Heavy Construction Equipment Market Overview Heavy construction equipment refers to heavy construction vehicles and machines that are mainly designed to perform construction work, which includes earthwork operations and material handling operations. The global Heavy Construction Equipment market is expected to rise at a considerable rate in the forthcoming years.
Several major factors such as an increase in building & construction activities, a rise in focus on improving infrastructure, and recovery in the mining sector are boosting the demand for heavy construction equipment. Eventually, it escalates the growth of the global Heavy Construction Equipment market. Furthermore, other noteworthy factors including rapid urbanization and an increase in investments in the construction and manufacturing industry contribute more to the development of the global market. In addition, the heavy construction equipment market is gaining momentum in the modern construction industry owing to factors such as geographical expansion in emerging markets and the adoption of heavy construction equipment offers profitable opportunities for the market player in the coming years.
On the contrary, heavy dependency on the global economy and regional political situation may hinder construction activities. This, in turn, may unfavorably affect the overall demand for heavy construction equipment. Additionally, most of the equipment is procured on a rental basis to carry out several operations across the world.
Covid-19 Impact on Heavy Construction Equipment Market The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Heavy Construction Equipment Market Segment Overview According to the Application, the Building & construction segment is estimated to hold a prominent share of the global Heavy Construction Equipment market. The increase in the construction of apartments, shopping malls, and business complexes in small and large cities are boosting the demand for heavy construction equipment. Moreover, the Commercial segment is projected to expand at a significant pace in the forthcoming years. The commercial segment consists of public and private sector projects related to the construction of bridges, roadways, tunnels, railway bridges, dams, etc. The rise in government initiatives associated with infrastructure activities, particularly in the Asia Pacific, is projected to intensify the demand for heavy construction equipment in the commercial segment.
Heavy Construction Equipment Market, By Equipment Type
- Material Handling Equipment
- Cranes
- Forklifts
- Loaders
- Haul Trucks
- Others
- Earth Moving Equipment
- Excavators
- Bulldozers
- Road Rollers
- Crawlers
- Others
- Others
Heavy Construction Equipment Market, By Application
· Oil & Gas
· Mining
· Building & Construction
· Commercial (including Bridges and Roadways)
· Others
Heavy Construction Equipment Market Regional OverviewIn terms of region, Asia Pacific held the major share of the Heavy Construction Equipment market. It is expected to remain the dominant region during the forecast period. An increase in infrastructure activities in counties such as China and India and a rise in government initiatives in developing infrastructure are estimated to propel the heavy construction equipment market. Additionally, growth in industrial output, which needs material handling equipment, is also boosting the demand for heavy construction equipment in the Asia Pacific. Similarly, North America and Europe are also prominent regions for the Heavy Construction Equipment market. The heavy construction equipment market in these regions is projected to expand at a sluggish pace during the forecast period. The market in Latin America is also expected to enlarge at a moderate pace due to the slight recovery in the mining sector. As well, the market in Middle East & Africa is expected to develop at a fast pace in the forecast period. Governments of major countries such as Saudi Arabia and the UAE are shifting their focus toward the tourism and health care sectors. This key fact is boosting the requirement for proper infrastructure. In turn, this is estimated to increase the demand for heavy construction equipment in the Middle East.
Heavy Construction Equipment Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Heavy Construction Equipment Market Competitor overviewSome key developments and strategies adopted by manufacturers in Heavy Construction Equipment are highlighted below.
· In September 2021, Japanese agriculture and heavy equipment firm Kubota Corp is in talks with the Nanda family - promoters of India's Escorts Ltd - to increase its stake and eventually become a controlling shareholder in the tractor maker and engineering construction company. This is part of the Osaka-based conglomerate's strategy to double down on the growth potential of the tractor market in India.
Heavy Construction Equipment Market, Key Players· Komatsu Ltd
· Volvo Construction Equipment
· Doosan Infracore Ltd.
· Hitachi Construction Machinery
· CASE Construction
· Caterpillar Inc.
· Liebherr AG
· Terex
· JCB
· Sany
· CNH
List of Figures
Figure 1: Global Heavy Construction Equipment Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Heavy Construction Equipment Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Heavy Construction Equipment Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Heavy Construction Equipment Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Heavy Construction Equipment Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Heavy Construction Equipment Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Heavy Construction Equipment Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Heavy Construction Equipment Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Heavy Construction Equipment Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Heavy Construction Equipment Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Heavy Construction Equipment Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Heavy Construction Equipment Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Heavy Construction Equipment Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Heavy Construction Equipment Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
