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PUBLISHER: IMARC | PRODUCT CODE: 1702067
PUBLISHER: IMARC | PRODUCT CODE: 1702067
Heavy Construction Equipment Market Report by Equipment Type, End User, and Region 2025-2033
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PAGES: 145 Pages
DELIVERY TIME: 2-3 business days
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The global heavy construction equipment market size reached USD 144.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 214.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.25% during 2025-2033. Infrastructure development projects, technological advancements, government regulations regarding emissions and safety standards, the trend towards rental services, adoption of renewable energy projects, recovery of the construction industry, and expansion of mining activities contribute to market growth.
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:
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 2024?
- 2.What is the expected growth rate of the global heavy construction equipment market during 2025-2033?
- 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: SR112025A5811
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: SR112025A5811
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 USD), 2019-2024
- Figure 3: Global: Heavy Construction Equipment Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Heavy Construction Equipment Market: Breakup by Equipment Type (in %), 2024
- Figure 5: Global: Heavy Construction Equipment Market: Breakup by End User (in %), 2024
- Figure 6: Global: Heavy Construction Equipment Market: Breakup by Region (in %), 2024
- Figure 7: Global: Heavy Construction Equipment (Earthmoving Equipment) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Heavy Construction Equipment (Earthmoving Equipment) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Heavy Construction Equipment (Material Handling Equipment) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Heavy Construction Equipment (Material Handling Equipment) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Heavy Construction Equipment (Heavy Construction Vehicles) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Heavy Construction Equipment (Heavy Construction Vehicles) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Heavy Construction Equipment (Other Equipment Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Heavy Construction Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Heavy Construction Equipment (Infrastructure) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Heavy Construction Equipment (Infrastructure) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Heavy Construction Equipment (Construction) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Heavy Construction Equipment (Construction) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Heavy Construction Equipment (Mining) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Heavy Construction Equipment (Mining) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Heavy Construction Equipment (Oil and Gas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Heavy Construction Equipment (Oil and Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Heavy Construction Equipment (Manufacturing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Heavy Construction Equipment (Manufacturing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Heavy Construction Equipment (Other End Users) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Heavy Construction Equipment (Other End Users) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: North America: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: North America: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: United States: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: United States: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Canada: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Canada: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Asia-Pacific: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Asia-Pacific: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: China: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: China: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Japan: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Japan: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: India: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: India: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: South Korea: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: South Korea: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Australia: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Australia: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Indonesia: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Indonesia: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Others: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Europe: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Europe: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Germany: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Germany: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: France: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: France: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: United Kingdom: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: United Kingdom: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Italy: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Italy: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Spain: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Spain: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Russia: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Russia: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Others: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Latin America: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Latin America: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Brazil: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Brazil: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Mexico: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Mexico: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Middle East and Africa: Heavy Construction Equipment Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Middle East and Africa: Heavy Construction Equipment Market: Breakup by Country (in %), 2024
- Figure 75: Middle East and Africa: Heavy Construction Equipment Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 & 2033
- Table 2: Global: Heavy Construction Equipment Market Forecast: Breakup by Equipment Type (in Million USD), 2025-2033
- Table 3: Global: Heavy Construction Equipment Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 4: Global: Heavy Construction Equipment Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Heavy Construction Equipment Market: Competitive Structure
- Table 6: Global: Heavy Construction Equipment Market: Key Players
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