The North America Construction Equipment Market would witness market growth of 3.1% CAGR during the forecast period (2021-2027).
The advent of electric construction machines and equipment is likely to offer new opportunities for OEMs. These machines run on batteries and have a number of advantages, including less maintenance, less noise, and less vibration, as well as making it easier for employees to work in the field.
Trenchers, often called trenching machines, are a type of machines that dig trenches in the surface or ground. These ditches are commonly used for laying pipelines, cables, and drainage, among other things. Chain and wheeled trenchers are the two types of trenching machinery. Chain trenchers have a fixed long arm that is wrapped in a digging chain. A metal wheel with drilling teeth surrounds a wheeled trencher. Wheeled trenchers are better for excavating hard soil layers. Trenchers are available in the market in both wheeled and tracked vehicle formations.
Telehandlers are construction hoisting equipment that is used to elevate heavy goods to the needed height or to provide a construction platform to workers at greater heights, among other things. It is consisted of a long telescopic boom which can be inclined, declined, and advanced. Various sorts of arrangements, such as forklifts, buckets, cabins, lifting jibs, and so on, can be added to the telescopic boom's end depending on the requirements of the job. All these kinds of equipment are used or numerous construction activities across different verticals and thus, creating demand and boosting growth of the construction equipment market.
One of the long-term drivers projected to drive the growth of the regional market over the coming years is rising construction investment around the region. The construction expenditure in the United States has increased significantly. Canada would see a rise in demand for construction activities from the residential sector as the country rebuilds its infrastructure following wildfires. Construction equipment manufacturers anticipate great potential in these machines because they are constructing bridges, roads, buildings, and shipyards. Additionally, exports from the United States to other parts of the country have increased in recent years.
Moreover, the significant prevalence of well-known businesses such as Caterpillar and Sany America is supporting the market's growth in North America. These market players are offering their best innovations in the construction industry across the region, due to which, the access of people to enhance and optimize machines have increased.
The US market dominated the North America Construction Equipment Market by Country in 2020, thereby, achieving a market value of $27,206.3 million by 2027, growing at a CAGR of 2.4 % during the forecast period. The Canada market is poised to grow at a CAGR of 5.5% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 4.5% during (2021 - 2027).
Based on Product, the market is segmented into Earth Moving Machinery, Material Handling Machinery, and Concrete & Road Construction Machinery. Based on Earth Moving Machinery Type, the market is segmented into Excavator, Loader, and Others. Based on Material Handling Machinery Type, the market is segmented into Crawler Cranes, Trailer Mounted Cranes, and Truck Mounted Cranes. Based on Concrete & Road Construction Machinery Type, the market is segmented into Concrete Mixer & Pavers, Construction Pumps, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Construction Equipment Market is Estimated to reach $136.7 Billion by 2027, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Caterpillar, Inc., Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.), Komatsu Ltd., Liebherr-International AG, Sumitomo Heavy Industries, Ltd., Terex Corporation, Volvo Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., Hitachi Construction Machinery Co., Ltd. (Hitachi ltd.), Hyundai Heavy Industries Co., Ltd. (Hyundai Construction Equipment Co., Ltd.)
Scope of the Study
Market Segments Covered in the Report:
By Product
- Earth Moving Machinery
- Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
- Concrete & Road Construction Machinery
- Concrete Mixer & Pavers
- Construction Pumps
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Caterpillar, Inc.
- Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.)
- Komatsu Ltd.
- Liebherr-International AG
- Sumitomo Heavy Industries, Ltd.
- Terex Corporation
- Volvo Group
- Zoomlion Heavy Industry Science & Technology Co., Ltd.
- Hitachi Construction Machinery Co., Ltd. (Hitachi ltd.)
- Hyundai Heavy Industries Co., Ltd. (Hyundai Construction Equipment Co., Ltd.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Construction Equipment Market, by Product
1.4.2 North America Construction Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2022, Jan) Leading Players
Chapter 4. North America Construction Equipment Market by Product
4.1 North America Earth Moving Machinery Market by Country
4.2 North America Construction Equipment Market by Earth Moving Machinery Type
4.2.1 North America Excavator Market by Country
4.2.2 North America Loader Market by Country
4.2.3 North America Others Market by Country
4.3 North America Material Handling Machinery Market by Country
4.4 North America Construction Equipment Market by Material Handling Machinery Type
4.4.1 North America Crawler Cranes Market by Country
4.4.2 North America Trailer Mounted Cranes Market by Country
4.4.3 North America Truck Mounted Cranes Market by Country
4.5 North America Concrete & Road Construction Machinery Market by Country
4.6 North America Construction Equipment Market by Concrete & Road Construction Machinery Type
4.6.1 North America Concrete Mixer & Pavers Market by Country
4.6.2 North America Construction Pumps Market by Country
4.6.3 North America Others Market by Country
Chapter 5. North America Construction Equipment Market by Country
5.1 US Construction Equipment Market
5.1.1 US Construction Equipment Market by Product
5.1.1.1 US Construction Equipment Market by Earth Moving Machinery Type
5.1.1.2 US Construction Equipment Market by Material Handling Machinery Type
5.1.1.3 US Construction Equipment Market by Concrete & Road Construction Machinery Type
5.2 Canada Construction Equipment Market
5.2.1 Canada Construction Equipment Market by Product
5.2.1.1 Canada Construction Equipment Market by Earth Moving Machinery Type
5.2.1.2 Canada Construction Equipment Market by Material Handling Machinery Type
5.2.1.3 Canada Construction Equipment Market by Concrete & Road Construction Machinery Type
5.3 Mexico Construction Equipment Market
5.3.1 Mexico Construction Equipment Market by Product
5.3.1.1 Mexico Construction Equipment Market by Earth Moving Machinery Type
5.3.1.2 Mexico Construction Equipment Market by Material Handling Machinery Type
5.3.1.3 Mexico Construction Equipment Market by Concrete & Road Construction Machinery Type
5.4 Rest of North America Construction Equipment Market
5.4.1 Rest of North America Construction Equipment Market by Product
5.4.1.1 Rest of North America Construction Equipment Market by Earth Moving Machinery Type
5.4.1.2 Rest of North America Construction Equipment Market by Material Handling Machinery Type
5.4.1.3 Rest of North America Construction Equipment Market by Concrete & Road Construction Machinery Type
Chapter 6. Company Profiles
6.1 Kobelco Construction Machinery Co., Ltd. (Kobe Steel, Ltd.)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Product Launches and Product Expansions:
6.2 Liebherr-International AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Research & Development Expenses
6.2.4 Recent strategies and developments:
6.2.4.1 Partnerships, Collaborations, and Agreements:
6.2.4.2 Product Launches and Product Expansions:
6.3 Terex Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.5.2 Acquisition and Mergers:
6.4 Zoomlion Heavy Industry Science & Technology Co., Ltd.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 Recent strategies and developments:
6.4.5.1 Product Launches and Product Expansions:
6.4.5.2 Geographical Expansions:
6.5 Komatsu Ltd.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Acquisition and Mergers:
6.6 Hitachi Construction Machinery Co., Ltd. (Hitachi, Ltd.)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 Recent strategies and developments:
6.6.5.1 Product Launches and Product Expansions:
6.7 Hyundai Heavy Industries Co., Ltd. (Hyundai Construction Equipment Co., Ltd.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Recent strategies and developments:
6.7.3.1 Product Launches and Product Expansions:
6.7.3.2 Acquisition and Mergers:
6.8 Volvo Group
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Product Launches and Product Expansions:
6.8.5.3 Acquisition and Mergers:
6.9 Sumitomo Heavy Industries, Ltd.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Recent strategies and developments:
6.9.4.1 Acquisition and Mergers:
6.10. Caterpillar, Inc.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
6.10.5.2 Product Launches and Product Expansions:
6.10.5.3 Acquisition and Mergers:
TABLE 1 North America Construction Equipment Market, 2017 - 2020, USD Million
TABLE 2 North America Construction Equipment Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Construction Equipment Market
TABLE 4 Product Launches And Product Expansions– Construction Equipment Market
TABLE 5 Acquisition and Mergers– Construction Equipment Market
TABLE 6 Geographical Expansions – Construction Equipment Market
TABLE 7 North America Construction Equipment Market by Product, 2017 - 2020, USD Million
TABLE 8 North America Construction Equipment Market by Product, 2021 - 2027, USD Million
TABLE 9 North America Earth Moving Machinery Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Earth Moving Machinery Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Construction Equipment Market by Earth Moving Machinery Type, 2017 - 2020, USD Million
TABLE 12 North America Construction Equipment Market by Earth Moving Machinery Type, 2021 - 2027, USD Million
TABLE 13 North America Excavator Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Excavator Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Loader Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Loader Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Material Handling Machinery Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Material Handling Machinery Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Construction Equipment Market by Material Handling Machinery Type, 2017 - 2020, USD Million
TABLE 22 North America Construction Equipment Market by Material Handling Machinery Type, 2021 - 2027, USD Million
TABLE 23 North America Crawler Cranes Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Crawler Cranes Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Trailer Mounted Cranes Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Trailer Mounted Cranes Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Truck Mounted Cranes Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Truck Mounted Cranes Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Concrete & Road Construction Machinery Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Concrete & Road Construction Machinery Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Construction Equipment Market by Concrete & Road Construction Machinery Type, 2017 - 2020, USD Million
TABLE 32 North America Construction Equipment Market by Concrete & Road Construction Machinery Type, 2021 - 2027, USD Million
TABLE 33 North America Concrete Mixer & Pavers Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Concrete Mixer & Pavers Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Construction Pumps Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Construction Pumps Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Construction Equipment Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Construction Equipment Market by Country, 2021 - 2027, USD Million
TABLE 41 US Construction Equipment Market, 2017 - 2020, USD Million
TABLE 42 US Construction Equipment Market, 2021 - 2027, USD Million
TABLE 43 US Construction Equipment Market by Product, 2017 - 2020, USD Million
TABLE 44 US Construction Equipment Market by Product, 2021 - 2027, USD Million
TABLE 45 US Construction Equipment Market by Earth Moving Machinery Type, 2017 - 2020, USD Million
TABLE 46 US Construction Equipment Market by Earth Moving Machinery Type, 2021 - 2027, USD Million
TABLE 47 US Construction Equipment Market by Material Handling Machinery Type, 2017 - 2020, USD Million
TABLE 48 US Construction Equipment Market by Material Handling Machinery Type, 2021 - 2027, USD Million
TABLE 49 US Construction Equipment Market by Concrete & Road Construction Machinery Type, 2017 - 2020, USD Million
TABLE 50 US Construction Equipment Market by Concrete & Road Construction Machinery Type, 2021 - 2027, USD Million
TABLE 51 Canada Construction Equipment Market, 2017 - 2020, USD Million
TABLE 52 Canada Construction Equipment Market, 2021 - 2027, USD Million
TABLE 53 Canada Construction Equipment Market by Product, 2017 - 2020, USD Million
TABLE 54 Canada Construction Equipment Market by Product, 2021 - 2027, USD Million
TABLE 55 Canada Construction Equipment Market by Earth Moving Machinery Type, 2017 - 2020, USD Million
TABLE 56 Canada Construction Equipment Market by Earth Moving Machinery Type, 2021 - 2027, USD Million
TABLE 57 Canada Construction Equipment Market by Material Handling Machinery Type, 2017 - 2020, USD Million
TABLE 58 Canada Construction Equipment Market by Material Handling Machinery Type, 2021 - 2027, USD Million
TABLE 59 Canada Construction Equipment Market by Concrete & Road Construction Machinery Type, 2017 - 2020, USD Million
TABLE 60 Canada Construction Equipment Market by Concrete & Road Construction Machinery Type, 2021 - 2027, USD Million
TABLE 61 Mexico Construction Equipment Market, 2017 - 2020, USD Million
TABLE 62 Mexico Construction Equipment Market, 2021 - 2027, USD Million
TABLE 63 Mexico Construction Equipment Market by Product, 2017 - 2020, USD Million
TABLE 64 Mexico Construction Equipment Market by Product, 2021 - 2027, USD Million
TABLE 65 Mexico Construction Equipment Market by Earth Moving Machinery Type, 2017 - 2020, USD Million
TABLE 66 Mexico Construction Equipment Market by Earth Moving Machinery Type, 2021 - 2027, USD Million
TABLE 67 Mexico Construction Equipment Market by Material Handling Machinery Type, 2017 - 2020, USD Million
TABLE 68 Mexico Construction Equipment Market by Material Handling Machinery Type, 2021 - 2027, USD Million
TABLE 69 Mexico Construction Equipment Market by Concrete & Road Construction Machinery Type, 2017 - 2020, USD Million
TABLE 70 Mexico Construction Equipment Market by Concrete & Road Construction Machinery Type, 2021 - 2027, USD Million
TABLE 71 Rest of North America Construction Equipment Market, 2017 - 2020, USD Million
TABLE 72 Rest of North America Construction Equipment Market, 2021 - 2027, USD Million
TABLE 73 Rest of North America Construction Equipment Market by Product, 2017 - 2020, USD Million
TABLE 74 Rest of North America Construction Equipment Market by Product, 2021 - 2027, USD Million
TABLE 75 Rest of North America Construction Equipment Market by Earth Moving Machinery Type, 2017 - 2020, USD Million
TABLE 76 Rest of North America Construction Equipment Market by Earth Moving Machinery Type, 2021 - 2027, USD Million
TABLE 77 Rest of North America Construction Equipment Market by Material Handling Machinery Type, 2017 - 2020, USD Million
TABLE 78 Rest of North America Construction Equipment Market by Material Handling Machinery Type, 2021 - 2027, USD Million
TABLE 79 Rest of North America Construction Equipment Market by Concrete & Road Construction Machinery Type, 2017 - 2020, USD Million
TABLE 80 Rest of North America Construction Equipment Market by Concrete & Road Construction Machinery Type, 2021 - 2027, USD Million
TABLE 81 Key Information – Kobelco Construction Machinery Co., Ltd.
TABLE 82 Key Information – Liebherr-International AG
TABLE 83 Key Information – Terex Corporation
TABLE 84 Key Information – Zoomlion Heavy Industry Science&Technology Co., Ltd.
TABLE 85 Key Information – Komatsu Ltd.
TABLE 86 Key Information – Hitachi Construction Machinery Co., Ltd.
TABLE 87 Key Information – Hyundai Heavy Industries Co., Ltd.
TABLE 88 key Information – Volvo Group
TABLE 89 Key Information – Sumitomo Heavy Industries, Ltd.
TABLE 90 key information – Caterpillar, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: Kobelco Construction Machinery Co., Ltd.
FIG 6 Recent strategies and developments: Liebherr-International AG
FIG 7 Recent strategies and developments: Terex Corporation
FIG 8 Recent strategies and developments: Zoomlion Heavy Industry Science & Technology Co., Ltd.
FIG 9 Recent strategies and developments: Komatsu Ltd.
FIG 10 Recent strategies and developments: Hyundai Heavy Industries Co., Ltd.
FIG 11 Recent strategies and developments: Volvo Group
FIG 12 Recent strategies and developments: Caterpillar, Inc.