September 24, 2022

According to the latest report by IMARC Group, titled “Construction Equipment Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027”, The global construction equipment market size reached a value of US$ 172.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 239.3 Billion by 2027, exhibiting a CAGR of 5.45% during 2022-2027

Construction equipment is used to make construction processes easier and faster. It is available in different types, depending on the application. For instance, an excavator digs and crushes heavy material on a site, while a paver is employed in road construction for evenly distributing asphalt on the road surface. Presently, due to stringent regulations on noise emissions, several manufacturers are developing eco-friendly equipment as well as integrating telematics and safety technologies to deliver enhanced operational capabilities.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global Construction Equipment Market Trends:

Increasing investments in infrastructural development, in confluence with a significant rise in commercial construction law activities, represents one of the major factors bolstering the market growth. Moreover, the emerging automation trend in construction processes is contributing to the growth of the market. Apart from this, several manufacturers are focusing on upgrading existing equipment into next-generation machines by integrating advanced technologies, such as the internet of things (IoT). This is projected to create a positive outlook for the market.

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Global Construction Equipment Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG.

The report has segmented the market on the basis on region, solution type, equipment type, type, application and industry.

Breakup by Solution Type:

  • Products
  • Services

Breakup by Equipment Type:

  • Heavy Construction Equipment
  • Compact Construction Equipment

Breakup by Type:

  • Loader
  • Cranes
  • Forklift
  • Excavator
  • Dozers
  • Others

Breakup by Application:

  • Excavation and Mining
  • Lifting and Material Handling
  • Earth Moving
  • Transportation
  • Others

Breakup by Industry:

  • Oil and Gas
  • Construction and Infrastructure
  • Manufacturing
  • Mining
  • Others

Breakup by Region:

  • North America:( United States, Canada)
  • Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico,Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure- https://www.imarcgroup.com/construction-equipment-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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