Construction Equipment Market Dominated by Asia Pacific with Largest Revenue Share in 2023

Construction Equipment Market Overview:

Maximize Market Research, a Construction Equipment business research firm has published a report on the “Construction Equipment Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).

Expected Expansion of Construction Equipment Market

The Construction Equipment Market size was valued at USD 194.10 Bn. in 2023 and the total revenue is expected to grow by 4.48% from 2024 to 2030, reaching nearly 263.80 Bn.

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Construction Equipment Market Report Scope and Research Methodology:

The scope of the Construction Equipment Market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Construction Equipment Market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Construction Equipment Market sector and capitalizing on growth prospects.

Construction Equipment Market Regional Insights:

Improved dependability and increasing demand drive growth in the Construction Equipment Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Construction Equipment Market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Construction Equipment Market Segmentation:

by Type

Loader
Crane
Forklift
Excavator
Dozer
Others

The Construction Equipment Market is divided into Loader, Crane, Forklift, Excavator, Dozer, and Others. The Loader sector had the most market share in 2023. Loaders are expected to develop rapidly as new and existing manufacturing facilities expand, household demand rises, disposable income rises, and government subsidies increase.

by Power Output

100 HP
101–200 HP
201–400 HP
400 HP

The Construction Equipment Market is divided into four segments based on power output: 100 HP, 101-200 HP, 201-400 HP, and 400 HP. In terms of power output, the 101-200 horsepower (HP) segment dominated the market in 2023. The market penetration of 101-200 HP construction equipment is higher due to its superior power-to-weight ratio, increased fuel economy, and lower operating costs for construction equipment operators and contractors.

by Industries

Oil Gas
Infrastructure
Forestry Agricultural
Manufacturing
Military
Mining

The Construction Equipment Market is divided into several industries, including oil and gas, infrastructure, forestry and agriculture, manufacturing, military, and mining. In 2023, the Infrastructure segment had the highest market share. Construction equipment sales have skyrocketed as infrastructure and development spending have grown, particularly in emerging markets. Sales of construction equipment are likely to expand by double digits over the forecast period as a result of increased government investment in infrastructure projects, particularly in rural areas.

by Application

Earth moving
Transportation
Excavation Demolition
Heavy Lifting
Tunneling
Material Handling
Recycling Waste Management

The Construction Equipment Market is divided into the following applications: earth moving, transportation, excavation and demolition, heavy lifting, tunneling, material handling, and recycling and waste management. The Earth Moving segment led the market in 2023 and is projected to continue to do so throughout the forecast period.

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Table of Content: Construction Equipment Market

Part 01: Executive Summary

Part 02: Scope of the Construction Equipment Market Report

Part 03: Global Construction Equipment Market Landscape

Part 04: Global Construction Equipment Market Sizing

Part 05: Global Construction Equipment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Want a comprehensive market analysis? Check out the summary of the research report: h-

Construction Equipment Market Key Players:

1. Caterpillar
2. Hitachi Construction Machinery
3. Komatsu Ltd.
4. SANY Group
5. Xuzhou Construction Machinery Group
6. JCB
7. Doosan Corporation
8. Atlas Copco
9. Deere Company
10. Bomag

Key questions answered in the Construction Equipment Market are:

Who are the leading companies and what are their portfolios in Construction Equipment Market?
What segments are covered in the Construction Equipment Market?
Who are the key players in the Construction Equipment Market?
What is Construction Equipment Market?
What was the Construction Equipment Market size in 2023?
What is the growth rate of the Construction Equipment Market?
Which are the factors expected to drive the Construction Equipment Market growth?
What are the different segments of the Construction Equipment Market?
What growth strategies are the players considering to increase their presence in Construction Equipment Market?
What are the upcoming industry applications and trends for the Construction Equipment Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Construction Equipment Market?
What segments are covered in the Construction Equipment Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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