Global Heavy Equipment Market Size, Share, and Growth & Trends Analysis By Equipment Type (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others) By End User (Infrastructure, Construction, Mining, Oil & Gas, Manufacturing, Others) By Application (Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling & Waste Management) By Region (North America, Asia Pacific, Europe, Middle East & Africa, South America): Regional Outlook, Growth Potential and Segments Forecast 2024-2031

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Description

The Global Heavy Equipment Market size was USD $ 176.2 billion in 2023 and is projected to reach USD $ 190.1 billion by 2031, with a CAGR of 4.4 % during the forecast period. 

Global Heavy Equipment Market: Overview

The heavy equipment market has undergone significant advancements recently, focusing on enhancing efficiency, safety, and sustainability. Innovations include autonomous construction vehicles integrating AI and sensors for precise, less human-dependent operations, as seen in Caterpillar’s autonomous excavators and Komatsu’s self-driving dump trucks. Telematics and IoT are enabling real-time monitoring and predictive maintenance of equipment, with Volvo’s CareTrack and Hitachi’s ConSite solutions providing advanced fleet management capabilities.

Electric-powered alternatives for excavators and cranes, such as Liebherr’s LH 30 M Electric and Sany’s all-electric excavators, are reducing emissions, aligning with eco-friendly practices. Augmented Reality (AR) is revolutionizing operator training with immersive simulations from companies like Trimble, improving safety and learning outcomes. 3D printing is speeding up construction by creating building components on-site, minimizing waste, as demonstrated by Apis Cor’s mobile 3D printing construction systems. Tiltrotator accessories from Engcon and Rototilt are enhancing equipment versatility with 360-degree rotation capabilities.

Automation and AI systems, like Komatsu’s Smart Construction solutions, are mitigating errors and boosting construction efficiency. Electrification trends are gaining momentum, with Volvo’s electric compact excavators and wheel loaders offering quieter, lower-emission equipment while cutting operational costs. These innovations are reshaping the heavy equipment sector, establishing new benchmarks in efficiency, safety, and sustainability for global construction projects.

Global Heavy Equipment Market: Covid-19 Impact

The COVID-19 pandemic significantly impacted the heavy equipment market, causing disruptions in supply chains, production delays, and reduced demand due to economic slowdowns and project postponements. Manufacturers faced challenges in maintaining operations, while customers deferred purchases amidst uncertainty. However, there was an increased focus on equipment sanitation and safety measures to mitigate virus transmission risks on job sites. As economies recover, the market shows signs of gradual stabilization and adaptation to new operational norms.

Global Heavy Equipment Market: Growth Drivers

  • Infrastructure Development:

Increasing investments in infrastructure projects worldwide, driven by urbanization and industrialization, are boosting the demand for heavy equipment such as excavators, loaders, and cranes. Governments and private sectors are investing in roads, railways, airports, and utilities, driving market growth.

  • Technological Advancements:

Rapid advancements in technology, including automation, telematics, and IoT integration, are enhancing the efficiency, safety, and operational capabilities of heavy equipment. These innovations reduce downtime, improve productivity, and lower operating costs, making modern equipment more attractive to end-users.

  • Environmental Regulations:

Stringent environmental regulations are pushing the adoption of eco-friendly heavy equipment. Manufacturers are developing hybrid and electric models to comply with emission standards, attracting environmentally conscious buyers and enhancing market growth.

Global Heavy Equipment Market: Restraining Factors

  • High Initial Cost:

The substantial upfront investment required to purchase heavy equipment acts as a significant barrier, particularly for small and medium enterprises (SMEs). This limits market penetration and slows down adoption rates, especially in emerging economies with budget constraints.

  • Maintenance and Operating Costs:

Heavy equipment maintenance and operational costs can be substantial over their lifecycle. High maintenance costs, coupled with skilled labor shortages for repairs and operations, pose challenges to profitability for equipment owners and operators.

Global Heavy Equipment Market:  Opportunity Factors

  • Emerging Markets:

Increasing infrastructure development in emerging markets presents significant growth opportunities. Countries in Asia-Pacific, Africa, and Latin America are ramping up construction and industrial projects, driving demand for heavy equipment across various sectors.

  • Rental Market Expansion:

The growing trend towards equipment rental rather than ownership provides opportunities for rental companies. This trend appeals to businesses seeking flexibility, cost-efficiency, and reduced maintenance responsibilities, thereby expanding the market for rental services.

Global Heavy Equipment Market: Challenges

  • Trade Restrictions and Tariffs:

Global trade tensions and tariffs on raw materials and equipment components can disrupt supply chains and increase costs for manufacturers. Uncertainties in trade policies and geopolitical tensions pose challenges for international operations and market expansion.

  • Skills Shortages:

There is a persistent shortage of skilled operators and technicians capable of maintaining and operating modern heavy equipment. This skills gap limits productivity increases training costs, and affects overall efficiency in equipment utilization, posing a challenge to industry growth.

Global Heavy Equipment Market: Segmentation

Based on Equipment Type: The market is segmented into Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others.

Based on End User: The market is segmented into Infrastructure, Construction, Mining, Oil & Gas, Manufacturing, Others.

Based on Application: The market is segmented into Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling & Waste Management.

Global Heavy Equipment Market: Regional Insights

  • North America:

The heavy equipment market in North America is characterized by robust growth driven primarily by infrastructure development, construction activities, and mining operations. Key factors influencing market dynamics include technological advancements, such as automation and telematics, enhancing equipment efficiency and safety. For instance, Caterpillar’s autonomous haul trucks and Komatsu’s remote-controlled excavators are improving productivity and safety in mining operations.

Environmental regulations are pushing for cleaner and more fuel-efficient machinery, influencing product innovation. Volvo Construction Equipment has launched several electric and hybrid models, including the ECR25 Electric excavator and L25 Electric wheel loader, to meet sustainability goals. The market is competitive with major players like Caterpillar, Komatsu, and Volvo Construction Equipment dominating, offering a wide range of equipment from excavators to loaders and bulldozers.

Rental services are gaining traction as businesses opt for cost-effective solutions amidst fluctuating economic conditions. United Rentals, the largest equipment rental company in North America, has expanded its fleet of electric and low-emission machines to cater to the growing demand for sustainable equipment. Government initiatives for infrastructure modernization and urbanization projects, such as the $1 trillion Infrastructure Investment and Jobs Act in the U.S., further stimulate demand for heavy equipment.

Despite economic uncertainties, the market shows resilience with steady investments in machinery upgrades and replacements. Caterpillar recently announced a $1 billion investment to expand its manufacturing facility in Texas to meet the growing demand for construction and mining equipment. Overall, the North American heavy equipment market is poised for continued growth, driven by technological advancements, regulatory changes, and infrastructure development initiatives.

  • Asia Pacific:

The Asia Pacific heavy equipment market is characterized by robust growth driven by infrastructure development, urbanization, and industrialization across the region. Countries like China, India, Japan, and South Korea are pivotal in driving demand for heavy equipment such as excavators, loaders, bulldozers, and cranes. China, as the largest market, continues to invest heavily in construction and mining projects, bolstering equipment sales. India follows with significant infrastructure expansion plans, including roads, railways, and urban development projects. Japan and South Korea contribute with advanced manufacturing capabilities, focusing on technological innovation and efficiency in heavy machinery. The market also sees increasing adoption of electric and hybrid equipment, driven by environmental regulations and sustainability goals. Overall, the Asia Pacific heavy equipment sector remains dynamic, influenced by economic policies, technological advancements, and the ongoing modernization of infrastructure across diverse regional economies.

Global Heavy Equipment Market: Competitive Landscape

Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group, XCMG Group.

