Construction Equipment Market by Type (Excavator-Crawler & Mini, Loader-Backhoe, Skid-steer, Wheel, Dozer, Dump Truck, Others), Electric Equipment, Propulsion, Power Output, Application, Rental, Aftertreatment Device and Region - Global Forecast to 2025
Construction Equipment Market
Construction equipment refers to heavy machinery that performs specific construction or demolition functions. This equipment is transportable, semi-permanent, or permanent and is primarily used for earthmoving, lifting containers or materials, drilling holes in the earth or rock, and concrete and paving applications. It is also used in various other applications such as infrastructure, residential buildings, commercial buildings, and industrial buildings
Drivers
- Increase in infrastructure investments post the COVID-19 pandemic
- OEM-centric connected features
Restraint
- Decreased deal value of construction equipment projects
- Top 10 Players:
- Caterpillar- The Company provides construction equipment through its construction industries business segment under the brand name, CAT. Caterpillar’s construction industries segment is primarily responsible for supporting customers using machinery in infrastructure, forestry, and building construction. The majority of sales in this segment are in the heavy and general construction, rental, quarry and aggregates, and mining markets.
- Komatsu– The Company has a global presence and manufactures and sells construction and mining equipment, utilities, forest machines, and industrial machinery. It operates in two major business segments, namely, Construction, Mining, & Utility Equipment Business, and Industrial Machinery & Others. Its heavy construction equipment business falls under the Construction, Mining & Utility Equipment segment.
- Deere & Company– The Company majorly operates in three business segments, namely, agriculture and turf, construction and forestry, and financial services. The construction and forestry segment primarily manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting, including backhoe loaders; crawler dozers and loaders, etc.
- Hitachi Construction Machinery- The Company manufactures, sells, and services construction machinery, transportation machinery, and other machines and devices. It operates through two segments, namely, Construction Machinery Business (including Construction and Mining Business) and Industrial Vehicles Business. It manages the construction equipment business under the Construction Machinery Business segment.
- Volvo Construction Equipment- The Company develops, manufactures, and markets equipment for construction and related industries under the brands Volvo and SDLG. The group is one of the largest manufacturers of heavy-duty trucks, construction equipment, buses, and heavy-duty diesel engines and a leading supplier of marine and industrial engines. The Volvo Group’s brand portfolio comprises Volvo, Volvo Penta, UD Trucks, Terex Trucks, Renault Trucks, Prevost, Nova Bus, Mack, and Arquus.
- CNH Industrial
- Liebherr
- XCMG
- Sany Heavy Industries
- Doosan Heavy Industries & Construction
- JCB
- Terex Corporation
- Zoomlion
- Other Regional Players:
- Atlas Copco AB
- Sandvik
- Wirtgen Group
- Ammann
- Manitowoc
- Astec Industries
- Guangxi LiuGong Machinery Co., Ltd.
- Hyundai Heavy Industries
- Kobe Steel Ltd.
- Sumitomo Heavy Industries
- Top Construction Equipment:
- Articulated Dump Truck
- Asphalt Finisher
- Backhoe Loader
- Crawler Dozer
- Crawler Excavator
- Crawler Loader
- Mini Excavator
- Motor Grader
- Motor Scraper
- Rigid Dump Truck
- Road Roller
- RTLT Masted
- RTLT Telescopic
- Skid-Steer Loader
- Wheeled Excavator
- Wheeled Loader >80 Hp
- Wheeled Loader <80 Hp
- Top 10 Players:
[ 267 Pages Report] The global construction equipment market size is projected to reach USD 205.0 billion by 2025, from an estimated value of USD 169.3 billion in 2020, at a 3.9% CAGR. Rapid urbanization leading to increased demand for housing projects are expected to boost the market. The increasing number of infrastructure projects and mega construction projects are anticipated to further fuel the demand for construction equipment during the forecast period.
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COVID-19 IMPACT ON MARKET
The construction industry has been severely impacted due to the COVID-19 pandemic, including owners, developers, contractors, subcontractors, and supply chain vendors. The nature of the impact varies depending upon the regions and infrastructure projects. Construction activities have been on halt for months in China, UK, and India, which led to shutting down various construction projects. Therefore, construction output is estimated to be lower in 2020 due to the COVID-19 pandemic impact.
The companies in various countries such as China and Italy have shut down their production units leading to a sharp decrease in the production of a wide range of materials ranging from steel to cement. Contractors who rely on Chinese-made goods and materials are expected to face an increase in costs caused by shortages of construction material, leading to the slower execution of projects. This is expected to result in higher prices and a higher number of canceled projects. Also, limitations in public transportation have slowed down the delivery of projects. Therefore, the delays and cancellations of construction projects worldwide due to the COVID-19 pandemic have affected the demand for construction equipment. However, the government plans to uplift the construction sector through significant investments in the coming future are expected to increase the need for new construction equipment after lifting lockdowns.
Market Dynamics
DRIVER: Increase in infrastructure investments post the COVID-19 pandemic to stimulate economic growth expected to fuel the demand for construction equipment
Construction is among the significantly impacted industries due to the COVID-19 pandemic. Sales of construction equipment have fallen globally. Factors impacting construction equipment manufacturers include infrastructure, residential, commercial, industrial construction, mine and well construction, and institutional spending. Countries such as the US, UK, China, and India are among the significantly affected countries. However, there is significant demand for hospitals and other medical facilities, laboratories, and shipping and logistics infrastructure. In addition, some countries have begun moderately reopening activities across sectors, including the construction industry. This is expected to impact the demand for construction equipment in the near future positively.
RESTRAINT: The decreased deal value of construction equipment projects
The COVID-19 pandemic has significantly impacted the construction and infrastructure sectors. It offers a wide range of challenges to the construction industry, which are expected to hinder ongoing projects and decrease new infrastructure investments globally. Uncertainty of recovery from the pandemic has hampered investors' confidence, thereby affecting the sales of construction equipment. Due to the COVID-19 pandemic, the construction sector around the world is facing a decline in investments. Therefore, low investments in the construction sector are expected to impact construction equipment sales and hamper short and midterm growth.
OPPORTUNITY: COVID-19 pandemic to provide opportunities for companies offering construction equipment on rent
The global construction equipment industry's growth is directly related to worldwide infrastructure development and investments in new projects. Post the reopening of large global construction projects and large capital investments related to new construction equipment has helped boost the rental market's growth for construction equipment. Renting equipment for construction projects offers various advantages to builders rather than purchasing new construction equipment, requiring significant down payments and increasing operating expenses. The reopening of economies around the world is contributing to the recovery of the rental construction equipment market.
CHALLENGE: Lack of harmonized emission regulations globally
This Global Technical Regulation (GTR) aims at providing a worldwide harmonized method to determine the levels of emissions of gaseous compounds, particulate matter, particle number, CO2 emissions, fuel consumption, electric energy consumption, and electric range from light-duty vehicles. Regulatory authorities in Europe, US, and Japan have been under pressure from engine and equipment manufacturers to harmonize worldwide emission standards in order to streamline engine development and emission type approval/certification for different markets. The European Commission has proposed the world’s toughest emission standards for non-road mobile machinery (NRMM). Therefore, it is difficult for construction equipment manufacturers to entirely meet the latest emission regulations for different countries around the world and become a challenge for them in terms of engine technologies, design, and associated costs.
Construction Equipment Market Supply Chain
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Wheeled Loader> 80HP segment is estimated to be the largest market during the forecast period
By equipment type, the wheeled loader >80 HP segment is estimated to dominate the construction equipment market in 2020. These equipment are used primarily to load/unload and bulk material movement in construction, quarry, and crushers. They are widely used in large scales infrastructure projects such as roads and highways, railways, dams, ports, and airports. An increase in roadways and residential buildings in China and India is driving the demand for these equipment. Government initiatives in infrastructure development have further anticipated the demand for wheeled loaders.
100-200HP segment is projected to be the largest market during the forecast period
Construction equipment with this power output allows manufacturers to improve machine capability and downsize the engine to one of lower displacement. This reduces maintenance costs and improves fuel economy and better component layout. Construction equipment with a power output range between 100-200 HP is primarily suitable for road, airport construction projects, and commercial projects.
Earthmoving Equipment segment to hold the largest market share during the forecast period
Most earthmoving equipment uses hydraulic drives as the primary source of motion. Excavators (crawler and wheeled), loaders (backhoe, skid-steer), and motor grader are considered under earthmoving equipment. These equipment are designed for construction activities. Asia is projected to account for the largest share of the earthmoving equipment market in terms of value by 2025. The increasing urban population and the demand for better infrastructure facilities are creating significant growth opportunities for the earthmoving construction equipment.
Asia pacific is projected to be the largest market throughout 2025
The construction equipment market has experienced growth in the number of projects such as dams, airports, and hydroelectric projects. Many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the market to grow.
Some of the major projects driving this region's construction equipment market are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These mega projects have led to an increase in investments and construction activities, thereby driving the region's construction equipment market.
Key Market Players & Start-ups
Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden). These companies developed new products, adopted expansion strategies, undertook collaborations & partnerships, and used mergers & acquisitions to gain traction in the construction equipment market.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
2020–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Equipment type, Electric Equipment, Equipment Category, Aftertreatment Device, Propulsion, Power Output, Engine Capacity, Emission Regulation, Application, Rental and Region |
|
Geographies covered |
Asia Pacific, Europe, North America, Middle East and Rest of the World |
|
Companies covered |
Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden). |
The study categorizes the construction equipment market based on equipment type, electric equipment, equipment category, aftertreatment device, propulsion, power output, engine capacity, emission regulation, application, rental and region
By Equipment Type
- Articulated Dump Truck
- Asphalt Finisher
- Backhoe Loader
- Crawler Dozer
- Crawler Excavator
- Crawler Loader
- Mini Excavators
- Motor Grader
- Motor Scraper
- Road Roller
- Rigid Dump Truck
- RTLT Masted
- RTLT Telescopic
- Skid-Steer Loader
- Wheeled Excavator
- Wheeled Loader <80 Hp
- Wheeled Loader >80hp
By Equipment Category
- Earthmoving Equipment
- Material-Handling Equipment
- Heavy Construction Vehicles
- Other Equipment
By Application
- Infrastructure
- Commercial
- Residential
Rental by Application
- Infrastructure
- Commercial
- Residential
By Propulsion Type
- Diesel
- CNG/LNG/RNG
By Power Output
- <100 HP
- 101–200 HP
- 201–400 HP
- >400 HP
Rental by Engine Capacity
- 5L
- 5-10L
- 10L
Electric Construction Equipment By Type
- Dump Truck
- Loader
- Dozer
- Excavator
- Motor Grader
Rental by Aftertreatment Device
- Diesel Oxidation Catalyst (DOC)
- Diesel Particulate Filter (DPF)
- Exhaust Gas Recirculation (EGR)
- Selective Catalytic Reduction (SCR)
By Emission Regulation Stage
- Stage II
- Stage III
- Stage IV
- Stage V
- Stage VI
- Tier 4
- Tier 5
By Region
- Asia
- Europe
- North America
- Middle East
- Rest of the World
Recent Developments
- In August 2020, John Deere introduced the 200G model to its excavator range. Designed to decrease fuel burn amount without sacrificing power or productivity, the 200G Excavator enables operators to complete tough jobs while also lowering overall operation costs quickly. Combined with John Deere’s broad bucket portfolio, coupler options and attachments, and accelerated swing speed, the 200G machine is ideal for various applications, including site development, roadbuilding, and earthmoving.
- In August 2020, Hitachi Construction Machinery Co., Ltd. (TSE: 6305; Hitachi Construction Machinery) developed a system platform, ZCORE, which facilitates the development of autonomous construction equipment, enhances its functionality. This is part of Hitachi Construction Machinery’s effort to increase safety and productivity at future construction sites in line with the company vision of man and equipment working together cooperatively.
- In April 2020, Caterpillar has launched the new Cat AD63 Underground Articulated Truck features five percent increased payload and more torque for enhanced production capabilities, compared to its predecessor, the AD60. The new AD63 also be configured to meet the strictest diesel engine emission regulations for regulatory compliance and better underground air quality. Additional new features enhance operator ergonomics, maintenance access, safety, and data collection for machine health monitoring. The AD63, with a 63-ton payload, is the largest underground truck in the Caterpillar product line. The new model is expected to be available in late 2020.
- In January 2020, Volvo Construction Equipment (Volvo CE) debuted two new asphalt paver models for its North American range at ConExpo-Con/Agg 2020 – the P5110B tracked, and P5170B wheeled pavers. Built for both heavy commercial and light highway tasks, the machines offer easy maintenance and strong performance, coupled with significant fuel savings.
