Construction Machinery Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Introduction

Continuous construction activities worldwide are one of the major aspects that will ensure a positive influence on the demand of construction machinery in the upcoming years. Due to rapid economic growth and urbanization, several medium and large-sized metropolises are concentrating different types of constructions that will attract chief foreign and domestic enterprises. Large-scale construction of multistoried projects will mandate the need for construction machinery, which in progression, will contribute the overall growth of this market. 

Market Dynamics

The construction equipment market is mainly driven by industrial development and commercial, residential, global economic development and increasing private-public partnership. There are various kinds of construction equipment existing in the market; however selection of appropriate type of equipment is very important. While selecting construction equipment, industries primarily emphasis on constraints such as time, material, project complexity, quality, cost, and safety. High-cost for maintaining the machines will hinder the growth of construction machinery market. The construction equipment market is expected to observe high growth due to large-scale investments in industrial and infrastructure sectors, rise in urbanization, and upsurge in manufacturing events in evolving macro economies.

Market Classification and Overview

The market can be bifurcated on the basis of type, application, end-user, and geography. By type, construction machinery market can be segmented into earth moving equipment, heavy construction vehicles, material handling, and others such as pavers or asphalt finishers or road rollers and compactors. Based on application, construction machinery market can be segmented into excavation & demolition, recycling & waste management, heavy lifting, transportation, tunneling. Furthermore, on the bases of end-user, construction machinery market can be segmented into construction & manufacturing, mining, public works & rail road, oil & gas, and among others such as agriculture, forestry and military, etc. On the basis of geography, construction machinery market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in the construction machinery market include Liebherr AG, Caterpillar Inc., Hitachi Machinery Construction,  Komatsu Ltd., Terex, Doosan Infracoe, JCB, Volvo Construction Equipment AB,  CNH Industrial, and Sany Heavy Industry India Private Limited, among others.

Market Segmentation

Market By Type

• Earth Moving Equipment
• Heavy Construction Vehicles
• Material Handling
• Others

Market By Application

• Excavation & Demolition
• Recycling & Waste Management
• Heavy Lifting
• Transportation
• Tunneling

Market By End-User

• Construction & Manufacturing
• Mining
• Public Works & Rail Road
• Oil & Gas
• Others

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA