The Construction Equipment Market is witnessing substantial growth, driven by the rising adoption across multiple industries. Organizations are capitalizing on Construction Equipments due to their scalability, cost-efficiency, and flexibility, enabling them to rapidly adapt resources to meet evolving demands. The ongoing trend of digital transformation, combined with the growing need for remote work solutions and advanced data analytics, is significantly propelling the market’s expansion.
Construction Equipment Market Overview
According to Fortune Business Insights, a prominent global business consulting firm, their highly anticipated “Construction Equipment Market” report reveals vital insights into the market’s potential, particularly in the Asia-Pacific region. Despite economic setbacks post-Covid lockdowns, the market has demonstrated resilience and a continuous upward trajectory. The report identifies the Asia-Pacific as a key growth region for the Construction Equipment Market and its component manufacturers over the coming decade.
The global construction equipment market size was valued at USD 142.39 billion in 2022. The market is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period.
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Construction Equipment Market Scope
The Construction Equipment Market Analysis Report covers comprehensive details on import/export consumption, supply and demand chains, cost structures, market shares, sales volumes, revenues, and gross profits. It further evaluates the manufacturing bases, production capacities, factory prices, revenues, and market share of each key manufacturer operating within the market.
Construction Equipment Market Segmentation
By Equipment Type
- Earthmoving Equipment
- Material Handling Equipment & Cranes
- Concrete Equipment
- Road Building Equipment
- Civil Engineering Equipment
- Crushing and Screening Equipment
- Other Equipment (Trailers, etc.)
By Application
- Residential
- Commercial
- Industrial
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- Latin America
The market is segmented into five major industries: Manufacturing, Healthcare, Retail, Government & Education, and Telecommunications & IT, with the Telecommunications & IT segment expected to dominate market share throughout the forecast period, as it led the market in 2023.
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Construction Equipment Market Key Players
- AB Volvo (Gothenburg, Sweden)
- Caterpillar Inc. (Illinois, U.S.)
- Komatsu Ltd. (Tokyo, Japan)
- Doosan Infracore Co. Ltd. (Seoul, South Korea)
- Hitachi Construction Machinery Co., Ltd. (Tokyo, Japan)
- J.C. Bamford Excavators Ltd. (Rocester, U.K.)
- Liebherr Group (Bulle, Switzerland)
- CNH Industrial N.V. (London, U.K.)
- Hyundai Construction Equipment Co., Ltd. (Seoul, South Korea)
- SANY Group (Beijing, China)
The Construction Equipment Market involves a diverse range of machinery used in building and infrastructure projects, from excavators and bulldozers to cranes and loaders. The market is expanding due to increased urbanization, infrastructure development, and technological advancements, which are improving equipment efficiency and safety.
Table of content for the Construction Equipment Market includes:
Part 01: Executive Summary
Part 02: Scope of the Construction Equipment Market Report
Part 03: Construction Equipment Market Landscape
Part 04: Construction Equipment Market Sizing
Part 05: Construction Equipment Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The report offers an in-depth analysis of the Construction Equipment industry across five major global regions: Europe, North America, Asia-Pacific, the Middle East & Africa, and Latin America. It provides detailed insights into the key geographies and examines notable segments and sub-segments within the industry.
Key Questions answered in the Construction Equipment Market Report are:
- What is the Construction Equipment Market?
- What is the forecast period for the Construction Equipment Market?
- What is the competitive landscape of the Construction Equipment Market?
- Which region held the largest share in the Construction Equipment Market?
- What opportunities exist for the Construction Equipment Market?
- What are the restraining factors in the Construction Equipment Market?
- Who are the key players in the Construction Equipment Market?
Key offerings:
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Construction Equipment
- Landscape- Leading key players and other prominent key players.
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About Fortune Business Insights:
Fortune Business Insights is a diversified market research and consulting firm with experts across various industries. Their services span sectors such as science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, personal care, beverages, and automated systems. They offer industry-verified estimations, technical trend analysis, strategic advisory, competitive analysis, and client impact studies.
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