Heavy Equipment Market

Heavy equipment refers to heavy-duty vehicles, specially designed for executing construction tasks, most frequently ones involving earthwork operations. They usually comprise five equipment systems: implement, traction, structure, power train, control and information. Heavy equipment functions through the mechanical advantage of a simple machine, the ratio between input force applied and force exerted is multiplied. Some equipment uses hydraulic drives as a primary source of motion.

Heavy Equipment Market contains market size and forecasts of Heavy Equipment in global, including the following market information:

Global Heavy Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Heavy Equipment Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Heavy Equipment companies in 2021 (%)

The global Heavy Equipment market was valued at 529960 million in 2021 and is projected to reach US$ 654550 million by 2028, at a CAGR of 3.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Excavators Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Heavy Equipment include Caterpillar, John Deere, KOMATSU, CNH Industrial, Kubota, Hitachi, Volvo, Liebherr and Daimler, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Heavy Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Heavy Equipment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heavy Equipment Market Segment Percentages, by Type, 2021 (%)

Excavators

Wheel Loaders

Bulldozers

Dump Truck

Others

Global Heavy Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heavy Equipment Market Segment Percentages, by Application, 2021 (%)

Construction

Mining

Agriculture

Global Heavy Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Heavy Equipment Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Heavy Equipment revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Heavy Equipment revenues share in global market, 2021 (%)

Key companies Heavy Equipment sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Heavy Equipment sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Caterpillar

John Deere

KOMATSU

CNH Industrial

Kubota

Hitachi

Volvo

Liebherr

Daimler

Doosan

SANY Group

JCB

Terex

Zoomlion

Liugong

Weichai

Sinotruk