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US Heavy Construction Equipment Market Forecast to 2027 - COVID-19 Impact and Country Analysis by Type (Road Rollers, Excavators, Graders, Dump Trucks, Loaders, and Forklifts), Application (Mining, Excavation, Earthmoving, Lifting, Material Handling, and Transportation), and Industry (Construction, Oil & Gas, Mining, Manufacturing, and Others

Code: TIPRE00018858 | Pages: 139 | Industry: Automotive and Transportation | Date: Jan 2021
Covid

Market Introduction

Heavy construction machinery are highly versatile machines predominantly used in various applications such as highway/road construction, power generation, quarry & excavation, residential and nonresidential buildings construction, special underground engineering projects, material handling, and irrigation. Skidders, excavators, wheel loaders, off-highway trucks, dozers, compactors, forwarders, backhoe loaders, motor graders, and many other machines help in saving time and human efforts while transporting and lifting heavy loads, compacting the road surface, and other functions. Growing infrastructural projects, such as construction of highways and residential buildings, and increasing agricultural and mining activities are driving to the growth of the US heavy construction equipment market. In addition, electric-powered equipment are getting adopted among the end user to ensure zero-emission in the environment to comply with government rules and regulations for reducing carbon emission levels. Moreover, rising scope of developing and using autonomous construction equipment is forecasted to influence the demand for heavy construction equipment in the US during the forecast period.

Market Overview and Dynamics              

The US heavy construction equipment market was valued at US$ 38,382.5 million in 2019 and is projected to reach US$ 52,477.6 million by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027.

Infrastructure-driven growth in the US has resulted in high economic growth. Also, there is increase in mining activities in the country owing to growing demand for iron ore, coal, manganese, cobalt, copper, and other commodities. The exploration activities for necessary minerals and metals are vital for the overall growth of the mining industry. The US claims to have more than 3,915,000 mines on public land, which are managed by the Bureau of Land Management. In addition, California, Arizona, Utah, Nevada, Colorado, and Montana are a few of the prominent states having large number of total and active mines. With the established business of mining in the US, the rate of extracting ores and minerals from mines is increasing. This, in turn, requires more and advanced heavy construction equipment in the mining business for greater productivity while ensuring low risk of fatalities. Moreover, modern mining workforces are using automation and digitalization in their mining process, which is creating lucrative growth opportunities for the heavy construction equipment market in the US. For instance, JC Bamford Excavators received a contract of worth US $269 million from the US Department of Defense (DoD) to supply upto 400 High Mobility Engineer Excavators (HMEEs) over the next eight years. In 2019, Doosan Corporation opened a new 57,000 sq. ft. distribution center near Seattle, US.

Key Market Segments

The US heavy construction equipment market is segmented on the basis of type, application, and industry. Based on type, the market is segmented into road rollers, excavators, graders, dump trucks, loaders, and forklifts. The market for dump trucks segment is expected to grow at the highest rate during the forecast period. Based on application, the market is segmented into mining, excavation, earthmoving, lifting, material handling, and transportation. In 2019, mining segment held the largest market share. The market, based on industry, is segmented into construction, oil & gas, mining, manufacturing, and others. The market for construction segment is expected to grow at the highest rate during 2020–2027.

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the US heavy construction equipment market are company websites, annual reports, financial reports, national government documents, and statistical database. JC Bamford Excavators Ltd, AB Volvo, Caterpillar, Hitachi Ltd., Hyundai Construction Equipment Co. Ltd, Doosan Corporation, CNH Industrial N.V., Deere & Company, Komatsu Ltd., and Liebherr are among the key players that were profiled during this market study. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the US heavy construction equipment market and its ecosystem.

 


 

US Heavy Construction Equipment Market – by Type

  • Road Rollers
  • Excavators
  • Graders
  • Dump Trucks
  • Loaders
  • Forklifts

US Heavy Construction Equipment Market – by Application

  • Mining
  • Excavation
  • Earthmoving
  • Lifting
  • Material Handling
  •  Transportation

US Heavy Construction Equipment Market – by Industry

  • Construction
  • Oil & Gas
  • Mining
  • Manufacturing
  • Others

US Heavy Construction Equipment Market – Companies Profiles

  • JC Bamford Excavators Ltd
  • AB Volvo
  • Caterpillar
  • Hitachi Ltd.
  • Hyundai Construction Equipment Co. Ltd
  • Doosan Corporation
  • CNH Industrial N.V.
  • Deere & Company
  • Komatsu Ltd.
  • Liebherr

 

 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Heavy Construction Equipment Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        US – PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Heavy Construction Equipment Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Mining and Construction Activities

