Asia-Pacific Heavy Construction Equipment Market Size, Industry Trends, Share, Analysis, Growth and Forecast 2023-2030

February 12, 2023

Asia Pacific Heavy Construction Equipment Market – Overview

The Asia-Pacific Heavy Construction Equipment market size is expected to expand globally at a CAGR of 8.45%. During the historic forecast period in 2019, the global market was valued at a final figure of USD 77.7 billion. For the ongoing forecast period of 2022-2030

Heavy construction equipment has been proved as a backbone for construction industry in order to save a lot of time and labour cost. There are several equipment that serve various purpose at construction sites. Various activities including earthmoving, material handling, transporting materials, etc. are catered by heavy construction equipment.

High investments of construction industry in BRIC countries are driving the growth for heavy construction equipment market. Additionally, the need of satisfying rising infrastructure demand by growing population will enhance the growth prospects of heavy construction equipment market.

Key Players:

The most prominent major key players in the Asia-Pacific Heavy Construction Equipment market all across the globe are mentioned below:

Caterpillar, Inc.
Tadano Ltd.
Doosan Group
Terex Corporation
Hitachi Construction Machinery
Sany Group
J.C. Bamford Excavators Limited
Liebherr
Komatsu Ltd.
John Deere
Kobelco Construction Machinery

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Scope Of Asia Pacific Heavy Construction Equipment Industry Ecosystems

Revenue Growth Rate (CAGR) by 2030	4.34%
Market Growth Forecast	2023 - 2030
Emerging Market Segments	By Types (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others (Cranes, Excavator, Dozer)), By applications (Mining & Excavation, Earthmoving, Transportation, Lifting, Material Handling, Others), end-users (Oil & Gas Industry, Construction Industry, Military, Mining, Agriculture & Forestry and Others)
Market Survey Data	Recession Impact, Pricing Analysis, Patent Analysis, Value Chain Analysis, Policy and Regulations, Disruptions And Trends, Supply And Demand Trends, International Competition and others.
Market Opportunity & Predictions in	Asia-Pacific
Product Mapping by Regions	Rest of America, US, Canada, Mexico, Brazil, Argentina, Germany, UK, Russia, Italy, Rest Of Europe, China, Japan, India, South Korea, Rest Of Asia-Pacific, Saudi Arabia, UAE, Iran, Qatar, Rest Of The Middle East, South Africa, Nigeria, Rest Of Africa, ROW

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the Asia Pacific Heavy Construction Equipment market are that of new product development.

On May 2017, Volvo CE has unveiled electric compact excavator prototype that delivers zero emission 10 times higher efficiency, 10 times lower noise levels and reduced total cost of ownership.

On September 2016, Hitachi Construction Machinery Develops Object Detect Assist Technology for Mining Dump Trucks that will detect the obstacle when operator are driving, stopping, or starting mining dump trucks.

In 2017, Aregger AG has partnered with Liebherr Machines Bulle S.A (Switzerland) for providing customised demolition excavator. This will widen their product portfolio.

In December, 2016 – JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.

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Heavy Construction Equipment Market – Segmentation

The Asia Pacific Heavy Construction Equipment market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises Blanking, Embossing, Flanging, Bending, Coining and Others)

Segmentation by Application: Comprises Passenger Cars, Commercial Vehicles, Recreational Vehicles and Others

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Heavy Construction Equipment Market: Regional Analysis

Asia Pacific region is expected to be the largest market in heavy construction equipment due to prospective growth in China which is followed by India, Japan, Singapore and other countries. In recent years, the demand for the construction equipment has been increasing with increasing speed as standard of living of people are increasing, disposable income are increasing, infrastructure is developing and most important people want their own house is forcing the heavy construction equipment market. Various economic factor that have led to the growth of the market are demand of heavy construction equipment. Government is taking initiative for various services like education, healthcare, public transport, infrastructure and other facilities are also helping the market to grow.

Some of the Key Evaluation Pointers of Asia Pacific Heavy Construction Equipment Market Report Data 2023: