Construction Equipment Market
Construction Equipment Market Study by Earth Moving, Construction Material Handling, and Concrete & Road Construction Machinery through Direct Sales and Distributors from 2024 to 2034
Analysis of Construction Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Construction Equipment Market Outlook (2024 to 2034)
The global construction equipment market size is poised to reach US$ 128.3 billion in 2024 and climb to a value of US$ 191.7 billion by the end of 2034. Worldwide sales of construction equipment are evaluated to rise at a CAGR of 4.1% from 2024 to 2034.
The construction sector requires a wide range of equipment for both small- and large-scale operations. These devices increase output, lower overall construction costs, accelerate the planned rate of production in areas where skilled and unskilled labor is scarce, and eliminate the need for heavy manual work by humans, thereby reducing fatigue and a variety of other hazards and health issues.
Key Market Growth Drivers
- Construction sector expansion is primarily being driven by rising urbanization, population growth, technological advancements, need to modernize existing infrastructure, and a greater emphasis on developing sustainable green projects.
- Favorable government initiatives, such as stimulus packages and lower housing rates, which are influencing consumers to purchase new houses, are projected to drive the construction equipment market growth during the forecast period.
- Technological advancements for more optimized and reliable products are benefitting market players. The off-highway industry is progressively embracing autonomous operating technologies.
- Construction activities are well-suited for autonomous machinery as the tasks are repetitive, physical, precise, and time-sensitive. Due to this, there is an increased need for automation in construction equipment.
- Manufacturers are developing wireless, automated construction machinery that uses radio waves from other devices to facilitate communication, receive instructions, and report conditions. This innovation ensures improved production, reduced unplanned maintenance, and increased safety. As a result, the rising popularity of autonomous construction equipment presents a significant business opportunity for the industry.
| Report Attribute | Detail |
|---|---|
| Construction Equipment Market Size (2024E) | US$ 128.3 Billion |
| Forecasted Market Value (2034F) | US$ 191.7 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.1% CAGR |
| East Asia Market Share (2024E) | 28.7% |
| North America Market Share (2024E) | 22.5% |
| Market Share of Earth Moving Machinery (2024E) | 27.4% |
| Key Companies Profiled | J C Bamford Excavators Ltd.; Deere & Company; Kobelco Construction Machinery Co. Ltd.; Caterpillar; CNH Industrial N.V; Doosan Corporation; Escorts Limited; Hitachi Construction Machinery Co. Ltd.; Hyundai Construction Equipment Co. Ltd.; Komatsu Ltd. |
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How is the Market for Construction Equipment Evolving Globally?
“Investments in Infrastructure Development and Policies Promoting Public-Private Partnerships”
Planned investments and increased construction activity for infrastructure development are projected to drive demand for construction equipment during the forecast period. The residential infrastructure construction sector is experiencing heightened demand for construction equipment due to decreasing housing prices and increased urbanization in developing countries such as China and India. In addition, government policies promoting public-private partnerships (PPP) and infrastructure projects over the forecast period are forecasted to boost the construction equipment market.
- In June 2022, the European Union announced an investment of nearly US$ 5.4 billion in transportation infrastructure development, selecting approximately 135 projects for development funding.
- Beijing's development plan for 2021 to 2025 includes 102 megaprojects. In December 2021, China's finance ministry announced an early allocation of US$ 229 billion in quotas for special-purpose bonds to support infrastructure investments.
- The United Kingdom Construction Leadership Council reported that 700 projects and more than US$ 645.7 billion are planned for the National Infrastructure Pipeline.
What is Hindering Opportunities for Market Players?
“Stringent Environmental Regulations Driving Up Project Budgets”
Real estate projects in developing countries have been delayed by stringent regulations and environmental concerns. This, in turn, increases project budgets and slows down project timelines. For instance, heavy equipment is often rented and left idle for extended periods. These factors negatively impact construction equipment revenues.
The secondary market for used construction equipment is still evolving. Consequently, the secondary construction equipment market suffers from reduced overall revenue due to the challenges in reselling equipment.
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Country-wise Insights
Key factor that is projected to contribute to the expansion of the construction equipment market size over the forecast period is the increase in construction spending worldwide. North America is set to account for a 22.5% share of the market in 2024.
Spending on construction has been increasing in the North American region over the past few years. Several upcoming multifamily housing construction projects in Europe are also driving the market for construction equipment. The real estate market in India is also contributing to the demand for construction equipment.
How is the United States Maintaining its Competitive Edge in the Construction Sector?
“Growing Emphasis on Investments and Technological Advancements and Innovation”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 22.7 Billion |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 33.6 Billion |
The United States is expected to hold a substantial 78.5% share of the North American market in 2024. This rising demand for upgraded machinery is attributed to the growing prevalence of earthmoving equipment rentals, especially mini-excavators and compact truckloaders. The market in the United States is characterized by technological advancements and innovations, maintaining its competitive edge in the global market.
The United States is home to several prominent construction equipment manufacturers, such as Caterpillar Inc., Deere & Company, and Komatsu America Corp., which bolster its strong global market position.
How is China Addressing Environmental Issues Through its Construction Practices?
“Rising Investments in Green Infrastructure and Sustainable Construction Practices”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 19.7 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 29.4 Billion |
The Regional Comprehensive Economic Partnership (RCEP) between China and Asia Pacific countries, including Japan, South Korea, Australia, and other smaller Southeast Asian countries, aims to enhance the region's transport infrastructure, thereby increasing demand. The agreement was strategically crafted for China to fortify its regional economic connections and shift focus away from the repercussions of the United States–China trade war.
Construction companies in China are progressively adopting advanced technologies and equipment to improve efficiency, productivity, and safety on construction sites, which is a key construction equipment market trend in the country. China is also investing in green infrastructure and sustainable construction practices to address environmental challenges such as pollution and climate change. These initiatives include projects focused on renewable energy, green buildings, and eco-friendly infrastructure, which require specialized construction equipment.
Category-wise Insights
The market is divided into several categories based on product type, including earth-moving equipment, earth-compacting machinery, hauling equipment, construction material handling machinery, concrete, and road construction machinery, hoisting equipment, conveying equipment, aggregate production equipment, and pile-driving equipment.
Each of the categories includes a list of equipment used for various purposes. Out of these earth-moving machineries are set to hold 57.4% of the global market share in 2024. In terms of sales, distributors are set to hold a construction equipment market share of 73.5% in 2024.
How are Earthmoving Equipment Such as Loaders and Dump Trucks Streamlining the Construction Process?
“Efficient Movement of Large Quantities of Earth and Materials”
| Attribute | Earth Moving Machinery |
|---|---|
| Segment Value (2024E) | US$ 73.6 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 110.3 Billion |
Earthmoving equipment, also known as heavy equipment or heavy-duty vehicles, is designed specifically for carrying out construction operations that involve earthwork, such as moving large amounts of earth or digging foundations and landscape areas.
The earthmoving equipment segment is divided into excavators (compact excavators, dredging, dragline excavators, front shovels, and others), loaders (skip loaders, wheel loaders, front loaders, backhoe loaders, etc.), construction tractors, and others (grader, scraper, track loader, material handler, etc.). Earthmoving equipment such as loaders and dump trucks are used to transport soil, gravel, sand, and rocks around construction sites. They can load, transport, and unload large amounts of material quickly and efficiently, easing the construction process.
How are Exclusive Partnerships with Manufacturers Benefiting Construction Equipment Distributors?
“Partnerships Enhancing Credibility and Reputation and Access to Premium Brands”
| Attribute | Distributors |
|---|---|
| Segment Value (2024E) | US$ 94.3 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 140.7 Billion |
Distributors possess specialized knowledge of the construction equipment they sell, enabling them to offer customers valuable advice on equipment selection, features, and capabilities based on specific needs and requirements. In addition, distributors provide after-sales support, including maintenance, repairs, and spare parts availability, which enhances customer satisfaction and retention.
Distributors often have exclusive partnerships with major construction equipment manufacturers, allowing them to sell premium brands and reach a larger customer base. This brand association strengthens the distributor's credibility and reputation, leading to increased sales and market share.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Analysis
Key players in the construction equipment market are creating wireless, self-contained construction machinery using radio waves from other devices to obstruct communication technology, receive instructions, and report status. This ensures increased productivity, less unplanned maintenance, and greater safety. As a result, the increasing popularity of self-driving construction equipment is creating a business opportunity for the industry.
- Komatsu Ltd. and Honda Motor Co., Ltd. signed a joint development agreement in January 2021. Komatsu and Honda worked together to electrify Micro Excavators (PCO1) and set up a battery-sharing system to provide Battery Power Packs (MPP) for use in construction equipment and related equipment.
- The new electric mobile crane from Manitex Vall, the V 110 R, was unveiled in February 2021. The battery-powered and remote-controlled lift rises to a height of 10.4 meters, has a lifting capacity of 11,000 kg, and operates at a height of 10.4 meters.
Fact.MR provides detailed information about the price points of leading construction equipment manufacturers positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Construction Equipment Market Research
-
By Product Type :
- Earth Moving Machinery
- Excavators
- Loaders
- Others
- Construction Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Concrete & Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
- Earth Moving Machinery
-
By Sales Channel :
- Direct Sales
- Distributors
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Product Type 6.2. Sales Channel 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 7.1. Earth Moving Machinery 7.2. Construction Material Handling Machinery 7.3. Concrete & Road Construction Machinery 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel 8.1. Direct Sales 8.2. Distributors 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Product Type, Sales Channel, and Region for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. J C Bamford Excavators Ltd. 19.2. Deere & Company 19.3. Kobelco Construction Machinery Co. Ltd. 19.4. Caterpillar 19.5. CNH Industrial N.V 19.6. Doosan Corporation 19.7. Escorts Limited 19.8. Hitachi Construction Machinery Co. Ltd. 19.9. Hyundai Co. Ltd. 19.10. Komatsu Ltd. 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Sales Channel, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Sales Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Sales Channel, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Sales Channel, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Sales Channel, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the construction equipment market at present?
The global construction equipment market is set to be valued at US$ 128.3 billion in 2024.
What is the forecasted market value for construction equipment by 2034?
The construction equipment market is forecasted to expand at 4.1% CAGR to reach US$ 191.7 billion by 2034.
Which country accounts for significant sales of construction equipment?
The market in the United States is estimated to be valued at US$ 22.7 billion in 2024.
What is the market size of construction equipment in Japan?
The market in Japan is estimated to reach a value of US$ 8.5 billion in 2024.
What is the share of earth-moving machinery in the global market?
Earth-moving machinery is set to account for 57.4% of the global market share in 2024.
What is the market share of China in East Asia?
China is set to account for a market share of 53.4% in East Asia in 2024.
Who are the leading manufacturers of construction equipment?
Caterpillar, CNH Industrial N.V., Doosan Corporation, Escorts Limited, Hitachi Construction Machinery Co. Ltd., and Hyundai Construction Equipment Co. Ltd. are leading market players.
Construction Equipment Market