According to a new report published by Allied Market Research, titled, “Heavy Construction Equipment Market by Equipment Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global heavy construction equipment market size was valued at $176.2 billion in 2020, and is projected to reach $273.5 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030.
Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/1729
Heavy Construction Equipment Market Overview
Definition and Purpose:
Heavy construction equipment refers to heavy-duty vehicles and machinery designed for construction tasks such as excavation, material handling, earthwork operations, and other large-scale construction activities.
Market Drivers:
Investments in residential, commercial, and industrial sectors.
Global economic growth.
Increased adoption of public-private partnerships.
Market Challenges:
Rising oil prices.
High carbon emission rates, which hinder market growth.
Market Segmentation:
Equipment Types:
Material handling equipment.
Heavy construction vehicles.
Earthmoving equipment.
Others.
Leading Segment:
Earthmoving equipment holds the largest market share by value due to low operating costs and growing demand from sectors like building and construction, infrastructure, mining, oil & gas, and forestry.
Growth Opportunities:
Expansion of the construction industry globally creates significant market opportunities.
Examples:
China: In November 2020, the central government set a target for 70% of new building constructions to meet safety criteria by 2022.
India: In May 2019, the government announced a $1.5 trillion investment plan (2019–2025) to improve building quality in schools, higher education facilities, health, sports, and basic infrastructure.
Customize Your Reports Here: https://www.alliedmarketresearch.com/request-for-customization/1729
Segmentation Based On:
By End User
- Infrastructure
- Construction
- Mining
- Oil & Gas
- Manufacturing
- Others
By Application
- Excavation & Demolition
- Heavy Lifting
- Tunneling
- Material Handling
- Recycling & Waste Management
By Region
- North America: U.S., Canada, Mexico
- Europe: Germany, UK, France, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
- LAMEA: Latin America, Middle East, Africa
Competition Analysis
The key market players profiled in the heavy construction equipment industry report include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group and XCMG Group.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics.
- Depending on end-user, the construction segment dominated the heavy construction equipment, in terms of revenue in 2020 and manufacturing is projected to grow at a CAGR 5.3% during the forecast period.
- By type, the earthmoving equipment segment registered highest revenue in the heavy construction equipment market share in 2020.
- Asia-Pacific is projected to register the highest growth rate in the coming years.
- The key players within the heavy construction equipment are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the heavy construction equipment industry.
- The report provides an extensive analysis of the heavy construction equipment trends and emerging opportunities of the market.
- In-depth heavy construction equipment market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
Contact Us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
