Heavy Construction Equipment Market Estimated to Expand at a Robust CAGR of 5.4% by 2025 | Grand View Research, Inc.

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Heavy Construction Equipment Market Estimated to Expand at a Robust CAGR of 5.4% by 2025 | Grand View Research, Inc.

June 28
04:10 2019
Heavy Construction Equipment Market Estimated to Expand at a Robust CAGR of 5.4% by 2025 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
The global heavy construction equipment market size was valued at USD 55.9 billion in 2016. Increased investment in the infrastructure sector is expected to drive growth over the forecast period.

The global heavy construction equipment market is expected to reach USD 90.4 billion by 2025 at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Increased investment in infrastructure has been a major factor driving market growth.

Rise in infrastructural development around the world is the key catalyst that will propel market growth over the forecast period. Infrastructural development results in increased construction activities, which eventually creates a demand for heavy duty construction equipment. Developed infrastructure boosts economic growth by assisting cross-border trade and industrial growth.

Private financing is a key way to fund infrastructural development plans. For instance, infrastructure development in India has witnessed increased participation of private players in recent years. Moreover, the Indian government has increased its budget for infrastructural development.

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U.S. heavy construction equipment market revenue, by application, 2014 - 2025 (USD Billion)

Heavy construction equipment market is likely to witness high demand due to various government initiatives to expand airports globally. As of January 2015, global investments for construction of airports was nearly USD 540.0 billion. For instance, news reports suggest that the total number of passengers traveling via Mumbai (India) airport has tripled in the last decade. To overcome this, the Indian government has approved an investment of USD 2 billion for the construction of the Navi Mumbai airport, which will help distribute domestic and international passengers.  Development plans such as these are sure to give the global market a major boost.

Further key findings from the report suggest:

  • The global heavy construction equipment market demand was valued at USD 55.9 billion in 2016 and is expected to register a CAGR of 5.4% from 2017 to 2025. Increased investments in  the infrastructure sector, especially in developing countries such as India, Malaysia, and Indonesia, is a key factor
  • Earth moving machinery emerged as the largest product segment and is estimated to generate a revenue of USD 36.6 billion by 2025. This can be attributed to rise in investments to develop airports across the globe
  • Real estate is anticipated to be the fastest-growing application segment over the forecast period with a CAGR of 6.3%. This sector is driven by development of smart cities in countries such as India, France, and Singapore
  • Asia Pacific is anticipated to register the fastest growth, registering a CAGR of 6.6% by 2025. This can be attributed to growth of construction activities in countries such as India, Malaysia, and China
  • Key market players include Komatsu Ltd.; Volvo; Caterpillar Inc.; and Hitachi Construction Machinery. Market players have forward integrated their operations to gain competitive advantage in the global market
  • In 2016, SRB Group of India entered into a joint venture with Russia-based Uralmash Machine-Building Corporation to manufacture heavy duty construction equipment for the Indian market

Global heavy construction equipment market, by region, 2016 (%)

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Key Topics Covered 

Table of Content

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research scope and assumptions
Chapter 2 Executive Summary
                 2.1 Heavy duty construction equipment market – Industry snapshot
Chapter 3 Heavy duty construction equipment Market Variables, Trends and Scope
                 3.1 Market segmentation
                 3.2 Market size and growth prospects, 2014 – 2025
                 3.3 Value chain analysis
                 3.4 Heavy duty construction equipment market dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Steady investment in the infrastructure sector
                     3.4.2 Market restraint analysis
                         3.4.2.1 Rental and refurbishment market growing
                     3.4.3 Key opportunities – Prioritized
                     3.4.4 Industry analysis – Porter’s
                 3.5 PESTEL analysis
Chapter 4 Heavy Duty Construction Equipment Market: Product Estimates & Trend Analysis
                 4.1 Global heavy duty construction equipment market share by product, 2016 & 2025
                 4.2 Earth moving machinery
                     4.2.1 Market estimates & forecasts, by earth moving machinery, 2014 – 2025 (USD Million)
                 4.3 Material handling machinery
                     4.3.1 Market estimates & forecasts, by material handling machinery, 2014 – 2025 (USD Million)
                 4.4 Concrete and road machinery
                     4.4.1 Market estimates & forecasts, concrete and road machinery, 2014 – 2025 (USD Million)
                 4.5 Others
                     4.5.1 Market estimates & forecasts, from others, 2014 – 2025 (USD Million)
Chapter 5 Heavy Duty Construction Equipment market: Application Estimates & Trend Analysis
                 5.1 Global heavy duty construction equipment market share by application, 2016 & 2025
                 5.2 Infrastructure
                     5.2.1 Market estimates & forecasts, by infrastructure, 2014 – 2025 (USD Million)
                 5.3 Real estate
                     5.3.1 Market estimates & forecasts, by real estate, 2014 – 2025 (USD Million)
                 5.4 Others
                     5.4.1 Market estimates & forecasts, by others, 2014 – 2025 (USD Million)

….continue

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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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