About Used Construction Equipment
Used construction equipment consists of machinery and tools that have been previously owned and utilized in building projects. This includes large machines like excavators, bulldozers, cranes, and forklifts, which are essential for tasks such as moving earth, leveling land, and handling materials. The market for used construction equipment is growing due to the high cost of new machines, making used options attractive for builders and construction companies looking to save money. One major benefit of buying used equipment is the potential for significant cost savings. Used machines are generally more affordable than new ones, allowing businesses to acquire necessary tools without overspending. Additionally, many used machines are well-maintained and refurbished, which enhances their appeal.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Komatsu Corporation (Japan), Hitachi, Ltd (Japan), Volvo CE (Sweden), Liebherr (Switzerland), XCMG (China), Doosan Corporation (South Korea), John Deere (United States), Sany Group (China), Zoomlion Heavy Industry Science &Technology Co. (China), Fayat Group (France), Sakai Heavy Industries,Ltd (Japan), Sunward Equipment Group (China) and Pai Machines (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Used Construction Equipment market by , Application (Construction, Manufacturing, Mining and Others) and Region.
On the basis of geography, the market of Used Construction Equipment 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). If we see Market by Type, the sub-segment i.e. Earthmoving Equipment will boost the Used Construction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of electric and hybrid technologies, Integration of autonomous features and remote operation and Growth of online marketplaces and auction platforms for used equipment
Market Growth Drivers:
Growing construction spending worldwide, Increasing rental and lease options and Environmental regulations encouraging equipment reuse
Challenges:
Fluctuations in construction industry activity and Lack of standardized equipment valuation methods
Restraints:
Potential for hidden defects or reduced performance
Opportunities:
Innovations in refurbishment techniques and diagnostic tools have improved the quality and reliability of used equipment.
Market Leaders and their expansionary development strategies
In December 2024, Pai Machines, the advanced machinery brand under Infra Bazaar Tech Pvt Ltd (IBTPL), has finalized the acquired of the manufacturing facilities of L&T Construction Equipment Limited’s (LTCEL) Machinery Works division. This strategic move includes the integration of a 70-member team, comprising 40 specialists in product development and R&D, into Pai Machines. Initiated in June 2024, this acquisition marks Pai Machines’ significant entry into India’s construction equipment market.
In October 2023, HD Hyundai Construction Equipment India has launched multiple products to reinforce its position in Infrastructure, Mining and Material Handling Industry. New generation- Global HX Series 50ton class excavator launched for Heavy Duty Mining application, 3 new models were launched in SMART Plus series of excavator in 8ton, 14ton, 15ton segment to strengthen the brand position in Infrastructure segment.
Key Target Audience
Construction equipment manufacturers, Engine manufacturers, Construction equipment dealers, Rental equipment providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.