0

Self-Propelled Modular Transporter (SPMT) Market in North America by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71783
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The self-propelled modular transporter (SPMT) market in North America share is expected to increase by USD 50.25 million from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 4.43%.

This self-propelled modular transporter market research report of North America provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers self-propelled modular transporter market segmentation in North America by end-user (construction, oil industries, shipyard and offshore industry, and other industries) and geography (US, Canada, and Mexico). The self-propelled modular transporter market report of North America also offers information on several market vendors, including Enerpac Tool Group Corp., Engineered Rigging, Fagioli Spa, Faymonville Distribution AG, GOLDHOFER, Mammoet, MORELLO GIOVANNI Srl, PSC Nuclear, Sarens NV, and Transporter Industry International GmbH among others.

What will the Self-Propelled Modular Transporter Market Size in North America be During the Forecast Period?

Download the Free Report Sample to Unlock the Self-Propelled Modular Transporter Market Size in North America for the Forecast Period and Other Important Statistics

 

Self-Propelled Modular Transporter Market in North America: Key Drivers and Challenges

The growth of the construction industry is notably driving the SPMT market growth in North America, although factors such as shortage of skilled workers in the construction industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the self-propelled modular transporter industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Self-Propelled Modular Transporter Market Driver in North America

The demand for construction machinery is growing due to the increasing investment in infrastructure projects across North America. The major contributors to the construction industry in North America are the US and Canada. North America is one of the largest customers for manufacturing, mining, and a variety of services. The industry is expected to be led by public investment across non-residential buildings and structures, followed by the transport and public safety sectors. The Government of Canada is committed to building and maintaining infrastructure across the country. As part of its investment in the Canada Plan, the government has allocated more than $180 billion (CAD) to critical infrastructure over the next decade. The plan includes long-awaited funding projects related to public transport, affordable housing, and the development of rural communities. Such factors will propel the demand for self-propelled modular transporters in North America during the forecast period.

Key Self-Propelled Modular Transporter Market Challenge in North America

The shortage of skilled workers is increasingly becoming a challenge for the construction industry. The aged, skilled, and experienced workforce is approaching retirement. The SPMT market in North America requires trained professionals to operate machines. The shortage of skilled labor and the growing competition within the construction industry challenges the SPMT market in North America. Vendors focus on getting more work done with fewer employees to ensure profitability. This results in the transition from technically skilled workers to other diversified workers in the material handling process, which increases the knowledge gap. With the growing demand for construction activities across the world, the construction industry is witnessing a shortage of skilled workforce. The decline in the number of engineers leads to delays in the completion of construction projects, which results in a decrease in the demand for SPMTs. Thus, the shortage of skilled labor is expected to hamper the growth of the SPMT market in North America during the forecast period.

This self-propelled modular transporter market analysis report of North America also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Self-Propelled Modular Transporter Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Enerpac Tool Group Corp.
  • Engineered Rigging
  • Fagioli Spa
  • Faymonville Distribution AG
  • GOLDHOFER
  • Mammoet
  • MORELLO GIOVANNI Srl
  • PSC Nuclear
  • Sarens NV
  • Transporter Industry International GmbH

 

This statistical study of the self-propelled modular transporter market in North America encompasses successful business strategies deployed by the key vendors. The SPMT market in North America is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The self-propelled modular transporter market forecast report of North America offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Self-Propelled Modular Transporter Market in North America?

For more insights on the market share of various regions Request for a FREE sample now!

67% of the market’s growth will originate from the US during the forecast period. However, the market growth rate in this region will be slower than the growth of the market in Canada and Mexico.

The growth of construction activities will facilitate the self-propelled modular transporter market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Self-Propelled Modular Transporter Market in North America?

To gain further insights on the market contribution of various segments Request for a FREE sample

The construction segment in the SPMT market in North America in the construction segment is expected to record a significant growth rate during the forecast period, with the rise in construction activities among various construction contractors and the increase in investments in the construction sector. In addition, a significant increase in infrastructure spending by governments across the regions will augment the demand for self-propelled modular transporters, which, in turn, will drive the growth of the construction segment in North America.

This report provides an accurate prediction of the contribution of all the segments to the growth of the SPMT market size in North America and actionable market insights on post COVID-19 impact on each segment.

 

Self-Propelled Modular Transporter Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.43%

Market growth 2022-2026

$ 50.25 million

Market structure

Concentrated

YoY growth (%)

5.29

Regional analysis

North America

Performing market contribution

US at 67%

Key consumer countries

US, Canada, and Mexico

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Enerpac Tool Group Corp., Engineered Rigging, Fagioli Spa, Faymonville Distribution AG, GOLDHOFER, Mammoet, MORELLO GIOVANNI Srl, PSC Nuclear, Sarens NV, and Transporter Industry International GmbH

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

Request for a FREE sample

What are the Key Data Covered in this Self-Propelled Modular Transporter Market Report of North America?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive self-propelled modular transporter market growth in North America during the next five years
  • Precise estimation of the self-propelled modular transporter market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the SPMT industry across the US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of SPMT market vendors in North America 

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

Read More Read Less

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Construction - Market size and forecast 2021-2026
  • Oil industries - Market size and forecast 2021-2026
  • Shipyard and offshore industry - Market size and forecast 2021-2026
  • Other industries - Market size and forecast 2021-2026
  • Market opportunity by End-user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • US - Market size and forecast 2021-2026
  • Canada - Market size and forecast 2021-2026
  • Mexico - Market size and forecast 2021-2026
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Enerpac Tool Group Corp.
  • Engineered Rigging
  • Fagioli Spa
  • Faymonville Distribution AG
  • GOLDHOFER
  • Mammoet
  • MORELLO GIOVANNI Srl
  • PSC Nuclear
  • Sarens NV
  • Transporter Industry International GmbH

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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.

TechnavioINFORMATION 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
Technavio

TechnavioDATA 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
Technavio

TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The self-propelled modular transporter market growth will increase by $50.25 million during 2021-2026.
The self-propelled modular transporter market is expected to grow at a CAGR of 4.43% during 2021-2026.
Technavio has segmented the self-propelled modular transporter market by end user (Construction, Oil industries, Shipyard and offshore industry, and Other industries) and geographic (US, Canada, and Mexico).
Enerpac Tool Group Corp., Engineered Rigging, Fagioli Spa, Faymonville Distribution AG, GOLDHOFER, Mammoet, MORELLO GIOVANNI Srl, PSC Nuclear, Sarens NV, Transporter Industry International GmbH are a few of the key vendors in the self-propelled modular transporter market.
US will register the highest growth rate of 67.28% among the other regions. Therefore, the self-propelled modular transporter market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the self-propelled modular transporter market growth are:
  • Growth of the construction industry
The self-propelled modular transporter market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>