Market Research Report

Heavy Construction Equipment Market

Heavy Construction Equipment Market Research Report: Size, Share, Trend Analysis By Type (Earthmoving Equipment, Material Handling, Heavy Vehicles, Crushers, Others), By Application (Excavation & Demolition, Material Handling, Heavy Lifting, Recycling & Waste Management, Tunneling), By End Use Industry (Metals, Minerals, Coal, Aggregates, Infrastructure, Real Estate) and By Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) - Growth Outlook & Industry Forecast To 2030

Vertical: PCMBase Year: 2021

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Executive Summary

Heavy Construction Equipment Market — Snapshot

  • Market Size (2021)

    $120.63M

  • Projected (2030)

    $175.48M

  • CAGR (2018–2030)

    2.9%

  • Key Players

    13+

Heavy construction equipment market is expected to grow at a CAGR of 4.31% over the forecast duration 2022-2030. Public-private partnerships (PPP), increased industrial, residential, and commercial construction activity, and rising government spending on infrastructure development are all contributing factors to the expansion of the world market. In order to supply effective equipment for end-users and industries like mining, agricultural, forestry, material handling (e.g., ports, warehouses), waste management, and municipal equipment, the key players in the market are investing in research and development activities (e.g., tool carriers, street sweeping).

The global heavy construction equipment market was valued at USD 120.63 billion in 2021 and expected to reach USD 175.48 billion by 2030, registering a CAGR of 4.31% over the forecast duration. Asia Pacific accounts for the largest market share (40.51%) followed by North America (23.45%) and Europe (19.52%). Asia Pacific is expected to register the highest CAGR (5.04%) followed by Europe (2.19%) over the forecast duration 2022-2030.

Key Insight

The Heavy Construction Equipment Market market is projected to grow at a CAGR of 2.9% from 2018 to 2030.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, South America, Middle East and Africa.
  • Market Segmentation: The market is analyzed across 5 segments: Excavation & Demolition, By Application_Material Handling, Recycling & Waste Management, Heavy Lifting, Tunneling. Forecasts are provided for each segment from 2018 to 2030.
  • Competitive Landscape: 13 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Heavy Construction Equipment Market

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