세계의 건설중장비 시장 : 시장 규모, 점유율, 동향 분석, 기회, 예측 보고서(2019-2030년)

Global Heavy Construction Equipment Market Size Has Strong Foothold to Expand at Steady CAGR of 4.86% to Touch USD 258.18 Billion by 2030

Global Heavy Construction Equipment Market is flourishing due to governments' increasing investments in a large number of infrastructure development projects across the regions, strong urbanization trends, rapid adoption of technological advancements, and a spurring demand for efficient and sustainable construction solutions.

BlueWeave Consulting, a leading strategic consulting and Market research firm, in its recent study, estimated the Global Heavy Construction Equipment Market size by value at USD 198.31 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Heavy Construction Equipment Market size to expand at a CAGR of 4.86% reaching a value of USD 258.18 billion in 2023. The Global Heavy Construction Equipment Market is driven by rapid urbanization, infrastructure development, and industrialization in emerging economies. Increasing investments in public infrastructure projects such as roads, highways, and bridges fuel demand. Technological advancements, such as automation and telematics, enhance equipment efficiency and appeal. Additionally, a growing focus on renewable energy projects and the expansion of mining activities contribute to market growth. Stringent regulations on emissions and fuel consumption drive innovation towards eco-friendly equipment. Economic growth and rising construction activities in residential and commercial sectors also play a significant role in propelling the market.

Opportunity - Emergence of rental market

Global Heavy Construction Equipment Market is experiencing a significant boost due to the rising trend of renting or leasing heavy machinery. The shift is driven by various factors, including the increasing need for cost-effective solutions, flexibility in project management, and the growing preference for outsourcing equipment maintenance. Renting or leasing offers construction companies the advantage of accessing advanced machinery without the burden of ownership costs, thereby fostering market expansion. Additionally, it enables businesses to scale operations according to project requirements, contributing to enhanced efficiency and profitability in the construction sector.

Impact of Escalating Geopolitical Tensions on Global Heavy Construction Equipment Market

Escalating geopolitical tensions significantly impact the Global Heavy Construction Equipment Market. For instance, the Russia-Ukraine conflict has disrupted supply chains and increased raw material costs, leading to higher equipment prices. Trade tensions between the United States and China have resulted in tariffs on construction machinery, affecting market dynamics. Additionally, instability in the Middle East has hampered infrastructure projects due to political uncertainty and security concerns. In 2023, the Global Heavy Construction Equipment Market size, valued more than USD 198 billion, faced challenges such as increased operational costs and delayed projects. Companies are now focusing on diversifying supply chains and exploring alternative markets to mitigate risks. Despite these challenges, the demand for construction equipment remains robust, driven by ongoing urbanization and infrastructure development globally.

Global Heavy Construction Equipment Market

Segmental Coverage

Global Heavy Construction Equipment Market - By Equipment Type

Based on equipment type, Global Heavy Construction Equipment Market is divided into Earthmoving Equipment, Material Handling Equipment, and Heavy Construction Vehicles segments. The earthmoving equipment segment is the largest equipment type in the Global Heavy Construction Equipment Market. The segment dominates the global market due to its extensive application in construction activities, including excavation, grading, and land clearing. Earthmoving equipment includes machinery like excavators, loaders, bulldozers, and motor graders. Its significant market share is driven by increasing construction and infrastructure development projects worldwide, particularly in emerging economies. Additionally, technological advancements and the integration of automation in these machines enhance efficiency and productivity, further bolstering their market leadership.

Global Heavy Construction Equipment Market - By End User

By end user, Global Heavy Construction Equipment Market is divided into Infrastructure, Construction, Mining, Oil & Gas, and Manufacturing segments. The infrastructure segment is the largest end user in the Global Heavy Construction Equipment Market. The segment encompasses the construction of highways, bridges, tunnels, and other critical public works. The infrastructure segment's dominance is driven by increasing investments in transportation systems, urban development, and smart city initiatives worldwide. Government policies promoting large-scale infrastructure projects, particularly in emerging economies, further fuel the segment's growth. Additionally, the rising need for renovation and maintenance of existing infrastructure in developed regions contributes significantly to its market share, making it the leading segment in the heavy construction equipment industry.

Competitive Landscape

Global Heavy Construction Equipment Market is fiercely competitive. Major companies in the Market include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd, Komatsu Ltd, Liebherr International AG, Volvo Group, and XCMG Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Heavy Construction Equipment Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Heavy Construction Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Heavy Construction Equipment Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

2. Executive Summary

3. Global Heavy Construction Equipment Market Insights

• 3.1. Industry Value Chain Analysis
• 3.2. DROC Analysis
  • 3.2.1. Growth Drivers
    • 3.2.1.1. Increasing investments in construction and infrastructure sectors
    • 3.2.1.2. Rapid urbanization and industrialization driving demand for housing and infrastructure
    • 3.2.1.3. Rising demand for heavy construction equipment in emerging countries
    • 3.2.1.4. Technological advancements and upgrades in construction equipment
  • 3.2.2. Restraints
    • 3.2.2.1. Stringent government regulations on construction activities
    • 3.2.2.2. Socio-economic effects of heavy construction activities
    • 3.2.2.3. High cost of heavy construction equipment
    • 3.2.2.4. Lack of skilled labor force and maintenance/repair-related issues
  • 3.2.3. Opportunities
    • 3.2.3.1. Renting or leasing heavy construction equipment
    • 3.2.3.2. Digitization of services and connected technologies
    • 3.2.3.3. Demand for autonomous and sustainable heavy construction equipment
    • 3.2.3.4. Growth in the mining and oil & gas industries
  • 3.2.4. Challenges
    • 3.2.4.1. Development of alternative optimized solutions like electric and hybrid equipment
    • 3.2.4.2. Battery and thermal management issues in electric equipment
    • 3.2.4.3. Increased downtime and delayed return on investment for electric equipment
    • 3.2.4.4. Intense competition from established players in the market
• 3.3. Technological Advancements/Recent Developments
• 3.4. Regulatory Framework
• 3.5. Porter's Five Forces Analysis
  • 3.5.1. Bargaining Power of Suppliers
  • 3.5.2. Bargaining Power of Buyers
  • 3.5.3. Threat of New Entrants
  • 3.5.4. Threat of Substitutes
  • 3.5.5. Intensity of Rivalry

4. Global Heavy Construction Equipment Market: Marketing Strategies

5. Global Heavy Construction Equipment Market: Pricing Analysis

6. Global Heavy Construction Equipment Market: Geographical Analysis

• 6.1. Global Heavy Construction Equipment Market, Geographical Analysis, 2023
• 6.2. Global Heavy Construction Equipment Market, Market Attractiveness Analysis, 2024-2030

7. Global Heavy Construction Equipment Market Overview

• 7.1. Market Size & Forecast, 2019-2030
  • 7.1.1. By Value (USD Billion)
• 7.2. Market Share and Forecast
  • 7.2.1. By Equipment Type
    • 7.2.1.1. Earthmoving Equipment
    • 7.2.1.2. Material Handling Equipment
    • 7.2.1.3. Heavy Construction Vehicles
    • 7.2.1.4. Others
  • 7.2.2. By End User
    • 7.2.2.1. Infrastructure
    • 7.2.2.2. Construction
    • 7.2.2.3. Mining
    • 7.2.2.4. Oil & Gas
    • 7.2.2.5. Manufacturing
    • 7.2.2.6. Others
  • 7.2.3. By Application
    • 7.2.3.1. Excavation & Demolition
    • 7.2.3.2. Heavy Lifting
    • 7.2.3.3. Tunneling
    • 7.2.3.4. Material Handling
    • 7.2.3.5. Recycling & Waste Management
  • 7.2.4. By Region
    • 7.2.4.1. North America
    • 7.2.4.2. Europe
    • 7.2.4.3. Asia Pacific (APAC)
    • 7.2.4.4. Latin America (LATAM)
    • 7.2.4.5. Middle East and Africa (MEA)

8. North America Heavy Construction Equipment Market

• 8.1. Market Size & Forecast, 2019-2030
  • 8.1.1. By Value (USD Billion)
• 8.2. Market Share & Forecast
  • 8.2.1. By Equipment Type
  • 8.2.2. By End User
  • 8.2.3. By Application
  • 8.2.4. By Country
    • 8.2.4.1. United States
    • 8.2.4.1.1. By Equipment Type
    • 8.2.4.1.2. By End User
    • 8.2.4.1.3. By Application
    • 8.2.4.2. Canada
    • 8.2.4.2.1. By Equipment Type
    • 8.2.4.2.2. By End User
    • 8.2.4.2.3. By Application

