United States Construction Equipment Market Size- By Equipment Type, By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United States Construction Equipment Market Introduction and Overview
According to SPER Market Research, the ‘United States Construction Equipment Market Size – By Equipment Type, By Type, By Application, By End User, – Regional Outlook, Competitive Strategies, and Segment Forecast to 2033’ report estimates that the market will reach USD XX billion by 2033, with a CAGR of 6.55%.
The term “construction equipment” encompasses a broad range of machinery, tools, vehicles, and other items essential for various construction operations. These specialized instruments are designed to execute specific tasks efficiently, aiding in the development of buildings, infrastructure, and other structures. Construction equipment is crucial for boosting productivity, reducing manual labor, and ensuring timely project completion.
The US construction equipment market initially suffered due to COVID-19, with projects halted, supply chains disrupted, and sales plummeting. However, the sector showed resilience, rebounding thanks to government stimulus programs that boosted construction activity and funded infrastructure projects.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Equipment Type, By Type, By Application, By End-User
Regions covered Northeast, Southwest, West, Southeast, Midwest
Companies CoveredAtlas Copco, Caterpillar Inc, CNH Industrial N.V, Deere & Company, Doosan Infracore, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd (JCB), Komatsu America Corp, Liebherr Group, Sany Heavy Industries Co Ltd.
United States Construction Equipment Market Segmentation:By Equipment Type: Based on the Equipment Type, United States Construction Equipment Market is segmented as; Heavy Construction Equipment, Compact Construction Equipment.
By Type:Based on the Type, United States Construction Equipment Market is segmented as; Loader, Cranes, Forklift, Excavator, Dozer, Others.
By Application:Based on the Application, United States Construction Equipment Market is segmented as; Excavation and Mining, Lifting and Material Handling, Earth Moving, Transportation, Others.