Construction Equipment Market Overview:
The primary subjects of the in-depth corporate business research of the Construction Equipment Market are the most recent drivers, restraints, and opportunities in the Construction Equipment Market industry. The results were then confirmed by calling well-known companies. In the secondary investigation and analysis of the same, both free and paid data sources are utilised. Information on each player's supply and consumption is gathered through reliable data sources, official government sources, and, in the case of publicly traded enterprises, financial reports of the company. Even if financial documents aren't normally accessible to the general public, the tax division of the local government may be permitted to request them from businesses.
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Construction Equipment Market size was valued at USD 177.82 Bn. in 2022 and the total revenue is expected to grow by 4.48% from 2022 to 2029, reaching nearly 252.49 Bn.
COVID-19 Impact:
By examining the existing and potential consequences of the COVID-19 pandemic on the Construction Equipment Market , the analysis delivers more accurate and true estimations in line with the realities of the market. Distress is being caused by the coronavirus's widespread spread. Nearly all countries have enacted strict social segregation measures, such as lockdowns. This has led to major supply disruptions. The disease's extensive effects have altered social systems everywhere. The COVID-19 has an effect on the market as a whole, and that effect will intensify in 2019 and 2020 in line with the market's rate of growth. To provide reliable information and experiences to decision-makers, the COVID-19 event has compelled businesses to manage risk and digitise operations. This is consistent with the most recent MMR analyses, studies, and recommendations regarding management issues that are crucial for businesses and organisations and have a big impact on the market.
Segmentation
The market for construction equipment is divided into categories for loader, crane, forklift, excavator, dozer, and others based on type. In 2022, the Loader sector accounted for the highest market share. Loaders are shown to be expanding rapidly as a result of the growth of both new and existing manufacturing facilities, increased household demand, rising disposable income, and government subsidies.
The Construction Equipment Market is divided into four categories based on power output: 100 HP, 101-200 HP, 201-400 HP, and 400 HP. In 2022, the segment with power outputs between 101 and 200 horsepower (HP) accounted for the majority of the market. 101-200 HP construction equipment has a better market penetration because to its superior power-to-weight ratio, increased fuel economy, and lower operating costs for construction equipment operators and contractors.
Key players:
• Hitachi Construction Machinery
• Komatsu Ltd.
• SANY Group
• Xuzhou Construction Machinery Group
• JCB
• Doosan Corporation
• Atlas Copco
• Deere Company
• Bomag
• CASE Construction Equipment
• Ammann Group
• Hamm AG
• Martin Trailer Company
• MBW Inc.
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Key company and market share insights:
Here, the leading competitors are emphasised for the benefit of the audience. The report examines key strategic decisions that big businesses make to maintain their market-leading positions, such as product portfolio strengthening, MA, alliances, cutting-edge product development, and global expansion. The report includes the company's goals as well as important financial information and unique insights. Additionally, users can get data on the companies' global sales, revenue, and profit margins from 2017 through 2022.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Table Of Content:
1. Global Construction Equipment Market: Research Methodology
2. Global Construction Equipment Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Construction Equipment Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Construction Equipment Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 MA by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Construction Equipment Market Segmentation
4.1 Global Construction Equipment Market, by Type (2022-2029)
• Loader
• Crane
• Forklift
• Excavator
• Dozer
• Others
4.2 Global Construction Equipment Market, by Power Output (2022-2029)
• 100 HP • 101–200 HP • 201–400 HP • 400 HP
4.2 Global Construction Equipment Market, by Industries (2022-2029)
• Oil Gas
• Infrastructure
• Forestry Agricultural
• Manufacturing
• Military
• Mining
4.3 Global Construction Equipment Market, by Application (2022-2029)
• Earth moving
• Transportation
• Excavation Demolition
• Heavy Lifting
• Tunneling
• Material Handling
• Recycling Waste Management
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