Drivers and Trends Benefits Construction Equipment Market to Grow at 3.01% CAGR, projected to Reach USD 156 billion in 2023

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Construction Equipment Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Construction Equipment Market Analysis and Size

The Global Construction Equipment Market is valued at USD 156 billion in 2023 and is estimated to grow at a CAGR of around 3.01% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the Construction Equipment Market are Caterpillar, Volvo, Komatsu, CNH Industrial, Liebherr, Hitachi Construction, John Deere, Dooson, JCB, Terex, CEAT Limited, Others.

Construction Equipment Market Growth Driver:

Growing Infrastructural Development Projects Worldwide – With the rapid upgrade in the number of developmental projects across different countries across the world, various private companies & governments are augmenting the demand for construction equipment for the development & construction of commercial & residential buildings. Moreover, countries like the US, China, and India, among others, are investing substantially in public infrastructure developments & exemplifying an accelerating demand for this equipment to facilitate tasks efficiently. In addition, snowballing the number of smart city projects is another crucial aspect contributing to the growing demand for construction equipment & stimulating the overall Construction Equipment Market expansion through 2030.

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Market Segment and Geographical Analysis

By Type of Equipment

• Earthmoving Equipment - Market Size & Forecast 2019-2030, (Thousand Units)
  • Excavator- Market Size & Forecast 2019-2030, (Thousand Units)
  • Loaders - Market Size & Forecast 2019-2030, (Thousand Units)
  • Bulldozers - Market Size & Forecast 2019-2030, (Thousand Units)
  • Skid Steer Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
  • Motor Graders- Market Size & Forecast 2019-2030, (Thousand Units)
  • Crawler Loader- Market Size & Forecast 2019-2030, (Thousand Units)
  • Trenchers- Market Size & Forecast 2019-2030, (Thousand Units)
  • Dump trucks- Market Size & Forecast 2019-2030, (Thousand Units)
  • Others- Market Size & Forecast 2019-2030, (Thousand Units)
• Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
  • Cranes- Market Size & Forecast 2019-2030, (Thousand Units)
  • Forklift- Market Size & Forecast 2019-2030, (Thousand Units)
  • Tipper- Market Size & Forecast 2019-2030, (Thousand Units)
  • Others- Market Size & Forecast 2019-2030, (Thousand Units)
• Other Construction Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
  • Road Roller -Market Size & Forecast 2019-2030, (Thousand Units)
  • Diesel Generator-Market Size & Forecast 2019-2030, (Thousand Units)
  • Others Market Size & Forecast 2019-2030, (Thousand Units)

By Application

• Power & Utilities- Market Size & Forecast 2019-2030, (Thousand Units)
• Mining - Market Size & Forecast 2019-2030, (Thousand Units)
• Hospitality- Market Size & Forecast 2019-2030, (Thousand Units)
• Residential- Market Size & Forecast 2019-2030, (Thousand Units)
• Healthcare & Educational- Market Size & Forecast 2019-2030, (Thousand Units)
• Roads & Highway- Market Size & Forecast 2019-2030, (Thousand Units)
• Manufacturing Units- Market Size & Forecast 2019-2030, (Thousand Units)
• Other- Market Size & Forecast 2019-2030, (Thousand Units)

By Power Output

• Less than 100 HP- Market Size & Forecast 2019-2030, (Thousand Units)
• 101-200 HP- Market Size & Forecast 2019-2030, (Thousand Units)
• 201-400 HP- Market Size & Forecast 2019-2030, (Thousand Units)
• More than 400 HP- Market Size & Forecast 2019-2030, (Thousand Units)

By Propulsion

• Diesel- Market Size & Forecast 2019-2030, (Thousand Units)
• Gas - Market Size & Forecast 2019-2030, (Thousand Units)
  • CNG -Market Size & Forecast 2019-2030, (Thousand Units)
  • LPG -Market Size & Forecast 2019-2030, (Thousand Units)
• Electric- Market Size & Forecast 2019-2030, (Thousand Units)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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