조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년09월
건설 중장비 (Heavy Construction Equipment) 시장 : 기계 유형(토목설비, 자재운반장치, 건설중기), 추진타입(디젤, CNG/LNG/RNG, 전기), 엔진용량, 최종용도산업, 지역별 – 2028년까지의 세계 예측
Heavy Construction Equipment Market by Machinery Type (Earthmoving equipment, Material Handling Equipment, Heavy Construction Vehicles), Propulsion Type (Diesel, CNG/LNG/RNG, Electric), Engine Capacity, End-Use Industry & Region-Global Forecast to 2028
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Report Overview
The global heavy construction equipment market is estimated to grow from USD 190.3 billion in 2022 to reach USD 252.4 billion by 2028, at a CAGR of 4.8%. The increasing demand for heavy construction equipment in mining and construction industry is one of the most significant factors projected to drive the growth of the heavy construction equipment market.
“increasing investments in construction and infrastructure sectors to drive the heavy construction equipment market”
dDemand for heavy construction equipment is fueled by the increasing investments in construction activities. For instance, Beijing, China is making 6.8 trillion yuan (aboutapproximately USD 1 trillion) of government funds available for construction projects. More than 800 billion yuan (USD 115.96 million) were set to be invested in the construction of canals, dams, and reservoirs in 2022. And uUrban infrastructure building including urban roads, gas and water pipe networks, and parks — is the most popular choice for spending by local governments, which account for the bulk of China’s infrastructure spending. Further, China also plansned to build 70,000 km of high-speed rail by 2035.
As per the declaration in June 2022, the European Union announced an investment of nearly USD 5.4 billion for the development of transport infrastructure development. The European Union has selected around 135 infrastructure projects to disburse development funds. According to the UK Construction Leadership Council, planned investments include 700 projects and over USD 645.7 billion in the National Infrastructure Pipeline. Such planned investments and growing construction activities for infrastructure development would are expected to drive the demand for construction equipment during the forecast period.
“Stringent government regulations to restrain for heavy construction equipment market.”
One of the major obstacles faced by heavy construction equipment players is region-specific government regulations. For a company to start heavy construction, it needs to undergo a lengthy and rigorous process of obtaining a permit after various required checks.
For instance, since the construction industry uses more diesel engines than any other industry, in order to meet EU emissions regulations, proper baseline data is collected to adequately characterize the environmental condition of the area. Surveys are carried out related to the cultural and historical resources, soil, vegetation, wildlife, surface & groundwater hydrology, climatology, and wetlands. After the permit is prepared and submitted to the regulatory agency, it goes through completeness and technical reviews.
Companies are required to adhere to the following Acts/Regulations to perform heavy construction activities:
• National Environmental Policy Act (1970)
• Federal Land Policy and Management Act (1976)
• Clean Air Act (1963)
• Federal Water Pollution Control Act (1972)
• Toxic Substance Control Act (1976)
Such lengthy, time-consuming, and often varying regulations act as a restraint to the heavy construction equipment market.
“Digitization of services to provide an opportunity for the heavy construction equipment market.”
There are enormous possibilities for implementing digitization, innovative technologies, and new construction techniques in the construction equipment industry. New technologies like connected equipment and tools, telematics, smart applications, and autonomous heavy equipment can be delayed deployed and used on worksites globally.
Construction equipment manufacturers use data to make better decisions, increase efficiency, improve job site safety, and lower risks. Artificial Intelligence (AI) and machine learning systems are used to develop predictive analyticssis tools in the construction equipment for monitoring machine health. In January 2022, Hitachi Construction Machinery Co., Ltd. launched the ConSite Mine to the global market, a solution that provides machine analytics to help resolve issues at mining sites by using IoT to monitor mining machinery 24 hours a day remotely.
“Development of alternative solutions to be a major challenge for heavy construction equipment market.”
Battery and motor are the two most fundamental elements of electric heavy construction equipment. The motor provides the force, and the battery stores and supplies the energy. Controlling the speed and torque of the motor across a wide range of speed and load conditions is one of the challenges for heavy construction equipment manufacturers. With the finite amount of stored energy available in a battery, the capacity must getis required to be used as efficiently as possible. An increase in the battery size would help increase the battery’s capacity, but this directly increases the weight and the cost of the heavy construction equipment directly.
Battery charging is one of the major challenges as batteries in electric-powered heavy-duty construction equipment take a long time to recharge. This increases downtime and delays the return on investment. Apart from this, battery thermal management systems face leaks, corrosion, clogging, climate, and aging. Heavy construction equipment manufacturers and technology experts are developing advanced battery thermal management systems to resolve this challenge.
“Asia Pacific to be the dominating region in heavy construction equipment market in terms of both value”
Asia Pacific led the heavy construction equipment market, in terms of value, in 2022 and is projected to register a CAGR of 4.9% between 2023 and 2028. This high market penetration is attributed to the increasing mining and infrastructural developments happening in the region especially in China and India. The governments in these countries are promoting development of infrastructure to attract new foreign investments and improve their economy. With the rising demand for raw materials across the globe and to secure their energy interest, the governments of these two countries are actively looking for finding suitable lithium mines in and outside of the country for battery manufacturing. These will promote the increased usage of heavy construction equipment in this region.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 37%, Tier 2- 33%, and Tier 3- 30%
• By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
• By Region- North America- 20%, Europe- 25%, Asia Pacific (APAC) – 45%, Middle East & Africa (MEA)-10% South America-5%
The report provides a comprehensive analysis of company profiles:
Prominent companies include Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), among others.
Research Coverage
This report covers the global heavy construction equipment market and forecasts the market size until 2028. It includes the following market segmentation – By Machinery Type (Earthmoving equipment, Material Handling Equipment, Heavy Construction Vehicles, Others), By Propulsion Type (Diesel, CNG/LNG/RNG, Electric), By Engine Capacity (<5 L, 5-10 L, >10 L), by Power Output (<100 HP, 101-200 HP, 201-400 HP, >400 HP), By application (Material Handling, Transportation, Excavation & Demolition, Heavy Lifting, Tunneling, Recycling & Waste Management), By End-Use Industry (Mining, Infrastructure, Building & Construction, Forestry & Agriculture, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America). A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services; key strategies; Contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the heavy construction equipment market. Competitive analysis of upcoming startups in the heavy construction equipment market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall heavy construction equipment market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing investments in construction and infrastructure sector, Rapid urbanization, Rising demand in emerging countries, Technological advancements and upgradation, demand for sustainable solutions), restraints (stringent government regulations, Socio-economic effects of heavy construction activities), opportunities (Demand for autonomous heavy construction equipment, Renting or leasing of equipment, Digitization services), and challenges (Development of optimized of alternative solutions, high cost of equipments, Lack of skilled labour force and maintenance & repair related issues) influencing the growth of the heavy construction equipment market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the heavy construction equipment market
• Market Development: Comprehensive information about lucrative markets – the report analyses the heavy construction equipment market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the heavy construction equipment industry market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), among others in the heavy construction equipment market
Table of Contents
1 INTRODUCTION 53
1.1 STUDY OBJECTIVES 53
1.2 MARKET DEFINITION 53
1.2.1 INCLUSIONS AND EXCLUSIONS 53
1.3 MARKET SCOPE 54
FIGURE 1 HEAVY CONSTRUCTION EQUIPMENT MARKET SEGMENTATION 54
1.3.1 REGIONS COVERED 54
1.3.2 YEARS CONSIDERED 55
1.4 CURRENCY CONSIDERED 55
1.5 UNITS CONSIDERED 55
1.6 LIMITATIONS 55
1.7 STAKEHOLDERS 56
1.8 SUMMARY OF CHANGES 56
2 RESEARCH METHODOLOGY 57
2.1 RESEARCH DATA 57
FIGURE 2 HEAVY CONSTRUCTION EQUIPMENT MARKET: RESEARCH DESIGN 57
2.1.1 SECONDARY DATA 58
2.1.1.1 Key data from secondary sources 58
2.1.2 PRIMARY DATA 58
2.1.2.1 Key data from primary sources 59
TABLE 1 PRIMARY INTERVIEWS – LEADING HEAVY CONSTRUCTION EQUIPMENT MANUFACTURERS 59
2.1.2.2 Breakdown of primary interviews 60
2.1.2.3 Key industry insights 60
2.2 BASE NUMBER CALCULATION 61
2.2.1 APPROACH 1: DEMAND-SIDE ANALYSIS 61
2.2.2 APPROACH 2: SUPPLY-SIDE ANALYSIS 61
2.3 FORECAST NUMBER CALCULATION 62
2.3.1 SUPPLY SIDE 62
2.3.2 DEMAND SIDE 62
2.4 MARKET SIZE ESTIMATION 62
2.4.1 BOTTOM-UP APPROACH 62
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 62
2.4.2 TOP-DOWN APPROACH 63
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 63
2.5 DATA TRIANGULATION 64
FIGURE 5 HEAVY CONSTRUCTION EQUIPMENT MARKET: DATA TRIANGULATION 64
2.6 RECESSION IMPACT 64
2.7 FACTOR ANALYSIS 65
2.8 RESEARCH ASSUMPTIONS 65
2.9 RESEARCH LIMITATIONS AND RISKS 66
3 EXECUTIVE SUMMARY 67
FIGURE 6 EARTHMOVING EQUIPMENT SEGMENT DOMINATED HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 67
FIGURE 7 MATERIAL HANDLING WAS LARGEST SEGMENT IN HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 68
FIGURE 8 DIESEL PROPULSION SEGMENT DOMINATED HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 68
FIGURE 9 101-200 HP POWER OUTPUT SEGMENT ACCOUNTED FOR LARGEST SHARE OF HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 69
FIGURE 10 <5 L ENGINE CAPACITY SEGMENT LED HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 69
FIGURE 11 MINING END-USE INDUSTRY WAS LARGEST SEGMENT IN HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 70
FIGURE 12 ASIA PACIFIC WAS LARGEST HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 70
4 PREMIUM INSIGHTS 72
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HEAVY CONSTRUCTION EQUIPMENT MARKET 72
FIGURE 13 INFRASTRUCTURE SEGMENT TO DRIVE MARKET 72
4.2 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2022 72
FIGURE 14 EARTHMOVING EQUIPMENT SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2022 72
4.3 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2022 73
FIGURE 15 MATERIAL HANDLING WAS LARGEST SEGMENT IN 2022 73
4.4 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2022 73
FIGURE 16 DIESEL PROPULSION SEGMENT DOMINATED MARKET IN 2022 73
4.5 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2022 74
FIGURE 17 101-200 HP SEGMENT LED MARKET IN 2022 74
4.6 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2022 74
FIGURE 18 <5 L SEGMENT DOMINATED MARKET IN 2022 74
4.7 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2022 75
FIGURE 19 MINING SEGMENT LED MARKET IN 2022 75
4.8 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY KEY COUNTRIES 75
FIGURE 20 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 75
5 MARKET OVERVIEW 76
5.1 INTRODUCTION 76
5.2 MARKET DYNAMICS 76
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN HEAVY CONSTRUCTION EQUIPMENT MARKET 76
5.2.1 DRIVERS 77
5.2.1.1 Increasing investments in construction and infrastructure sectors 77
TABLE 2 LIST OF INFRASTRUCTURE DEVELOPMENT PROJECTS 77
5.2.1.2 Rapid urbanization 78
5.2.1.3 Rising demand in emerging countries 78
5.2.1.4 Technological advancements and upgrades 78
5.2.1.5 Demand for sustainable solutions 79
TABLE 3 KEY ELECTRIC AND HYBRID CONSTRUCTION EQUIPMENT MODELS 79
5.2.2 RESTRAINTS 82
5.2.2.1 Stringent government regulations 82
5.2.2.2 Socio-economic effects of heavy construction activities 82
5.2.3 OPPORTUNITIES 82
5.2.3.1 Renting or leasing equipment 82
5.2.3.2 Digitization of services 83
TABLE 4 HEAVY CONSTRUCTION EQUIPMENT MARKET: DIGITAL SERVICES BY OEMS 83
5.2.3.3 Demand for autonomous heavy construction equipment 83
5.2.4 CHALLENGES 84
5.2.4.1 High cost of equipment 84
5.2.4.2 Lack of skilled labor force and maintenance & repair-related issues 84
5.2.4.3 Development of alternative optimized solutions 84
5.3 PORTER’S FIVE FORCES ANALYSIS 85
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS OF HEAVY CONSTRUCTION EQUIPMENT MARKET 85
5.3.1 THREAT OF NEW ENTRANTS 85
5.3.2 THREAT OF SUBSTITUTES 86
5.3.3 BARGAINING POWER OF SUPPLIERS 86
5.3.4 BARGAINING POWER OF BUYERS 86
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 87
TABLE 5 PORTER’S FIVE FORCES ANALYSIS OF HEAVY CONSTRUCTION EQUIPMENT MARKET 87
5.4 SUPPLY CHAIN ANALYSIS 87
TABLE 6 HEAVY CONSTRUCTION EQUIPMENT MARKET: SUPPLY CHAIN 88
5.5 PRICING ANALYSIS 88
5.5.1 AVERAGE SELLING PRICE BY END-USE INDUSTRY, BY KEY PLAYERS 88
FIGURE 23 AVERAGE SELLING PRICE FOR TOP THREE END-USE INDUSTRIES, BY KEY PLAYERS (USD MILLION/KG) 88
FIGURE 24 AVERAGE SELLING PRICE BY MACHINERY TYPE 89
FIGURE 25 AVERAGE SELLING PRICE BY END-USE INDUSTRY (USD MILLION/KG) 89
5.6 AVERAGE SELLING PRICE, BY REGION 89
TABLE 7 AVERAGE SELLING PRICE OF HEAVY CONSTRUCTION EQUIPMENT, BY REGION 89
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 90
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 90
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 90
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 90
5.7.2 BUYING CRITERIA 91
FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 91
TABLE 9 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 91
5.8 TECHNOLOGY ANALYSIS 91
5.8.1 OVERVIEW 91
5.8.1.1 Autonomous heavy construction equipment 91
5.8.1.2 Connected technologies 92
5.8.1.3 Grade control system 92
5.9 KEY CONFERENCES AND EVENTS, 2023–2024 92
TABLE 10 HEAVY CONSTRUCTION EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS, 2023–2024 92
5.10 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON HEAVY CONSTRUCTION EQUIPMENT MARKET 94
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96
TABLE 14 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
5.10.2 REGULATORY ANALYSIS OF HEAVY CONSTRUCTION EQUIPMENT MARKET 98
5.11 ECOSYSTEM ANALYSIS 99
FIGURE 28 ECOSYSTEM ANALYSIS OF HEAVY CONSTRUCTION EQUIPMENT MARKET 99
5.12 VALUE CHAIN ANALYSIS 100
FIGURE 29 VALUE CHAIN ANALYSIS OF HEAVY CONSTRUCTION EQUIPMENT MARKET 100
5.13 TRADE ANALYSIS: KEY MARKETS FOR IMPORT/EXPORT 101
5.13.1 JAPAN 101
5.13.2 US 101
5.13.3 CHINA 101
5.14 CASE STUDIES 102
5.15 TRENDS IMPACTING CUSTOMER BUSINESS 103
5.16 PATENT ANALYSIS 103
5.16.1 METHODOLOGY 103
5.16.2 DOCUMENT TYPE 103
TABLE 16 HEAVY CONSTRUCTION EQUIPMENT MARKET: GLOBAL PATENTS 104
FIGURE 30 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 104
FIGURE 31 GLOBAL PATENT PUBLICATION TREND: 2012–2022 104
5.16.3 INSIGHTS 105
5.16.4 LEGAL STATUS OF PATENTS 105
FIGURE 32 HEAVY CONSTRUCTION EQUIPMENT MARKET: LEGAL STATUS OF PATENTS 105
5.16.5 JURISDICTION ANALYSIS 105
FIGURE 33 GLOBAL JURISDICTION ANALYSIS 106
5.16.6 TOP APPLICANTS’ ANALYSIS 106
FIGURE 34 VOLVO TRUCK CORP REGISTERED HIGHEST NUMBER OF PATENTS 106
5.16.7 LIST OF PATENTS 107
TABLE 17 LIST OF PATENTS 107
6 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 108
6.1 INTRODUCTION 109
FIGURE 35 EARTHMOVING EQUIPMENT SEGMENT ACCOUNTED FOR LARGEST SHARE OF HEAVY CONSTRUCTION EQUIPMENT MARKET 109
TABLE 18 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 109
TABLE 19 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 110
TABLE 20 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (USD MILLION) 110
TABLE 21 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 110
6.2 EARTHMOVING EQUIPMENT 111
6.2.1 INCREASED CONSTRUCTION AND MINING ACTIVITIES TO DRIVE GROWTH 111
FIGURE 36 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE IN EARTHMOVING EQUIPMENT MARKET 111
TABLE 22 EARTHMOVING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 111
TABLE 23 EARTHMOVING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 112
TABLE 24 EARTHMOVING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 112
TABLE 25 EARTHMOVING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 112
6.2.2 EXCAVATORS 113
6.2.2.1 Crawler excavators 113
6.2.2.2 Mini excavators 113
6.2.2.3 Wheeled excavators 113
6.2.3 LOADERS 113
6.2.3.1 Wheeled loaders 113
6.2.3.2 Skid-steer loaders 113
6.2.4 DOZERS 113
6.2.5 MOTOR GRADERS 114
6.2.6 OTHERS 114
6.3 MATERIAL HANDLING EQUIPMENT 114
6.3.1 INCREASE IN INFRASTRUCTURE AND CONSTRUCTION ACTIVITIES TO DRIVE MARKET 114
FIGURE 37 ASIA PACIFIC TO LEAD MATERIAL HANDLING EQUIPMENT MARKET BY 2028 114
TABLE 26 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 115
TABLE 27 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 115
TABLE 28 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 115
TABLE 29 MATERIAL HANDLING HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 116
6.3.2 CRANES 116
6.3.3 TELESCOPIC HANDLERS 116
6.3.4 OTHERS 116
6.3.4.1 Conveyors 116
6.3.4.2 Forklifts 116
6.4 HEAVY CONSTRUCTION VEHICLES 117
6.4.1 GROWING USAGE IN INDUSTRIAL AND DEVELOPMENTAL PROJECTS TO DRIVE MARKET 117
FIGURE 38 ASIA PACIFIC TO BE LARGEST MARKET IN HEAVY CONSTRUCTION VEHICLES MARKET 117
TABLE 30 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (USD MILLION) 117
TABLE 31 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (UNITS) 118
TABLE 32 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (USD MILLION) 118
TABLE 33 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (UNITS) 118
6.5 OTHERS 119
FIGURE 39 ASIA PACIFIC TO BE LARGEST MARKET FOR OTHER HEAVY CONSTRUCTION EQUIPMENT 119
TABLE 34 OTHER HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 35 OTHER HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 120
TABLE 36 OTHER HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 37 OTHER HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 120
6.5.1 COMPACTORS & ROAD ROLLERS 121
6.5.2 PAVERS/ASPHALT FINISHERS 121
6.5.3 DRILLING/BORING MACHINES 121
7 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 122
7.1 INTRODUCTION 123
FIGURE 40 DIESEL SEGMENT ACCOUNTED FOR MAJOR SHARE OF HEAVY CONSTRUCTION EQUIPMENT MARKET IN 2022 123
TABLE 38 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 123
TABLE 39 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 123
TABLE 40 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 124
TABLE 41 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (UNITS) 124
7.2 DIESEL 124
7.2.1 INCREASED CONSTRUCTION AND MINING ACTIVITIES TO DRIVE GROWTH 124
FIGURE 41 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF DIESEL-POWERED HEAVY CONSTRUCTION EQUIPMENT MARKET 125
TABLE 42 DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 125
TABLE 43 DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 125
TABLE 44 DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 126
TABLE 45 DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 126
7.3 CNG/LNG/RNG 126
7.3.1 DEMAND FOR ALTERNATIVE FUEL TO DRIVE MARKET 126
FIGURE 42 ASIA PACIFIC TO LEAD CNG/LNG/RNG HEAVY CONSTRUCTION EQUIPMENT MARKET BY 2028 127
TABLE 46 CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 47 CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 127
TABLE 48 CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 49 CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 128
7.4 ELECTRIC 128
7.4.1 GROWING USAGE IN INDUSTRIAL AND DEVELOPMENTAL PROJECTS TO DRIVE MARKET 128
FIGURE 43 ASIA PACIFIC TO BE LARGEST MARKET FOR ELECTRIC HEAVY CONSTRUCTION EQUIPMENT 129
TABLE 50 ELECTRIC: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 51 ELECTRIC: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (UNITS) 129
TABLE 52 ELECTRIC: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 53 ELECTRIC: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (UNITS) 130
8 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 131
8.1 INTRODUCTION 132
FIGURE 44 <5 L SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HEAVY CONSTRUCTION EQUIPMENT MARKET 132
TABLE 54 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 132
TABLE 55 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 132
TABLE 56 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 133
TABLE 57 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 133
8.2 <5 L 133
8.2.1 DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT TO DRIVE GROWTH 133
FIGURE 45 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE IN <5 L HEAVY CONSTRUCTION EQUIPMENT MARKET 134
TABLE 58 <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 59 <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 134
TABLE 60 <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 135
TABLE 61 <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 135
8.3 5-10 L 135
8.3.1 INCREASING APPLICATIONS TO DRIVE MARKET 135
FIGURE 46 ASIA PACIFIC TO LEAD 5-10 L HEAVY CONSTRUCTION EQUIPMENT MARKET BY 2028 136
TABLE 62 5-10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 136
TABLE 63 5-10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 136
TABLE 64 5-10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 137
TABLE 65 5-10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 137
8.4 >10 L 137
8.4.1 LARGE INFRASTRUCTURE PROJECTS TO DRIVE MARKET 137
FIGURE 47 ASIA PACIFIC TO BE LARGEST MARKET IN >10 L HEAVY CONSTRUCTION EQUIPMENT MARKET 138
TABLE 66 >10 L: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (USD MILLION) 138
TABLE 67 >10 L: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (UNITS) 138
TABLE 68 >10 L: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (USD MILLION) 139
TABLE 69 >10 L: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (UNITS) 139
9 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 140
9.1 INTRODUCTION 141
FIGURE 48 101-200 HP SEGMENT TO DOMINATE HEAVY CONSTRUCTION EQUIPMENT MARKET BY 2028 141
TABLE 70 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 141
TABLE 71 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 142
TABLE 72 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 142
TABLE 73 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (UNITS) 142
9.2 <100 HP 142
9.2.1 ROAD MAINTENANCE AND REPAIR PROJECTS TO DRIVE SEGMENT 142
FIGURE 49 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE IN <100 HP HEAVY CONSTRUCTION EQUIPMENT MARKET 143
TABLE 74 <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 143
TABLE 75 <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 143
TABLE 76 <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 144
TABLE 77 <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 144
9.3 101-200 HP 144
9.3.1 LOW MAINTENANCE COST TO FAVOR MARKET GROWTH 144
FIGURE 50 ASIA PACIFIC TO LEAD 101-200 HP HEAVY CONSTRUCTION EQUIPMENT MARKET BY 2028 145
TABLE 78 101-200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 145
TABLE 79 101-200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 145
TABLE 80 101-200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 146
TABLE 81 101-200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 146
9.4 201-400 HP 146
9.4.1 LARGE INFRASTRUCTURE PROJECTS TO DRIVE MARKET 146
FIGURE 51 ASIA PACIFIC TO BE LARGEST MARKET IN 201-400 HP HEAVY CONSTRUCTION EQUIPMENT MARKET 147
TABLE 82 201-400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (USD MILLION) 147
TABLE 83 201-400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (UNITS) 147
TABLE 84 201-400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (USD MILLION) 148
TABLE 85 201-400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (UNITS) 148
9.5 >400 HP 148
9.5.1 LARGE INFRASTRUCTURE PROJECTS TO DRIVE MARKET 148
FIGURE 52 ASIA PACIFIC TO BE LARGEST >400 HP HEAVY CONSTRUCTION EQUIPMENT MARKET 149
TABLE 86 >400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (USD MILLION) 149
TABLE 87 >400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2022 (UNITS) 149
TABLE 88 >400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (USD MILLION) 150
TABLE 89 >400 HP: HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2023–2028 (UNITS) 150
10 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 151
10.1 INTRODUCTION 152
FIGURE 53 MATERIAL HANDLING SEGMENT TO DOMINATE HEAVY CONSTRUCTION EQUIPMENT MARKET 152
TABLE 90 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 152
TABLE 91 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (UNITS) 153
TABLE 92 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 153
TABLE 93 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 153
10.2 MATERIAL HANDLING 154
10.2.1 EXTENSIVE USE IN END-USE INDUSTRIES TO DRIVE MARKET 154
TABLE 94 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 154
TABLE 95 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 154
TABLE 96 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 154
TABLE 97 MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 155
10.3 TRANSPORTATION 155
10.3.1 INCREASING USE IN TRANSPORTATION OF BUILDING MATERIALS TO DRIVE MARKET 155
TABLE 98 TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 99 TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 156
TABLE 100 TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 156
TABLE 101 TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 156
10.4 EXCAVATION & DEMOLITION 157
10.4.1 INCREASING DEMAND FOR LOW-FUEL CONSUMPTION EXCAVATORS TO DRIVE MARKET 157
TABLE 102 EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 103 EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 157
TABLE 104 EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 158
TABLE 105 EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 158
10.5 HEAVY LIFTING 158
10.5.1 GROWING DEMAND FOR CRANES AND TELESCOPIC HANDLERS TO DRIVE MARKET 158
TABLE 106 HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 159
TABLE 107 HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 159
TABLE 108 HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 159
TABLE 109 HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 160
10.6 TUNNELING 160
10.6.1 INVESTMENTS IN IMPROVING ROAD AND RAIL CONNECTIVITY TO DRIVE SEGMENT 160
TABLE 110 TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 160
TABLE 111 TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 161
TABLE 112 TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 161
TABLE 113 TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 161
10.7 RECYCLING & WASTE MANAGEMENT 162
10.7.1 STRINGENT GOVERNMENT REGULATIONS TO HAMPER SEGMENT GROWTH 162
TABLE 114 RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 162
TABLE 115 RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 162
TABLE 116 RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 163
TABLE 117 RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 163
11 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 164
11.1 INTRODUCTION 165
FIGURE 54 MINING SEGMENT TO DOMINATE HEAVY CONSTRUCTION EQUIPMENT MARKET 165
TABLE 118 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 165
TABLE 119 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 166
TABLE 120 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 166
TABLE 121 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 166
11.2 MINING 167
11.2.1 INCREASING DEMAND FOR MINERALS AND RARE EARTH METALS TO DRIVE MARKET 167
TABLE 122 MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 167
TABLE 123 MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 167
TABLE 124 MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 168
TABLE 125 MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 168
11.3 INFRASTRUCTURE 168
11.3.1 GOVERNMENT INFRASTRUCTURE PROJECTS TO DRIVE MARKET 168
TABLE 126 INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 169
TABLE 127 INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 169
TABLE 128 INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 169
TABLE 129 INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 170
11.4 BUILDING & CONSTRUCTION 170
11.4.1 COMMERCIAL DEVELOPMENTS IN EMERGING ECONOMIES TO DRIVE MARKET 170
TABLE 130 BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 170
TABLE 131 BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 171
TABLE 132 BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 171
TABLE 133 BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 171
11.5 FORESTRY & AGRICULTURE 172
11.5.1 HIGH DEMAND FOR DOZERS TO DRIVE MARKET 172
TABLE 134 FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 172
TABLE 135 FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 172
TABLE 136 FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 172
TABLE 137 FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 173
11.6 OTHERS 173
TABLE 138 OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 173
TABLE 139 OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 173
TABLE 140 OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 174
TABLE 141 OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 174
12 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION 175
12.1 INTRODUCTION 176
TABLE 142 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 176
TABLE 143 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 176
TABLE 144 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 177
TABLE 145 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2028 (UNITS) 177
12.2 NORTH AMERICA 177
FIGURE 55 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 178
12.2.1 RECESSION IMPACT ON NORTH AMERICA 178
12.2.2 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 179
TABLE 146 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 179
TABLE 147 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 180
TABLE 148 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,2023–2028 (USD MILLION) 180
TABLE 149 NORTH AMERICA HEACY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 180
12.2.3 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 181
TABLE 150 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 181
TABLE 151 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 181
TABLE 152 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,2023–2028 (USD MILLION) 181
TABLE 153 NORTH AMERICA HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2023–2028 (UNITS) 181
12.2.4 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 182
TABLE 154 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 182
TABLE 155 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 182
TABLE 156 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,2023–2028 (USD MILLION) 182
TABLE 157 NORTH AMERICA HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 182
12.2.5 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 183
TABLE 158 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 183
TABLE 159 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 183
TABLE 160 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,2023–2028 (USD MILLION) 183
TABLE 161 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (UNITS) 184
12.2.6 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 184
TABLE 162 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 184
TABLE 163 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 184
TABLE 164 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 185
TABLE 165 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 185
12.2.7 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 185
TABLE 166 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 185
TABLE 167 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 186
TABLE 168 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 186
TABLE 169 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 186
12.2.8 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 187
TABLE 170 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 187
TABLE 171 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 187
TABLE 172 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 187
TABLE 173 NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (UNITS) 187
12.2.8.1 US 188
12.2.8.1.1 Expansion of commercial construction sector to drive market 188
TABLE 174 US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 188
TABLE 175 US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 188
TABLE 176 US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 189
TABLE 177 US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 189
12.2.8.2 Canada 189
12.2.8.2.1 Upcoming mining and infrastructural projects to drive growth 189
TABLE 178 CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 190
TABLE 179 CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 190
TABLE 180 CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 190
TABLE 181 CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 191
12.2.8.3 Mexico 191
12.2.8.3.1 Increasing investments in construction and infrastructure sector to drive growth 191
TABLE 182 MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 191
TABLE 183 MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 192
TABLE 184 MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 192
TABLE 185 MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 192
12.3 EUROPE 193
FIGURE 56 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 193
12.3.1 RECESSION IMPACT ON EUROPE 194
12.3.2 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 194
TABLE 186 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 194
TABLE 187 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 194
TABLE 188 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (USD MILLION) 195
TABLE 189 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 195
12.3.3 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 195
TABLE 190 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 195
TABLE 191 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 196
TABLE 192 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 196
TABLE 193 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (UNITS) 196
12.3.4 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 196
TABLE 194 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 196
TABLE 195 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 197
TABLE 196 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 197
TABLE 197 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 197
12.3.5 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 198
TABLE 198 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 198
TABLE 199 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 198
TABLE 200 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 198
TABLE 201 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (UNITS) 199
12.3.6 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 199
TABLE 202 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 199
TABLE 203 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 199
TABLE 204 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200
TABLE 205 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 200
12.3.7 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 200
TABLE 206 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 200
TABLE 207 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 201
TABLE 208 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 201
TABLE 209 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 201
12.3.8 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 202
TABLE 210 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 202
TABLE 211 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 202
TABLE 212 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 202
TABLE 213 EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (UNITS) 203
12.3.8.1 Germany 203
12.3.8.1.1 Increase in demand for compact construction equipment to drive market 203
TABLE 214 GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 203
TABLE 215 GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 204
TABLE 216 GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 204
TABLE 217 GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 204
12.3.8.2 France 205
12.3.8.2.1 Rapid development of metropolitan areas to drive market 205
TABLE 218 FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 205
TABLE 219 FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 205
TABLE 220 FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 206
TABLE 221 FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 206
12.3.8.3 UK 206
12.3.8.3.1 Improving residential construction projects to drive market 206
TABLE 222 UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 207
TABLE 223 UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 207
TABLE 224 UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 207
TABLE 225 UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 208
12.3.8.4 Russia 208
12.3.8.4.1 Increasing demand for material handling equipment to drive market 208
TABLE 226 RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 208
TABLE 227 RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 209
TABLE 228 RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 209
TABLE 229 RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 209
12.3.8.5 Rest of Europe 210
TABLE 230 REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 210
TABLE 231 REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 210
TABLE 232 REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 210
TABLE 233 REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 211
12.4 ASIA PACIFIC 211
FIGURE 57 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 212
12.4.1 RECESSION IMPACT ON ASIA PACIFIC 212
12.4.2 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 213
TABLE 234 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 213
TABLE 235 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 213
TABLE 236 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (USD MILLION) 213
TABLE 237 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 214
12.4.3 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 214
TABLE 238 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 214
TABLE 239 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 214
TABLE 240 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 215
TABLE 241 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (UNITS) 215
12.4.4 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 215
TABLE 242 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 215
TABLE 243 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 215
TABLE 244 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 216
TABLE 245 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 216
12.4.5 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 216
TABLE 246 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 216
TABLE 247 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 217
TABLE 248 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 217
TABLE 249 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (UNITS) 217
12.4.6 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 218
TABLE 250 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 218
TABLE 251 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 218
TABLE 252 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 218
TABLE 253 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 219
12.4.7 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 219
TABLE 254 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 219
TABLE 255 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 219
TABLE 256 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 220
TABLE 257 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 220
12.4.8 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 220
TABLE 258 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 220
TABLE 259 ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 221
TABLE 260 ASIA-PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 221
TABLE 261 ASIA-PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (UNITS) 221
12.4.8.1 China 222
12.4.8.1.1 Huge government investments in mining sector to drive market 222
TABLE 262 CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 222
TABLE 263 CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 222
TABLE 264 CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 223
TABLE 265 CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 223
12.4.8.2 India 223
12.4.8.2.1 Improving business condition to drive market 223
TABLE 266 INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 224
TABLE 267 INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 224
TABLE 268 INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 224
TABLE 269 INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 225
12.4.8.3 Japan 225
12.4.8.3.1 Increasing government support for construction sector to drive market 225
TABLE 270 JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 225
TABLE 271 JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 226
TABLE 272 JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 226
TABLE 273 JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 226
12.4.8.4 Australia 227
12.4.8.4.1 Booming mining activities to drive market 227
TABLE 274 AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 227
TABLE 275 AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 227
TABLE 276 AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 228
TABLE 277 AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 228
12.4.8.5 Rest of Asia Pacific 228
TABLE 278 REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 229
TABLE 279 REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 229
TABLE 280 REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 229
TABLE 281 REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 230
12.5 MIDDLE EAST & AFRICA 230
12.5.1 RECESSION IMPACT ON MIDDLE EAST & AFRICA 230
12.5.2 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 231
TABLE 282 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 231
TABLE 283 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 231
TABLE 284 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (USD MILLION) 231
TABLE 285 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 232
12.5.3 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 232
TABLE 286 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 232
TABLE 287 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 232
TABLE 288 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 233
TABLE 289 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (UNITS) 233
12.5.4 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY TYPE 233
TABLE 290 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 233
TABLE 291 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 234
TABLE 292 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 234
TABLE 293 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 234
12.5.5 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT TYPE 234
TABLE 294 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 234
TABLE 295 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 235
TABLE 296 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 235
TABLE 297 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT TYPE, 2023–2028 (UNITS) 235
12.5.6 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION TYPE 236
TABLE 298 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 236
TABLE 299 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (UNITS) 236
TABLE 300 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 236
TABLE 301 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 237
12.5.7 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY TYPE 237
TABLE 302 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 237
TABLE 303 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 237
TABLE 304 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 238
TABLE 305 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 238
12.5.8 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 238
TABLE 306 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 238
TABLE 307 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 239
TABLE 308 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 239
TABLE 309 MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (UNITS) 239
12.5.8.1 Saudi Arabia 240
12.5.8.1.1 Vision 2030 plan to be major growth driver 240
TABLE 310 SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 240
TABLE 311 SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 240
TABLE 312 SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 241
TABLE 313 SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 241
12.5.9 SOUTH AFRICA 241
12.5.9.1 Increase in non-residential construction activities to drive market 241
TABLE 314 SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 242
TABLE 315 SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 242
TABLE 316 SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 242
TABLE 317 SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 243
12.5.9.2 Turkey 243
12.5.9.2.1 Rail infrastructure development activities to drive market 243
TABLE 318 TURKEY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 243
TABLE 319 TURKEY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 244
TABLE 320 TURKEY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 244
TABLE 321 TURKEY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 244
12.5.9.3 Qatar 245
12.5.9.3.1 Development and maintenance activities for commercial events to drive market 245
TABLE 322 QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 245
TABLE 323 QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 245
TABLE 324 QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 246
TABLE 325 QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 246
12.5.9.4 UAE 246
12.5.9.4.1 Growing tourism activities to drive market 246
TABLE 326 UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 247
TABLE 327 UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 247
TABLE 328 UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 247
TABLE 329 UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 248
12.5.9.5 Rest of Middle East & Africa 248
TABLE 330 REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 248
TABLE 331 REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 249
TABLE 332 REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 249
TABLE 333 REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 249
12.6 SOUTH AMERICA 250
12.6.1 RECESSION IMPACT ON SOUTH AMERICA 250
12.6.2 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE 250
TABLE 334 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (USD MILLION) 250
TABLE 335 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2018–2022 (UNITS) 251
TABLE 336 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (USD MILLION) 251
TABLE 337 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2023–2028 (UNITS) 251
12.6.3 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 252
TABLE 338 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 252
TABLE 339 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 252
TABLE 340 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (USD MILLION) 252
TABLE 341 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2028 (UNITS) 252
12.6.4 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY TYPE 253
TABLE 342 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 253
TABLE 343 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 253
TABLE 344 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (USD MILLION) 253
TABLE 345 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2028 (UNITS) 254
12.6.5 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT TYPE 254
TABLE 346 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 254
TABLE 347 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 254
TABLE 348 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 255
TABLE 349 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT TYPE, 2023–2028 (UNITS) 255
12.6.6 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION TYPE 255
TABLE 350 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 255
TABLE 351 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (UNITS) 256
TABLE 352 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 256
TABLE 353 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2028 (UNITS) 256
12.6.7 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY 257
TABLE 354 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 257
TABLE 355 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 257
TABLE 356 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 257
TABLE 357 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 258
12.6.8 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY 258
TABLE 358 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 258
TABLE 359 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 258
TABLE 360 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 259
TABLE 361 SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2028 (UNITS) 259
12.6.8.1 Brazil 259
12.6.8.1.1 Increased hotel construction projects to drive market 259
TABLE 362 BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 260
TABLE 363 BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 260
TABLE 364 BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 260
TABLE 365 BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 261
12.6.8.2 Argentina 261
12.6.8.2.1 Growth of infrastructure projects to drive market 261
TABLE 366 ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 261
TABLE 367 ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 262
TABLE 368 ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 262
TABLE 369 ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 262
12.6.8.3 Chile 263
12.6.8.3.1 Increasing Rail infrastructure development activities to drive market 263
TABLE 370 CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 263
TABLE 371 CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 263
TABLE 372 CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 264
TABLE 373 CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 264
12.6.8.4 Peru 264
12.6.8.4.1 Growing Mining activities to drive market 264
TABLE 374 PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 265
TABLE 375 PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 265
TABLE 376 PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 265
TABLE 377 PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 266
12.6.8.5 Rest of South America 266
TABLE 378 REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION) 266
TABLE 379 REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2018–2022 (UNITS) 267
TABLE 380 REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 267
TABLE 381 REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2023–2028 (UNITS) 267
13 COMPETITIVE LANDSCAPE 268
13.1 INTRODUCTION 268
13.2 MARKET SHARE ANALYSIS 268
FIGURE 58 SHARE OF TOP COMPANIES IN HEAVY CONSTRUCTION EQUIPMENT MARKET 268
TABLE 382 DEGREE OF COMPETITION: HEAVY CONSTRUCTION EQUIPMENT MARKET 269
13.3 MARKET RANKING 269
FIGURE 59 RANKING OF TOP FIVE PLAYERS IN HEAVY CONSTRUCTION EQUIPMENT MARKET 270
13.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS 270
FIGURE 60 REVENUE ANALYSIS 270
13.5 COMPANY EVALUATION MATRIX 271
TABLE 383 COMPANY PRODUCT FOOTPRINT 271
TABLE 384 MACHINERY TYPE FOOTPRINT 271
TABLE 385 COMPANY END-USE INDUSTRY FOOTPRINT 272
TABLE 386 COMPANY REGION FOOTPRINT 272
13.6 COMPANY EVALUATION MATRIX 273
13.6.1 STARS 273
13.6.2 PERVASIVE PLAYERS 273
13.6.3 EMERGING LEADERS 273
13.6.4 PARTICIPANTS 273
FIGURE 61 HEAVY CONSTRUCTION EQUIPMENT MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022 274
13.7 MARKET EVALUATION FRAMEWORK 275
TABLE 387 HEAVY CONSTRUCTION EQUIPMENT MARKET: DEALS, 2022–2023 275
TABLE 388 HEAVY CONSTRUCTION EQUIPMENT: PRODUCT DEVELOPMENTS, 2022–2023 283
TABLE 389 HEAVY CONSTRUCTION EQUIPMENT: OTHER DEVELOPMENTS, 2022–2023 287
13.8 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 292
TABLE 390 HEAVY CONSTRUCTION EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 292
TABLE 391 HEAVY CONSTRUCTION EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 293
13.9 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 293
13.9.1 PROGRESSIVE COMPANIES 293
13.9.2 RESPONSIVE COMPANIES 293
13.9.3 DYNAMIC COMPANIES 294
13.9.4 STARTING BLOCKS 294
FIGURE 62 HEAVY CONSTRUCTION EQUIPMENT MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022 294
14 COMPANY PROFILES 295
14.1 KEY COMPANIES 295
(overview, Products/Solutions/Services offered, Deals, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
14.1.1 CATERPILLAR 295
TABLE 392 CATERPILLAR: COMPANY OVERVIEW 295
FIGURE 63 CATERPILLAR: COMPANY SNAPSHOT 296
14.1.2 VOLVO GROUP 301
TABLE 393 VOLVO GROUP: COMPANY OVERVIEW 301
FIGURE 64 VOLVO GROUP: COMPANY SNAPSHOT 302
14.1.3 KOMATSU 307
TABLE 394 KOMASTU: COMPANY OVERVIEW 307
FIGURE 65 KOMASTU: COMPANY SNAPSHOT 308
14.1.4 HITACHI CONSTRUCTION MACHINERY CO., LTD. 313
TABLE 395 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 313
FIGURE 66 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT 314
14.1.5 TEREX CORPORATION 318
TABLE 396 TEREX CORPORATION: COMPANY OVERVIEW 318
FIGURE 67 TEREX CORPORATION: COMPANY SNAPSHOT 319
14.1.6 LIEBHERR AG 322
TABLE 397 LIEBHERR AG: COMPANY OVERVIEW 322
FIGURE 68 LIEBHERR AG: COMPANY SNAPSHOT 323
14.1.7 SANY HEAVY INDUSTRY CO., LTD. 326
TABLE 398 SANY HEAVY INDUSTRY CO., LTD.: COMPANY OVERVIEW 326
14.1.8 HD HYUNDAI 330
TABLE 399 HD HYUNDAI: COMPANY OVERVIEW 330
FIGURE 69 HD HYUNDAI: COMPANY SNAPSHOT 330
14.1.9 XCMG GROUP 335
TABLE 400 XCMG GROUP: COMPANY OVERVIEW 335
FIGURE 70 XCMG GROUP: COMPANY SNAPSHOT 335
14.1.10 CNH INDUSTRIAL N.V. 339
TABLE 401 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW 339
FIGURE 71 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT 340
14.2 OTHER PLAYERS 344
14.2.1 J C BAMFORD EXCAVATORS LTD. 344
TABLE 402 J C BAMFORD EXCAVATORS LTD.: COMPANY OVERVIEW 344
14.2.2 WACKER NEUSON SE 345
TABLE 403 WACKER NEUSON SE: COMPANY OVERVIEW 345
14.2.3 MANITOU GROUP 345
TABLE 404 MANITOU GROUP: COMPANY OVERVIEW 345
14.2.4 ESCORTS KUBOTA LIMITED 346
TABLE 405 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW 346
14.2.5 DEERE & COMPANY 346
TABLE 406 DEERE & COMPANY: COMPANY OVERVIEW 346
14.2.6 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD. 347
TABLE 407 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 347
14.2.7 KOBELCO CONSTRUCTION MACHINERY CO., LTD. 347
TABLE 408 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 347
14.2.8 SUMITOMO HEAVY INDUSTRIES, LTD. 348
TABLE 409 SUMITOMO HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 348
14.2.9 HIAB 348
TABLE 410 HIAB: COMPANY OVERVIEW 348
14.2.10 HIDROMEK 349
TABLE 411 HIDROMEK: COMPANY OVERVIEW 349
*Details on Business overview, Products/Solutions/Services offered, Deals, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
15 APPENDIX 350
15.1 DISCUSSION GUIDE 350
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 353
15.3 CUSTOMIZATION OPTIONS 355
15.4 RELATED REPORTS 355
15.5 AUTHOR DETAILS 356
