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PUBLISHER: IMARC | PRODUCT CODE: 1468277
PUBLISHER: IMARC | PRODUCT CODE: 1468277
Heavy Construction Equipment Market Report by Equipment Type, End User, and Region 2024-2032
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PAGES: 138 Pages
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The global heavy construction equipment market size reached US$ 138.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 207.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Heavy construction equipment refers to large-scale machinery used for heavy operations and tasks, such as material handling, tunneling, excavation, recycling, waste management, and lifting. Tippers, dumpers, motor graders, dozers, loaders and excavators are commonly used heavy construction equipment. These machines assist in increasing the rate of output through work progress, reducing the need for manpower, enhancing efficiency, speed, and safety on a larger scale, and reducing the time limit of processes and overall construction costs. As a result, heavy construction equipment finds extensive application across the mining, manufacturing, infrastructure, construction, and oil and gas industries.
Heavy Construction Equipment Market Trends:
The significant growth in the construction industry across the globe is creating a positive outlook for the market. Heavy construction equipment is widely used for heavy lifting, demolition, river dredging, cutting trees, and moving aside or loading materials, such as asphalt, demolition debris, dirt, and snow. In line with this, the increasing adoption of cranes due to their power and precision to lift hefty materials with exactness, along with a superior level of safety, is favoring the market growth. Apart from this, various advancements in technology, such as the integration of machine learning (ML) and the Internet of Things (IoT) to optimize equipment utilization and improve operational efficiency, are providing an impetus to the market growth. Additionally, the introduction of driver assistance systems and real-time data tracking to streamline processes and monitor the location, fuel usage, operating hours and maintenance of the machinery is positively impacting the market growth. Other factors, including the increasing demand for advanced construction equipment and the implementation of various government initiatives promoting residential, commercial, and infrastructural developments, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global heavy construction equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on equipment type and end user.
Breakup by Equipment Type:
Earthmoving Equipment
Material Handling Equipment
Heavy Construction Vehicles
Others
Breakup by End User:
Infrastructure
Construction
Mining
Oil and Gas
Manufacturing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), Hyundai Doosan Infracore Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, SANY Group Co. Ltd., Terex Corporation and XCMG Group.
Key Questions Answered in This Report
- 1. What was the size of the global heavy construction equipment market in 2023?
- 2. What is the expected growth rate of the global heavy construction equipment market during 2024-2032?
- 3. What are the key factors driving the global heavy construction equipment market?
- 4. What has been the impact of COVID-19 on the global heavy construction equipment market?
- 5. What is the breakup of the global heavy construction equipment market based on the equipment type?
- 6. What are the key regions in the global heavy construction equipment market?
- 7. Who are the key players/companies in the global heavy construction equipment market?
Product Code: SR112024A5811
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Heavy Construction Equipment Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Equipment Type
- 6.1 Earthmoving Equipment
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Material Handling Equipment
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heavy Construction Vehicles
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by End User
- 7.1 Infrastructure
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Construction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Mining
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Oil and Gas
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Manufacturing
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 AB Volvo
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Caterpillar Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 CNH Industrial N.V.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Deere & Company
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Hyundai Doosan Infracore Co. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 JCB Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Komatsu Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Liebherr AG
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 SWOT Analysis
- 13.3.10 SANY Group Co. Ltd.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Terex Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 XCMG Group
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.1 AB Volvo
Product Code: SR112024A5811
List of Figures
- Figure 1: Global: Heavy Construction Equipment Market: Major Drivers and Challenges
- Figure 2: Global: Heavy Construction Equipment Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Heavy Construction Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Heavy Construction Equipment Market: Breakup by Equipment Type (in %), 2023
- Figure 5: Global: Heavy Construction Equipment Market: Breakup by End User (in %), 2023
- Figure 6: Global: Heavy Construction Equipment Market: Breakup by Region (in %), 2023
- Figure 7: Global: Heavy Construction Equipment (Earthmoving Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Heavy Construction Equipment (Earthmoving Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Heavy Construction Equipment (Material Handling Equipment) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Heavy Construction Equipment (Material Handling Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Heavy Construction Equipment (Heavy Construction Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Heavy Construction Equipment (Heavy Construction Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Heavy Construction Equipment (Other Equipment Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Heavy Construction Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Heavy Construction Equipment (Infrastructure) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Heavy Construction Equipment (Infrastructure) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Heavy Construction Equipment (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Heavy Construction Equipment (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Heavy Construction Equipment (Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Heavy Construction Equipment (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Heavy Construction Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Heavy Construction Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Heavy Construction Equipment (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Heavy Construction Equipment (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Heavy Construction Equipment (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Heavy Construction Equipment (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: North America: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: North America: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: United States: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: United States: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Canada: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Canada: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Asia-Pacific: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Asia-Pacific: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: China: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: China: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Japan: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Japan: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: India: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: India: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: South Korea: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: South Korea: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Australia: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Australia: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Indonesia: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Indonesia: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Others: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Europe: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Europe: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Germany: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Germany: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: France: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: France: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: United Kingdom: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: United Kingdom: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Italy: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Italy: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Spain: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Spain: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Russia: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Russia: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Others: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Latin America: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Latin America: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Brazil: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Brazil: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Mexico: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Mexico: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Others: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Middle East and Africa: Heavy Construction Equipment Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Middle East and Africa: Heavy Construction Equipment Market: Breakup by Country (in %), 2023
- Figure 75: Middle East and Africa: Heavy Construction Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Global: Heavy Construction Equipment Industry: SWOT Analysis
- Figure 77: Global: Heavy Construction Equipment Industry: Value Chain Analysis
- Figure 78: Global: Heavy Construction Equipment Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Heavy Construction Equipment Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Heavy Construction Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2024-2032
- Table 3: Global: Heavy Construction Equipment Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 4: Global: Heavy Construction Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Heavy Construction Equipment Market: Competitive Structure
- Table 6: Global: Heavy Construction Equipment Market: Key Players
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