Market Overview:
The global engineering vehicle market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for construction and infrastructure development activities across the globe. Additionally, the increasing demand for military vehicles due to rising security concerns is also propelling the growth of this market. The global engineering vehicle market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into bulldozers, cranes, dump trucks,, and others. The bulldozers segment is expected to hold a major share in terms of revenue in 2018 owing to their widespread use in various construction and infrastructure development activities across different regions globally. However, over time there has been an increase in adoption rates for other types such as cranes and dump trucks which are likelyto witness higher growth rates duringthe forecast period from2018-2030 .
Product Definition:
An engineering vehicle, sometimes called a construction vehicle, is a type of vehicle that is used for engineering or construction purposes. These vehicles are typically large and powerful, and they are used to move heavy objects or equipment around the worksite. They can also be used to help with excavation tasks or to smooth out the ground.
Bulldozers:
The global bulldozers market size was valued at USD 7.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period, to reach USD 11.4 billion by 2026. The growth can be attributed to increasing construction activities across the globe, especially in emerging economies such as China and India due to rapid urbanization & industrialization coupled with strong economic growth witnessed thereon since 2015-16 financial year (FY).
Cranes:
Cranes are lifting devices that are widely used in engineering vehicles. They help in carrying heavy loads at a lower risk and cost. Cranes can be classified into two types: fixed cranes and telescopic cranes. The basic function of both the types is to provide support for objects from one or more points to another without any movement of the object itself.
Application Insights:
Building application segment accounted for the largest share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. The growing construction industry across various regions, including North America, Europe, Asia Pacific and Middle East & Africa is anticipated to propel product demand in near future. In addition, steady growth of residential as well as non-residential construction sectors across developing countries such as India and China are likely to provide positive scope for market growth during the forecast period.
Road application segment was estimated at USD 37 billion in 2017 owing to increasing use of engineering vehicles such as dump trucks along with road projects on a global level since past few years which has increased their utilization rate significantly on a global scale since then which will boost market size further down the line. Moreover, increasing government expenditure towards road projects especially within European region will provide positive scope for market development during next seven years or so till 2030 AD (Ahead Date).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Rapid industrialization coupled with increasing infrastructure activities in these countries has led to a significant demand for heavy-duty commercial vehicles. This factor will also contribute toward regional growth over the next eight years.
The Asia Pacific was followed by Europe which accounted for just above 25% of total revenue share in 2017 owing to stringent emission norms implemented across most of European countries since 2010 (Euro 6) or 2015 (Euro 4). In addition, growing military spending by several nations including Russia and France are likely to boost product demand across this region during the forecast period. North America occupied a small market share due to lack of product availability at suitable prices for local requirements despite high demand from end-users such as construction companies or mining firms operating within U.S.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing popularity of electric and hybrid vehicles
- Proliferation of autonomous driving technology
- Rising demand for luxury cars and SUVs
- Emergence of new transportation modes (e.g., ride-sharing, car-sharing)
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineering Vehicle Market Research Report
By Type
Bulldozers, Cranes, Dump Trucks, Others
By Application
Building, Road, Military, Others
By Companies
Caterpillar, Komatsu, Deere, Doosan, Volvo Construction Equipment, Babcock Vehicle Engineering, Whelen Engineering, Sany, XCMG, KION Group, Hyster-Yale, Jungheinrich, Konecranes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Engineering Vehicle Market Report Segments:
The global Engineering Vehicle market is segmented on the basis of:
Types
Bulldozers, Cranes, Dump Trucks, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building, Road, Military, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Caterpillar
- Komatsu
- Deere
- Doosan
- Volvo Construction Equipment
- Babcock Vehicle Engineering
- Whelen Engineering
- Sany
- XCMG
- KION Group
- Hyster-Yale
- Jungheinrich
- Konecranes
Highlights of The Engineering Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bulldozers
- Cranes
- Dump Trucks
- Others
- By Application:
- Building
- Road
- Military
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engineering Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engineering Vehicle is a company that designs and manufactures high-performance electric vehicles.
Some of the key players operating in the engineering vehicle market are Caterpillar, Komatsu, Deere, Doosan, Volvo Construction Equipment, Babcock Vehicle Engineering, Whelen Engineering, Sany, XCMG, KION Group, Hyster-Yale, Jungheinrich, Konecranes.
The engineering vehicle market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Vehicle Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engineering Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engineering Vehicle Market - Supply Chain
4.5. Global Engineering Vehicle Market Forecast
4.5.1. Engineering Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engineering Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engineering Vehicle Market Absolute $ Opportunity
5. Global Engineering Vehicle Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engineering Vehicle Market Size and Volume Forecast by Type
5.3.1. Bulldozers
5.3.2. Cranes
5.3.3. Dump Trucks
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engineering Vehicle Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engineering Vehicle Market Size and Volume Forecast by Application
6.3.1. Building
6.3.2. Road
6.3.3. Military
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engineering Vehicle Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engineering Vehicle Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engineering Vehicle Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engineering Vehicle Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engineering Vehicle Demand Share Forecast, 2019-2029
9. North America Engineering Vehicle Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engineering Vehicle Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engineering Vehicle Market Size and Volume Forecast by Application
9.4.1. Building
9.4.2. Road
9.4.3. Military
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engineering Vehicle Market Size and Volume Forecast by Type
9.7.1. Bulldozers
9.7.2. Cranes
9.7.3. Dump Trucks
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engineering Vehicle Demand Share Forecast, 2019-2029
10. Latin America Engineering Vehicle Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engineering Vehicle Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engineering Vehicle Market Size and Volume Forecast by Application
10.4.1. Building
10.4.2. Road
10.4.3. Military
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engineering Vehicle Market Size and Volume Forecast by Type
10.7.1. Bulldozers
10.7.2. Cranes
10.7.3. Dump Trucks
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engineering Vehicle Demand Share Forecast, 2019-2029
11. Europe Engineering Vehicle Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engineering Vehicle Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engineering Vehicle Market Size and Volume Forecast by Application
11.4.1. Building
11.4.2. Road
11.4.3. Military
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engineering Vehicle Market Size and Volume Forecast by Type
11.7.1. Bulldozers
11.7.2. Cranes
11.7.3. Dump Trucks
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Prjections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engineering Vehicle Demand Share, 2019-2029
12. Asia Pacific Engineering Vehicle Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engineering Vehicle Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engineering Vehicle Market Size and Volume Forecast by Application
12.4.1. Building
12.4.2. Road
12.4.3. Military
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engineering Vehicle Market Size and Volume Forecast by Type
12.7.1. Bulldozers
12.7.2. Cranes
12.7.3. Dump Trucks
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engineering Vehicle Demand Share, 2019-2029
13. Middle East & Africa Engineering Vehicle Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engineering Vehicle Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engineering Vehicle Market Size and Volume Forecast by Application
13.4.1. Building
13.4.2. Road
13.4.3. Military
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engineering Vehicle Market Size and Volume Forecast by Type
13.7.1. Bulldozers
13.7.2. Cranes
13.7.3. Dump Trucks
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engineering Vehicle Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Engineering Vehicle Market: Market Share Analysis
14.2. Engineering Vehicle Distributors and Customers
14.3. Engineering Vehicle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Caterpillar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Komatsu
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Deere
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Doosan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Volvo Construction Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Babcock Vehicle Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Whelen Engineering
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sany
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. XCMG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KION Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hyster-Yale
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jungheinrich
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Konecranes
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
