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The global construction machinery market is projected to grow at a CAGR of 4.1% during the forecast period of 2024-2032.
Rapid urbanisation and rising investment in building projects have led to an increased demand for construction equipment, thus, aiding the growth of the global construction machinery industry. With the growing construction expenditure across Asian and Middle Eastern regions in the past few years, the industry is receiving a further boost.
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The global construction machinery industry is divided based on segments like machinery type and drive type.
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Based on its machinery type, the industry is segmented into:
Based on its drive type, the industry is divided into hydraulic and electric and hybrid
The EMR report looks into the regional construction machinery markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The rising population and fast urbanisation has resulted in the increased demand for multi-family homes, condominiums, hospitals, hotels, and offices, thus, aiding the construction machinery market growth. With the rising property prices, skyscrapers have become a latest trend due to their capacity to provide more cost-effective floor room, further propelling the industry forward. The Asia Pacific region is one of the largest markets for the product, offering several opportunities to the industry for its growth in the future. The rapidly growing infrastructure activities coupled with the rising investment by the governments to develop infrastructure are the significant factors contributing to the growth of construction machinery market globally.
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The report presents a detailed analysis of the following key players in the global construction machinery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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:
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Breakup by Machinery Type |
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Breakup by Drive Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Construction Machinery Market Analysis
8.1 Key Industry Highlights
8.2 Global Construction Machinery Historical Market (2018-2023)
8.3 Global Construction Machinery Market Forecast (2024-2032)
8.4 Global Construction Machinery Market by Machinery Type
8.4.1 Crane
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Telescopic Handlers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Excavator
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Loader and Backhoe
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Motor Grader
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Construction Machinery Market by Drive Type
8.5.1 Hydraulic
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electric and Hybrid
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Construction Machinery Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Construction Machinery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Construction Machinery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Construction Machinery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Construction Machinery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Construction Machinery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CNH Industrial N.V.
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 Deere and Company
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 Manitou Group
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 Zoomlion Heavy Industry Science and Technology Co., 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 Hitachi, Ltd.
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 J.C Bamford Excavators
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 Caterpillar Inc.
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 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Construction Machinery Market: Key Industry Highlights, 2018 and 2032
2. Global Construction Machinery Historical Market: Breakup by Machinery Type (USD Billion), 2018-2023
3. Global Construction Machinery Market Forecast: Breakup by Machinery Type (USD Billion), 2024-2032
4. Global Construction Machinery Historical Market: Breakup by Drive Type (USD Billion), 2018-2023
5. Global Construction Machinery Market Forecast: Breakup by Drive Type (USD Billion), 2024-2032
6. Global Construction Machinery Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Construction Machinery Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Construction Machinery Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Construction Machinery Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Construction Machinery Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Construction Machinery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Construction Machinery Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Construction Machinery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Construction Machinery Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Construction Machinery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Construction Machinery Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Construction Machinery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Construction Machinery Market Structure
The market is expected to grow at a CAGR of 4.1% between 2024 and 2032.
The major drivers of the market include rising population, rapid urbanisation, rising construction industry and rising investment in building projects.
Rapid developments in the infrastructure sector is a key trend propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading machinery types in the global construction machinery market are crane, telescope handlers, excavator, loader and backhoe, and motor grader, among others.
The drive types in the market are hydraulic, electric, and hybrid.
The major players in the market are CNH Industrial N.V, Deere & Company, Manitou Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., Hitachi Construction Machinery Co., Ltd., J.C. Bamford Excavators Limited, and Caterpillar Inc., among others.
The global construction machinery market driven by the rapid urbanisation and rising investment in building projects. Aided by the increased demand for construction equipment the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.1%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on machinery type, the market can be divided into crane, telescopic handlers, excavator, loader and backhoe, motor grader, among others. On the basis of drive type, the hydraulic, electric and hybrid. The major regional markets for construction machinery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CNH Industrial N.V, Deere & Company, Manitou Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., Hitachi Construction Machinery Co., Ltd., J.C. Bamford Excavators Limited, and Caterpillar Inc. [CAT (NYSE)], among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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