Robust Growth Ahead: Construction Equipment Market Expected to Reach 3.01% CAGR by 2030

A Quick Overview of Construction Equipment Market

The key object of this report on the Construction Equipment Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Construction Equipment Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Construction Equipment Market Scenario:

The Global Construction Equipment Market is valued at USD 156 billion in 2023 and is estimated to grow at a CAGR of around 3.01% during the forecast period, i.e., 2024-30. The market is primarily fueled by the exponential growth in the global population and an increasing focus by governments on infrastructure development to support & accommodate the needs of their citizens. Additionally, there is a rapid escalation in construction activities, leading to a heightened demand for a variety of construction equipment.

Construction Equipment Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

Market Driver - Growing Infrastructural Development Projects Worldwide

With the rapid upgrade in the number of developmental projects across different countries across the world, various private companies & governments are augmenting the demand for construction equipment for the development & construction of commercial & residential buildings. Moreover, countries like the US, China, and India, among others, are investing substantially in public infrastructure developments & exemplifying an accelerating demand for this equipment to facilitate tasks efficiently. In addition, snowballing the number of smart city projects is another crucial aspect contributing to the growing demand for construction equipment & stimulating the overall Construction Equipment Market expansion through 2030.

Construction Equipment Market Segmentation Analysis:

Construction Equipment Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type of Equipment

Earthmoving Equipment - Market Size & Forecast 2019-2030, (Thousand Units)
- Excavator- Market Size & Forecast 2019-2030, (Thousand Units)
- Loaders - Market Size & Forecast 2019-2030, (Thousand Units)
- Bulldozers - Market Size & Forecast 2019-2030, (Thousand Units)
- Skid Steer Loaders- Market Size & Forecast 2019-2030, (Thousand Units)
- Motor Graders- Market Size & Forecast 2019-2030, (Thousand Units)
- Crawler Loader- Market Size & Forecast 2019-2030, (Thousand Units)
- Trenchers- Market Size & Forecast 2019-2030, (Thousand Units)
- Dump trucks- Market Size & Forecast 2019-2030, (Thousand Units)
- Others- Market Size & Forecast 2019-2030, (Thousand Units)
Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Cranes- Market Size & Forecast 2019-2030, (Thousand Units)
- Forklift- Market Size & Forecast 2019-2030, (Thousand Units)
- Tipper- Market Size & Forecast 2019-2030, (Thousand Units)
- Others- Market Size & Forecast 2019-2030, (Thousand Units)
Other Construction Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
- Road Roller -Market Size & Forecast 2019-2030, (Thousand Units)
- Diesel Generator-Market Size & Forecast 2019-2030, (Thousand Units)
- Others Market Size & Forecast 2019-2030, (Thousand Units)

By Application

Power & Utilities- Market Size & Forecast 2019-2030, (Thousand Units)
Mining - Market Size & Forecast 2019-2030, (Thousand Units)
Hospitality- Market Size & Forecast 2019-2030, (Thousand Units)
Residential- Market Size & Forecast 2019-2030, (Thousand Units)
Healthcare & Educational- Market Size & Forecast 2019-2030, (Thousand Units)
Roads & Highway- Market Size & Forecast 2019-2030, (Thousand Units)
Manufacturing Units- Market Size & Forecast 2019-2030, (Thousand Units)
Other- Market Size & Forecast 2019-2030, (Thousand Units)

By Power Output

Less than 100 HP- Market Size & Forecast 2019-2030, (Thousand Units)
101-200 HP- Market Size & Forecast 2019-2030, (Thousand Units)
201-400 HP- Market Size & Forecast 2019-2030, (Thousand Units)
More than 400 HP- Market Size & Forecast 2019-2030, (Thousand Units)

By Propulsion

Diesel- Market Size & Forecast 2019-2030, (Thousand Units)
Gas - Market Size & Forecast 2019-2030, (Thousand Units)
- CNG -Market Size & Forecast 2019-2030, (Thousand Units)
- LPG -Market Size & Forecast 2019-2030, (Thousand Units)
Electric- Market Size & Forecast 2019-2030, (Thousand Units)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Construction Equipment Market?

In the fast-changing Construction Equipment Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Construction Equipment market ruling the industry are:

List of Key Companies Profiled:

Caterpillar
Volvo
Komatsu
CNH Industrial
Liebherr
Hitachi Construction
John Deere
Dooson
JCB
Terex
CEAT Limited
Others.

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