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World Construction Machinery Market, Freedonia

  • June 2015
  • -
  • Freedonia
  • -
  • 447 pages


World demand to rise 3.9% annually through 2019

Global demand for construction machin-ery is forecast to advance 3.9 percent per year through 2019 to $218 billion, decelerating from the 2009-2014 period. Regions with an abundance of developing countries, such as the Asia/Pacific region, Central and South America, and the Africa/Mideast region are all expected to register above average gains going for-ward on construction spending, especially as infrastructure projects continue to increase. For instance, more than two-thirds of all additional construction equipment demand generated between 2014 and 2019 will be attributable to China. In contrast, more industrialized areas like North America and Western Europe will underperform the global market through 2019 in large part due to strong sales in 2014 as these countries recovered from the global financial crisis and operators replaced older machines. As a result of these relatively recent purchases, as well as the growing leasing and rental markets for construction mach-inery in these more developed countries, replacement sales are expected to slow in the near future.
Significant investment in large mining projects in a number of countries throughout the region will help Central and South America recover from the equipment demand decline registered between 2009 and 2014, which was largely due to a major oversupply in Brazil, the result of preparations for the 2014 FIFA World Cup and the 2016 Summer Olympics. Increased mining activity and rising construction expendi¬tures of all kinds will help fuel construc¬tion machinery demand in the Africa/ Mideast region. Sales of equipment in Eastern Europe are expected to slow from the 2009-2014 period but still rise in line with aggregate global growth. Market expansion will be fueled by preparations for the 2016 International Ice Hockey Federation World Championship and 2018 FIFA World Cup in Russia.

Excavators, loaders to be fastest growing products

Demand for excavators and loaders is expected to advance at the fastest pace of any major construction machinery market segment through 2019. Sales of these products will be fueled by rising con¬struction and mining activity, as loaders and excavators are incredibly versatile and can be used across multiple construc¬tion projects. Increased infrastructure spending will help support advances for graders, mixers, pavers, rollers, and related equipment, while rising residen¬tial building construction spending, particularly in urban areas, will help drive new crane sales. Despite expanding at the slowest rate of any major product category through 2019, increased mining activity will help drive gains for dozers and off-highway trucks. As more opera¬tors opt to purchase new machinery amid improving economic circumstances, sales of aftermarket parts and attachments are expected to post below average growth. However, the growing versatility of many loaders and excavators will stimulate countervailing demand for attachments.

China to overtake US as largest national supplier

The leading manufacturers of construc¬tion machinery are the US, China, Japan, and Germany, accounting for more than two-thirds of total global production in 2014. Following a period of decline, output of construction machinery from China is expected to rebound, growing the fastest of any country through 2019, and the country will overtake the US as the largest national supplier of this equip-ment in that year. Countries in Central and South America are expected to post the biggest production gains, as local sup¬pliers increase output based on advances in domestic consumption and new export opportunities abroad.

Study coverage

This upcoming industry study, World Construction Machinery, presents historical demand data (2004, 2009 and 2014) plus forecasts for 2019 and 2024 in 6 world regions and 33 countries. The study also assesses key market environment variables, evaluates company market share and profiles 37 global industry players.

Table Of Contents

World Construction Machinery Market, Freedonia
TABLE OF CONTENTS
INTRODUCTION xiii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 6
World Economic Outlook 7
World Population Overview 10
Population 11
Urban Population 13
World Construction Outlook 15
Nonbuilding 19
Residential Building 21
Nonresidential Building 24
Pricing Patterns 26
Legal and Regulatory Environment 31
Technology Trends 33
Used, Remanufactured, and Rented Machinery 36
III. OVERVIEW 40
General 40
Regional Overview 41
Demand 41
Production 47
International Trade 50
Demand by Product 52
Loaders 55
Cranes and Draglines 58
Dozers and Off-Highway Trucks 61
Excavators 65
Mixers, Pavers, and Related Equipment 68
Graders, Rollers, and Related Equipment 71
Parts and Attachments 74
Rental and Leasing Markets 77
IV. NORTH AMERICA 80
General 80
Construction Machinery Supply and Demand 81
Construction Machinery Outlook 84
United States 87
Canada 93
Mexico 99
V. WESTERN EUROPE 106
General 106
Construction Machinery Supply and Demand 107
Construction Machinery Outlook 111
Germany 113
France 119
United Kingdom 126
Italy 132
Spain 139
Other Western Europe 145
Switzerland 153
Sweden 154
Netherlands 155
Belgium 156
Austria 157
Finland 158
All Other 159
VI. ASIA/PACIFIC 161
General 161
Construction Machinery Supply and Demand 162
Construction Machinery Outlook 166
China 169
Japan 176
India 182
South Korea 188
Australia 194
Indonesia 200
Other Asia/Pacific 206
Malaysia 213
Taiwan 215
Thailand 216
All Other 217
VII. OTHER REGIONS 219
Central and South America 219
General 219
Construction Machinery Supply and Demand 220
Construction Machinery Outlook 224
Brazil 227
Other Central and South America 233
Chile 240
Argentina 241
All Other 242
Eastern Europe 243
General 243
Construction Machinery Supply and Demand 245
Construction Machinery Outlook 248
Russia 250
Poland 256
Other Eastern Europe 262
Africa/Mideast 268
General 268
Construction Machinery Supply and Demand 270
Construction Machinery Outlook 273
South Africa 275
Other Africa/Mideast 281
Saudi Arabia 289
Turkey 290
United Arab Emirates 292
All Other 293
VIII. INDUSTRY STRUCTURE 295
General 295
Industry Composition 296
Market Share 298
Product Development and Manufacturing 304
Marketing and Distribution 307
Cooperative Agreements 308
Financial Requirements 317
Mergers and Acquisitions 318
Company Profiles 322
Altai Motor Plant, see Concern Tractor Plants
Astec Industries Incorporated 323
ASV, see Terex
Atlas Copco AB 327
Bamford (JC) Excavators Limited 329
Belarusian Autoworks OJSC 331
Bell Equipment, see Deere
BEML Limited 333
Benninghoven, see Wirtgen Group
Bobcat, see Doosan Infracore
BOMAG, see Groupe Fayat
Carlson Paving Products, see Astec Industries
Caterpillar Incorporated 335
CEI Enterprises, see Astec Industries
Chelyabinsk Tractor Plant-Uraltrac Limited 340
Chicago Pneumatic Tool, see Atlas Copco
Ciber Equipamentos Rodoviários Limitada, see Wirtgen
Group
CNH Industrial NV 342
Compagnia Italiana Forme Acciaio, see Zoomlion Heavy
Industry Science and Technology
Concern Tractor Plants 345
Concrete Equipment, see Oshkosh
Cranes UK, see Tadano
Deere and Company 347
Deere-Hitachi Construction Machinery, see Deere and
Hitachi
Deere-Hitachi Máquinas de Construção do Brasil, see
Deere and Hitachi
Doosan Infracore Company Limited 351
Dynapac, see Atlas Copco
Groupe Fayat 354
Guangxi LiuGong Machinery Company Limited 357
Hamm, see Wirtgen Group
Heatec, see Astec Industries
Hensley Industries, see Komatsu
Herrenknecht AG 359
Hitachi Limited 361
Hitachi Sumitomo Heavy Industries Construction Crane,
see Hitachi and Sumitomo Heavy Industries
Hyundai Heavy Industries Company Limited 367
Inner Mongolia North Hauler Joint Stock, see Volvo
Iowa Mold Tooling, see Oshkosh
JCB, see Bamford (JC) Excavators
JLG Industries, see Oshkosh
Joseph Vögele, see Wirtgen Group
KCM, see Hitachi
Kobe Steel Limited 369
Komatsu Limited 372
Kubota Corporation 377
Liebherr-International AG 379
London Machinery, see Oshkosh
Lonking Holdings Limited 383
Manitou BF SA 385
Manitowoc Company Incorporated 387
MARINI, see Groupe Fayat
McNeilus Companies, see Oshkosh
Mitsubishi Heavy Industries Limited 391
Oshkosh Corporation 393
Putzmeister Holding, see SANY Heavy Industry
Roadtec, see Astec Industries
SANY Heavy Industry Company Limited 396
SCHWING, see Xuzhou Construction Machinery Group
Shandong Lingong Construction Machinery, see Volvo
Shantui Construction Machinery Company Limited 400
Sumitomo Heavy Industries Limited 402
Tadano Limited 405
Tata Hitachi Construction Machinery, see Hitachi and
Tata Motors
Tata Motors Limited 409
10G, see Caterpillar
Terex Corporation 411
Vladimir Motor-Tractor Works, see Concern Tractor
Plants
Volvo AB 415
Wacker Neuson SE 418
Wirtgen Group 421
Xiamen XGMA Machinery Company Limited 424
Xuzhou Construction Machinery Group
Company Limited 425
Xuzhou XCMG Doosan Engine, see Doosan Infracore
and Xuzhou Construction Machinery Group
Zoomlion Heavy Industry Science and Technology
Company Limited 428
Other Companies Mentioned in Study 431

LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Population by Region 13
3 World Urban Population by Region 15
4 World Construction Expenditures by Type and Region 18
5 World Nonbuilding Construction Expenditures by Region 21
6 World Residential Building Construction Expenditures
by Region 24
7 World Nonresidential Building Construction Expenditures
by Region 26
8 World Construction Machinery Prices 30
SECTION III -- OVERVIEW
1 World Construction Machinery Demand by Region 44
2 World Construction Machinery Shipments by Region 49
3 World Construction Machinery Net Exports by Region 52
4 World Construction Machinery Demand by Product 54
5 World Loader Demand by Region 57
6 World Crane and Dragline Demand by Region 60
7 World Dozer and Off-Highway Truck Demand by Region 64
8 World Excavator Demand by Region 67
9 World Mixer, Paver, and Related Equipment Demand by Region 70
10 World Grader, Roller, and Related Equipment Demand by Region 73
11 World Construction Machinery Parts and Attachments Demand
by Region 76
SECTION IV -- NORTH AMERICA
1 North America: Construction Machinery Supply and Demand 83
2 North America: Construction Machinery Demand by Product 86
3 United States: Construction Machinery Supply and Demand 91
4 United States: Construction Machinery Demand by Product 93
5 Canada: Construction Machinery Supply and Demand 97
6 Canada: Construction Machinery Demand by Product 99
7 Mexico: Construction Machinery Supply and Demand 103
8 Mexico: Construction Machinery Demand by Product 105
SECTION V -- WESTERN EUROPE
1 Western Europe: Construction Machinery Supply and Demand 110
2 Western Europe: Construction Machinery Demand by Product 112
3 Germany: Construction Machinery Supply and Demand 117
4 Germany: Construction Machinery Demand by Product 119
5 France: Construction Machinery Supply and Demand 124
6 France: Construction Machinery Demand by Product 126
7 United Kingdom: Construction Machinery Supply and Demand 130
8 United Kingdom: Construction Machinery Demand by Product 132
9 Italy: Construction Machinery Supply and Demand 137
10 Italy: Construction Machinery Demand by Product 139
11 Spain: Construction Machinery Supply and Demand 143
12 Spain: Construction Machinery Demand by Product 145
13 Other Western Europe: Construction Machinery Supply
and Demand 149
14 Other Western Europe: Construction Machinery Demand
by Product 151
15 Other Western Europe: Construction Machinery Supply
and Demand by Country 152
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Construction Machinery Supply and Demand 165
2 Asia/Pacific: Construction Machinery Demand by Product 168
3 China: Construction Machinery Supply and Demand 174
4 China: Construction Machinery Demand by Product 176
5 Japan: Construction Machinery Supply and Demand 180
6 Japan: Construction Machinery Demand by Product 182
7 India: Construction Machinery Supply and Demand 186
8 India: Construction Machinery Demand by Product 188
9 South Korea: Construction Machinery Supply and Demand 192
10 South Korea: Construction Machinery Demand by Product 194
11 Australia: Construction Machinery Supply and Demand 198
12 Australia: Construction Machinery Demand by Product 200
13 Indonesia: Construction Machinery Supply and Demand 204
14 Indonesia: Construction Machinery Demand by Product 206
15 Other Asia/Pacific: Construction Machinery Supply
and Demand 210
16 Other Asia/Pacific: Construction Machinery Demand
by Product 212
17 Other Asia/Pacific: Construction Machinery Supply
and Demand by Country 213
SECTION VII -- OTHER REGIONS
1 Central and South America: Construction Machinery Supply
and Demand 223
2 Central and South America: Construction Machinery Demand
by Product 226
3 Brazil: Construction Machinery Supply and Demand 231
4 Brazil: Construction Machinery Demand by Product 233
5 Other Central and South America: Construction Machinery
Supply and Demand 237
6 Other Central and South America: Construction Machinery
Demand by Product 239
7 Other Central and South America: Construction Machinery
Supply and Demand by Country 240
8 Eastern Europe: Construction Machinery Supply and Demand 247
9 Eastern Europe: Construction Machinery Demand by Product 249
10 Russia: Construction Machinery Supply and Demand 254
11 Russia: Construction Machinery Demand by Product 256
12 Poland: Construction Machinery Supply and Demand 260
13 Poland: Construction Machinery Demand by Product 262
14 Other Eastern Europe: Construction Machinery Supply
and Demand 266
15 Other Eastern Europe: Construction Machinery Demand
by Product 268
16 Africa/Mideast: Construction Machinery Supply and Demand 272
17 Africa/Mideast: Construction Machinery Demand by Product 274
18 South Africa: Construction Machinery Supply and Demand 279
19 South Africa: Construction Machinery Demand by Product 281
20 Other Africa/Mideast: Construction Machinery Supply
and Demand 286
21 Other Africa/Mideast: Construction Machinery Demand
by Product 288
22 Other Africa/Mideast: Construction Machinery Supply
and Demand by Country 289
SECTION VIII -- INDUSTRY STRUCTURE
1 Construction Machinery Sales by Company, 2014 297
2 Selected Cooperative Agreements 311
3 Selected Acquisitions and Divestitures 321

LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 World Construction Expenditures by Region, 2014 19
2 World Construction Machinery Prices, 2004-2024 30
SECTION III -- OVERVIEW
1 World Construction Machinery Demand by Region, 2014 45
2 World Construction Machinery Demand: Projected 2014-2019
Annual Rate of Growth 46
3 World Construction Machinery Shipments by Region, 2014 50
4 World Construction Machinery Demand by Product, 2014 55
5 World Loader Demand by Region, 2014 58
6 World Crane and Dragline Demand by Region, 2014 61
7 World Dozer and Off-Highway Truck Demand by Region, 2014 65
8 World Excavator Demand by Region, 2014 68
9 World Mixer, Paver, and Related Equipment Demand
by Region, 2014 71
10 World Grader, Roller, and Related Equipment Demand
by Region, 2014 74
11 World Construction Machinery Parts and Attachments Demand
by Region, 2014 77
SECTION IV -- NORTH AMERICA
1 North America: Construction Machinery Demand
by Country, 2014 84
2 North America: Construction Machinery Demand
by Product, 2014 87
SECTION V -- WESTERN EUROPE
1 Western Europe: Construction Machinery Demand
by Country, 2014 111
2 Western Europe: Construction Machinery Demand
by Product, 2014 113
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Construction Machinery Demand
by Country, 2014 166
2 Asia/Pacific: Construction Machinery Demand
by Product, 2014 169
SECTION VII -- OTHER REGIONS
1 Central and South America: Construction Machinery
Demand by Country, 2014 224
2 Central and South America: Construction Machinery
Demand by Product, 2014 227
3 Eastern Europe: Construction Machinery Demand
by Country, 2014 248
4 Eastern Europe: Construction Machinery Demand
by Product, 2014 250
5 Africa/Mideast: Construction Machinery Demand
by Country, 2014 273
6 Africa/Mideast: Construction Machinery Demand
by Product, 2014 275
SECTION VIII -- INDUSTRY STRUCTURE
1 World Construction Machinery Market Share, 2014 299

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