The global building & road construction equipment market is expected to grow from $37.65 billion in 2020 to $41.67 billion in 2021 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $57.88 billion in 2025 at a CAGR of 8.6%.
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The building and road construction equipment market consist of sales of building and road construction equipment by entities (organizations, sole traders or partnerships) that are engaged in manufacturing building and road construction machinery and equipment such as road roller machine, asphalt mixing plant, forklift truck, crawler excavator, truck crane, and others.
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The building and road construction equipment market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of 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, Sany Group, Wacker Neuson, CNH Industrial NV.
The global building and road construction equipment market is segmented –
1) By Product Type: Motor Graders, Road Roller, Wheel Loaders, Concrete Mixer, Bulldozers, Others
2) By Application: Building Construction, Road Construction
3) By Equipment Category: Earthmoving Equipment, Material-Handling Equipment, Heavy Construction Vehicles, Other Equipment
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The building and road construction equipment market report describes and explains the global building and road construction equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The building and road construction equipment report evaluates the market across each region and for the major economies within each region.
The countries covered in the global building and road construction equipment market 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 regions covered in the global building and road construction equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Building And Road Construction Equipment Market Characteristics
- Building And Road Construction Equipment Market Product Analysis
- Building And Road Construction Equipment Market Supply Chain
- Key Mergers And AcquisitionsIn The Building And Road Construction Equipment Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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