1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 35
1.3 STUDY SCOPE 35
FIGURE 1 CONSTRUCTION EQUIPMENT MARKET SEGMENTATION 35
1.3.1 REGIONS COVERED 36
1.3.2 YEARS CONSIDERED 36
1.4 INCLUSIONS AND EXCLUSIONS 37
TABLE 1 INCLUSION AND EXCLUSIONS 37
1.5 CURRENCY CONSIDERED 38
TABLE 2 CURRENCY EXCHANGE RATES 38
1.6 UNIT CONSIDERED 39
1.7 STAKEHOLDERS 39
1.8 SUMMARY OF CHANGES 40
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 2 RESEARCH DESIGN 41
FIGURE 3 RESEARCH METHODOLOGY MODEL 42
2.1.1 SECONDARY DATA 43
2.1.1.1 Secondary sources 43
2.1.1.2 Key data from secondary sources 44
2.1.2 PRIMARY DATA 44
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 45
2.1.2.1 Primary participants 45
2.1.3 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS 45
2.2 MARKET SIZE ESTIMATION 46
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 46
2.2.1 BOTTOM-UP APPROACH 47
FIGURE 6 BOTTOM-UP APPROACH FOR EQUIPMENT TYPE, EQUIPMENT CATEGORY, COUNTRY-LEVEL, AND REGIONAL SEGMENTS 47
FIGURE 7 BOTTOM-UP APPROACH FOR RENTAL APPLICATION AND REGIONAL SEGMENTS 47
2.2.2 TOP-DOWN APPROACH 47
FIGURE 8 TOP-DOWN APPROACH FOR APPLICATION, PROPULSION, POWER OUTPUT, AND ENGINE CAPACITY SEGMENTS 47
2.3 DATA TRIANGULATION 48
FIGURE 9 DATA TRIANGULATION 48
 
2.4 FACTOR ANALYSIS 49
FIGURE 10 FACTORS INFLUENCING MARKET 49
FIGURE 11 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS 50
2.5 RECESSION IMPACT ANALYSIS 50
2.6 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 51
2.7 RESEARCH LIMITATIONS 52
3 EXECUTIVE SUMMARY 53
FIGURE 12 REPORT SUMMARY 53
FIGURE 13 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023 VS. 2030 54
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CONSTRUCTION EQUIPMENT MARKET 56
FIGURE 14 RISE IN URBAN INFRASTRUCTURE DEVELOPMENT PROJECTS 56
4.2 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 56
FIGURE 15 EARTHMOVING EQUIPMENT TO LEAD MARKET DURING FORECAST PERIOD 56
4.3 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 57
FIGURE 16 CRAWLER EXCAVATORS TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD 57
4.4 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 58
FIGURE 17 100–200 HP SEGMENT TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD 58
4.5 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 58
FIGURE 18 <5 L SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023 58 4.6 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE 59 FIGURE 19 SELECTIVE CATALYST REDUCTION TO BE LARGEST SEGMENT DURING FORECAST PERIOD 59 4.7 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 59 FIGURE 20 CNG/LNG/RNG TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 59 4.8 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION 60 FIGURE 21 COMMERCIAL SEGMENT TO RECORD HIGHEST DEMAND FOR CONSTRUCTION EQUIPMENT IN 2023 60 4.9 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 60 FIGURE 22 ELECTRIC DUMP TRUCKS TO ACQUIRE MAXIMUM MARKET SHARE IN 2030 60 4.10 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY 61 FIGURE 23 LITHIUM IRON PHOSPHATE TO COMMAND LARGER MARKET SHARE IN 2023 61 4.11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 61 FIGURE 24 COMMERCIAL SEGMENT TO SHOW MAXIMUM GROWTH DURING FORECAST PERIOD 61 4.12 CONSTRUCTION EQUIPMENT MARKET, BY REGION 62 FIGURE 25 ASIA TO DOMINATE CONSTRUCTION EQUIPMENT MARKET DURING FORECAST PERIOD 62 5 MARKET OVERVIEW 63 5.1 INTRODUCTION 63 5.2 MARKET DYNAMICS 64 FIGURE 26 CONSTRUCTION EQUIPMENT MARKET DYNAMICS 64 5.2.1 DRIVERS 64 5.2.1.1 Growth in infrastructure development projects 64 TABLE 3 INFRASTRUCTURE DEVELOPMENT PROJECTS 65 FIGURE 27 COMPACT CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021 VS. 2025 (UNITS) 68 5.2.1.2 Increasing demand for sustainable construction solutions 68 5.2.2 RESTRAINTS 70 5.2.2.1 Stringent international trade policies and mandates 70 5.2.3 OPPORTUNITIES 70 5.2.3.1 Ongoing developments in lithium battery chemistry 70 TABLE 4 SOLID-STATE VS. LITHIUM-ION BATTERIES 71 5.2.3.2 Advancements in autonomous construction equipment 71 5.2.3.3 Rapid digitalization of services 72 TABLE 5 DIGITAL SERVICES OFFERED BY OEMS 73 5.2.4 CHALLENGES 73 5.2.4.1 Limited battery capacity in electric equipment 73 5.2.4.2 Susceptibility to cyber attacks 74 5.3 TECHNOLOGY ANALYSIS 74 5.3.1 AUTONOMOUS CONSTRUCTION EQUIPMENT 74 5.3.2 MONITORING AND DIAGNOSIS VIA CONNECTED TECHNOLOGIES 74 5.3.3 GRADE CONTROL SYSTEMS 75 5.4 CASE STUDY ANALYSIS 75 5.4.1 PREDICTIVE MAINTENANCE 75 5.4.2 LOW-CARBON CONSTRUCTION MACHINERY 76 5.4.3 SMART CONSTRUCTION EQUIPMENT 76 5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77 FIGURE 28 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77 5.6 TOTAL COST OF OWNERSHIP OF CONSTRUCTION EQUIPMENT 77 5.7 PRICING ANALYSIS 78 TABLE 6 AVERAGE SELLING PRICE OF CONSTRUCTION EQUIPMENT, BY EQUIPMENT TYPE, 2021 VS. 2022 78 TABLE 7 AVERAGE SELLING PRICE OF AFTER-TREATMENT DEVICES, BY REGION, 2021 VS. 2022 79 5.8 ECOSYSTEM MAPPING 80 FIGURE 29 OFF-HIGHWAY VEHICLE MARKET ECOSYSTEM 80 FIGURE 30 CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM 81 TABLE 8 CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM 81 FIGURE 31 KEY PLAYERS IN CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM 83 5.9 SUPPLY CHAIN ANALYSIS 84 FIGURE 32 SUPPLY CHAIN ANALYSIS 84 5.10 PATENT ANALYSIS 85 TABLE 9 PATENT ANALYSIS 85 5.11 TRADE ANALYSIS 90 5.11.1 IMPORT DATA 90 TABLE 10 US: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 90 TABLE 11 CANADA: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 90 TABLE 12 CHINA: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 90 TABLE 13 JAPAN: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 91 TABLE 14 INDIA: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 91 TABLE 15 GERMANY: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 91 TABLE 16 FRANCE: CONSTRUCTION EQUIPMENT IMPORTS, BY COUNTRY (VOLUME) 92 5.11.2 EXPORT DATA 92 TABLE 17 US: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 92 TABLE 18 CHINA: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 92 TABLE 19 JAPAN: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 93 TABLE 20 INDIA: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 93 TABLE 21 GERMANY: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 93 TABLE 22 FRANCE: CONSTRUCTION EQUIPMENT EXPORTS, BY COUNTRY (VOLUME) 94 5.12 REGULATORY LANDSCAPE 94 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94 TABLE 23 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94 TABLE 24 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 96 TABLE 25 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97 TABLE 26 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98 TABLE 27 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98 5.12.2 REGULATORY ANALYSIS OF CONSTRUCTION EQUIPMENT MARKET 99 FIGURE 33 NON-ROAD MOBILE MACHINERY REGULATIONS OUTLOOK, 2019–2030 99 5.12.2.1 North America 100 5.12.2.1.1 US 100 TABLE 28 US: TIER 4 EMISSION STANDARDS 100 5.12.2.2 Europe 101 TABLE 29 EUROPEAN UNION: STAGE V EMISSION STANDARDS 101 5.12.2.3 Asia 101 5.12.2.3.1 China 101 TABLE 30 CHINA: CHINA IV EMISSION STANDARDS 101 5.12.2.3.2 India 102 TABLE 31 INDIA: CEV IV EMISSION STANDARDS 102 TABLE 32 INDIA: CEV V EMISSION STANDARDS 102 5.13 CONFERENCES AND EVENTS, 2022–2024 103 TABLE 33 CONFERENCES AND EVENTS, 2022–2024 103 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 104 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 104 FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 104 TABLE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 104 5.14.2 BUYING CRITERIA 105 FIGURE 35 KEY BUYING CRITERIA FOR TOP CONSTRUCTION EQUIPMENT 105 TABLE 35 KEY BUYING CRITERIA FOR TOP CONSTRUCTION EQUIPMENT 105 6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 106 6.1 INTRODUCTION 107 6.1.1 INDUSTRY INSIGHTS 107 FIGURE 36 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2030 (USD MILLION) 108 TABLE 36 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 109 TABLE 37 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 110 TABLE 38 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 111 TABLE 39 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 112 6.2 ARTICULATED DUMP TRUCKS 113 6.2.1 EASE OF MANEUVERABILITY ON ROUGH TERRAIN TO DRIVE GROWTH 113 TABLE 40 ARTICULATED DUMP TRUCKS MARKET, BY REGION, 2018–2022 (UNITS) 113 TABLE 41 ARTICULATED DUMP TRUCKS MARKET, BY REGION, 2023–2030 (UNITS) 113 TABLE 42 ARTICULATED DUMP TRUCKS MARKET, BY REGION, 2018–2022 (USD MILLION) 114 TABLE 43 ARTICULATED DUMP TRUCKS MARKET, BY REGION, 2023–2030 (USD MILLION) 114 6.3 ASPHALT FINISHERS 115 6.3.1 INCREASE IN ROAD CONSTRUCTION PROJECTS TO DRIVE GROWTH 115 TABLE 44 ASPHALT FINISHERS MARKET, BY REGION, 2018–2022 (UNITS) 115 TABLE 45 ASPHALT FINISHERS MARKET, BY REGION, 2023–2030 (UNITS) 115 TABLE 46 ASPHALT FINISHERS MARKET, BY REGION, 2018–2022 (USD MILLION) 116 TABLE 47 ASPHALT FINISHERS MARKET, BY REGION, 2023–2030 (USD MILLION) 116 6.4 BACKHOE LOADERS 117 6.4.1 RISE IN POWER PROJECTS TO DRIVE GROWTH 117 TABLE 48 BACKHOE LOADERS MARKET, BY REGION, 2018–2022 (UNITS) 117 TABLE 49 BACKHOE LOADERS MARKET, BY REGION, 2023–2030 (UNITS) 117 TABLE 50 BACKHOE LOADERS MARKET, BY REGION, 2018–2022 (USD MILLION) 118 TABLE 51 BACKHOE LOADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 118 6.5 CRAWLER DOZERS 119 6.5.1 BOOST IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES TO DRIVE GROWTH 119 TABLE 52 CRAWLER DOZERS MARKET, BY REGION, 2018–2022 (UNITS) 119 TABLE 53 CRAWLER DOZERS MARKET, BY REGION, 2023–2030 (UNITS) 119 TABLE 54 CRAWLER DOZERS MARKET, BY REGION, 2018–2022 (USD MILLION) 120 TABLE 55 CRAWLER DOZERS MARKET, BY REGION, 2023–2030 (USD MILLION) 120 6.6 CRAWLER EXCAVATORS 121 6.6.1 RISE IN INVESTMENTS IN CONSTRUCTION AND MINING INDUSTRIES TO DRIVE GROWTH 121 TABLE 56 CRAWLER EXCAVATORS MARKET, BY REGION, 2018–2022 (UNITS) 121 TABLE 57 CRAWLER EXCAVATORS MARKET, BY REGION, 2023–2030 (UNITS) 121 TABLE 58 CRAWLER EXCAVATORS MARKET, BY REGION, 2018–2022 (USD MILLION) 122 TABLE 59 CRAWLER EXCAVATORS MARKET, BY REGION, 2023–2030 (USD MILLION) 122 6.7 CRAWLER LOADERS 123 6.7.1 FOCUS ON INTEGRATION OF ADVANCED TECHNOLOGIES TO DRIVE GROWTH 123 TABLE 60 CRAWLER LOADERS MARKET, BY REGION, 2018–2022 (UNITS) 123 TABLE 61 CRAWLER LOADERS MARKET, BY REGION, 2023–2030 (UNITS) 123 TABLE 62 CRAWLER LOADERS MARKET, BY REGION, 2018–2022 (USD MILLION) 124 TABLE 63 CRAWLER LOADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 124 6.8 MINI EXCAVATORS 124 6.8.1 ABILITY TO WORK IN NARROW SPACES TO DRIVE GROWTH 124 TABLE 64 MINI EXCAVATORS MARKET, BY REGION, 2018–2022 (UNITS) 125 TABLE 65 MINI EXCAVATORS MARKET, BY REGION, 2023–2030 (UNITS) 125 TABLE 66 MINI EXCAVATORS MARKET, BY REGION, 2018–2022 (USD MILLION) 125 TABLE 67 MINI EXCAVATORS MARKET, BY REGION, 2023–2030 (USD MILLION) 126 6.9 MOTOR GRADERS 126 6.9.1 GOVERNMENT INITIATIVES FOR ROAD INFRASTRUCTURE DEVELOPMENT TO DRIVE GROWTH 126 TABLE 68 MOTOR GRADERS MARKET, BY REGION, 2018–2022 (UNITS) 127 TABLE 69 MOTOR GRADERS MARKET, BY REGION, 2023–2030 (UNITS) 127 TABLE 70 MOTOR GRADERS MARKET, BY REGION, 2018–2022 (USD MILLION) 127 TABLE 71 MOTOR GRADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 128 6.10 MOTOR SCRAPERS 128 6.10.1 EXTENSIVE USE IN CONSTRUCTION APPLICATIONS TO DRIVE GROWTH 128 TABLE 72 MOTOR SCRAPERS MARKET, BY REGION, 2018–2022 (UNITS) 128 TABLE 73 MOTOR SCRAPERS MARKET, BY REGION, 2023–2030 (UNITS) 129 TABLE 74 MOTOR SCRAPERS MARKET, BY REGION, 2018–2022 (USD MILLION) 129 TABLE 75 MOTOR SCRAPERS MARKET, BY REGION, 2023–2030 (USD MILLION) 129 6.11 ROAD ROLLERS 130 6.11.1 SURGE IN ROAD DEVELOPMENT PROJECTS IN EMERGING ECONOMIES TO DRIVE GROWTH 130 TABLE 76 ROAD ROLLERS MARKET, BY REGION, 2018–2022 (UNITS) 130 TABLE 77 ROAD ROLLERS MARKET, BY REGION, 2023–2030 (UNITS) 130 TABLE 78 ROAD ROLLERS MARKET, BY REGION, 2018–2022 (USD MILLION) 131 TABLE 79 ROAD ROLLERS MARKET, BY REGION, 2023–2030 (USD MILLION) 131 6.12 RIGID DUMP TRUCKS 131 6.12.1 LOW TIRE ROLLING RESISTANCE TO DRIVE GROWTH 131 TABLE 80 RIGID DUMP TRUCKS MARKET, BY REGION, 2018–2022 (UNITS) 132 TABLE 81 RIGID DUMP TRUCKS MARKET, BY REGION, 2023–2030 (UNITS) 132 TABLE 82 RIGID DUMP TRUCKS MARKET, BY REGION, 2018–2022 (USD MILLION) 132 TABLE 83 RIGID DUMP TRUCKS MARKET, BY REGION, 2023–2030 (USD MILLION) 133 6.13 RTLT MASTED 133 6.13.1 HEAVY MATERIAL HANDLING CAPACITY TO DRIVE GROWTH 133 TABLE 84 RTLT MASTED MARKET, BY REGION, 2018–2022 (UNITS) 133 TABLE 85 RTLT MASTED MARKET, BY REGION, 2023–2030 (UNITS) 134 TABLE 86 RTLT MASTED MARKET, BY REGION, 2018–2022 (USD MILLION) 134 TABLE 87 RTLT MASTED MARKET, BY REGION, 2023–2030 (USD MILLION) 134 6.14 RTLT TELESCOPIC 135 6.14.1 ADVANCEMENTS IN POWERTRAIN TO DRIVE GROWTH 135 TABLE 88 RTLT TELESCOPIC MARKET, BY REGION, 2018–2022 (UNITS) 135 TABLE 89 RTLT TELESCOPIC MARKET, BY REGION, 2023–2030 (UNITS) 135 TABLE 90 RTLT TELESCOPIC MARKET, BY REGION, 2018–2022 (USD MILLION) 136 TABLE 91 RTLT TELESCOPIC MARKET, BY REGION, 2023–2030 (USD MILLION) 136 6.15 SKID-STEER LOADERS 136 6.15.1 IMPROVED ENERGY EFFICIENCY TO DRIVE GROWTH 136 TABLE 92 SKID-STEER LOADERS MARKET, BY REGION, 2018–2022 (UNITS) 137 TABLE 93 SKID-STEER LOADERS MARKET, BY REGION, 2023–2030 (UNITS) 137 TABLE 94 SKID-STEER LOADERS MARKET, BY REGION, 2018–2022 (USD MILLION) 137 TABLE 95 SKID-STEER LOADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 138 6.16 WHEELED EXCAVATORS 138 6.16.1 EASE OF OPERATION TO DRIVE GROWTH 138 TABLE 96 WHEELED EXCAVATORS MARKET, BY REGION, 2018–2022 (UNITS) 138 TABLE 97 WHEELED EXCAVATORS MARKET, BY REGION, 2023–2030 (UNITS) 139 TABLE 98 WHEELED EXCAVATORS MARKET, BY REGION, 2018–2022 (USD MILLION) 139 TABLE 99 WHEELED EXCAVATORS MARKET, BY REGION, 2023–2030 (USD MILLION) 139 6.17 WHEELED LOADERS <80 HP 140 6.17.1 ADOPTION OF LOW-COST, COMPACT WHEELED LOADERS TO DRIVE GROWTH 140 TABLE 100 WHEELED LOADERS <80 HP MARKET, BY REGION, 2018–2022 (UNITS) 140 TABLE 101 WHEELED LOADERS <80 HP MARKET, BY REGION, 2023–2030 (UNITS) 140 TABLE 102 WHEELED LOADERS <80 HP MARKET, BY REGION, 2018–2022 (USD MILLION) 141 TABLE 103 WHEELED LOADERS <80 HP MARKET, BY REGION, 2023–2030 (USD MILLION) 141 6.18 WHEELED LOADERS >80 HP 142
6.18.1 LARGE-SCALE INFRASTRUCTURE PROJECTS TO DRIVE GROWTH 142
TABLE 104 WHEELED LOADERS >80 HP MARKET, BY REGION, 2018–2022 (UNITS) 142
TABLE 105 WHEELED LOADERS >80 HP MARKET, BY REGION, 2023–2030 (UNITS) 142
TABLE 106 WHEELED LOADERS >80 HP MARKET, BY REGION, 2018–2022 (USD MILLION) 142
TABLE 107 WHEELED LOADERS >80 HP MARKET, BY REGION, 2023–2030 (USD MILLION) 143
6.19 COMPACTORS 143
6.19.1 WASTE MANAGEMENT AND RECYCLING APPLICATIONS TO DRIVE GROWTH 143
TABLE 108 COMPACTORS MARKET, BY REGION, 2018–2022 (UNITS) 143
TABLE 109 COMPACTORS MARKET, BY REGION, 2023–2030 (UNITS) 144
TABLE 110 COMPACTORS MARKET, BY REGION, 2018–2022 (USD MILLION) 144
TABLE 111 COMPACTORS MARKET, BY REGION, 2023–2030 (USD MILLION) 144
6.20 PICK & CARRY CRANES 145
6.20.1 RAPID DEPLOYMENT AT CONSTRUCTION SITES TO DRIVE GROWTH 145
TABLE 112 PICK & CARRY CRANES MARKET, BY REGION, 2018–2022 (UNITS) 145
TABLE 113 PICK & CARRY CRANES MARKET, BY REGION, 2023–2030 (UNITS) 145
TABLE 114 PICK & CARRY CRANES MARKET, BY REGION, 2018–2022 (USD MILLION) 146
TABLE 115 PICK & CARRY CRANES MARKET, BY REGION, 2023–2030 (USD MILLION) 146
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 147
7.1 INTRODUCTION 148
7.1.1 INDUSTRY INSIGHTS 148
FIGURE 37 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2023 VS. 2030 (USD MILLION) 148
TABLE 116 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2018–2022 (UNITS) 149
TABLE 117 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2023–2030 (UNITS) 149
TABLE 118 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2018–2022 (USD MILLION) 149
TABLE 119 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY, 2023–2030 (USD MILLION) 150
7.2 EARTHMOVING EQUIPMENT 150
7.2.1 EXPANDING CONSTRUCTION ACTIVITIES TO DRIVE GROWTH 150
TABLE 120 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 150
TABLE 121 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 151
TABLE 122 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 151
TABLE 123 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 151
7.3 MATERIAL HANDLING EQUIPMENT 152
7.3.1 RISE IN INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE GROWTH 152
TABLE 124 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 152
TABLE 125 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 152
TABLE 126 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 153
TABLE 127 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 153
7.4 HEAVY CONSTRUCTION EQUIPMENT 154
7.4.1 INCREASE IN ROAD AND TUNNEL CONSTRUCTION APPLICATIONS TO DRIVE GROWTH 154
TABLE 128 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 154
TABLE 129 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 154
TABLE 130 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 131 HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 155
7.5 OTHER EQUIPMENT 156
TABLE 132 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 156
TABLE 133 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 156
TABLE 134 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 135 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 157
8 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 158
8.1 INTRODUCTION 159
8.1.1 INDUSTRY INSIGHTS 159
FIGURE 38 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023 VS. 2030 (USD MILLION) 159
TABLE 136 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (UNITS) 160
TABLE 137 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2030 (UNITS) 160
TABLE 138 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2018–2022 (USD MILLION) 160
TABLE 139 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 160
8.2 DIESEL 161
8.2.1 RISE IN DEMAND FOR HIGH TORQUE TO DRIVE GROWTH 161
TABLE 140 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 161
TABLE 141 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 161
TABLE 142 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 162
TABLE 143 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD THOUSAND) 162
8.3 CNG/LNG/RNG 162
8.3.1 STRINGENT EMISSION NORMS TO DRIVE GROWTH 162
TABLE 144 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 163
TABLE 145 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 163
TABLE 146 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 164
TABLE 147 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 164
9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 165
9.1 INTRODUCTION 166
9.1.1 INDUSTRY INSIGHTS 166
FIGURE 39 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023 VS. 2030 (USD MILLION) 166
TABLE 148 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS) 167
TABLE 149 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2030 (UNITS) 167
TABLE 150 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 167
TABLE 151 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2030 (USD MILLION) 168
9.2 <100 HP 168 9.2.1 INCREASE IN ROAD REPAIR AND MAINTENANCE PROJECTS TO DRIVE GROWTH 168 TABLE 152 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 168 TABLE 153 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 169 TABLE 154 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 169 TABLE 155 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 169 9.3 100–200 HP 170 9.3.1 LOW MAINTENANCE COSTS TO DRIVE GROWTH 170 TABLE 156 100–200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 170 TABLE 157 100–200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 170 TABLE 158 100–200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 171 TABLE 159 100–200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 171 9.4 201–400 HP 171 9.4.1 BOOST IN SMART CITY AND HIGHWAY CONSTRUCTION PROJECTS TO DRIVE GROWTH 171 TABLE 160 201–400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 172 TABLE 161 201–400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 172 TABLE 162 201–400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 172 TABLE 163 201–400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 173 9.5 >400 HP 173
9.5.1 RAPID DEVELOPMENT OF COMMERCIAL INFRASTRUCTURE TO DRIVE GROWTH 173
TABLE 164 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 173
TABLE 165 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 174
TABLE 166 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 174
TABLE 167 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 174
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 175
10.1 INTRODUCTION 176
10.1.1 INDUSTRY INSIGHTS 176
FIGURE 40 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023 VS. 2030 (USD MILLION) 176
TABLE 168 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (UNITS) 176
TABLE 169 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2030 (UNITS) 177
TABLE 170 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2018–2022 (USD MILLION) 177
TABLE 171 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2023–2030 (USD MILLION) 177
10.2 <5 L 177 10.2.1 EXPANDING URBAN INFRASTRUCTURE PROJECTS TO DRIVE GROWTH 177 TABLE 172 <5 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 178 TABLE 173 <5 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 178 TABLE 174 <5 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 178 TABLE 175 <5 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 179 10.3 5–10 L 179 10.3.1 HEAVY LOAD CARRYING AND HAULING CAPACITY TO DRIVE GROWTH 179 TABLE 176 5–10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 179 TABLE 177 5–10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 180 TABLE 178 5–10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 180 TABLE 179 5–10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 180 10.4 >10 L 181
10.4.1 INCREASED INTEGRATION WITH HEAVY CONSTRUCTION EQUIPMENT TO DRIVE GROWTH 181
TABLE 180 >10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 181
TABLE 181 >10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 181
TABLE 182 >10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 182
TABLE 183 >10 L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 182
11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 183
11.1 INTRODUCTION 184
11.1.1 INDUSTRY INSIGHTS 184
FIGURE 41 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2030 (USD MILLION) 184
TABLE 184 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 185
TABLE 185 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 185
11.2 INFRASTRUCTURE 185
11.2.1 FOCUS ON ECONOMIC DEVELOPMENT TO DRIVE GROWTH 185
TABLE 186 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 185
TABLE 187 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 186
11.3 COMMERCIAL 186
11.3.1 RISING CONSTRUCTION OF COMMERCIAL SPACES TO DRIVE GROWTH 186
TABLE 188 COMMERCIAL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 186
TABLE 189 COMMERCIAL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 187
11.4 RESIDENTIAL 187
11.4.1 RAPID URBANIZATION TO DRIVE GROWTH 187
TABLE 190 RESIDENTIAL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 187
TABLE 191 RESIDENTIAL: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 188
 
12 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION 189
12.1 INTRODUCTION 190
12.1.1 INDUSTRY INSIGHTS 190
FIGURE 42 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2023 VS. 2030 (USD MILLION) 190
TABLE 192 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 191
TABLE 193 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 191
12.2 INFRASTRUCTURE 191
12.2.1 HIGH-VALUE INFRASTRUCTURE PROJECTS TO DRIVE GROWTH 191
TABLE 194 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 191
TABLE 195 INFRASTRUCTURE: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2023–2030 (USD MILLION) 192
12.3 COMMERCIAL 192
12.3.1 RAPID EXPANSION OF COMMERCIAL PROPERTIES TO DRIVE GROWTH 192
TABLE 196 COMMERCIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 192
TABLE 197 COMMERCIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2023–2030 (USD MILLION) 193
12.4 RESIDENTIAL 193
12.4.1 LOW INITIAL INVESTMENT IN RESIDENTIAL CONSTRUCTION TO DRIVE GROWTH 193
TABLE 198 RESIDENTIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 193
TABLE 199 RESIDENTIAL: CONSTRUCTION EQUIPMENT RENTAL MARKET, BY REGION, 2023–2030 (USD MILLION) 194
13 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 195
13.1 INTRODUCTION 196
13.1.1 INDUSTRY INSIGHTS 196
TABLE 200 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MODELS 197
FIGURE 43 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2030 (USD MILLION) 198
TABLE 201 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 198
TABLE 202 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 199
TABLE 203 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 199
TABLE 204 ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 199
13.2 ELECTRIC DUMP TRUCKS 200
13.2.1 HIGH DEMAND FOR NEW ENERGY VEHICLES TO DRIVE GROWTH 200
TABLE 205 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2018–2022 (UNITS) 200
TABLE 206 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2023–2030 (UNITS) 200
TABLE 207 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2018–2022 (USD MILLION) 201
TABLE 208 ELECTRIC DUMP TRUCKS MARKET, BY REGION, 2023–2030 (USD MILLION) 201
13.3 ELECTRIC DOZERS 201
13.3.1 REDUCED EMISSIONS TO DRIVE GROWTH 201
TABLE 209 ELECTRIC DOZERS MARKET, BY REGION, 2018–2022 (UNITS) 202
TABLE 210 ELECTRIC DOZERS MARKET, BY REGION, 2023–2030 (UNITS) 202
TABLE 211 ELECTRIC DOZERS MARKET, BY REGION, 2018–2022 (USD MILLION) 202
TABLE 212 ELECTRIC DOZERS MARKET, BY REGION, 2023–2030 (USD MILLION) 202
13.4 ELECTRIC EXCAVATORS 203
13.4.1 INCREASED PREFERENCE FOR MINI EXCAVATORS TO DRIVE GROWTH 203
TABLE 213 ELECTRIC EXCAVATORS MARKET, BY REGION, 2018–2022 (UNITS) 203
TABLE 214 ELECTRIC EXCAVATORS MARKET, BY REGION, 2023–2030 (UNITS) 203
TABLE 215 ELECTRIC EXCAVATORS MARKET, BY REGION, 2018–2022 (USD MILLION) 203
TABLE 216 ELECTRIC EXCAVATORS MARKET, BY REGION, 2023–2030 (USD MILLION) 204
13.5 ELECTRIC MOTOR GRADERS 204
13.5.1 LOW OWNERSHIP COSTS TO DRIVE GROWTH 204
TABLE 217 ELECTRIC MOTOR GRADERS MARKET, BY REGION, 2023–2030 (UNITS) 204
TABLE 218 ELECTRIC MOTOR GRADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 204
13.6 ELECTRIC LOADERS 205
13.6.1 RAPID ELECTRIFICATION OF SKID AND COMPACT LOADERS TO DRIVE GROWTH 205
TABLE 219 ELECTRIC LOADERS MARKET, BY REGION, 2018–2022 (UNITS) 205
TABLE 220 ELECTRIC LOADERS MARKET, BY REGION, 2023–2030 (UNITS) 205
TABLE 221 ELECTRIC LOADERS MARKET, BY REGION, 2018–2022 (USD MILLION) 205
TABLE 222 ELECTRIC LOADERS MARKET, BY REGION, 2023–2030 (USD MILLION) 206
13.7 ELECTRIC LOAD HAUL DUMP 206
13.7.1 COMPLIANCE WITH STRINGENT EMISSION REGULATIONS TO DRIVE GROWTH 206
TABLE 223 ELECTRIC LOAD HAUL DUMP MARKET, BY REGION, 2018–2022 (UNITS) 206
TABLE 224 ELECTRIC LOAD HAUL DUMP MARKET, BY REGION, 2023–2030 (UNITS) 207
TABLE 225 ELECTRIC LOAD HAUL DUMP MARKET, BY REGION, 2018–2022 (USD MILLION) 207
TABLE 226 ELECTRIC LOAD HAUL DUMP MARKET, BY REGION, 2023–2030 (USD MILLION) 207
14 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY 208
14.1 INTRODUCTION 209
TABLE 227 KEY ELECTRIC & HYBRID CONSTRUCTION EQUIPMENT MODELS 209
14.1.1 INDUSTRY INSIGHTS 212
FIGURE 44 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023 VS. 2030 (USD MILLION) 212
TABLE 228 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (UNITS) 212
TABLE 229 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (UNITS) 213
TABLE 230 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION) 213
TABLE 231 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (USD MILLION) 213
14.2 LITHIUM IRON PHOSPHATE (LFP) 214
14.2.1 HIGH ELECTROCHEMICAL STABILITY TO DRIVE GROWTH 214
TABLE 232 LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 214
TABLE 233 LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 214
TABLE 234 LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 214
TABLE 235 LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 215
14.3 LITHIUM NICKEL MANGANESE COBALT (NMC) 215
14.3.1 HIGH ENERGY DENSITY TO DRIVE GROWTH 215
TABLE 236 LITHIUM NICKEL MANGANESE COBALT: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 215
TABLE 237 LITHIUM NICKEL MANGANESE COBALT: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 216
TABLE 238 LITHIUM NICKEL MANGANESE COBALT: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 216
TABLE 239 LITHIUM NICKEL MANGANESE COBALT: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 216
14.4 OTHER BATTERY CHEMISTRIES 217
TABLE 240 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 217
TABLE 241 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 217
TABLE 242 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 218
TABLE 243 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 218

15 COMPACT CONSTRUCTION EQUIPMENT MARKET, GLOBAL SHIPMENT BY OEM 219
15.1 INTRODUCTION 219
15.2 BOBCAT COMPANY: COMPACT EQUIPMENT GLOBAL SHIPMENT 219
15.2.1 BOBCAT COMPANY: EQUIPMENT OFFERED AND APPLICATIONS 219
15.2.2 BOBCAT COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT 219
15.3 CATERPILLAR INC.: COMPACT EQUIPMENT GLOBAL SHIPMENT 220
15.3.1 CATERPILLAR INC.: EQUIPMENT OFFERED AND APPLICATIONS 220
15.3.2 CATERPILLAR INC.: GLOBAL SHIPMENT, BY EQUIPMENT 220
15.4 CNH INDUSTRIAL N.V.: COMPACT EQUIPMENT GLOBAL SHIPMENT 220
15.4.1 CNH INDUSTRIAL N.V.: EQUIPMENT OFFERED AND APPLICATIONS 220
15.4.2 CNH INDUSTRIAL N.V.: GLOBAL SHIPMENT, BY EQUIPMENT 221
15.5 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT 221
15.5.1 HITACHI CONSTRUCTION MACHINERY CO., LTD.: EQUIPMENT OFFERED AND APPLICATIONS 221
15.5.2 HITACHI CONSTRUCTION MACHINERY CO., LTD.: GLOBAL SHIPMENT, BY EQUIPMENT 221
15.6 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT 222
15.6.1 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: EQUIPMENT OFFERED AND APPLICATIONS 222
15.6.2 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: GLOBAL SHIPMENT, BY EQUIPMENT 222
15.7 J C BAMFORD EXCAVATORS LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT 223
15.7.1 J C BAMFORD EXCAVATORS LTD.: EQUIPMENT OFFERED AND APPLICATIONS 223
15.7.2 J C BAMFORD EXCAVATORS LTD.: GLOBAL SHIPMENT, BY EQUIPMENT 223
15.8 DEERE & COMPANY: COMPACT EQUIPMENT GLOBAL SHIPMENT 224
15.8.1 DEERE & COMPANY: EQUIPMENT OFFERED AND APPLICATIONS 224
15.8.2 DEERE & COMPANY: GLOBAL SHIPMENT, BY EQUIPMENT 224
15.9 KOMATSU LTD.: COMPACT EQUIPMENT GLOBAL SHIPMENT 224
15.9.1 KOMATSU LTD.: EQUIPMENT OFFERED AND APPLICATIONS 224
15.9.2 KOMATSU LTD.: GLOBAL SHIPMENT, BY EQUIPMENT 225
15.10 KUBOTA CORPORATION: COMPACT EQUIPMENT GLOBAL SHIPMENT 225
15.10.1 KUBOTA CORPORATION: EQUIPMENT OFFERED AND APPLICATIONS 225
15.10.2 KUBOTA CORPORATION: GLOBAL SHIPMENT, BY EQUIPMENT 225
15.11 LIEBHERR: COMPACT EQUIPMENT GLOBAL SHIPMENT 226
15.11.1 LIEBHERR: EQUIPMENT OFFERED AND APPLICATIONS 226
15.11.2 LIEBHERR: GLOBAL SHIPMENT, BY EQUIPMENT 226
16 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE 227
16.1 INTRODUCTION 228
16.1.1 INDUSTRY INSIGHTS 228
FIGURE 45 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE, 2023 VS. 2030 (USD MILLION) 228
TABLE 244 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE, 2018–2022 (UNITS) 229
TABLE 245 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE, 2023–2030 (UNITS) 229
TABLE 246 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE, 2018–2022 (USD MILLION) 229
TABLE 247 CONSTRUCTION EQUIPMENT MARKET, BY AFTER-TREATMENT DEVICE, 2023–2030 (USD MILLION) 230
16.2 EXHAUST GAS RECIRCULATION 230
16.2.1 IMPLEMENTATION OF STAGE III EMISSION REGULATIONS TO DRIVE GROWTH 230
TABLE 248 EXHAUST GAS RECIRCULATION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 230
TABLE 249 EXHAUST GAS RECIRCULATION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 231
TABLE 250 EXHAUST GAS RECIRCULATION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 231
TABLE 251 EXHAUST GAS RECIRCULATION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 231
16.3 DIESEL OXIDATION CATALYST 232
16.3.1 HIGH DEMAND FROM REGULATED ECONOMIES TO DRIVE GROWTH 232
TABLE 252 DIESEL OXIDATION CATALYST: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 232
TABLE 253 DIESEL OXIDATION CATALYST: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 232
TABLE 254 DIESEL OXIDATION CATALYST: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 233
TABLE 255 DIESEL OXIDATION CATALYST: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 233
16.4 DIESEL PARTICULATE FILTER 233
16.4.1 STAGE IV AND V EMISSION NORMS TO DRIVE GROWTH 233
TABLE 256 DIESEL PARTICULATE FILTER: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 234
TABLE 257 DIESEL PARTICULATE FILTER: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 234
TABLE 258 DIESEL PARTICULATE FILTER: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 234
TABLE 259 DIESEL PARTICULATE FILTER: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 235
16.5 SELECTIVE CATALYTIC REDUCTION 235
16.5.1 EMPHASIS ON NOX REDUCTIONS TO DRIVE GROWTH 235
TABLE 260 SELECTIVE CATALYTIC REDUCTION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 235
TABLE 261 SELECTIVE CATALYTIC REDUCTION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 236
TABLE 262 SELECTIVE CATALYTIC REDUCTION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 236
TABLE 263 SELECTIVE CATALYTIC REDUCTION: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 236
17 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION 237
17.1 INTRODUCTION 238
17.2 AUTONOMOUS CONSTRUCTION EQUIPMENT PRODUCT/SERVICE OFFERINGS BY KEY OEMS 239
FIGURE 46 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023 VS. 2030 (USD MILLION) 239
TABLE 264 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2030 (UNITS) 240
TABLE 265 AUTONOMOUS CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2030 (USD MILLION) 240
18 CONSTRUCTION EQUIPMENT MARKET, BY REGION 242
18.1 INTRODUCTION 243
18.1.1 INDUSTRY INSIGHTS 243
FIGURE 47 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023 VS. 2030 (USD MILLION) 243
TABLE 266 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 244
TABLE 267 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 244
TABLE 268 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION) 244
TABLE 269 CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION) 245
18.2 ASIA 245
18.2.1 RECESSION IMPACT ANALYSIS 245
FIGURE 48 ASIA: CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 246
TABLE 270 ASIA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 247
TABLE 271 ASIA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS) 247
TABLE 272 ASIA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 247
TABLE 273 ASIA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 248
18.2.2 CHINA 248
18.2.2.1 Investments in infrastructure development to drive growth 248
TABLE 274 CHINA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 249
TABLE 275 CHINA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 250
TABLE 276 CHINA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 251
TABLE 277 CHINA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 252
18.2.3 INDIA 252
18.2.3.1 Dense urban population to drive growth 252
TABLE 278 INDIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 253
TABLE 279 INDIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 254
TABLE 280 INDIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 255
TABLE 281 INDIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 256
18.2.4 JAPAN 257
18.2.4.1 Government support for construction activities to drive growth 257
TABLE 282 JAPAN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 257
TABLE 283 JAPAN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 258
TABLE 284 JAPAN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 259
TABLE 285 JAPAN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 260
18.2.5 INDONESIA 261
18.2.5.1 New infrastructure development projects to drive growth 261
TABLE 286 INDONESIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 261
TABLE 287 INDONESIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 262
TABLE 288 INDONESIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 263
TABLE 289 INDONESIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 264
18.2.6 REST OF ASIA 265
TABLE 290 REST OF ASIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 265
TABLE 291 REST OF ASIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 266
TABLE 292 REST OF ASIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 267
TABLE 293 REST OF ASIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 268
18.3 EUROPE 269
18.3.1 RECESSION IMPACT ANALYSIS 269
FIGURE 49 EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023 VS. 2030 (USD MILLION) 269
TABLE 294 EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 270
TABLE 295 EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS) 270
TABLE 296 EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 270
TABLE 297 EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 271
18.3.2 GERMANY 271
18.3.2.1 Rising demand for compact construction equipment to drive growth 271
TABLE 298 GERMANY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 272
TABLE 299 GERMANY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 273
TABLE 300 GERMANY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 274
TABLE 301 GERMANY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 275
18.3.3 UK 276
18.3.3.1 Residential construction projects to drive growth 276
TABLE 302 UK: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 276
TABLE 303 UK: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 277
TABLE 304 UK: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 278
TABLE 305 UK: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 279
18.3.4 FRANCE 280
18.3.4.1 Rapid development of healthcare facilities to drive growth 280
TABLE 306 FRANCE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 280
TABLE 307 FRANCE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 281
TABLE 308 FRANCE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 282
TABLE 309 FRANCE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 283
18.3.5 ITALY 284
18.3.5.1 Investments in maintenance and renovation projects to drive growth 284
TABLE 310 ITALY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 284
TABLE 311 ITALY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 285
TABLE 312 ITALY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 286
TABLE 313 ITALY: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 287
18.3.6 SPAIN 288
18.3.6.1 Rising foreign investments to drive growth 288
TABLE 314 SPAIN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 288
TABLE 315 SPAIN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 289
TABLE 316 SPAIN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 290
TABLE 317 SPAIN: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 291
18.3.7 REST OF EUROPE 292
TABLE 318 REST OF EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 292
TABLE 319 REST OF EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 293
TABLE 320 REST OF EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 294
TABLE 321 REST OF EUROPE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 295
18.4 NORTH AMERICA 296
18.4.1 RECESSION IMPACT ANALYSIS 296
FIGURE 50 NORTH AMERICA: CONSTRUCTION EQUIPMENT MARKET SNAPSHOT 297
TABLE 322 NORTH AMERICA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 297
TABLE 323 NORTH AMERICA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS) 298
TABLE 324 NORTH AMERICA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 298
TABLE 325 NORTH AMERICA: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 298
18.4.2 US 299
18.4.2.1 Commercial construction projects to drive growth 299
TABLE 326 US: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 299
TABLE 327 US: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 300
TABLE 328 US: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 301
TABLE 329 US: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 302
18.4.3 CANADA 303
18.4.3.1 Increased investments in residential and non-residential construction to drive growth 303
TABLE 330 CONSTRUCTION PROJECTS IN CANADA 303
TABLE 331 CANADA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 304
