1. Market Research
  2. > Construction Market Trends
Heavy Construction Equipment Market by Type, End-Use Industry, Application And Region - Global Forecast to 2021

Heavy Construction Equipment Market by Type, End-Use Industry, Application And Region - Global Forecast to 2021

  • January 2017
  • 192 pages
  • ID: 5201341
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

Heavy construction equipment market projected to grow at a CAGR of 7.0%
The heavy construction equipment market size is projected to grow at a CAGR of 7.0% during the forecast period of 2016 – 2021 and reach USD 180.66 billion by 2021. The heavy construction equipment market is gaining momentum in the modern construction industry due to factors such as geographical expansion in emerging markets and adoption of heavy construction equipment offers lucrative opportunities for market player in the next 10 years. Other factors driving the heavy construction equipment market are rapid urbanization and increase in investments in the construction and manufacturing industry.

The excavation & demolition segment, by application, held a considerably larger market share in the heavy construction equipment market
The excavation & demolition segment, by application, is estimated to dominate the heavy construction equipment market and is projected to be the fastest-growing segment during the forecast period. The CAGR for this segment is projected to grow at a higher rate over the next five years, owing to the increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.

Asia-Pacific is expected to witness a steady growth during the forecast period
In 2015, Asia-Pacific accounted for a larger market share of the total heavy construction equipment market, in terms of value, followed by the Middle East & Africa. The European market is projected to grow at a comparatively lower rate than other regions as a result of weak construction demand in the region due to sub-performing economic condition. Asia-Pacific is projected to register the highest growth from 2016 to 2021, while India is projected to be fastest-growing country-level market in the region for the heavy construction equipment market. The Middle-East & Africa region is projected to grow at the second-highest CAGR between 2016 and 2021, with South Africa registering the highest growth rate in the region.

Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the heavy construction equipment market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as constructors, manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
By Company Type: Tier 1 – 35%, Tier 2 – 30%, and Tier 3 – 35%
By Designation: C Level – 65%, Manager Level – 35%
By Region: North America – 25%, Europe – 28%, Asia-Pacific – 22%, Latin America – 10%, and the Middle East & Africa – 15%

Note: The tier of the companies is defined on the basis of their total revenue, as of 2015.
Tier 1: Revenue > USD 500 million; Tier 2: USD 100 million
The various key players profiled in the report are as follows:
1. Caterpiller Inc. (U.S.)
2. Liebherr (Switzerland)
3. Terex (U.S.)
4. Volvo Construction Equipment (Sweden)
5. Komatsu Ltd. (Japan)
6. Doosan Infracore Ltd. (South Korea)
7. Hitachi Construction Machinery Co. Ltd. (Japan)
8. JCB Ltd. (U.K.)
9. SANY Heavy Equipment International Holdings Co. Ltd (China)
10. CNH Industrial N.V (U.K.)

Research Coverage
The segmentation considered for this report is based on type, end-use sector, application, and region that constitute the key markets. In terms of application, excavation and demolition held the largest market share, in terms of value and it is projected to grow at the highest CAGR. Factors such increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations are driving the growth of the excavation and demolition segment in heavy construction equipment market. On the basis of end-use industry, this market has been categorized into construction and manufacturing, oil & gas, public work, rail & road, mining, and others, which include military, forestry, and agriculture. The construction and manufacturing sector is projected to grow at the highest CAGR during the forecast period, due to the rise in public and private investments in the infrastructure sector in the emerging economies of Asia-Pacific, the Middle East, and Latin America.

Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the heavy construction equipment market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, opportunities, and challenges.
3. This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes new product developments, acquisitions, agreements, partnerships, and expansions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Machine Control System Market by Type, Equipment, Vertical And Region - Global Forecast to 2024

Machine Control System Market by Type, Equipment, Vertical And Region - Global Forecast to 2024

  • $ 5650
  • April 2019

Machine Control System market to grow at CAGR of 8.16% from 2019 to 2024The machine control system market is expected to grow from USD 4.5 billion in 2019 to USD 6.6 billion by 2024—growing at a CAGR ...

Cranes Markets in China

Cranes Markets in China

  • $ 4000
  • June 2019

China’s demand for Cranes has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has ...

North America Skid Steer & Compact Track Loader Market By Type, By End Use Application, By Country, Competition, Forecast & Opportunities, 2024

North America Skid Steer & Compact Track Loader Market By Type, By End Use Application, By Country, Competition, Forecast & Opportunities, 2024

  • $ 3950
  • March 2019

North America Skid Steer & Compact Track Loader Market By Type (Skid Steer & Compact Track Loader), By End Use Application (Construction, Agriculture & Others), By Country (United States, Canada & Mexico), ...

Elevators Markets in China $ 4000 May 2019

Cranes Companies in China $ 1800 June 2019


ref:plp2017

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on