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市場調查報告書
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1618395

工程機械市場:依設備類型、應用、最終用戶、地區分類,2024-2031

Construction Equipment Market By Equipment Type, Application, End-User, & Region for 2024-2031

出版日期: | 出版商: Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

價格
簡介目錄

2024-2031年工程機械市場評估

都市化進程和基礎設施發展。這種城市化趨勢正在推動基礎設施的重大發展。因此,基礎設施的成長正在推動市場規模成長,到 2024 年將突破 1,836.3 億美元,並在 2031 年達到 3,108.3 億美元的估值。

租賃服務越來越受歡迎。這一趨勢預計將在全球範圍內持續下去,從而推動工程機械的需求。因此,租賃服務市場的成長將使市場從2024年到2031年的複合年增長率為6.80%。

工程機械市場定義/概述

建築設備是指在建築過程的各個階段使用的各種專用機器,其設計目的是執行遠遠超出普通工具所能處理的任務。這些機器是管理複雜任務(例如土木工程、材料搬運、起重和精密建築工作)的重要主力。

建築設備通常根據功能進行分類。土方設備包括挖土機、推土機和裝載機等強大的機器,這些機器對於場地準備、挖掘、挖溝和物料搬運等任務至關重要。起重機、堆高機和皮帶輸送機等物料搬運設備專為在建築工地高效提升、移動和定位物料而設計。另一類包括混凝土攪拌機、攤舖機和平地機等專用機械,用於混凝土澆築、道路施工和瀝青攤舖等特定任務,以確保高精度和高效率。

選擇正確的施工設備對於任何專案的成功至關重要。專案規模、工作類型、現場條件和預算等因素在確定理想的機器組合方面發揮著重要作用。透過利用正確的機械,建築公司可以提高效率、維持安全標準並按時交付優質成果。

日益增長的工程機械需求將如何帶動工程機械市場的成長?

建築設備租賃因其成本效益、靈活性和初始投資低而成為許多建築公司和承包商的首選。透過選擇租賃服務,公司可以使用各種機械,而無需承擔財務負擔,從而降低財務風險,並允許他們根據特定項目的需求來擴展工作。此外,建築設備售後市場的成長也進一步推動了市場的發展,提供必要的維護、零件和服務,以延長機械的使用壽命和性能。這些因素共同推動工程機械市場的擴張。

據聯合國稱,到 2050 年,世界人口的 68% 將居住在城市地區,高於 2018 年的 55%。Global Infrastructure Hub預計,到2040年,全球基礎設施投資需求將達到94兆美元,創造對建築設備的持續需求。美國租賃協會(ARA)預測,2021年北美租賃業將成長3.8%,達到約502億美元。

物聯網、人工智慧和遠端資訊處理等技術的整合正在推動市場成長。許多政府正在大力投資基礎設施以刺激經濟成長。例如,2021年11月簽署生效的美國《基礎設施投資和就業法案》,在八年內撥款1.2兆美元用於基礎設施支出,預計將提振建築設備的需求。環境問題正在推動電動和混合動力建築設備的採用。歐洲建築設備委員會(CECE)的報告顯示,儘管發生了疫情,2020年歐洲電動建築設備的銷量仍成長了12%,顯示出更永續設備的強勁趨勢。

環境問題和嚴格的排放法規將如何阻礙工程機械市場的成長?

工程機械是重要的排放源。根據美國環保署 (EPA) 的數據,非道路柴油引擎(包括建築設備)約占美國移動源 NOx 排放量的 25%,佔移動源柴油 PM2.5 排放量的 44%。對此,許多地區推出了更嚴格的排放標準。例如,2019年至2020年生效的歐盟第五階段排放標準,要求顆粒物排放量比先前的第四階段減少40%。

建築設備的高成本是一個主要障礙,特別是對於中小型建築公司而言。根據美國總承包商協會(AGC)的報告,75%的建築公司表示設備成本與一年前相比增加。報告顯示,64%的企業正在提高設備租賃價格,61%的企業正在提高新建設項目的價格,以適應不斷上漲的設備成本。

先進工程機械缺乏熟練的操作員是市場成長的主要障礙。美國建築商協會 (ABC) 預測,到 2022 年,建築業將需要在正常招聘速度的基礎上額外招聘近 65 萬名工人,以滿足勞動力需求。勞動力短缺可能導致先進設備的利用不足以及建築業新技術採用的延遲。

目錄

第1章簡介

  • 市場定義
  • 市場細分
  • 調查方法

第 2 章執行摘要

  • 主要發現
  • 市場概況
  • 市集亮點

第3章市場概況

  • 市場規模和成長潛力
  • 市場趨勢
  • 市場驅動力
  • 市場制約因素
  • 市場機會
  • 波特五力分析

第4章工程機械市場:依設備類型

  • 土方機械
  • 物料搬運設備
  • 混凝土/築路機械
  • 工程車輛

第5章工程機械市場:依應用分類

  • 房屋建築
  • 商業建築
  • 基礎設施建設
  • 工業建築

第6章工程機械市場:依最終用戶分類

  • 承包商
  • 租賃公司
  • 政府
  • 公共部門

第7章區域分析

  • 北美
  • 美國
  • 加拿大
  • 墨西哥
  • 歐洲
  • 英國
  • 德國
  • 法國
  • 義大利
  • 亞太地區
  • 中國
  • 日本
  • 印度
  • 澳洲
  • 拉丁美洲
  • 巴西
  • 阿根廷
  • 智利
  • 中東/非洲
  • 南非
  • 沙烏地阿拉伯
  • 阿拉伯聯合酋長國

第8章市場動態

  • 市場驅動力
  • 市場制約因素
  • 市場機會
  • COVID-19 的市場影響

第9章 競爭格局

  • 大公司
  • 市場佔有率分析

第10章 公司簡介

  • Caterpillar Inc.(USA)
  • Komatsu Ltd.(Japan)
  • Deere & Company(USA)
  • Hitachi Construction Machinery Co., Ltd.(Japan)
  • Volvo Construction Equipment AB(Sweden)
  • JCB(UK)
  • SANY Heavy Industry Co., Ltd.(China)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd.(China)
  • Doosan Infracore Co., Ltd.(South Korea)
  • Liebherr Group(Switzerland)

第11章市場前景與機遇

  • 新興技術
  • 未來市場趨勢
  • 投資機會

第12章附錄

  • 縮寫表
  • 來源和參考文獻
簡介目錄
Product Code: 8574

Construction Equipment Market Valuation - 2024-2031

Increasing urbanization and infrastructure development. This urbanization trend is driving significant infrastructure development. Thus, the growing infrastructure surge the growth of market size surpassing USD 183.63 Billion in 2024 to reach a valuation of USD 310.83 Billion by 2031.

The rental services are gaining traction. This trend is likely to continue globally, driving demand for construction equipment. Thus, the growth in the rental services market enable the market to grow at aCAGR of 6.80% from 2024 to 2031.

Construction Equipment Market: Definition/ Overview

Construction equipment refers to a diverse range of specialized machinery used in various stages of the construction process, designed to perform tasks far beyond what ordinary tools can handle. These machines are essential workhorses, built to manage complex activities like earthmoving, material handling, lifting, and precision construction operations.

Construction equipment is typically categorized based on function. Earthmoving equipment includes powerful machines like excavators, bulldozers, and loaders, which are crucial for tasks such as site preparation, excavation, trenching, and material transport. Material handling equipment, including cranes, forklifts, and conveyor belts, is designed for efficient lifting, moving, and positioning of materials on construction sites. Another category includes specialized machinery, such as concrete mixers, pavers, and graders, used for specific tasks like concrete pouring, road construction, and asphalt paving, ensuring high precision and efficiency.

Selecting the right construction equipment is vital to the success of any project. Factors such as project scale, type of construction, site conditions, and budget play a key role in determining the ideal equipment mix. By utilizing the appropriate machinery, construction companies can enhance efficiency, maintain safety standards, and deliver high-quality outcomes on time.

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How does the Increasing Demand for Construction Equipment Surge the Growth of the Construction Equipment Market?

Renting equipment has become the preferred choice for many construction companies and contractors due to its cost-effectiveness, flexibility, and lower upfront investment. By opting for rental services, businesses can access a wide range of machinery without the financial burden of ownership, allowing them to scale operations as needed for specific projects while reducing financial risk. Additionally, the growth of the construction equipment aftermarket further fuels the market, providing essential maintenance, parts, and services that enhance equipment longevity and performance. Together, these factors are propelling the expansion of the construction equipment market.

According to the United Nations, 68% of the world's population is projected to live in urban areas by 2050, up from 55% in 2018. The Global Infrastructure Hub estimates that global infrastructure investment needs will reach USD 94 Trillion by 2040, creating sustained demand for construction equipment. The American Rental Association (ARA) forecasts that the equipment rental industry in North America will grow by 3.8% in 2021 to reach nearly USD 50.2 Billion.

