About Demolition Equipment
Demolition equipment is used to demolish existing constructions by cutting concrete slabs, steel rods, and dismantling related infrastructure. These equipment are used in association with others construction machines such as materials handlers, hydraulic excavators, track loaders and others. Globally, there have been rapid rise in construction activities as government across emerging countries are emphasizing on building smart cities and related infrastructure. Also, demolition equipment has gone through various technological advancements as manufacturing of energy-efficient equipment is becoming new norm, which in turn offer huge opportunity for manufacturers to introduce new variants of demolition equipment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market analysis entails a section solely dedicated for major players in the Global Demolition Equipment Market wherein our analysts provide an insight to the financial statements of all the major players along with its key developments product benchmarking and SWOT analysis. The company profile section also includes a business overview and financial information. The companies that are provided in this section can be customized according to the client’s requirements. Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Demolition Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caterpillar (United States), Hitachi (Japan), Kobelco (Japan), Komatsu Limited (Japan), Volvo (Sweden), Doosan (South Korea), JCB (United Kingdom), Hyundai (South Korea) and Hidromek (Turkey) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Bejac Corporation (United States), Keman (United States), BROKK GREAT BRITAIN (United Kingdom), Kocurek (United Kingdom) and Liebherr Group (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Demolition Equipment market by , Application (Mining, Construction, Road Engineering and Others) and Region.
On the basis of geography, the market of Demolition 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 By Weight, the sub-segment i.e. Up to 50 tons will boost the Demolition Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Height, the sub-segment i.e. Up to 15 m will boost the Demolition Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Urbanization Led to Rise in Investment in Construction Activities and Focus in Developing Energy-efficient Demolition Equipment
Market Growth Drivers:
Growing Renovation and Constructional Activities and Stringent Government Norms Regarding Demolition of Illegal Construction and Rising Encroachment Activities
Challenges:
Environmental Impact Associated with Rapid Demolition of Construction Sites
Restraints:
High Cost Involved in Procurement of Demolition Equipment
Opportunities:
Infrastructural Development in Emerging Countries and Construction of Smart Cities and Increasing Investments in Mining Activities
Market Leaders and their expansionary development strategies
In July 2023, Volvo Construction Equipment and Epiroc has Announced a strategic partnership to develop and market electric demolition equipment. This partnership will leverage Volvo's expertise in electric construction equipment and Epiroc's expertise in demolition equipment.
In November 2023, Volvo Construction Equipment launches the EC380E HR high reach demolition excavator this new excavator features a long reach boom and arm, allowing it to safely demolish structures up to 38 meters tall.
Key Target Audience
Demolition Equipment Manufacturers, Distributors/Suppliers, Raw Materials Suppliers, Market and Research Firms, Government Agencies 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.