Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025
Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025
DUBLIN, June 4, 2018 /PRNewswire/ --
The "Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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The construction equipment market is projected to grow at a CAGR of 4.52% during the forecast period, to reach a market size of USD 199.18 Billion by 2025 from an estimated size of USD 146.17 Billion in 2018.
The upcoming infrastructural projects and increased government spending have led to an increase in construction activities. Additionally, with the advancements in technology, the equipment have become more fuel-efficient with lower emission levels and have enhanced safety and better-handling features.
Road roller is the fastest growing equipment in the market by equipment type. Its increasing use can be attributed to the increasing need for roads in developing countries such as India and China along with major road development projects such as China-Pakistan Economic Corridor (CPEC), which aims to connect China with Central Asia and create a modern silk route.
The tier-5 emission regulation engines are projected to have the largest market share, by emission regulation, of construction equipment by 2025. The countries in North America such as Canada, the US, and Mexico are speculated to have enforced these regulations by 2025. Additionally it is speculated that Japan will also follow these regulations once they are in effect.
The earthmoving equipment category is the largest segment of the construction equipment market, by equipment category. A majority of construction equipment are used to carry, dig, spread, or move earth or materials. The material-handling equipment category is the fastest-growing segment as these equipment provide protection for materials, goods, and products in the process of manufacturing, distribution, consumption, and disposal.
Selective Catalytic Reduction (SCR) is projected to be the largest segment of the construction equipment market by aftertreatment devices. This is due to the stringent emission regulations that are speculated to be implemented in the Asia Pacific region.
Construction equipment that use alternate fuels such as CNG, LNG, and RNG are projected to grow at the fastest rate during the forecast period. As these fuels reduce emissions by 25-40% compared with diesel, their use as primary fuels in construction equipment is projected to increase significantly.
Construction equipment with 200-400 hp power output are projected to be the fastest-growing segment. The market for these equipment in Asia Oceania is expected to grow at a faster rate as the requirement for infrastructure development in developing economies such as China and India is growing steadily. With the increasing government spending, these markets are expected to have higher growth.
Infrastructure is not only the largest but also the fastest-growing segment of the construction equipment market by application. Equipment such as crawler excavator, wheeled loader, motor grader, crawler dozer, asphalt finisher, and road roller are used to develop bridges, roads, and tunnels. Due to the increase in infrastructure projects, the demand for these equipment will also increase.
Asia Pacific is the largest market for rental construction equipment. This can be attributed to its huge vehicle parc of construction equipment. With increasing population and urbanization, the demand for infrastructure development, housing, and office space in this region is projected to increase significantly over the next few years. Thus, it is expected to be the largest market for rental construction equipment.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Construction Equipment Market, By Equipment Type
3.2 Construction Equipment Market, By Equipment Category
3.3 Construction Equipment Market, By Emission Regulation Stage
3.4 Construction Equipment Market, By Aftertreatment Device
3.5 Construction Equipment Market, By Power Output
3.6 Construction Equipment Market, By Application
3.7 Construction Equipment Market, By Propulsion Type
3.8 Construction Equipment Rental Market, By Application
4 Premium Insights
4.1 Global Construction Equipment Market
4.2 Construction Equipment Market, By Equipment Type
4.3 Construction Equipment Market, By Equipment Category
4.4 Construction Equipment Market, By Emission Regulation Stage
4.5 Construction Equipment Market, By Aftertreatment Device
4.6 Construction Equipment Market, By Power Output
4.7 Construction Equipment Market, By Propulsion Type
4.8 Construction Equipment Market, By Application
4.9 Construction Equipment Rental Market, By Application
4.10 Construction Equipment Market, By Region
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increased Investment in Infrastructure to Boost the Demand for Construction Equipment
5.1.1.2 Increasing Demand for Smart City Projects to Uplift the Construction Equipment Requirement
5.1.1.3 Upcoming Emission Regulations to Boost Advancements in Ohv Engine & Exhaust Technologies
5.1.2 Restraints
5.1.2.1 High Cost of Equipment to Hinder the Construction Equipment Market Growth
5.1.3 Opportunities
5.1.3.1 Renting Or Leasing of Construction Equipment to Upsurge the Overall Equipment Demand
5.1.3.2 Autonomous Construction Equipment to Bring Changes in the Construction Industry During the Forecast Period
5.1.4 Challenges
5.1.4.1 Lack of Standardization and High Production Cost are Major Challenges for Manufacturers
6 Construction Equipment Market, By Equipment Type
6.1 Introduction
6.2 Articulated Dump Truck
6.3 Asphalt Finisher
6.4 Backhoe Loader
6.5 Crawler Dozer
6.6 Crawler Excavator
6.7 Crawler Loader
6.8 Mini Excavators
6.9 Motor Grader
6.10 Motor SCRaper
6.11 Road Roller
6.12 Rigid Dump Truck
6.13 RTLT-Masted
6.14 RTLT-Telescopic
6.15 Skid-Steer Loader
6.16 Wheeled Excavator
6.17 Wheeled Loader <_0 />6.18 Wheeled Loader >80hp
7 Construction Equipment Market, By Equipment Category
7.1 Introduction
7.2 Earthmoving Equipment
7.3 Material-Handling Equipment
7.4 Heavy Construction Vehicles
7.5 Other Equipment
8 Construction Equipment Market, By Application
8.1 Introduction
8.2 Infrastructure
8.3 Commercial Buildings
8.4 Residential Buildings
8.5 Industrial Buildings
9 Construction Equipment Market, By Power Output
9.1 Introduction
9.2 Market for <_00 hp="hp" construction="construction" />9.3 Market for 101-200 hp Construction Equipment
9.4 Market for 201-400 hp Construction Equipment
9.5 Market for >400 hp Construction Equipment
10 Construction Equipment Market, By Emission Regulation Stage
10.1 Introduction
10.2 Stage II
10.3 Stage III
10.4 Stage IIIA
10.5 Stage IIIB
10.6 Stage IV
10.7 Stage V
10.8 Stage VI
10.9 Tier 3
10.10 Tier 4
10.11 Tier 5
11 Construction Equipment Aftertreatment Device Market, By Region
11.1 Introduction
11.2 Diesel Oxidation Catalyst (DOC)
11.3 Diesel Particulate Filter (DPF)
11.4 Exhaust Gas Recirculation (EGR)
11.5 Selective Catalytic Reduction (SCR)
12 Construction Equipment Market, By Propulsion Type
12.1 Introduction
12.2 Diesel
12.3 Gasoline
12.4 CNG/LNG/RNG
13 Construction Equipment Rental Market, By Application
13.1 Introduction
13.2 Infrastructure
13.3 Commercial Buildings
13.4 Residential Buildings
13.5 Industrial Buildings
14 Construction Equipment Market, By Region
15 Competitive Landscape
15.1 Introduction
15.2 Market Share Analysis
15.3 Competitive Scenario
15.3.1 New Product Developments
15.3.2 Expansions
15.3.3 Mergers & Acquisitions
15.3.4 Partnerships/Agreements/Supply Contracts/Collaborations/Joint Ventures
16 Company Profile
16.1 Caterpillar
16.2 Volvo Construction Equipment
16.3 Komatsu
16.4 CNH Industrial
16.5 Liebherr
16.6 Hitachi Construction Machinery
16.7 Terex
16.8 John Deere
16.9 Zoomlion
16.10 JCB
16.11 Additional CPS
16.11.1 Europe
16.11.1.1 Atlas Copco AB
16.11.1.2 Sandvik Group
16.11.1.3 Wirtgen Group
16.11.1.4 Ammann
16.11.2 US
16.11.2.1 Manitowoc
16.11.2.2 Astec Industries
16.11.3 Asia Pacific
16.11.3.1 Doosan
16.11.3.2 XCMG
16.11.3.3 Liugong
16.11.3.4 Hyundai Heavy Industries
16.11.3.5 Kobe Steel
16.11.3.6 Sumitomo Heavy Industrie
For more information about this report visit https://www.researchandmarkets.com/research/pn4pmv/construction?w=5
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