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NEW YORK , Oct. 7, 2022 /PRNewswire/ -- The global heavy construction equipment market size is expected to grow by USD 46.09 billion , accelerating at a CAGR of 4.51% between 2021 and 2026, according to the latest research report by Technavio. The report categorizes the global heavy construction equipment market as a part of the global construction machinery and heavy trucks market, within the global capital goods market. The parent market covers a variety of product categories, including heavy-duty trucks, heavy earthmoving equipment, compact earthmoving equipment, road construction, and compaction equipment, crushing and screening equipment, concrete equipment, civil engineering equipment, lifting equipment, and other related equipment.
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The parent market, the global capital goods market is driven by rapid urbanization leading to increased investments in construction projects and the revival of the mining industry.
The market in focus will be driven by factors such as increased investment in infrastructure, adoption of technologies to improve efficiency, and an increase in the number of smart cities. However, the growing secondhand machine market is expected to reduce the growth potential in the market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our heavy construction equipment market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the heavy construction equipment market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the heavy construction equipment market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Dieci Srl, Doosan Corp., Eazi Access Investments Pty Ltd, Hitachi Ltd., Hyundai Heavy Industries Group, J C Bamford Excavators Ltd, Kobe Steel Ltd., Komatsu Ltd., Liebherr International AG, Manitou BF SA, Oshkosh Corp., SANY Group, Terex Corp., Wacker Neuson SE, Xuzhou Construction Machinery Group Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd. are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The global heavy construction equipment market is segmented as below:
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Heavy Construction Equipment Market Scope
Accelerate at a CAGR of 4.51%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, India, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Dieci Srl, Doosan Corp., Eazi Access Investments Pty Ltd, Hitachi Ltd., Hyundai Heavy Industries Group, J C Bamford Excavators Ltd, Kobe Steel Ltd., Komatsu Ltd., Liebherr International AG, Manitou BF SA, Oshkosh Corp., SANY Group, Terex Corp., Wacker Neuson SE, Xuzhou Construction Machinery Group Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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