Market Overview:
The global heavy 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 equipment in construction, mining, and agriculture applications. North America is expected to lead the market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Heavy equipment refers to any type of machinery or equipment that is large and used for construction purposes. This includes bulldozers, cranes, excavators, and loaders. Heavy equipment is important for construction because it can help to move large amounts of earth or other materials quickly and easily.
Excavators:
Excavators are used for various operations such as digging, loading and unloading, grading and paving. Excavator sales have been growing at a steady pace since the last decade with an increase in construction activities across the globe. The heavy equipment market is expected to grow substantially over the forecast period owing to increased government spending on infrastructure development projects especially in emerging economies of India and China.
Wheel Loaders:
Wheeled loader is a self-propelled heavy equipment used for construction, mining and agricultural applications. It is also known as wheeled excavator or road roller. The global heavy equipment market is expected to grow at a significant rate owing to the increasing demand from infrastructure development such as roads, airports, railways and housing societies across the world.
Application Insights:
The construction segment accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the increasing infrastructure activities across the globe. The demand for heavy equipment is witnessing a rise due to an increase in residential and commercial construction activities, which require large scale excavation and crushing of stones, gravel and concrete slabs. Moreover, rapid urbanization along with rising population has led to increased demand for housing projects that are likely to propel product demand over the forecast period.
The agriculture segment is expected register a CAGR of XX% from 2018 to 2030 owingto technological advancements coupled with improved farming techniques such as use of advanced machinery & tools including tillers & cultivators that help farmers produce more crops per year resulting into higher farm productivity thereby driving market growth over forecast period.
Regional Analysis:
Asia Pacific dominated the global heavy equipment market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for construction and mining equipment in countries, such as China, India, Japan, and Australia. In addition, rising government initiatives for infrastructure development are anticipated to drive the demand for heavy machinery across Asia Pacific.
The European market is projected to register a CAGR of XX% from 2018 to 2030 owing an increase in defense spending by NATO countries including Germany and France among others which will boost product sales across Europe.
Growth Factors:
- Increasing demand for construction and infrastructure projects across the globe
- Growing urbanization and industrialization in developing countries
- Proliferation of rental services for heavy equipment
- Technological advancements that improve efficiency and safety of equipment
- Rising awareness about the benefits of using heavy equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Equipment Market Research Report
By Type
Excavators, Wheel Loaders, Bulldozers, Dump Truck, Others
By Application
Construction, Mining, Agriculture
By Companies
Caterpillar, John Deere, KOMATSU, CNH Industrial, Kubota, Hitachi, Volvo, Liebherr, Daimler, Doosan, SANY Group, JCB, Terex, Zoomlion, Liugong, Weichai, Sinotruk
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Equipment Market Report Segments:
The global Heavy Equipment market is segmented on the basis of:
Types
Excavators, Wheel Loaders, Bulldozers, Dump Truck, 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
Construction, Mining, Agriculture
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
- John Deere
- KOMATSU
- CNH Industrial
- Kubota
- Hitachi
- Volvo
- Liebherr
- Daimler
- Doosan
- SANY Group
- JCB
- Terex
- Zoomlion
- Liugong
- Weichai
- Sinotruk
Highlights of The Heavy 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:
- Excavators
- Wheel Loaders
- Bulldozers
- Dump Truck
- Others
- By Application:
- Construction
- Mining
- Agriculture
- 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 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.
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?
Heavy equipment is a term used to describe any type of machinery or vehicle that is large and requires a lot of effort to operate. This can include construction equipment, mining vehicles, and heavy trucks.
Some of the major companies in the heavy equipment market are Caterpillar, John Deere, KOMATSU, CNH Industrial, Kubota, Hitachi, Volvo, Liebherr, Daimler, Doosan, SANY Group, JCB, Terex, Zoomlion, Liugong, Weichai, Sinotruk.
The heavy equipment 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. Heavy 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 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 Equipment Market - Supply Chain
4.5. Global Heavy Equipment Market Forecast
4.5.1. Heavy Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heavy Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heavy Equipment Market Absolute $ Opportunity
5. Global Heavy 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 Equipment Market Size and Volume Forecast by Type
5.3.1. Excavators
5.3.2. Wheel Loaders
5.3.3. Bulldozers
5.3.4. Dump Truck
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heavy 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 Equipment Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Mining
6.3.3. Agriculture
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heavy 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 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 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 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 Equipment Demand Share Forecast, 2019-2026
9. North America Heavy 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 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 Equipment Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Mining
9.4.3. Agriculture
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heavy Equipment Market Size and Volume Forecast by Type
9.7.1. Excavators
9.7.2. Wheel Loaders
9.7.3. Bulldozers
9.7.4. Dump Truck
9.7.5. 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 Equipment Demand Share Forecast, 2019-2026
10. Latin America Heavy 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 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 Equipment Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Mining
10.4.3. Agriculture
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heavy Equipment Market Size and Volume Forecast by Type
10.7.1. Excavators
10.7.2. Wheel Loaders
10.7.3. Bulldozers
10.7.4. Dump Truck
10.7.5. 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 Equipment Demand Share Forecast, 2019-2026
11. Europe Heavy 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 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 Equipment Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Mining
11.4.3. Agriculture
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heavy Equipment Market Size and Volume Forecast by Type
11.7.1. Excavators
11.7.2. Wheel Loaders
11.7.3. Bulldozers
11.7.4. Dump Truck
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
119. 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 Equipment Demand Share, 2019-2026
12. Asia Pacific Heavy 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 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 Equipment Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Mining
12.4.3. Agriculture
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heavy Equipment Market Size and Volume Forecast by Type
12.7.1. Excavators
12.7.2. Wheel Loaders
12.7.3. Bulldozers
12.7.4. Dump Truck
12.7.5. 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 Equipment Demand Share, 2019-2026
13. Middle East & Africa Heavy 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 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 Equipment Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Mining
13.4.3. Agriculture
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heavy Equipment Market Size and Volume Forecast by Type
13.7.1. Excavators
13.7.2. Wheel Loaders
13.7.3. Bulldozers
13.7.4. Dump Truck
13.7.5. 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 Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heavy Equipment Market: Market Share Analysis
14.2. Heavy Equipment Distributors and Customers
14.3. Heavy Equipment 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. John Deere
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KOMATSU
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CNH Industrial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kubota
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volvo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Liebherr
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Daimler
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Doosan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SANY Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JCB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Terex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zoomlion
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Liugong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Weichai
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sinotruk
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
