Asia Pacific Construction Equipment Market Size & Outlook
Asia Pacific construction equipment market, 2016-2030 (US$M)
Related Markets
Asia Pacific construction equipment market highlights
- The Asia Pacific construction equipment market generated a revenue of USD 56,861.9 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, earth moving machinery was the largest revenue generating product in 2022.
- Concrete and Road Construction Machinery is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 56,861.9 million |
| Market revenue in 2030 | USD 80,248.8 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Earth moving machinery |
| Fastest growing segment | Concrete and Road Construction Machinery |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery |
| Key market players worldwide | Caterpillar Inc, CNH Industrial NV, Deere & Co, Doosan Heavy Industries & Construction, Kubota Corp, Hitachi Ltd, Hyundai Motor Co, Komatsu Ltd, Liebherr Group, Manitou BF SA, Sany Heavy Equipment International Holdings Co Ltd, Terex Corp, Volvo AB ADR, Wacker Neuson SE, Zoomlion Heavy Industry Science and Technology Co Ltd ADR, JCB, XCMG, XCMG Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 47.8% of the global construction equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 80,248.8 million by 2030.
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Construction Equipment Market Scope
Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific construction equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction equipment market will help companies and investors design strategic landscapes.
Earth moving machinery was the largest segment with a revenue share of 62.38% in 2022. Horizon Databook has segmented the Asia Pacific construction equipment market based on earth moving machinery, material handling machinery, concrete and road construction machinery covering the revenue growth of each sub-segment from 2016 to 2030.
- Asia Pacific Construction Equipment Product Outlook (Revenue, USD Million, 2016-2030)
- Earth Moving Machinery
- Excavator
- Loader
- Others
- Material Handling Machinery
- Crawler Crane
- Trailer Mounted Crane
- Truck Mounted Crane
- Concrete and Road Construction Machinery
- Concrete Mixer & Paver
- Construction Pumps
- Others
- Earth Moving Machinery
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Target buyers of Asia Pacific construction equipment market databook
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Our clientele includes a mix of construction equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific construction equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific construction equipment market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific construction equipment market size, by country, 2016-2030 (US$M)
Asia Pacific Construction Equipment Market Outlook Share, 2022 & 2030 (US$M)
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