Reports

Global Heavy Construction Equipment Market: By Type: Earth Moving Equipment, Heavy Construction Vehicles, Material handling Equipment; By Application: Heavy Lifting, Material Handling, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Heavy Construction Equipment Market Outlook

The global heavy construction equipment market attained USD 170 billion in 2020. The market is expected to grow at a CAGR of 6.2% in the forecast period of 2023-2028 to attain USD 244 billion by 2026.

 

Global Heavy Construction Equipment Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific Region to Lead the Market Growth of Heavy Construction Equipment

The Asia Pacific held the major share of the market in the historical period, and is expected to do so in the forecast period as well. This is attributed to the conducive government policies as well as heavy funding by the governments in these areas to push the market for heavy construction equipment. The growing demand for heavy construction equipment in China due to its robust manufacturing sector is a leading driver of this market. Furthermore, increasing investment by the governments in the market for heavy construction equipment, such as excavators, loaders, etc., is expected to push the market forward during the forecast period. Companies across the globe are projecting a very high growth potential in the emerging economies of the Asia Pacific region and are heavily investing in the heavy construction equipment market in the region.

 

Heavy Construction Equipment: Market Segmentation

Heavy construction equipment is referred to as large scale machineries, which are used to reduce the need for manpower and increase efficiency on a large scale, while also reducing the time limit of processes. These are used in various sectors, such as oil and gas, construction, military, mining, and agriculture, and forestry. Various other sectors such as infrastructure, commercial buildings, and residential buildings are witnessing a growing demand for heavy construction equipment as well.

 

Global Heavy Construction Equipment Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

In terms of type, the market is segmented into:

  • Earth moving equipment, which is further divided by type into:
    • Excavators
    • Loaders
    • Dozers
    • Motor Graders
    • Others
  • Heavy construction vehicles, which is further divided by type into:
    • Dumpers
    • Tippers

Material handling equipment, which is further divided by type into:

  • Cranes
  • Telescopic Handlers
  • Others
  • Others

On the basis of application, the market is divided into:

  • Heavy Lifting
  • Material Handling
  • Transportation
  • Excavation and Demolition
  • Tunneling
  • Recycling and Waste Management
  • Others

By end use, the market is divided into:

  • Mining
  • Infrastructure
  • Forestry and Agriculture
  • Construction and Manufacturing
  • Vehicle Transport 
  • Public Works
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Heavy Construction Equipment Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Governments Investing Heavily in Infrastructure to Aid the Market Growth of Heavy Construction Equipment

Increasing government investments in construction activity is the major driver of the heavy construction equipment industry. The demand for larger construction sites is very high in emerging countries such as China, due to their rapidly growing economies and an overhaul of infrastructure. Governments around the world are spending highly on physical and social infrastructure, creating more jobs around the same to create a higher demand for goods and services. As these economies are hosting world events such as Qatar hosting the 2022 FIFA World Cup and Japan hosting the 2020 Summer Olympics (postponed to 2021) in the forecast period, the market for heavy construction equipment is expected to witness significant growth in these areas over the forecast period. Spending on large scale infrastructure is expected to increase in the coming decade, thus pushing the market in the forecast period. However, surpassing stringent region-specific government regulations is a likely barrier to the growth of this market.

 

Key Industry Players in the Global Heavy Construction Equipment Market

The report gives a detailed analysis of the following key players in the global heavy construction equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Deere & Company.
  • Komatsu Ltd.
  • AB Volvo
  • Doosan Infracore Co., Ltd.
  • Hitachi Construction Machinery Co., Ltd.
  • Caterpillar Inc.
  • Liebherr-International AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End Use, Region
Breakup by Type Earth Moving Equipment, Heavy Construction Vehicles, Material handling Equipment, Others
Breakup by Application Heavy Lifting, Material Handling, Transportation, Excavation and Demolition, Tunneling, Recycling and Waste Management, Others
Breakup by End Use Mining, Infrastructure, Forestry and Agriculture, Construction and Manufacturing, Vehicle Transport, Public Works, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Deere & Company., Komatsu Ltd., AB Volvo, Doosan Infracore Co., Ltd., Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., Liebherr-International AG, Others
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 Heavy Construction Equipment Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Heavy Construction Equipment Historical Market (2018-2022) 
    8.3    Global Heavy Construction Equipment Market Forecast (2023-2028)
    8.4    Global Heavy Construction Equipment Market by Type
        8.4.1    Earth Moving Equipment
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Excavators
                8.4.1.4.2    Loaders
                8.4.1.4.3    Dozers
                8.4.1.4.4    Motor Graders
                8.4.1.4.5    Others
        8.4.2    Heavy Construction Vehicles
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type 
                8.4.2.4.1    Dumpers
                8.4.2.4.2    Tippers 
        8.4.3    Material handling Equipment
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Cranes
                8.4.3.4.2    Telescopic Handlers
                8.4.3.4.3    Others
        8.4.4    Others
    8.5    Global Heavy Construction Equipment Market by Application
        8.5.1    Heavy Lifting
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Material Handling
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Transportation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Excavation and Demolition
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Tunneling
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Recycling and Waste Management
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Heavy Construction Equipment Market by End Use
        8.6.1    Mining
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Infrastructure
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Forestry and Agriculture
            8.6.3.1    Market Share
            8.6.3.2    Historical     Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Construction and Manufacturing
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Vehicle Transport 
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Public Works
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Others
    8.7    Global Heavy Construction Equipment Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Heavy Construction Equipment Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Heavy Construction Equipment  Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Heavy Construction Equipment Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Heavy Construction Equipment Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Heavy Construction Equipment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Deere & Company.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Komatsu Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    AB Volvo
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Doosan Infracore Co., Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hitachi Construction Machinery Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Caterpillar Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Liebherr-International AG
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market
 


List of Key Figures and Tables

1.    Global Heavy Construction Equipment Market: Key Industry Highlights, 2018 and 2028
2.    Global Heavy Construction Equipment Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Heavy Construction Equipment Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Heavy Construction Equipment Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Heavy Construction Equipment Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Heavy Construction Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Heavy Construction Equipment Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Heavy Construction Equipment Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Heavy Construction Equipment Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Heavy Construction Equipment Market Structure

Key Questions Answered in the Report

What was the global heavy construction equipment market size in 2020?

In 2020, the global heavy construction equipment market attained a value of nearly USD 170 billion.

What is the growth rate of the heavy construction equipment market?

The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 244 billion by 2026.

What are the major industry drivers?

The major drivers of the market include the rising urbanisation, increased demand for advance infrastructure, and the increasing investment by the governments in the market for heavy construction equipment, such as excavators and loaders, among others.

What are the key industry trends of the global heavy construction equipment market?

The heavy construction equipment market is being aided by demand for larger construction sites is very high in emerging countries such as China, due to their rapidly growing economies and an overhaul of infrastructure.

What are the major regional markets of heavy construction equipment, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the types of heavy construction equipment in the industry?

The type of heavy construction equipment include earth moving equipment, heavy construction vehicles, and material handling equipment, among others.

What are the leading applications of heavy construction equipment in the industry?

Heavy lifting, material handling, transportation, excavation and demolition, tunnelling, recycling and waste management, among others are the leading applications in the industry.

What are the leading end-uses of heavy construction equipment in the industry?

Mining, infrastructure, forestry and agriculture, construction and manufacturing, vehicle transport, and public works, among others are the leading end uses in the industry.

Who are the key industry players, according to the report?

The major players in the industry are Deere & Company., Komatsu Ltd., AB Volvo, Doosan Infracore Co., Ltd., Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., and Liebherr-International AG, among others.

Analyst Review

The global heavy construction equipment market attained a value of USD 170 billion in 2020, driven by the increasing investment by the governments in the market for heavy construction equipment. The market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.2%. The market is projected to reach USD 244 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. earth moving equipment, heavy construction vehicles, and material handling equipment, among others. On the basis of applications, the market is divided into heavy lifting, material handling, transportation, excavation and demolition, tunneling, and recycling and waste management, among others. On the basis of end uses, the market is divided into mining, infrastructure, forestry and agriculture, construction and manufacturing, vehicle transport, and public works, among others. The major regional markets for heavy construction equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Deere & Company., Komatsu Ltd., AB Volvo, Doosan Infracore Co., Ltd., Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., and Liebherr-International AG, 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.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Sale

Global Earthmoving Equipment Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Sale

Global Autonomous Mining Truck Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More

Global Facade Access Equipment Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $ 1999
Read More

North America Paddle Mixer Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $ 1999
Read More

Sale

Global Laser Cladding Equipment Market Report and Forecast 2023-2028

  • Email Delivery
  • Price: $  2199   $ 1799
Read More
NEWSLETTER