Construction equipment, also known as heavy equipment, are specially designed machinery for performing construction operations in both urban and rural areas. Some of the common type of construction equipment are used for different functions such as drilling, hauling, excavating, paving and grading. These equipments helps in reducing production cost and decreases working time of labours. Construction equipments are widely used in mining, manufacturing, public works, and forestry.

The major factors fuelling the growth of the global construction equipment market include the growing investment in infrastructure activities and rising number of smart city projects across the world. In addition to this, the rising growth in global economy and increasing public-private partnerships across the globe are further expected to drive the growth of global construction equipment market during forecast period. The growing industrialization and commercial & residential infrastructure developments are fuelling the demand of construction equipment in the market. Moreover, the availability of construction equipment on rent or on leases and the emergence of autonomous construction equipment to bring revolution in the construction industry are some other factors that are anticipated to create numerous opportunities for the growth of global construction equipment market in upcoming years. However, factor such as high cost of equipment and lack of standardization are hampering the growth of global construction equipment market.

Based on the region, Asia-Pacific is expected to grow at a higher CAGR during forecast period due to the enhancing social-economic conditions in emerging countries such as China, India, Thailand, and Indonesia. The rising number of government projects such as airports, renewable energy projects, and sewer systems in China and India is further expected to drive the growth of construction equipment market in Asia-Pacific region.

The global construction equipment market has been segmented on the basis of equipment type, equipment category, application, power output, emission regulation stage, propulsion type, aftertreatment device, and key regions. Based on equipment type, the market is segmented into articulated dump truck, asphalt finisher, backhoe loader, crawler dozer, crawler excavator, crawler loader, mini excavators, motor grader, motor scraper and others. Based on equipment category, the market is segmented into earthmoving equipment, material-handling equipment, heavy construction vehicles and others. Based on application, the market is segmented into infrastructure, commercial buildings, residential buildings and industrial buildings. Based on power output, the market is segmented into <100 Hp construction equipment, 101–200 Hp construction equipment, 201–400 Hp construction equipment and >400 Hp construction equipment. Based on emission regulation stage, the market is segmented into stage II, stage III, stage III A, stage III B, stage IV, stage V, stage VI, tier 3, tier 4 and tier 5. On the basis of propulsion type, the market is segmented into diesel, gasoline and CNG/LNG/RNG. On the basis of aftertreatment device, the market is segmented into diesel oxidation catalyst (DOC), diesel particulate filter (DPF), exhaust gas recirculation (EGR) and selective catalytic reduction (SCR).

Some of the major players of global construction equipment market are Caterpillar, Volvo Construction Equipment, Komatsu Ltd., CNH Industrial N.V., Liebherr Group, Hitachi Construction Machinery Co., Ltd., Terex Corporation, Deere & Company, Zoomlion Heavy Industry Science & Technology Co., Ltd. and JCB among others.

Market Segmentation:

Global Construction Equipment Market by Equipment Type

• • Articulated Dump Truck
  • Asphalt Finisher
  • Backhoe Loader
  • Crawler Dozer
  • Crawler Excavator
  • Crawler Loader
  • Mini Excavators
  • Motor Grader
  • Motor Scraper
  • Others

Global Construction Equipment Market by Equipment Category

• • Earthmoving Equipment
  • Material-Handling Equipment
  • Heavy Construction Vehicles
  • Others

Global Construction Equipment Market by Application

• • Infrastructure
  • Commercial Buildings
  • Residential Buildings
  • Industrial Buildings

Global Construction Equipment Market by Power Output

• • <100 Hp Construction Equipment
  • 101–200 Hp Construction Equipment
  • 201–400 Hp Construction Equipment
  • >400 Hp Construction Equipment

Global Construction Equipment Market by Emission Regulation Stage

• • Stage II
  • Stage III
  • Stage III A
  • Stage III B
  • Stage IV
  • Stage V
  • Stage VI
  • Tier 3
  • Tier 4
  • Tier 5

Global Construction Equipment Market by Propulsion Type

• • Diesel
  • Gasoline
  • CNG/LNG/RNG

Global Construction Equipment Market by Aftertreatment Device

• • Diesel Oxidation Catalyst (DOC)
  • Diesel Particulate Filter (DPF)
  • Exhaust Gas Recirculation (EGR)
  • Selective Catalytic Reduction (SCR)

Global Construction Equipment Market by Region

• • North America Construction Equipment Market
  • Europe Construction Equipment Market
  • Asia-Pacific Construction Equipment Market
  • ROW Construction Equipment Market

Leading Market Players

• • Caterpillar
  • Volvo Construction Equipment
  • Komatsu Ltd.
  • CNH Industrial N.V.
  • Liebherr Group
  • Hitachi Construction Machinery Co., Ltd.
  • Terex Corporation
  • Deere & Company
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • JCB