Construction equipment

Heavy Construction Equipment Market Growth Opportunity and Analysis, 2020-2027 | Key segments, benefits and opportunities

Increased involvement in the private sector, growth of the real estate sector, improving economic conditions and residential and commercial infrastructure are stimulating the market

PORTLAND, OR, UNITED STATES, Oct. 7, 2021 / – Heavy construction equipment is heavy equipment or vehicles used for construction activities such as excavation, material lifting, digging tunnels and material handling. The market is mainly driven by the development of the residential, commercial and industrial sectors, the increase in public-private partnerships and global economic growth. However, increasing carbon emissions and rising oil prices are factors that are limiting the growth of heavy construction equipment market.

The global heavy construction equipment market size was valued at $ 171.6 billion in 2019 and is expected to reach $ 240.4 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.

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Commonly observed types of heavy construction equipment are earth moving equipment, material handling equipment, heavy construction vehicles and others. Among these, earthmoving equipment segment represents the largest market size in value, due to low operating costs and increased demand from various industries such as construction, manufacturing, oil and gas. , mining and forestry.

The market is analyzed on the basis of different applications provided such as excavation and demolition, material lifting, tunneling, material handling and recycling and waste management. These applications are currently driving the growth of the market due to the planning and implementation of different infrastructure projects. The excavation and demolition segment held the largest share of the market in 2019, with a CAGR of 2.5% during the forecast period, as these excavators are equipped with new technology that guarantees high efficiency. improved, cost-effectiveness, high performance and efficiency.

Best leading players

AB Volvo
Caterpillar Inc.
Deere & Company,
Doosan Infracoe
Hitachi Machine Building,
Liebherr AG

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Key market segmentation

By type of equipment

Material handling
Heavy construction vehicles

By end user

Petroleum gas

By application

Excavation and demolition
Heavy lifting
Material handling
Recycling and waste management

By region

North America
Asia Pacific

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