Construction Equipment Aftermarket Global Market Report 2023 – By Equipment Type (Earthmoving And Road Building Equipment, Material Handling And Cranes, Concrete Equipment), By Application (Infrastructure, Residential, Commercial), By Sales Channel (Online, Offline) – Market Size, Trends, And Global Forecast 2023-2032

Heavy construction equipment or heavy machinery refers to heavy-duty vehicles specially designed for executing construction tasks, most frequently ones involving earthwork operations or other large construction tasks. The heavy construction equipment is used for heavy operations tasks such as lifting, and other such heavy operations. The main types of heavy construction equipment are earthmoving equipment, material handling equipment, heavy construction vehicles, and other equipment. The earthmoving equipment is used in construction operations that involve earthwork, such as moving large amounts of earth, digging foundations for landscaping, and others. Earthmoving equipment includes heavy vehicles, engineering equipment, heavy trucks, heavy machines, construction equipment, and others. The applications include excavation and demolition, heavy lifting, tunneling, material handling, recycling, and waste management that serve infrastructure, construction, mining, oil and gas, manufacturing, and other end users. The global heavy construction equipment market is segmented - 1) By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment 2) By Application: Excavation and Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling, and Waste Management 3) By End User: Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Other End Users The global heavy construction equipment market size is expected to grow from $178.29 billion in 2022 to $190.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy construction equipment market size is expected to grow to $243.89 billion in 2027 at a CAGR of 6.4%. The expansion of government infrastructure development projects is expected to propel the growth of the heavy construction equipment market going forward. In recent years, the majority of countries' governments have been more focused on the infrastructure sector for economic development as well as to provide world-class infrastructure in the country by building power plants, bridges, dams, roads, urban infrastructure developments, and others. Heavy construction equipment helps in accomplishing heavy tasks during infrastructure construction due to its high capacity and strength in lifting materials and its capability to operate in harsh environmental conditions. For instance, in November 2021, according to the Indian Brand Equity Foundation (IBEF) article, the Indian government has successfully completed 217 infrastructure projects worth $ 15.09 billion in the year 2020 and expanded the National Infrastructure Pipeline (NIP)’ to 9,335 projects for infrastructure develop. Furthermore, in July 2021, the Ministry of Road Transport & Highways allocated US$ 22 million under Economic Importance and Inter State Connectivity Scheme (EIC&ISC) for FY22. Therefore, the expansion of government infrastructure development projects is driving the growth of the heavy construction equipment market. Major players in the heavy construction equipment market are AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere And Company, Hyundai Doosan Infracore Company Limited, Hitachi Machinery Construction Company Limited, J. C. Bamford Excavators Limited, Komatsu Limited, Liebherr AG, Sany Group, XCMG Group, and Terex Corporation. Product innovation is the key trend that is gaining popularity in the heavy construction equipment market. Major companies operating in the heavy construction equipment market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2021, Volvo Construction Equipment (AB Volvo), a Sweden-based company operating in research and development, production, and sales of construction equipment, launched a new innovative range of compactors in machines known as the single-drum SD110C Compactor and double-drum DD90C & DD100C Compactors for Pneumatic Rollers, Pavers, and Wheel Loaders that feature VECV (VE Commercial Vehicles) engines conforming to the latest emission standards. These machines are capable of providing 10% more productivity and 20% more fuel efficiency as compared to the previous services after the upgrade. In August 2021, Hyundai Construction Equipment Co., Ltd., a South Korea-based company operating in heavy construction equipment, acquired Doosan Infracore for $760 million. Through this acquisition, Hyundai Construction Equipment aims to strengthen its product portfolio in heavy construction and make a strong position in the excavator and wheeled loader segments in South Korea, which will help it gain a market advantage. Doosan Infracore is a South Korea-based company operating in the construction equipment industry. Asia-Pacific was the largest region in the heavy construction equipment market in 2022. The regions covered in the heavy construction equipment market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heavy construction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The heavy construction equipment market consists of sales of excavators, loaders, dozers, and motor graders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heavy construction equipment market research report is one of a series of new reports from The Business Research Company that provides heavy construction equipment market statistics, including heavy construction equipment industry global market size, regional shares, competitors with a heavy construction equipment market share, detailed heavy construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the heavy construction equipment industry. This heavy construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric construction equipment is any construction equipment powered by electricity. Construction equipment is a term for heavy-duty vehicles designed expressly for carrying out construction tasks, which often involve earthmoving activities. Electric construction equipment has many advantages for the business, including lower fuel costs, fewer CO2 emissions, and a quieter, safer environment. The main product types of electric construction equipment are track loaders, excavators, backhoe loaders, skid steers, wheel loaders, and telehandlers. A track loader is similar to a skid steer. They have the same shape, yet some of their attributes are distinct. Track loaders are strong and come in a variety of models. It is used for unloading trucks, digging, lifting, grading, and bulldozing. The equipment types are electric excavator, electric motor grader, electric dozer, electric loader, electric dump truck, and electric load-haul-dump loader that have an engine capacity of less than 5 L, 5 to 10 L, and greater than 10 L with power outputs of 50 HP, 50-150 HP, 150-300 HP and, >300 HP. The global electric construction equipment market is segmented - 1) By Product Type: Track Loaders, Excavators, Backhoe Loaders, Skid Steers, Wheel Loaders, Telehandlers 2) By Equipment Type: Electric Excavator, Electric Motor Grader, Electric Dozer, Electric Loader, Electric Dump Truck, Electric Load-Haul-Dump Loader 3) By Engine Capacity Type: Less Than 5 L, 5 to 10 L, Greater Than 10 L 4) By Power Output: 50 HP, 50-150 HP, 150-300 HP and, >300 HP The global electric construction equipment market is expected to grow from $7.49 billion in 2022 to $9.18 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric construction equipment market is expected to grow to $19.98 billion in 2027 at a CAGR of 21.5%. The increase in construction activities around the globe is expected to propel the growth of the electric construction equipment market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. The rise in the construction industry increases the demand for electric construction equipment as they are useful for various tasks and procedures carried out on a building site, including rehabilitation, assembly, and obtaining accurate measurements (rangefinder function) when installing any plumbing systems, and others. For instance, in June 2021, according to Statistics Canada, the organization charged by the Canadian government with creating data to aid in the understanding of Canada, its people, resources, economy, society, and culture, the Investment in the Canadian building construction increased by 2.7% to $20.9 billion in April 2022. Furthermore, according to The United States Census Bureau, a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy, U.S. spending on construction increased by 9.3% from November 2020 to November 2021. Therefore, increasing construction industries across the globe are driving the growth of the electric construction equipment market. Major players in the electric construction equipment market are Caterpillar Inc., Volvo Construction Equipment, SANY Group, JCB Inc., Hyundai CE, Bobcat Inc., Deere & Company, King Machinery, Komatsu Ltd., Mustang CAT, Haulotte Group, Wacker Neuson SE, Toyota Motor Corporation, Hyster-Yale Group Inc., Xuzhou Construction Machinery Group Co., Yanmar Construction Equipment Co. Ltd., and Hitachi Construction Machinery. Product innovation has emerged as the key trend gaining popularity in the electric construction equipment market. Major companies operating in the electric construction equipment sector are focused on developing innovative products to meet customer demand. For instance, in July 2022, Hitachi Construction Machinery Co., Ltd., a Japan-based construction equipment company launched ZX55U-6EB, a five-ton battery-powered excavator. The new ZX55U-6EB runs with outstanding maneuverability in small places since it has carried over the ZX55U-6 model's short tail swing. The ZX55U-6EB will enable customers to work on a wide variety of projects, such as urban construction sites, residential building projects, and waste material management projects anywhere the environment is a priority. In May 2022, Volvo Construction Equipment, a Sweden-based company that develops, manufactures and markets equipment for construction and related industries acquired Limach for an undisclosed amount. This acquisition will allow Volvo to quickly increase the five electric small machines that are now offered in its line of electrified gear. Limach is a Netherlands-based manufacturer of electric excavators. Europe was the largest region in the electric construction equipment market share in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the global electric construction equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric construction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electric construction equipment market consists of sales of mining trucks and forklifts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric construction equipment market research report is one of a series of new reports from The Business Research Company that provides electric construction equipment market statistics, including the electric construction equipment industry global market size, regional shares, competitors with electric construction equipment market share, detailed electric construction equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the electric construction equipment industry. This electric construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The building and road construction equipment refer to self-propelled or towed equipment used directly in building and road construction. The main product types of building and road construction equipment are motor graders, road rollers, wheel loaders, concrete mixers, bulldozers, and other product types. Motor graders are being used to finish grade the rough grading performed by heavy CE like scrapers and bulldozers. The equipment categories are earthmoving equipment, material-handling equipment, heavy construction vehicles, and other equipment categories. The various applications involved are building construction, and road construction. The global building and road construction equipment market 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 The global building and road construction equipment market size will grow from $175.54 billion in 2022 to $194.84 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global building and road construction equipment is expected to grow to $282.41 billion in 2027 at a CAGR of 9.7%. Infrastructure development in emerging and developed countries propelled the building and road construction equipment market. Emerging and developed countries' governments and private sector are focusing on developing the infrastructure to keep up the GDP, meet the growing population needs, meet the levels of urbanization, and increase connectivity by developing highways and expressways. For instance, the total Indian investment in road construction was worth $22.4 billion with private investment accounting for 14% of the total investments. Furthermore, according to the World Bank, the private sector infrastructure investment commitments for low- and middle-income countries were valued at $76.2 billion in 2021, which was a 49% increase from 2020 globally. Governments and private sectors of developed and emerging sectors focus on infrastructure developments and require high-tech equipment for the construction process to make it easy and less time-consuming which further acts as a major driver for growth of the building and road construction equipment market. Major players in the building and road construction equipment market are AB Volvo, Caterpillar Inc., Komatsu Ltd., Liebherr Group, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Terex Corporation, The Atlas Copco Group, Deere & Company, and Sany Group. The high cost of equipment and initial setup is expected to hinder the building and road construction equipment market. The cost of equipment consists of the purchase price, sales tax, shipping cost, installation cost, and financing charges at the time of acquisition of the equipment. A new full-size excavator can cost between $100,000 and $500,000, where companies are required to make high investments, as the purchase also involve additional costs, adding to the financial burden on companies and hindering the construction and road construction equipment market. The manufacturing companies in building and road construction equipment market are concentrating on upgrading their technologies. The technology advancements aim to increase safety, productivity, and connectivity of equipment and decrease maintenance issues and costs. For instance, in March 2020, Komatsu, a Japan-based construction equipment manufacturer introduced hydraulic excavators*1 equipped with the KomVision Human Detection and Collision Mitigation System the company. The excavators are designed by advancing the 'KomVision' bird-view camera system equipped with conventional models in the Japanese market. The system identifies humans across the excavator and avoids the excavator from moving when the system detects people whenever the excavator starts to travel or swing. In October 2020, Volvo Construction Equipment, a USA-based manufacturer of construction equipment launched Volvo Active Control, an automated grading machine control system available on excavators EC250E, EC220E, and EC300E across North America. This system allows the operators to conveniently get the right depth and angle, reducing grading times by up to 45%. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a USA-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. The merger is expected to allow both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Asia-Pacific was the largest region in the building and road construction equipment market in 2022. Western Europe was the second-largest region in the global building and road construction equipment market share. The regions covered in the global building and road construction equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the building and road construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The building and road construction equipment market consists of sales of asphalt mixing plants, forklift trucks, crawler excavators, truck cranes, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building and road construction equipment market research report is one of a series of new reports from The Business Research Company that provides building and road construction equipment market statistics, including building and road construction equipment industry global market size, regional shares, competitors with a building and road construction equipment market share, detailed building and road construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the building and road construction equipment industry. This building and road construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. These type of services are provided by large contractors and small contractors. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public 3) By Type of Contractor: Large Contractors, Small Contractors Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%. The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Major companies in the market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China Evergrande Group. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects . Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Asia-Pacific was the largest region in the construction market in 2022. North America was the second-largest region in the construction market. The regions covered in the construction report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The construction market includes revenues earned by entities by constructing buildings or engineering projects (such as highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The market also includes modular building construction, prefabricated building construction, 3D building construction and green building construction The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction market research report is one of a series of new reports from The Business Research Company that provides construction market statistics, including construction industry global market size, regional shares, competitors with a construction market share, detailed construction market segments, market trends and opportunities, and any further data you may need to thrive in the construction industry. This construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction adhesives are used for waterproofing, roofing, carpet laying, cladding, and insulation applications. Construction adhesives are materials that can permanently bind diverse materials together with better efficiency and design flexibility. These are used to attach drywall, tile, holdings, and fixtures to walls, ceilings, and floors during construction activities. The main types of construction adhesives are water-based, solvent-based, hot-melt, and reactive. Water-based adhesives are used for fast action and to create high-strength bonds in construction activities. These use water as a solvent to create the coating. The various resin types used in construction are acrylic adhesive, polyurethane (PU), polyvinyl acetate (PVA), and epoxy, and they offer various applications such as residential, commercial, and industrial. The global construction adhesives market is segmented - 1) By Type: Water-based, Solvent-based, Hot-melt, Reactive 2) By Resin Type: Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy 3) By Application: Residential, Commercial, Industrial The global construction adhesives market size grew from $10.26 billion in 2022 to $11.23 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction adhesives is expected to grow to $15.09 billion in 2027 at a CAGR of 7.7%. The increase in construction activities is expected to propel the growth of the construction adhesives market going forward. Construction is the process of putting together materials to create enormous structures. The increasing construction activities for residential and non-residential buildings are promoting the construction adhesives market's growth. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development’s new residential construction data, in 2021 1,337,800 new residential housing construction units were completed, a 4% increase from 2020. Therefore, the increase in construction activities is fueling the construction adhesives market growth. Major players in the construction adhesives market are 3M, Adhesives Technology Corporation, Arkema, Avery Dennison Corporation, DAP Products Inc., The Dow Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Polymer Sealants, Mapei S.p.A., Sika AG, Wacker Chemie AG, Ashland Inc., Don Construction Products Limited, Franklin International, and Parker Hannifin Corp. Construction companies are increasingly using bio-based adhesives in their construction activities. Growing awareness of environmental problems and diminishing fossil resources has led to the development of bio-based adhesives that have a low carbon footprint and can attach well to a variety of substrates. The bio-based adhesives consist of renewable, bio-based materials that are environmentally friendly and have beneficial mechanical and chemical properties that make them more efficient. For instance, in May 2021, Henkel AG & Co., a Germany-based chemicals company, announced the development of LOCTITE HHD 3544F, the industry’s first bio-based adhesive, whose two-thirds of the content is sourced from renewable, plant-based feedstocks. In July 2022, H.B. Fuller Company, a US-based manufacturer and distributor of sealants, adhesives, and other specialty chemical products, acquired Fourny NV for an undisclosed amount. The acquisition is a strategic move in H.B. Fuller's plan to develop its manufacturing, product line, and workforce in Europe, especially in developing industries like roofing and building envelopes, and to improve supply chain management in this region. Fourny NV is a Belgium-based formulator of industrial adhesives. Asia-Pacific was the largest region in the construction adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the construction adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The construction adhesive market consists of sales of construction adhesives by chemistry, such as acrylic adhesives, polyurethanes, and silicones. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction adhesives market research report is one of a series of new reports from The Business Research Company that provides construction adhesives market statistics, including construction adhesives industry global market size, regional shares, competitors with a construction adhesives market share, detailed construction adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the construction adhesives industry. This construction adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The construction chemicals are chemical compounds that are utilized in the creation of buildings. Construction chemicals are chemical compositions that are employed with cement, concrete, or other construction components to bind them together during construction. They are essentially used to speed up the process and add more sustainability and strength to the structures. The main types of construction chemicals are concrete admixtures, waterproofing and roofing, repair, flooring, sealants and adhesives, and others. Concrete admixtures are natural or manufactured chemicals or additives added during concrete mixing to enhance specific properties of the fresh or hardened concrete, such as workability, durability, or early and final strength. The different sectors include commercial, industrial, infrastructure, residential, and public spaces. The global construction chemicals market is segmented - 1) By Type: Concrete Admixtures, Waterproofing and Roofing, Repair, Flooring, Sealants and Adhesives, Other Types 2) By End-User: Commercial, Industrial, Infrastructure and Public Places, Residential, Public Space The global construction chemicals market size grew from $44.73 billion in 2022 to $49.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global construction chemicals is expected to grow to $67.52 billion in 2027 at a CAGR of 8.3%. The increasing demand in construction significantly contributes to the growth of the construction chemicals market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structures. Construction chemicals help in the elimination of abrasions and the strengthening of bonds, extending the life of buildings. For instance, according to the FMI Corporation, a US-based management consulting company, in comparison to 2021, engineering and construction investment will increase by 5% in 2022. Major countries contributing to this growth are China, India, and the USA. Therefore, the increase in construction is expected to propel the construction chemicals market growth. Major players in the construction chemicals market are Imperial Brands plc, Arkema S.A., Dow Chemical Company, Fosroc International Ltd., Mapei S.p.A, RPM International Inc., Sika AG, Henkel AG & Co. KGaA, Ashland Global Specialty Chemicals Inc., Pidilite Industries Ltd., W. R. Grace and Co., CICO Group, Akzo Nobel N.V., and 3M Company. Strategic partnerships have emerged as a key trend gaining popularity in the construction chemicals market. Major companies operating in the construction chemicals sector are focused on partnerships to strengthen their position. For instance, in January 2021, Nippon Paint, a Japan-based paint manufacturer, partnered with Choksey Chemicals, an Indian manufacturer of construction chemicals. Through this partnership, Choksey Chemicals will manufacture and supply waterproofing and sealant grades for Nippon Paint in India. Furthermore, in May 2022, Pidilite Industries Limited, an Indian-based adhesives manufacturing company partnered with GCP Applied Technologies, a US-based provider of construction products. With the partnership, Pidilite will provide high-performance waterproofing solutions for difficult sites with high temperature variations and water tables, under the brand Dr.Fixit. In October 2020, Lone Star Funds, a US-based private equity firm, acquired BASF Construction Chemicals business for an undisclosed amount. With this acquisition, Lonestar expands its portfolio in the construction chemical business and will strive for the future success of the business. BASF SE is a Germany-based construction chemicals company. Asia-Pacific was the largest region in the construction chemicals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The construction chemicals market consists of sales of water repellants and concrete curing compound. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction chemicals market research report is one of a series of new reports from The Business Research Company that provides construction chemicals market statistics, including construction chemicals industry global market size, regional shares, competitors with a construction chemicals market share, detailed construction chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the construction chemicals industry. This construction chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The autonomous construction equipment refers to equipment includes sensors such as lidar and cameras in order to recognize humans and obstacles, and the system also uses geofencing to keep machinery within the construction sites. The main product types of autonomous construction equipment are earth moving equipment, construction vehicles, material handling equipment, concrete, and road construction equipment. Earthmoving equipment is large machinery, mainly heavy-duty vehicles designed for earthwork construction tasks. The autonomous construction equipment is partial/semi-autonomous and fully autonomous. The various applications involved are road construction, building construction, and other application. The global autonomous construction equipment market is segmented - 1) By Autonomy: Partial/Semi Autonomous, Fully Autonomous 2) By Product Type: Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Concrete & Road Construction Equipment 3) By Application: Road Construction, Building Construction, Other Applications The global autonomous construction equipment market size will grow from $11.86 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous construction equipment is expected to grow to $20.33 billion in 2027 at a CAGR of 9.7%. Most construction companies are facing heavy equipment operator shortages throughout the world. Manufacturers are more focused on technology such as robotics and automation primarily to combat labor shortages along with finishing up their tasks faster, reducing wastage, and providing high yields with improved quality. Experts believed that one of the best solutions to combat labor shortages is to automate construction equipment, especially in remote areas, for repetitive tasks and in locations with significant labor shortages. Therefore, a shortage in labor or skilled workforce is driving the growth of the Autonomous construction equipment market. Major players in the autonomous construction equipment market are Komatsu Ltd., Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Built Robotics, Inc., Cyngn, Royal Truck & Equipment, Case Construction Equipment, and Deere and Company. Safety and cyber security issues have always been a major challenge in the autonomous construction equipment market. To automate construction equipment, regardless of the control system used, cybersecurity always remains a key concern as it is challenging to control the potential damage that could be caused by the hacking of heavy equipment. It presents remote access for hackers to exploit system vulnerabilities of communication systems between vehicles and infrastructure. Threats associated with the protection and safety of personal information are always being a major concern, limiting the growth of the Autonomous construction equipment market. Making existing equipment autonomous is a growing trend in the autonomous construction equipment market. Companies are interested in automation but the implementation cost for deployment of technology is high. Therefore, construction companies are planning to rent autonomous machines to stay competitive by using new technology without the potential barriers of high investments. This is mainly avoiding costs associated with purchasing construction equipment. For instance, the cost of owning a commercial truck may add up to roughly $8,500 annually according to the statistics. To reduce the overall expenses, they are working on solutions to make their existing equipment autonomous. Built Robotics, is providing a manufacturer-agnostic solution to clients that wants to automate their machine by which customer could make their machinery autonomous without sacrificing manual operating capabilities. With more machines to be likely to become autonomous in the future, promising developments are on the horizon. In February 2022, Bell Trucks America, a U.S.-based manufacturing company providing articulated off-road dump trucks announced a partnership with a California-based developer of autonomous technology mainly for articulated dump trucks, Pronto. Articulated trucks are often used in small construction sites and underground mines. As part of the partnership, Pronto would make its advanced autonomous driving and driver safety technologies available to all Bell customers in the United States and Mexico on both new Bell trucks and existing fleets via BTA's network of more than 75 dealerships and service centers. Asia-Pacific was the largest region in the autonomous construction equipment market in 2022. North America was the second-largest region in the autonomous construction equipment market share. The regions covered in the global autonomous construction equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous construction equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The autonomous construction equipment market consists of sales of excavators, backhoe loaders, bulldozers, and skid-steer loaders. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous construction equipment market research report is one of a series of new reports from The Business Research Company that provides autonomous construction equipment market statistics, including autonomous construction equipment industry global market size, regional shares, competitors with an autonomous construction equipment market share, detailed autonomous construction equipment market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous construction equipment industry. This autonomous construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Construction equipment rental refers to the service of renting out small and large construction equipment required for the execution, completion, and maintenance of construction work. Renting construction equipment saves construction contractors the cost of new equipment, labour costs, maintenance costs, and operational costs. The main construction rental equipment includes earthmoving, material handling, road building, and concrete. Earthmoving construction equipment moves soil and other material on heavy construction sites in preparation for constructing buildings. The different construction equipment rental products include backhoes, excavators, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, and concrete mixers, which are used in residential, commercial, and industrial applications. The global construction equipment rental market is segmented - 1) By Equipment: Earthmoving, Material Handling, Road Building And Concrete 2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers 3) By Application: Residential, Commercial, Industrial The global construction equipment rental market size will grow from $95.23 billion in 2022 to $100.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction equipment rental is expected to grow to $121.76 billion in 2027 at a CAGR of 5.0%. The growing construction industry is expected to propel the growth of the construction equipment rental market going forward. The construction industry is rising because of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses a variety of construction equipment such as tower cranes, bulk material handling, transit mixers, batching plants, concrete pumps, and others. Renting this equipment helps contractors reduce the cost of purchase and maintenance. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the construction equipment rental market. Major players in the construction equipment rental market are H&E Equipment Services, Inc., Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group PLC., Loxam, Herc Holdings Inc., Aktio Corporation, Kanamoto Co., Ltd., Taiyokenki Rental Co., Ltd., Cramo, Ramirent PLC., Kiloutou, Speedy Hire PLC., Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals, and Nikken Corporation. Replacing conventional equipment with telematics-integrated machinery is a rising trend in the construction equipment market. Telematics is integrated into the construction equipment for GPS fleet tracking, maximizing fleet utilization, safeguarding equipment from theft, improving billing, equipment utilization, and others. For instance, in 2020, Appareo, a US-based manufacturer of electronic and software solutions, launched a cellular asset tracking device for off-highway equipment called  AT-130 (IP69K). The device is embedded with GPS and cellular capabilities have a high battery life and can withstand high pressure. The high-performance positioning and motion-sensing capabilities ensure that motion-based reporting is done based on true machinery repositioning, which helps to extend the battery life of the equipment and reduce false alarms. In October 2022, H&E Equipment Services, Inc., a US-based integrated equipment company that provides equipment rentals, sales, parts, and service, acquired One Source Equipment Rentals Inc. for an undisclosed amount. This acquisition will help H&E Equipment Services, Inc. expand its presence in Illinois, Indiana, and Kentucky by adding 10 equipment rental locations. One Source Equipment Rentals Inc. is a US-based supplier of construction and industrial equipment on rent. North America was the largest region in the construction equipment rental market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the construction equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The construction equipment rental market consists of revenues earned by entities that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on a daily, weekly, or monthly basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction equipment rental market research report is one of a series of new reports from The Business Research Company that provides construction equipment rental market statistics, including global market size, regional shares, competitors with construction equipment rental shares, detailed construction equipment rental segments, market trends and opportunities, and any further data you may need to thrive in the construction equipment rental industry. This construction equipment rental research market report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.