 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 358 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.6.2 RUSSIA
17.6.2.1 Increased demand for material handling equipment
TABLE 359 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 360 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 361 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 362 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.6.3 SOUTH AFRICA
17.6.3.1 Non-residential construction activities
TABLE 363 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 364 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 365 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 366 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
17.6.4 OTHER COUNTRIES
17.6.4.1 Growth of infrastructure projects
TABLE 367 OTHER COUNTRIES: MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
TABLE 368 OTHER COUNTRIES: MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
TABLE 369 OTHER COUNTRIES: MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
TABLE 370 OTHER COUNTRIES: MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
18 RECOMMENDATIONS FROM MARKETSANDMARKETS (Page No. - 351)
18.1 ASIA TO BE POTENTIAL MARKET FOR CONSTRUCTION EQUIPMENT MANUFACTURERS
18.2 RENTAL CONSTRUCTION EQUIPMENT ALONG WITH TELEMATICS TO PROPEL GROWTH
18.3 ELECTRIC CONSTRUCTION EQUIPMENT TO CREATE NEW OPPORTUNITIES
18.4 CONCLUSION
19 COMPETITIVE LANDSCAPE (Page No. - 353)
19.1 OVERVIEW
19.2 CONSTRUCTION EQUIPMENT MARKET SHARE ANALYSIS, 2021
FIGURE 53 MARKET SHARE, 2021
19.3 REVENUE ANALYSIS OF TOP PLAYERS
FIGURE 54 REVENUE ANALYSIS, 2019–2021
19.4 COMPACT CONSTRUCTION EQUIPMENT: MARKET SHARE ANALYSIS, 2021
TABLE 371 MARKET SHARE ANALYSIS FOR COMPACT MARKET, 2021
FIGURE 55 COMPACT MARKET SHARE, 2021
19.4.1 MAJOR COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, BY EQUIPMENT TYPE
19.4.1.1 Mini/Mid Excavators
TABLE 372 EQUIPMENT: MINI EXCAVATORS (OEMS AND MODELS)
19.4.1.2 Skid-Steer Loaders
TABLE 373 EQUIPMENT: SKID-STEER LOADERS (OEMS AND MODELS)
19.4.1.3 Wheeled Loaders
TABLE 374 EQUIPMENT: WHEELED LOADERS (OEMS AND MODELS)
19.4.1.4 Backhoe Loaders
TABLE 375 COMPACT CONSTRUCTION EQUIPMENT: BACKHOE LOADERS (OEMS AND MODELS)
19.4.1.5 Telescopic Handlers
TABLE 376 EQUIPMENT: TELESCOPIC HANDLERS (OEMS AND MODELS)
19.5 COMPETITIVE EVALUATION QUADRANT: CONSTRUCTION EQUIPMENT MANUFACTURERS
19.5.1 TERMINOLOGY
19.5.2 STARS
19.5.3 PERVASIVE PLAYERS
19.5.4 EMERGING LEADERS
19.5.5 PARTICIPANTS
FIGURE 56 CONSTRUCTION EQUIPMENT MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
19.6 CONSTRUCTION EQUIPMENT MARKET: COMPANY FOOTPRINT
TABLE 377 MARKET: COMPANY FOOTPRINT, 2021
TABLE 378 MARKET: COMPANY PRODUCT APPLICATION FOOTPRINT, 2021
TABLE 379 MARKET: COMPANY REGION FOOTPRINT, 2021
19.7 COMPETITIVE EVALUATION QUADRANT: COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS
FIGURE 57 COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS COMPETITIVE EVALUATION MATRIX, 2021
19.8 COMPETITIVE BENCHMARKING
TABLE 380 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 381 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
19.9 COMPETITIVE SCENARIO
19.9.1 PRODUCT LAUNCHES
TABLE 382 PRODUCT LAUNCHES, 2019–2022
19.9.2 DEALS
TABLE 383 DEALS, 2019–2022
19.9.3 EXPANSIONS
TABLE 384 EXPANSIONS, 2019–2022
19.10 KEY PLAYER STRATEGIES/RIGHT TO WIN
FIGURE 58 OVERVIEW OF STRATEGIES DEPLOYED BY KEY OEMS
20 COMPANY PROFILES (Page No. - 402)
20.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, MnM view, Key Strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats)*
20.1.1 CATERPILLAR
TABLE 385 CATERPILLAR: BUSINESS OVERVIEW
FIGURE 59 CATERPILLAR: COMPANY SNAPSHOT
TABLE 386 CATERPILLAR: NEW PRODUCT DEVELOPMENTS
TABLE 387 CATERPILLAR: DEALS
20.1.2 KOMATSU LTD.
TABLE 388 KOMATSU LTD.: BUSINESS OVERVIEW
FIGURE 60 KOMATSU LTD.: COMPANY SNAPSHOT
TABLE 389 KOMATSU LTD.: PRODUCTS OFFERED
TABLE 390 KOMATSU LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 391 KOMATSU LTD.: DEALS
TABLE 392 KOMATSU LTD.: OTHER DEVELOPMENTS
20.1.3 DEERE & COMPANY
TABLE 393 DEERE & COMPANY: BUSINESS OVERVIEW
FIGURE 61 DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 394 DEERE & COMPANY: PRODUCTS OFFERED
TABLE 395 DEERE & COMPANY: NEW PRODUCT DEVELOPMENTS
TABLE 396 DEERE & COMPANY: DEALS
TABLE 397 DEERE & COMPANY: OTHER DEVELOPMENTS
20.1.4 HITACHI CONSTRUCTION MACHINERY CO., LTD.
TABLE 398 HITACHI CONSTRUCTION MACHINERY CO., LTD.: BUSINESS OVERVIEW
FIGURE 62 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
TABLE 399 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
TABLE 400 HITACHI CONSTRUCTION MACHINERY CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 401 HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS
TABLE 402 HITACHI CONSTRUCTION MACHINERY CO., LTD.: OTHER DEVELOPMENTS
20.1.5 AB VOLVO
TABLE 403 AB VOLVO: BUSINESS OVERVIEW
FIGURE 63 AB VOLVO: COMPANY SNAPSHOT
TABLE 404 AB VOLVO: PRODUCTS OFFERED
TABLE 405 AB VOLVO: NEW PRODUCT DEVELOPMENTS
TABLE 406 AB VOLVO: DEALS
TABLE 407 AB VOLVO: OTHER DEVELOPMENTS
20.1.6 CNH INDUSTRIAL N.V.
TABLE 408 CNH INDUSTRIAL N.V.: BUSINESS OVERVIEW
FIGURE 64 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT
TABLE 409 CNH INDUSTRIAL N.V.: PRODUCTS OFFERED
TABLE 410 CNH INDUSTRIAL N.V.: NEW PRODUCT DEVELOPMENTS
TABLE 411 CNH INDUSTRIAL N.V.: DEALS
20.1.7 LIEBHERR
TABLE 412 LIEBHERR: BUSINESS OVERVIEW
FIGURE 65 LIEBHERR: COMPANY SNAPSHOT
TABLE 413 LIEBHERR: PRODUCTS OFFERED
TABLE 414 LIEBHERR: NEW PRODUCT DEVELOPMENTS
TABLE 415 LIEBHERR: DEALS
TABLE 416 LIEBHERR: OTHER DEVELOPMENTS
20.1.8 XUZHOU CONSTRUCTION MACHINERY GROUP
TABLE 417 XUZHOU CONSTRUCTION MACHINERY GROUP: BUSINESS OVERVIEW
TABLE 418 XUZHOU CONSTRUCTION MACHINERY GROUP: PRODUCTS OFFERED
TABLE 419 XUZHOU CONSTRUCTION MACHINERY GROUP: NEW PRODUCT DEVELOPMENTS
TABLE 420 XUZHOU CONSTRUCTION MACHINERY GROUP: DEALS
20.1.9 SANY GROUP
TABLE 421 SANY GROUP: BUSINESS OVERVIEW
TABLE 422 SANY GROUP: PRODUCTS OFFERED
TABLE 423 SANY GROUP: NEW PRODUCT DEVELOPMENTS
TABLE 424 SANY GROUP: DEALS
TABLE 425 SANY GROUP: OTHER DEVELOPMENTS
20.1.10 DOOSAN ENERBILITY
TABLE 426 DOOSAN ENERBILITY: BUSINESS OVERVIEW
FIGURE 66 DOOSAN ENERBILITY: COMPANY SNAPSHOT
TABLE 427 DOOSAN ENERBILITY: PRODUCTS OFFERED
TABLE 428 DOOSAN ENERBILITY: DEALS
20.1.11 JCB
TABLE 429 JCB: BUSINESS OVERVIEW
TABLE 430 JCB: PRODUCTS OFFERED
TABLE 431 JCB: NEW PRODUCT DEVELOPMENTS
TABLE 432 JCB: OTHER DEVELOPMENTS
20.1.12 TEREX CORPORATION
TABLE 433 TEREX CORPORATION: BUSINESS OVERVIEW
FIGURE 67 TEREX CORPORATION: COMPANY SNAPSHOT
TABLE 434 TEREX CORPORATION: PRODUCTS OFFERED
20.1.13 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
TABLE 435 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
FIGURE 68 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 436 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
TABLE 437 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 438 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: OTHER DEVELOPMENTS
20.1.14 KOBELCO CONSTRUCTION MACHINERY CO., LTD.
TABLE 439 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: BUSINESS OVERVIEW
FIGURE 69 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
TABLE 440 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
TABLE 441 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 442 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: DEALS
TABLE 443 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: OTHER DEVELOPMENTS
20.1.15 KUBOTA CORPORATION
TABLE 444 KUBOTA CORPORATION: BUSINESS OVERVIEW
FIGURE 70 KUBOTA CORPORATION: COMPANY SNAPSHOT
TABLE 445 KUBOTA CORPORATION: PRODUCTS OFFERED
TABLE 446 KUBOTA CORPORATION: OTHER DEVELOPMENTS
20.1.16 YANMAR HOLDINGS CO., LTD.
TABLE 447 YANMAR HOLDINGS CO., LTD.: BUSINESS OVERVIEW
FIGURE 71 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 448 YANMAR HOLDINGS CO., LTD: PRODUCTS OFFERED
TABLE 449 YANMAR HOLDINGS CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 450 YANMAR HOLDINGS CO., LTD.: DEALS
20.1.17 SUMITOMO HEAVY INDUSTRIES, LTD.
TABLE 451 SUMITOMO HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW
FIGURE 72 SUMITOMO HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 452 SUMITOMO HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED
20.1.18 SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD.
TABLE 453 SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD.: BUSINESS OVERVIEW
TABLE 454 SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD.: PRODUCTS OFFERED
TABLE 455 SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 456 SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD.: OTHER DEVELOPMENTS
20.1.19 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.
TABLE 457 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: BUSINESS OVERVIEW
TABLE 458 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED
TABLE 459 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: OTHER DEVELOPMENTS
20.2 OTHER PLAYERS
20.2.1 ATLAS COPCO AB
TABLE 460 ATLAS COPCO AB: COMPANY OVERVIEW
20.2.2 SANDVIK AB
TABLE 461 SANDVIK AB: COMPANY OVERVIEW
20.2.3 AMMANN GROUP
TABLE 462 AMMANN GROUP: COMPANY OVERVIEW
20.2.4 THE MANITOWOC COMPANY, INC.
TABLE 463 THE MANITOWOC COMPANY, INC.: COMPANY OVERVIEW
20.2.5 ASTEC INDUSTRIES, INC.
TABLE 464 ASTEC INDUSTRIES, INC.: COMPANY OVERVIEW
20.2.6 LIUGONG MACHINERY CO., LTD.
TABLE 465 LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW
20.2.7 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
TABLE 466 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY OVERVIEW
20.2.8 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.
TABLE 467 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
20.2.9 ESCORTS LTD.
TABLE 468 ESCORTS LTD.: COMPANY OVERVIEW
20.2.10 JLG INDUSTRIES
TABLE 469 JLG INDUSTRIES: COMPANY OVERVIEW
20.2.11 SHANTUI CONSTRUCTION MACHINERY CO., LTD.
TABLE 470 SHANTUI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent developments, MnM view, Key Strengths/Right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
21 APPENDIX (Page No. - 479)
21.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
21.2 DISCUSSION GUIDE
21.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
21.4 CUSTOMIZATION OPTIONS
21.4.1 CONSTRUCTION EQUIPMENT MARKET, BY END USE INDUSTRY
21.4.1.1 Construction
21.4.1.2 Mining
21.4.1.3 Oil & Gas
21.4.1.4 Manufacturing
21.4.1.5 Others
21.5 RELATED REPORTS
21.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the construction equipment market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company websites, press releases, industry association publications, Intralogistics magazine articles, directories, technical handbooks, world economic outlook, trade websites, and technical articles were used to identify and collect information useful for an extensive commercial study of the construction equipment market.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs; vice presidents; directors from business development, marketing, and product development/innovation teams; and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews were conducted to gather insights such as construction equipment market forecast, current technology trends, and upcoming technologies in the market. Data triangulation of all these points was carried out with the information gathered from secondary research. Stakeholders from the supply side were interviewed to understand their views on the points mentioned above.
Primary interviews were conducted with market experts from the supply side (construction equipment manufacturers) across the major regions, namely, Asia, Europe, North America, the Middle East and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews.
In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach was used to estimate and validate the market size of the construction equipment market. The market size of the market, by equipment and by country, was derived by mapping the historical sales of different equipment at the country level. These data points were largely fetched from the country-level associations, off-highway databases, and data excerpts from OEMs. The market size, by value (USD million), was derived by multiplying the equipment-wise average selling price with the respective equipment volume calculated in units. The total volume (units) and value (USD million) of each country/ region are then summed up to reveal the total volume of the global market for each equipment type. The data was validated through primary interviews with industry experts. The penetration of different segments was derived from secondary research as well as primary interviews.
Construction equipment market: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that are expected to affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in the report.
Report Objectives
- To analyze and forecast the construction equipment market size from 2022 to 2027, in terms of value (USD million)
-
To define and describe the market by equipment type, equipment category, propulsion type, power output, engine capacity, application, construction equipment rental market by application type, electric construction equipment by type, emission regulation, aftertreatment device and region.
- Equipment Type (Articulated Dump Trucks, Asphalt Finishers, Backhoe Loaders, Crawler Dozers, Crawler Excavators, Crawler Loaders, Mini Excavators, Motor Graders, Motor Scrapers, Rigid Dump Trucks, Road Rollers, Rough Terrain Lift Truck (RTLT) Masted, Rough Terrain Lift Truck (RTLT) Telescopic, Skid-Steer Loaders, Wheeled Excavators, Wheeled Loaders <80 HP, Wheeled Loaders >80 HP, Compactors, and Pick and Carry Cranes)
- Electric Construction Equipment by Type (Dump Trucks, Loaders, Dozers, Excavators, and Motor Graders)
- Equipment Category (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, and Others)
- Application (Commercial, Residential, and Infrastructure)
- Power Output (<100 HP, 101–200 HP, 201–400 HP, and >400 HP)
- Engine Capacity (<5L, 5L-10L, and >10L)
- Emission Regulation (Stage II, Stage III, Stage III A, Stage IV, Stage V, Stage VI, Tier 4, and Tier 5)
- Aftertreatment Device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), and Selective Catalytic Reduction (SCR))
- Propulsion Type (Diesel and CNG/LNG/RNG)
- Construction Equipment Rental Market by Application Type (Commercial, Residential, and Infrastructure)
- Region (Asia, Europe, North America, the Middle East, and the Rest of the World)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
- To analyze the competitive landscape of the global players in the market, along with their market share/ranking
- To analyze the competitive leadership mapping of the global construction equipment manufacturers and compact construction equipment manufacturers in the market
- To analyze recent developments, including expansions and new product launches, undertaken by key industry participants in the market
- To strategically analyze the market with Porter’s five forces analysis, trade analysis, case studies, patent analysis, technology analysis, regulatory analysis, and the COVID-19 impact
Available Customizations
Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
The following customization options are available for the report:
- Construction Equipment Market, By End Use Industry
- Construction
- Mining
- Oil & Gas
- Manufacturing
- Others
Note: This will be further segmented by region.
Generating Response ...
Growth opportunities and latent adjacency in Construction Equipment Market
We would like to know more about how electric construction equipment market and special application products for the further expansion of the European market.
Who are the top vendors in the Construction Equipment Market? How is the competitive scenario among them?
we are looking at setting up a website to sell new and used construction and mining equipment for Africa, there is nothing at the moment
My company deals with construction equipment, we buy equipment in large number and then sell them to export from Japan to all over the world.
We are trying to evaluate the market size of backhoes, excavators, dozers, skid steers, front end loaders, and articulated dump trucks. This will help prioritize where time and energy are spent.
Looking to identify U.S. market share by brand (Case, Cat, etc...) for various types of construction equipment.