Construction Machinery Attachment Market By Attachment Type (Excavator Buckets, Grapples, Quick Couplers, Concrete Pulverizers, Rakes, Forks, Others), By Application (Earthmoving, Landscaping, Roadwork, Demolition, Miscellaneous), By Sales Channel (OEM, Aftermarket), By End-use Industry (Construction, Mining, Trenching, Solid Waste Management, Agricultural Farm's Application): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global construction machinery attachment market size was $5,890.0 million in 2021 and is predicted to grow with a CAGR of 4.8%, by generating a revenue of $9,448.7 million by 2031.
The construction machinery attachment comprises of specialized machines used by the contractors that help them in completion of tasks. Some of the widely used construction machinery attachments include augers, forks, backhoes, blades, shears, compactor, and others. For instance, augers are widely used for digging holes and skid steer auger attachment is popularly used for construction activities that reduces the stress on the workers. Similarly, grapple buckets are another critical construction machinery components that are used for various applications such as landscaping, earth moving, and others.
Furthermore, breakers and hammers are used in mining environments, demolition tasks, and road repair activities where rock is broken down for required tasks. Tillers are another popular construction machinery attachments that are used in landscaping and farming operations. The hydraulic pallet forks are widely used attachment and industrial operations. Backhoe attachments are incredibly versatile used for digging, utility trenching, and concrete footings. Compactors namely drum compactors, plate compactors, and wheel compactors are widely for concrete surfaces, soil to gravel, and other construction & roadwork operations. These applications are anticipated to boost the construction machinery attachment market size during the forecast period.
The construction machinery attachment market was negatively impacted by the pandemic. A drastic decline in the demand for construction machinery attachment owing to halt of construction activities has negatively impacted the market.
These attachments are costly and require regular maintenance. Also, a skilled workforce is required for operating this machinery. These factors are projected to restrain the construction machinery attachment market growth during the projection period.
The major role played by the construction machinery equipment industry in facilitating various construction & mining activities is projected to boost the market growth.
The construction and mining industry is rapidly booming across the world owing to growth in residential and commercial sector. China is one of the leading construction markets in the world that contributes to the country’s GDP. The rapid advancements in construction industry owing to growth in sustainable, green construction, is estimated to increase the demand for construction machinery attachment as they facilitate efficient construction operations. Additionally, in India, there has been significant advancements in the urban development and real estate construction activities such as construction of residential houses, hotels, offices, urban transport, water supply, healthcare facilities, and others. These factors are anticipated to generate excellent opportunities to boost the construction machinery attachment market opportunities.
The key players profiled in this report include Caterpillar Inc., Komatsu Ltd., John Deere, JCB, Doosan Corporation, Liebherr, Hyundai Construction Equipment Co., Ltd., Volvo Construction Equipment AB, Sany, and Bobcat Company.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction machinery attachment market analysis from 2021 to 2031 to identify the prevailing construction machinery attachment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the construction machinery attachment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global construction machinery attachment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Attachment Type
Excavator Buckets
Grapples
Quick Couplers
Concrete Pulverizers
Rakes
Forks
Others
By Application
Earthmoving
Landscaping
Roadwork
Demolition
Miscellaneous
By Sales Channel
OEM
Aftermarket
By End-use Industry
Solid Waste Management
Agricultural Farm's Application
Construction
Mining
Trenching
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Caterpillar Inc.
Komatsu Ltd.
John Deere
JCB
Doosan Corporation
Liebherr
Hyundai Construction Equipment Co., Ltd.
Volvo Construction Equipment AB
Sany
Bobcat CompanyPlease Note: It will take 7-10 business days to complete the report upon order confirmation.
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