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Global Construction Machinery Market 2018-2022

Published: Jan, 2018 | Pages: 150 | Publisher: Technavio
Industry: Construction | Report Format: Electronic (PDF)

The global construction machinery market is expected to display higher growth rate by next five years. The construction machinery market is subject to witness a substantial growth due to the growing investment by government authorities and private bodies for public & commercial infrastructure, particularly in the developing economies across the globe. 

Additionally, shifting trend towards rental services of heavy-duty machinery has led to high-end demand for construction machinery in the last few years. Globally, the construction machinery market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for market players to invest in research and development of the construction machinery industry.

Increasing demand from residential sector for construction machinery or equipment due to rapid urbanization, majorly in developing economies such as India and China is expected to trigger market growth over the forecast period. Additionally, rapid urbanization has led to infrastructural development such as residential buildings, schools, colleges, clinics, roads and commercial spaces. Massive funding from local government to cater to these demands for the public infrastructure is predicted to drive market expansion in the upcoming years. 

Moreover, improvement in the existing infrastructure is one of the key drivers for robust market growth. Introduction of off-highway machinery, manufactured with the help of high strength materials are propelling the market growth as well. High strength materials are capable of withstanding harsh environmental condition that are essential while performing heavy-duty tasks. 

In addition, most of the heavy-duty construction machinery exhibit a longer lifespan up to ten years, thus offering cost-effective solution for small to medium-sized businesses. Increase in the number of independent and small-scale builders or contractors is expected to benefit market growth in years to come. However, higher intimal cost of these machinery and lack of financial capacity to own the heavy-duty equipment by independent and small-scale builders or contractors are anticipated to negatively affect market performance. 

In addition, numerous construction projects need construction equipment on temporary basis. Many companies prefer  reusing  existing machineries due to their longer life span along with additional improvement to  boost up their profit margin, thus limiting the market progress to  greater extent. Yet, increase in number of rental services for construction machinery is expected to boost market advancement in the near future. Growing profitability in the rental business segment is expected to offer lucrative growth opportunities for industry players over the forecast period. The recent technological advancement in building & construction sector coupled with development of novel products such as wheel loader, hybrid excavator and compact track loader are propelling market demand for construction machinery over next five years.

The construction machinery market is broadly divided into three major segments based on product type such as earth moving, material handling, and concrete & road construction machinery. Earth moving machinery is considered as one of the fastest growing segment in the construction machinery market with substantial revenue generation in the last couple of years. Growing demand of earth moving machinery is attributed to high-end demand form mining sector. The material handling segment has also witnessed massive growth, in the last few years owing to increasing demand for mini excavators and other such machines. 

The construction machinery market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in heavy-automotive sector, high-end demand for heavy construction equipment such as motor graders and loaders, and existence of well-established industrial infrastructure in the region. 

Asia-Pacific region is predicted to hold major market share in the construction machinery market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising commercial infrastructural activities, increasing governmental funding for public infrastructure, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the construction machinery market are Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Atlas Copco AB, Liebherr Group, and The Volvo Group.

About Construction Machinery 

The global construction machinery market presents the market analysis of various machineries that are widely used in construction and mining industries worldwide. The global construction machinery market includes: Wheeled loaders, Crawler excavators, Skid-steer loaders, Backhoe loaders, Cranes, Conveyor systems, Hoist, Forklift, and Grader.

Technavio's analysts forecast the global construction machinery market to grow at a CAGR of 8.07% during the period 2018-2022.

Covered in this report 
The report covers the present scenario and the growth prospects of the global construction machinery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Construction Machinery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• AB Volvo
• Caterpillar
• Doosan Infracore
• Hitachi Construction Machinery
• J C Bamford Excavators
• Komatsu
• Terex

Other prominent vendors 
• CNH Industrial
• Liugong Machinery
• HIDROMEK
• Lonking Machinery
• Manitou
• SANY GROUP
• Shantui Construction Machinery
• Sumitomo Heavy Industries

Market driver 
• Growth in government spending toward infrastructure
• For a full, detailed list, view our report 

Market trend 
• Growing trend of skyscrapers and mixed-use developments
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
 Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
• Market outline

PART 05: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 06: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022

PART 07: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT
• Segmentation by product
• Comparison by product
• Earthmoving machinery - Market size and forecast 2017-2022
• Material handling machinery - Market size and forecast 2017-2022
• Concrete and road construction machinery - Market size and forecast 2017-2022
• Market opportunity by product

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• APAC - Market size and forecast 2017-2022
• EMEA - Market size and forecast 2017-2022
• Americas - Market size and forecast 2017-2022
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges 

PART 13: MARKET TRENDS
• Growing trend of skyscrapers and mixed-use developments
• Growing construction of green buildings
• Telematics in construction
• Growth in modular and panelized constructions

PART 14: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario

PART 15: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• AB Volvo
• Caterpillar
• Doosan Infracore
• Hitachi Construction Machinery
• J C Bamford Excavators
• Komatsu
• Terex

PART 16: APPENDIX
• List of abbreviations

List of Exhibits

Exhibit 01: Current market scenario and future projections of each product type 2017-2022
Exhibit 02: Current market scenario and future projections of each geographical region 2017-2022
Exhibit 03: Related market
Exhibit 04: Global construction market
Exhibit 05: Market characteristics
Exhibit 06: Market segments
Exhibit 07: Market definition - Inclusions and exclusions checklist
Exhibit 08: Market size 2017
Exhibit 09: Validation techniques employed for market sizing 2017
Exhibit 10: Global - Market size and forecast 2017-2022 ($ bn)
Exhibit 11: Regional change in population by 2050 when compared with 2015 (in %)
Exhibit 12: Global - Year-over-year growth 2018-2022 (%)
Exhibit 13: Trends of household sizes in major economies (2000-2012)
Exhibit 14: Global social infrastructure spending 2016-2020 (%)
Exhibit 15: Global transportation infrastructure spending 2016-2020 (%)
Exhibit 16: Global telecommunications infrastructure spending 2016-2020 (%)
Exhibit 17: Five forces analysis 2017
Exhibit 18: Five forces analysis 2022
Exhibit 19: Bargaining power of buyers
Exhibit 20: Bargaining power of suppliers
Exhibit 21: Threat of new entrants
Exhibit 22: Threat of substitutes
Exhibit 23: Threat of rivalry
Exhibit 24: Market condition - Five forces 2017
Exhibit 25: Product - Market share 2017-2022 (%)
Exhibit 26: Comparison by product
Exhibit 27: Earthmoving machinery - Market size and forecast 2017-2022 ($ bn)
Exhibit 28: Earthmoving machinery - Year-over-year growth 2018-2022 (%)
Exhibit 29: Different earthmoving machinery considered in the report
Exhibit 30: Material handling machinery - Market size and forecast 2017-2022 ($ bn)
Exhibit 31: Material handling machinery- Year-over-year growth 2018-2022 (%)
Exhibit 32: Skyscraper projects undergoing worldwide
Exhibit 33: Concrete and road construction machinery - Market size and forecast 2017-2022 ($ bn)
Exhibit 34: Concrete and road construction machinery - Year-over-year growth 2018-2022 (%)
Exhibit 35: International tourism, number of arrivals 2010-2015
Exhibit 36: Market opportunity by product
Exhibit 37: Customer landscape
Exhibit 38: Global - Market share by geography 2017-2022 (%)
Exhibit 39: Regional comparison
Exhibit 40: APAC- Market size and forecast 2017-2022 ($ bn)
Exhibit 41: APAC - Year-over-year growth 2018-2022 (%)
Exhibit 42: Comparison of urban population (as a % of total) in APAC and the world, 2008-2015
Exhibit 43: Key infrastructure projects having high planned expenditure in Southeast Asia
Exhibit 44: Top 3 countries in APAC
Exhibit 45: EMEA - Market size and forecast 2017-2022 ($ bn)
Exhibit 46: Long-term interest rates (Total, % per annum)
Exhibit 47: Germany building permits- monthly 2015 (Index=100)
Exhibit 48: EMEA - Year-over-year growth 2018-2022 (%)
Exhibit 49: Top 3 countries in EMEA
Exhibit 50: Americas- Market size and forecast 2017-2022 ($ bn)
Exhibit 51: New housing units started 2011-2016
Exhibit 52: Americas - Year-over-year growth 2018-2022 (%)
Exhibit 53: Top 3 countries in Americas
Exhibit 54: Market opportunity
Exhibit 55: Inland total infrastructure spending by China and India 2010-2015
Exhibit 56: Project pilot cities, where project experts in cooperation with local authorities will collect data and prepare city profiles
Exhibit 57: Anticipated incremental growth in global smart cities market 2017-2026
Exhibit 58: Interest rates (% per annum)
Exhibit 59: Expected global sporting event expenditure ($ billions) 2018-2025
Exhibit 60: Global equipment rental market by construction industry 2016-2021 ($ billions)
Exhibit 61: Advantages of dry construction
Exhibit 62: Major skyscraper projects under construction worldwide
Exhibit 63: Advantages of modular and panelized constructions over on-site construction
Exhibit 64: Vendor landscape
Exhibit 65: Landscape disruption
Exhibit 66: Vendors covered
Exhibit 67: Vendor classification
Exhibit 68: Market positioning of vendors
Exhibit 69: Vendor overview
Exhibit 70: AB Volvo - Business segments
Exhibit 71: AB Volvo- Organizational developments
Exhibit 72: AB Volvo - Geographic focus
Exhibit 73: AB Volvo - Segment focus
Exhibit 74: AB Volvo - Key offerings
Exhibit 75: Vendor overview
Exhibit 76: Caterpillar - Business segments
Exhibit 77: Caterpillar - Organizational developments
Exhibit 78: Caterpillar - Geographic focus
Exhibit 79: Caterpillar - Segment focus
Exhibit 80: Caterpillar - Key offerings
Exhibit 81: Vendor overview
Exhibit 82: Doosan Infracore - Business segments
Exhibit 83: Doosan Infracore- Organizational developments
Exhibit 84: Doosan Infracore - Geographic focus
Exhibit 85: Doosan Infracore - Segment focus
Exhibit 86: Doosan Infracore - Key offerings
Exhibit 87: Vendor overview
Exhibit 88: Hitachi Construction Machinery - Business segments
Exhibit 89: Hitachi Construction Machinery - Organizational developments
Exhibit 90: Hitachi Construction Machinery - Geographic focus
Exhibit 91: Hitachi Construction Machinery - Segment focus
Exhibit 92: Hitachi Construction Machinery - Key offerings
Exhibit 93: Vendor overview
Exhibit 94: J C Bamford Excavators - Business segments
Exhibit 95: J C Bamford Excavators - Organizational developments
Exhibit 96: J C Bamford Excavators - Geographic focus
Exhibit 97: J C Bamford Excavators - Segment focus
Exhibit 98: J C Bamford Excavators - Key offerings
Exhibit 99: Komatsu overview
Exhibit 100: Komatsu - Business segments
Exhibit 101: Komatsu - Organizational developments
Exhibit 102: Komatsu - Geographic focus
Exhibit 103: Komatsu - Segment focus
Exhibit 104: Komatsu - Key offering
Exhibit 105: Vendor overview
Exhibit 106: Terex - Business segments
Exhibit 107: Terex - Organizational developments
Exhibit 108: Terex - Geographic focus
Exhibit 109: Terex - Segment focus
Exhibit 110: Terex - Key offerings

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