
Heavy Construction Equipment Market Size, Opportunities, Top Manufacturers, Growth, Trends, Regional Graph, Key Segments, And Forecast To 2028
" Browse="" 411="" market="" data="" Tables="" and="" 71="" Figures="" spread="" through="" 356="" Pages="" and="" in-depth="" TOC="" on="" "Heavy="" Construction="" Equipment="" Market""The="" heavy="" construction="" equipment="" market="" is="" growing="" rapidly,="" driven="" by="" increasing="" urbanization,="" infrastructure="" development,="" and="" advancements="" in="" technology.="" Key="" sectors="" include="" residential,="" commercial,="" and="" industrial="" construction.="" Major="" players="" focus="" on="" innovations="" in="" automation,="" efficiency,="" and="" sustainability="" to="" meet="" rising="" global="" />
The heavy construction equipment market is projected to grow from USD 190.3 billion in 2022 to USD 252.4 billion by 2028, at a CAGR of 4.8% during the forecast period. Heavy construction equipment is specialized machinery that weighs more than 12 metric tons and performs specific construction or demolition work. The equipment is transportable, semi-permanent, or permanent, and is primarily used for earthmoving, lifting containers or materials, drilling holes in earth or rock, and in concrete and paving applications.
Download PDF Brochure:
Heavy Construction Equipment Companies
Major manufacturers in this market are based in Asia Pacific and Europe. Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), are among a few leading players operating in the heavy construction equipment market. Major focus was given to the development of new technologies to improve the performance of heavy construction equipment. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the heavy construction equipment market further.
Caterpillar (US)
Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, globally. The company operates through three segments, namely, Construction Industries, Resource Industries, and Energy & Transportation. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications. Caterpillar has a presence in more than 500 locations around the globe.
The heavy construction equipment business of the company operates under the Construction Industries and Resource Industries segments. Production of construction machinery is carried out across all the regions including US, China, India, UK, Brazil, etc. The company has a vast network of dealers globally, which is managed under its customer & dealer support. Its key competitors are Hitachi Construction Machinery Co., Ltd. (Japan), CNH Industrial N.V. (Netherlands), and Hyundai Construction Equipment Co., Ltd. (South Korea).
Request Sample Pages:
Komatsu (Japan)
Komatsu manufactures, develops, markets, and sells construction, mining, utility, forestry, and industrial machinery. The company operates through business segments, namely, Construction, Mining and Utility Equipment, Retail Finance, and Industrial Machinery and Others. Its Construction, Mining and Utility Equipment segment provides excavators, loaders, bulldozers, electric rope shovels, dump trucks, motor graders, forklifts, and other related services. The Industrial Machinery and Others segment provides metal forging and stamping presses, sheet metal machines, machine tools, DI-water heaters, etc.
Komatsu operates mainly in the Asia Pacific and the American regions. It has subsidiaries operating across the world in countries such as Japan, China, India, the US, Brazil, Indonesia, Germany, and South Africa. The company has 60 manufacturing operations and 55 sales operations consisting of construction and mining/utility equipment. The key competitors of the company are ACS Actividades de Construcción y Servicios, S.A. (Spain), Bouygues Construction (France), Larsen & Toubro Limited (India), and Taisei Corporation (Japan).
Hitachi Construction Machinery Co., Ltd. (Japan)
Hitachi Construction Machinery Co., Ltd. manufactures and sells construction machinery and industrial vehicles. It operates through the Construction Machinery Business and Solution Business segments. It manages its heavy construction equipment business under the Construction Machinery Business segment, which produces hydraulic excavators, ultra-large excavators, mini-excavators, wheel loaders, and crawler cranes.
Hitachi Construction Machinery Co., Ltd. has 79 subsidiaries and 23 affiliates in Japan and overseas in various countries such as the US, Canada, China, Singapore, Indonesia, Thailand, Malaysia, India, Australia, New Zealand, the Netherlands, the UK, France, Italy, and South Africa. Its key competitors include Caterpillar (US) and Komatsu (Japan).
Inquire Now:
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes , as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment