Global Heavy Construction Equipment Market Size & Outlook
Global heavy construction equipment market, 2018-2030 (US$M)
Global heavy construction equipment market highlights
- The global heavy construction equipment market generated a revenue of USD 204.4 million in 2023 and is expected to reach USD 289.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.1% by 2030.
- In terms of segment, earthmoving equipment accounted for a revenue of USD 199.4 million in 2023.
- Earthmoving Equipment is the most lucrative machinery type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 204.4 million |
| Market revenue in 2030 | USD 289.3 million |
| Growth rate | 5.1% (CAGR from 2024 to 2030) |
| Largest segment | Earthmoving equipment |
| Fastest growing segment | Earthmoving Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Earthmoving Equipment, Material Handling Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 32.1% of the global heavy construction equipment market in 2023.
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Heavy Construction Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| XCMG Group | View profile | 10001+ | Xuzhou, Jiangsu, China, Asia | http://xcmg.com/ |
| Sany Heavy Equipment International Holdings Co Ltd | View profile | 9324 | No. 25, 16 Kaifa Road, Economic and Technological Development Area, Liaoning Province, Shenyang, China, People's Republic of, 110000 | http://www.sanyhe.com |
| Liebherr Group | View profile | 10001+ | Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe | http://www.liebherr.com |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Hitachi Construction Machinery Co Ltd | View profile | 27697 | 16-1, Higashiueno 2-chome, Taito-ku, Tokyo, Japan, 110-0015 | https://www.hitachicm.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Global heavy 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 heavy construction equipment market will help companies and investors design strategic landscapes.
Earthmoving equipment was the largest segment with a revenue share of 97.55% in 2023. Horizon Databook has segmented the Global heavy construction equipment market based on earthmoving equipment, material handling equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Heavy Construction Equipment Machinery Type Outlook (Revenue, USD Million, 2018-2030)
- Heavy Construction Equipment
- Others
- Material Handling Equipment
- Earthmoving Equipment
- Global Heavy Construction Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Material Handling
- Recycling & Waste Management
- Heavy Lifting
- Transportation
- Excavation & Demolition
- Tunneling
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Target buyers of Global heavy construction equipment market databook
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Our clientele includes a mix of heavy 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 global-level data and insights on the Global heavy construction equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global heavy construction equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global heavy construction equipment market size, by regions, 2018-2030 (US$M)
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