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Construction Equipment Market - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: Mar 2016 | Report Code: 57745-03-16

The global construction equipment market is growing steadily with improving economic conditions and increasing investment in construction sector globally. Emerging economies across the world are investing significant amount in energy, transportation and other construction projects to support their economic developments. In addition, end users in developed markets are replacing their outdated equipment with advanced solutions. The construction equipment market has considerable opportunity for industry players across the value chain.

The report includes current demand-supply, technology, consumption and pricing trends in the global markets. The report provides user detailed information about production and consumption of construction equipment on regional basis. The study provides in-depth analysis of market drivers and restraints affecting the growth of this market. The report also include the detailed value chain analysis, PESTEL analysis and market attractive analysis in order to identify key investment areas in this market and in designing market winning strategies.   

The study also includes market estimates and forecast for the different type of construction equipment in terms of both volume and revenue. The construction equipment market is classified on the basis of equipment type and region. The study includes cross sectional analysis for each regional market which includes regional production and consumption of construction equipment. This report includes market estimates (2013 & 2014) and forecast for the period 2015 – 2022 in terms of volume and revenue. The report also provides market size of construction equipment in major countries in each region.  

The report profiles key construction equipment manufacturers in the global market. Company profile provides detailed information about product portfolio, financial overview, regional market and recent developments in construction equipment industry. The report also includes market positioning of key players in the global market along with their market winning strategies.

The global construction equipment market is classified into following categories:

  • Earth Moving Equipment
    • Excavators
    • Loaders
    • Other (Bull Dozers, Scrappers etc)
  • Construction Vehicles
    • Dumpers
    • Trailer
    • Other (Tankers, Tippers etc)
  • Material Handling Equipment
    • Cranes
    • Forklifts
    • Others (Conveyers, Hoists etc)
  • Concrete and Road Construction Equipment
    • Concrete Mixers and Pavers
    • Crushing and Road Construction Equipment
    • Others (Pumps, Road Rollers etc)
  • By Region
    • North America
      • US
      • Rest of North America
    • Europe
      • EU7
      • CIS
      • Rest of Europe
    • Asia-Pacific (APAC)
      • India
      • China
      • Japan
      • Australia
      • Southeast Asia
      • Rest of APAC
    • Rest of the World
      • South America
      • Middle East
      • Africa

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Construction Equipment Market
2.2 Global Construction Equipment Market, By Product
2.3 Global Construction Equipment Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
3.2 Key Market Trends and Future Outlook
3.2.2 Recent Trends
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Value Chain Analysis
3.8 Market Penetration Scenario, 2015
3.9 Competitive Analysis
3.9.1 Market Positioning of Key Vendors
3.10 PESTEL Analysis

Chapter 4 Construction Equipment Market by Product Type
4.1 Market Analysis
4.2 Global Earth Moving Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.2.1 Global Excavator Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.2.2 Global Loader Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.2.3 Global Other Earth Moving Equipment (Bull Dozers, Scrappers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.3 Global Construction Vehicles Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.3.1 Global Dumpers Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.3.2 Global Trailer Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.3.3 Global Other Construction Vehicles (Tankers, Tippers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.4 Global Material Handling Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.4.1 Global Cranes Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.4.2 Global Forklifts Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.4.3 Global Other Material Handling Equipment (Conveyers, Hoists etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.5 Global Concrete and Road Construction Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.5.1 Global Concrete Mixers and Pavers Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.5.2 Global Crushing and Road Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
4.5.3 Global Other Concrete and Road Construction Equipment (Pumps, Road Rollers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)

Chapter 5 North America Construction Equipment Market Analysis
5.1 Overview
5.2 North America Construction Equipment Market Analysis, By Product, 2013 – 2022 (US$ Bn)
5.2.1 SRC Analysis
5.3 North America Construction Equipment Market Analysis, By Country, 2013 – 2022 (US$ Bn)
5.3.1 SRC Analysis

Chapter 6 Europe Construction Equipment Market Analysis
6.1 Overview
6.2 Europe Construction Equipment Market Analysis, By Product, 2013 – 2022 (US$ Bn)
6.2.1 SRC Analysis
6.3 Europe Construction Equipment Market Analysis, By Country, 2013 – 2022 (US$ Bn)
6.3.1 SRC Analysis

Chapter 7 Asia Pacific Construction Equipment Market Analysis
7.1 Overview
7.2 Asia Pacific Construction Equipment Market Analysis, By Product, 2013 – 2022 (US$ Bn)
7.2.1 SRC Analysis
7.3 Asia Pacific Construction Equipment Market Analysis, By Country, 2013 – 2022 (US$ Bn)
7.3.1 SRC Analysis

Chapter 8 Rest of the World (RoW)Construction Equipment Market Analysis
8.1 Overview
8.2 RoW Construction Equipment Market Analysis, By Product, 2013 – 2022 (US$ Bn)
8.2.1 SRC Analysis
8.3 RoW Construction Equipment Market Analysis, By Country, 2013 – 2022 (US$ Bn)
8.3.1 SRC Analysis

Chapter 9 Company Profiles
9.1 Caterpillar Inc
9.1.1 Caterpillar Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.2 CNH Global N.V..
9.2.1 CNH Global N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.3 Deere & Company
9.3.1 Deere & Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.4 Hyundai Heavy Industries Co. Ltd
9.4.1 Hyundai Heavy Industries Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.5 Volvo Construction Equipment AB
9.5.1 Volvo Construction Equipment AB.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.6 Doosan Infracore Ltd
9.6.1 Doosan Infracore Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.7 Hitachi Construction Machinery Co. Ltd
9.7.1 Hitachi Construction Machinery Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.8 JCB Ltd.
9.8.1 JCB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.9 Komatsu Ltd
9.9.1 Komatsu Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.10 Liebherr-International AG
9.10.1 Liebherr-International AG.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.11 Sany Heavy Industries Co. Ltd
9.11.1 Sany Heavy Industries Co. Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.12 Terex Corporation
9.12.1 Terex Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
9.13 Xuzhou Construction Machinery Group Co. Ltd
9.13.1 Xuzhou Construction Machinery Group Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Construction Equipment: Market Segmentation
FIG. 2 Global Construction Equipment Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Construction Equipment Market, By Product, 2014 (US$ Bn)
FIG. 5 Global Construction Equipment Market, By Geography, 2014 (US$ Bn)
FIG. 6 Global Construction Equipment Market Revenue, 2013 – 2022, (US$ Bn and Thousand Units)
FIG. 7 See-Saw Analysis : Global Construction Equipment Market
FIG. 8 Value Chain Analysis: Global Construction Equipment Industry
FIG. 9 Market Positioning of Key Construction Equipment Manufacturers, 2014
FIG. 10 Global Construction Equipment Market Revenue Contribution, By Product Type, 2014 & 2022 (US$ Bn)
FIG. 11 Global Earth Moving Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 12 Global Excavator Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 13 Global Loader Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 14 Global Other Earth Moving Equipment (Bull Dozers, Scrappers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 15 Global Construction Vehicles Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 16 Global Dumpers Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 17 Global Trailer Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 18 Global Other Construction Vehicles (Tankers, Tippers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 19 Global Material Handling Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 20 Global Cranes Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 21 Global Forklifts Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 22 Global Other Material Handling Equipment (Conveyers, Hoists etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 23 Global Concrete and Road Construction Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 24 Global Concrete Mixers and Pavers Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 25 Global Crushing and Road Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 26 Global Other Concrete and Road Construction Equipment (Pumps, Road Rollers etc) Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 27 North America Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 28 Europe Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 29 Asia Pacific Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 30 RoW Construction Equipment Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)

List of Tables

TABLE 1 Market Snapshot: Global Construction Equipment Market
TABLE 2 Evolution of Construction Equipment Technology
TABLE 3 Investment in Construction Sector by Country (US$ Bn)
TABLE 4 Impact Indicators
TABLE 5 Impact Analysis of Drivers and Restraints
TABLE 6 North America Construction Equipment Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 7 North America Construction Equipment Market Revenue, By Product, 2013 – 2022 (Thousand Units)
TABLE 8 North America Construction Equipment Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 9 North America Construction Equipment Market Revenue, By Country, 2013 – 2022 (Thousand Units)
TABLE 10 Europe Construction Equipment Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 11 Europe Construction Equipment Market Revenue, By Product, 2013 – 2022 (Thousand Units)
TABLE 12 Europe Construction Equipment Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 13 Europe Construction Equipment Market Revenue, By Country, 2013 – 2022 (Thousand Units)
TABLE 14 Asia Pacific Construction Equipment Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 15 Asia Pacific Construction Equipment Market Revenue, By Product, 2013 – 2022 (Thousand Units)
TABLE 16 Asia Pacific Construction Equipment Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 17 Asia Pacific Construction Equipment Market Revenue, By Country, 2013 – 2022 (Thousand Units)
TABLE 18 RoW Construction Equipment Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 19 RoW Construction Equipment Market Revenue, By Product, 2013 – 2022 (Thousand Units)
TABLE 20 RoW Construction Equipment Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 21 RoW Construction Equipment Market Revenue, By Country, 2013 – 2022 (Thousand Units)
TABLE 22 Caterpillar Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 23 CNH Global N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 24 Deere & Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 25 NEC Hyundai Heavy Industries Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 26 Volvo Construction Equipment AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 27 Doosan Infracore Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 28 Hitachi Construction Machinery Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 29 JCB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 30 Komatsu Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 31 Liebherr-International AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 32 Sany Heavy Industries Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 33 Terex Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 34 Xuzhou Construction Machinery Group Co. Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

We have considered following type of construction equipment to estimate the market size of overall construction equipment market:

  • Earth Moving Equipment
    • Excavators
    • Loaders
    • Other (Bull Dozers, Scrappers etc)
  • Construction Vehicles
    • Dumpers
    • Trailer
    • Other (Tankers, Tippers etc)
  • Material Handling Equipment
    • Cranes
    • Forklifts
    • Others (Conveyers, Hoists etc)
  • Concrete and Road Construction Equipment
    • Concrete Mixers and Pavers
    • Crushing and Road Construction Equipment
    • Other(Pumps, Road Rollers etc)

Earth moving equipment are accounted for the largest revenue share compared to other types of construction equipment in 2014. Asia Pacific is the largest production hub for earth moving equipment. Chinese manufacturers are producing earth moving machineries at relatively cheaper price which is increasing their demand in cost sensitive markets. Rising fuel prices across the world is increasing the demand for construction equipment which provide higher fuel efficiency. This is increasing the demand for compact loader and hydraulic excavators due to their higher fuel efficiency. Material handling equipment are also expected to see steady growth with the increasing investment in energy sector and improving outlook of construction industry. Construction contractors in emerging nations are replacing their outdated machineries with advanced solutions such as automated batching process.  In addition, rising investment in road construction by countries across the world to support their economic growth is increasing the demand for road construction machineries and equipment.

Construction Equipment Market

The global construction equipment market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the world construction equipment market is further classified into South America, Africa and Middle East. Asia Pacific accounted for the largest revenue share in the global construction equipment market in 2014. The market for construction equipment in the U.S. is expected to grow with rising replacement of aging equipment with advanced technology to increase the efficiency of construction process. In addition, flexible credit policies available in the U.S. are motivating end users to invest in construction equipment. Major economies in the Europe are improving gradually after recession in 2009 and the debt crisis in 2011. This is expected to increase the demand for construction equipment with recovery in the construction sector. Russia is one of the fastest growing economies. Though, the growth in the output of construction industry is declined in the last two years, Russian government is expected to increase investments in new infrastructures to support its economic developments.

Asia Pacific is predicted to see the fastest growth throughout the forecast period 2015 – 2022. This growth is primarily attributed to rising residential as well as commercial constructions particularly in India and China. In order to provide housing facilities to increasing population in urban areas, Chinese government has planned to build new 36 million low cost houses in major cities during its 12th five year plan. In addition, expansion of road and other transportation networks to improve the connectivity between major cities is also influencing the demand for construction equipment. Middle East and South America are also expected to see the significant growth in sale of construction equipment with increasing construction activities in these regions.

Construction Equipment Market

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