Construction Equipment Market is specially designed machineries for construction activities in both urban and rural areas. Cement machinery, lifting machinery, decoration machinery, pile driving machinery among others are some of the most common type of the construction equipment. These machines are very useful as it reduces labour time and also saves money. This equipment is widely used in manufacturing, mining, public works and rail roads, forestry and others.
Global construction equipment market is expected to rise to an estimated value by registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. Growth in industrial and commercial development and economic growth is enhancing the market growth.
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Competitive Analysis: Global Construction Equipment Market
Few of the major competitors currently working in global construction equipment market are Caterpillar, AB Volvo, Komatsu Ltd, CNH Industrial N.V., Liebherr Group, Hitachi Construction Machinery Co., Ltd., Terex Corporation., Deere & Company., Zoomlion Heavy Industry Science&Technology Co., Ltd., Atlas Copco (India) Ltd, Sandvik AB, WIRTGEN GROUP, Ammann Group, Manitowoc, ASTEC INDUSTRIES, INC., Doosan Corporation, XCMG Group, Hyundai Heavy Industries Co., Ltd. and SANY GROUP among others.
Key Pointers Covered in the Global Construction Equipment Market Trends and Forecast to 2026
- Global Construction Equipment Market New Sales Volumes
- Global Construction Equipment Market Replacement Sales Volumes
- Global Construction Equipment Market Installed Base
- Global Construction Equipment Market By Brands
- Global Construction Equipment Market Size
- Global Construction Equipment Market Procedure Volumes
- Global Construction Equipment Market Product Price Analysis
- Global Construction Equipment Market Healthcare Outcomes
- Global Construction Equipment Market Cost of Care Analysis
- Global Construction Equipment Market Regulatory Framework and Changes
- Global Construction Equipment Market Prices and Reimbursement Analysis
- Global Construction Equipment Market Shares in Different Regions
- Recent Developments for Global Construction Equipment Market Competitors
- Global Construction Equipment Market Upcoming Applications
- Global Construction Equipment Market Innovators Study
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Key Developments in the Market:
- In February 2019, H&E Equipment Services, Inc. announced that they have acquired We-Rent-It. This acquisition will help the company to expand them in the 22 branches in Texas and will also assist them to provide better services to their customer and to strengthen their position in the market place
- In June 2017, Deere & Company announced that they have acquired Wirtgen Group. The main aim of this acquisition is to expand their business in both construction and agriculture and will help the Deere & Company to reach more customer and market. This acquisition will also assist the company to strengthen their market presence
Scope of the Construction Equipment Market
- Global Construction Equipment Market 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), Equipment Category (Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment), Application (Infrastructure, Commercial Buildings, Residential Buildings, Industrial Buildings), Power Output (<100 hp Construction Equipment, 101–200 hp Construction Equipment, 201–400 hp Construction Equipment, >400 hp Construction Equipment), Emission Regulation Stage (Stage II, Stage III, Stage IIIA, Stage IIIB, Stage IV, Stage V, Stage VI, Tier 3, Tier 4, Tier 5), Propulsion Type (Diesel, Gasoline, CNG/LNG/RNG), Solution (Products, Services), Drive Type (Hydraulic, Electric &Hybrid), End- Users (Oil & Gas, Public Works & Rail Road, Forestry & Agricultural, Manufacturing, Military, Mining), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
- Global construction equipment market is expected to rise to an estimated value by registering a substantial CAGR of 5.1% in the forecast period of 2019-2026. Growth in industrial and commercial development and economic growth is enhancing the market growth.
- Construction equipment is specially designed machineries for construction activities in both urban and rural areas. Cement machinery, lifting machinery, decoration machinery, pile driving machinery among others are some of the most common type of the construction equipment. These machines are very useful as it reduces labour time and also saves money. This equipment is widely used in manufacturing, mining, public works and rail roads, forestry and others.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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