Global Building And Road Construction Equipment Market Top Major Players 2024, Forecast To 2033
9 Jan, 2024
Rapid growth characterizes the building and road construction equipment market, surging from $181.99 billion in 2023 to $202.35 billion in 2024, presenting an impressive CAGR of 11.2%. Historical growth aligns with economic expansion, infrastructure development, and urbanization. The forecast anticipates robust growth, reaching $300.38 billion in 2028, driven by infrastructure investment, smart construction, and technological trends such as autonomous equipment and digital twin technology.
Global Building And Road Construction Equipment Market Key Driver
Infrastructure development in emerging and developed countries propels the building and road construction equipment market. Governments and the private sector focus on infrastructure to meet population needs, urbanization levels, and connectivity demands. For example, India invested $22.4 billion in road construction, and the World Bank reported a 49% increase in global private sector infrastructure investment commitments in 2021.
Get A Free Sample Of The Global Building And Road Construction Equipment Market ReportGlobal Building And Road Construction Equipment Market Segments
The building and road construction equipment market covered in this report is segmented –
1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Other Product Types
2) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment Categories
3) By Application: Building Construction, Road Construction
By Geography: The regions covered in the building and road construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the building and road construction equipment market in 2023. Western Europe was the second-largest region in the building and road construction equipment market. The regions covered in the building and road construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Building And Road Construction Equipment Industry Players
Volvo Group, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, Terex Corporation, Atlas Copco Group, Deere and Company, Sany Heavy Industry Co. Ltd., Wacker Neuson SE, CNH Industrial NV, Xuzhou Construction Machinery Group Co. Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., Wirtgen Group, Kobelco Construction Machinery Co. Ltd., Manitowoc Company Inc., Bell Equipment Ltd., Astec Industries Inc., Bopparder Maschinenbau-Gesellschaft mbH, Case Construction Equipment, FAYAT Group, Gomaco Corporation Inc., HAMM AG, JLG Industries Inc., Konecranes Oyj, Kubota Corporation, LiuGong Machinery Corp. Ltd., Manitou Group, Palfinger AG, Putzmeister Holding GmbH, Sennebogen Maschinenfabrik GmbH, Tadano Ltd., Takeuchi Mfg. Co. Ltd.
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Building And Road Construction Equipment Market Overview
Building and road construction equipment refers to self-propelled or towed equipment used directly in building and road construction.
Building And Road Construction Equipment Global Market Report 2023 provides data on the global building and road construction equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The building and road construction equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.