Heavy construction equipment comprise heavy duty vehicles, which are specifically designed for use in various construction operations such as drilling, hauling, excavating, paving, and grading. The players in the global heavy construction equipment market serves several industries including manufacturing, oil & gas, forestry, mining, construction, and infrastructure.
The global heavy construction equipment market has steadily recovered from the recent slowdown of 2008-2009. However, the demand for heavy construction equipment has increased across the world, especially in emerging markets due to rapid urbanization and increasing investment in construction industry.
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2030 are viewed as the forecast period.
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In addition, prominent players, such as Caterpillar Inc., Volvo AB, and others have developed earthmoving machines that offer fuel savings and higher efficiency due to use of improved engines and control systems. The newly commercialized medium wheel loaders, such as 950M, 966M, and 982M, launched by Caterpillar Inc. reduce operating costs and includes advanced technologies and safety features.
Moreover, growing public-private partnerships for construction of public infrastructure systems in countries, such as India and China, are expected to boost the market. However, environmental concern poses a major threat to the construction equipment industry, as these machineries run on diesel, which releases harmful carbon emissions.
The market is segmented based on equipment type, application, end user industry, and geography. Based on equipment type, market is segmented into earthmoving equipment, material handling, heavy construction vehicles, and others. Earthmoving equipment accounted for nearly half of the market share in 2014, and is anticipated to consolidate its position during the forecast period, owing to lower operating costs and advent of smart and internet-enabled intelligent excavators.
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Based on application, the market is categorized into excavation & demolition, heavy lifting, tunneling, material handling, and recycling & waste management. Excavation and demolition segment is expected to dominate the market from 2016 to 2022, as these excavators are equipped with new technology that ensures improved output, cost effectiveness, high performance, and efficiency.
Heavy construction equipment are used in numerous industry verticals such as infrastructure, construction, mining, oil & gas, manufacturing, and others. Among industries, infrastructure sector is expected to witness the highest growth during the forecast period due to increased renting & leasing of heavy construction equipment in both, developed and developing nations.
Furthermore, the market is analyzed based on four geographical regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global market during the analysis period due to the exponential growth in countries including China, India, and Japan.
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The key players operating in the heavy construction equipment market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co. Ltd., JC Bamford Excavators Ltd.(JCB), Liebherr Group, CNH Industrial N.V., Hyundai Heavy Industries Co. Ltd., and Terex Corporation.
This report provides an in-depth analysis of the heavy construction equipment market to elucidate the potential investment pockets. The current trends and future forecasts help in determining the overall market potential and single out profitable trends. This report provides information regarding key drivers, restraints, and opportunities along with the detailed impact analyses. Quantitative analysis of the current market trends and future estimations for the period of 2014-2022 is provided in the report to estimate the financial competency. Porter’s Five Forces Model of the industry illustrate the potency of buyers and suppliers. Value chain analysis provides a clear understanding on the roles of the stakeholders involved in the industry.
Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
Earthmoving Equipment Material-handling Equipment Heavy Construction Vehicles Others
Excavation & Demolition Heavy Lifting Material Handling Recycling & Waste Management Tunneling
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Construction Oil & Gas Mining Infrastructure Manufacturing Others (Forestry & Agriculture)
North America U.S. Mexico Canada Europe Germany U.K. France Italy Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific LAMEA Latin America Middle East Africa
AB Volvo Caterpillar, Inc. Komatsu Ltd. Doosan Infracore Co. Ltd. Hitachi Construction Machinery Co. Ltd. J C Bamford Excavators Ltd.(JCB) Liebherr Group CNH Industrial N.V. Hyundai Heavy Industries Co. Ltd. Terex Corporation
Other companies mentioned in the report:
Sany Heavy Industries Co. Ltd Xuzhou Construction Machinery Group Co. Ltd Deere & Company Joy Global Inc. American Crane Kobe Steel Ltd. Liugong Machinery Co. Ltd. Shandong Heavy Industry Group Co., Ltd
Major Points Covered in TOC:
Market Overview: It consists of six sections, research scope, extensive makers blanketed, marketplace fragments via type, Market place portions by utility, study desires, and years considered.
Market Landscape: Here, the opposition within the Worldwide Market is dissected, by fee, profits, offers, and piece of the pie by means of agency, marketplace fee, cutthroat situations Landscape, and maximum recent patterns, consolidation, improvement, obtaining, and portions of the general industry of pinnacle agencies.
Market Status and Outlook via Region: In this phase, the report examines approximately internet part, deals, earnings, advent, portion of the general industry, CAGR, and marketplace size by means of locale. Here, The Global Market is profoundly tested primarily based on regions and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration looks at suggests how remarkable cease-consumer/software sections add to the worldwide market.
Market Forecast: Production Side: In this piece of the record, the creators have zeroed in on creation and advent esteem conjecture, key makers gauge, and creation and creation esteem estimate with the aid of type.
Research Findings and Conclusion: This is one of the last segments of the document where the discoveries of the investigators and the end of the exploration study are given.
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Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
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