Construction Machinery Market: Exhaustive Insights on Key Driver
The demand for construction machinery is growing due to the increasing investment in infrastructure projects across the world. Governments across the world are investing significantly in the development of sports infrastructure and facilities. The 2022 FIFA World Cup to be held in Qatar is increasing construction spending in the Middle Eastern regions. Qatar's local organization is planning to build nine new stadiums and renovate three existing stadiums for the event. The spending on capital-intensive projects and infrastructure development is expected to grow significantly in the next decade, which will augment the growth of the global construction machinery market during the forecast period. Some construction projects were on hold owing to the COVID-19 pandemic-induced restrictions and norms. However, governments across the world are looking forward to investing in healthcare infrastructure and building hospitals.
Construction Machinery Market: Effective Insights to Tackle Major Challenge
Several manufacturing and mining industries in the US and Europe, especially in countries such as Romania and Germany, were closed because of high labor costs and strict pollution laws. This has resulted in the increased availability of second-hand machines. Many Asian contractors and mining companies are eager to buy second-hand European construction machinery such as excavators at low prices. By using second-hand machines, contractors can control their capital investments as these machines are available at affordable prices. The small manufacturers find it challenging to buy new European machines due to their high costs. Once refurbished and reconditioned, these machines become as good as new ones. The growing second-hand machine market will limit the demand for new construction machinery.
For More Inputs on the Latest Drivers, Trends, and Challenges to Evaluate and Develop Growth Strategies. Download Sample Report
Some of the Top Players of the Construction Machinery Market:
- AB Volvo
- Caterpillar Inc.
- CNH Industrial NV
- Deere & Co.
- Doosan Bobcat Inc.
- Hitachi Construction Machinery Co. Ltd.
- J C Bamford Excavators Ltd.
- Komatsu Ltd.
- Liebherr-International AG
- Terex Corp.
The construction machinery market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Moreover, to make the most of the opportunities and recover from post COVID-19 impact, market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
For Detailed Information on the Production, Sustainability, and Prospects of the Leading Companies. Request Sample Copy (Including Graphs & Tables) of this Report
Construction Machinery Market Split by Product
- Earthmoving Machinery
- Material Handling Machinery
- Concrete and Road Construction Machinery
- Other Machinery
Construction Machinery Market Split by Geography
- APAC
- North America
- Europe
- South America
- MEA
Read Sample Report Using Business Email ID to Gain Further Insights on the Market Contribution & Share of Various Segments & Regions on Higher Priority
Imperative Insights on the following aspects:
- What was the size of the global construction machinery industry by value in 2020?
- What will be the size of the global construction machinery industry in 2025?
- What factors are affecting the strength of competition in the global construction machinery industry?
- How has the industry performed over the last five years?
- What are the main segments that make up the global construction machinery market?
Track Pricing, Supply, Demand, Trade, and Distribution Scenario along with Key Customers. View at Sample Report
The global construction machinery market is a part of the global construction machinery and heavy trucks market. The global construction machinery and heavy trucks market was valued at $257.97 billion in 2020. The global construction machinery market was a fragmented industry that was in a phase of growth in 2020. By 2025, the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase.
Look Out for More Information on Market Dynamics Scenario, Demand & Supply Forces, Product Offerings, Financial Information, and SWOT Analysis.
The COVID-19 pandemic had a devastating impact on the construction sector in APAC. Some countries, such as India and Thailand, are easing their COVID-19 regulations and norms. For instance, as of July 2021, Thailand's national COVID-19 task force has agreed to relax restrictions on some incomplete construction projects that can cause damage or danger.
Access More Research Insights with Recommendations of Relevant Topics from Technavio's Library of +17,000 Reports.
Related Reports:
- Sawmill Machinery Market by Product and Geography - Forecast and Analysis 2022-2026: The sawmill machinery market share is estimated to increase to USD 160.68 million from 2021 to 2026 at an accelerating CAGR of 3.21%. This market research report extensively covers sawmill machinery market segmentations by Product (Fixed sawmills and portable sawmills) and Geography (Europe, APAC, North America, Middle East and Africa, and South America). Find More Research Insights Here
- Flat Glass Processing Machinery Market by Application and Geography - Forecast and Analysis 2022-2026: The flat glass processing machinery market's share will increase by USD 301.3 million from 2021 to 2026 at a CAGR of 3.7%. The flat glass processing machinery market vendors are - Benteler International AG, Biesse SpA, Bottero SpA, Bystronic Laser AG, and More. Find More Research Insights Here
Construction Machinery Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2021-2025 |
$ 31.67 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.97 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 51% |
Key consumer countries |
China, US, India, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere & Co., Doosan Bobcat Inc., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr-International AG, and Terex Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Construction machinery and heavy trucks.
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Earthmoving machinery - Market size and forecast 2020-2025
- Exhibit 17: Earthmoving machinery - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Earthmoving machinery - Year-over-year growth 2020-2025 (%)
- 5.4 Material handling machinery - Market size and forecast 2020-2025
- Exhibit 19: Material handling machinery - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Material handling machinery - Year-over-year growth 2020-2025 (%)
- 5.5 Concrete and road construction machinery - Market size and forecast 2020-2025
- Exhibit 21: Concrete and road construction machinery - Market size and forecast 2020-2025 ($ billion)
- Exhibit 22: Concrete and road construction machinery - Year-over-year growth 2020-2025 (%)
- 5.6 Other machinery - Market size and forecast 2020-2025
- Exhibit 23: Other machinery - Market size and forecast 2020-2025 ($ billion)
- Exhibit 24: Other machinery - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Product
- Exhibit 25: Market opportunity by Product
6 Customer landscape
- 6.1 Overview
- Exhibit 26: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 33: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 42: Vendor landscape
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 AB Volvo
- Exhibit 47: AB Volvo - Overview
- Exhibit 48: AB Volvo - Business segments
- Exhibit 49: AB Volvo-Key news
- Exhibit 50: AB Volvo - Key offerings
- Exhibit 51: AB Volvo - Segment focus
- 10.4 Caterpillar Inc.
- Exhibit 52: Caterpillar Inc. - Overview
- Exhibit 53: Caterpillar Inc. - Business segments
- Exhibit 54: Caterpillar Inc. - Key offerings
- Exhibit 55: Caterpillar Inc. - Segment focus
- 10.5 CNH Industrial NV
- Exhibit 56: CNH Industrial NV - Overview
- Exhibit 57: CNH Industrial NV - Business segments
- Exhibit 58: CNH Industrial NV- Key news
- Exhibit 59: CNH Industrial NV - Key offerings
- Exhibit 60: CNH Industrial NV - Segment focus
- 10.6 Deere & Co.
- Exhibit 61: Deere & Co. - Overview
- Exhibit 62: Deere & Co. - Business segments
- Exhibit 63: Deere & Co. - Key offerings
- Exhibit 64: Deere & Co. - Segment focus
- 10.7 Doosan Bobcat Inc.
- Exhibit 65: Doosan Bobcat Inc. - Overview
- Exhibit 66: Doosan Bobcat Inc. - Business segments
- Exhibit 67: Doosan Bobcat Inc.-Key news
- Exhibit 68: Doosan Bobcat Inc. - Key offerings
- Exhibit 69: Doosan Bobcat Inc. - Segment focus
- 10.8 Hitachi Construction Machinery Co. Ltd.
- Exhibit 70: Hitachi Construction Machinery Co. Ltd. - Overview
- Exhibit 71: Hitachi Construction Machinery Co. Ltd. - Product and service
- Exhibit 72: Hitachi Construction Machinery Co. Ltd. - Key offerings
- Exhibit 73: J C Bamford Excavators Ltd. - Overview
- Exhibit 74: J C Bamford Excavators Ltd. - Product and service
- Exhibit 75: J C Bamford Excavators Ltd. - Key offerings
- Exhibit 76: Komatsu Ltd. - Overview
- Exhibit 77: Komatsu Ltd. - Business segments
- Exhibit 78: Komatsu Ltd. - Key offerings
- Exhibit 79: Komatsu Ltd. - Segment focus
- Exhibit 80: Liebherr-International AG - Overview
- Exhibit 81: Liebherr-International AG - Product and service
- Exhibit 82: Liebherr-International AG - Key offerings
- Exhibit 83: Terex Corp. - Overview
- Exhibit 84: Terex Corp. - Business segments
- Exhibit 85: Terex Corp. - Key offerings
- Exhibit 86: Terex Corp. - Segment focus
- Bamford Excavators Ltd 118
- Liebherr-International AG 122
- Currency conversion rates for US$ 128
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Us:
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article