Market Synopsis, Heavy construction equipment are used to reduce the need for manpower and increase the efficiency of the project; they also help reduce the time limit. This equipment is used in various industrial verticals such as oil & gas, construction, military, mining, and agriculture & forestry. The increasing demand for heavy construction equipment is rapidly increasing in many applications, including infrastructure, commercial buildings, and residential buildings. Enhanced involvement in the private sector, growth of the real estate sector, improved economic conditions, and rapid development of residential & commercial infrastructure are factors that drive the market growth. Rising government initiatives toward infrastructure development and increasing partnerships for the construction of public infrastructure systems are growing the market. The government is heavily investing in the development of buildings, roads, and power stations, which involves the use of excavators, loaders, and other such heavy machinery., Furthermore, based on the type of heavy construction equipment as the global market has been classified into earthmoving equipment, material handling equipment, heavy construction vehicles, and other heavy construction equipment., Global Heavy Construction Equipment Market: Regional Analysis, The heavy construction equipment market has been segmented, based on region, into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific held the largest share in the heavy construction equipment market in 2018, followed by North America and Europe; it is expected to continue to retain its dominance until 2027., The growing demand for heavy construction equipment in countries such as China and India is one of the major factors, which is expected to increase the demand for heavy construction equipment in the region during the forecast period. Increasing infrastructure development activities in Asia-Pacific and an increase in government investment is expec

Market Synopsis

Heavy construction equipment are used to reduce the need for manpower and increase the efficiency of the project; they also help reduce the time limit. This equipment is used in various industrial verticals such as oil & gas, construction, military, mining, and agriculture & forestry. The increasing demand for heavy construction equipment is rapidly increasing in many applications, including infrastructure, commercial buildings, and residential buildings. Enhanced involvement in the private sector, growth of the real estate sector, improved economic conditions, and rapid development of residential & commercial infrastructure are factors that drive the market growth. Rising government initiatives toward infrastructure development and increasing partnerships for the construction of public infrastructure systems are growing the market. The government is heavily investing in the development of buildings, roads, and power stations, which involves the use of excavators, loaders, and other such heavy machinery.

Furthermore, based on the type of heavy construction equipment as the global market has been classified into earthmoving equipment, material handling equipment, heavy construction vehicles, and other heavy construction equipment.

Global Heavy Construction Equipment Market: Regional Analysis

The heavy construction equipment market has been segmented, based on region, into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific held the largest share in the heavy construction equipment market in 2018, followed by North America and Europe; it is expected to continue to retain its dominance until 2027.

The growing demand for heavy construction equipment in countries such as China and India is one of the major factors, which is expected to increase the demand for heavy construction equipment in the region during the forecast period. Increasing infrastructure development activities in Asia-Pacific and an increase in government investment is expected to increase the demand for heavy construction equipment such as excavators, loaders, and other such heavy machinery. Companies across the globe are focusing on the market in Asia-Pacific, as it offers a high growth potential market for various industries.

The European market is estimated to grow at a lower rate than other regions owing to the weak construction demand in the region. Furthermore, region-specific government regulations have propelled the demand for heavy construction equipment in the various end-use industries.

Global Heavy Construction Equipment Market: Segmentation

The global heavy construction equipment market has been classified based on type, application, and end-user. By type, the global market is segmented into earthmoving equipment, material handling equipment, heavy construction vehicles, and other heavy construction equipment.

By application, the global market has been segmented into infrastructure, commercial buildings, and residential buildings.

By the end-user, the global market has been segmented into oil & gas industry, construction industry, military, and mining.

Companies Covered

The key industry participants in the global market for heavy construction equipment are Caterpillar, Doosan Infracore Ltd, Cnh Global Nv, Hyundai Heavy Industries Ltd, Hitachi Construction Machinery Co. Ltd, John Deere & Co., JCB, Kobelco Construction Machinery Co. Ltd, and John Deere & Co, Komatsu Ltd.

Intended Audience



Raw Material Suppliers



End Users



Product Manufacturers



Regulatory Bodies



Market Research and Consulting Firms



Associations and Industrial Bodies



Key Developments



In May 2020 , Doosan Infracore signed a contract with China to provide twenty large excavators 36-80-ton models in various regions of China, including Qinghai in northwestern China, Inner Mongolia in northern China, and Shanxi in eastern China. This helped strengthen its market base in China.





In July 2018 , Hyundai Construction Equipment (HCE) introduced a new smart machine guidance excavator. It is designed with the MG system, which is based on ICT and AI technologies. It guides the operator to correct the information on the excavator’s locations, movement range, and work scope using sensors, controllers, and a global navigation satellite system (GNSS). This technology drives the convergence of ICT and AI technologies such as sensors, controllers, and a GNSS.





In June 2018 , Hyundai Construction Equipment (HCE) expanded the production capability of its excavator factory in India to 10,000 units by the end of 2020 to flexibly respond to the rising demand for earthmoving equipment in the Indian market. This helped drive the sale of excavators in India.



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