- In April 2019, Komatsu Ltd. launched the PC30E-5 electric mini excavator in Japan. Based on Komatsu’s accumulated technological expertise of hybrid construction equipment and electric forklift trucks, this electric model offers excavation performance on par with the internal combustion model of the same power output while achieving zero exhaust gas and significant noise reduction. In addition to promising use in indoor and night-time work, the PC30E-5 is an industry-pacesetting model that promotes the widespread use of construction equipment friendly to humans and the natural environment.
Frequently Asked Questions (FAQ):
What is the current size of the global construction equipment market?
The global construction equipment market is estimated to be USD 169.3 billion in 2020, with Asia dominating the market.
How is the global construction equipment market shaping up? What role has COVID-19 played in the market?
The construction industry has been severely impacted due to the COVID-19 pandemic, including owners, developers, contractors, subcontractors, and supply chain vendors. However, governments plan to uplift the construction sector through significant investments in the coming future are expected to increase the demand for new construction equipment
Many companies are operating in the construction equipment market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden). These companies developed new products, adopted expansion strategies, undertook collaborations & partnerships, and used mergers & acquisitions to gain traction in the construction equipment market.
How is the demand for construction equipment varies by region?
The growth of the construction equipment market is majorly dependent on the construction sector's growth in different regions. Due to the rapid urban infrastructure developments in China, Japan, and India, Asia is estimated to be the leading market. Together, Europe and North America are expected to grow due to the high demand for construction equipment associated with the growing construction investments in these regions.
Which are the key technologies at present in the construction equipment industry? How would the demand shift in future?
Electrification has been increasing in construction equipment. Various construction equipment manufacturers are also focusing on developing advanced electric powertrains for construction equipment, especially compact models. Therefore, the development evolution of advanced electric equipment is expected to offer significant construction equipment manufacturers significant opportunities during the forecast period. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 24)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 SUMMARY OF CHANGES
1.4 MARKET SCOPE
FIGURE 1 CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 2 CONSTRUCTION EQUIPMENT MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for equipment sales
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques & data collection methods
2.1.2.2 Primary participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH: CONSTRUCTION EQUIPMENT MARKET (EQUIPMENT TYPE, CATEGORY, REGIONAL & COUNTRY-LEVEL)
2.2.2 TOP-DOWN APPROACH: MARKET (APPLICATION/PROPULSION/POWER OUTPUT/ENGINE CAPACITY)
2.2.3 BOTTOM-UP APPROACH: RENTAL MARKET (APPLICATION AND REGION)
2.2.4 TOP-DOWN APPROACH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET (EQUIPMENT AND REGION)
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
3.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 6 PRE- VS POST-COVID-19 SCENARIO: CONSTRUCTION EQUIPMENT MARKET, 2018-2025 (USD MILLION)
TABLE 1 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018-2025 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 7 MARKET OUTLOOK
FIGURE 8 MARKET, BY EQUIPMENT TYPE, 2020 & 2025 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 ATTRACTIVE OPPORTUNITIES IN THE CONSTRUCTION EQUIPMENT MARKET
FIGURE 9 RISING DEMAND FOR URBAN INFRASTRUCTURE PROJECTS AND WHEELED LOADER WITH >80 HP EXPECTED TO DRIVE THE MARKET
4.2 MARKET, BY REGION
FIGURE 10 ASIA PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
4.3 MARKET, BY EQUIPMENT CATEGORY
FIGURE 11 MATERIAL HANDLING EQUIPMENT SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
4.4 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 12 WHEELED LOADER> 80 HP SEGMENT IS PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD
4.5 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 13 DUMP TRUCK PROJECTED TO BE THE LARGEST SEGMENT FROM 2020 TO 2025
4.6 MARKET, BY APPLICATION
FIGURE 14 COMMERCIAL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
4.7 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION
FIGURE 15 COMMERCIAL SEGMENT IS EXPECTED TO HOLD LARGEST MARKET SHARE IN 2020
4.8 CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE
FIGURE 16 SCR SEGMENT PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD
4.9 MARKET, BY POWER OUTPUT
FIGURE 17 100-200 HP SEGMENT PROJECTED TO LEAD THE MARKET FROM 2020 TO 2025
4.10 MARKET, BY ENGINE CAPACITY
FIGURE 18 <5L SEGMENT IS ESTIMATED TO HOLD LARGEST MARKET SHARE IN 2020
4.11 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE
FIGURE 19 CNG/LNG/RNG SEGMENT PROJECTED TO GROW AT A HIGHER RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 50)
5.1 INTRODUCTION
5.2 YEARS CONSIDERED FOR THE STUDY
5.3 MARKET DYNAMICS
FIGURE 20 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE CONSTRUCTION EQUIPMENT MARKET
5.3.1 DRIVERS
5.3.1.1 Increase in infrastructure investments post the COVID-19 pandemic
5.3.1.2 OEM-centric connected features
5.3.2 RESTRAINTS
5.3.2.1 Decreased deal value of construction equipment projects
5.3.3 OPPORTUNITIES
5.3.3.1 COVID-19 pandemic to provide opportunities for companies offering construction equipment on rent
5.3.3.2 Electric and autonomous construction equipment
5.3.4 CHALLENGES
5.3.4.1 Lack of harmonized emission regulations globally
5.4 IMPACT OF COVID-19 ON THE CONSTRUCTION SECTOR
5.4.1 COVID-19 HEALTH ASSESSMENT
FIGURE 21 COVID-19 PROPAGATION: SELECT COUNTRIES
5.5 CONSTRUCTION EQUIPMENT MARKET SCENARIO
FIGURE 22 MARKET SCENARIO, 2018-2025 (USD MILLION)
5.5.1 MOST LIKELY/REALISTIC SCENARIO
TABLE 2 MARKET (REALISTIC SCENARIO), BY REGION, 2018-2025 (USD MILLION)
5.5.2 HIGH COVID-19 IMPACT SCENARIO
TABLE 3 MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018-2025 (USD MILLION)
5.5.3 LOW COVID-19 IMPACT SCENARIO
TABLE 4 CONSTRUCTION EQUIPMENT MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018-2025 (USD MILLION)
5.6 REVENUE SHIFT FOR CONSTRUCTION EQUIPMENT MANUFACTURERS
5.7 PRICING ANALYSIS
TABLE 5 AVERAGE PRICES OF CONSTRUCTION EQUIPMENT TYPES, 2019
5.8 TECHNOLOGICAL ANALYSIS
5.8.1 OVERVIEW
5.8.1.1 Autonomous construction equipment
5.8.1.2 Connected technologies
5.8.1.3 Grade control system
5.8.1.4 Payload weighing system
5.9 ECOSYSTEM
FIGURE 23 ECOSYSTEM: CONSTRUCTION EQUIPMENT MARKET
5.10 SUPPLY CHAIN
FIGURE 24 SUPPLY CHAIN ANALYSIS: MARKET
6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 65)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 ASSUMPTIONS/LIMITATIONS
6.1.3 INDUSTRY INSIGHTS
FIGURE 25 MARKET, BY EQUIPMENT TYPE, 2020 & 2025 (USD MILLION)
TABLE 6 MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
6.2 ARTICULATED DUMP TRUCK
6.2.1 MANEUVERABILITY OVER ROUGH TERRAIN DRIVE DEMAND OF THESE TRUCKS
TABLE 8 ARTICULATED DUMP TRUCK MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 9 ARTICULATED DUMP TRUCK MARKET, BY REGION, 2018-2025 (USD MILLION)
6.3 ASPHALT FINISHER
6.3.1 INVESTMENT IN ROAD CONSTRUCTION PROJECTS TO DRIVE THE DEMAND
TABLE 10 ASPHALT FINISHER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 11 ASPHALT FINISHER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.4 BACKHOE LOADER
6.4.1 ABILITY TO PERFORM HEAVY TASKS DRIVE THE DEMAND FOR THIS EQUIPMENT
TABLE 12 BACKHOE LOADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 13 BACKHOE LOADER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.5 CRAWLER DOZER
6.5.1 GROWING INFRASTRUCTURE ACTIVITIES TO DRIVE THE DEMAND
TABLE 14 CRAWLER DOZER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 15 CRAWLER DOZER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.6 CRAWLER EXCAVATOR
6.6.1 HEAVY INVESTMENTS IN INFRASTRUCTURE BY GOVERNMENT FUEL THIS SEGMENT
TABLE 16 CRAWLER EXCAVATOR MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 17 CRAWLER EXCAVATOR MARKET, BY REGION, 2018-2025 (USD MILLION)
6.7 CRAWLER LOADER
6.7.1 DEMAND FOR CRAWLER LOADERS IS INCREASING OWING TO THEIR HIGH LIFTING CAPACITY, POWER & FLEXIBILITY
TABLE 18 CRAWLER LOADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 19 CRAWLER LOADER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.8 MINI EXCAVATOR
6.8.1 LOW-FUEL CONSUMPTION AND REDUCED NOISE MAKE MINI EXCAVATORS MORE RELIABLE FOR USE
TABLE 20 MINI EXCAVATOR MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 21 MINI EXCAVATOR MARKET, BY REGION, 2018-2025 (USD MILLION)
6.9 MOTOR GRADER
6.9.1 LOW-COST AND EFFICIENCY DRIVE THE DEMAND OF THIS EQUIPMENT
TABLE 22 MOTOR GRADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 23 MOTOR GRADER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.1 MOTOR SCRAPER
6.10.1 WIDE APPLICATION IN CONSTRUCTION SITE DRIVE THE DEMAND OF THIS EQUIPMENT
TABLE 24 MOTOR SCRAPER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 25 MOTOR SCRAPER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.11 ROAD ROLLER
6.11.1 ROAD DEVELOPMENT PROJECTS FUEL THE DEMAND FOR ROAD ROLLERS
TABLE 26 ROAD ROLLER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 27 ROAD ROLLER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.12 RIGID DUMP TRUCK
6.12.1 MANEUVERABILITY DRIVE THE DEMAND FOR THIS EQUIPMENT
TABLE 28 RIGID DUMP TRUCK MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 29 RIGID DUMP TRUCK MARKET, BY REGION, 2018-2025 (USD MILLION)
6.13 RTLT MASTED
6.13.1 RTLT MASTED IS USED TO OFFLOAD BRICKS ACROSS ROUGH TERRAIN
TABLE 30 RTLT MASTED MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 31 RTLT MASTED MARKET, BY REGION, 2018-2025 (USD MILLION)
6.14 RTLT TELESCOPIC
6.14.1 MORE VERSATILITY COMPARED TO RTLT MASTED TO DRIVE THE DEMAND
TABLE 32 RTLT TELESCOPIC MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 33 RTLT TELESCOPIC MARKET, BY REGION, 2018-2025 (USD MILLION)
6.15 SKID-STEER LOADER
6.15.1 DEMAND FOR ENERGY EFFICIENT EQUIPMENT FUEL THIS SEGMENT
TABLE 34 SKID-STEER LOADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 35 SKID-STEER LOADER MARKET, BY REGION, 2018-2025 (USD MILLION)
6.16 WHEELED EXCAVATOR
6.16.1 EASE OF OPERATION DRIVE THE DEMAND FOR WHEELED EXCAVATORS
TABLE 36 WHEELED EXCAVATOR MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 37 WHEELED EXCAVATOR MARKET, BY REGION, 2018-2025 (USD MILLION)
6.17 WHEELED LOADER <80 HP
6.17.1 SMALL-SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THIS EQUIPMENT
TABLE 38 WHEELED LOADER <80 HP MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 39 WHEELED LOADER <80 HP MARKET, BY REGION, 2018-2025 (USD MILLION)
6.18 WHEELED LOADER >80 HP
6.18.1 LARGE SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THESE LOADERS
TABLE 40 WHEELED LOADER >80 HP MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 41 WHEELED LOADER >80 HP MARKET, BY REGION, 2018-2025 (USD MILLION)
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY (Page No. - 87)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS/LIMITATIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 26 MARKET, BY EQUIPMENT CATEGORY, 2020 & 2025 (USD MILLION)
TABLE 42 MARKET, BY EQUIPMENT CATEGORY, 2018-2025 (UNITS)
TABLE 43 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2018-2025 (USD MILLION)
7.2 EARTHMOVING EQUIPMENT
7.2.1 INCREASED CONSTRUCTION ACTIVITIES DRIVE THE DEMAND OF THIS EQUIPMENT
TABLE 44 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 45 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION)
7.3 MATERIAL HANDLING EQUIPMENT
7.3.1 INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE THIS SEGMENT
TABLE 46 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 47 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION)
7.4 HEAVY CONSTRUCTION VEHICLES
7.4.1 ROAD AND TUNNEL CONSTRUCTION PROJECTS TO DRIVE THE DEMAND
TABLE 48 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 49 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018-2025 (USD MILLION)
7.5 OTHERS
7.5.1 RISING URBAN INFRASTRUCTURE ACTIVITIES TO DRIVE THIS SEGMENT
TABLE 50 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 51 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION)
8 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE (Page No. - 94)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS/LIMITATIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 27 MARKET, BY PROPULSION TYPE, 2020 & 2025 (USD MILLION)
TABLE 52 MARKET, BY PROPULSION TYPE, 2018-2025 (UNITS)
TABLE 53 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018-2025 (USD MILLION)
8.2 DIESEL
8.2.1 DEMAND FOR HIGH TORQUE DRIVE DIESEL-POWERED EQUIPMENT
TABLE 54 DIESEL: MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 55 DIESEL: MARKET, BY REGION, 2018-2025 (USD MILLION)
8.3 CNG/LNG/RNG
8.3.1 DEMAND FOR ALTERNATIVE FUELS WILL DRIVE THIS SEGMENT
TABLE 56 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 57 CNG/LNG/RNG: MARKET, BY REGION, 2018-2025 (USD MILLION)
9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT (Page No. - 100)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS/LIMITATIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 28 MARKET, BY POWER OUTPUT, 2020 & 2025 (USD MILLION) 102
TABLE 58 MARKET, BY POWER OUTPUT, 2018-2025 (UNITS) 102
TABLE 59 MARKET, BY POWER OUTPUT, 2018-2025 (USD MILLION) 102
9.2 <100 HP
9.2.1 ROAD MAINTENANCE AND REPAIR PROJECTS EXPECTED TO DRIVE THIS SEGMENT
TABLE 60 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS) 103
TABLE 61 <100 HP: MARKET, BY REGION, 2018-2025 (USD MILLION)
9.3 101-200 HP
9.3.1 LOW MAINTENANCE COST OF CONSTRUCTION EQUIPMENT WITH 101-200 HP DRIVE THIS SEGMENT
TABLE 62 101-200 HP: MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 63 100-200HP: MARKET, BY REGION, 2018-2025 (USD MILLION)
9.4 201-400 HP
9.4.1 INCREASING DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT
TABLE 64 201-400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 65 201-400 HP: MARKET, BY REGION, 2018-2025 (USD MILLION)
9.5 >400 HP
9.5.1 COMMERCIAL CONSTRUCTION PROJECTS EXPECTED TO DRIVE THIS SEGMENT
TABLE 66 >400 HP: MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 67 >400 HP: MARKET, BY REGION, 2018-2025 (USD MILLION)
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY (Page No. - 107)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 INDUSTRY INSIGHTS
FIGURE 29 MARKET, BY ENGINE CAPACITY, 2020 & 2025 (USD MILLION)
TABLE 68 MARKET, BY ENGINE CAPACITY, 2018-2025 (UNITS)
TABLE 69 MARKET, BY ENGINE CAPACITY, 2018-2025 (USD MILLION)
10.2 <5L
10.2.1 DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT TO DRIVE THIS SEGMENT
TABLE 70 <5L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 71 <5L: MARKET, BY REGION, 2018-2025 (USD MILLION)
10.3 5-10L
10.3.1 WIDE APPLICATION OF 5-10L ENGINES TO DRIVE THIS SEGMENT
TABLE 72 5-10L: MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 73 5-10L: MARKET, BY REGION, 2018-2025 (USD MILLION)
10.4 >10L
10.4.1 DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT
TABLE 74 >10L: MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 75 >10L: MARKET, BY REGION, 2018-2025 (USD MILLION)
11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION (Page No. - 113)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS/LIMITATIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 30 MARKET, BY APPLICATION, 2020 & 2025 (USD MILLION)
TABLE 76 MARKET, BY APPLICATION, 2018-2025 (USD MILLION)
11.2 INFRASTRUCTURE
11.2.1 INVESTMENTS IN INFRASTRUCTURE PROJECTS EXPECTED TO DRIVE THE DEMAND FOR CONSTRUCTION EQUIPMENT
TABLE 77 INFRASTRUCTURE CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION)
11.3 COMMERCIAL
11.3.1 CONSTRUCTION OF OFFICE SPACES AND MANUFACTURING UNITS TO DRIVE THIS SEGMENT
TABLE 78 COMMERCIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION)
11.4 RESIDENTIAL
11.4.1 GROWING POPULATION AND URBAN CITY DEVELOPMENTS TO PROPEL THE USE CONSTRUCTION EQUIPMENT IN RESIDENTIAL SEGMENT
TABLE 79 RESIDENTIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018-2025 (USD MILLION) 117
12 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 118)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS/LIMITATIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 31 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2020 & 2025 (USD MILLION)
TABLE 80 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 81 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
12.2 ELECTRIC DUMP TRUCK
12.2.1 DEMAND FOR HYBRID DUMP TRUCKS EXPECTED TO DRIVE THIS SEGMENT
TABLE 82 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 83 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018-2025 (USD MILLION)
12.3 ELECTRIC DOZER
12.3.1 LOWER MAINTENANCE AND IMPROVED PRODUCTIVITY DRIVE THE DEMAND FOR DOZERS
TABLE 84 ELECTRIC DOZER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 85 ELECTRIC DOZER MARKET, BY REGION, 2018-2025 (USD MILLION)
12.4 ELECTRIC EXCAVATOR
12.4.1 DEMAND FOR MINI EXCAVATORS TO DRIVE THIS SEGMENT
TABLE 86 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 87 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018-2025 (USD MILLION)
12.5 ELECTRIC MOTOR GRADER
12.5.1 ROAD CONSTRUCTION PROJECTS EXPECTED TO DRIVE DEMAND FOR MOTOR GRADER
TABLE 88 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 89 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018-2025 (USD MILLION)
12.6 ELECTRIC LOADER
12.6.1 DEMAND FOR SKID AND COMPACT LOADERS EXPECTED TO FUEL THIS SEGMENT
TABLE 90 ELECTRIC LOADER MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 91 ELECTRIC LOADER MARKET, BY REGION, 2018-2025 (USD MILLION)
13 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE (Page No. - 126)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
FIGURE 32 OFF-HIGHWAY EQUIPMENT EMISSION REGULATIONS, BY KEY COUNTRY, 2019-2030
TABLE 92 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE, 2018-2025 (UNITS)
13.2 STAGE II
TABLE 93 STAGE I/II EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 94 STAGE II NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025
13.3 STAGE III
TABLE 95 STAGE III A/B EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 96 STAGE III NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.4 STAGE III A/B
TABLE 97 STAGE III A/B NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.5 STAGE IV
TABLE 98 STAGE IV EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES
TABLE 99 STAGE IV NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.6 STAGE V
TABLE 100 STAGE V EMISSION STANDARDS FOR NON-ROAD ENGINES
TABLE 101 STAGE V NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.7 STAGE VI
TABLE 102 STAGE VI NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.8 TIER 4
TABLE 103 TIER 4 EMISSION STANDARDS FOR NON-ROAD ENGINES
TABLE 104 TIER 4 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
13.9 TIER 5
TABLE 105 TIER 5 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES, BY REGION, 2018-2025 (UNITS)
14 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION (Page No. - 136)
14.1 INTRODUCTION
14.1.1 RESEARCH METHODOLOGY
14.1.2 ASSUMPTIONS/LIMITATIONS
14.1.3 INDUSTRY INSIGHTS
FIGURE 33 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2020 & 2025 (USD MILLION)
TABLE 106 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2018-2025 (USD MILLION)
14.2 INFRASTRUCTURE
14.2.1 HIGH VALUED INFRASTRUCTURE PROJECTS EXPECTED TO DRIVE THIS SEGMENT
TABLE 107 INFRASTRUCTURE CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018-2025 (USD MILLION)
14.3 COMMERCIAL
14.3.1 COMMERCIAL DEVELOPMENTS TO DRIVE THE DEMAND FOR CONSTRUCTION EQUIPMENT RENTAL SERVICES
TABLE 108 COMMERCIAL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018-2025 (USD MILLION)
14.4 RESIDENTIAL
14.4.1 DEMAND TO REDUCE INITIAL INVESTMENT IN CONSTRUCTION OF RESIDENTIAL BUILDINGS WILL DRIVE RENTAL SERVICES
TABLE 109 RESIDENTIAL CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018-2025 (USD MILLION)
15 CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE (Page No. - 142)
15.1 INTRODUCTION
15.1.1 RESEARCH METHODOLOGY
15.1.2 ASSUMPTIONS/LIMITATIONS
15.1.3 INDUSTRY INSIGHTS
TABLE 110 AFTERTREATMENT DEVICES FOR DIFFERENT EMISSION REGULATION
FIGURE 34 MARKET, BY AFTERTREATMENT DEVICE, 2020 & 2025 (USD MILLION)
TABLE 111 MARKET, BY AFTERTREATMENT DEVICE, 2018-2025 (UNITS)
TABLE 112 MARKET, BY AFTERTREATMENT DEVICE, 2018-2025 (USD MILLION)
15.2 EXHAUST GAS RECIRCULATION (EGR)
15.2.1 COUNTRIES WITH STAGE III EMISSION REGULATION TO DRIVE THIS SEGMENT
TABLE 113 EXHAUST GAS RECIRCULATION (EGR) MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 114 EXHAUST GAS RECIRCULATION (EGR) MARKET, BY REGION, 2018-2025 (USD MILLION)
15.3 DIESEL OXIDATION CATALYST (DOC)
15.3.1 REGULATED ECONOMIES WITH TIER 3 OR ABOVE EMISSION STANDARDS TO DRIVE THIS SEGMENT
TABLE 115 DIESEL OXIDATION CATALYST (DOC) MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 116 DIESEL OXIDATION CATALYST (DOC) MARKET, BY REGION, 2018-2025 (USD MILLION)
15.4 DIESEL PARTICULATE FILTER (DPF)
15.4.1 STAGE IV AND STAGE V EMISSION NORMS TO DRIVE THE DEMAND FOR DPF FILTERS
TABLE 117 DIESEL PARTICULATE FILTER (DPF) MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 118 DIESEL PARTICULATE FILTER (DPF) MARKET, BY REGION, 2018-2025 (USD MILLION)
15.5 SELECTIVE CATALYTIC REDUCTION (SCR)
15.5.1 REDUCTION OF NOX EMISSION EXPECTED TO DRIVE THE DEMAND FOR SCR
TABLE 119 SELECTIVE CATALYTIC REDUCTION (SCR) MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 120 SELECTIVE CATALYTIC REDUCTION (SCR) MARKET, BY REGION, 2018-2025 (USD MILLION)
16 CONSTRUCTION EQUIPMENT MARKET, BY REGION (Page No. - 150)
16.1 INTRODUCTION
FIGURE 35 MARKET IN MIDDLE EAST IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2020-2025
16.1.1 RESEARCH METHODOLOGY
16.1.2 ASSUMPTIONS
16.1.3 INDUSTRY INSIGHTS
FIGURE 36 MARKET, BY REGION, 2020 & 2025 (USD MILLION)
TABLE 121 MARKET, BY REGION, 2018-2025 (UNITS)
TABLE 122 MARKET, BY REGION, 2018-2025 (USD MILLION)
16.2 ASIA
FIGURE 37 ASIA MARKET SNAPSHOT
TABLE 123 ASIA: MARKET, BY COUNTRY, 2018-2025 (UNITS)
TABLE 124 ASIA: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
16.2.1 CHINA
16.2.1.1 Heavy investment plans and market competitiveness to drive the market
TABLE 125 CHINA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 126 CHINA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.2.2 INDIA
16.2.2.1 Infrastructure sector to bolster the market
TABLE 127 INDIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 128 INDIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.2.3 JAPAN
16.2.3.1 Residential and commercial construction activities are projected to drive market
TABLE 129 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 130 JAPAN: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.2.4 INDONESIA
16.2.4.1 Housing and transport infrastructure investment to drive to the market
TABLE 131 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 132 INDONESIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.2.5 REST OF ASIA
16.2.5.1 Infrastructure investments and housing projects to drive market
TABLE 133 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 134 REST OF ASIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.3 NORTH AMERICA
FIGURE 38 NORTH AMERICA MARKET SNAPSHOT
TABLE 135 NORTH AMERICA: MARKET, BY COUNTRY, 2018-2025 (UNITS)
TABLE 136 NORTH AMERICA: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
16.3.1 US
16.3.1.1 Strong growth of construction sector expected to drive the market
TABLE 137 US: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 138 US: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.3.2 CANADA
16.3.2.1 Infrastructure projects are projected to drive demand for construction equipment
TABLE 139 CANADA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 140 CANADA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.3.3 MEXICO
16.3.3.1 Increased construction activities expected to drive market
TABLE 141 MEXICO: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 142 MEXICO: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4 EUROPE
FIGURE 39 EUROPE: MARKET SNAPSHOT
TABLE 143 EUROPE: MARKET, BY COUNTRY, 2018-2025 (UNITS)
TABLE 144 EUROPE: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
16.4.1 GERMANY
16.4.1.1 Increase demand for compact construction equipment to drive market in this country
TABLE 145 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 146 GERMANY: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4.2 FRANCE
16.4.2.1 Rapid developments in metropolitan areas are expected to boost demand
TABLE 147 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018-2025, (UNITS)
TABLE 148 FRANCE: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4.3 UK
16.4.3.1 Residential construction projects to drive market
TABLE 149 UK: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 150 UK: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4.4 SPAIN
16.4.4.1 Growing demand for residential buildings propel the market in Spain
TABLE 151 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 152 SPAIN: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4.5 ITALY
16.4.5.1 Maintenance and renovation segment to drive the market
TABLE 153 ITALY: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 154 ITALY: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.4.6 REST OF EUROPE
16.4.6.1 The growth of construction sector expected to drive the demand
TABLE 155 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 156 REST OF EUROPE: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.5 MIDDLE EAST
FIGURE 40 MIDDLE EAST: MARKET, BY COUNTRY, 2020 & 2025 (USD MILLION)
TABLE 157 MIDDLE EAST: MARKET, BY COUNTRY, 2018-2025 (UNITS)
TABLE 158 MIDDLE EAST: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
16.5.1 QATAR
16.5.1.1 Foreign direct investments in construction sector to drive the market
TABLE 159 QATAR: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 160 QATAR: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.5.2 SAUDI ARABIA
16.5.2.1 Vision 2030 plan to drive demand for construction equipment
TABLE 161 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 162 SAUDI ARABIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.5.3 UAE
16.5.3.1 Mega projects are expected to drive market
TABLE 163 UAE: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 164 UAE: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.5.4 REST OF MIDDLE EAST
16.5.4.1 Public-private partnerships for construction projects to drive the market
TABLE 165 REST OF MIDDLE EAST: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 166 REST OF MIDDLE EAST MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.6 REST OF THE WORLD (ROW)
FIGURE 41 ROW: MARKET, BY COUNTRY, 2020-2025 (USD MILLION)
TABLE 167 ROW: MARKET, BY COUNTRY, 2018-2025 (UNITS)
TABLE 168 ROW: MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
16.6.1 BRAZIL
16.6.1.1 Increased hotel construction projects to drive the market in Brazil
TABLE 169 BRAZIL: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 170 BRAZIL MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.6.2 RUSSIA
16.6.2.1 Growing construction projects expected to drive market
TABLE 171 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 172 RUSSIA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.6.3 SOUTH AFRICA
16.6.3.1 Residential and non-residential construction activities to drive market
TABLE 173 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 174 SOUTH AFRICA: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
16.6.4 OTHERS
16.6.4.1 Infrastructure projects to drive the demand
TABLE 175 OTHERS: MARKET, BY EQUIPMENT TYPE, 2018-2025 (UNITS)
TABLE 176 OTHERS: MARKET, BY EQUIPMENT TYPE, 2018-2025 (USD MILLION)
17 RECOMMENDATIONS FROM MARKETSANDMARKETS (Page No. - 208)
17.1 ASIA IS THE POTENTIAL MARKET FOR CONSTRUCTION EQUIPMENT MANUFACTURERS
17.2 RENTAL CONSTRUCTION EQUIPMENT ALONG WITH TELEMATICS WILL PROPEL ITS GROWTH
17.3 ELECTRIC CONSTRUCTION EQUIPMENT TO CREATE NEW OPPORTUNITIES
17.4 CONCLUSION
18 COMPETITIVE LANDSCAPE (Page No. - 210)
18.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
FIGURE 42 NEW PRODUCT DEVELOPMENT IS THE LEADING STRATEGY ADOPTED BY CONSTRUCTION EQUIPMENT OEMS
18.2 MARKET SHARE ANALYSIS
FIGURE 43 CONSTRUCTION EQUIPMENT MARKET SHARE, KEY PLAYERS, 2019
18.3 COMPANY EVALUATION MATRIX - CONSTRUCTION EQUIPMENT PLAYERS
18.3.1 TERMINOLOGY
18.3.2 STARS
18.3.3 EMERGING LEADERS
18.3.4 PERVASIVE PLAYERS
18.3.5 PARTICIPANTS
FIGURE 44 CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (2019)
18.4 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 45 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE CONSTRUCTION EQUIPMENT MARKET
18.5 BUSINESS STRATEGY EXCELLENCE
FIGURE 46 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE CONSTRUCTION EQUIPMENT MARKET
19 COMPANY PROFILES (Page No. - 217)
(Business overview, Products offered, Recent developments & MnM View)*
19.1 CATERPILLAR INC.
FIGURE 47 CATERPILLAR INC.: COMPANY SNAPSHOT
TABLE 177 CATERPILLAR INC.: ORGANIC DEVELOPMENTS
TABLE 178 CATERPILLAR INC.: INORGANIC DEVELOPMENTS
19.2 KOMATSU LTD
FIGURE 48 KOMATSU LTD.: COMPANY SNAPSHOT
TABLE 179 KOMATSU LTD.: ORGANIC DEVELOPMENTS
TABLE 180 KOMATSU LTD.: INORGANIC DEVELOPMENTS
19.3 DEERE & COMPANY
FIGURE 49 DEERE & COMPANY: COMPANY SNAPSHOT
TABLE 181 DEERE & COMPANY: ORGANIC DEVELOPMENTS
TABLE 182 DEERE & COMPANY: INORGANIC DEVELOPMENTS
19.4 HITACHI CONSTRUCTION MACHINERY CO., LTD.
FIGURE 50 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT
TABLE 183 HITACHI CONSTRUCTION MACHINERY CO., LTD.: ORGANIC DEVELOPMENTS
TABLE 184 HITACHI CONSTRUCTION MACHINERY CO., LTD.: INORGANIC DEVELOPMENTS
19.5 VOLVO GROUP
FIGURE 51 VOLVO GROUP: COMPANY SNAPSHOT
TABLE 185 VOLVO GROUP: ORGANIC DEVELOPMENTS
TABLE 186 VOLVO GROUP: INORGANIC DEVELOPMENTS
19.6 CNH INDUSTRIAL
FIGURE 52 CNH INDUSTRIAL: COMPANY SNAPSHOT
TABLE 187 CNH INDUSTRIAL: ORGANIC DEVELOPMENTS
TABLE 188 CNH INDUSTRIAL: INORGANIC DEVELOPMENTS
19.7 LIEBHERR
FIGURE 53 LIEBHERR: COMPANY SNAPSHOT
TABLE 189 LIEBHERR: ORGANIC DEVELOPMENTS
TABLE 190 LIEBHERR: INORGANIC DEVELOPMENTS
19.8 XCMG
TABLE 191 XCMG: ORGANIC DEVELOPMENTS
TABLE 192 XCMG: INORGANIC DEVELOPMENTS
19.9 SANY HEAVY INDUSTRY CO., LTD
TABLE 193 SANY HEAVY INDUSTRY CO., LTD: ORGANIC DEVELOPMENTS
TABLE 194 SANY HEAVY INDUSTRY CO., LTD: ORGANIC DEVELOPMENTS
19.1 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.
FIGURE 54 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.: COMPANY SNAPSHOT
TABLE 195 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.: INORGANIC DEVELOPMENTS
19.11 JCB
TABLE 196 JCB: ORGANIC DEVELOPMENTS
19.12 TEREX CORPORATION
FIGURE 55 TEREX CORPORATION: COMPANY SNAPSHOT
TABLE 197 TEREX CORPORATION: ORGANIC DEVELOPMENTS
19.13 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
FIGURE 56 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.:
COMPANY SNAPSHOT
TABLE 198 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.:
ORGANIC DEVELOPMENTS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
19.14 ADDITIONAL CPS
19.14.1 EUROPE
19.14.1.1 Atlas Copco AB
19.14.1.2 Sandvik Group
19.14.1.3 Wirtgen Group
19.14.1.4 Ammann
19.14.2 US
19.14.2.1 Manitowoc
19.14.2.2 Astec Industries
19.14.3 ASIA
19.14.3.1 Guangxi LiuGong Machinery Co., Ltd.
19.14.3.2 Hyundai Heavy Industries
19.14.3.3 Kobe Steel Ltd.
19.14.3.4 Sumitomo Heavy Industries
20 APPENDIX (Page No. - 259)
20.1 CURRENCY & PRICING
TABLE 199 CURRENCY EXCHANGE RATES (WRT PER USD)
20.2 KEY INSIGHTS OF INDUSTRY EXPERTS
20.3 DISCUSSION GUIDE
20.4 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
20.5 AVAILABLE CUSTOMIZATIONS
20.5.1 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY & COUNTRY
20.5.1.1 Earthmoving equipment
20.5.1.2 Material handling equipment
20.5.1.3 Heavy construction vehicles
20.5.1.4 Others
20.6 RELATED REPORTS
20.7 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the construction equipment market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate segments and subsegments' market size.
Secondary Research
Secondary sources referred for this research study include the Association of Equipment Manufacturers, the Committee for European Construction Equipment (CECE), corporate filings (such as annual reports, investor presentations, and financial statements) off-highway associations. Secondary data was collected and analyzed to arrive at the overall market size, which is validated further through primary research
Primary Research
Extensive primary research was conducted after understanding the construction equipment market through secondary research. Several primary interviews were conducted with market experts from both the demand- (rental players and distributors) and supply-side (off-highway OEMs, component suppliers, and others) players across five major regions—namely, North America, Europe, Asia, the Middle East, and RoW (Latin America and Africa). Approximately 70% and 30% respectively of primary interviews were conducted from both the demand and supply side. The primary data was collected through questionnaires, e-mails, and telephonic interviews.
After interacting with industry participants, brief sessions with highly experienced independent consultants were conducted to reinforce primaries' findings. This, along with the in-house subject matter experts’ opinions, has led to the findings as described in the remainder of this report.
Breakdown of Primaries
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Note: **Others include sales, marketing, and product managers.
Market Size Estimation
The bottom-up approach was used to estimate and validate the market size of the construction equipment market. The market size of the market, by equipment and by country, was derived by mapping different equipment's historical sales at the country-level. These data points were fetched mainly from the country level associations, off-highway database, and data excerpts from OEMs. The market size, by value, was derived by multiplying the equipment wise average selling price with the respective equipment volume calculated in units. The total volume and value of each country/ region are then summed up to reveal the total volume of the global market for each equipment type. The data was validated through primary interviews with industry experts. The market is segmented further into equipment category, power output, engine capacity, propulsion, and electric construction equipment. The penetration of different segments was derived from secondary research as well as primary interviews.
The construction equipment rental market value was estimated post analyzing the different geographies. The market value was derived using the regional penetrations found from various secondary and primary sources. The rental market was analyzed further by the application using the top-down approach.
Construction Equipment Market: Bottom-Up Approach
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Report Objectives
- To define, describe, and forecast the size of the construction equipment market in terms of volume (units) and value (USD million/billion)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges)
- To segment the market and forecast the market size, by value and volume, based on:
- Equipment Type - Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavator, Crawler Loader, Mini Excavator, Motor Grader, Motor Scraper, Rigid Dump Truck, Road Roller, Rough Terrain Lift Truck (RTLT) Masted, Rough Terrain Lift Truck (RTLT) Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loader >80 Hp, and Wheeled Loader <80 Hp
- Electric Construction Equipment by Type - Dump Truck, Loader, Dozer, Excavator, and Motor Grader
- Equipment Category - Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicle, and Other Equipment
- Application Type – Commercial, Residential, and Infrastructure
- Power Output - <100 HP, 101–200 HP, 201–400 HP, and >400 HP
- Engine Capacity - <5L, 5L-10L, and >10L
- Emission Regulation - Stage II, Stage III, Stage IIIA, Stage IV, Stage V, Stage VI, Tier 4, and Tier 5
- After Treatment Device - Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), and Selective Catalytic Reduction (SCR)
- Propulsion Type – Diesel and CNG/LNG/RNG
- Construction Equipment Rental Market by Application Type – Commercial, Residential, and Infrastructure
- Region – Asia, Europe, North America, Middle East, and Rest of the World
- To analyze the share of key manufacturers operating in the market
- To understand the competition in the market and position players as stars, leaders, pervasive, and emerging companies according to their product portfolios, strengths, and business strategies
- To provide an analysis of the recent developments, alliances, joint ventures, and mergers & acquisitions in the market
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- Construction equipment market, BY equipment CATEGORY & country
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