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Heavy Construction Equipment Market Set to Explode Top Players Poised for Success

Heavy Construction Equipment Market Set to Explode Top Players Poised for Success

The recent “Heavy Construction Equipment Market” report by Report Ocean gathers insights and assessments through genuine consultations with key stakeholders, including CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors. This comprehensive study aims to thoroughly examine the global industry, target market, competition, and various influencing factors. Ask for Free Sample Report

The report on the “Heavy Construction Equipment Market” conducts a data-driven quantitative analysis of the relevant industry. It utilizes research based on public records to identify significant patterns. Additionally, it provides predictions for the market sector’s growth between 2024 and 2032. The research primarily focuses on major global market manufacturers, analyzing sales volume, rates, competitive aspects, market share, and development strategies up to 2032.

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Global Heavy Construction Equipment Market Analysis and Growth Forecast:

Global Heavy Construction Equipment Market is valued at approximately USD 170.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2022-2028. Heavy construction equipment is primarily adopted for performing heavy operations tasks such as lifting excavation, material handling, and other heavy operations. The equipment facilitates the transportation of objects faster, reduces the need for a huge workforce, and improves business efficiency on large scale. Heavy construction equipment is gaining huge traction in public works & railroad, infrastructure, construction & manufacturing, mining, forestry & agriculture, oil & gas, and many other end-use segments. The growing investments in the construction industry, rapid urbanization, increasing demand for heavy construction equipment majorly from developing countries, coupled with rapid technology developments are the major factors that are surging the market demand across the globe.

For instance, according to the news released by Global Construction 2030, it is expected that the volume of construction output will increase by 85% and accounted for USD 15.5 trillion globally by 2030. This development is primarily driven by three nations China, India, and the United States that contribute with 57% share for the development of the construction industry around the world. However, the high cost of equipment and shortage of skilled labor force, and maintenance & repair-related issues of equipment impede the growth of the market over the forecast period of 2022-2028. Also, renting or leasing of equipment and agreements & contracts, joint ventures, and mergers & acquisitions among leading companies are anticipated to act as a catalyzing factor for the market demand during the forecast period.

Major market players included in this report are:

  • Caterpillar Inc.
  • Liebherr AG
  • Terex Corporation
  • Volvo Construction Equipment AB
  • Komatsu Limited
  • Doosan Infracoe
  • Hitachi Machinery Construction Co., Ltd.
  • JCB
  • Sany Heavy Industry Co., Ltd.
  • CNH Industrial N.V.

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The detailed segments and sub-segment of the market are explained below:

By Type

Earth moving equipment

Material handling Equipment

Heavy construction vehicles


By Application

Excavation & demolition

Heavy lifting

Material Handling



Recycling & waste management

By End-Use Sector

Construction & manufacturing

Oil & gas

Public works & rail road



Forestry & agriculture


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By Region:

North America










Asia Pacific





South Korea


Latin America



Rest of the World

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Report Components

Market Synopsis: This section encapsulates the present market scenario and outlines the industry’s scope. It includes a comprehensive analysis of key segments such as product types, applications, and regions, with revenue and sales forecasts provided as part of this overview.

Competitive Landscape: Illuminating the market’s competitive terrain, this section presents an in-depth analysis of manufacturers, offering insights into individual players’ revenue and sales figures. Additionally, it encompasses noteworthy details on mergers, acquisitions, and industry investments.

Regional Analysis: Providing an overview of market revenue, sales, and shares across major regions and sub-regions, this segment also explores the pricing structure, sales growth rate, and other crucial estimations.

Company Profiles: This section provides strategic business insights about key firms operating within the market landscape. It covers product specifications, revenue shares, and portfolios of these major companies.

The Analysis Objectives of the Report are:

To determine the size of the Market by identifying its sub-segments.

To research the key players and analyze their growth strategies.

To assess the size and value of the Market based on key regions.

To analyze the Market in terms of growth trends, potential, and participation in the overall sector.

To investigate the Market size (volume and value) from the company, key regions/countries, goods and applications, and background data.

Primary Market manufacturers to specify, clarify, and analyze the product sales volume, value, market share, market rivalry landscape, SWOT analysis, and future development plans.

To investigate market competitive developments such as market expansions, agreements, new product launches, and acquisitions.

What is new in 2024?

– Major developments that can change the business landscape as well as market forecasts.

– Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

– Coverage of new market players and change in the market share of existing players of the market.

– Updated financial information and product portfolios of players operating in the market.

– Updated market developments of the profiled players.

– Any new data points/analysis (frameworks) which was not present in the previous version of the report

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