Global Heavy Equipment Market: Recent Developments

  • June 2024 — John Deere announced the launch of the new 6M tractor, providing farmers and ranchers numerous options in one of the industry’s most versatile and dependable tractors. 
  • May 2024 — John Deere is expanding the versatility of its rugged electronic controls by working with software supplier New Eagle to offer original equipment manufacturers (OEMs) a complete open-platform solution for their specialized applications that integrates rugged hardware with a streamlined software solution.
  • April 2024 — Caterpillar, we’ve been developing advanced systems internally for decades. More than thirty years ago, we ran the first two prototype Cat® 777C autonomous mining trucks at a Texas limestone quarry using advanced algorithms, showing autonomous operations could improve safety and productivity.

Table of Content

CHAPTER 1: EXECUTIVE SUMMARY
1.1. Summary
CHAPTER 2: RESEARCH METHODOLOGY
2.1. Research Process
2.2. Primary Research
2.3. Secondary Research
2.4. Market Size Estimation
2.5. Research Methodology
2.6. Analyst Tools/Models/Techniques
2.6.1. Notations
2.7. Market Scope & Segmentation
2.8. Currency & Pricing Considered
CHAPTER 3: MARKET TRENDS
3.1. Introduction
3.2. Drivers
3.2.1. Infrastructure Development
3.3. Restraints
3.3.1. Maintenance and Operating Costs
3.4. Opportunities
3.4.1. Rental Market Expansion
3.5. Challenges
3.5.1. Skills Shortages
3.6. Investment Feasibility Analysis
3.7. Latest Trends
CHAPTER 4: MARKET ASSESSMENT
4.1. Porters Five Forces Analysis
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitute
4.1.5. Intensity of Competitive Rivalry
4.2. Value Chain Analysis
4.3. Market Share Analysis
4.4. Impact of Key Regulations on the Market
4.5. SWOT Analysis
4.6. PESTEL Analysis
4.7. Patent Analysis
4.7.1. By Equipment Type
4.7.2. By End User
4.7.3. By Application
4.8. Roadmap Development
4.9. Market Lineage Outlook
4.9.1. Parent Market Outlook
4.9.2. Ancillary Market Outlook
CHAPTER 5: IMPACT OF RECESSION ON THE MARKET
5.1. Introduction
5.1.1. Short Term Impact
5.1.2. Long Term Impact
CHAPTER 6: GLOBAL COMMERCIAL AEROSPACE MARKET, BY EQUIPMENT TYPE
6.1. Introduction
6.1.1. Market Size & Forecast
6.1.2. Global Heavy Equipment MarketShare, By Equipment Type -2023 and 2031 (%)
6.2. EARTHMOVING EQUIPMENT
6.2.1. Key market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Regions
6.3. MATERIAL HANDLING EQUIPMENT
6.3.1. Key market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Regions
6.4. HEAVY CONSTRUCTION VEHICLES
6.4.1. Key market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Regions
6.5. OTHERS
6.5.1. Key market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Regions
CHAPTER 7: GLOBAL COMMERCIAL AEROSPACE MARKET, BY END USER
7.1. Introduction
7.1.1. Market Size & Forecast
7.1.2. Global Heavy Equipment MarketShare, Mode Of Operation -2023 and 2031 (%)
7.2. INFRASTRUCTURE
7.2.1. Key market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Regions
7.3. CONSTRUCTION
7.3.1. Key market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Regions
7.4. MINING
7.4.1. Key market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Regions
7.5. OIL & GAS
7.5.1. Key market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Regions
7.6. MANUFACTURING
7.6.1. Key market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Regions
CHAPTER 8: GLOBAL COMMERCIAL AEROSPACE MARKET, BY APPLICATION
8.1. Introduction
8.1.1. Market Size & Forecast
8.1.2. Heavy Equipment MarketShare, By Application -2023 and 2031 (%)
8.2. EXCAVATION & DEMOLITION
8.2.1. Key market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Regions
8.3. HEAVY LIFTING
8.3.1. Key market Trends, Growth Factors, and Opportunities

8.4. TUNNELING
8.4.1. Key market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Regions
8.5. MATERIAL HANDLING
8.5.1. Key market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Regions
8.6. RECYCLING & WASTE MANAGEMENT
8.6.1. Key market Trends, Growth Factors, and Opportunities
8.6.2. Market Size and Forecast, by Regions
CHAPTER 9: NORTH AMERICA MARKET ANALYSIS
9.1. Introduction
9.2. Heavy Equipment Marketby Country
9.3. North America Heavy Equipment Marketby Country, USD Million 2019-2031
9.3.1. Market Size & Forecast, By Equipment Type
9.3.2. Market Size & Forecast, By End User
9.3.3. Market Size & Forecast, By Application
9.4. U.S.
9.4.1. Market Size & Forecast, By Equipment Type
9.4.2. Market Size & Forecast, By End User
9.4.3. Market Size & Forecast, By Application
9.5. Canada
9.5.1. Market Size & Forecast, By Equipment Type
9.5.2. Market Size & Forecast, By End User
9.5.3. Market Size & Forecast, By Application
CHAPTER 10: EUROPE MARKET ANALYSIS
10.1. Introduction
10.2. Heavy Equipment Marketby Country
10.3. Europe Heavy Equipment Marketby Country, USD Million 2019-2031
10.3.1. Market Size & Forecast, By Equipment Type
10.3.2. Market Size & Forecast, By End User
10.3.3. Market Size & Forecast, By Application
10.4. Germany
10.4.1. Market Size & Forecast, By Equipment Type
10.4.2. Market Size & Forecast, By End User
10.4.3. Market Size & Forecast, By Application
10.5. France
10.5.1. Market Size & Forecast, By Equipment Type
10.5.2. Market Size & Forecast, By End User
10.5.3. Market Size & Forecast, By Application
10.6. U.K.
10.6.1. Market Size & Forecast, By Equipment Type
10.6.2. Market Size & Forecast, By End User
10.6.3. Market Size & Forecast, By Application
10.7. Italy
10.7.1. Market Size & Forecast, By Equipment Type
10.7.2. Market Size & Forecast, By End User
10.7.3. Market Size & Forecast, By Application
10.8. Spain
10.8.1. Market Size & Forecast, By Equipment Type
10.8.2. Market Size & Forecast, By End User
10.8.3. Market Size & Forecast, By Application
10.9. Benelux
10.9.1. Market Size & Forecast, By Equipment Type
10.9.2. Market Size & Forecast, By End User
10.9.3. Market Size & Forecast, By Application
10.10. Rest of Europe
10.10.1. Market Size & Forecast, By Equipment Type
10.10.2. Market Size & Forecast, By End User
10.10.3. Market Size & Forecast, By Application
CHAPTER 11: ASIA-PACIFIC MARKET ANALYSIS
11.1. Introduction
11.2. Heavy Equipment Marketby Country
11.3. Asia Pacific Heavy Equipment Marketby Country, USD Million 2019-2031
11.3.1. Market Size & Forecast, By Equipment Type
11.3.2. Market Size & Forecast, By End User
11.3.3. Market Size & Forecast, By Application
11.4. China
11.4.1. Market Size & Forecast, By Equipment Type
11.4.2. Market Size & Forecast, By End User
11.4.3. Market Size & Forecast, By Application
11.5. India
11.5.1. Market Size & Forecast, By Equipment Type
11.5.2. Market Size & Forecast, By End User
11.5.3. Market Size & Forecast, By Application
11.6. Japan
11.6.1. Market Size & Forecast, By Equipment Type
11.6.2. Market Size & Forecast, By End User
11.6.3. Market Size & Forecast, By Application
11.7. Australia
11.7.1. Market Size & Forecast, By Equipment Type
11.7.2. Market Size & Forecast, By End User
11.7.3. Market Size & Forecast, By Application
11.8. South Korea
11.8.1. Market Size & Forecast, By Equipment Type
11.8.2. Market Size & Forecast, By End User
11.8.3. Market Size & Forecast, By Application
11.9. Souethest Asia
11.9.1. Market Size & Forecast, By Equipment Type
11.9.2. Market Size & Forecast, By End User
11.9.3. Market Size & Forecast, By Application
11.10. Rest of Asia Pacific
11.10.1. Market Size & Forecast, By Equipment Type
11.10.2. Market Size & Forecast, By End User
11.10.3. Market Size & Forecast, By Application
CHAPTER 12: LATIN AMERICA AND THE CARIBBEAN MARKET ANALYSIS
12.1. Introduction
12.2. Heavy Equipment Marketby Country
12.3. Latin America Heavy Equipment Marketby Country, USD Million 2019-2031
12.3.1. Market Size & Forecast, By Equipment Type
12.3.2. Market Size & Forecast, By End User
12.3.3. Market Size & Forecast, By Application
12.4. Brazil
12.4.1. Market Size & Forecast, By Equipment Type
12.4.2. Market Size & Forecast, By End User
12.4.3. Market Size & Forecast, By Application
12.5. Mexico
12.5.1. Market Size & Forecast, By Equipment Type
12.5.2. Market Size & Forecast, By End User
12.5.3. Market Size & Forecast, By Application
12.6. Rest of Latin America
12.6.1. Market Size & Forecast, By Equipment Type
12.6.2. Market Size & Forecast, By End User
12.6.3. Market Size & Forecast, By Application
CHAPTER 13: THE MIDDLE EAST AND AFRICA MARKET ANALYSIS
13.1. Introduction
13.2. Heavy Equipment Marketby Country
13.3. MEA Heavy Equipment Marketby Country, USD Million 2019-2031
13.3.1. Market Size & Forecast, By Equipment Type
13.3.2. Market Size & Forecast, By End User
13.3.3. Market Size & Forecast, By Application
13.4. South Africa
13.4.1. Market Size & Forecast, By Equipment Type
13.4.2. Market Size & Forecast, By End User
13.4.3. Market Size & Forecast, By Application
13.5. Saudi Arabia
13.5.1. Market Size & Forecast, By Equipment Type
13.5.2. Market Size & Forecast, By End User
13.5.3. Market Size & Forecast, By Application
13.6. UAE
13.6.1. Market Size & Forecast, By Equipment Type
13.6.2. Market Size & Forecast, By End User
13.6.3. Market Size & Forecast, By Application
13.7. Rest of MEA
13.7.1. Market Size & Forecast, By Equipment Type
13.7.2. Market Size & Forecast, By End User
13.7.3. Market Size & Forecast, By Application
CHAPTER 14: COMPETITIVE LANDSCAPE
14.1. Introduction
14.2. Market Player Positioning, 2022
14.3. Company Evaluation Matrix
14.4. Product Mapping of Top 10 Player
14.5. Market Opportunities and Future Trends
14.6. Competitive Heatmap
14.7. Top Winning Growth Strategies
14.7.1. Major Growth Strategies
14.7.2. Expansion
14.7.3. Merger and Acquisition
14.7.4. Other Developments
CHAPTER 15: COMPANY PROFILES
15.1. CATERPILLAR INC.
15.1.1. Company Overview
15.1.2. Key Executives
15.1.3. Financial Overview
15.1.4. Business Productnalysis
15.1.5. Product Portfolio
15.1.6. Key Strategic Developments
15.2. CNH INDUSTRIAL N.V.
15.3. DEERE & COMPANY
15.4. DOOSAN INFRACORE CO LTD.
15.5. HITACHI CONSTRUCTION MACHINERY CO. LTD.
15.6. J C BAMFORD EXCAVATORS LTD.
15.7. KOMATSU LTD.
15.8. LIEBHERR INTERNATIONAL AG
15.9. VOLVO GROUP
15.10. XCMG GROUP

Tables & Figures

LIST OF TABLES
Table 1. Global Heavy Equipment Market INDUSTRY SNAPSHOT, 2022-2031
Table 2. Global Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 3. Global Heavy Equipment Market EARTHMOVING EQUIPMENT, BY REGION-2019-2031 (USD MILLION)
Table 4. Global Heavy Equipment Market MATERIAL HANDLING EQUIPMENT, BY REGION-2019-2031 (USD MILLION)
Table 5. Global Heavy Equipment Market HEAVY CONSTRUCTION VEHICLES, BY REGION-2019-2031 (USD MILLION)
Table 6. Global Heavy Equipment Market OTHERS, BY REGION-2019-2031 (USD MILLION)
Table 7. Global Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 8. Global Heavy Equipment Market INFRASTRUCTURE, BY REGION-2019-2031 (USD MILLION)
Table 9. Global Heavy Equipment Market CONSTRUCTION, BY REGION-2019-2031 (USD MILLION)
Table 10. Global Heavy Equipment Market MINING, BY REGION-2019-2031 (USD MILLION)
Table 11. Global Heavy Equipment Market OIL & GAS, BY REGION-2019-2031 (USD MILLION)
Table 12. Global Heavy Equipment Market MANUFACTURING, BY REGION-2019-2031 (USD MILLION)
Table 13. Global Heavy Equipment Market OTHER, BY REGION-2019-2031 (USD MILLION)
Table 14. Global Heavy Equipment Market SHARE, By Application -2019-2031 (USD MILLION)
Table 15. Global Heavy Equipment Market EXCAVATION & DEMOLITION, BY REGION-2019-2031 (USD MILLION)
Table 16. Global Heavy Equipment Market HEAVY LIFTING, BY REGION-2019-2031 (USD MILLION)
Table 17. Global Heavy Equipment Market MATERIAL HANDLING, BY REGION-2019-2031 (USD MILLION)
Table 18. Global Heavy Equipment Market RECYCLING & WASTE MANAGEMENT, BY REGION-2019-2031 (USD MILLION)
Table 19. NORTH AMERICA Heavy Equipment Market BY COUNTRY, USD MILLION 2019-2031
Table 20. NORTH AMERICA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 21. NORTH AMERICA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 22. NORTH AMERICA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 23. U.S. Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 24. U.S. Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 25. U.S. Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 26. CANADA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 27. CANADA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 28. CANADA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 29. EUROPE Heavy Equipment Market BY COUNTRY, USD MILLION 2019-2031
Table 30. EUROPE Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 31. EUROPE Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 32. EUROPE Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 33. GERMANY Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 34. GERMANY Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 35. GERMANY Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 36. FRANCE Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 37. FRANCE Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 38. FRANCE Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 39. UK Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 40. UK Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 41. UK Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 42. ITALY Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 43. ITALY Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 44. ITALY Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 45. SPAIN Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 46. SPAIN Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 47. SPAIN Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 48. BENELUX Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 49. BENELUX Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 50. BENELUX Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 51. REST OF EUROPE Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 52. REST OF EUROPE Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 53. REST OF EUROPE Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 54. ASIA PACIFIC Heavy Equipment Market BY COUNTRY, USD MILLION 2019-2031
Table 55. ASIA PACIFIC Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 56. ASIA PACIFIC Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 57. ASIA PACIFIC Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 58. CHINA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 59. CHINA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 60. CHINA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 61. INDIA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 62. INDIA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 63. INDIA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 64. JAPAN Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 65. JAPAN Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 66. JAPAN Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 67. AUSTRALIA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 68. AUSTRALIA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 69. AUSTRALIA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 70. SOUTH KOREA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 71. SOUTH KOREA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 72. SOUTH KOREA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 73. SOUETHEST ASIA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 74. SOUETHEST ASIA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 75. SOUETHEST ASIA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 76. REST OF ASIA PACIFIC Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 77. REST OF ASIA PACIFIC Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 78. REST OF ASIA PACIFIC Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 79. LATIN AMERICA Heavy Equipment Market BY COUNTRY, USD MILLION 2019-2031
Table 80. LATIN AMERICA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 81. LATIN AMERICA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 82. LATIN AMERICA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 83. BRAZIL Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 84. BRAZIL Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 85. BRAZIL Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 86. MEXICO Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 87. MEXICO Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 88. MEXICO Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 89. REST OF LATIN AMERICA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 90. REST OF LATIN AMERICA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 91. REST OF LATIN AMERICA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 92. MEA Heavy Equipment Market BY COUNTRY, USD MILLION 2019-2031
Table 93. MEA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 94. MEA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 95. MEA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 96. SOUTH AFRICA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 97. SOUTH AFRICA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 98. SOUTH AFRICA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 99. SAUDI ARABIA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 100. SAUDI ARABIA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 101. SAUDI ARABIA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 102. UAE Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 103. UAE Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 104. UAE Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 105. REST OF MEA Heavy Equipment Market SHARE, By Equipment Type -2019-2031 (USD MILLION)
Table 106. REST OF MEA Heavy Equipment Market SHARE, By End User -2019-2031 (USD MILLION)
Table 107. REST OF MEA Heavy Equipment Market SHARE, By Application – 2019-2031 (USD MILLION)
Table 108. KEY EXPANSIONS (2019-2022)
Table 109. KEY MERGERS AND ACQUISITION (2019-2022)
Table 110. OTHER KEY DEVELOPMENTS (2019-2022)

LIST OF FIGURES
Figure 1. REGIONAL ANALYSIS (2022 & 2031)
Figure 2. RESEARCH PROCESS
Figure 3. ANALYSIS FRAMEWORK
Figure 4. IMPACT OF KEY REGULATION ON THE MARKET
Figure 5. SWOT ANALYSIS
Figure 6. Global Heavy Equipment Market SHARE, By Equipment Type -2023 & 2031 (USD MILLION)
Figure 7. Global Heavy Equipment Market, EARTHMOVING EQUIPMENT -2019-2031 (USD MILLION)
Figure 8. Global Heavy Equipment Market, MATERIAL HANDLING EQUIPMENT -2019-2031 (USD MILLION)
Figure 9. Global Heavy Equipment Market SHARE, By End User -2023 & 2031 (USD MILLION)
Figure 10. Global Heavy Equipment Market, INFRASTRUCTURE -2019-2031 (USD MILLION)
Figure 11. Global Heavy Equipment Market, CONSTRUCTION -2019-2031 (USD MILLION)
Figure 12. Global Heavy Equipment Market, MINING -2019-2031 (USD MILLION)
Figure 13. Global Heavy Equipment Market, OIL & GAS -2019-2031 (USD MILLION)
Figure 14. Global Heavy Equipment Market, MANUFACTURING -2019-2031 (USD MILLION)
Figure 15. Global Heavy Equipment Market, OTHER -2019-2031 (USD MILLION)
Figure 16. Global Heavy Equipment Market SHARE, By Application -2023 & 2031 (USD MILLION)
Figure 17. Global Heavy Equipment Market, EXCAVATION & DEMOLITION -2019-2031 (USD MILLION)
Figure 18. Global Heavy Equipment Market, HEAVY LIFTING -2019-2031 (USD MILLION)
Figure 19. Global Heavy Equipment Market, MATERIAL HANDLING -2019-2031 (USD MILLION)
Figure 20. Global Heavy Equipment Market, RECYCLING & WASTE MANAGEMENT -2019-2031 (USD MILLION)
Figure 21. MARKET PLAYER POSITIONING, 2022
Figure 22. COMPANY EVALUATION MATRIX
Figure 23. PRODUCT MAPPING OF TOP 10 PLAYERS
Figure 24. COMPETITIVE HEATMAP OF KEY PLAYERS

Frequently Asked Questions (FAQ):

  • Which is the leading segment in the Global Heavy Equipment Market?

    Based on equipment type, the Earthmoving Equipment segment is typically the dominating segment in the global heavy equipment market.
  • What are the key factors driving the Global Heavy Equipment Market?

    Urbanization and Infrastructure Development, Innovations in equipment technology, Rising Energy Demand are some of the key factors driving the growth in the market.
  • Which region will contribute notably towards the Global Heavy Equipment Market?

    North America region to contribute the major share towards the market growth.
  • What are the key players in the Global Heavy Equipment Market?

    Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group, XCMG Group and Others.

Buying Options

Original price was: $6,000.00.Current price is: $5,100.00.
Original price was: $5,000.00.Current price is: $4,500.00.
Original price was: $4,000.00.Current price is: $3,800.00.