Code: IMR0913 | Manufacturing & Const | Oct-2021 | 135 Pages |
In 2021, the Global Heavy
Construction Equipment Market’s size was valued at USD 122.46 billion and is
estimated to reach USD 186.66 billion by 2028 and is expected to be growing at
a CAGR of 7.9 % throughout the forecast period. In this report, 2021 has been
taken as the base year while 2020 is the historical year. The forecast year for
the report is 2028 to approximate the size of the market for Heavy Construction
Equipment.
Icon Market Research’s report on Heavy
Construction Equipment studies the past and current opportunities of growth and
trends to get a clear picture of the growth indicators of the market for the
forecast period 2021 to 2028. The report also offers the revenue generated by
the Heavy Construction Equipment market considering 2020 as the historical
year, 2021 as the base year, and 2028 as the forecast year. The report also
consists of the compound annual growth rate (CAGR) for the Heavy Construction
Equipment market over the forecast period.
Methodology
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Heavy Construction Equipment market.
Thorough secondary research was conducted to collect information on the Heavy
Construction Equipment market, such as new technologies coming into the market,
and components connected with this market. Then the collected information was
validated with experts from the Manufacturing and Construction industry across
all the value chains through primary researches. Both top-down and bottom-up
approaches were used for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level Manufacturing and Construction associations and organizations,
World Bank, Eurostat, Organization for Economic Co-operation and Development
(OECD), and CDC; regulatory and corporate filings such as SEC filings, annual
reports, investor presentations, and business magazines, financial statements,
press releases, and research journals, free and paid manufacturing and
construction databases and trade, business, and professional associations. The
secondary data collected was then analyzed to predict the overall size of the
market which was later validated with primary research.
Thorough primary research was done
after getting a clear picture of the Heavy Construction Equipment market
through secondary research. Many market experts were interviewed for the
primary research from both the supply-side players and demand-side players and
across four major regions, namely, Europe, North America, Asia Oceania, and the
Rest of the World. Apart from the interviews, primary data was collected
through mails, questionnaires, and telephonic interviews.
Overview of
Report
The Heavy Construction Equipment market report
provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the manufacturing
and construction industry.
The report on Heavy Construction Equipment market evaluates the value of the
market report, keeping in mind the application and regional segments, market
share, and size while forecasting the market for each product type and application
of the Heavy Construction Equipment market in different segments of the report.
The research report also mentions some sections of the Heavy Construction
Equipment market including opportunities, growth, trend, size, demand, and
technology used by prominent players of the market. Then, it gives detailed
profiles of the key players as a part of the competitive landscape of the Heavy
Construction Equipment market.
The study of the
report divides it into several sub-segments and represents the whole manufacturing
and construction industry. An estimation of the revenue generated by the entire
manufacturing and construction industry and its sub-segments are also provided
in the report. It decides the factors that affect the demand of the manufacturing
and construction industry rapidly, including methods of development, growth
networks, and the product model. The report also points out the greatest
prospects for the growth of the manufacturing and construction market such as
forecasting the growth of the market, the launch of new goods, and analysis of
the product demand, purchase decisions, several economic factors that are
important to determine the trend of Heavy Construction Equipment market, and
the attractiveness of the market. The report on the Heavy Construction
Equipment market will help in assisting the stakeholders in identifying
high-potential customers, such as distributors and manufacturers.
Growth Mapping
The main aim of the
Heavy Construction Equipment report is to give the map of the growth for the Heavy
Construction Equipment market that will help in providing the clients with the
required information for the formulation strategies to meet their respective
business goals. The report also provides deep knowledge of the Heavy
Construction Equipment for the previous year as well as for the forecast years
and what the CAGR level of the market is going to be. This report is a synopsis
of what the market conditions are going to be while also giving information
regarding the market’s definition, classifications, applications, and
engagements are. This report also aims to analyze the Heavy Construction
Equipment market’s developments including the market improvement, market
position, and others which are usually done by the prominent players and brands
of the manufacturing and construction industry. This report also consists of
all the market drivers and restraints which are obtained through SWOT analysis.
The report also has the CAGR values of the Heavy Construction Equipment market
for the base years 2021, the historic year 2020, and forecast years 2021-2028.
Regional
Analysis
The Heavy Construction Equipment market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that China/ United states will the dominating market for Heavy
Construction Equipment. This
region is expected to see growth in the manufacturing and construction industry because of the increasing
population, increase in per capita income, and improvement in living standards.
There has been an increase in demand for comfort features and accelerates the
growth of the Heavy Construction Equipment market. The construction is
the process of constructing while manufacturing is the action of the verb to
manufacture. The other factors which are driving the growth of the Heavy
Construction Equipment market include the development of marketing analytics
tools and firmly established existing players in the market. In addition to
this, government agencies, companies, third-party administrators, etc. are
channelizing their efforts to make customer-centric manufacturing and
construction products which will also contribute to the growth of the Heavy Construction
Equipment market in this region. Rising demand for barns and agricultural or
industrial buildings and even bridges, increased investment by the government,
new and advanced technology, and machinery, along with the improved marketing
tactics will likely cause the Heavy Construction Equipment market to grow
substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing
research activities, growing demand for manufacturing and construction, and an increasing number of initiatives by market
players for expanding their presence in the APAC, and higher adoption of Heavy
Construction Equipment in several APAC countries. Improvements in GDP
per capita and infrastructure development have urbanized the region to a
greater extent turning rural areas into urban areas. The sudden surge in the
demand has caused the cities to fall into unsustainable consumption models. The
top key players in the Heavy Construction Equipment market are located in the
region. China and India are
expected to offer significant growth opportunities for players operating in the
Heavy Construction Equipment market, owing to the growing support from
government bodies, increasing demand for new manufacturing and
construction technology with
special features, and the presence of less-stringent regulations and data
requirements (as compared to developed countries) in their respective
healthcare systems.
Competitive
Landscape
The report provides a competitive
landscape on both the quantitative as well as qualitative research of Heavy
Construction Equipment market. The report also provides detailed insights on
the development methods used by the key market players. The report offers deep
research on the key market players and details on the competitiveness of these
players. The main business strategies used by these players such as mergers and
acquisitions (M&A), collaborations, affiliations, and contracts are also
and analyzed in the report. For each competitor, the report studies their
global presence, service offerings, competitors, and specification. The main
players covered by the study on the global Heavy Construction Equipment market
are: Caterpillar Inc. (U.S.), Liebherr AG (Switzerland), Terex (U.S.), Volvo
Construction Equipment AB (Sweden), Komatsu (Japan), Doosan Infracoe (South
Korea), Hitachi Machinery Construction (Japan), JCB (U.K.), Sany (China), and
CNH (U.K.) and others
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the Heavy
Construction Equipment market.
●
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
manufacturing and construction industry.
●
It helps in understanding the main
segments of the products and their future.
●
The report gives a deep analysis
of changing competition in the market which keeps you ahead of your
competitors.
●
The report gives the market definition of the Heavy Construction
Equipment market along with the analysis of different factors influencing the
market such as drivers, opportunities, and restraints.
The Report Answers Questions Such As:
●
What is the potential opportunity for the Heavy Construction
Equipment market?
●
What are the major drivers, restraints, and opportunities of the Heavy
Construction Equipment market?
●
What is the market share of the leading segments and sub-segments
of the Heavy Construction Equipment market in the forecast period (2021-2028)?
●
How did the Heavy Construction Equipment market evolve?
●
How each segment of the Heavy Construction Equipment market is
expected to grow during the forecast period?
●
What is the expected revenue to be generated by each of the
segments by the end of 2028?
●
What are the key development strategies implemented by the key
players to stand out in this Heavy Construction Equipment market?
●
What is the preferred business model used for building Heavy
Construction Equipment?
●
Which area of application is expected to be the highest revenue
generator in the Heavy Construction Equipment market during the forecast
period?
●
Which end-user segment is expected to be the highest revenue
generator in this industry during the forecast period?
●
What is the potential of Heavy Construction Equipment market in the
emerging countries during the forecast period?
Caterpillar Inc. (U.S.)
Liebherr AG (Switzerland)
Terex (U.S.)
Volvo Construction Equipment AB (Sweden)
Komatsu (Japan)
Doosan Infracoe (South Korea)
Hitachi Machinery Construction (Japan)
JCB (U.K.)
Sany (China)
CNH (U.K.).