9. Europe Heavy Construction Equipment Market

• 9.1. Market Size & Forecast, 2019-2030
  • 9.1.1. By Value (USD Billion)
• 9.2. Market Share & Forecast
  • 9.2.1. By Equipment Type
  • 9.2.2. By End User
  • 9.2.3. By Application
  • 9.2.4. By Country
    • 9.2.4.1. Germany
    • 9.2.4.1.1. By Equipment Type
    • 9.2.4.1.2. By End User
    • 9.2.4.1.3. By Application
    • 9.2.4.2. United Kingdom
    • 9.2.4.2.1. By Equipment Type
    • 9.2.4.2.2. By End User
    • 9.2.4.2.3. By Application
    • 9.2.4.3. Italy
    • 9.2.4.3.1. By Equipment Type
    • 9.2.4.3.2. By End User
    • 9.2.4.3.3. By Application
    • 9.2.4.4. France
    • 9.2.4.4.1. By Equipment Type
    • 9.2.4.4.2. By End User
    • 9.2.4.4.3. By Application
    • 9.2.4.5. Spain
    • 9.2.4.5.1. By Equipment Type
    • 9.2.4.5.2. By End User
    • 9.2.4.5.3. By Application
    • 9.2.4.6. Belgium
    • 9.2.4.6.1. By Equipment Type
    • 9.2.4.6.2. By End User
    • 9.2.4.6.3. By Application
    • 9.2.4.7. Russia
    • 9.2.4.7.1. By Equipment Type
    • 9.2.4.7.2. By End User
    • 9.2.4.7.3. By Application
    • 9.2.4.8. The Netherlands
    • 9.2.4.8.1. By Equipment Type
    • 9.2.4.8.2. By End User
    • 9.2.4.8.3. By Application
    • 9.2.4.9. Rest of Europe
    • 9.2.4.9.1. By Equipment Type
    • 9.2.4.9.2. By End User
    • 9.2.4.9.3. By Application

10. Asia Pacific Heavy Construction Equipment Market

• 10.1. Market Size & Forecast, 2019-2030
  • 10.1.1. By Value (USD Billion)
• 10.2. Market Share & Forecast
  • 10.2.1. By Equipment Type
  • 10.2.2. By End User
  • 10.2.3. By Application
  • 10.2.4. By Country
    • 10.2.4.1. China
    • 10.2.4.1.1. By Equipment Type
    • 10.2.4.1.2. By End User
    • 10.2.4.1.3. By Application
    • 10.2.4.2. India
    • 10.2.4.2.1. By Equipment Type
    • 10.2.4.2.2. By End User
    • 10.2.4.2.3. By Application
    • 10.2.4.3. Japan
    • 10.2.4.3.1. By Equipment Type
    • 10.2.4.3.2. By End User
    • 10.2.4.3.3. By Application
    • 10.2.4.4. South Korea
    • 10.2.4.4.1. By Equipment Type
    • 10.2.4.4.2. By End User
    • 10.2.4.4.3. By Application
    • 10.2.4.5. Australia & New Zealand
    • 10.2.4.5.1. By Equipment Type
    • 10.2.4.5.2. By End User
    • 10.2.4.5.3. By Application
    • 10.2.4.6. Indonesia
    • 10.2.4.6.1. By Equipment Type
    • 10.2.4.6.2. By End User
    • 10.2.4.6.3. By Application
    • 10.2.4.7. Malaysia
    • 10.2.4.7.1. By Equipment Type
    • 10.2.4.7.2. By End User
    • 10.2.4.7.3. By Application
    • 10.2.4.8. Singapore
    • 10.2.4.8.1. By Equipment Type
    • 10.2.4.8.2. By End User
    • 10.2.4.8.3. By Application
    • 10.2.4.9. Vietnam
    • 10.2.4.9.1. By Equipment Type
    • 10.2.4.9.2. By End User
    • 10.2.4.9.3. By Application
    • 10.2.4.10. Rest of APAC
    • 10.2.4.10.1. By Equipment Type
    • 10.2.4.10.2. By End User
    • 10.2.4.10.3. By Application

