Global Market for Construction Equipment
Dublin, June 14, 2023 (GLOBE NEWSWIRE) -- The "Construction Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Construction Equipment Market to Reach $248.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Construction Equipment estimated at US$175 Billion in the year 2022, is projected to reach a revised size of US$248.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Earthmoving Equipment, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$102 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Material Handling Equipment segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $32.9 Billion, While China is Forecast to Grow at 5.8% CAGR
The Construction Equipment market in the U.S. is estimated at US$32.9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$53.7 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$57.4 Billion by the year 2030.
Select Competitors (Total 278 Featured)-
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Caterpillar Inc.
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Deere & Co.
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Dingsheng Tiangong Construction Machinery Co. Ltd.
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Doosan Infracore Co. Ltd.
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Hitachi Construction Machinery Co. Ltd.
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J C Bamford Excavators Ltd.
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JLG Industries Inc.
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Kobelco Construction Machinery Co. Ltd.
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Komatsu Ltd.
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Kubota Corporation
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Liebherr Group
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Lonking Holdings Limited
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Manitou Group
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Sandvik AB
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SANY Group Co. Ltd.
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Shantui Construction Machinery Co. Ltd.
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Sumitomo Heavy Industries Ltd.
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Terex Corporation
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Xuzhou Construction Machinery Group Co. Ltd.
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Xuzhou Heavy Machinery Co. Ltd.
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Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 747 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $175 Billion |
| Forecasted Market Value (USD) by 2030 | $248.5 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
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Caterpillar Inc.
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Deere & Co.
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Dingsheng Tiangong Construction Machinery Co. Ltd.
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Doosan Infracore Co. Ltd.
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Hitachi Construction Machinery Co. Ltd.
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J C Bamford Excavators Ltd.
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JLG Industries Inc.
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Kobelco Construction Machinery Co. Ltd.
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Komatsu Ltd.
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Kubota Corporation
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Liebherr Group
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Lonking Holdings Limited
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Manitou Group
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Sandvik AB
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SANY Group Co. Ltd.
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Shantui Construction Machinery Co. Ltd.
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Sumitomo Heavy Industries Ltd.
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Terex Corporation
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Xuzhou Construction Machinery Group Co. Ltd.
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Xuzhou Heavy Machinery Co. Ltd.
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Zoomlion Heavy Industry Science & Technology Development Co. Ltd.