Insights and Analysis of the Global Construction Equipment Market (2024-2029):
MarkNtel Advisors a prominent market research firm, has recently published a report entitled Global Construction Equipment Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2029.
The Global Construction Equipment Market is valued at USD 156 billion in 2023 and is estimated to grow at a CAGR of around 3.01% during the forecast period, i.e., 2024-29.
Key Points of the Global Construction Equipment Market Report:
Report Coverage
-Historical Data: 2019-22
-Base Year: 2023
-Forecast Period: 2024-29
-CAGR (2024-2029): 3.01%
-Market Value (2023): USD 156 Billion
What does the term Construction Equipment refer to?
Construction equipment is specially designed machinery that carries out heavy-duty operations in the construction sector with high efficiency in minimal time. With the growing number of construction development projects worldwide, many contractors and construction companies are augmenting the demand for this equipment to speed up the project without compromising safety security.
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What factors are steering the Global Construction Equipment Market growth?
Growing Infrastructural Development Projects Worldwide – With the rapid upgrade in the number of developmental projects across different countries across the world, various private companies governments are augmenting the demand for construction equipment for the development construction of commercial residential buildings.
Moreover, countries like the US, China, and India, among others, are investing substantially in public infrastructure developments exemplifying an accelerating demand for this equipment to facilitate tasks efficiently. In addition, snowballing the number of smart city projects is another crucial aspect contributing to the growing demand for construction equipment stimulating the overall Global Construction Equipment Market expansion through 2029.
The market segmentation includes the following categories, as delineated in the Global Construction Equipment Market report:
-By Type of Equipment
-Earthmoving Equipment - Market Size Forecast 2019-2029, (Thousand Units)
-Excavator- Market Size Forecast 2019-2029, (Thousand Units)
-Loaders - Market Size Forecast 2019-2029, (Thousand Units)
-Bulldozers - Market Size Forecast 2019-2029, (Thousand Units)
-Skid Steer Loaders- Market Size Forecast 2019-2029, (Thousand Units)
-Motor Graders- Market Size Forecast 2019-2029, (Thousand Units)
-Crawler Loader- Market Size Forecast 2019-2029, (Thousand Units)
-Trenchers- Market Size Forecast 2019-2029, (Thousand Units)
-Dump trucks- Market Size Forecast 2019-2029, (Thousand Units)
-Others- Market Size Forecast 2019-2029, (Thousand Units)
-Material Handling Equipment- Market Size Forecast 2019-2029, (Thousand Units)
-Cranes- Market Size Forecast 2019-2029, (Thousand Units)
-Forklift- Market Size Forecast 2019-2029, (Thousand Units)
-Tipper- Market Size Forecast 2019-2029, (Thousand Units)
-Others- Market Size Forecast 2019-2029, (Thousand Units)
-Other Construction Equipment- Market Size Forecast 2019-2029, (Thousand Units)
-Road Roller -Market Size Forecast 2019-2029, (Thousand Units)
-Diesel Generator-Market Size Forecast 2019-2029, (Thousand Units)
-Others Market Size Forecast 2019-2029, (Thousand Units)
-By Application
-Power Utilities- Market Size Forecast 2019-2029, (Thousand Units)
-Mining - Market Size Forecast 2019-2029, (Thousand Units)
-Hospitality- Market Size Forecast 2019-2029, (Thousand Units)
-Residential- Market Size Forecast 2019-2029, (Thousand Units)
-Healthcare Educational- Market Size Forecast 2019-2029, (Thousand Units)
-Roads Highway- Market Size Forecast 2019-2029, (Thousand Units)
-Manufacturing Units- Market Size Forecast 2019-2029, (Thousand Units)
-Other- Market Size Forecast 2019-2029, (Thousand Units)
-By Power Output
-Less than 100 HP- Market Size Forecast 2019-2029, (Thousand Units)
-101-200 HP- Market Size Forecast 2019-2029, (Thousand Units)
-201-400 HP- Market Size Forecast 2019-2029, (Thousand Units)
-More than 400 HP- Market Size Forecast 2019-2029, (Thousand Units)
-By Propulsion
-Diesel- Market Size Forecast 2019-2029, (Thousand Units)
-Gas - Market Size Forecast 2019-2029, (Thousand Units)
-CNG -Market Size Forecast 2019-2029, (Thousand Units)
-LPG -Market Size Forecast 2019-2029, (Thousand Units)
-Electric- Market Size Forecast 2019-2029, (Thousand Units)
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-By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia-Pacific
The industry's key players are covered in the Global Construction Equipment Market report, including:
-Caterpillar, Volvo, Komatsu, CNH Industrial, Liebherr, Hitachi Construction, John Deere, Dooson, JCB, Terex, CEAT Limited, Others
About Us:
MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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