Market Overview:
The global heavy duty equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heavy duty equipment from various end-use industries such as manufacturing, power, rail, oil & gas, construction and others. Additionally, the growing infrastructure development activities across the globe are also fueling the demand for heavy duty equipment. On basis of type, track-type equipment held a major share of the global heavy duty equipment market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their high efficiency and productivity in various applications such as mining and construction industry.
Product Definition:
Heavy duty equipment is any type of machinery or tool that is built to handle especially heavy loads or resist wear and tear. These pieces of equipment are important for a variety of reasons, including their ability to make tasks easier and faster, as well as increase safety and precision. Some common examples of heavy duty equipment include bulldozers, tractors, excavators, cranes, and forklifts.
Track-type:
Track-type is a rail-based system that provides guidance to the vehicles. It's major application includes trailers and trucks on flat or level surface. The Track-type systems are available in two different forms including single rail track and double rail track. The single rail type has one guide bar for each tire while the double rail type has two guide bars, which provide additional stability to heavy vehicles on uneven surfaces such as snow, ice or sand.
Grader:
The grader is a tool used to spread or apply grading material on the ground such as sand, gravel, or crushed stone. The graders are widely used in construction projects and public works for smoothing and leveling the surface of the land.
Construction industry has witnessed significant growth over past few years owing to increasing infrastructural developments across various regions globally. This trend is expected to continue over next seven years thereby driving heavy-duty equipment market including graders.
Application Insights:
The manufacturing application segment led the global heavy-duty equipment market and accounted for more than 30.0% share of the overall revenue in 2017. The growth can be attributed to increasing demand for construction and mining equipment across emerging economies including China, India, Brazil, Mexico and South Africa. In addition to being one of the largest markets globally, China is also one of the largest markets for manufacturers in this sector with a wide range of offerings ranging from heavy-duty trucks to construction machinery & toolsets.
The power application segment is expected witness significant growth over the forecast period owing to rising electricity generation capacities across various countries including Brazil, Indonesia Russia Saudi Arabia Turkey etc., coupled with growing industrialization & urbanization activities resulting in increased demand for electrical power generation infrastructure development across developing nations such as India Bangladesh Thailand etc., which will further propel industry expansion over next few years.
Regional Analysis:
Asia Pacific dominated the global heavy duty equipment market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in infrastructure development coupled with rising demand for heavy-duty trucks from developing countries such as India, China, and Japan. Furthermore, favorable government regulations aimed at promoting manufacturing activities are anticipated to drive product demand over the next eight years.
The Asia Pacific region is characterized by a large number of manufacturers who export most of their products to North America and Europe regions. However, stringent regulations regarding exhaust emission coupled with growing awareness about road safety are likely to result in increased production of medium-sized diesel engines which will have a positive impact on industry growth over the coming years.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from end-user industries such as construction and oil & gas sectors that require heavy machinery for carrying out various tasks efficiently at minimal cost per hour worked (COPH).
Growth Factors:
- Increasing demand for construction and infrastructure projects across the globe
- Rising disposable income of consumers in developing countries
- Proliferation of rental services for heavy equipment
- Technological advancements in heavy equipment manufacturing industry
- Growing awareness about the benefits of using heavy duty equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Duty Equipment Market Research Report
By Type
Track-type, Grader, Pipelayer, Scraper, Loader, Others
By Application
Manufacturing, Power, Rail, Oil & Gas, Construction, Others
By Companies
Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth, Navistar, Nissan, Oshkosh Corporation, Paccar, Peterbilt, ScaniaAB, Tata Motors, Toyota, Volkswagen, Volvo, China National Heavy Duty
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Duty Equipment Market Report Segments:
The global Heavy Duty Equipment market is segmented on the basis of:
Types
Track-type, Grader, Pipelayer, Scraper, Loader, 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
Manufacturing, Power, Rail, Oil & Gas, Construction, 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:
- Daimler
- Dongfeng
- Eicher Motors
- FCA
- Ford Motor Company
- Freightliner
- General Motors
- Kenworth
- Navistar
- Nissan
- Oshkosh Corporation
- Paccar
- Peterbilt
- ScaniaAB
- Tata Motors
- Toyota
- Volkswagen
- Volvo
- China National Heavy Duty
Highlights of The Heavy Duty Equipment 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:
- Track-type
- Grader
- Pipelayer
- Scraper
- Loader
- Others
- By Application:
- Manufacturing
- Power
- Rail
- Oil & Gas
- Construction
- 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 Heavy Duty Equipment 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.
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- Correctly Positioning New Products
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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?
