Used Construction Equipment Market

Used Construction Equipment Market By Product (Earthmovers, Material handling Equipment, Concrete Equipment), By End-Use Industry (Construction, Oil & Gas, Others), By Application (Earthmoving, transportation, Others) & By Region - Global Market Insights 2021-2031

Analysis of Used Construction Equipment Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Used Construction Equipment Market Forecast and CAGR

According to the latest research study by Fact.MR.Used construction equipment market is expected to grow at a high pace during 2021-2031. Increasing demand for cost-effective equipment to complete construction projects increases the requirement of used construction equipment.

Contractors associated with construction projects are also preferring used construction equipment over new ones which leads to more profit. Important quantities or accessories from OEM, such as Volvo and Caterpillar, Inc., are in demand.

What is Driving Demand for Used Construction Equipment?

The adoption of bulk material handling equipment in large construction projects drives the demand for used construction equipment. Furthermore, massive grade projects like railway tunnels, port extension and underwater tunnels seeing remarkable demand for used construction equipment. Crane is the most demandable equipment in the massive project's work.

Another highly demandable used equipment is motor grader, due to the high purchasing cost of motor graders small-scale companies and contractors choosing used motor graders over new ones. Increase spending on the refurbishment of existing infrastructures by developing economies globally boosting up the demand for used construction equipment.

Asian countries are witnessing more demand for used construction equipment for existing infrastructure refurbishment. Several countries governments are also spending and supporting used construction equipment for cost-effectiveness.

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Growing Construction Projects Likely to Augment the Used Construction Equipment Sales

Due to COVID-19, all the construction works globally has been shut down for a long period of time throughout the year 2020. Which directly impacted the used construction equipment market.

With the market recovery, the demand graph again started taking a vertical rise.

Though the pandemic created a hash situation globally still the development in terms of urbanization and industrialization never be stopped and started with full fledge pace again.

The used construction equipment market is directly proportional to urbanization and industrialization. Owing to the rapid urbanization and industrialization the market will grow at a high pace.

US and Canada Used Construction Equipment Market Outlook

North America witnessing the highest growth for used construction equipment across the globe. The region used construction equipment valued at over USD 17.3 billion in 2019. Increasing population shifting to urban locations for the sake of employment and better living create a robust demand for commercial and residential infrastructures in the US and Canada.

Increasing government investment in the development of public and residential buildings further support the market to grow. For instance, on 22 April 22, 2021, the U.S. Department of Agriculture invest USD 487 million in Rural Water, Energy and Biofuel Infrastructure. In view of the Canadian federal budget 2018-19, the government invested about USD 16 billion in building reconstruction and development.

The presence of leading manufacturers is also witnessing the growth of the used construction market in the US and Canada. Companies in these countries are adopting organic and inorganic strategies leads to recent developments like merger and acquisition with local players, sign contract with massive projects which make the region most valuable for used construction equipment market.

Europe Demand Outlook for Used Construction Equipment

The European construction industry and industrial production has increased in recent years and exceeded 1.58 billion euros in 2016.

The Civil Engineering sector in Europe has generated over 260 billion euros, one of the most significant income shown by any sector. The recovery of the European construction industry and sound economic policies such as interest rates have led to an increase in the use of used construction equipment.

In 2016, the European Commission received a request for more than 45 million euros for funding for 500 projects across the EU. Many countries requested funding infrastructure development, among all the countries in Europe Poland requested the most and shown a rise in productivity by 18%. Most of the projects that demanded funding was related to the power sector and traffic linking. Which shows the demand for used construction equipment in Europe is high in developing road.

However, some part of Europe witnessed demand diminution due to Covid-19. Nevertheless, developed countries in Europe are also investing in new technologies, research and development to cope up with the growing demand and led to replace old-fashioned building techniques with sophisticated construction tools. So the technological advancement in construction sector drives the demand for used construction equipment in the region.

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Who are the Key Manufacturers and Suppliers of Used Construction Equipment?

Some of the leading manufacturers and suppliers of used construction equipment include

  • Terex Group
  • Komatsu
  • Volvo CE
  • Hitachi Construction Machinery
  • Caterpillar
  • Deere & Company
  • Infra Bazaar
  • ShriramAutomall India Limited (SAMIL)
  • Ais Construction Equipment Service Corporation
  • Kobelco Construction Machinery

The used construction equipment market is consolidated in nature the old and renounced market player grab the market in a better way and due to their brand value, their used construction equipment is also chosen first by the contractors.

Dealers are also getting benefitted by the brand value of the equipment and able to create a better deal in terms of service to the customers. The customers also get a chance to hire heavy equipment at a lower cost to get the work done more conveniently.

Used Construction Equipment Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

Key Segments

By Product

  • Earthmovers
    • Miners
    • Excavator
    • Bulldozers
    • Shovels
    • Wheel Loaders
    • Compactor
    • Pavers
    • Others
  • Material handling Equipment
    • Cranes
    • Industrial Trucks
    • Bulk material handling equipment
    • Others
  • Concrete Equipment
    • Crushers
    • Mixers
    • Pavers
    • Pumps

By Application

  • Earthmoving
  • transportation
  • material handling
  • excavation & mining
  • others

By End-Use Industry

  • Construction
  • Oil & Gas
  • Mining
  • Defence
  • Others

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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 and Forecast, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Global Market Analysis and Forecast

    6.1. Product

    6.2. Application

    6.3. End-Use Industry

7. Global Market Analysis and Forecast, By Product

    7.1. Earthmovers

    7.2. Material handling Equipment

    7.3. Concrete Equipment

8. Global Market Analysis and Forecast, By Application

    8.1. Earthmoving

    8.2. transportation

    8.3. material handling

    8.4. excavation & mining

    8.5. others

9. Global Market Analysis and Forecast, By End-Use Industry

    9.1. Construction

    9.2. Oil & Gas

    9.3. Mining

    9.4. Defence

    9.5. Others

10. Global Market Analysis and Forecast, By Region

    10.1. North America

    10.2. Latin America

    10.3. Western Europe

    10.4. Eastern Europe

    10.5. East Asia

    10.6. South Asia & Pacific

    10.7. MEA

11. North America Sales Analysis and Forecast, by Key Segments and Countries

12. Latin America Sales Analysis and Forecast, by Key Segments and Countries

13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries

14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries

15. East Asia Sales Analysis and Forecast, by Key Segments and Countries

16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries

17. MEA Sales Analysis and Forecast, by Key Segments and Countries

18. Sales Forecast by Product, Application, and End-Use Industry for 30 Countries

19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

20. Company Profile

    20.1. Terex Group

    20.2. Komatsu

    20.3. Volvo CE

    20.4. Hitachi Construction Machinery

    20.5. Caterpillar

    20.6. Deere & Company

    20.7. Infra Bazaar

    20.8. ShriramAutomall India Limited (SAMIL)

    20.9. Ais Construction Equipment Service Corporation

    20.10. Kobelco Construction Machinery

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List Of Table

Table 01: Global Market US$ Mn Forecast by Region

Table 02: Global Market US$ Mn Forecast by Product

Table 03: Global Market US$ Mn Forecast by Application

Table 04: Global Market US$ Mn Forecast by End-Use Industry

Table 05: North America Market US$ Mn Forecast by Country

Table 06: North America Market US$ Mn Forecast by Product

Table 07: North America Market US$ Mn Forecast by Application

Table 08: North America Market US$ Mn Forecast by End-Use Industry

Table 09: Latin America Market US$ Mn Forecast by Country

Table 10: Latin America Market US$ Mn Forecast by Product

Table 11: Latin America Market US$ Mn Forecast by Application

Table 12: Latin America Market US$ Mn Forecast by End-Use Industry

Table 13: Western Europe Market US$ Mn Forecast by Country

Table 14: Western Europe Market US$ Mn Forecast by Product

Table 15: Western Europe Market US$ Mn Forecast by Application

Table 16: Western Europe Market US$ Mn Forecast by End-Use Industry

Table 17: Eastern Europe Market US$ Mn Forecast by Country

Table 18: Eastern Europe Market US$ Mn Forecast by Product

Table 19: Eastern Europe Market US$ Mn Forecast by Application

Table 20: Eastern Europe Market US$ Mn Forecast by End-Use Industry

Table 21: East Asia Market US$ Mn Forecast by Country

Table 22: East Asia Market US$ Mn Forecast by Product

Table 23: East Asia Market US$ Mn Forecast by Application

Table 24: East Asia Market US$ Mn Forecast by End-Use Industry

Table 25: South Asia & Pacific Market US$ Mn Forecast by Country

Table 26: South Asia & Pacific Market US$ Mn Forecast by Product

Table 27: South Asia & Pacific Market US$ Mn Forecast by Application

Table 28: South Asia & Pacific Market US$ Mn Forecast by End-Use Industry

Table 29: MEA Market US$ Mn Forecast by Country

Table 30: MEA Market US$ Mn Forecast by Product

Table 31: MEA Market US$ Mn Forecast by Application

Table 32: MEA Market US$ Mn Forecast by End-Use Industry

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List Of Figures

Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region

Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product

Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry

Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Used Construction Equipment Market

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