Global Construction Machinery

Global Construction Machinery

Global demand for construction machinery is expected to rise 4.4% through 2023, recovering from the weak gains registered between 2013 and 2018. Though the market will be somewhat restrained by the large amount of construction machinery already in use in industrialized nations (as well as the popularity of used machinery in developing nations), several key factors are expected to boost sales of construction machinery for the forecast period. These include advances in worldwide building and nonbuilding construction activity; the expansion of the global mining, forestry, energy, and agricultural industries; a recovery in commodity prices; rising mechanization rates in the construction and mining sectors; and price increases.

This report covers construction machinery demand by product, and presents production and trade figures. Data are given in millions of US dollars as well as in units at the global level.

Construction machinery products covered in this study include:
Excavators (crawler-mounted, hydraulic, and cable types)
Loaders (wheel, skid steer, crawler, and backhoes)
Cranes (e.g., truck-based and tower cranes) and draglines
Dozers (angledozers, bulldozers, wheel dozers, and crawler dozers) and off-highway trucks
Mixers, pavers, and related equipment (such as asphalt screeds, concrete mixer trucks, and concrete pumps)
Graders, rollers, and related equipment (including scrapers)
Separately sold replacement parts and attachments (auger drives, blades, buckets, couplers, drills, grabs, hammers, shovels, etc.)

Demand is broken out for the following countries and regions:
North America (United States, Canada, Mexico)
Central and South America (Brazil)
Western Europe (Germany, United Kingdom, France, Italy, Spain)
Eastern Europe (Russia)
Asia/Pacific (China, Japan, India, South Korea, Australia, ASEAN)
Africa/Mideast (South Africa, Turkey)

Scope of the Report
This Freedonia industry study analyzes the global construction machinery market. It presents historical demand (2008, 2013, and 2018) and forecasts (2023 and 2028) by product type (excavators; loaders; cranes and draglines; dozers and off-highway trucks; graders, rollers, and related equipment; mixers, pavers, and related equipment; and parts and attachments) for all countries. The study also evaluates company market share and provides a competitive analysis on industry participants, including Caterpillar, Deere, CNH Industrial, Deere, Doosan, Hitachi, Komatsu, Liebherr-International, SANY Heavy Equipment, and Volvo.