5.1.2        Increasing Use of Excavators for Construction

5.2         Market Restraints

5.2.1        High Procurement Cost of Machinery

5.3         Market Opportunities

5.3.1        Rising Construction of Green Buildings

5.4         Future Trends

5.4.1        Technological Developments

5.5         Impact Analysis of Drivers and Restraints

6.           Heavy Construction Equipment Market – US Analysis

6.1         Heavy Construction Equipment Market US Overview

6.2         Heavy Construction Equipment Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – US Key Players

7.           Heavy Construction Equipment Market Analysis –  By Type

7.1         Overview

7.2         Heavy Construction Equipment Market Breakdown, by Type, 2019 & 2027

7.3         Road Rollers

7.3.1        Overview

7.3.2        Road Rollers Market Revenue and Forecast to 2027 (US$ Million)

7.4         Excavators

7.4.1        Overview

7.4.2        Excavators Market Revenue and Forecast to 2027 (US$ Million)

7.5         Graders

7.5.1        Overview

7.5.2        Excavators Graders Market Revenue and Forecast to 2027 (US$ Million)

7.6         Dump Trucks

7.6.1        Overview

7.6.2        Dump Trucks Market Revenue and Forecast to 2027 (US$ Million)

7.7         Loaders

7.7.1        Overview

7.7.2        Loaders Market Revenue and Forecast to 2027 (US$ Million)

7.8         Forklifts

7.8.1        Overview

7.8.2        Forklifts Market Revenue and Forecast to 2027 (US$ Million)

8.           Heavy Construction Equipment Market Analysis– By Application

8.1         Overview

8.2         Heavy Construction Equipment Market Breakdown, by Application, 2019 & 2027

8.1         Mining

8.1.1        Overview

8.1.2        Mining Market Revenue and Forecast to 2027 (US$ Million)

8.2         Excavation

8.2.1        Overview

8.2.2        Excavation Market Revenue and Forecast to 2027 (US$ Million)

8.3         Earthmoving

8.3.1        Overview

8.3.2        Earthmoving Market Revenue and Forecast to 2027 (US$ Million)

8.4         Lifting

8.4.1        Overview

8.4.2        Lifting Market Revenue and Forecast to 2027 (US$ Million)

8.5         Material Handling

8.5.1        Overview

8.5.2        Material Handling Market Revenue and Forecast to 2027 (US$ Million)

8.6         Transportation

8.6.1        Overview

8.6.2        Transportation Market Revenue and Forecast to 2027 (US$ Million)

9.           Heavy Construction Equipment Market Analysis –  By Industry

9.1         Overview

9.2         Heavy Construction Equipment Market Breakdown, by Industry, 2019 & 2027

9.3         Mining

9.3.1        Overview

9.3.2        Mining Market Revenue and Forecast to 2027 (US$ Million)

9.4         Construction

9.4.1        Overview

9.4.2        Construction Market Revenue and Forecast to 2027 (US$ Million)

9.5         Oil & Gas

9.5.1        Overview

9.5.2        Oil & Gas Market Revenue and Forecast to 2027 (US$ Million)

9.6         Manufacturing

9.6.1        Overview

9.6.2        Manufacturing Market Revenue and Forecast to 2027 (US$ Million)

9.7         Others

9.7.1        Overview

9.7.2        Others Market Revenue and Forecast to 2027 (US$ Million)

10.        Impact of COVID-19 Pandemic on US Heavy Construction Equipment Market

10.1      US: Impact assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      JC Bamford Excavators Ltd

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      AB Volvo

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Caterpillar Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Hitachi, Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Hyundai Construction Equipment Co Ltd

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Doosan Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      CNH Industrial N.V.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Deere & Company

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Komatsu Ltd.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Liebherr

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

LIST OF TABLES

Table 1.             Heavy Construction Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Glossary of Term: Heavy Construction Equipment Market

LIST OF FIGURES

Figure 1.           Heavy Construction Equipment Market Segmentation

Figure 2.           The US Heavy Construction Equipment Market Overview

Figure 3.           Excavators Segment to Show Remarkable Traction During Forecast Period

Figure 4.           Mining Segment to Dominated the Market

Figure 5.           Construction Segment to Dominated the Market

Figure 6.           US – PEST Analysis

Figure 7.           Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           Heavy Construction Equipment Market Impact Analysis of Drivers and Restraints

Figure 10.        Heavy Construction Equipment Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Heavy Construction Equipment Market Breakdown, by Type (2019 and 2027)

Figure 12.        Road Rollers Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Excavators Market Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Graders Market Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Dump Trucks Market Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Loaders Market Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Forklifts Market Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Heavy Construction Equipment Market Breakdown, by Application (2019 and 2027)

Figure 19.        Mining Market Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Excavation Market Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Earthmoving Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Lifting Market Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Material Handling Market Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Transportation Market Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Heavy Construction Equipment Market Breakdown, by Industry (2019 and 2027)

Figure 26.        Mining Market Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Construction Market Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Oil and Gas Market Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Manufacturing Market Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Others Market Revenue and Forecast to 2027 (US$ Million)

 

 

  1. JC Bamford Excavators Ltd
  2. AB Volvo
  3. Caterpillar
  4. Hitachi Ltd.
  5. Hyundai Construction Equipment Co. Ltd
  6. Doosan Corporation
  7. CNH Industrial N.V.
  8. Deere & Company
  9. Komatsu Ltd.
  10. Liebherr
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US Heavy Construction Equipment Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the US Heavy Construction Equipment Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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