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Construction Equipment Industry Worldwide 2022

Construction Equipment Industry Worldwide 2022

Intensified growth of international trade nurtured a multitude of economies across the world. The expansion of international trade relations was followed by economic development especially in countries where exports increased significantly. The construction industry is heavily dependent on the global economy. Demand for products is often a result of new construction projects. As urbanization is taking off, investments from public and private sectors into infrastructure projects will drive the construction equipment market growth. Important regions for this industry are North America, Western Europe, and East Asia. These regions are home to some prominent construction equipment manufacturers who must compete in a highly competitive field. In 2020, the global construction equipment market is estimated to be sized at around 140 billion U.S. dollars. In that same year, the North American market was estimated to be the second biggest market for construction equipment. Besides, emerging economies, such as India and China, are market hotspots for global manufacturing of construction equipment due to their growing firm-dynamics and economic capacities.

Firms in the international construction equipment market

Firms dynamically analyze shifts and new potentials in markets to track down profitable projects. The promising growth potential of the construction equipment market attracts the attention of a multitude of multinational corporations, with strategic business plans. Some of the main approaches include innovation strategies to expand the product varieties and benefit from short-term monopoly rents. Along with crawler dozers, crawler excavators, and aerial work platforms, wheel loaders ranked among the most important product categories that are emerging in this market. Caterpillar, Komatsu, John Deere, and XCMG were the leading firms in construction equipment manufacturing. As the Chinese economy starts to approach towards the technological frontiers, more and more firms based in China gain increasing shares of the global market for construction equipment manufacturing. For example, three out of the twelve largest construction machinery manufacturers globally are Chinese firms.

Outlook of the global construction market in the future

The construction industry reached an annual spending value of 12 trillion U.S. dollars before the coronavirus (COVID-19) pandemic and is expected to grow by three percent. Given the immense economic and social shock of COVID-19, there may be a periodic slowdown in this market. It is expected that the market size in this industry will more than double in only two decades, reaching over 19 trillion U.S. dollars by 2035. Future projects in the construction industry include building projects in real estate – either residential or commercial – but also in infrastructure or industrial structures that will shape the way people live. Similarly, the global construction equipment market size is forecasted to grow continuously as well. The market size will grow by 25 percent in only five years.

Table of Contents
Overview
Segments
Companies

Overview

Global construction industry spending 2014-2019, with forecasts up until 2035

Description: The construction industry grew to a spending value of close to 12 trillion U.S. dollars before the coronavirus pandemic, and is expected to grow by three percent per annum. This includes building projects in real estate – either residential or commercial – but also in infrastructure or industrial structures. Construction spending data includes cost of labor and materials, architectural and engineering work, and taxes.

Global construction equipment market size 2020-2025

Description: The global construction equipment market was estimated at 136.3 billion U.S. dollars in 2020. This market is expected to increase to around 234.6 billion U.S. dollars by 2030.

Global construction machinery market size by region: outlook 2018-2022

Description:  China is expected to account for more than 20 percent of the global construction equipment market in 2022. That year, about 228,330 units are expected to be sold in China.

Sales of construction equipment - worldwide 2010-2022

Description: Global construction machinery sales are expected to range between one and 1.1 million units in 2022. Globally, the sales volume is anticipated to witness moderate growth of one percent between 2021 and 2022.

Sales of construction equipment - worldwide by region 2018 & 2023

Description: Global sales of construction equipment are expected to reach approximately 1.1 million units by 2023. The global construction equipment market is projected to remain flat between 2018 and 2023 with construction equipment sales predicted to hover around the one million unit mark.

Global heavy construction equipment market size 2020-2030

Description: The global market for heavy construction equipment is expected to increase continuously in the upcoming years based on a 2020 forecast. By 2030, this market is expected to be worth over 273 billion U.S. dollars.

Segments

Construction & heavy equipment market size in North America 2018-2026

Description: This statistic shows the market size of the construction equipment and heavy equipment in North America between 2018 and 2026. In 2026, the North American construction equipment and heavy equipment market is expected to exceed 51 billion U.S. dollars.

