About Heavy Construction Equipment
Heavy construction equipment becomes an emerging need for every construction sites to make construction job easy, safe and quick. The use of new equipment and innovative methods made possible wholesale changes in construction technologies in recent decades. These become the backbone of huge construction projects. This covers a broad range of machines that can excavate and grade soil and rock, along with other jobs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Heavy construction market is moderately competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.The Manufacturers having a strong hold in the market are Caterpillar. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global Heavy Construction 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), Komatsu (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Equipment (Japan), Liebherr (Germany), Sany (China), Zoomlion (China), Terex (United States), Doosan Infracore (South Korea) and John Deere (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are BAS Machinery (The Netherlands) and XCMG (China).
Segmentation Overview
AMA Research has segmented the market of Global Heavy Construction Equipment market by Type (Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicle, Compactors & Road Rollers and Pavers/ Asphalt Finishers), Application (Material Handling, Excavating Trenches, Holes, and Foundations, Brush Cutting With Hydraulic Attachments, Demolition, Rough Grading, Heavy Lifting and Pipe Installation, Mining and River Dredging) and Region.
On the basis of geography, the market of Heavy 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 Distribution Channel, the sub-segment i.e. Online Stores will boost the Heavy Construction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Oil & Gas will boost the Heavy Construction Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Tracked Construction Equipment and Rising Popularity of Rentals
Market Growth Drivers:
Increasing Government Investment in Constructions in Emerging Countries and High Growth in the Mining Industry
Challenges:
Facing Equipment Depreciation.
Restraints:
Government Regulations Concerning Carbon Emission and Fluctuations in Oil Prices, Restrain the Market Growth
Opportunities:
Rising Government Investments for Infrastructure Development Is Expected To Offer Lucrative Opportunities for Growth
Market Leaders and their expansionary development strategies
In September 2020, Sun Acquisitions announce the successful acquisition of Martin Implement, a leading heavy industrial and construction equipment distributor with three locations in Illinois.
In Apr 2018, XCMG company manufacturers announced to launch XE7000E hydraulic excavator, which is rolled off the company. This machine is powered by XCMG 700 tonne excavator weighs as much as 500 saloon cars, and its bucket capacity is 34 cubic meters.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Heavy Construction Equipment Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.