Construction Equipment Market Size predicts favorable growth and forecast 2023 – 2028
The Construction Equipment Market is expected to grow at a rate of 3.8% CAGR by 2028.
Market Research Engine has published a new report titled as “Construction Equipment Market by Equipment Type (Loaders, Cranes, Forklifts, Excavators, Dozers, Dump Trucks and Others), Application (Earthmoving, Excavation and Mining, Lifting and Material Handling, Recycling and Waste Management, Tunneling and Others), End-User (Construction and Infrastructure, Manufacturing, Mining, Oil and Gas and Others) and Geography (North America, Europe, APAC and RoW)-Forecast up to 2023 -2028.”
Browse Full Report: https://www.marketresearchengine.com/construction-equipment-market
Construction equipment is machinery which is specially designed to perform or help in construction operations. Generally, the construction equipment include wheel bulldozers, dump trucks, compactors, grader, backhoe loader, crawler dozers, front loaders, excavators, forklifts, concrete mixer truck, and others. These equipments are used for various functions such as grading, hauling, drilling, excavating, paving, lifting, and others. The global construction equipment market includes number of industries such as manufacturing, construction & infrastructure, and oil & gas. There has been a remarkable growth in the demand for construction and infrastructural development in the past few years, which is positively impacting the usage of construction equipment. The growing construction of residential, industrial and commercial setups across the world is accelerating the growth of the market. Additionally, there is an enormous requirement for infrastructural development in many developing nations, which is creating a huge demand for construction equipment. However, the stringent government regulations may limit the market growth.
The Construction Equipment Market is expected to grow at a rate of 3.8% CAGR by 2028.
The Construction Equipment Market has been segmented as below:
Construction Equipment Market by Equipment Type
- Loaders
- Cranes
- Forklifts
- Excavators
- Dozers
- Dump Trucks
- Others
Construction Equipment Market by Application
- Earthmoving
- Excavation and Mining
- Lifting and Material Handling
- Recycling and Waste Management
- Tunneling
- Others
Construction Equipment Market by End-User
- Construction and Infrastructure
- Manufacturing
- Mining
- Oil and Gas
- Others
Construction Equipment Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of equipment type, the construction equipment market is bifurcated into Loaders, Cranes, Forklifts, Excavators, Dozers, Dump Trucks and Others. The loaders segment accounted to have the major share in the market. Loaders are likely to have significant growth owing to the growth of present and new manufacturing facilities, surging demand for households, rising disposable income, and government subsidies. Apart from this, the demand for automated loaders is obtaining traction as they are integrating with intelligent devices such as Bluetooth, cellular, and other advanced tools. This feature minimizes manpower handling and assists to record the efficiency and performance of the loaders.
In the market for application, the construction equipment market is segmented into Earthmoving, Excavation and Mining, Lifting and Material Handling, Recycling and Waste Management, Tunneling and Others. The Earthmoving segment has the major share in the market. Since, the rising urban population, along with the demand for better infrastructure, is generating significant growth opportunities for earthmoving construction equipment. Motor graders, excavators, and loaders are examples of earthmoving equipment.
As per the construction equipment market based on end user the market is divided into Construction and Infrastructure, Manufacturing, Mining, Oil and Gas and Others. The construction and infrastructure are the major end users of the construction equipment. The growing construction and infrastructure expenditure, especially in rising markets, has led to impressive construction equipment market sales. Owing to the high government expenditure on infrastructure projects, majorly in rural areas the construction equipment sales are projected to rise highly in the coming years.
According to the geographical analysis, Asia Pacific has occupied a substantial share in the market growth. This is due to the considerable demand in the construction & infrastructure segment. Therefore, several key players are extending their presence in the Asia-Pacific to serve the rising construction sector, and also the oil & gas, mining, and other industries.
Globally, the construction equipment is largely obtaining popularity due to the significant rise in the construction of housing projects and commercial infrastructure as a result of swift urbanization and a surging global population. The high urbanization largely augments the demand for infrastructure such as residential and transportation. Further, the global population is expected to rise by two billion by 2040, with urban populations rising by more than 40%. These factors will highly aid the global market growth over the estimated period.
Key competitors included in the market are Hitachi Construction Machinery Co Ltd, Sandvik Mining And Rock Technology, J C Bamford Excavators Ltd, Caterpillar Private Limited, Doosan Infracore, CNH, Epiroc, John Deere Ltd, Kobe Steel Ltd and Komatsu
Therefore, the construction equipment market is witnessing a significant growth and is expected to grow in the estimated period. Since, the activities such as construction and infrastructure, manufacturing, mining, oil and gas and others are rising around the world day by day where the construction equipment requirement is increasing highly.
- The report includes a detailed overview of the parent market along with the changing market dynamics in the industry.
- Further provides with the in-depth market segmentation, possible and niche segments, geographical regions depicting the potential growth.
- This study describes the past, current and estimated market size in respect to the volume and value and also the recent industry trends and developments
- Also the competitive landscape and strategies of key players and products offered in the report.
Request Sample Report from here: https://www.marketresearchengine.com/construction-equipment-market
Table of Contents:
- Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
4. Market characteristics
5. Equipment Type: Market Size & Analysis
6. Application: Market Size & Analysis
7. End-User: Market Size & Analysis
7.1. Overview
7.2. Construction and Infrastructure
7.3. Manufacturing
7.4. Mining
7.5. Oil and Gas
7.6. Others
8. Geography: Market Size & Analysis9. Competitive Landscape
10. Vendor Profiles
10.1. Caterpillar Private Limited
10.2. Hitachi Construction Machinery Co Ltd
10.3. J C Bamford Excavators Ltd
10.4. Sandvik Mining And Rock Technology
10.5. CNH
10.6. Doosan Infracore
10.7. Epiroc
10.8. John Deere Ltd
10.9. Kobe Steel Ltd
10.10. Komatsu
10.11. Kubota Corporation
11. Analyst Opinion
12. Annexure
About MarketResearchEngine.com
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
Other Related Market Research Reports:
Non-Small Cell Lung Cancer Market Size predicts favorable growth and forecast 2023 – 2026
Health and Wellness Market Future Scope (2024-2027): Key Factors, Status and Forecast
Dystonia Drugs Market Future Scope (2024-2027): Key Factors, Status and Forecast
Media Contact
Company Name: Market Research Engine
Contact Person: John Bay
Email: [email protected]
Phone: +1-855-984-1862
Country: United States
