#construction equipment market size

[automotivetransportationresearch]

Global Construction Equipment Industry Valued at $194.7 Billion by 2030

The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global construction equipment market which will offer promising growth opportunities for the futuristic growth of the market. Based on Region, it is…

[machineryandparts]

Sustainability in the Machinery and Parts Market

The Machinery and Parts Market is undergoing significant changes in response to sustainability considerations and environmental concerns. This executive summary provides an overview of the current trends and statistics in sustainable manufacturing and product design, highlighting the importance of environmental considerations in the industry.

Sustainable Manufacturing and Product Design

Sustainable manufacturing and product design are becoming increasingly important in the machinery and parts market. According to a study (2003), sustainable product development and manufacturing involve considering environmental requirements throughout the product and manufacturing process. This includes minimizing energy consumption, reducing waste generation, and promoting the use of eco-friendly materials and processes. The study (2010) highlights the modeling and optimization challenges in sustainable manufacturing at the product, process, and system levels. The authors propose a more robust structure of interlinked pillars of sustainability to offer appropriate options to stakeholders, including over-consumption, resource utilization, pollution, and overpopulation.

Environmental Considerations in Manufacturing

Environmental considerations are becoming a crucial aspect of manufacturing in the machinery and parts market. Companies are recognizing the need to commit to strong environmental, health, and safety records in the most cost-effective manner. This includes investing in sustainable technologies, operations, and supply chains, as well as adhering to environmental manufacturing standards and regulations.

According to a study by McKinsey, the 2020s may mark the beginning of a new era in sustainable manufacturing, with companies increasingly focusing on reducing energy consumption, waste generation, and greenhouse gas emissions. This trend is driven by consumer demand for sustainable products and processes, as well as the need to address environmental and social issues in the industry.

Eco-Friendly Products and Services

The Machinery and Parts Market is also seeing a growing demand for eco-friendly products and services. Companies are increasingly focusing on developing and promoting environment-friendly products and services over the entire product life cycle, from raw material procurement to product disposal. The Kubota Group, for example, conducts environmental assessments of products in the design and development stages and promotes environment-friendliness over the entire product life cycle. The company internally certifies exceptionally environment-friendly products as Eco-Products and is working to expand its lineup of certified products.

Conclusion

sustainability and environmental considerations are becoming increasingly important in the machinery and parts market. Companies are recognizing the need to invest in sustainable technologies, operations, and supply chains, as well as adhering to environmental manufacturing standards and regulations. The demand for eco-friendly products and services is also growing, with companies focusing on developing and promoting environment-friendly products and services over the entire product life cycle. By prioritizing sustainability and environmental considerations, companies in the machinery and parts market can not only meet consumer demand but also contribute to protecting the global environment and solving social issues.

[luckydige45]

According to the latest research by nova one advisor, the global construction equipment market size was exhibited at USD 198.97 billion in 2023 and is projected to hit around USD 411.19 billion by 2032, growing at a CAGR of 8.4% during the forecast period 2023 to 2032.

[mysticalpersonakingdom]

Construction Equipment Market - Size, Share & Industry Trends

[industrynewsupdates]

Heavy Construction Equipment Market Growth: A Deep Dive Into Trends and Insights

The global heavy construction equipment market size is expected to reach USD 289.3 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increased investment in infrastructure has been a major factor driving market growth. 

Rise in infrastructural development around the world is the key catalyst that will propel market growth over the forecast period. Infrastructural development results in increased construction activities, which eventually creates a demand for heavy duty construction equipment. Developed infrastructure boosts economic growth by assisting cross-border trade and industrial growth.

Private financing is a key way to fund infrastructural development plans. For instance, infrastructure development in India has witnessed increased participation of private players in recent years. Moreover, the Indian government has increased its budget for infrastructural development.

Heavy construction equipment market is likely to witness high demand due to various government initiatives to expand airports globally. As of January 2015, global investments for construction of airports was nearly USD 540.0 billion. For instance, news reports suggest that the total number of passengers traveling via Mumbai (India) airport has tripled in the last decade. To overcome this, the Indian government has approved an investment of USD 2 billion for the construction of the Navi Mumbai airport, which will help distribute domestic and international passengers.  Development plans such as these are sure to give the global market a major boost.

Gather more insights about the market drivers, restrains and growth of the Heavy Construction Equipment Market

Heavy Construction Equipment Market Report Highlights

• The global heavy construction equipment market size is expected to reach USD 289.3 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increased investments in the infrastructure sector, especially in developing countries such as India, Malaysia, and Indonesia, is a key factor

• The material handling equipment segment dominated the market and accounted for a revenue share of 51.0% in 2023. The material handling equipment segment dominated the market and accounted for a revenue share of 51.0% in 2023.

• Earth moving machinery is expected to experience the fastest CAGR of 5.9% during the forecast period. This can be attributed to rise in investments to develop airports across the globe

• Asia Pacific heavy construction equipment market is anticipated to witness the fastest growth from 2024 to 2030. This can be attributed to growth of construction activities in countries such as India, Malaysia, and China

Heavy Construction Equipment Market Segmentation

Grand View Research has segmented the global heavy construction equipment market report on the basis of product, application, and region:

Heavy Construction Equipment Machinery Outlook (Revenue, USD Billion, 2018 - 2030)

• Earthmoving Equipment

• Material Handling Equipment

• Heavy Construction Equipment

• Others

Heavy Construction Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Excavation & Demolition

• Heavy Lifting

• Material Handling

• Tunneling

• Transportation

• Recycling & Waste Management

Heavy Construction Equipment Propulsion Outlook (Revenue, USD Billion, 2018 - 2030)

• ICE

• Electric

Heavy Construction Equipment Power Output Outlook (Revenue, USD Billion, 2018 - 2030)

• <100HP

• 101-200 HP

• 201 - 400 HP

• >400 HP

Heavy Construction Equipment Engine Capacity Outlook (Revenue, USD Billion, 2018 - 2030)

• <5L

• 5-10L

• >10L

Heavy Construction Equipment End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Building & Construction

• Forestry & Agriculture

• Infrastructure

• Mining

• Others

Heavy Construction Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East and Africa (MEA)

o South Africa

o UAE

o South Africa

Order a free sample PDF of the Heavy Construction Equipment Market Intelligence Study, published by Grand View Research.

[aimarketresearch]

Construction Equipment Rental Market Size, Share, Trends, Key Drivers, Growth Opportunities and Competitive Outlook

Global Construction Equipment Rental Market' the new research report adds in Data Bridge Market Research's reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The Construction Equipment Rental market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this Construction Equipment Rental market research report.

Construction Equipment Rental Market research report provides data and information about the scenario of  industry which makes it easy to be ahead of the competition in today's speedily altering business environment. Analytical study of this market report aids in formulating growth strategies to augment sales and build brand image in the market. The report underlines historic data along with future forecast and detailed analysis on a global, local and regional level. The winning Construction Equipment Rental Market report also takes into account an analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market.

Global construction equipment rental market was valued at USD 98.22 billion in 2021 and is expected to reach USD 140.75 billion by 2029, registering a CAGR of 4.60% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Access Full 350 Pages PDF Report @

Key points covered in the report: -

The pivotal aspect considered in the global Construction Equipment Rental Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Construction Equipment Rental Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Construction Equipment Rental Market.

The Global Construction Equipment Rental Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Construction Equipment Rental Market Landscape

Part 04: Global Construction Equipment Rental Market Sizing

Part 05: Global Construction Equipment Rental Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

Construction Equipment Rental Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

Some of the major players operating in the construction equipment rental market are:

H&E Equipment Services, Inc (U.S.)

Cramo Group (Finland)

Ramirent (Finland)

Maxim Crane Works, L.P. (U.S.)

Kiloutou Group (France)

Sarens NV (Belgium)

Taiyokenki Rental Co., Ltd. (Japan)

Boels Rentals (Netherlands)

Speedy Hire Plc (UK)

United Rentals Inc. (U.S.)

Ashtead Group Plc (UK)

Loxam (Paris)

Herc Holdings Inc. (U.S.)

Aktio Corporation (Japan)

Nishio Rent All Co. Ltd. (Japan)

Kanamoto Co. Ltd.  (Japan)

Nishio Rent All Co. Ltd (Japan)

Mitsubishi Corporation (Japan)

Ahern Rentals (U.S.)

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[prenasper]

GCC Construction Equipment Market Share, Industry Size, Revenue, Growth Drivers, Upcoming Trends, Challenges, Business Opportunities and Forecast 2033: SPER Market Research

The term "construction machinery" describes a wide range of strong tools made for different construction jobs, which greatly boost the output and advancement of building projects. On building sites, these instruments are especially made to do labor-intensive jobs including grading, lifting, excavating, and moving materials. Cranes, loaders, bulldozers, excavators, and concrete mixers are typical examples. Bulldozers are needed for grading and earthmoving, while excavators are multipurpose tools with a bucket for lifting and digging tasks. Loaders help move things throughout the site, but cranes are required for lifting and positioning heavy items. The right mixing of the components of concrete is ensured by concrete mixers. Modern technologies that rely on efficiency and precision, like GPS systems, have been made feasible by advancements in construction machinery.

According to SPER market research, ‘GCC Construction Machinery Market Size - By Machinery Type, By Application Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the GCC Construction Machinery Market is predicted to reach USD 6.86 billion by 2033 with a CAGR of 3.38%.

The market is anticipated to rise as a result of the region's expanding construction industry, rising crane demand, and growing inclination toward automation and telematics for market advancement. Nonetheless, the region's capacity to develop and market new construction equipment may be hampered by the rising demand for rental services.

Due to the numerous ongoing construction and water projects in countries like Oman and the United Arab Emirates, cranes are predicted to dominate the machinery market. However, it is projected that the construction industry will benefit from the government's increased infrastructure investment and the initiation of development projects in the upcoming years.

The shifting conditions in the GCC Construction Equipment Market are influenced by a number of challenges. Many GCC countries rely mostly on oil money to pay their construction projects, thus fluctuations in the economy, particularly those related to oil prices, provide a serious difficulty. Geopolitical disputes in the area may also impede construction efforts. The machinery industry is impacted by changes in standards and compliance requirements, which also increase the complexity of the regulatory environment. One recurring problem that makes it difficult to fully utilize modern construction equipment is the lack of skilled labor. Although increasing output is the goal of these robots, a lack of skilled operators could lead to project delays and higher running costs.

Request For Free Sample Report @ https://www.sperresearch.com/report-store/gcc-construction-machinery-market.aspx?sample=1

The COVID-19 pandemic had a detrimental effect on the market under review, mostly as a result of the construction and manufacturing industries ceasing. The governments of the Middle East also stopped expanding the pipeline and cut employees at the locations. As a result, the output of buildings has decreased. However, the market is expected to see significant expansion throughout the estimated period due to the increase in building activities, which is probably mostly caused by greater government backing and the global revival of construction activities.

GCC Construction Machinery Market Key Players:

Furthermore, The construction machinery industry in the United Arab Emirates (UAE) is predicted to develop at the quickest rate among Middle Eastern countries, as the construction sector is a vital driver for the UAE's economy. Additionally some of the market players are: JCB, Kobelco Construction Machinery, Komatsu, Liebherr International AG, Mitsubishi, Sumitomo Construction Machinery, Volvo Construction Equipment Corp., Wirtgen Group, Others.

Middle East Construction Equipment Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Machinery Type: Based on the Machinery Type, GCC Construction Machinery Market is segmented as; Crane, Excavator, Loaders and Backhoe, Motor Graders, Telescopic handles, Others.

By Application Type: Based on the Application Type, GCC Construction Machinery Market is segmented as; Concrete Construction Equipment, Earth Moving Equipment, Material Handling Equipment, Road Construction Equipment.

By Region: This research also includes data for Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Rest of GCC Countries.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Middle East Construction Equipment Market Demand

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[ace1995]

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[vynzresearchreport]

Global Heavy Construction Equipment Market Size, Share & Trends Analysis Report by Equipment Type, Application, End-Use Industry, and Region - Forecast till 2030

Global Heavy Construction Equipment Market Size, Share & Trends Analysis Report by Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Machinery, Others), by Application (Infrastructure, Real Estate, Commercial Buildings, Residential Buildings, Others), by End User (Oil & Gas Industry, Construction Industry, Military, and Mining), and Segment Forecasts, 2022–2030

The global heavy construction equipment market size is expected to reach USD 277.5 billion by 2030, registering a CAGR of 5% from 2022 to 2030. The growth of the market is driven by the rising construction activities in developing countries, increasing infrastructure investment, and growing urbanization.

Get a free sample copy of the research report: https://www.vynzresearch.com/automotive-transportation/heavy-construction-equipment-market/request-sample

Segmentation

The global heavy construction equipment market is segmented by product, application, end-user, and region.