TABLE 332 CANADA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 305
TABLE 333 CANADA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 306
TABLE 334 CANADA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 307
18.4.4 MEXICO 308
18.4.4.1 Increased private and public sector investments in construction activities to drive growth 308
TABLE 335 MEXICO: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 308
TABLE 336 MEXICO: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 309
TABLE 337 MEXICO: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 310
TABLE 338 MEXICO: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 311
18.5 MIDDLE EAST 312
18.5.1 RECESSION IMPACT ANALYSIS 312
FIGURE 51 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023 VS. 2030 (USD MILLION) 312
TABLE 339 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 313
TABLE 340 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS) 313
TABLE 341 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 313
TABLE 342 MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 313
18.5.2 QATAR 314
18.5.2.1 Development and maintenance activities for commercial events to drive growth 314
TABLE 343 QATAR: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 314
TABLE 344 QATAR: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 315
TABLE 345 QATAR: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 316
TABLE 346 QATAR: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 317
18.5.3 SAUDI ARABIA 318
18.5.3.1 Introduction of Vision 2030 to drive growth 318
TABLE 347 SAUDI ARABIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 318
TABLE 348 SAUDI ARABIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 319
TABLE 349 SAUDI ARABIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 320
TABLE 350 SAUDI ARABIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 321
18.5.4 UAE 322
18.5.4.1 Rise in tourism activities to drive growth 322
TABLE 351 UAE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 322
TABLE 352 UAE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 323
TABLE 353 UAE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 324
TABLE 354 UAE: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 325
18.5.5 REST OF MIDDLE EAST 326
TABLE 355 REST OF MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 326
TABLE 356 REST OF MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 327
TABLE 357 REST OF MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 328
TABLE 358 REST OF MIDDLE EAST: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 329
18.6 REST OF THE WORLD 330
18.6.1 RECESSION IMPACT ANALYSIS 330
FIGURE 52 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 330
TABLE 359 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS) 330
TABLE 360 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS) 331
TABLE 361 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 331
TABLE 362 REST OF THE WORLD: CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 331
18.6.2 RUSSIA 332
18.6.2.1 Russia-Ukraine conflict to threaten demand 332
TABLE 363 RUSSIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 332
TABLE 364 RUSSIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 333
TABLE 365 RUSSIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 334
TABLE 366 RUSSIA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 335
18.6.3 SOUTH AFRICA 336
18.6.3.1 Infrastructure development programs to drive growth 336
TABLE 367 SOUTH AFRICA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 336
TABLE 368 SOUTH AFRICA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 337
TABLE 369 SOUTH AFRICA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 338
TABLE 370 SOUTH AFRICA: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 339
18.6.4 BRAZIL 340
18.6.4.1 Booming hospitality sector to drive growth 340
TABLE 371 BRAZIL: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 340
TABLE 372 BRAZIL: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 341
TABLE 373 BRAZIL: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 342
TABLE 374 BRAZIL: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 343
18.6.5 OTHERS 344
TABLE 375 OTHERS: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS) 344
TABLE 376 OTHERS: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS) 345
TABLE 377 OTHERS: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 346
TABLE 378 OTHERS: CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION) 347
19 COMPETITIVE LANDSCAPE 348
19.1 INTRODUCTION 348
19.2 MARKET SHARE ANALYSIS, 2022 348
FIGURE 53 MARKET SHARE OF KEY PLAYERS, 2022 348
19.3 REVENUE ANALYSIS, 2020–2022 350
FIGURE 54 REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 350
19.4 MAJOR COMPACT CONSTRUCTION EQUIPMENT MANUFACTURERS, BY EQUIPMENT TYPE 350
TABLE 379 MINI EXCAVATORS (OEMS AND MODELS) 350
TABLE 380 SKID-STEER LOADERS (OEMS AND MODELS) 352
TABLE 381 WHEELED LOADERS (OEMS AND MODELS) 353
TABLE 382 BACKHOE LOADERS (OEMS AND MODELS) 354
TABLE 383 TELESCOPIC HANDLERS (OEMS AND MODELS) 355
19.5 CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX 356
19.5.1 TERMINOLOGY 356
19.5.2 STARS 356
19.5.3 PERVASIVE PLAYERS 356
19.5.4 EMERGING LEADERS 356
19.5.5 PARTICIPANTS 357
FIGURE 55 CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX, 2022 357
19.6 CONSTRUCTION EQUIPMENT MARKET: COMPANY FOOTPRINT 358
TABLE 384 CONSTRUCTION EQUIPMENT MARKET: COMPANY FOOTPRINT, 2022 358
TABLE 385 CONSTRUCTION EQUIPMENT MARKET: PRODUCT APPLICATION FOOTPRINT, 2022 359
TABLE 386 CONSTRUCTION EQUIPMENT MARKET: REGION FOOTPRINT, 2022 360
19.7 COMPACT CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX 361
FIGURE 56 COMPACT CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX, 2022 361
19.8 COMPACT CONSTRUCTION EQUIPMENT MARKET: PRODUCT FOOTPRINT, 2022 362
TABLE 387 COMPACT CONSTRUCTION EQUIPMENT MARKET: PRODUCT FOOTPRINT, 2022 362
19.9 COMPETITIVE BENCHMARKING 363
TABLE 388 COMPETITIVE BENCHMARKING OF KEY PLAYERS 363
19.10 COMPETITIVE SCENARIO 364
19.10.1 PRODUCT LAUNCHES 364
TABLE 389 PRODUCT LAUNCHES, 2022−2023 364
19.10.2 DEALS 370
TABLE 390 DEALS, 2022−2023 370
19.10.3 OTHERS 375
TABLE 391 OTHERS, 2022−2023 375
20 COMPANY PROFILES 377
(Business overview, Products offered, Recent developments & MnM View)*
20.1 KEY PLAYERS 377
20.1.1 CATERPILLAR INC. 377
TABLE 392 CATERPILLAR INC.: COMPANY OVERVIEW 377
FIGURE 57 CATERPILLAR INC: COMPANY SNAPSHOT 378
TABLE 393 CATERPILLAR INC.: PRODUCTS OFFERED 378
TABLE 394 CATERPILLAR INC.: PRODUCT LAUNCHES 379
TABLE 395 CATERPILLAR INC.: DEALS 384
20.1.2 KOMATSU LTD. 387
TABLE 396 KOMATSU LTD.: COMPANY OVERVIEW 387
FIGURE 58 KOMATSU LTD.: COMPANY SNAPSHOT 388
TABLE 397 KOMATSU LTD.: PRODUCTS OFFERED 388
TABLE 398 KOMATSU LTD.: PRODUCT LAUNCHES 389
TABLE 399 KOMATSU LTD.: DEALS 390
TABLE 400 KOMATSU LTD.: OTHERS 391
20.1.3 DEERE & COMPANY 393
TABLE 401 DEERE & COMPANY: COMPANY OVERVIEW 393
FIGURE 59 DEERE & COMPANY: COMPANY SNAPSHOT 394
TABLE 402 DEERE & COMPANY: PRODUCTS OFFERED 394
TABLE 403 DEERE & COMPANY: PRODUCT LAUNCHES 395
TABLE 404 DEERE & COMPANY: DEALS 398
TABLE 405 DEERE & COMPANY: OTHERS 398
20.1.4 HITACHI CONSTRUCTION MACHINERY CO., LTD. 400
TABLE 406 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 400
FIGURE 60 HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT 400
TABLE 407 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED 401
TABLE 408 HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES 401
TABLE 409 HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS 402
TABLE 410 HITACHI CONSTRUCTION MACHINERY CO., LTD.: OTHERS 403
20.1.5 AB VOLVO 405
TABLE 411 AB VOLVO: COMPANY OVERVIEW 405
FIGURE 61 AB VOLVO: COMPANY SNAPSHOT 406
TABLE 412 AB VOLVO: PRODUCTS OFFERED 406
TABLE 413 AB VOLVO: PRODUCT LAUNCHES 407
TABLE 414 AB VOLVO: DEALS 409
TABLE 415 AB VOLVO: OTHERS 410
20.1.6 CNH INDUSTRIAL N.V. 412
TABLE 416 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW 412
FIGURE 62 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT 413
TABLE 417 CNH INDUSTRIAL N.V.: PRODUCTS OFFERED 413
TABLE 418 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES 414
TABLE 419 CNH INDUSTRIAL N.V.: DEALS 415
20.1.7 DOOSAN ENERBILITY 416
TABLE 420 DOOSAN ENERBILITY: COMPANY OVERVIEW 416
FIGURE 63 DOOSAN ENERBILITY: COMPANY SNAPSHOT 416
TABLE 421 DOOSAN ENERBILITY: PRODUCTS OFFERED 417
TABLE 422 DOOSAN ENERBILITY: PRODUCT LAUNCHES 417
TABLE 423 DOOSAN ENERBILITY: DEALS 417
20.1.8 LIEBHERR 418
TABLE 424 LIEBHERR: COMPANY OVERVIEW 418
FIGURE 64 LIEBHERR: COMPANY SNAPSHOT 419
TABLE 425 LIEBHERR: PRODUCTS OFFERED 419
TABLE 426 LIEBHERR: PRODUCT LAUNCHES 420
TABLE 427 LIEBHERR: DEALS 422
20.1.9 SANY GROUP 424
TABLE 428 SANY GROUP: COMPANY OVERVIEW 424
FIGURE 65 SANY GROUP: COMPANY SNAPSHOT 424
TABLE 429 SANY GROUP: PRODUCTS OFFERED 425
TABLE 430 SANY GROUP: PRODUCT LAUNCHES 425
TABLE 431 SANY GROUP: DEALS 427
TABLE 432 SANY GROUP: OTHERS 427
20.1.10 J C BAMFORD EXCAVATORS LTD. 428
TABLE 433 J C BAMFORD EXCAVATORS LTD.: COMPANY OVERVIEW 428
FIGURE 66 J C BAMFORD EXCAVATORS LTD.: COMPANY SNAPSHOT 428
TABLE 434 J C BAMFORD EXCAVATORS LTD.: PRODUCTS OFFERED 429
TABLE 435 J C BAMFORD EXCAVATORS LTD.: PRODUCT LAUNCHES 429
TABLE 436 J C BAMFORD EXCAVATORS LTD.: OTHERS 430
20.1.11 XUZHOU CONSTRUCTION MACHINERY GROUP 431
TABLE 437 XUZHOU CONSTRUCTION MACHINERY GROUP: COMPANY OVERVIEW 431
FIGURE 67 XUZHOU CONSTRUCTION MACHINERY GROUP: COMPANY SNAPSHOT 431
TABLE 438 XUZHOU CONSTRUCTION MACHINERY GROUP: PRODUCTS OFFERED 432
TABLE 439 XUZHOU CONSTRUCTION MACHINERY GROUP: PRODUCT LAUNCHES 432
TABLE 440 XUZHOU CONSTRUCTION MACHINERY GROUP: DEALS 434
20.1.12 TEREX CORPORATION 435
TABLE 441 TEREX CORPORATION: COMPANY OVERVIEW 435
FIGURE 68 TEREX CORPORATION: COMPANY SNAPSHOT 436
TABLE 442 TEREX CORPORATION: PRODUCTS OFFERED 437
TABLE 443 TEREX CORPORATION: DEALS 437
20.1.13 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD. 438
TABLE 444 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 438
FIGURE 69 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 438
TABLE 445 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 439
TABLE 446 ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.: OTHERS 439
20.1.14 KOBELCO CONSTRUCTION MACHINERY CO., LTD. 440
TABLE 447 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 440
TABLE 448 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED 440
TABLE 449 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: DEALS 441
TABLE 450 KOBELCO CONSTRUCTION MACHINERY CO., LTD.: OTHERS 441
20.1.15 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD. 442
TABLE 451 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY OVERVIEW 442
FIGURE 70 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY SNAPSHOT 443
TABLE 452 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCTS OFFERED 443
TABLE 453 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCT LAUNCHES 444
TABLE 454 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD: OTHERS 444
20.1.16 KUBOTA CORPORATION 445
TABLE 455 KUBOTA CORPORATION: COMPANY OVERVIEW 445
FIGURE 71 KUBOTA CORPORATION: COMPANY SNAPSHOT 445
TABLE 456 KUBOTA CORPORATION: PRODUCTS OFFERED 446
TABLE 457 KUBOTA CORPORATION: PRODUCT LAUNCHES 446
TABLE 458 KUBOTA CORPORATION: DEALS 447
20.1.17 YANMAR HOLDINGS CO., LTD. 448
TABLE 459 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW 448
FIGURE 72 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT 448
TABLE 460 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED 449
TABLE 461 YANMAR HOLDINGS CO., LTD.: PRODUCT LAUNCHES 449
TABLE 462 YANMAR HOLDINGS CO., LTD.: OTHERS 449
20.1.18 SUMITOMO CONSTRUCTION MACHINERY CO., LTD. 450
TABLE 463 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 450
TABLE 464 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED 450
TABLE 465 SUMITOMO CONSTRUCTION MACHINERY CO., LTD.: DEALS 450
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
 
20.2 OTHER PLAYERS 451
20.2.1 SANDVIK AB 451
TABLE 466 SANDVIK AB: COMPANY OVERVIEW 451
20.2.2 THE MANITOWOC COMPANY, INC. 452
TABLE 467 THE MANITOWOC COMPANY, INC.: COMPANY OVERVIEW 452
20.2.3 ASTEC INDUSTRIES, INC. 453
TABLE 468 ASTEC INDUSTRIES, INC.: COMPANY OVERVIEW 453
20.2.4 WACKER NEUSON SE 454
TABLE 469 WACKER NEUSON SE: COMPANY OVERVIEW 454
20.2.5 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD. 455
TABLE 470 DINGSHENG TIANGONG CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 455
20.2.6 ESCORTS LTD. 456
TABLE 471 ESCORTS LTD.: COMPANY OVERVIEW 456
20.2.7 AMMANN GROUP 457
TABLE 472 AMMANN GROUP: COMPANY OVERVIEW 457
20.2.8 LIUGONG MACHINERY CO., LTD. 458
TABLE 473 LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW 458
20.2.9 MANITOU GROUP 459
TABLE 474 MANITOU GROUP: COMPANY OVERVIEW 459
20.2.10 SHANTUI CONSTRUCTION MACHINERY CO., LTD. 460
TABLE 475 SHANTUI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW 460
21 RECOMMENDATIONS BY MARKETSANDMARKETS’ 461
21.1 ASIA TO BE POTENTIAL MARKET FOR CONSTRUCTION EQUIPMENT MANUFACTURERS 461
21.2 RENTAL CONSTRUCTION EQUIPMENT WITH TELEMATICS TO PROPEL GROWTH 461
21.3 ELECTRIC CONSTRUCTION EQUIPMENT TO CREATE NEW OPPORTUNITIES 462
21.4 CONCLUSION 462
22 APPENDIX 463
22.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 463
22.2 DISCUSSION GUIDE 463
22.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 468
22.4 CUSTOMIZATION OPTIONS 470
22.5 RELATED REPORTS 470
22.6 AUTHOR DETAILS 471

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