Sales of construction equipment - North America 2019-2022

Description: North American sales of construction equipment are expected to reach about 236,825 by 2022. North America is one of the largest target markets for construction equipment worldwide.

U.S. construction machinery manufacturing - gross output 2012-2019

Description: This statistic represents gross output of construction machinery manufacturing in the United States between 2012 and 2019. In 2019, this subsector generated a gross output of some 33.2 billion U.S. dollars. 

Industry revenue of "construction machinery manufacturing" in the U.S. 2012-2024

Description: This statistic shows the revenue of the industry “construction machinery manufacturing” in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of construction machinery manufacturing in the U.S. will amount to approximately 33,9 billion U.S. Dollars by 2024.

Construction & heavy equipment market size in Europe 2018-2026

Description: This statistic gives the market size of the construction equipment and heavy equipment in Europe between 2018 and 2026. In 2026, the European construction equipment and heavy equipment market is expected to exceed 40 billion U.S. dollars.

Share of construction equipment sales by country in Europe 2017-2021

Description:  This statistic displays the share of construction equipment sales in selected European countries from 2017 to 2021. In the last four years, Germany was the largest market for construction equipment, accounting for 23 percent of sales in 2021. The United Kingdom and France followed, with 13 percent and 12 percent, respectively.

Construction & heavy equipment market size in APAC 2018-2026

Description: As the Asia-Pacific region is catching up with the other developed economic regions of the West, the entire economies in this region experiences a quick growth path. By 2026, the market for construction equipment and heavy equipment is forecasted to reach roughly 65 billion U.S. dollars based on a 2018 estimation.

Share of the Indian construction equipment market by segment 2015-2025

Description: The Indian construction equipment market is composed of concrete mixing, road construction equipment, material handling, and earthmoving market segments. In 2020, the road construction equipment market segment made up roughly 12.1 percent of the construction equipment market in India. By 2025, the Indian construction equipment market is expected to exceed 4.7 billion U.S. dollars.

Companies

Construction equipment manufacturers worldwide by market share 2020

Description: This statistic illustrates the leading construction equipment manufacturers worldwide in 2020, based on market share. With a market share of 10.4 percent, Japan’s Komatsu was ranked second that year.

World's largest construction machinery manufacturers by sales 2020

Description:  Caterpillar was the world’s largest construction machinery manufacturers in 2020, based on construction equipment sales: Caterpillar sold equipment to the value of around 24.8 billion U.S. dollars.

Caterpillar - global sales and revenue streams 2004-2021

Description: In the fiscal year of 2021, Caterpillar reported a revenue of approximately 51billion U.S. dollars generated from global sales. About 22 billion U.S. dollars of the revenue was generated in North America. Caterpillar experienced a 22 percent increase in revenue relative to the previous year.

Caterpillar - revenue by segment 2019-2021

Description:  In 2021, 43 percent of the external revenue was generated from Caterpillar`s construction industry segment, amounting to approximately 22.1 billion U.S. dollars. The energy and transportation segment was not far off, recording revenue of about 20.3 billion U.S. dollars in the same period.

Construction & heavy equipment market size in APAC 2018-2026

Description: In the fiscal year ended March 31, 2021, the Japan-based multinational manufacturer of construction, mining, and military equipment generated around 2.2 trillion Japanese yen in revenue.

Komatsu - global revenue by region 2021

Description: In the fiscal year ended March 31, 2021, the heavy equipment manufacturer, Komatsu Limited, accumulated most of its revenue from sales in the Americas region which amounted to approximately 732 billion Japanese yen. Their second largest market was the Asia and Oceania region, which generated a revenue of about 369 billion Japanese yen.

John Deere's net sales and revenues 2001-2021

Description: John Deere, the agricultural equipment company, generated about 44 billion U.S. dollars in net sales and revenue in 2021.

John Deere's net sales by segment 2021

Description: The statistic shows John Deere’s net sales and revenue streams in the fiscal year of 2021, by segment. In the fiscal year ending October 31, 2021, the company generated over 11.3 billion U.S. dollars in revenue from its construction and forestry segment.

Source from https://www.statista.com/topics/7639/construction-equipment-industry-worldwide/

Disclaimer: The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.

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