By Product

The earth-moving machinery segment is expected to dominate the market during the forecast period. This is due to the increasing demand for earth-moving equipment in infrastructure projects, such as road construction, building construction, and mining.

By Application

The infrastructure segment is expected to dominate the market during the forecast period. This is due to the increasing investment in infrastructure projects by governments and private sector organizations.

By End User

The construction industry is expected to dominate the market during the forecast period. This is due to the increasing demand for construction equipment in the construction of roads, buildings, and other infrastructure projects.

By Region

Asia Pacific is expected to dominate the market during the forecast period. This is due to the increasing infrastructure investment in countries such as China, India, and Indonesia.

Key Players

The key players in the global heavy construction equipment market are Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment AB, Terex Corporation, Liebherr AG, Hitachi Construction Machinery Co. Ltd., John Deere, Zoomlion Heavy Machinery Co. Ltd., CNH Industrial.

Market Trends

Some of the key trends in the global heavy construction equipment market include:

Increasing demand for sustainable and eco-friendly equipment

Growing adoption of automation and robotics in construction

Development of new technologies, such as 3D printing and augmented reality

Expansion of the market in developing countries

Market Drivers

The growth of the global heavy construction equipment market is driven by the following factors:

Rising construction activities in developing countries

Increasing infrastructure investment

Growing urbanization

Technological advancements

Increasing demand for sustainable and eco-friendly equipment

Market Challenges

The growth of the global heavy construction equipment market is challenged by the following factors:

The economic slowdown in developed countries

Fluctuation in raw material prices

Stringent environmental regulations

Opportunities

The global heavy construction equipment market offers the following opportunities:

Expansion of the market in developing countries

Growth of the infrastructure sector

Development of new technologies

The report also provides the following insights:

Competitive landscape of the global heavy construction equipment market

Market share analysis of the key players

Strategies adopted by the key players

Market forecast for the next 10 years

About Us:

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions worldwide to strategize and revolutionize business opportunities.

Source: VynZ Research

[justinspoliticalcorner]

Charlotte Clymer at Charlotte's Web Thoughts (10.15.2024):

This morning, the Harris-Walz campaign announced an extensive economic plan for rural communities. It’s a deeply impressive vision for working class families in these parts of the country. Given that much—perhaps, most—of political media will not adequately report on this and inform voters of what Vice President Harris plans to do for Rural America, I’m gonna take the rare step of publishing her plan, in full, as a blog post. I’m doing this because Lord knows we’re all more likely to see an intellectually dishonest column in The New York Times about Vice President Harris ignoring rural voters than we are to see significant reporting and analysis on her proposed policies for rural voters.

[...]

Vice President Harris and Governor Walz believe in rural communities and understand that supporting locally led solutions is key to rural prosperity. Their administration will make it a priority to equip the nearly 50 million rural Americans with the tools and resources they need not just to get by, but get ahead. Today, Vice President Harris and Governor Walz are announcing a plan for rural America. The key elements will:

Increase access to affordable and high-quality health care in rural communities—by adding 10,000 health care professionals, expanding telemedicine, cutting the number of ambulance deserts in half.

Support the sandwich generation to care for elders at home, lowering the cost of childcare and increasing the number of providers, and expanding the Child Tax Credit to provide tax cuts up to $6,000 for families with newborns.

Lower the costs of buying a home, starting and expanding a business, and raising a family—by sparking the construction of 3 million new housing units, providing up to $25,000 in down payment assistance for first-time homebuyers, increasing the small business tax deduction for startup expenses 10-fold to $50,000.

Invest in the future of American agriculture by boosting access to credit, land, and markets, building new markets and streams of income for small- and mid-sized farmers and producers, and supporting the rise of the next generation of American farmers and ranchers.

Donald Trump will turn back the hard-earned progress that rural communities are making. As President, he tried to repeal the Affordable Care Act and vows to terminate it if reelected, stripping protections from people with pre-existing conditions and devastating rural hospitals and care services. He will ban abortion nationwide, threaten access to contraception and IVF, and force states to monitor women’s pregnancies and report women’s miscarriages and abortions to the federal government.

Want a candidate who has real plans to help Rural Americans instead of bluster and grievances? The Kamala Harris and Tim Walz ticket have lots of great plans to help rural folk.