Global Heavy Construction Equipment Market is expected to reach 235.70 Billion by 2028: COVID Impact, Trends and Forecast

Evolve business intelligence, today has published a new market research report on the global heavy construction equipment market. According to the published report, “The  global heavy construction equipment market size is expected to reach 235.70 Billion by 2028 growing at the CAGR of 4.96% from 2021 to 2028

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the heavy construction equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the heavy construction equipment market report also includes the following data points:

  • COVID19 Impact on heavy construction equipment market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the heavy construction equipment market

Analyst View
According to Nisha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to have a negative impact on the heavy construction equipment market.” The covid pandemic has led to the shut down of several industries, manufacturing activities were hault, and supply chain disruption has impacted the heavy construction market. The construction activities were on hault in several industries which have impacted the heavy construction market.

Competitive Scenario
Some of the major heavy construction equipment players holding high market share include AB Volvo, Caterpillar Inc., CNH, Deere & Company. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
Heavy Construction Equipment market is analyzed across the below-mentioned different segments:

  • Equipment Type
    • Earthmoving
    • Material Handling
    • Heavy Construction Vehicles
    • Others
  • End-user
    • Infrastructure
    • Construction
    • Mining
    • Oil & Gas
    • Manufacturing
    • Others
  • Application
    • Excavation & Demolition
    • Heavy Lifting
    • Tunnelin
    • Material Handling
    • Recycling & Waste Management
    • Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the heavy construction equipment market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • AB Volvo
  • Caterpillar Inc.
  • CNH
  • Deere & Company
  • Doosan Infracoe
  • Hitachi Machinery Construction
  • JCB
  • Komatsu
  • Liebherr AG
  • Sany


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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the heavy construction equipment market, in terms of value, segmented on the basis of indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the heavy construction equipment market
  • To provide an overview of the value chain analysis pertaining to the heavy construction equipment industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall heavy construction equipment market
  • To analyze opportunities in the market by identifying high-growth segments of the heavy construction equipment market
  • To profile key players in the heavy construction equipment market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global heavy construction equipment market


About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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