Heavy Construction Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

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Report Code: ZMR-3038 | Report Format : | Status : Upcoming |

Abstract

Global Heavy Construction Equipment Market: Overview

Heavy construction equipments are the heavy-duty vehicles used to perform operations such as mining, material handling, excavation, lifting. They usually contain five equipment; such as implementation, traction, structure, power train, control and information. The heavy construction equipment market is comprises residential, commercial and industrial development. There are various types of heavy construction equipment available in the market, however choosing the right type of construction equipment is essential. Heavy construction equipment focuses on parameters such as the size of the project, cost, time, material, safety and quality.

Global Heavy Construction Equipment Market: Growth Factors

The global heavy construction equipment market estimates significant growth in next few years, as government increases investments in infrastructure in emerging economies drives the growth for heavy construction equipment market over the forecast period. Increase in construction and mining activities also fuels the growth of heavy construction equipment market. Infrastructural development in developing countries, growing population and increase in living standard are driving the growth of the heavy construction equipment market. Accelerated urbanization and rise in investments in construction industry are the factors which tend to increase the growth of heavy construction equipment market. Public-private partnerships in public infrastructure system in countries like India and China compliments the growth of the market. The government of India has heavily invested in roads, railway tracks, airports and overall infrastructural development which accelerate the market growth. The fundamentals of market players are design and smart development, internet-empowered and energy efficient construction machinery hence accelerates the growth of heavy construction equipment market.

Global Heavy Construction Equipment Market: Segmentation

Global Heavy Construction Equipment Market is segmented on the basis of machinery type, application, end-user industry, and geography. On the basis of machinery type heavy construction equipment market segmented as earthmoving equipment, material handling equipment, and heavy construction vehicles. On the basis of applications heavy construction equipment market categorized in excavation & demolition, heavy lifting, material handling, recycling & waste management, and tunneling. On the basis of end-user industry heavy construction equipment market segmented as construction, oil & gas, mining, infrastructure, manufacturing, and others (forestry & agriculture). On the basis of region heavy construction equipment market segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. The major trend in Middle East and Europe includes the construction industry which increases construction of high rise buildings in recent years. These type of constructions needed heavy construction equipments, thus it ride the growth of the market.

Global Heavy Construction Equipment Market: Regional Analysis

Increasing investments in infrastructure, growing population, high standard of living among people are driving the growth of heavy construction equipment market in the Asia Pacific. The Asia Pacific will remain dominating region in the forecast period. After the Asia Pacific, the market in Middle East & Africa is expected to drive the growth at a fast pace during forecast period. Infrastructural growth in countries like China and India has been driven by the government initiative in developing infrastructure. Furthermore, growth in the industrial area requires heavy material handling equipment; this will also boost the demand for Heavy construction equipment.

Global Heavy construction equipment market: Competitive Players
The major players in this industry are AB Volvo, Caterpillar, Inc., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd. (JCB), Liebherr Group, CNH Industrial N.V., Hyundai Heavy Industries Co. Ltd., Terex Corporation, Sany Heavy Industries Co. Ltd, Xuzhou Construction Machinery Group Co. Ltd, Deere & Company, Joy Global Inc., American Crane, Kobe Steel Ltd., Liugong Machinery Co. Ltd., and Shandong Heavy Industry Group Co. Ltd. 

Global Heavy Construction Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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