Global Concrete and Road Construction Equipment Market 2017-2021

Below are some of the key findings from our concrete and road construction equipment market forecast report

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Global Concrete and Road Construction Equipment Industry Outlook

The growing number of smart cities will be one of the major factors that will have a positive impact on the growth of the market concrete and road construction equipment market. This will draw a large population to the urban areas and major metropolitan cities, which will increase the congestion in the cities. The increasing urban population has put a strain on existing urban services, such as public transport and road networks. This has led to the increase in the number of smart cities to accommodate the increasing urban population. The majority of road networks in these smart cities are expected to have concrete paved roads since they can reduce the fuel consumption of vehicles. This will, in turn, fuel the market’s growth prospects in the coming years. Technavio’s market research analysts predict that this market will generate a revenue of more than USD 4 billion by 2021.

The emergence of smart concrete materials will be one of the latest trends that will gain traction in the concrete and road construction equipment market during the next four years. Smart concrete can detect shortcomings of conventional concrete and acts as a sensor in finding flaws in it. Smart concrete also helps in detecting the internal condition of concrete roads after any disasters, such as earthquakes. Additionally, they can aid in easing transportation by heating the road surface and melting the ice on it during heavy snowfall and can also assist in measuring the speed and weight of vehicles.

Competitive landscape and key vendors

Owing to the presence of large and small-scale vendors, the concrete and road construction machinery market appears to be fragmented and is competitive. The manufacturers of concrete and road construction equipment are focusing on increasing R&D investments and are setting up new manufacturing facilities since the development of these heavy-duty devices requires a substantial amount of time and workforce.

The report offers a detailed analysis of several leading companies, including:

• Deere
• Komatsu
• Caterpillar
• Volvo
• Terex

The other prominent vendors in the market are ALLEN ENGINEERING, Apollo Inffratech, Astec Industries, Atlas Copco Group, BELL Equipment, BEML, CNH Industrial, Concrete Plus, Doosan Infracore, Escorts, Guangxi Liugong Machinery, Guntert & Zimmerman Const. Div., Hidromek, Hitachi Construction Machinery, J C Bamford Excavators, Kobelco Construction Machinery, LARSEN & TOUBRO, Manitou Americas, Maxmech Equipments, MBW, OJSC BELAZ, SAKAI HEAVY INDUSTRIES, Sany Heavy Industry, Sumitomo Heavy Industries, Wacker Neuson, Wright Concrete & Construction, and XCMG.

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Concrete and road construction equipment market segmentation by product 

• Road construction equipment
• Concrete equipment

During 2016, the road construction equipment segment accounted for the major shares of this market. This equipment is used in several applications, such as compaction, landscaping, fine-grading, paving, and surfacing of roads. The equipment is mainly used for concrete roads since these roads are more durable and strong. Plans set up by governments across the globe to increase the number of concrete roads will be a major driver for the growth of this global market in the road construction equipment segment.

Concrete and road construction equipment market segmentation by geography

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. There is a growth in demand for concrete and road construction equipment from the developing countries due to growing population. The governments of several countries have already announced the construction of many large-scale road networks by 2025 to connect different cities and meeting the requirement of the increasing urban population. This will subsequently fuel the growth prospects of the concrete and road construction machinery market in this region.

Key highlights of the global concrete and road construction equipment market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the concrete and road construction equipment market during the next five years
• Precise estimation of the global concrete and road construction equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the concrete and road construction equipment industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of concrete and road construction equipment companies

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