Construction and Mining Equipment Market size to grow by USD 62.13 billion from 2022 to 2027|Growth driven by the expansion of construction and mining equipment manufacturing and distribution facilities - Technavio

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The construction and mining equipment market size to grow by USD 62.13 billion from 2022 to 2027. However, the growth momentum will progress at a CAGR of 6.7% during the forecast period, according to Technavio. The construction and mining equipment market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  AB Volvo, Atlas Copco AB, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, SANY Group, Schaeffler AG, Sunward Europe Heavy Industry NV, Terex Corp., Xuzhou Construction Machinery Group Co. Ltd., Yanmar Holdings Co. Ltd., ZEPPELIN GmbH, and Kobe Steel Ltd. are some of the major market participants -. To know about the vendor offerings - Request a sample report

Construction and Mining Equipment Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The construction and mining equipment market report covers the following areas:

• Construction and Mining Equipment Market Size
• Construction and Mining Equipment Market Trends
• Construction and Mining Equipment Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

Construction and Mining Equipment Market 2023-2027:

Key Drivers

The expansion of construction and mining equipment manufacturing and distribution facilities is a key factor driving market growth. Market vendors are focusing on increasing their production capacities to meet the increasing demand for construction and mining equipment. Furthermore, the increased production capacity will enable the provider to meet the needs of end-users around the world. This factor can lead to differentiation from competitors and enable higher sales growth. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The digitization and automation of construction and mining equipment is a major trend in the market. Businesses are adopting these advanced technologies, which include robotics, drones, and telematics. As a result, this will enable remote monitoring of construction and mining equipment using telematics and help in real-time monitoring of equipment performance, fuel consumption, and maintenance needs. These technologies also enhance project timelines and reduce costs. Hence, these advanced technologies are expected to drive market growth during the forecast period.

Significant Challenges

The stringent regulations related to emissions, noise, and safety standards are significant challenges restricting market growth. Construction and mining equipment producers are suffering because of the stringent regulations governing emissions, noise, and safety standards for this equipment. Vendors must invest a significant amount of money in R&D and cutting-edge technology to develop construction and mining equipment that complies with all applicable standards. This can negatively impact the cost and availability of construction and mining equipment worldwide. Hence, these regulations are expected to restrict market growth during the forecast period.

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Construction and Mining Equipment Market 2023-2027: Segment Analysis

• Product 
• Loaders
• Dozers
• Excavators
• Pulverizing Screening Equipment
• Crushing
• Application 
• Infrastructure
• Mineral Mining
• Residential Building
• Metal Mining
• Geography 
• APAC
• North America
• Europe
• Middle East and Africa
• South America

Construction and Mining Equipment Market 2023-2027: Segmentation Highlights

• The loaders segment will account for a major share of the market's growth during the forecast period. This is because of their effectiveness, adaptability, and safety attributes. For material handling, loading, and transportation needs on construction and mining sites, loaders are heavy machinery. They are vehicles that can operate in a variety of environments, including sand, gravel, rock, and ores, and are able to move a wide range of materials. Hence, these benefits are expected to drive segment growth during the forecast period.
• APAC is estimated to contribute 49% to the growth of the global market during the forecast period. The market for construction and mining equipment in the region is growing because of rising building activity in emerging nations like China and India. In addition, there is a growing need for additional commercial and residential construction to accommodate the urban population growth. On the other hand, it is expected that both commercial and residential development will rise significantly in emerging economies. Hence, the above-mentioned factors are expected to drive market growth in the region during the forecast period.

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Construction and Mining Equipment Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist construction and mining equipment market growth during the next five years
• Estimation of the construction and mining equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the construction and mining equipment market across APAC, North America, Europe, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of construction and mining equipment market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global construction and mining equipment market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global construction and mining equipment market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Loaders - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Loaders - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Loaders - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Loaders - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Loaders - Year-over-year growth 2022-2027 (%)

• 6.4 Dozers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Dozers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Dozers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Dozers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Dozers - Year-over-year growth 2022-2027 (%)

• 6.5 Excavators - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Excavators - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Excavators - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Excavators - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Excavators - Year-over-year growth 2022-2027 (%)

• 6.6 Pulverizing screening equipment - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Pulverizing screening equipment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Pulverizing screening equipment - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Pulverizing screening equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Pulverizing screening equipment - Year-over-year growth 2022-2027 (%)

• 6.7 Crushing - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Crushing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Crushing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Crushing - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Crushing - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ billion)
• Exhibit 55: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 56: Chart on Application - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 58: Chart on Comparison by Application
• Exhibit 59: Data Table on Comparison by Application

• 7.3 Infrastructure - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Infrastructure - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)

• 7.4 Mineral mining - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Mineral mining - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Mineral mining - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Mineral mining - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Mineral mining - Year-over-year growth 2022-2027 (%)

• 7.5 Residential building - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Residential building - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Data Table on Residential building - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Chart on Residential building - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Residential building - Year-over-year growth 2022-2027 (%)

• 7.6 Metal mining - Market size and forecast 2022-2027 
• Exhibit 72: Chart on Metal mining - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Data Table on Metal mining - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Chart on Metal mining - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Metal mining - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 76: Market opportunity by Application ($ billion)
• Exhibit 77: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 79: Chart on Market share by geography 2022-2027 (%)
• Exhibit 80: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 81: Chart on Geographic comparison
• Exhibit 82: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 119: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 120: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 121: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 123: Market opportunity by geography ($ billion)
• Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 125: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 126: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 127: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 128: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 129: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 130: Matrix on vendor position and classification

• 12.3 AB Volvo
• Exhibit 131: AB Volvo - Overview
• Exhibit 132: AB Volvo - Business segments
• Exhibit 133: AB Volvo - Key news
• Exhibit 134: AB Volvo - Key offerings
• Exhibit 135: AB Volvo - Segment focus

• 12.4 Atlas Copco AB
• Exhibit 136: Atlas Copco AB - Overview
• Exhibit 137: Atlas Copco AB - Business segments
• Exhibit 138: Atlas Copco AB - Key news
• Exhibit 139: Atlas Copco AB - Key offerings
• Exhibit 140: Atlas Copco AB - Segment focus

• 12.5 Caterpillar Inc.
• Exhibit 141: Caterpillar Inc. - Overview
• Exhibit 142: Caterpillar Inc. - Business segments
• Exhibit 143: Caterpillar Inc. - Key offerings
• Exhibit 144: Caterpillar Inc. - Segment focus

• 12.6 CNH Industrial NV
• Exhibit 145: CNH Industrial NV - Overview
• Exhibit 146: CNH Industrial NV - Business segments
• Exhibit 147: CNH Industrial NV - Key news
• Exhibit 148: CNH Industrial NV - Key offerings
• Exhibit 149: CNH Industrial NV - Segment focus

• 12.7 Deere and Co.
• Exhibit 150: Deere and Co. - Overview
• Exhibit 151: Deere and Co. - Business segments
• Exhibit 152: Deere and Co. - Key news
• Exhibit 153: Deere and Co. - Key offerings
• Exhibit 154: Deere and Co. - Segment focus

• 12.8 Doosan Corp.
• Exhibit 155: Doosan Corp. - Overview
• Exhibit 156: Doosan Corp. - Business segments
• Exhibit 157: Doosan Corp. - Key offerings
• Exhibit 158: Doosan Corp. - Segment focus

• 12.9 Hitachi Construction Machinery Co. Ltd. 
• Exhibit 159: Hitachi Construction Machinery Co. Ltd. - Overview
• Exhibit 160: Hitachi Construction Machinery Co. Ltd. - Product / Service
• Exhibit 161: Hitachi Construction Machinery Co. Ltd. - Key offerings

• 12.10 J C Bamford Excavators Ltd. 
• Exhibit 162: J C Bamford Excavators Ltd. - Overview
• Exhibit 163: J C Bamford Excavators Ltd. - Product / Service
• Exhibit 164: J C Bamford Excavators Ltd. - Key offerings

• 12.11 Kawasaki Heavy Industries Ltd. 
• Exhibit 165: Kawasaki Heavy Industries Ltd. - Overview
• Exhibit 166: Kawasaki Heavy Industries Ltd. - Business segments
• Exhibit 167: Kawasaki Heavy Industries Ltd. - Key news
• Exhibit 168: Kawasaki Heavy Industries Ltd. - Key offerings
• Exhibit 169: Kawasaki Heavy Industries Ltd. - Segment focus

• 12.12 Kobe Steel Ltd.
• Exhibit 170: Kobe Steel Ltd. - Overview
• Exhibit 171: Kobe Steel Ltd. - Business segments
• Exhibit 172: Kobe Steel Ltd. - Key offerings
• Exhibit 173: Kobe Steel Ltd. - Segment focus

• 12.13 Komatsu Ltd.
• Exhibit 174: Komatsu Ltd. - Overview
• Exhibit 175: Komatsu Ltd. - Business segments
• Exhibit 176: Komatsu Ltd. - Key news
• Exhibit 177: Komatsu Ltd. - Key offerings
• Exhibit 178: Komatsu Ltd. - Segment focus

• 12.14 Kubota Corp.
• Exhibit 179: Kubota Corp. - Overview
• Exhibit 180: Kubota Corp. - Business segments
• Exhibit 181: Kubota Corp. - Key news
• Exhibit 182: Kubota Corp. - Key offerings
• Exhibit 183: Kubota Corp. - Segment focus

• 12.15 Liebherr International Deutschland GmbH 
• Exhibit 184: Liebherr International Deutschland GmbH - Overview
• Exhibit 185: Liebherr International Deutschland GmbH - Product / Service
• Exhibit 186: Liebherr International Deutschland GmbH - Key news
• Exhibit 187: Liebherr International Deutschland GmbH - Key offerings

• 12.16 SANY Group
• Exhibit 188: SANY Group - Overview
• Exhibit 189: SANY Group - Product / Service
• Exhibit 190: SANY Group - Key offerings

• 12.17 Schaeffler AG
• Exhibit 191: Schaeffler AG - Overview
• Exhibit 192: Schaeffler AG - Business segments
• Exhibit 193: Schaeffler AG - Key offerings
• Exhibit 194: Schaeffler AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 195: Inclusions checklist
• Exhibit 196: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 197: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 198: Research methodology
• Exhibit 199: Validation techniques employed for market sizing
• Exhibit 200: Information sources

• 13.5 List of abbreviations
• Exhibit 201: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

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