Home Investments Heavy Construction Equipment Market to record USD 46.09 Bn incremental growth; Driven by increased investments in infrastructure — Technavio

Heavy Construction Equipment Market to record USD 46.09 Bn incremental growth; Driven by increased investments in infrastructure — Technavio

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NEW YORK, October 7, 2022 /PRNewswire/ — The global heavy construction equipment market size is expected to grow in $46.09 billion, accelerating at a CAGR of 4.51% between 2021 and 2026, according to Technavio’s latest research report. The report classifies the global heavy construction equipment market as part of the global heavy truck and construction machinery market, within the global capital goods market. The main market covers a variety of product categories, including heavy trucks, heavy earthmoving equipment, compact earthmoving equipment, road construction and compaction equipment, crushing and screening equipment, concrete equipment, equipment civil engineering, lifting equipment and other related equipment. .

Technavio has announced its latest market research report titled Global Heavy Construction Equipment Market 2022-2026

Technavio has announced its latest market research report titled Global Heavy Construction Equipment Market 2022-2026

Download Free Sample PDF Report and understand the scope of our comprehensive report on the global heavy construction equipment market.

Heavy Construction Equipment Market 2022-2026: Key Drivers and Trends

The main market, the global market for capital goods, is driven by rapid urbanization leading to increased investment in construction projects and revival of the mining industry.

The market in question will be driven by factors such as increased investment in infrastructure, the adoption of technologies to improve efficiency, and an increase in the number of smart cities. However, the growing market for second-hand machines is expected to reduce the growth potential of the market. Technavio presents a detailed picture of the market by studying, synthesizing and adding data from multiple sources. Our heavy construction equipment market report covers the following areas:

Heavy Construction Equipment Market 2022-2026: Vendor Analysis

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 heavy construction equipment market research report is designed to provide entry, customer profile, and M&A support, 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, JC 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 main market participants.

To make the most of opportunities, market providers need to focus more on growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments.

Heavy Construction Equipment Market 2022-2026: Segmentation

The global heavy construction equipment market is segmented as follows:

Identify dominant vendors and potential segments and regions to invest in during the forecast period. Download sample report here

Heavy Construction Equipment Market 2022-2026 – Highlights

  • Market CAGR during the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the heavy construction equipment market during the next five years

  • Estimation of the size of the heavy construction equipment market and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the heavy construction equipment market

  • Analysis of the competitive landscape of the market and detailed information on the suppliers.

  • Comprehensive details of factors that will challenge the growth of heavy construction equipment market vendors

Related Reports:

Scope of the heavy construction equipment market

Report Coverage

Details

Page number

120

base year

2021

forecast period

2022-2026

Growth momentum and CAGR

Accelerates to a CAGR of 4.51%

Market growth 2022-2026

$46.09 billion

market structure

Fragmented

YoY growth (%)

4.2

regional analysis

APAC, North America, Europe, South America and the Middle East and Africa

Contribution to the real market

Asia-Pacific at 48%

Main consuming countries

United States, China, India, Japan and Germany

competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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, JC 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.

market dynamics

Major market analysis, market growth drivers and obstacles, fast and slow growing segments analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization Scope

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Table of Contents:

1. Executive Summary

2 Market Landscape

3 Market size

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer landscape

7 Geographic Landscape

8 drivers, challenges and trends

9 Provider landscape

10 Supplier Analysis

11 Appendix

  • Qualified Operators: Construction machinery operating companies require technical expertise to operate them. For example, ultra-heavy duty rigid dump trucks used in harsh off-road conditions to transport mining and construction materials weighing up to 500 tons require trained professionals to operate them. Therefore, construction machinery and vehicles require specifically trained personnel for their operation. The lack of qualified operators sometimes causes delays in project completion, which also affects the profitability of construction companies. Therefore, a shortage of skilled operators is expected to limit the growth of the global heavy duty trucks and construction machinery market during the forecast period.

About us

Technavio is a world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide useful insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s reporting library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market insights to identify opportunities in existing markets and and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Mayda
Media and Marketing Executive
USA: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Heavy Construction Equipment Market 2022-2026

Global Heavy Construction Equipment Market 2022-2026

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SOURCE Technavio

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