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Global Construction Equipment Market Size

Global Construction Equipment Market size was valued at USD 103.93 billion in 2021 and is poised to grow from USD 108.4 billion in 2022 to USD 158.34 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

Swetachakraborty
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Global Construction Equipment Market Size

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  1. Global Construction Equipment Market Size, Share, Growth Analysis, By Equipment type By Application- Industry Forecast 2023-2030 Global Construction Equipment Market size was valued at USD 103.93 billion in 2021 and is poised to grow from USD 108.4 billion in 2022 to USD 158.34 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030). Global Construction Equipment Market size was valued at USD 103.93 billion in 2021 and is poised to grow from USD 108.4 billion in 2022 to USD 158.34 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).The demand for these items is predicted to be driven by the increase in construction activity around the world. Favorable government programmes like stimulus packages and lower housing costs that encouraged people to buy new homes will likely be major drivers of market growth during the projection period. Over the coming years, market development is projected to be hampered by supply chain and inventory issues as well as a lack of semiconductors. Over the next few years, it's anticipated that the growing demand for electric construction equipment will open up new income opportunities for the OEMs. These machines run on batteries and provide a number of benefits, including less maintenance requirements, less noise, less vibration, and higher field worker comfort. They are only starting off, but throughout the course of the projected time, they should take off. Compact electric excavators and wheel loaders have previously been commercialised by OEMs such AB Volvo, Caterpillar, and Komastu. However, one of the barriers to its adoption throughout the projection period is anticipated to be the high initial upfront cost.

  2. One of the long-term drivers anticipated to propel sales in the market over the forecast period is an increase in construction investment globally. Over the past few years, building investment has increased significantly in the U.S. The market growth is also anticipated to be fueled by upcoming multi-family housing construction projects in Europe, including the Milanosesto Mixed-Use Complex (Italy), ZAC Campus Grand Parc Mixed-Use Development (France), Viadux Mixed- Use Community (U.K.), Camden Goods Yard Mixed-Use Community (U.K.), and Sackville Road Residential Community (U.K.). Government efforts to upgrade outdated public infrastructure, such as port extensions, an undersea tunnel linking major European nations, and railway tunnels, are also anticipated to propel market expansion. Better infrastructure, including homes, schools, clinics, stadiums, office buildings, and airports, is required throughout Asia Pacific nations, particularly in China, India, and South Asian nations. Additionally, because housing costs are falling and cities in China and India are urbanising quickly, there is a growing demand for construction equipment in the residential construction sector. The development of the public-private partnership (PPP) model is anticipated to benefit from an increase in the number of supportive government policies over the course of the forecast period, which is also projected to be positive for the market for construction equipment.

  3. Global Construction Equipment Market Segmental Analysis The global construction equipment market is segmented based on Equipment Type, Application, and region. Based on Equipment type the construction equipment market is further sub-segmented into earthmoving equipment, cranes, material handling equipment, concrete equipment, road building equipment, civil engineering equipment, crushing, and screening equipment. According to the Application, the construction equipment market is segregated into Residential, Commercial, and Industrial. View more @https://www.skyquestt.com/report/construction- equipment-market Construction Equipment Market Top Player’s Company Profiles •Caterpillar Inc.

  4. •Komatsu Ltd. •Hitachi Construction Machinery Co., Ltd. •Liebherr Group •Volvo Construction Equipment •Terex Corporation •Doosan Infracore Co., Ltd. •CNH Industrial N.V. •JCB Ltd. •Sany Heavy Industry Co., Ltd. •Hyundai Construction Equipment Co., Ltd. •Zoomlion Heavy Industry Science and Technology Co., Ltd. •XCMG Group •Kobelco Construction Machinery Co., Ltd. •Wacker Neuson SE •Manitou Group •BOMAG GmbH •Atlas Copco AB •Bell Equipment Limited •Deere & Company About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address:

  5. 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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