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The construction machinery market is segmented by Machinery Type (Cranes, Telescopic Handling, Excavator, Loaders and Backhoe, Motor Grader and Others), Drive Type (Hydraulic, and Electric and Hybrid), and Geography.
Fastest Growing Market:
Greater Than 7.5 %
The construction machinery market is expected to register a CAGR of over 7.5%, during the forecast period, 2020 - 2025.
Construction machinery is also referred as heavy-duty vehicle, specially designed for executing construction tasks, such as construction of roads, buildings or any other infrastructures and excluding mining activities like surface mining and underground mining.
The construction machinery market study includes machinery, such as Cranes, Telescopic Handling, Excavator, Loaders and Backhoe, Motor Grader and Others, as well as drive type, such as Hydraulic, and Electric & Hybrid.
|Loader & Backhoe|
|Electric and Hybrid|
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The market for cranes is expected to grow at a steady pace, witnessing a CAGR of over 7%, during the forecast period.
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The Asia-Pacific construction machinery market is projected to register a CAGR of over 7.5% during the forecast period. Asia-Pacific ranks first in the construction equipment market with major market share held by China, India, and Japan. The progress of South-North water transfer plant project in China, anticipated to complete by 2050, would deploy various construction machinery either by leasing or owning the machinery, thus growing the demand for construction machinery over next three decades.
The increasing number of dam construction, real-estate business, commercial and residential complexes, and expansion of rail and road infrastructure in the APAC region are few drivers for the construction machinery market.
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Some of the major companies that dominated the market studied are Caterpillar Inc., Kobelco Construction Machinery Co., Ltd, CNH Industrial NV, Deere & Company, Komatsu Ltd, JCB India Limited, Volvo Group, Doosan Infracore, and XCMG, captured about 40% of the market share in 2019.
The construction machinery market is characterized by the presence of numerous international and regional players, resulting in a highly competitive market environment. Apart from the above top players, small-scale or domestic players have been accounted for a significant share of more than 50% of the market in 2019.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Machinery Type
5.1.2 Telescopic Handlers
5.1.4 Loader & Backhoe
5.1.5 Motor Grader
5.2 Drive Type
5.2.2 Electric and Hybrid
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.3.4 South America
22.214.171.124 Rest of South America
5.3.5 Middle-East and Africa
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Caterpillar Inc.
6.2.2 JCB India Limited
6.2.3 CNH Industrial NV
6.2.4 Hitachi Construction Machinery Co Ltd
6.2.5 Deere & Company
6.2.6 Kobelco Construction Machinery Co., Ltd
6.2.7 Komatsu Ltd
6.2.8 Liebherr-International Deutschland GmbH
6.2.9 Manitou BF, SA
6.2.10 Mitsubishi Heavy Industries Ltd
6.2.11 Volvo Group
6.2.12 Zoomlion Heavy Industry Sci & Tch Co Ltd
6.2.13 Terex Corporation
6.2.14 Sany Heavy Industry Co., LTD
6.2.15 XCMG Construction Machinery Co Ltd
6.2.16 Doosan Infracore Co Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS