Categories: Market Research

Heavy Construction Equipment Market Forecast To 2033 : Trends, Segmentation, Product Type, Technology And Key Players

Overview and Scope
Heavy construction equipment or heavy machinery refers to heavy-duty vehicles specially designed for executing construction tasks, most frequently ones involving earthwork operations or other large construction tasks. The heavy construction equipment is used for heavy operations tasks such as lifting, and other such heavy operations.

Sizing and Forecast
The heavy construction equipment market size has grown strongly in recent years. It will grow from $191.13 billion in 2023 to $205.81 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%.  The  growth in the historic period can be attributed to construction industry expansion, rise in demolition activities, infrastructure investment and government initiatives, sustainability and environmental considerations.

The heavy construction equipment market size is expected to see strong growth in the next few years. It will grow to $271.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.  The growth in the forecast period can be attributed to infrastructure modernization, sustainable construction practices, global mining industry expansion, focus on operator safety, emerging market development, customization and versatility, rise in rental market.. Major trends in the forecast period include digital transformation in construction, technological advancements and automation, adoption of electric and hybrid construction equipment, efficiency improvements with advanced hydraulic systems, telematics for fleet management..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/heavy-construction-equipment-global-market-report

Segmentation & Regional Insights
The heavy construction equipment market covered in this report is segmented –

1) By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipments
2) By Application:  Excavation and Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling and Waste Management
3) By End User: Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Other End Users

Asia-Pacific was the largest region in the heavy construction equipment market in 2023. The regions covered in the heavy construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8135&type=smp

Major Driver Impacting Market Growth
The expansion of government infrastructure development projects is expected to propel the growth of the heavy construction equipment market going forward. In recent years, the majority of countries’ governments have been more focused on the infrastructure sector for economic development as well as to provide world-class infrastructure in the country by building power plants, bridges, dams, roads, urban infrastructure developments, and others. Heavy construction equipment helps in accomplishing heavy tasks during infrastructure construction due to its high capacity and strength in lifting materials and its capability to operate in harsh environmental conditions. For instance, in July 2021, the Ministry of Road Transport & Highways allocated US$ 22 million under Economic Importance and Inter State Connectivity Scheme (EIC&ISC) for FY22. Therefore, the expansion of government infrastructure development projects is driving the growth of the heavy construction equipment market.

Key Industry Players
Major companies operating in the heavy construction equipment market report are The Volvo Group, Caterpillar Inc., CNH Industrial NV, Deere & Company, Doosan Corporation, Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Limited, Komatsu Limited, Liebherr Group, Sany GroupSany Heavy Industry Co. Ltd., XCMG Group, Terex Corporation, Zoomlion Heavy Industry Science and Technology Co. Ltd., Sandvik AB, Kobelco Construction MachineryKOBELCO Construction Machinery Co.Ltd., Wirtgen Group, Manitowoc Company Inc., LiuGong Machinery Corporation, Atlas Copco Group, Palfinger AG, Tadano Ltd., Kato Works Co. Ltd., Haulotte Group, BOMAG GmbH, Yanmar Co. Ltd., Takeuchi Mfg. Co. Ltd., Kubota Corporation, Bobcat Company, Case Construction Equipment, JLG Industries Inc., Genie Industries, Skyjack Inc.

The heavy construction equipment market report table of contents includes:

1. Executive Summary
2. Heavy Construction Equipment  Market Characteristics
3. Heavy Construction Equipment  Market Trends And Strategies
4. Heavy Construction Equipment  Market – Macro Economic Scenario
5. Global Heavy Construction Equipment  Market Size and Growth
…………..
31. Global Heavy Construction Equipment  Market Competitive Benchmarking
32. Global Heavy Construction Equipment  Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Heavy Construction Equipment  Market
34. Heavy Construction Equipment  Market Future Outlook and Potential Analysis
35. Appendix

Explore the trending research reports from TBRC:

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

3D and 4D Technology Market Share and Growth Insights 2024-2033

The 3d and 4d technology global market report 2024 from The Business Research Company provides…

14 seconds ago

Quantum Computing Market Overview, Growth, and Forecast (2024-2030)

Quantum Computing Market Size: The global Quantum Computing Market was valued at USD 2.96 billion in 2023…

4 mins ago

Fluorspar Market Industry Size and Regional Market Scope By 2030

Fluorspar Market Overview Fluorspar, a mineral composed mainly of calcium fluoride, plays a pivotal role…

7 mins ago

Cold Chain Monitoring Market: Insights, Trends, and Growth Projections (2024-2030)

Cold Chain Monitoring Market Overview: The Cold Chain Monitoring Market is experiencing robust growth, with an estimated…

13 mins ago

Smart Irrigation Market Set to Witness Robust Growth, Projected to Reach USD 4.68 Billion by 2030

Smart Irrigation Market Overview: The global Smart Irrigation Market, valued at USD 2.02 billion in 2023,…

14 mins ago

Solid-State Battery Market Report: Trends, Insights, and Forecasts for 2024–2030

Solid-State Battery Market Overview: The global Solid-State Battery Market was valued at USD 326.56 million in 2023 and is…

19 mins ago