Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Heavy Equipment Market by Type (Excavators, Wheel Loaders, Bulldozers, Dump Truck, Others), By Application (Construction, Mining, Agriculture) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Heavy Equipment Market by Type (Excavators, Wheel Loaders, Bulldozers, Dump Truck, Others), By Application (Construction, Mining, Agriculture) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156409 3300 Machinery & Equipment 377 232 Pages 4.8 (34)

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.

Global Heavy Equipment Industry Outlook

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 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Caterpillar
  2. John Deere
  4. CNH Industrial
  5. Kubota
  6. Hitachi
  7. Volvo
  8. Liebherr
  9. Daimler
  10. Doosan
  11. SANY Group
  12. JCB
  13. Terex
  14. Zoomlion
  15. Liugong
  16. Weichai
  17. Sinotruk

Global Heavy Equipment Market Overview

Highlights of The Heavy Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Excavators
    2. Wheel Loaders
    3. Bulldozers
    4. Dump Truck
    5. Others
  1. By Application:

    1. Construction
    2. Mining
    3. Agriculture
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Heavy Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. John Deere Overview Financials Developments Strategic Outlook
      14.4.3. KOMATSU Overview Financials Developments Strategic Outlook
      14.4.4. CNH Industrial Overview Financials Developments Strategic Outlook
      14.4.5. Kubota Overview Financials Developments Strategic Outlook
      14.4.6. Hitachi Overview Financials Developments Strategic Outlook
      14.4.7. Volvo Overview Financials Developments Strategic Outlook
      14.4.8. Liebherr Overview Financials Developments Strategic Outlook
      14.4.9. Daimler Overview Financials Developments Strategic Outlook
      14.4.10. Doosan Overview Financials Developments Strategic Outlook
      14.4.11. SANY Group Overview Financials Developments Strategic Outlook
      14.4.12. JCB Overview Financials Developments Strategic Outlook
      14.4.13. Terex Overview Financials Developments Strategic Outlook
      14.4.14. Zoomlion Overview Financials Developments Strategic Outlook
      14.4.15. Liugong Overview Financials Developments Strategic Outlook
      14.4.16. Weichai Overview Financials Developments Strategic Outlook
      14.4.17. Sinotruk Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

Our Trusted Clients

Contact Us