Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026
The increasing industrial development and commercial construction activities are creating opportunities for the growth of the global “Construction Equipment“market. Furthermore, rising public-private partnerships along with increasing government investments for the development of infrastructure is also contributing to global growth.
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Top Players
Industry key players are investing in research and development activities for providing efficiency in construction by upgrading construction equipment such as forestry equipment, waste management equipment, material handling, agricultural equipment, municipal equipment, mining equipment. This factor is also aiding the growth of the market.
Rising Demand for Advanced Construction Equipment Will Contribute Growth to the Market
Gradual shift in preference from traditional construction equipment to automated construction equipment is a factor contributing positively to the construction equipment demand. The frequent efforts of key players towards reinventing and renovating of old technology in order to create higher productivity and achieve efficiencies across the construction industry. This factor is promoting the growth of the global Industry.
Further, the increasing demand for technologically upgraded and fuel-efficient equipment for refining construction activities around the world is supporting the growth. In addition, traditional construction involves high labor cost, no track of the work process as well as high operational cost, which is impelling a major preference shift towards advanced constructing equipment. This factor is expected to boost the global construction equipment market during the forecast period.
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Segmentation
1. By Equipment Type
2. By Application
3. By Region
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Construction Equipment Market Landscape and Market Scenario Includes:
Important Features that are under Offering and Key Highlights of Construction Equipment Market Report:
Rising Government Investments Will Propel Growth in Asia Pacific
Geographically, the global Construction Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. In 2018, Asia Pacific reached USD 49.68 Bn and is expected to lead the global construction equipment market during the forecast period. The growth in the region is predicted to be driven by increasing government investments in the development of infrastructure and the presence of online retail facilities. The increasing availability of high-end machinery on a rental basis is also fostering the growth in the region.
Key Recent Developments
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Key Features of Construction Equipment Market Research Report:
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Content:
5. Global Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts By Equipment Type (USD Mn)
5.2.1.Earthmoving Equipment
5.2.2.Material Handling Equipment and Cranes
5.2.3.Concrete Equipment
5.2.4.Road building equipment
5.2.5.Civil engineering equipment
5.2.6.Crushing and screening equipment
5.2.7.Other Equipment
5.3. Market Sizing Estimations and Forecasts By Application (USD Mn)
5.3.1.Residential
5.3.2.Commercial
5.3.3.Industrial
5.4. Market Analysis, Insights and Forecast By Geography (USD Mn)
5.4.1.North America
5.4.2.Europe
5.4.3.Asia Pacific
5.4.4.Middle East and Africa
5.4.5.Latin America
6. North America Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. Market Sizing Estimations and Forecasts By Equipment Type (USD Mn)
6.2.1.Earthmoving Equipment
6.2.2.Material Handling Equipment and Cranes
6.2.3.Concrete Equipment
6.2.4.Road building equipment
6.2.5.Civil engineering equipment
6.2.6.Crushing and screening equipment
6.2.7.Other Equipment
6.3. Market Sizing Estimations and Forecasts By Application (USD Mn)
6.3.1.Residential
6.3.2.Commercial
6.3.3.Industrial
6.4. Market Analysis, Insights and Forecast By Country (USD Mn)
6.4.1.United States
6.4.2.Canada
6.4.3.Rest of North America
7. Europe Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
7.1. Key Findings / Summary
7.2. Market Sizing Estimations and Forecasts By Equipment Type (USD Mn)
7.2.1.Earthmoving Equipment
7.2.2.Material Handling Equipment and Cranes
7.2.3.Concrete Equipment
7.2.4.Road building equipment
7.2.5.Civil engineering equipment
7.2.6.Crushing and screening equipment
7.2.7.Other Equipment
7.3. Market Sizing Estimations and Forecasts ByApplication (USD Mn)
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.4. Market Analysis, Insights and Forecast By Country(USD Mn)
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
8. Asia Pacific Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
8.1. Key Findings / Summary
8.2. Market Sizing Estimations and Forecasts By Equipment Type (USD Mn)
8.2.1.Earthmoving Equipment
8.2.2.Material Handling Equipment and Cranes
8.2.3.Concrete Equipment
8.2.4.Road building equipment
8.2.5.Civil engineering equipment
8.2.6.Crushing and screening equipment
8.2.7.Other Equipment
8.3. Market Sizing Estimations and Forecasts By Application (USD Mn)
8.3.1.Residential
8.3.2.Commercial
8.3.3.Industrial
8.4. Market Analysis, Insights and Forecast By Country (USD Mn)
8.4.1.Japan
8.4.2.China
8.4.3.India
8.4.4.Southeast Asia
8.4.5.Rest of Asia Pacific
9. Middle East and Africa Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
9.1. Key Findings / Summary
9.2. Market Sizing Estimations and Forecasts By Equipment Type (USD Mn)
9.2.1.Earthmoving Equipment
9.2.2.Material Handling Equipment and Cranes
9.2.3.Concrete Equipment
9.2.4.Road building equipment
9.2.5.Civil engineering equipment
9.2.6.Crushing and screening equipment
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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