Press Releases

The report "Heavy Construction Equipment Market by Equipment Type (Earthmoving Equipment, Material Handling, Heavy Construction Vehicles, and Others), by Application (Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, and Recycling & Waste Management), by End-Use Industries (Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Forestry, Agriculture, and Others) - Global Forecast to 2030", The global heavy construction equipment market is anticipated to reach USD 277.5 billion by 2030 registering a CAGR of 5% during the forecast period. Increased spending to enhance infrastructure development will boost demand for heavy construction equipment.

Moreover, because of the increase in construction activity, heavy construction equipment is in high demand in the infrastructure sector. Furthermore, in the residential sector, the demand for construction is high leading to the increased use of heavy-duty equipment. In addition, the rising road development programs by central and state governments to develop the road construction machinery market and the advancement of automation in the manufacturing and construction process will have a favorable impact on the heavy construction equipment market.  Additionally, developed nations have a tendency to use machinery that is both economical and compliant with environmental rules and emits less emissions. The market value for heavy construction equipment has recently increased as a result of these considerations.

In May 2022, in order to increase its footprint in India's infrastructure, mining, and energy sectors, Caterpillar introduced two cutting-edge products, the Cat 303 CR Mini Excavator and the Cat 120 GC Motor Grader. At the Confederation of Indian Industry (CII) EXCON 2022 in Bengaluru, these two products were on show alongside Caterpillar's current line of equipment, which includes excavators, motors, wheels, backhoes, and skid steer loaders.

Bowse 43 market data Tables and 30 Figures spread through 198 Pages and in-depth TOC on "Heavy Construction Equipment Market by Equipment Type (Earthmoving Equipment, Material Handling, Heavy Construction Vehicles, and Others), by Application (Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, and Recycling & Waste Management), by End-Use Industries (Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Forestry, Agriculture, and Others), and Region - Global Forecast to 2030"

By equipment type, material handling equipment is anticipated to have the fastest growth during the forecast period.

Material handling equipment is expected to grow at a faster pace during the projected timeframe. Industries are frequently employing material handling equipment for the transportation and storage of materials at any stage of their processing. This equipment is becoming more and more popular as a result of enhanced employee satisfaction, increased productivity, and fewer accidents in facilities and product damage. Because of the rapid growth of technology, the performance of many types of material handling equipment has steadily increased. Additionally, the integration of cutting-edge AI and IoT technologies with material handling equipment will help in activity monitoring and boosts performance.

Global Heavy Construction Equipment Market Segmentation Analysis

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“Asia-Pacific is anticipated to dominate the Heavy Construction Equipment Market during the forecast period.”

Asia-Pacific dominates the market owing to the presence of online retail services, renting or leasing of heavy machinery equipment, and rising capital investment by the industry players. Additionally, the Chinese government is investing extensively in residential and public infrastructure projects as a result of the country's expanding urban population, which is fueling the expansion of the heavy construction equipment market.

Some of the major players in the global Heavy Construction Equipment industry include Caterpillar, LIEBHERR, Komatsu Ltd., Deere & Company, SANY Group, Hitachi Construction Machinery Co., Ltd., Hyundai Doosan Infracore, AB Volvo, CNH Industrial N.V. and Terex Corporation.

Scope of the Report

Global Heavy Construction Equipment Market Coverage

Equipment Type Insight and Forecast 2018-2030

• Earthmoving Equipment
  • Excavators
  • Loaders
  • Backhoe loaders
  • Motor Graders
  • Dozers
  • Others
• Material Handling
  • Cranes
  • Telescopic Handlers
• Heavy Construction Vehicles
  • Dumpers
  • Tippers
• Others

Application Insight and Forecast 2018-2030

• Excavation & Demolition
• Heavy Lifting
• Tunneling
• Material Handling
• Recycling & Waste Management 

End-Use Industries Insight and Forecast 2018-2030

• Infrastructure
• Construction
• Mining
• Oil and Gas
• Manufacturing
• Forestry
• Agriculture
• Others

Geographical Segmentation

Heavy Construction Equipment Market by Region

North America

• By Equipment Type
• By Application
• By End-Use Industries
• By Country – U.S., Canada, and Mexico

Europe

• By Equipment Type
• By Application
• By End-Use Industries
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Equipment Type
• By Application
• By End-Use Industries
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Equipment Type
• By Application
• By End-Use Industries
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries