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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 (2016-2026); 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 2021-2026 to attain USD 244 billion by 2026.

 

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: Industry Definition and 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.

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.

 

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 emerging 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Heavy Construction Equipment Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Heavy Construction Equipment Historical Market (2016-2020) 
    8.3    Global Heavy Construction Equipment Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            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 (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
            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 (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
            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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Material Handling
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Transportation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Excavation and Demolition
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Tunneling
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Recycling and Waste Management
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        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 (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Infrastructure
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Forestry and Agriculture
            8.6.3.1    Market Share
            8.6.3.2    Historical     Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Construction and Manufacturing
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Vehicle Transport 
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Public Works
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Heavy Construction Equipment Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Deere & Company.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Komatsu Ltd.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    AB Volvo
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Doosan Infracore Co., Ltd.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Hitachi Construction Machinery Co., Ltd.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Caterpillar Inc.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Liebherr-International AG
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Heavy Construction Equipment Market: Key Industry Highlights, 2016 and 2026
2.    Global Heavy Construction Equipment Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Heavy Construction Equipment Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Heavy Construction Equipment Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Heavy Construction Equipment Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Heavy Construction Equipment Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Heavy Construction Equipment Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Heavy Construction Equipment Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Heavy Construction Equipment Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Heavy Construction Equipment Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Heavy Construction Equipment Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Heavy Construction Equipment Market Structure

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