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Australia Construction Machinery Market Size, Share, Growth: By Machinery Type: Telescopic Handlers, Loader and Backhoe, Excavator, Crane, Motor Grader, Others; By Product Type: Building and Road Construction Equipment, Others; By Drive Type; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Australia Construction Machinery Market Outlook
The Australia construction machinery market size reached USD 2.87 billion in 2023. The market is expected to grow at a CAGR of 3.8% between 2024 and 2032, reaching almost USD 4.04 billion by 2032.
Key Takeaways:
- As per industry reports, in 2022, Australia's government allocated USD 16.7 billion to advance clean energy initiatives, aligning with a net-zero commitment by 2050 through the Powering Australia plan.
- Additionally, USD 34 million was earmarked for six critical mineral resource projects. Infrastructure Australia lists 5,500 construction projects valued at USD 647 billion from 2021-2022 to 2025-26, with a USD 237 billion pipeline for major public projects.
- A further USD 410 billion is allocated for privately funded infrastructure projects over the next five years. The government pledged USD 12 billion over a decade for nationwide infrastructure, with total investments surpassing USD 146 billion between 2021 and 2025.
The construction machinery market in Australia is expected to witness significant growth, driven by the nation's rapid urbanisation and infrastructure development initiatives. The government's focus on upgrading existing infrastructure, coupled with substantial investments, is fuelling demand for earthmoving and material handling machinery such as excavators, loaders, cranes, and dump trucks.
In 2022, the Australian government committed USD 16.7 billion to clean energy projects as part of its pledge to achieve net-zero emissions by 2050. This initiative, known as the Powering Australia plan, aims to boost renewable energy and reduce emissions. Additionally, grants totalling USD 34 million were allocated to critical mineral resource projects, further stimulating construction activity and aiding the Australia construction machinery market development.
Key players in the construction equipment market are anticipated to make significant investments across Australia, capitalising on the favourable environment. Machinery utilisation is expected to surge across various states and private construction projects, driving market growth in the forecast period.
Australia's infrastructure spending, both by the government and private entities, has witnessed a substantial increase in recent years. Factors such as growing demand for housing in urban areas, infrastructure development projects, and the modernisation of buildings for enhanced energy efficiency contribute to this growth trajectory.
The country's heavy investment in infrastructure aims to address pressing issues like traffic congestion, population growth, and ageing transportation systems. Developed economies are also embracing advanced technologies, such as earthquake-proof buildings and hyperloops, to enhance infrastructure capabilities.
According to Infrastructure Australia, there are currently 5,500 construction projects valued at USD 647 billion from 2021-2022 to 2025-26. Additionally, the pipeline for major public infrastructure projects in Australia stands at USD 237 billion over the next five years, with an additional USD 410 billion allocated to privately funded projects.
Market Segmentation
Australia Construction Machinery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Machinery Type
- Telescopic Handlers
- Loader and Backhoe
- Excavator
- Crane
- Motor Grader
- Others
Market Breakup by Product Type
- Building and Road Construction Equipment
- Earthmoving
- Autonomous Construction Equipment
- Material Handling
Market Breakup by Drive Type
- Electric and Hybrid
- Hydraulic
Market Breakup by Application
- Transportation
- Excavation and mining
- Lifting and material handling
- Earth moving
Market Breakup by End-Use
- Construction and Infrastructure
- Mining
- Oil and Gas
- Manufacturing
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Major companies consistently allocate resources towards research and development in order to enhance their range of products, with an emphasis on advanced and environmentally sustainable machinery.
- CFC Holdings Pty Ltd.
- Sumitomo Construction Machinery Co., Ltd.
- Caterpillar Inc.
- Komatsu Australia Pty Ltd.
- Liebherr-International Deutschland GmbH
- Volvo AB
- Wacker Neuson SE
- SANY Australia
- Hitachi Construction Machinery Australia Pty Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Machinery Type |
|
| Breakup by Product Type |
|
| Breakup by Drive Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Construction Machinery Market Overview
8.1 Key Industry Highlights
8.2 Australia Construction Machinery Historical Market (2018-2023)
8.3 Australia Construction Machinery Market Forecast (2024-2032)
9 Australia Construction Machinery Market by Machinery Type
9.1 Telescopic Handlers
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Loader and Backhoe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Excavator
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Crane
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Motor Grader
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Others
10 Australia Construction Machinery Market by Product Type
10.1 Building and Road Construction Equipment
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Earthmoving
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Autonomous Construction Equipment
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Material Handling
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Construction Machinery Market by Drive Type
11.1 Electric and Hybrid
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Hydraulic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Construction Machinery Market by Application
12.1 Transportation
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Excavation and mining
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Lifting and material handling
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Earth moving
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Australia Construction Machinery Market by End Use
13.1 Construction and Infrastructure
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mining
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Oil and Gas
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Manufacturing
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Australia Construction Machinery Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CFC Holdings Pty Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sumitomo Construction Machinery Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Caterpillar Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Komatsu Australia Pty Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Liebherr-International Deutschland GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Volvo AB
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Wacker Neuson SE
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 SANY Australia
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Hitachi Construction Machinery Australia Pty Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Construction Machinery Market: Key Industry Highlights, 2018 and 2032
2. Australia Construction Machinery Historical Market: Breakup by Machinery Type (USD Billion), 2018-2023
3. Australia Construction Machinery Market Forecast: Breakup by Machinery Type (USD Billion), 2024-2032
4. Australia Construction Machinery Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Australia Construction Machinery Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Australia Construction Machinery Historical Market: Breakup by Drive Type (USD Billion), 2018-2023
7. Australia Construction Machinery Market Forecast: Breakup by Drive Type (USD Billion), 2024-2032
8. Australia Construction Machinery Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Australia Construction Machinery Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Australia Construction Machinery Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Australia Construction Machinery Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Australia Construction Machinery Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Australia Construction Machinery Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. Australia Construction Machinery Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 2.87 billion in 2023.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The construction machinery market is expected to reach USD 4.04 billion in 2032.
The market is categorised according to its product type, which includes building and road construction equipment, earthmoving, autonomous construction equipment, and material handling.
The key market players are CFC Holdings Pty Ltd., Sumitomo Construction Machinery Co., Ltd., Caterpillar Inc., Komatsu Australia Pty Ltd., Liebherr-International Deutschland GmbH, Volvo AB, Wacker Neuson SE, SANY Australia, Hitachi Construction Machinery Australia Pty Ltd., and Others.
The market is driven by factors that include increasing government initiatives, private investments, and technological advancements, among others.
The market is categorised according to its end-use, which includes construction and infrastructure, mining, oil and gas, manufacturing and others.
In 2022, the construction market in Australia had a robust size of approximately USD 167.2 billion.
The lion's share of Australia's housing construction revenue, exceeding 80%, is derived from three key states: Victoria (34%), New South Wales (28%), and Queensland (19%). These eastern states represent the focal points of the country's population concentration.
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