Construction equipment is used to perform multiple tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Construction equipment has many uses in the building and realty sector. The type of equipment in the report mainly include includes excavators, loaders, graders, bulldozers, dump truck, compactors, and pavers.
The industry’s leading manufacturers are Caterpillar, Komatsu and Volvo Construction Equipment, with revenues of 15%, 11% and 7% respectively in 2021.
Construction Machinery market size is projected to reach US$ 95240 million by 2027, from US$ 88030 million in 2020, at a CAGR of 1% during 2021-2027.
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Following are the segments covered by the report are:
- Excavator
- Loaders
- Compactors
- Dump Truck
- Bulldozers
The segment of excavator holds a comparatively larger share in global market, which accounts for about 50% in 2021.
By Application:
- Residential Building
- Non-Residential Building
- Engineering Working
The engineering working holds an important share in terms of applications, and accounts for 52.84% of the market share.
The Key manufacturers that are operating in the global Construction Machinery market are:
- Kobelco
- CNH Global
- Hyundai Construction Equipment Company
- Liebherr Group
- Kubota
- XCMG
- Zoomlion
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Scope of the Report
The research study analyzes the global Construction Machinery industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Construction Machinery Market Report
1. What was the Construction Machinery Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Construction Machinery Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Construction Machinery Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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