Chemical and Materials

Construction Equipment Market – Terex Corporation., Deere & Company., Zoomlion Heavy Industry Science&Technology Co., Ltd., Atlas Copco (India) Ltd, Sandvik AB, WIRTGEN GROUP, Ammann Group

Construction Equipment Market

This Construction Equipment report presents a pin point breakdown of the industry based on the type, applications and research regions.  It also includes several valuable information about the market derived from various industrial sources. This Construction Equipment report studies the competitive environment of the market which is based on the company profiles and its efforts on increasing product value and production.  Market overview, market characteristic, industry chain, competition landscape, historical and future data by types, applications and regions.   Market growth trends through historical data and estimates future prospects based on the comprehensive research are evaluated in this Construction Equipment report.

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.

Market Definition: Global Construction Equipment Market

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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Market Drivers:

  • Rising investment in infrastructure is the factor driving the growth of this market
  • Increasing number of smart city projects is driving the market growth
  • Technological advancement and development is another important factor driving the market growth
  • Growing demand of small and large excavators, backhoe loaders and other heavy construction equipment from developing countries is a driver for this market

Segmentation: Global Construction Equipment Market

By Equipment Type

o    Articulated Dump Truck

o    Asphalt Finisher

o    Backhoe Loader

o    Crawler Dozer

o    Crawler Excavator

o    Crawler Loader

o    Mini Excavators

o    Motor Grader

o    Motor SCRaper

o    Road Roller

o    Rigid Dump Truck

o    RTLT-Masted

o    RTLT-Telescopic

o    Skid-Steer Loader

o    Wheeled Excavator

o    Wheeled Loader <80 hp

o    Wheeled Loader >80hp

By Equipment Category

o    Earthmoving Equipment

o    Material-Handling Equipment

o    Heavy Construction Vehicles

o    Other Equipment

By Application

o    Infrastructure

o    Commercial Buildings

o    Residential Buildings

o    Industrial Buildings

By Power Output

o    <100 hp Construction Equipment

o    101–200 hp Construction Equipment

o    201–400 hp Construction Equipment

o    >400 hp Construction Equipment

By Emission Regulation Stage

o    Stage II

o    Stage III

o    Stage IIIA

o    Stage IIIB

o    Stage IV

o    Stage V

o    Stage VI

o    Tier 3

o    Tier 4

o    Tier 5

By Propulsion Type

o    Diesel

o    Gasoline

o    CNG/LNG/RNG

By Solution

o    Products

o    Services

By Drive Type

o    Hydraulic

o    Electric &Hybrid

By End- Users

o    Oil & Gas

o    Public Works & Rail Road

o    Forestry & Agricultural

o    Manufacturing

o    Military

o    Mining

By Geography

North America

South America

Europe

Asia-Pacific

Middle East and Africa

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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.

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Key Market Competitors:

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.

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