Top Construction Equipment Manufacturers in World and Market Insight

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Loaders, excavators, and compactors dominate the construction equipment sector with backhoe loaders singularly contributing the largest chunk. Generally, construction equipment are divided in to: Earthmoving equipment; Material handling equipment; Road machinery Where earthmoving equipment holds approximately 40-45% of construction machines sales and more than 60% of the market revenue. Top 10 Construction Equipment Manufacturers Caterpillar Inc. Komatsu Ltd. John Deere XCMG Group Sany Heavy Industry Co. Ltd. Volvo CE Hitachi Ltd. Liebherr Group Doosan Group Zoomlion Heavy Industry Science and Technology Co., Ltd. Construction Equipment Market Scenario The global Construction Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2.2% in the forecast period of 2020 to 2025 and will expect to reach USD 126.7 billion by 2025, from USD 116.18 billion in 2019. The above forecast is going to change in the current scenario as COVID has already impacted the major markets. For example in India, the government has increased capital outlay for roads, railways, and metro projects in the recent Union Budget, continued slowdown in project awards, payment delays to contractors, change in the awarding model for road projects and the overall uncertainty in the economy has led to a sharp decline in expenditure on roads during YTD FY2020. Prior to the outbreak of the coronavirus (COVID-19), it had been predicted that there would be an acceleration in the pace of growth in the global construction industry, to 3.1% from 2.6% in 2019. However, given the severe disruption in China and other leading economies worldwide following the outbreak, the forecast for growth in 2020 has now been revised down to 0.5%. Though, there are markets like Germany, CEE countries, and China showing signs of recovery but strong pessimism persists when it comes to the Southern European, Indian, North American, and Latin American markets. Composition of the Construction Industry Construction equipment distributor Construction equipment rental company Construction equipment manufacturer Industry service supplier Construction contractor or aggregates producer Get insights on construction equipment market, that has been segmented into Excavator, Loaders, Motor Graders, Dump Truck, Bulldozers, etc. ORDER THIS REPORT Performance of Leading Players in the Construction Equipment Industry 1. Caterpillar Inc. Caterpillar (Cat®) construction equipment are known for delivering reliable performance in trying conditions. The next-generation Cat 323D3 and 320D3 excavators, Cat 120 motor grader, 424B2 & 426F2 backhoe loaders are few of their latest machines. In April 2020, Caterpillar Inc.