Global Construction Equipment Market 2022 - Snapshot

Global Construction Equipment Market 2022 - Snapshot

Construction equipment, often referred to as heavy construction equipment, are heavy duty machines that undertake earthwork and other massive operations at a construction site. There are various operations that are involved in construction projects, including excavation and digging of large quantities of earth, placement of construction materials, compacting and leveling, dozing, grading, hauling, etc. According to latest analysis by Gen Consulting Company, the global construction equipment market is poised to grow by USD 30 billion during 2022-2028, progressing at a CAGR of 3.6% during the forecast period.

This industry report offers market estimates of the global market, followed by a detailed analysis of the type, application, and region. The global market data on construction equipment can be segmented by type: earth moving equipment, material handling equipment, road construction equipment. In 2021, the earth moving equipment segment made up the largest share of revenue generated by the construction equipment market. Construction equipment market is further segmented by application: construction, manufacturing, military, mining, oil & gas, others. Based on region, the construction equipment market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).

The earth moving equipment market is further segmented into excavator, loaders, others. Furthermore, the material handling equipment market has been categorized into forklifts & telescopic handlers, cranes, aerial platforms, others. The road construction equipment market is further divided into concrete mixer & pavers, construction pumps, others.

The global construction equipment market is highly competitive. Key companies profiled in the report include AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial N.V., Doosan Corporation, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., JC Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, Riwal Holding Group B.V., Sandvik AB, Sany Heavy Industry Co. Ltd., Terex Corporation, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Zoomlion Heavy Industry Science and Technology Co. Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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• Get a detailed picture of the Global Construction Equipment Market
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