Introduction

The world construction equipment market has prior confronted stoppage because of the drowsy monetary conditions and moderate development of construction business; however the market is relied upon to develop at a relentless development rate in the coming years. Expanding modern, private, and business development exercises, worldwide financial development, and rising open private organizations is relied upon to drive the market growth. However, stringent government regulations for carbon release and fluctuations in oil costs limit the market growth. Further, steady rise in the prices of residential properties coupled with increase in demand for residential homes is driving the demand for new investments in the sector.

Market Dynamics

Growing investments in construction industry is majorly driving the growth of this market. In addition, rapid urbanization and rising demand from developing countries are some of the factors contributing to the growth of this market. However, construction industry is regulated by many governments across the world. Therefore, stringent government regulations are restraining growth of this market. In addition, emission of carbon is also a major factor hindering the growth of construction equipment market. Development in infrastructure worldwide and advancement of product quality is expected to foresee growth in near future.

In 2016, earthmoving application held major market share of around 30% of the total construction equipment market and is anticipated to maintain its dominance throughout the forecast period. The construction equipment market, by application, is segmented into material-handling, heavy lifting, tunneling, excavation & demolition, and recycling & waste management. Robust economic growth and development in mining and construction activities are vital drivers of the construction equipment market. Asia-Pacific market is expected to experience a boom in construction and infrastructure activities in near future.

Report coverage

Market Global Construction Equipment Market Analysis Period 2015 – 2026 Historic Period 2015 Base Year 2016 Forecast Data 2017 – 2026 Market Stratification Equipment Type, End-User, Application, Geography Regional Scope North America, Europe, Asia-Pacific, Middle East, Africa and Latin America Report Coverage Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

The market research study on “Construction Equipment Market (Equipment Type: Loaders, Cranes, Forklifts, Excavators, Dozers, Dump Trucks, Others; End-User: Oil and Gas, Manufacturing, Transportation, Infrastructure, Others; Application: Earthmoving, Excavation and Mining, Material Handling, Tunneling, Recycling and Waste Management) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 – 2026” offers a detailed study on the construction equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact analysis are provided. Information about Porter's five forces analysis is also mentioned in this report. The report provides insights on global construction equipment market, its equipment type, end-user, application, and major geographic regions. The report covers the basic development policies and layouts of technology development processes. Secondly, the report covers the global construction equipment market size, and the segment markets by equipment type, end-user, application, and geography along with the information on companies operating in the market. The construction equipment market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Middle East, Africa and Latin America. For each region, the market sizes for different segments have been covered under the scope of report. There are large numbers of construction equipment manufacturers present in the market. Some of the major companies profiled in the report include CNH Industrial N.V., Liebherr Group, AB Volvo, Komatsu Ltd., J C Bamford Excavators Ltd., Atlas Copco AB, Hitachi Construction Machinery Co., Ltd, Doosan Heavy Industries & Construction Co., Ltd, Caterpillar Inc., and John Deere among others.

The global construction equipment market is segmented as below:

Market Segmentation

Market By Equipment Type

Loaders

Cranes

Forklifts

Excavators

Dozers

Dump Trucks

Others

Market By End-User

Oil and Gas

Manufacturing

Transportation

Infrastructure

Others

Market By Application

Earthmoving

Excavation and Mining

Material Handling

Tunneling

Recycling and Waste Management

Market By Geography