Road Construction Machinery Market Size, Share Analysis and Forecast 2023–2028
Road Construction Machinery Market
Construction Machinery Global Market Report 2023 — By Product (Earthmoving, Material Handling, Building and Road Construction Equipment, Autonomous Construction Equipment), By Application (Excavation and mining, Lifting and material handling, Earth moving, Transportation, Other Applications), By End User (Oil and Gas, Construction and Infrastructure, Manufacturing, Mining, Other End Users) — Market Size, Trends, And Market Forecast 2023–2032
Construction machinery encompasses a range of robust machines specifically engineered to execute construction tasks. These heavy-duty equipment are deployed in various construction projects to facilitate the loading and unloading of materials, maneuver tools and supplies within construction sites, transport materials to and from processing machines, handle the transportation of raw materials, engage in vegetation clearance such as tree cutting, and serve numerous other applications indispensable to the field of construction.
Construction machinery encompasses a diverse range of products, including earthmoving equipment, material handling machines, building and road construction equipment, as well as autonomous construction equipment. Earthmoving machinery is specifically designed for excavating and relocating substantial volumes of soil.
Its applications span excavation and mining, lifting and material handling, earthmoving operations, transportation, and various other uses. These machines find extensive utilization across different industries, with notable end-users including Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, and other sectors.
The global construction machinery market size will grow from $308.97 billion in 2022 to $336.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. 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 global construction machinery market size is expected to grow from $458.34 billion in 2027 at a CAGR of 8.0%.
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Construction Machinery Market Players:
Zoomlion, Deere & Company, Ditch Witch, Doosan, Gehl, Hitachi, HYSOON, Hyundai, J.C. Bamford Excavators, JCB, Kanu Equipment, Kobelco, Komatsu, Kubota, L&T Construction & Mining Machinery, Liebherr Group, Liugong Machinery, Longking, Loval, MUSTANG, SANY, SINOMACH Changlin, Solmec Earthmovers, Sumitomo, Sunward, Terex, Volvo, WECAN, WOLWA, XCMG, CNH Industrial, Action Construction, Equipment, ASV, Bharat Earth Movers, Bobcat, Caterpillar/Cat, Changlin
By Types:
Road Making, Earth Moving
By Applications:
Mining Activities, Archeological Activities, Agricultural Activities, Infrastructural Activities, Other
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2017–2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2017–2028. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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