Product Code: PM3875
The global heavy construction equipment market size is expected to reach USD 298.24 billion by 2032, according to a new study by Polaris market research. The report "Heavy Construction Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Earthmoving Equipment, Heavy Construction Vehicles, Material Handling Equipment, and Others); By Application; By End-User; By Region; Segment Forecast, 2023- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The heavy construction equipment is impacted by top factors such as the recovery of the construction sector, increase in public and private partnerships, growth in urbanization, and Eurozone economic uncertainty and stringent government regulations. The heavy construction equipment market is expected to experience growth due to an increase in infrastructural development projects, as these play a vital role in digging, paving, grading, and trenching.
Moreover, utilizing modern, fuel-efficient construction equipment can lead to a reduction in the operational expenses of large-scale construction ventures. Anticipations suggest a substantial upswing in the heavy construction equipment market's growth in the coming years. This surge is attributed to the extensive incorporation of such equipment in tasks related to earth moving, mining, and material handling. Additionally, the augmented utilization of these machines in the private sector, robust expansion within the real estate domain, enhanced economic landscapes, and a surge in both residential and commercial infrastructure projects in emerging economies are bolstering market expansion.
The infrastructure development in various regions results in a heavy inflow of foreign investments, which substantially boosts the demand for heavy construction equipment in the region. In addition, public-private partnership is a concept wherein the government and private sector companies enter into a partnership deal. Thus, an increase in the number of partnerships in the region has led to heavy investment in the private sector for infrastructural developments, which in turn is expected to boost the growth of the heavy construction equipment market.
Heavy Construction Equipment Market Report Highlights
Material handling equipment segment is expected to grow at a highest CAGR during the projected period, on account of increasing mining activites
Excavation & demolition segment accounted for largest market share in 2022, which is mainly driven by cost-effectiveness, higher performance, and flexibility
Infrastructure segment held the significant market revenue share in 2022, mainly due to better fuel efficiency, and low operating costs
Asia Pacific region dominated the market with majority share in 2022, owing to exponential growth in the technology and rising R&D investments across emerging economies
The global key market players include: Caterpillar Inc, Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd, Deere & Company, Volvo Group
Polaris market research has segmented the heavy construction equipment market report based on type, application, end-user, and region:
Heavy Construction Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Earthmoving Equipment
- Heavy Construction Vehicles
- Material Handling Equipment
- Others
Heavy Construction Equipment, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Excavation & demolition
- Tunneling
- Heavy Lifting
- Recycling & Waste Management
- Material Handling
Heavy Construction Equipment, End-User Outlook (Revenue - USD Billion, 2019 - 2032)
- Mining
- Infrastructure
- Construction
- Oil & Gas
- Manufacturing
- Others
Heavy Construction Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Heavy Construction Equipment Market Insights
- 4.1. Heavy Construction Equipment Market - End-User Snapshot
- 4.2. Heavy Construction Equipment Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased focus on expansion of the mining sector
- 4.2.1.2. Technological Advancements
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Heavy Construction Equipment Market End-User Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Heavy Construction Equipment Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 5.3. Excavation & Demolition
- 5.3.1. Global Heavy Construction Equipment Market, by Excavation & demolition, by Region, 2019-2032 (USD Billion)
- 5.4. Tunneling
- 5.4.1. Global Heavy Construction Equipment Market, by Tunneling, by Region, 2019-2032 (USD Billion)
- 5.5. Heavy Lifting
- 5.5.1. Global Heavy Construction Equipment Market, by Heavy Lifting, by Region, 2019-2032 (USD Billion)
- 5.6. Recycling & Waste Management
- 5.6.1. Global Heavy Construction Equipment Market, by Recycling & Waste Management, by Region, 2019-2032 (USD Billion)
- 5.7. Material Handling
- 5.7.1. Global Heavy Construction Equipment Market, by Material Handling, by Region, 2019-2032 (USD Billion)
6. Global Heavy Construction Equipment Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 6.3. Earthmoving Equipment
- 6.3.1. Global Heavy Construction Equipment Market, by Earthmoving Equipment, by Region, 2019-2032 (USD Billion)
- 6.4. Heavy Construction Vehicles
- 6.4.1. Global Heavy Construction Equipment Market, by Heavy Construction Vehicles, by Region, 2019-2032 (USD Billion)
- 6.5. Material Handling Equipment
- 6.5.1. Global Heavy Construction Equipment Market, by Material Handling Equipment, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Heavy Construction Equipment Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Heavy Construction Equipment Market, by End-User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 7.3. Mining
- 7.3.1. Global Heavy Construction Equipment Market, by Mining, By Region, 2019-2032 (USD Billion)
- 7.4. Infrastructure
- 7.4.1. Global Heavy Construction Equipment Market, by Infrastructure, By Region, 2019-2032 (USD Billion)
- 7.5. Construction
- 7.5.1. Global Heavy Construction Equipment Market, by Construction, By Region, 2019-2032 (USD Billion)
- 7.6. Oil & Gas
- 7.6.1. Global Heavy Construction Equipment Market, by Oil & Gas, By Region, 2019-2032 (USD Billion)
- 7.7. Manufacturing
- 7.7.1. Global Heavy Construction Equipment Market, by Manufacturing, By Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Heavy Construction Equipment Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Heavy Construction Equipment Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Heavy Construction Equipment Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Heavy Construction Equipment Market - North America
- 8.3.1. North America: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.3.2. North America: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.3.3. North America: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.4. Heavy Construction Equipment Market - U.S.
- 8.3.4.1. U.S.: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.3.5. Heavy Construction Equipment Market - Canada
- 8.3.5.1. Canada: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4. Heavy Construction Equipment Market - Europe
- 8.4.1. Europe: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.3. Europe: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.4. Heavy Construction Equipment Market - UK
- 8.4.4.1. UK: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.5. Heavy Construction Equipment Market - France
- 8.4.5.1. France: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.5.3. France: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.6. Heavy Construction Equipment Market - Germany
- 8.4.6.1. Germany: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.7. Heavy Construction Equipment Market - Italy
- 8.4.7.1. Italy: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.8. Heavy Construction Equipment Market - Spain
- 8.4.8.1. Spain: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.9. Heavy Construction Equipment Market - Netherlands
- 8.4.9.1. Netherlands: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.4.10. Heavy Construction Equipment Market - Russia
- 8.4.10.1. Russia: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5. Heavy Construction Equipment Market - Asia Pacific
- 8.5.1. Asia Pacific: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.4. Heavy Construction Equipment Market - China
- 8.5.4.1. China: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.4.3. China: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.5. Heavy Construction Equipment Market - India
- 8.5.5.1. India: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.5.3. India: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.6. Heavy Construction Equipment Market - Malaysia
- 8.5.6.1. Malaysia: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.7. Heavy Construction Equipment Market - Japan
- 8.5.7.1. Japan: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.8. Heavy Construction Equipment Market - Indonesia
- 8.5.8.1. Indonesia: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.5.9. Heavy Construction Equipment Market - South Korea
- 8.5.9.1. South Korea: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6. Heavy Construction Equipment Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.4. Heavy Construction Equipment Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.5. Heavy Construction Equipment Market - UAE
- 8.6.5.1. UAE: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.6. Heavy Construction Equipment Market - Israel
- 8.6.6.1. Israel: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.6.7. Heavy Construction Equipment Market - South Africa
- 8.6.7.1. South Africa: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7. Heavy Construction Equipment Market - Latin America
- 8.7.1. Latin America: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.4. Heavy Construction Equipment Market - Mexico
- 8.7.4.1. Mexico: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.5. Heavy Construction Equipment Market - Brazil
- 8.7.5.1. Brazil: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
- 8.7.6. Heavy Construction Equipment Market - Argentina
- 8.7.6.1. Argentina: Heavy Construction Equipment Market, by Application, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Heavy Construction Equipment Market, by End-User, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Heavy Construction Equipment Market, by Type, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1.Caterpillar Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. CNH Industrial N.V.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3.Deere & Company
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Doosan Infracore Co Ltd.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Hitachi Construction Machinery Co. Ltd.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. J C Bamford Excavators Ltd.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Kobelco Construction Machinery Co. Ltd.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Komatsu Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Liebherr International AG
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. SANY Group Co. Ltd.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Terex Corporation
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Volvo Group
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Wacker Neuson Linz GmbH
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. XCMG Group
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Zoomlion Heavy Industry Science and Technology Co. Ltd.
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development