Heavy duty equipment is a type of equipment that is designed to be used in harsh environments. This includes things like construction equipment, mining machinery, and agricultural equipment.
Some of the key players operating in the heavy duty equipment market are Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth, Navistar, Nissan, Oshkosh Corporation, Paccar, Peterbilt, ScaniaAB, Tata Motors, Toyota, Volkswagen, Volvo, China National Heavy Duty.
The heavy duty equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heavy Duty Equipment 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. Heavy Duty Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heavy Duty Equipment Market - Supply Chain
4.5. Global Heavy Duty Equipment Market Forecast
4.5.1. Heavy Duty Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Duty Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Duty Equipment Market Absolute $ Opportunity
5. Global Heavy Duty Equipment 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. Heavy Duty Equipment Market Size and Volume Forecast by Type
5.3.1. Track-type
5.3.2. Grader
5.3.3. Pipelayer
5.3.4. Scraper
5.3.5. Loader
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy Duty Equipment 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. Heavy Duty Equipment Market Size and Volume Forecast by Application
6.3.1. Manufacturing
6.3.2. Power
6.3.3. Rail
6.3.4. Oil & Gas
6.3.5. Construction
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy Duty Equipment 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. Heavy Duty Equipment 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 Heavy Duty Equipment 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. Heavy Duty Equipment 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 Heavy Duty Equipment Demand Share Forecast, 2019-2026
9. North America Heavy Duty Equipment 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 Heavy Duty Equipment 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 Heavy Duty Equipment Market Size and Volume Forecast by Application
9.4.1. Manufacturing
9.4.2. Power
9.4.3. Rail
9.4.4. Oil & Gas
9.4.5. Construction
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Duty Equipment Market Size and Volume Forecast by Type
9.7.1. Track-type
9.7.2. Grader
9.7.3. Pipelayer
9.7.4. Scraper
9.7.5. Loader
9.7.6. 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 Heavy Duty Equipment Demand Share Forecast, 2019-2026
10. Latin America Heavy Duty Equipment 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 Heavy Duty Equipment 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 Heavy Duty Equipment Market Size and Volume Forecast by Application
10.4.1. Manufacturing
10.4.2. Power
10.4.3. Rail
10.4.4. Oil & Gas
10.4.5. Construction
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Duty Equipment Market Size and Volume Forecast by Type
10.7.1. Track-type
10.7.2. Grader
10.7.3. Pipelayer
10.7.4. Scraper
10.7.5. Loader
10.7.6. 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 Heavy Duty Equipment Demand Share Forecast, 2019-2026
11. Europe Heavy Duty Equipment 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 Heavy Duty Equipment 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 Heavy Duty Equipment Market Size and Volume Forecast by Application
11.4.1. Manufacturing
11.4.2. Power
11.4.3. Rail
11.4.4. Oil & Gas
11.4.5. Construction
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Duty Equipment Market Size and Volume Forecast by Type
11.7.1. Track-type
11.7.2. Grader
11.7.3. Pipelayer
11.7.4. Scraper
11.7.5. Loader
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections 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 Heavy Duty Equipment Demand Share, 2019-2026
12. Asia Pacific Heavy Duty Equipment 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 Heavy Duty Equipment 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 Heavy Duty Equipment Market Size and Volume Forecast by Application
12.4.1. Manufacturing
12.4.2. Power
12.4.3. Rail
12.4.4. Oil & Gas
12.4.5. Construction
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Duty Equipment Market Size and Volume Forecast by Type
12.7.1. Track-type
12.7.2. Grader
12.7.3. Pipelayer
12.7.4. Scraper
12.7.5. Loader
12.7.6. 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 Heavy Duty Equipment Demand Share, 2019-2026
13. Middle East & Africa Heavy Duty Equipment 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 Heavy Duty Equipment 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 Heavy Duty Equipment Market Size and Volume Forecast by Application
13.4.1. Manufacturing
13.4.2. Power
13.4.3. Rail
13.4.4. Oil & Gas
13.4.5. Construction
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Duty Equipment Market Size and Volume Forecast by Type
13.7.1. Track-type
13.7.2. Grader
13.7.3. Pipelayer
13.7.4. Scraper
13.7.5. Loader
13.7.6. 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 Heavy Duty Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Duty Equipment Market: Market Share Analysis
14.2. Heavy Duty Equipment Distributors and Customers
14.3. Heavy Duty Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daimler
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dongfeng
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eicher Motors
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FCA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ford Motor Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Freightliner
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. General Motors
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kenworth
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Navistar
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nissan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Oshkosh Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Paccar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Peterbilt
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ScaniaAB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tata Motors
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Toyota
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Volkswagen
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Volvo
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. China National Heavy Duty
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
