Global Heavy Duty Equipment Market Growth 2023-2029

Global Heavy Duty Equipment Market Growth 2023-2029

Heavy duty equipment is specially designed for executing construction tasks, most frequently ones involving earthwork operations.They usually comprise five equipment systems: implement, traction, structure, power train, control and information.Heavy equipment functions through the mechanical advantage of a simple machine, the ratio between input force applied and force exerted is multiplied. Some equipment uses hydraulic drives as a primary source of motion.

LPI (LP Information)' newest research report, the “Heavy Duty Equipment Industry Forecast” looks at past sales and reviews total world Heavy Duty Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Heavy Duty Equipment sales for 2023 through 2029. With Heavy Duty Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy Duty Equipment industry.

This Insight Report provides a comprehensive analysis of the global Heavy Duty Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heavy Duty Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heavy Duty Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Duty Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy Duty Equipment.

The global Heavy Duty Equipment market size is projected to grow from US$ 503850 million in 2022 to US$ 630590 million in 2029; it is expected to grow at a CAGR of 630590 from 2023 to 2029.

United States market for Heavy Duty Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Heavy Duty Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Heavy Duty Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Heavy Duty Equipment players cover Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth and Navistar, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Duty Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Track-type
Grader
Pipelayer
Scraper
Loader
Others

Segmentation by application
Manufacturing
Power
Rail
Oil & Gas
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daimler
Dongfeng
Eicher Motors
FCA
Ford Motor Company
Freightliner
General Motors
Kenworth
Navistar
Nissan
Oshkosh Corporation
Paccar
Peterbilt
ScaniaAB
Tata Motors
Toyota
Volkswagen
Volvo
China National Heavy Duty

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heavy Duty Equipment market?

What factors are driving Heavy Duty Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heavy Duty Equipment market opportunities vary by end market size?

How does Heavy Duty Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.