Construction Equipment Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Oct 2023 Pages: 162 SKU: IRTNTR75510

Construction Equipment Market Forecast 2023-2027

The construction equipment market size is forecasted to increase by USD 3,818.92 million, at a CAGR of 5.24% between 2022 and 2027. The market growth analysis depends on several factors, including the expanding manufacturing and distribution facilities, the increasing investment in infrastructure, and the rising number of new launches.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, Download FREE Report Sample

Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. 

Key Driver

The expanding manufacturing and distribution facilities are driving the market growth. Companies are focusing on expanding their production capabilities to cater to the growing demand for construction tools globally. An increase in production capacity helps companies cater to the demands of customers across the world. Therefore, various companies are investing in expansion projects. For instance, in 2021, Volvo Group expanded its parts distribution network in Western US. Similarly, in April 2022, Joseph Cyril Bamford Excavators Ltd (JCB) announced that it would open a new manufacturing plant in Gujarat, India.

Moreover, manufacturers in the construction industry focus on providing convenient services to their consumers and are expanding their manufacturing capabilities for easy maintenance and repair. This can help them differentiate themselves from their rivals and increase revenue growth in the long run. Thus, the expansion of manufacturing and distribution facilities by various companies is expected to fuel the growth of the market during the forecast period.

Significant Trends

The emergence of smart cities is a key trend in the market. Smart cities require the integration of information and communication and the adoption of the latest technologies for effective management of operations. The emergence of smart cities leads to developments in functional areas such as transportation, traffic management, energy efficiency and sustainability, and governance. An increase in the number of smart city projects globally will fuel the need for the installation of road safety tools in advanced road network systems. This will create growth opportunities for vendors operating in the market.

Moreover, aligned with market trends and analysis, the Association of Southeast Asian Nations (ASEAN) has created a collaborative platform to strengthen the vision of smart city projects. Efficient waste management, smart streetlights, smart highways, parking sensors, and improved security are a few major objectives of smart cities. Thus, the increase in the number of smart cities across the globe will support the growth of the market during the forecast period.

Major Challenge

Stringent regulations on the construction industry are challenging market growth. Countries are focusing on combating climate change and are making manufacturing and construction processes cleaner and greener. This has compelled environmental bodies across the world to come up with stringent emission regulations for factories, production facilities, waste management, machinery, and equipment. For instance, the EU has announced a Stage V exhaust emission regulation, which limits the emission of PM g/kWh to 0.015 to 0.4 oxides of nitrogen (Nox) g/kWh. It also requires vendors to install additional parts, such as DPF, in the equipment.

Thus, the need to comply with new and strict emission regulations introduced by various countries adversely affects the profit margins of various manufacturers. The design and manufacturing of machinery should comply with new norms that require manufacturers to equip machinery with new components. However, this results in increased costs, which will limit the growth of the market during the forecast period. 

Market Segmentation by Product, Application, and Geography 

Product Segment Analysis

The owned equipment segment will account for a significant share of market growth during the forecast period. The segment comprises machines that are owned by construction companies, contractors, and other stakeholders. These machines are used for various construction activities, such as excavation, transportation, lifting, and material handling. The machines in this segment include excavators, loaders, bulldozers, and cranes. The growth of this segment can be attributed to factors such as infrastructure development in emerging economies, increasing urbanization, and growing demand for residential and commercial properties.

Get a Customised Report as per your requirements for FREE!

The owned equipment segment was valued at USD 5,998.20 million in 2017 and continued to grow until 2021. The growing trend of renting tools has also boosted the owned segment's growth. Many companies and contractors prefer to own their machines instead of renting them to save costs. This trend has led to an increase in the demand for owned segment. These factors will drive the growth of the segment during the forecast period.

Application Segment Analysis

The commercial segment will account for a significant share of market growth during the forecast period. This segment consists of commercial buildings, such as shops, hotels, restaurants, office spaces, industrial buildings, schools, and hospitals. In the Middle East, the commercial segment is registering growth in countries such as the UAE, Qatar, and Saudi Arabia owing to the strong investments in the commercial sector. For instance, in June 2021, Enable Midstream Partners, LP, announced that it had received approval from FERC to construct and operate the Gulf Run Pipeline project. In addition, the emergence of multinational companies has led to a rise in the number of employees and office spaces globally. The rising number of technological and business parks is triggering the demand in commercial spaces, which is expected to increase during the forecast period. 

Regional Analysis

For more insights on the market share of various regions View PDF Sample now!

APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Growing construction activities in emerging countries such as India, Afghanistan, and Bangladesh are driving the growth of the market in APAC. This market is expected to grow steadily during the forecast period owing to the demand for new infrastructure to provide residential and commercial spaces for the growing urban population. Developing nations such as India, Indonesia, and Thailand are investing significantly in infrastructure development. For instance, in 2019, the Government of India made plans to invest USD 350 billion toward road infrastructural development in the Northeast region of the country during 2020-2025. The plan is aimed at improving the country's economy. Such investments are expected to fuel the growth of the regional market during the forecast period.

Who are the Major Construction Equipment Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Caterpillar Inc. - The company offers construction equipment such as articulated trucks and asphalt pavers. Under the Resource Industries segment, the company manufactures and services equipment.
  • CNH Industrial NV - The company offers construction equipment such as backhoe loaders and crawler dozers. The construction segment of the company designs, manufactures, and distributes a range of equipment, including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, and telehandlers.

The market report also has detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

  • AB Volvo
  • Action Construction Equipment Ltd.
  • Deere and Co.
  • Doosan Corp.
  • Escorts Kubota Ltd.
  • Guangxi LiuGong Machinery Co. Ltd.
  • Hitachi Construction Machinery Co. Ltd.
  • Hyundai Construction Equipment Co. Ltd.
  • J C Bamford Excavators Ltd.
  • Kobe Steel Ltd.
  • Komatsu Ltd.
  • Liebherr International Deutschland GmbH
  • Manitou BF SA
  • SANY Group
  • Sumitomo Heavy Industries Ltd.
  • Terex Corp.
  • Xuzhou Construction Machinery Group Co. Ltd.
  • Zoomlion Heavy Industry Science and Technology Co. Ltd.

The market analysis and report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision. 

Segment Overview

The market research and growth report forecasts market growth and forecasting by revenue at global, regional, & country levels and provides an analysis of the latest market growth and trends opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Owned equipment
    • Rented equipment
    • Leased equipment
  • Application Outlook (USD Million, 2017 - 2027)
    • Commercial
    • Residential
    • Infrastructure
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Argentina
      • Brazil
      • Chile

Market Analyst Overview

The market is experiencing robust growth driven by factors such as rapid urbanization and increased government spending on road infrastructure projects construction sector. Earthmoving and material handling equipment like dump trucks are in high demand, especially in large-scale projects such as Singapore's Changi Airport Terminal 5 (T5). Technological integration is reshaping the industry, with OEMs focusing on innovations like batteries and autonomous vehicle technology to address concerns like the high cost of products. The contractor's inclination towards electrification and automation is to comply with regulations like the Building Standard Act of Japan and to meet sustainability goals.

Further, the global market encompasses a wide array of machinery, including earthmoving equipment. In the U.S., the emphasis is on fulfilling the needs of national highway projects, influenced by contractor inclination and market concentration. Considerations such as substitutes, pricing, and product quality drive purchasing decisions, with a nod to features and brand name recognition. The emergence of electric equipment in the <100 HP range and mini-excavators is notable. Particularly in developing countries, demand for compact wheel loaders in the 101-200 HP range is rising, reflecting government focus on infrastructure development. Furthermore, material handling machinery and earthmoving machinery are witnessing significant adoption amidst rapid industrialization. The market is witnessing a shift towards electrification of the equipment, with propulsion types diversifying between ICE segments and electric power output options.

Construction Equipment Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.24%

Market growth 2023-2027

USD 3,818.92 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.72

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Action Construction Equipment Ltd., Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Escorts Kubota Ltd., Guangxi LiuGong Machinery Co. Ltd., Hitachi Construction Machinery Co. Ltd., Hyundai Construction Equipment Co. Ltd., J C Bamford Excavators Ltd., Kobe Steel Ltd., Komatsu Ltd., Liebherr International Deutschland GmbH, Manitou BF SA, SANY Group, Sumitomo Heavy Industries Ltd., Terex Corp., Xuzhou Construction Machinery Group Co. Ltd., and Zoomlion Heavy Industry Science and Technology Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our  Market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market forecast between 2023 and 2027
  • Precise estimation of the market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global construction equipment market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global construction equipment market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Owned equipment - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Owned equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Owned equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Owned equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Owned equipment - Year-over-year growth 2022-2027 (%)
    • 6.4 Rented equipment - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Rented equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Rented equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Rented equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Rented equipment - Year-over-year growth 2022-2027 (%)
    • 6.5 Leased equipment - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Leased equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Leased equipment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Leased equipment - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Leased equipment - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)
      • Exhibit 47: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Commercial - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.4 Residential - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.5 Infrastructure - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Infrastructure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Caterpillar Inc.
              • Exhibit 119: Caterpillar Inc. - Overview
              • Exhibit 120: Caterpillar Inc. - Business segments
              • Exhibit 121: Caterpillar Inc. - Key offerings
              • Exhibit 122: Caterpillar Inc. - Segment focus
            • 12.4 CNH Industrial NV
              • Exhibit 123: CNH Industrial NV - Overview
              • Exhibit 124: CNH Industrial NV - Business segments
              • Exhibit 125: CNH Industrial NV - Key news
              • Exhibit 126: CNH Industrial NV - Key offerings
              • Exhibit 127: CNH Industrial NV - Segment focus
            • 12.5 Deere and Co.
              • Exhibit 128: Deere and Co. - Overview
              • Exhibit 129: Deere and Co. - Business segments
              • Exhibit 130: Deere and Co. - Key news
              • Exhibit 131: Deere and Co. - Key offerings
              • Exhibit 132: Deere and Co. - Segment focus
            • 12.6 Doosan Corp.
              • Exhibit 133: Doosan Corp. - Overview
              • Exhibit 134: Doosan Corp. - Business segments
              • Exhibit 135: Doosan Corp. - Key offerings
              • Exhibit 136: Doosan Corp. - Segment focus
            • 12.7 Escorts Kubota Ltd.
              • Exhibit 137: Escorts Kubota Ltd. - Overview
              • Exhibit 138: Escorts Kubota Ltd. - Business segments
              • Exhibit 139: Escorts Kubota Ltd. - Key offerings
              • Exhibit 140: Escorts Kubota Ltd. - Segment focus
            • 12.8 Hitachi Construction Machinery Co. Ltd.
              • Exhibit 141: Hitachi Construction Machinery Co. Ltd. - Overview
              • Exhibit 142: Hitachi Construction Machinery Co. Ltd. - Product / Service
              • Exhibit 143: Hitachi Construction Machinery Co. Ltd. - Key offerings
            • 12.9 Hyundai Construction Equipment Co. Ltd.
              • Exhibit 144: Hyundai Construction Equipment Co. Ltd. - Overview
              • Exhibit 145: Hyundai Construction Equipment Co. Ltd. - Product / Service
              • Exhibit 146: Hyundai Construction Equipment Co. Ltd. - Key offerings
            • 12.10 J C Bamford Excavators Ltd.
              • Exhibit 147: J C Bamford Excavators Ltd. - Overview
              • Exhibit 148: J C Bamford Excavators Ltd. - Product / Service
              • Exhibit 149: J C Bamford Excavators Ltd. - Key offerings
            • 12.11 Kobe Steel Ltd.
              • Exhibit 150: Kobe Steel Ltd. - Overview
              • Exhibit 151: Kobe Steel Ltd. - Business segments
              • Exhibit 152: Kobe Steel Ltd. - Key offerings
              • Exhibit 153: Kobe Steel Ltd. - Segment focus
            • 12.12 Komatsu Ltd.
              • Exhibit 154: Komatsu Ltd. - Overview
              • Exhibit 155: Komatsu Ltd. - Business segments
              • Exhibit 156: Komatsu Ltd. - Key news
              • Exhibit 157: Komatsu Ltd. - Key offerings
              • Exhibit 158: Komatsu Ltd. - Segment focus
            • 12.13 Liebherr International Deutschland GmbH
              • Exhibit 159: Liebherr International Deutschland GmbH - Overview
              • Exhibit 160: Liebherr International Deutschland GmbH - Product / Service
              • Exhibit 161: Liebherr International Deutschland GmbH - Key news
              • Exhibit 162: Liebherr International Deutschland GmbH - Key offerings
            • 12.14 Manitou BF SA
              • Exhibit 163: Manitou BF SA - Overview
              • Exhibit 164: Manitou BF SA - Product / Service
              • Exhibit 165: Manitou BF SA - Key offerings
            • 12.15 SANY Group
              • Exhibit 166: SANY Group - Overview
              • Exhibit 167: SANY Group - Product / Service
              • Exhibit 168: SANY Group - Key offerings
            • 12.16 Sumitomo Heavy Industries Ltd.
              • Exhibit 169: Sumitomo Heavy Industries Ltd. - Overview
              • Exhibit 170: Sumitomo Heavy Industries Ltd. - Product / Service
              • Exhibit 171: Sumitomo Heavy Industries Ltd. - Key offerings
            • 12.17 Terex Corp.
              • Exhibit 172: Terex Corp. - Overview
              • Exhibit 173: Terex Corp. - Business segments
              • Exhibit 174: Terex Corp. - Key offerings
              • Exhibit 175: Terex Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              construction equipment market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis