Global Construction Equipment Market Report 2022: Industry is Likely to Continue Riding the Market Rally in 2022 with Most Key Markets Projected to Register Steady Growth, with the Exception of China

News provided by

May 17, 2022, 05:30 ET

DUBLIN, May 17, 2022 /PRNewswire/ -- The "Global Construction Equipment Market - 2022-2026 - Market Backdrop & Landscape, OEMs' Strategies & Plans, Key Trends, Strategic Insights, Growth Opportunities and Market Outlook & Forecast" report has been added to ResearchAndMarkets.com's offering.

The report analyzes and provides critical insights into key industry, market & technology trends likely to shape the future of the Global Construction Equipment Market over near to medium term followed by outlining of emerging, potential growth opportunities.

The Global Construction Equipment market has been booming since late 2020 with robust demand for construction equipment across North America & Europe (despite the slump in China) with continued infrastructure investments, strong residential construction in the U.S., strong demand from the commodities segment and robust fleet utilization across operators back to pre-COVID levels while facing continued challenges from the COVID-19 pandemic and war in Ukraine marked by supply chain disruptions & bottlenecks, limited freight capacity & semi-conductor chip shortages which continue to impede the pace of overall recovery momentum.

Residential construction segment in North America continues to be robust given strong housing starts while ongoing fiscal stimulus measures, in form of investments in infrastructure development, across most key global markets continue to drive industry confidence & fresh investments.

The industry also continues to make steady progress towards transitioning to sustainable technologies with the rapid development & commercialization of battery electric, hybrid, hydrogen powered fuel cells & other alternate fuel powered equipment which are likely to receive a further push from the volatility in global crude oil prices providing significant growth opportunity in terms of fleet replacements & recapitalizations.

The introduction of remote & fully autonomous construction equipment, development & roll-out of niche services based on cutting edge technologies & innovative business models, like autonomous mobility as a service for mining sites & construction workplaces, are set to transform the construction equipment market landscape going forward.

Further, the latest $1.2 trillion Infrastructure Investment & Jobs Act in the U.S. and the launch of EU's major Infrastructure Investment, under its Global Gateway Strategy in late 2021, aimed at mobilizing & investing EUR 300 billion through 2027 towards development of global infrastructure apart from huge planned investments towards infrastructure in the world's fastest growing economy, India, over near term are likely to provide a massive boost to the construction industry over medium term.

That's despite projections for the slowdown of global economic recovery over near term owing to uncertainty over the likely direction of the pandemic and rising inflation levels necessitating monetary policy tightening by the central banks.

Overall, the CE industry is likely to continue riding the ongoing market rally in 2022 with most key markets projected to register steady growth, with the exception of China, which continues to be in the correction mode following real estate woes and a zero-tolerance policy towards COVID-19.

Report Excerpts:

Analysis of CAT's overall strategy focus pivoted around profitable growth, expansion of product offerings, scaling up of services business and active pursuit of technological innovations
Decryption of Komatsu's medium term strategy focusing on digitalization with the development of a scaled & integrated solutions business for construction workplaces and value creation through technological innovations with laser focus on sustainability & autonomy
CNH's aggressive push on the development of alternate fuel based powertrains under its 'Clean Energy Leader' strategy. Further, the approval of latest business restructuring focusing on the spin-off of on-highway businesses is likely to enable CNH to invest significantly towards next generation technologies going forward
Hitachi goes solo in North & South America from March 2022 with plans to establish its own sales & distribution network from scratch with significant investments following the recent dissolution of its long-standing production & distribution JV with Deere & Co
Massive investments in infrastructure across most key global markets likely to provide a major boost to construction industry over medium term
The emerging energy transition towards sustainability is likely to create a demand supercycle for the mining & metals industry over medium term
Construction activity projected to maintain its overall growth momentum across most key markets in 2022, with the exception of China, with strong drivers, indicators & fundamentals
Supply Chain disruptions, continued semi-conductor chip shortages, pandemic's likely direction & inflationary pressures across key markets could become potential speed humps on the industry's recovery momentum over near term

Relevance & Usefulness: The report will be useful for:

Strategic Planning & Decision-Making process
Identification of & Insights into Potential Growth Opportunities & Avenues
Market Evolution & Demand Growth Projections
Assessing potential impact of emerging Market Trends & Developments
Contingency planning for current Strategies & Programs
Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
Analysis of Key Industry Trends, Issues & Challenges, Risk Factors & Market Outlook for 2022

Key Topics Covered:

Section 1: Global Construction Equipment Market - Introduction & Market Overview

Section 2: Market Landscape - Top Players - Business & SWOT Analysis
1. Caterpillar Inc.
2. Komatsu Ltd.
3. Volvo AB
4. CNH Industrial N.V.
5. Hitachi Construction Machinery Co. Ltd.
6. Deere & Co.
7. Liebherr Group

Section 3: Global Construction Equipment Industry - SWOT Analysis
3.1 Strengths to Leverage
3.2 Weaknesses to Overcome
3.3 Opportunities to Capitalize Upon
3.4 Threats to Negate & Overcome

Section 4: Key Industry Trends

Section 5: Key Market Trends

Section 6: Key Technology Trends

Section 7: Key Issues, Challenges & Risk Factors

Section 8: Potential Growth Opportunities

Section 9: Business, Growth and Other Strategies for Key Industry OEMs
1. Caterpillar Inc.
2. Komatsu Ltd.
3. Volvo AB
4. CNH Industrial N.V.
5. Hitachi Construction Machinery Co. Ltd.
6. Deere & Co.
7. Liebherr Group

Scope of Analysis Covers:

Product Portfolio Strategies & Plans
Market Specific Strategies & Plans
R&D Strategies & Plans
Growth Strategies & Plans
Business and Corporate Strategies & Plans
Sales & Marketing Strategies & Plans
Production/Manufacturing Strategies & Plans
Financial Strategies & Plans
Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives

Section 10: Global Construction Equipment Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics

Driving Forces
Restraining Forces

Section 11: Global Construction Equipment Market - Outlook for 2022

Section 12: Global Construction Equipment Market - Strategic Market Outlook & Demand Growth Projections - 2022-2026