Global Modern Construction and Mining Equipment Market to 2030 with Impact of COVID-19

News provided by

Oct 28, 2020, 11:45 ET

DUBLIN, Oct. 28, 2020 /PRNewswire/ -- The "Digitization and New Business Models Powering the Global Construction and Mining Equipment Market, 2030" report has been added to ResearchAndMarkets.com's offering.

This report covers all key trends in the construction and mining industries, as well as region-specific trends impacting new equipment sales and modernization. Equipment in operation (EIO) data is available for all regions. Forecasts for new equipment sales for the total global market, as well as regions, are provided.

The impact of the coronavirus (COVID-19) pandemic starting late 2019 and extending through 2020 is assessed for all regions; its impact on construction and mining equipment, in particular, is reflected in the forecasting methodology adopted. Growth opportunities for key market participants and emerging companies are highlighted by region. Case studies covering modernization in construction and mining are also included.

The global equipment industry is impacted by growing digitalization trends, trends in the used and rental equipment market, and urbanization. Construction contractors are leaning towards deploying both used and rental equipment as opposed to purchasing brand new ones due to lack of funding and government subsidies, and the liabilities associated with equipment maintenance.

New equipment comes with standalone digital platforms and pre-programmed operations for enhancing convenience and improving efficiency. However, the on-boarding of modern equipment to a seasoned but depleting labor force is a tedious task. Manufacturers are forming alliances with rental agencies and dealerships to commission equipment for specific projects to avoid downtime and improve their market standing.

Digitalization has proved to improve efficiency in operations and convenience for operators in several parts of Europe and Asia-Pacific (APAC) where it has been tested and released into both the urban construction and mining environments. The ease of adoption of modern technology and new equipment is region and application-specific, and certain markets are more receptive to modernization than the rest.

Globally, there is a growing need for electric powertrains and the use of alternate powertrains to reduce greenhouse emissions. Equipment manufacturers are employing these new powertrains in their compact machines for use in growing urbanization and residential construction projects, and in mining equipment such as large excavators. The mining industry offers ease of implementation of autonomous technology for dump truck operations; this has been widely implemented in APAC and Europe and is in the testing phase in North America.

Online portals for equipment and parts sales are having positive effects on equipment purchases and offering services more proactively. There are several OEMs using online channels, dealerships, rental agencies, and other service providers alike. Suppliers are capitalizing on online channels to improve services and sales of aftermarket parts.

Key Topics Covered:

1. Executive Summary

Key Findings
Top Trends Influencing the Construction and Mining Equipment Market
Competitive Landscape
OEM Market Share

2. Research Scope, Objectives, and Background

Scope of Research
Research Aims and Objectives
Key Questions this Study will Answer
Off-Highway Vehicles - Segmentation

3. Mega Trends and Industry Convergence Implications

Trend Assessment
Urbanization - Urban Housing and Residential Sector
Digitalization and New Market Ecosystem
Sustainable Infrastructure
Trend Impact by Region

4. Market Drivers and Restraints

Drivers
Drivers Explained
Restraints
Restraints Explained

5. Global Construction and Mining Industry - Overview

OEM Market Share
OEM Sales Trend
Construction and Mining Industry - Top 4 Trends

6. COVID-19 Impact on the Construction and Mining Equipment Market

Market Forecasts
Discussion on COVID-19 Impact on Forecasts
COVID-19 Impact - United States, Europe, China, and India

7. Digitalization Leading to Proliferation of Telematics

Digitalization - Key Applications in Construction and Mining
Proliferation of Telematics
Type of Telematics Applications - Range of Services
Telematics - Market Overview

8. Autonomous Systems in the Construction and Mining Industry

Autonomous Systems
Autonomous Systems - Case Studies
Autonomous Construction Equipment
Autonomous Mining Equipment - Key Pilots

9. Equipment Rental Market

Equipment Rental Trends
Business Models in Equipment Rental
Rental Market Overview
Rental Market Penetration
Demand for Compact Equipment
Compact Equipment - OEM and Product Overview

10. Hybridization and Electrification

Hybrid Equipment - System Overview
Electric Equipment - System Schematics
Hybrid and Electric Powertrain - Market Overview
Use Case Analysis for Hybrid and Electric Equipment
Electric and Hybrid Equipment Application and Battery Use Case

11. Service and Aftermarket Trends

Service and Aftermarket Trends
Extended Warranty Programs and Service Agreements
Implications of "Right to Repair" Legislation
Equipment Maintenance Use Cases
Increased Equipment Replacement Rate/Fewer Rebuilds
Connected Diagnostics
Online Channels to Market

12. Market Forecasts

Unit Shipment Forecast by Equipment Type
Unit Shipment Forecast by Region
EIO Forecast by Equipment Type
EIO Forecast by Region
Forecast Discussion

13. Regional Forecasts - United States, Europe, China, India, and RoW

14. Growth Opportunities and Strategic Imperatives

Growth Opportunity - Technology Evolution in Mature/Nascent Markets
Strategic Imperatives

15. The Last Word

The Last Word - 3 Big Predictions
Legal Disclaimer

16. Appendix

Market Engineering Methodology
Case Study - Liebherr 9200 E
Case Study - Volvo Electric Excavators and Wheel Loaders
Case Study - Hyundai BM4.4E & Wacker Neusen EZ Series Excavators
Case Studies - Flannery Plant hire, Cramo, and Ramirent
Digitalization and Proliferation of Telematics
Hybridization and Electrification
Compact Equipment Trends - APAC
Digitalization and Proliferation of Telematics
Rental Market Trends - APAC
List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/r/bv2siw

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets