Heavy Construction Equipment Market Is Expected To Reach $301.65 Billion By 2032

Zion Market Research has published a new report titled “Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles, and Others), by Application (Excavation & Demolition, Heavy Lifting, Tunneling, Transportation, Recycling & Waste Management, and Material Handling), and by End-User (Construction & Manufacturing, Public Work & Railroad, Oil & Gas, Mining, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global heavy construction equipment market was valued at $199.18 billion in 2023 and is slated to hit $301.65 billion by the end of 2032 with a CAGR of nearly 4.72% between 2024 and 2032.

Heavy construction equipment is widely used in the construction industry for various applications, such as transportation, excavation, material handling, etc.

Browse the full “Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles, and Others), by Application (Excavation & Demolition, Heavy Lifting, Tunneling, Transportation, Recycling & Waste Management, and Material Handling), and by End-User (Construction & Manufacturing, Public Work & Railroad, Oil & Gas, Mining, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/heavy-construction-equipment-market

The global heavy construction equipment market is expected to grow significantly within the next few years, owing to the rising product demand from various industries, such as construction, mining, and oil and gas. Moreover, rapidly growing infrastructural activities in emerging countries, such as China, Japan, India, South Korea, and Brazil, are also projected to propel the heavy construction equipment market in the years ahead. However, strict government regulations on heavy construction equipment may hinder the market progress in the future. Alternatively, the increasing investments and government support for construction and infrastructure are anticipated to offer lucrative opportunities for the heavy construction equipment market in the future.

The global heavy construction equipment market is classified based on type, application, and end-user industry. By type, the global heavy construction equipment includes material handling, heavy construction vehicles, earthmoving, and others. The earthmoving segment is held the largest market share in 2018, owing to the rising demand for earthmoving in various industries like mining, construction, and oil and gas. Moreover, the material handling segment is expected to grow at the fastest pace in the upcoming years. By application, the market is segmented into heavy lifting, excavation and demolition, transportation, recycling and waste management, tunneling, and material handling.

The excavation and demolition segment contributed the largest share toward the global heavy construction equipment market in 2018 and is likely to dominate in the upcoming years as well. By end-user industry, the market includes construction and manufacturing, public work and railroad, oil and gas, mining, and others. In 2018, the construction and manufacturing segment dominated the global market and is anticipated to continue its dominance in the future as well.

Regionally, Asia Pacific contributed the largest share to the global heavy construction equipment market in 2018 and is anticipated to lead the market in the future as well. This regional growth can be attributed to the region’s thriving construction industry and improving economic conditions. North America will be the second largest regional market for heavy construction equipment, followed by Europe, in the years ahead.

Some key players of the global heavy construction equipment market are

• J C Bamford Excavators Ltd.
• AB Volvo
• Hitachi Construction Machinery Co. Ltd.
• Caterpillar, Inc.
• Komatsu Ltd.
• Doosan Infracore Co. Ltd.
• Hyundai Heavy Industries Co. Ltd.
• Liebherr Group
• Terex Corporation
• Sany Heavy Industries Co. Ltd.
• Deere & Company
• Xuzhou Construction Machinery Group Co. Ltd.
• and Shandong Heavy Industry Group Co. Ltd

This report segments the global heavy construction equipment market into:

Global Heavy Construction Equipment Market: Type Analysis

• Earthmoving
• Material Handling
• Heavy Construction Vehicles
• Others (Pavers/Asphalt Finishers/Compactors and Road Rollers)

Global Heavy Construction Equipment Market: Application Analysis

• Excavation and Demolition
• Heavy Lifting
• Tunneling
• Transportation
• Recycling and Waste Management
• Material Handling

Global Heavy Construction Equipment Market: End-User Industry Analysis

• Construction and Manufacturing
• Public Work and Rail Road
• Oil and Gas
• Mining
• Others (Forestry and Agriculture and Military)

Global Heavy Construction Equipment Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com