The integration of technologies like IoT, AI, and telematics is driving market growth. Many governments are investing heavily in infrastructure to stimulate economic growth. For instance, the U.S. Infrastructure Investment and Jobs Act, signed into law in November 2021, allocates USD 1.2 Trillion for infrastructure spending over eight years, which is expected to boost demand for construction equipment. Environmental concerns are driving the adoption of electric and hybrid construction equipment. The European Construction Equipment Committee (CECE) reports that in 2020, despite the pandemic, the sale of electric construction equipment in Europe grew by 12%, indicating a strong trend towards more sustainable equipment.

How the Environmental Concerns and Stringent Emission Regulations Impede the Growth of the Construction Equipment Market?

The construction equipment is a significant source of emissions. According to the U.S. Environmental Protection Agency (EPA), non-road diesel engines, including construction equipment, account for approximately 25% of mobile-source NOx emissions and 44% of mobile-source diesel PM2.5 emissions in the United States. In response, many regions are implementing strict emission standards. For instance, the European Union's Stage V emission standards, which came into effect in 2019-2020, require a 40% reduction in particulate matter emissions compared to the previous Stage IV standards.

The high cost of construction equipment can be a significant barrier, especially for small and medium-sized construction companies. According to a report by the Associated General Contractors of America (AGC), 75% of construction firms report that the cost of equipment has increased compared to a year ago. The same report indicates that 64% of firms are increasing equipment rental rates, and 61% are increasing the rates they charge for new construction projects to cope with rising equipment costs.

The lack of skilled operators for advanced construction equipment is a significant restraint on market growth. The Associated Builders and Contractors (ABC) estimates that the construction industry will need to attract nearly 650,000 additional workers on top of the normal pace of hiring in 2022 to meet the demand for labor. This shortage can lead to underutilization of advanced equipment and slower adoption of new technologies in the construction sector.

Category-Wise Acumens

How does the Growing Demand for Cranes and Automated Guided Vehicles (AGVs) Surge the Growth of the Material Handling Equipment Segment?

The material handling equipment segment dominates the construction equipment market, driven by the increasing demand for cranes, automated guided vehicles (AGVs), forklift trucks, and telescopic handlers across various industries. These machines are essential for handling heavy construction materials and products, particularly in sectors like construction, warehousing, and logistics. The growing need for efficient material transportation and lifting solutions in large-scale infrastructure projects and warehouses is a key factor contributing to the expansion of this segment.

Cranes, AGVs, forklift trucks, and telescopic handlers are fundamental material handling machines, widely used in both construction and warehouse operations. Their versatility in managing heavy loads, enhancing productivity, and ensuring safety makes them indispensable across multiple sectors. Forklift trucks and AGVs are essential in warehousing applications, where they streamline material transport and storage processes, while cranes and telescopic handlers are crucial for lifting and placing heavy materials in construction projects.

As industries increasingly focus on optimizing operational efficiency and reducing labor costs, the demand for material handling equipment is expected to grow further. This segment's dominance in the construction equipment market is also supported by technological advancements, such as automation and telematics, which enhance equipment performance and safety, ensuring continued growth in the coming years.

How the Increasing Investment by Government and Private Corporations Accelerates the Growth of the Infrastructure Construction Segment?

The infrastructure construction segment dominates the construction equipment market, driven by increasing investments from governments and private corporations worldwide. Governments are prioritizing modern, efficient infrastructure, leading to heightened public spending on critical projects such as roads, bridges, railways, and power plants. Simultaneously, private firms, especially in sectors like renewable energy and telecommunications, are pouring resources into infrastructure development.

Urbanization further fuels this demand, as cities expand and require updated infrastructure, such as public transit systems, sewage networks, and waste management facilities. These large-scale projects rely on specialized machinery for excavation, material handling, and concrete pouring, resulting in substantial demand for construction equipment in the infrastructure sector. Additionally, many countries face the challenge of aging infrastructure in need of repair, replacement, or modernization.

Moreover, evolving safety standards necessitate updates to existing infrastructure, driving the need for advanced and specialized construction equipment. As governments and private investors continue to focus on large-scale infrastructure projects, the infrastructure construction segment is expected to maintain its dominant position in the global construction equipment market.

Country/Region-wise Acumens

How does the Rapid Urbanization and Infrastructure Development Surge the Growth of the Construction Equipment Market in the Asia Pacific?

Asia Pacific substantially dominates in the construction equipment market driven by the Asia Pacific region experiencing unprecedented urban growth, driving demand for construction equipment. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the urban population in Asia and the Pacific is expected to grow from 2.3 billion in 2019 to 3.5 billion by 2050. This urbanization trend is fueling massive infrastructure projects. For instance, China's Belt and Road Initiative is expected to invest over USD 1 Trillion in infrastructure projects across Asia and beyond, as reported by the World Bank.

Many Asian countries are significantly increasing their infrastructure spending. For example, India's Union Budget 2021-2022 allocated INR 5.54 trillion (approximately USD 75 Billion) for capital expenditure, with a significant portion dedicated to infrastructure development. This represents a 34.5% increase from the previous year. Similarly, the Asian Development Bank (ADB) estimates that developing Asia will need to invest USD 1.7 Trillion per year in infrastructure until 2030 to maintain its growth momentum, tackle poverty, and respond to climate change.

The construction industry in Asia Pacific is witnessing robust growth. According to a report by Oxford Economics, construction output in the Asia Pacific region is forecast to grow by 5.3% in 2021 and average 4.6% per year over the rest of the decade to 2030. This growth is significantly higher than the global average and is expected to account for 40% of global construction output by 2030. China alone is projected to add USD 2.1 Trillion to its construction output between 2020 and 2030.

How does the Increasing Investment in Infrastructure and Construction Projects Escalate the Growth of the Construction Equipment Market in Europe?

Europe is anticipated to witness the fastest growth in the construction equipment market during the forecast period. Europe is witnessing significant investment in infrastructure and construction projects, driving demand for construction equipment. According to the European Construction Industry Federation (FIEC), the total construction output in the EU reached €1.64 trillion in 2021, an increase of 5.8% compared to 2020. The European Commission's Recovery and Resilience Facility, part of the Next Generation EU program, is set to provide €723.8 billion in loans and grants to support reforms and investments in EU countries, with a significant portion allocated to infrastructure and construction projects.

Europe is leading the way in sustainable construction practices, which is driving demand for advanced and eco-friendly construction equipment. The European Commission reports that buildings are responsible for about 40% of the EU's energy consumption and 36% of greenhouse gas emissions. To address this, the EU has set a target to renovate 35 million buildings by 2030. This renovation wave is expected to create 160,000 additional green jobs in the construction sector, boosting demand for modern, energy-efficient construction equipment.

Competitive Landscape

The competitive landscape of the Construction Equipment Market is characterized by a combination of established global players and regional competitors. The market is driven by product innovation, geographical expansion, strategic partnerships, and a focus on customer needs. The growing adoption of automation, technology, and sustainable practices presents significant opportunities for market participants.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the construction equipment market include:

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • XCMG
  • Deere & Company
  • Sany
  • Volvo Construction Equipment
  • Liebherr
  • JCB
  • CNH Industrial

Latest Developments:

  • In June 2023, Caterpillar Inc. announced the launch of the new Cat 995 Wheel Loader, which boasts a 19% increase in productivity and 13% lower hourly fuel usage than the previous model. This emphasis on efficiency gains reflects a trend in the construction equipment sector.
  • In February 2023, Volvo Construction Equipment (Volvo CE) entered the Indian electric compact excavator market launching the EC55 electric excavator at the ConExpo India trade event.
  • In September 2022, Komatsu Ltd. announced a collaboration with Cummins Inc. to create zero-emission haulage equipment. This relationship between a leading construction equipment manufacturer and a significant engine production represents a critical step toward achieving carbon neutrality in the construction industry.

TABLE OF CONTENTS

1. Introduction

  • Market Definition
  • Market Segmentation
  • Research Methodology

2. Executive Summary

  • Key Findings
  • Market Overview
  • Market Highlights

3. Market Overview

  • Market Size and Growth Potential
  • Market Trends
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Porter's Five Forces Analysis

4. Construction Equipment Market, By Equipment Type

  • Earthmoving Equipment
  • Material Handling Equipment
  • Concrete and Road Construction Equipment
  • Construction Vehicles

5. Construction Equipment Market, By Application

  • Residential Construction
  • Commercial Construction
  • Infrastructure Construction
  • Industrial Construction

6. Construction Equipment Market, By End-User

  • Contractors
  • Rental Companies
  • Government
  • Public Sector

7. Regional Analysis

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Latin America
  • Brazil
  • Argentina
  • Chile
  • Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE

8. Market Dynamics

  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Impact of COVID-19 on the Market

9. Competitive Landscape

  • Key Players
  • Market Share Analysis

10. Company Profiles

  • Caterpillar Inc. (USA)
  • Komatsu Ltd. (Japan)
  • Deere & Company (USA)
  • Hitachi Construction Machinery Co., Ltd. (Japan)
  • Volvo Construction Equipment AB (Sweden)
  • JCB (UK)
  • SANY Heavy Industry Co., Ltd. (China)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd. (China)
  • Doosan Infracore Co., Ltd. (South Korea)
  • Liebherr Group (Switzerland)

11. Market Outlook and Opportunities

  • Emerging Technologies
  • Future Market Trends
  • Investment Opportunities

12. Appendix

  • List of Abbreviations
  • Sources and References