Construction Equipment Market Analysis

  • Report ID: 1425
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Construction Equipment Market Analysis

Propulsion Type (Diesel, ICE, Electric, CNG/LNG)

Construction equipment market from the diesel segment is anticipated to hold the largest share of 40% during the forecast period. Diesel construction equipment is a common type of machinery that has the highest market penetration in the world on account of its ability to produce substantial torque and constant performance, being essential for handling medium to full-duty jobs under any working condition. Moreover, the easy availability of spare parts and aftersales service at a low cost, and hassle-free maintenance allows diesel-powered vehicles to be an appropriate choice as it is already well-tested and saturated technology. Therefore, these factors are expected to drive the growth of the segment.

Application (Excavation and Mining, Lifting and Material Handling, Earth Moving, Transportation)

The earthmoving segment in the construction equipment market is expected to account for the share of 37% during the foreseen period. The growth can be attributed to the growing investments in industrial and commercial construction projects in developing countries such as China and India. As per a report, China began building commercial real estate on an annual basis in 2021, totaling over 141.05 million square meters. Earthmoving equipment facilitates tasks like excavation, grading, and material handling enabling efficient and timely completion of construction projects.

Our in-depth analysis of the global market includes the following segments:

     Equipment Type

  • Excavator
  • Loader
  • Dozer
  • Dump Truck
  • Compactor
  • Crane

     Propulsion Type

  • Diesel
  • ICE
  • Electric


  • Excavation and Mining
  • Lifting and Material Handling
  • Earth Moving
  • Transportation

     End User

  • Residential
  • Commercial
  • Industrial
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Author Credits:  Shweta Patidar

  • Report ID: 1425
  • Published Date: Dec 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing installation of construction equipment in the infrastructure sector, government orders telematics and e-call services, and adoption of technologically advanced equipment are the major factors driving the growth of the construction equipment market

The market size of construction equipment is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Marubeni Corporation ABB Ltd, Caterpillar Inc, SANY Group, CNH Industrial NV, NEC Corporation, Hitachi, Ltd, Komatsu Ltd, SORABITO Co., Ltd., Hokkai Sangyo Co., Ltd and others.

The diesel segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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