11. Latin America Heavy Construction Equipment Market

• 11.1. Market Size & Forecast, 2019-2030
  • 11.1.1. By Value (USD Billion)
• 11.2. Market Share & Forecast
  • 11.2.1. By Equipment Type
  • 11.2.2. By End User
  • 11.2.3. By Application
  • 11.2.4. By Country
    • 11.2.4.1. Brazil
    • 11.2.4.1.1. By Equipment Type
    • 11.2.4.1.2. By End User
    • 11.2.4.1.3. By Application
    • 11.2.4.2. Mexico
    • 11.2.4.2.1. By Equipment Type
    • 11.2.4.2.2. By End User
    • 11.2.4.2.3. By Application
    • 11.2.4.3. Argentina
    • 11.2.4.3.1. By Equipment Type
    • 11.2.4.3.2. By End User
    • 11.2.4.3.3. By Application
    • 11.2.4.4. Peru
    • 11.2.4.4.1. By Equipment Type
    • 11.2.4.4.2. By End User
    • 11.2.4.4.3. By Application
    • 11.2.4.5. Rest of LATAM
    • 11.2.4.5.1. By Equipment Type
    • 11.2.4.5.2. By End User
    • 11.2.4.5.3. By Application

12. Middle East & Africa Heavy Construction Equipment Market

• 12.1. Market Size & Forecast, 2019-2030
  • 12.1.1. By Value (USD Billion)
• 12.2. Market Share & Forecast
  • 12.2.1. By Equipment Type
  • 12.2.2. By End User
  • 12.2.3. By Application
  • 12.2.4. By Country
    • 12.2.4.1. Saudi Arabia
    • 12.2.4.1.1. By Equipment Type
    • 12.2.4.1.2. By End User
    • 12.2.4.1.3. By Application
    • 12.2.4.2. UAE
    • 12.2.4.2.1. By Equipment Type
    • 12.2.4.2.2. By End User
    • 12.2.4.2.3. By Application
    • 12.2.4.3. Qatar
    • 12.2.4.3.1. By Equipment Type
    • 12.2.4.3.2. By End User
    • 12.2.4.3.3. By Application
    • 12.2.4.4. Kuwait
    • 12.2.4.4.1. By Equipment Type
    • 12.2.4.4.2. By End User
    • 12.2.4.4.3. By Application
    • 12.2.4.5. South Africa
    • 12.2.4.5.1. By Equipment Type
    • 12.2.4.5.2. By End User
    • 12.2.4.5.3. By Application
    • 12.2.4.6. Nigeria
    • 12.2.4.6.1. By Equipment Type
    • 12.2.4.6.2. By End User
    • 12.2.4.6.3. By Application
    • 12.2.4.7. Algeria
    • 12.2.4.7.1. By Equipment Type
    • 12.2.4.7.2. By End User
    • 12.2.4.7.3. By Application
    • 12.2.4.8. Rest of MEA
    • 12.2.4.8.1. By Equipment Type
    • 12.2.4.8.2. By End User
    • 12.2.4.8.3. By Application

13. Competitive Landscape

• 13.1. List of Key Players and Their Offerings
• 13.2. Global Heavy Construction Equipment Market Share Analysis, 2023
• 13.3. Competitive Benchmarking, By Operating Parameters
• 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

14. Impact of Escalating Geopolitical Tensions on Global Heavy Construction Equipment Market

15. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

• 15.1. Caterpillar Inc.
• 15.2. CNH Industrial N.V.
• 15.3. Deere & Company
• 15.4. Doosan Infracore Co Ltd
• 15.5. Hitachi Construction Machinery Co. Ltd
• 15.6. J C Bamford Excavators Ltd
• 15.7. Komatsu Ltd
• 15.8. Liebherr International AG
• 15.9. Volvo Group
• 15.10. XCMG Group
• 15.11. Other Prominent Players

16. Key Strategic Recommendations

17. Research Methodology

• 17.1. Qualitative Research
  • 17.1.1. Primary & Secondary Research
• 17.2. Quantitative Research
• 17.3. Market Breakdown & Data Triangulation
  • 17.3.1. Secondary Research
  • 17.3.2. Primary Research
• 17.4. Breakdown of Primary Research Respondents, By Region
• 17.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable