Also referred as heavy equipment, the construction equipment is designed for performing construction tasks. It is used for dozing, hauling, grading, compacting and leveling, transferring heavy loads, placing materials and excavating and digging the ground. It includes ditchers, bulldozers, graders, pumps, tractors, excavators, trenchers, cranes, loaders, derricks and backhoes. It also consists of pavers, scrapers, concrete mixers, generators, pile drivers, off-highway haulers and trucks and compactors and rollers. Rising investments by governments around the world for developing public infrastructure has been one of the vital factors propelling the market demand for this equipment. Furthermore, the surging population in developing economies such as India has resulted in increased residential and commercial construction activities. Therefore, the market is projected to expand steadily over the forecast period. The rising public-private partnerships to implement infrastructure work along with the wide-scale adoption of the rental business model have induced a surged demand for this equipment over the past few years. Various types of construction machinery are purchased to perform a set of specific tasks and need technical expertise in operating them. The construction machinery is a high-priced commodity; therefore not every builder, contractor, or construction firm could afford to purchase it. Also, there are several construction projects which require construction machinery temporarily. The cost of machinery has surged over the past few years due to the integration of advanced safety technologies, which has increased the end user’s inclination towards purchasing these types of machinery on a rental basis. The rental providers have recognized the growth opportunity and begin to upgrade their current fleet, thereby propelling the demand for construction equipment. Further, the factors such as stringent government regulations and carbon emissions are projected to restrain the market growth.

In addition, to save on the cost of machinery and cost associated to its maintenance and repairs, contractors, small builders and construction firms take machinery on a rental basis from the rental service providers. Various companies are entering the construction equipment rental business due to its high profitability. Construction equipment is very strong machinery with a life span of 7 to 10 years, owing to which companies prefer to rent out old machinery for profit. This rising trend of equipment rental business is a crucial factor in promoting the market growth.

The global Construction Equipment Market is segregated on the basis of Product as Earth Moving Machinery, Material Handling Machinery and Concrete & Road Construction Machinery. Based on Earth Moving Machinery the global Construction Equipment Market is segmented in Excavators, Loaders and Others. Based on Material Handling Machinery the global Construction Equipment Market is segmented in Crawler Cranes, Trailer Mounted Cranes and Truck Mounted Cranes. Based on Concrete and Road Construction Machinery the global Construction Equipment Market is segmented in Concrete Mixer & Pavers, Construction Pumps and Others.

The global Construction Equipment Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Construction Equipment Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Caterpillar Private Limited, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd, Sandvik Mining And Rock Technology, CNH and others are among the major players in the global Construction Equipment Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In August 2019, Caterpillar declared the release of nine new Cat D3 Series Skid Steer Loader (SSL) and Compact Track Loader (CTL) models. These new machines deliver quality, performance, comfort, improved operator experience, and track loader stability. An industry first, the D3 Series models also helping a line of new Smart Attachments. This advanced machine technology identifies some attachments and customizes the controls and operator information to match the tool and the task.
• In April 2019, Volvo Construction Equipment (Volvo CE) displayed its first commercial zero-emission electric compact excavator and wheel loader at Bauma, Munich. The machines, which were the first to be unveiled from a new electric range of Volvo branded compact excavators and compact wheel loaders, significantly lower noise levels, deliver zero exhaust emissions, decreased energy costs, enhanced efficiency and lower maintenance requirements, compared to their traditional counterparts.

The global Construction Equipment Market has been segmented as below:

Construction Equipment Market, By Product

• Earth Moving Machinery
• Material Handling Machinery
• Concrete & Road Construction Machinery

Construction Equipment Market, By Earth Moving Machinery

• Excavators
• Loaders
• Others

Construction Equipment Market, By Material Handling Machinery

• Crawler Cranes
• Trailer Mounted Cranes
• Truck Mounted Cranes

Construction Equipment Market, By Concrete and Road Construction Machinery

• Concrete Mixer & Pavers
• Construction Pumps
• Others

Construction Equipment Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Construction Equipment Market, By Company

• Caterpillar Private Limited
• Hitachi Construction Machinery Co Ltd
• J C Bamford Excavators Ltd
• Sandvik Mining And Rock Technology
• CNH
• Doosan Infracore
• Epiroc
• John Deere Ltd
• Kobe Steel Ltd
• Komatsu
• Kubota Corporation
• Liebherr
• Metso
• Sany
• Terex Corporation
• Volvo Construction Equipments
• XCMG Zoomlion

The report covers the below scope:

• Global Construction Equipment Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Construction Equipment Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Construction Equipment Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Construction Equipment Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Construction Equipment Market share. Major industry players with significant revenue share include Caterpillar Private Limited, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd, Sandvik Mining And Rock Technology, CNH and others.

Why to Buy this Report:

• Gain detailed insights on the Construction Equipment industry trends
• Find complete analysis on the market status
• Identify the Construction Equipment Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement