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Construction Equipment Market

Construction Equipment Market by Equipment Type (Compact construction equipment, Heavy construction equipment), by Solution Type (Services, Products), by Application (Lifting and Material handling, Excavation and Mining, Earth Moving, Transportation, Others), by End User (Manufacturing, Mining, Oil and gas, Construction and Infrastructure, Others), by Type (Dump Trucks, Backhoe loader, Grader, Wheel Bulldozer, Front Loaders, Crawler Dozers, Compactors, Excavators, Forklifts, Concrete Mixer Truck, Others)- Growth, Share, Opportunities & Competitive Analysis, 2018 – 2028
Report Book

Published Date: Sep 2023
Category: Building & Construction
Report ID: 57745
Report Format: PDF
No of Pages: 230

Rating: Credence Reports

Market Insights

The global construction equipment market is growing steadily with improving economic conditions and increasing investment in the construction sector globally. Emerging economies across the world are investing a 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 In addition, end users in developed markets are replacing their outdated equipment with advanced solutions.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.

Market Drivers

Rising government investments in modernizing existing infrastructure are fueling construction endeavors in developing nations. For example, India is intensely working on improving its road networks to ensure smooth resource transport. In June 2022, the Indian Minister of Road Transport and Highways inaugurated 15 new national highway initiatives valued at USD 1.7 billion in Patna Hajipur and Bihar. Similarly, in March 2023, Singapore’s government revealed plans to start building a new terminal 5 (T5) at Changi Airport by 2025. This expansion aims to reduce air passenger congestion at Changi Airport. Such boosts in road construction lead to heightened demand for equipment like forklifts, pavers, and dozers, propelling the global construction equipment market’s growth.

Furthermore, contractors prioritize using state-of-the-art construction machines to enhance work efficiency, reduce labor-induced lags, and cut down equipment-induced pollution. These machines are often battery-operated and come with features like telematics and Advanced Driver Assistance Systems (ADAS), optimizing construction results and minimizing environmental impacts.

The construction equipment market is a dynamic sector that is influenced by a range of internal and external factors. Here are some of the primary growth drivers for the construction equipment market:

Urbanization and Infrastructure Development:

One of the most significant propellers for the construction equipment market is the relentless pace of urbanization worldwide. As the global population continues to grow, more people migrate to cities and urban areas. This movement necessitates a surge in new infrastructure projects, such as roads, bridges, airports, and buildings. Such projects inherently demand an assortment of construction equipment, ensuring steady growth for the sector.

Urbanization and Infrastructure Development:

One of the most significant propellers for the construction equipment market is the relentless pace of urbanization worldwide. As the global population continues to grow, more people migrate to cities and urban areas. This movement necessitates a surge in new infrastructure projects, such as roads, bridges, airports, and buildings. Such projects inherently demand an assortment of construction equipment, ensuring steady growth for the sector.

Government Initiatives:

Governments around the world play a pivotal role in shaping the construction landscape. Many governments initiate large-scale infrastructure projects as part of economic stimulus packages or long-term development plans. These initiatives, whether aimed at developing transportation hubs or modernizing outdated infrastructure, invariably lead to increased demand for construction machinery and equipment.

Technological Advancements:

The advent of technology has brought about revolutionary changes in almost every sector, and construction is no exception. The integration of advanced technologies, such as artificial intelligence, machine learning, and telematics, into construction equipment has increased efficiency, reduced operational costs, and improved safety standards. Such technological innovations are expected to further spur the market’s growth as companies invest in modern equipment to stay competitive.

Rising Investments in Real Estate:

The real estate sector is a significant consumer of construction equipment. As investments in residential, commercial, and industrial real estate projects rise, the demand for construction machinery follows suit. Developing economies, in particular, are witnessing a boom in real estate development, pushing the construction equipment market forward.

Rising Investments in Real Estate:

The real estate sector is a significant consumer of construction equipment. As investments in residential, commercial, and industrial real estate projects rise, the demand for construction machinery follows suit. Developing economies, in particular, are witnessing a boom in real estate development, pushing the construction equipment market forward.

Market Restraining Factors

The hefty price tag of products and a preference among contractors to lease equipment are key factors potentially stalling the global market’s growth. Instead of owning machinery, contractors tend to favor renting them for specific project durations, as owning construction equipment binds substantial capital, affecting other facets of their business.

A surging populace in Asia Pacific regions, especially in countries like India and China, necessitates the development of infrastructures such as educational institutions, housing, health facilities, government structures, and air travel hubs. Moreover, the residential construction segment is witnessing a rise in demand for construction machinery due to affordable housing prices and swift urban transitions in nations like China and India.

High Initial Investment Costs:

Construction equipment, particularly the advanced and larger machinery, requires significant capital outlay. These high initial investment costs can deter small and medium-sized construction firms from upgrading their equipment or expanding their fleets.

Maintenance and Operational Costs:

The operational and maintenance costs associated with construction equipment can be substantial. Regular maintenance is vital to ensure the machinery’s longevity and efficient performance, which adds to the total cost of ownership, discouraging potential buyers.

Fluctuating Raw Material Prices:

The construction equipment industry is heavily reliant on raw materials such as steel, rubber, and oil. Fluctuating prices of these materials can impact manufacturing costs, leading to variable equipment prices and potential decreased demand.

Stringent Emission and Environmental Regulations:

Governments and international bodies are becoming increasingly strict regarding emissions and environmental standards. Adhering to these standards might require manufacturers to invest heavily in research and development, which can increase equipment prices and potentially limit market growth.

Economic Slowdowns:

Recessions or economic downturns directly affect the construction sector. Decreased investments in infrastructure and real estate during these periods result in reduced demand for construction equipment.

The report offers a comprehensive view of the current demand-supply dynamics, technological advancements, consumption patterns, and pricing structures in the global landscape. Users gain a thorough understanding of both production and consumption trends of construction equipment across different regions. The document presents a profound exploration of factors promoting and hindering market expansion. Additionally, it features an extensive value chain assessment, PESTEL examination, and a compelling market attractiveness study, aiding in pinpointing prime investment sectors and crafting successful market strategies.

The research provides quantified insights for diverse construction equipment categories in terms of volume and revenue. The market segmentation is based on the type of equipment and geographical region. Each regional segment undergoes a comprehensive review, encompassing the production and consumption patterns of construction equipment. Data from 2020 & 2021 is presented, alongside projections from 2024 to 2028 in terms of both volume and revenue. Furthermore, the report outlines the market footprint of construction equipment in predominant countries within each region.

Focused on prominent global construction equipment producers, the report sheds light on their product range, financial status, regional presence, and recent industry activities. It also delineates the market stance of these key participants, paired with their strategies that ensure a competitive edge.

The global construction equipment market is classified into the 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
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

We have considered the following type of construction equipment to estimate the market size of the 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 (Conveyors, Hoists, etc.)

Concrete and Road Construction Equipment

  • Concrete Mixers and Pavers
  • Crushing and Road Construction Equipment
  • Other(Pumps, Road Rollers, etc.)

Earth moving equipment 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 machinery at relatively cheaper prices, which is increasing their demand in cost-sensitive markets. In addition, rising fuel prices worldwide are increasing the demand for construction equipment that provides higher fuel efficiency. This increases the demand for compact loaders and hydraulic excavators due to their higher fuel efficiency. Material handling equipment are also expected to see steady growth with the increasing investment in the energy sector and improving construction industry outlook. Construction contractors in emerging nations are replacing their outdated machinery with advanced solutions such as automated batching processes. In addition, rising investment in road construction by countries worldwide to support their economic growth is increasing the demand for road construction machinery and equipment.

The global construction equipment market is classified into four major regions i.e., North America, Europe, Asia Pacific, and the Rest of the World (RoW). The Rest of the world’s construction equipment market is further classified into South America, Africa and the Middle East. The Asia Pacific accounted for the largest global construction equipment market revenue in 2021. The market for construction equipment in the U.S. is expected to grow with the rising replacement of aging equipment with advanced technology to increase the efficiency of the construction process. In addition, flexible credit policies available in the U.S. motivate end users to invest in construction equipment.

Regional Insights

The Asia Pacific is predicted to see the fastest growth throughout the forecast period 2024 – 2028. 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 the increasing population in urban areas, the Chinese government has planned to build new 36 million low-cost houses in major cities during its 12th five-year plan. In addition, expanding roads and other transportation networks to improve the connectivity between major cities is also influencing the demand for construction equipment. The Middle East and South America are also expected to see significant growth in the sale of construction equipment with increasing construction activities in these regions.

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, 2020 – 2028, (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, 2020 – 2028, (US$ Bn) (Thousand Units)
4.2.1 Global Excavator Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.2.2 Global Loader Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.2.3 Global Other Earth Moving Equipment (Bull Dozers, Scrappers etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.3 Global Construction Vehicles Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.3.1 Global Dumpers Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.3.2 Global Trailer Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.3.3 Global Other Construction Vehicles (Tankers, Tippers etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.4 Global Material Handling Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.4.1 Global Cranes Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.4.2 Global Forklifts Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.4.3 Global Other Material Handling Equipment (Conveyers, Hoists etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.5 Global Concrete and Road Construction Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.5.1 Global Concrete Mixers and Pavers Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.5.2 Global Crushing and Road Construction Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
4.5.3 Global Other Concrete and Road Construction Equipment (Pumps, Road Rollers etc) Market Revenue and Growth, 2020 – 2028, (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, 2020 – 2028 (US$ Bn)
5.2.1 SRC Analysis
5.3 North America Construction Equipment Market Analysis, By Country, 2020 – 2028 (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, 2020 – 2028 (US$ Bn)
6.2.1 SRC Analysis
6.3 Europe Construction Equipment Market Analysis, By Country, 2020 – 2028 (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, 2020 – 2028 (US$ Bn)
7.2.1 SRC Analysis
7.3 Asia Pacific Construction Equipment Market Analysis, By Country, 2020 – 2028 (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, 2020 – 2028 (US$ Bn)
8.2.1 SRC Analysis
8.3 RoW Construction Equipment Market Analysis, By Country, 2020 – 2028 (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, 2019 (US$ Bn)
FIG. 5 Global Construction Equipment Market, By Geography, 2019 (US$ Bn)
FIG. 6 Global Construction Equipment Market Revenue, 2020 – 2028, (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, 2019
FIG. 10 Global Construction Equipment Market Revenue Contribution, By Product Type, 2019 & 2028 (US$ Bn)
FIG. 11 Global Earth Moving Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 12 Global Excavator Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 13 Global Loader Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 14 Global Other Earth Moving Equipment (Bull Dozers, Scrappers etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 15 Global Construction Vehicles Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 16 Global Dumpers Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 17 Global Trailer Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 18 Global Other Construction Vehicles (Tankers, Tippers etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 19 Global Material Handling Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 20 Global Cranes Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 21 Global Forklifts Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 22 Global Other Material Handling Equipment (Conveyers, Hoists etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 23 Global Concrete and Road Construction Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 24 Global Concrete Mixers and Pavers Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 25 Global Crushing and Road Construction Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 26 Global Other Concrete and Road Construction Equipment (Pumps, Road Rollers etc) Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 27 North America Construction Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 28 Europe Construction Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 29 Asia Pacific Construction Equipment Market Revenue and Growth, 2020 – 2028, (US$ Bn) (Thousand Units)
FIG. 30 RoW Construction Equipment Market Revenue and Growth, 2020 – 2028, (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, 2020 – 2028 (US$ Bn)
TABLE 7 North America Construction Equipment Market Revenue, By Product, 2020 – 2028 (Thousand Units)
TABLE 8 North America Construction Equipment Market Revenue, By Country, 2020 – 2028 (US$ Bn)
TABLE 9 North America Construction Equipment Market Revenue, By Country, 2020 – 2028 (Thousand Units)
TABLE 10 Europe Construction Equipment Market Revenue, By Product, 2020 – 2028 (US$ Bn)
TABLE 11 Europe Construction Equipment Market Revenue, By Product, 2020 – 2028 (Thousand Units)
TABLE 12 Europe Construction Equipment Market Revenue, By Country, 2020 – 2028 (US$ Bn)
TABLE 13 Europe Construction Equipment Market Revenue, By Country, 2020 – 2028 (Thousand Units)
TABLE 14 Asia Pacific Construction Equipment Market Revenue, By Product, 2020 – 2028 (US$ Bn)
TABLE 15 Asia Pacific Construction Equipment Market Revenue, By Product, 2020 – 2028 (Thousand Units)
TABLE 16 Asia Pacific Construction Equipment Market Revenue, By Country, 2020 – 2028 (US$ Bn)
TABLE 17 Asia Pacific Construction Equipment Market Revenue, By Country, 2020 – 2028 (Thousand Units)
TABLE 18 RoW Construction Equipment Market Revenue, By Product, 2020 – 2028 (US$ Bn)
TABLE 19 RoW Construction Equipment Market Revenue, By Product, 2020 – 2028 (Thousand Units)
TABLE 20 RoW Construction Equipment Market Revenue, By Country, 2020 – 2028 (US$ Bn)
TABLE 21 RoW Construction Equipment Market Revenue, By Country, 2020 – 2028 (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

Frequently Asked Questions

What is the size of Construction Equipment Market?

The market for Construction Equipment is expected to reach USD XX Bn in 2028.

What is the Construction Equipment Market CAGR?

The Construction Equipment market is expected to see significant CAGR growth over the coming years, at XX %.

What is the Forecast period considered for Construction Equipment Market?

The report is forecasted from 2022-2029

What is the base year considered for Construction Equipment Market?

The base year of this report is 2021.

Who are the major players in this market?

Omatsu (Japan), Hitachi (Japan), Volvo (Sweden), Liebherr (Switzerland), Zoomlion (China), Sany (China), Doosan (South Korea), Terex (U.S.), and John Deere (U.S.) are some of the major players in the global market.

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