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Published: Apr, 2014 | Pages:
80 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)
The global market for construction equipment is expected to reach USD 208.36 billion by 2020. Growing number of infrastructure projects on a global scale is expected to be the key driving force for the market over the next six years. Increasing mining activities which require the use of construction equipment are also expected to positively impact the industry over the forecast period.
Technological development has led to the use of advanced machinery that offers considerable benefits over traditional mechanical equipment. Availability of options such as leasing of construction equipment to drive cost effectiveness is also expected to fuel market growth over the forecast period. Safety and security issues such as mishandling of equipment need to be handled in order to prevent heavy losses. Since heavy construction equipment emits harmful gases such as nitrous oxide and carbon dioxide, meeting stringent fuel emission standards set by regulatory authorities is a challenge for industry participants.
Further key findings from the study suggest:
Earth moving machinery accounted for over 40% of the overall market in 2013, and is expected to remain the largest product segment over the forecast period. Material handling machinery includes crawler cranes, as well as truck mounted and trailer mounted cranes, and is expected to grow at the fastest rate of 5.7% from 2014 to 2020. Concrete mixers and pavers are expected to be the largest and fastest growing sub-segment of concrete and road construction equipment.
Asia Pacific accounted for over 50% of the global market share in 2013, which can primarily be attributed to considerable revenue generation from China. Demand for equipment such as construction vehicles for infrastructure and mining activities are expected to give impetus to the regional market. RoW is expected to witness the fastest growth of 6.1% from 2014 to 2020, mainly due to construction activities in Brazil.
Construction equipment market players include Caterpillar, John Deere, Hitachi Construction Machinery, Atlas Copco, Komatsu Ltd. And Doosan among others. Key strategies for market expansion include investment in R&D activities for product portfolio enhancement. Companies operating in the market also form strategic collaborations and long term agreements as part of their growth strategy.
For the purpose of this study, Grand View Research has segmented the construction equipment market on the basis of product and region:
Construction Equipment Product Outlook (Revenue, USD Billion, 2012 - 2020)
Earth Moving Machinery
Excavators
Loaders
Others
Material Handling Machinery
Crawler Cranes
Trailer Mounted Cranes
Truck Mounted Cranes
Others
Concrete & Road Construction Equipment
Concrete Mixers & Pavers
Construction Pumps
Others
Others
Construction Equipment Regional Outlook (Revenue, USD Billion, 2012 - 2020)
North America
Europe
Asia Pacific
China
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Construction Equipment - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Construction Equipment Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Construction Equipment Value Chain Analysis 2.3.1 Key Driver Analysis 2.3.1.1 Growing infrastructure development 2.3.1.2 Increasing number of mining activities 2.3.1.3 Technological development 2.3.2 Key Restraint Analysis 2.3.2.1 Safety and security considerations 2.3.2.2 High level of investment 2.3.2.3 Emission regulations 2.4 Construction Equipment Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Construction Equipment - Company Market Share Analysis, 2013 2.8 Construction Equipment - PESTEL Analysis Chapter 3 Construction Equipment Product Outlook 3.1 Earth Moving Machinery 3.1.1 Earth moving machinery demand by region, (USD Billion), 2012 - 2020 3.1.2 Excavators 3.1.2.1 Excavators demand by region, (USD Billion), 2012 - 2020 3.1.3 Loaders 3.1.3.1 Loaders demand by region, (USD Billion), 2012 - 2020 3.1.4 Others 3.1.4.1 Demand for other earth moving machinery by region, (USD Billion), 2012 - 2020 3.2 Material Handling Machinery 3.2.1 Material handling machinery demand by region, (USD Billion), 2012 - 2020 3.2.2 Crawler Cranes 3.2.2.1 Crawler cranes demand by region, (USD Billion), 2012 - 2020 3.2.3 Trailer Mounted Cranes 3.2.3.1 Trailer mounted cranes demand by region, (USD Billion), 2012 - 2020 3.2.4 Truck Mounted Cranes 3.2.4.1 Truck mounted cranes demand by region, (USD Billion), 2012 - 2020 3.2.5 Others 3.2.5.1 Other material handling machinery demand by region, (USD Billion), 2012 - 2020 3.3 Concrete & Road Construction Equipment 3.3.1 Concrete & road construction equipment demand by region, (USD Billion), 2012 - 2020 3.3.2 Concrete Mixers & Pavers 3.3.2.1 Concrete mixers & pavers demand by region, (USD Billion), 2012 - 2020 3.3.3 Construction Pumps 3.3.3.1 Construction pumps demand by region, (USD Billion), 2012 - 2020 3.3.4 Others 3.3.4.1 Other concrete & road construction equipment demand by region, (USD Billion), 2012 - 2020 3.4 Others 3.4.1 Other construction equipment demand by region, (USD Billion), 2012 - 2020 Chapter 4 Construction Equipment Regional Outlook 4.1 North America 4.1.1 North America construction equipment market by product, (USD Billion), 2012 - 2020 4.2 Europe 4.2.1 Europe construction equipment market by product, (USD Billion), 2012 - 2020 4.3 Asia Pacific 4.3.1 Asia Pacific construction equipment market by product, (USD Billion), 2012 - 2020 4.3.2 China 4.3.2.1 China construction equipment market by product, (USD Billion), 2012 - 2020 4.4 RoW 4.4.1 RoW construction equipment market by product, (USD Billion), 2012 - 2020 Chapter 5 Construction Equipment - Competitive Landscape 5.1 Atlas Copco 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Caterpillar Inc. 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 CNH Global NV 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 Doosan 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Escorts Group 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Hitachi Construction Machinery 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Hyundai Heavy Industries Ltd 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 JCB 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 John Deere 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Komatsu Ltd. 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Liebherr-International AG 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Manitou Group 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 Manitowoc Group 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Mitsubishi 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 Sany Heavy Industries Co Ltd 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking 5.15.4 Strategic Initiatives 5.16 Sumitomo Heavy Industries Ltd 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives 5.17 Terex Corporation 5.17.1 Company Overview 5.17.2 Financial Performance 5.17.3 Product Benchmarking 5.17.4 Strategic Initiatives 5.18 Volvo Construction Equipment AB 5.18.1 Company Overview 5.18.2 Financial Performance 5.18.3 Product Benchmarking 5.18.4 Strategic Initiatives Chapter 6 Methodology and Scope 6.1 Research Methodology 6.2 Research Scope & Assumption 6.3 List of Data Sources List of Tables Construction Equipment - Industry Summary & Critical Success Factors (CSFs) Global construction equipment market (USD Billion), 2012 - 2020 Global construction equipment market by region (USD Billion), 2012 - 2020 Global construction equipment market by product (USD Billion), 2012 - 2020 Global earth moving machinery demand, (USD Billion), 2012 - 2020 Global earth moving machinery demand by region, (USD Billion), 2012 - 2020 Global excavators demand, (USD Billion), 2012 - 2020 Global excavators demand by region, (USD Billion), 2012 - 2020 Global loaders demand, (USD Billion), 2012 - 2020 Global loaders demand by region, (USD Billion), 2012 - 2020 Global demand for other earth moving machinery, (USD Billion), 2012 - 2020 Global demand for other earth moving machinery by region, (USD Billion), 2012 - 2020 Global material handling machinery demand, (USD Billion), 2012 - 2020 Global material handling machinery demand by region, (USD Billion), 2012 - 2020 Global crawler cranes demand, (USD Billion), 2012 - 2020 Global crawler cranes demand by region, (USD Billion), 2012 - 2020 Global trailer mounted cranes demand, (USD Billion), 2012 - 2020 Global trailer mounted cranes demand by region, (USD Billion), 2012 - 2020 Global truck mounted cranes demand, (USD Billion), 2012 - 2020 Global truck mounted cranes demand by region, (USD Billion), 2012 - 2020 Global other material handling machinery demand, (USD Billion), 2012 - 2020 Global other material handling machinery demand by region, (USD Billion), 2012 - 2020 Global concrete & road construction equipment demand, (USD Billion), 2012 - 2020 Global concrete & road construction equipment demand by region, (USD Billion), 2012 - 2020 Global concrete mixers & pavers demand, (USD Billion), 2012 - 2020 Global concrete mixers & pavers demand by region, (USD Billion), 2012 - 2020 Global construction pumps demand, (USD Billion), 2012 - 2020 Global construction pumps demand by region, (USD Billion), 2012 - 2020 Global other concrete & road construction equipment demand, (USD Billion), 2012 - 2020 Global other concrete & road construction equipment demand by region, (USD Billion), 2012 - 2020 Global other construction equipment demand, (USD Billion), 2012 - 2020 Global other construction equipment demand by region, (USD Billion), 2012 - 2020 North America construction equipment market by product (USD Billion), 2012 - 2020 Europe construction equipment market by product (USD Billion), 2012 - 2020 Asia Pacific construction equipment market by product (USD Billion), 2012 - 2020 China construction equipment market by product (USD Billion), 2012 - 2020 RoW construction equipment market by product (USD Billion), 2012 - 2020 List of Figures Construction Equipment Market Segmentation Global Construction Equipment market (Revenue), 2012 - 2020 Construction Equipment value chain analysis Construction Equipment market dynamics Construction Equipment - Company market share analysis, 2013 Key Opportunities Prioritized Industry Analysis - Porter's Construction Equipment PESTEL Analysis, 2013 Construction equipment market share by product, 2012 & 2020 Global earth moving machinery demand, (USD Billion), 2012 - 2020 Global material handling machinery demand, (USD Billion), 2012 - 2020 Global concrete & road construction equipment demand, (USD Billion), 2012 - 2020 Global other construction equipment demand, (USD Billion), 2012 - 2020 Construction equipment market share by region, 2012 & 2020 North America construction equipment market, by product (USD Billion), 2012 - 2020 Europe construction equipment market, by product (USD Billion), 2012 - 2020 Asia Pacific construction equipment market, by product (USD Billion), 2012 - 2020 China construction equipment market, by product (USD Billion), 2012 - 2020 RoW construction equipment market, by product (USD Billion), 2012 - 2020
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