What is Road Machinery Market?
Road machinery are heavy equipment used in construction of different kinds of roads. Various roads machinery include hydraulic motor grader, cold planer, crane, and others. Rapid rise in road construction activities across the world is the primary factor contributing to the growth of road machinery. Of late, there has been focus on manufacturing light-weight fuel-efficient road machinery. Moreover, industrialization in emerging country and projects such as smart cities construction provide lucrative opportunity for road machinery manufacturers.
Highlights from Road Machinery Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Caterpillar (United States), Komatsu (Japan), Hitachi Construction Machinery (Japan), Volvo Construction Equipment (Sweden), Terex (United States), Liebherr (Switzerland), John Deere (United States), XCMG (China), Sany (China), Zoomlion (China), JCB (United Kingdom), Kobelco Construction Machinery (United States), Metso (Finland), JLG (United States), CNH Industrial (United Kingdom), Hyundai Heavy Industries (South Korea), Wirtgen Group (Germany), Manitou (France) and Sandvik Construction (Sweden) |
Caterpillar (United States), Komatsu (Japan), Hitachi Construction Machinery (Japan), Volvo Construction Equipment (Sweden), Terex (United States), Liebherr (Switzerland), John Deere (United States), XCMG (China), Sany (China), Zoomlion (China), JCB (United Kingdom), Kobelco Construction Machinery (United States), Metso (Finland), JLG (United States), CNH Industrial (United Kingdom), Hyundai Heavy Industries (South Korea), Wirtgen Group (Germany), Manitou (France) and Sandvik Construction (Sweden) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are SCHWING Stetter (Germany). Road Machinery Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Construction Company, Military, Leasing Company and Others |
Type | Dozers, Excavators, Motor Graders, Wheel Loaders, Crushers and Rollers |
On the basis of geography, the market of Road Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Automatic Road Machinery
Market Growth Drivers:
Growing Road Construction Activities Across the World
Challenges:
Complexity Involved in Inventory Control and Spare Parts Management in Road Machinery and Difficulty in Maintenance of Heavy Road Machinery
Restraints:
High Cost Associated with Road Machinery and Rise in Number of Unfinished Road Construction Projects
Opportunities:
Increasing Infrastructural Activity in Emerging Countries and Technological Up-gradation in Road Machinery
Key Target Audience
Raw Material Suppliers, Distributors/traders/wholesalers/suppliers, Regulatory Bodies, including Government Agencies and NGO, Commercial Research and Development (RandD) Institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies, End-use industries and Others