Construction Equipment Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Construction Equipment Market is valued at USD 156 billion in 2023 and is estimated to grow at a CAGR of around 3.01% during the forecast period, i.e., 2024-30. The market is primarily fueled by the exponential growth in the global population and an increasing focus by governments on infrastructure development to support & accommodate the needs of their citizens. Additionally, there is a rapid escalation in construction activities, leading to a heightened demand for a variety of construction equipment.
Markntel Advisor’s Construction Equipment Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Construction Equipment Market drivers, barriers, Construction Equipment Market Trends, and Key Players in Construction Equipment Market.
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Construction Equipment Market Trend: 2024-2030
Growing Infrastructural Development Projects Worldwide – With the rapid upgrade in the number of developmental projects across different countries across the world, various private companies & governments are augmenting the demand for construction equipment for the development & construction of commercial & residential buildings. Moreover, countries like the US, China, and India, among others, are investing substantially in public infrastructure developments & exemplifying an accelerating demand for this equipment to facilitate tasks efficiently. In addition, snowballing the number of smart city projects is another crucial aspect contributing to the growing demand for construction equipment & stimulating the overall Construction Equipment Market expansion through 2030.
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Construction Equipment Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type of Equipment
- Earthmoving Equipment – Market Size & Forecast 2019-2030, (Thousand Units)
- Excavator- Market Size & Forecast 2019-2030, (Thousand Units)
- Loaders – Market Size & Forecast 2019-2030, (Thousand Units)
- Bulldozers – Market Size & Forecast 2019-2030, (Thousand Units)
- Skid Steer Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
- Motor Graders- Market Size & Forecast 2019-2030, (Thousand Units)
- Crawler Loader- Market Size & Forecast 2019-2030, (Thousand Units)
- Trenchers- Market Size & Forecast 2019-2030, (Thousand Units)
- Dump trucks- Market Size & Forecast 2019-2030, (Thousand Units)
- Others- Market Size & Forecast 2019-2030, (Thousand Units)
- Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Cranes- Market Size & Forecast 2019-2030, (Thousand Units)
- Forklift- Market Size & Forecast 2019-2030, (Thousand Units)
- Tipper- Market Size & Forecast 2019-2030, (Thousand Units)
- Others- Market Size & Forecast 2019-2030, (Thousand Units)
- Other Construction Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Road Roller -Market Size & Forecast 2019-2030, (Thousand Units)
- Diesel Generator-Market Size & Forecast 2019-2030, (Thousand Units)
- Others Market Size & Forecast 2019-2030, (Thousand Units)
- By Application
- Power & Utilities- Market Size & Forecast 2019-2030, (Thousand Units)
- Mining – Market Size & Forecast 2019-2030, (Thousand Units)
- Hospitality- Market Size & Forecast 2019-2030, (Thousand Units)
- Residential- Market Size & Forecast 2019-2030, (Thousand Units)
- Healthcare & Educational- Market Size & Forecast 2019-2030, (Thousand Units)
- Roads & Highway- Market Size & Forecast 2019-2030, (Thousand Units)
- Manufacturing Units- Market Size & Forecast 2019-2030, (Thousand Units)
- Other- Market Size & Forecast 2019-2030, (Thousand Units)
- By Power Output
- Less than 100 HP- Market Size & Forecast 2019-2030, (Thousand Units)
- 101-200 HP- Market Size & Forecast 2019-2030, (Thousand Units)
- 201-400 HP- Market Size & Forecast 2019-2030, (Thousand Units)
- More than 400 HP- Market Size & Forecast 2019-2030, (Thousand Units)
- By Propulsion
- Diesel- Market Size & Forecast 2019-2030, (Thousand Units)
- Gas – Market Size & Forecast 2019-2030, (Thousand Units)
- CNG -Market Size & Forecast 2019-2030, (Thousand Units)
- LPG -Market Size & Forecast 2019-2030, (Thousand Units)
- Electric- Market Size & Forecast 2019-2030, (Thousand Units)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- Earthmoving Equipment – Market Size & Forecast 2019-2030, (Thousand Units)
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Construction Equipment Market:
- Caterpillar
- Volvo
- Komatsu
- CNH Industrial
- Liebherr
- Hitachi Construction
- John Deere
- Dooson
- JCB
- Terex
- CEAT Limited
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