Asia Pacific Construction Equipment Market Forecast to 2028

Report Code : BMIRE00026159 | Region : Asia Pacific | Industry : Manufacturing and Construction | Published Date : 20/Sep/2022
Asia Pacific Construction Equipment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Equipment Type (Heavy Construction Vehicles, Earthmoving Equipment, Material Handling Equipment, and Others) and Application (Residential, Commercial, and Industrial)

The construction equipment market in Asia Pacific is expected to grow from US$45,566.78 million in 2022 to US$85,836.45 million by 2028. It is estimated to grow at a CAGR of 11.1% from 2022 to 2028.

Electrification is shaping the construction equipment industry, which presents substantial opportunities and design options. Electrification has risen in most market categories, including construction equipment for automobiles, buses, and other vehicles.

The maturation and affordability of modern technologies and the tightening of pollution restrictions offer feasibility to electrification, which has altered the future of the construction equipment business. Several cities across the region have issued prohibitions on the use of diesel within city borders, affecting construction equipment operations in certain areas. Strong pollution standards for heavy machinery and equipment use are being imposed in China. With the usage of electric construction equipment, these rules related to emission and noise pollution criteria can be easily fulfilled. The TA15 is the culmination of years of work on prior concept models. The machine is now a part of the TARA autonomous transportation solution consisting of several components, such as base vehicles (multiple TA15s), and required infrastructures, such as a charging station and control tower connected to cloud solutions tailored to customer operation requirements, maintenance, and repair support, and the set-up of the practical operation, which varies from site to site. The TA15 is designed to deliver material in repeating flows in off-road locations, such as quarries. The number of machines and charging stations required will largely be determined by the desired production/transport volumes and the haul cycle. The continuous advancements in electric variants of existing/new products provide lucrative opportunities for the construction equipment market growth during the forecasted period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific construction equipment market at a substantial CAGR during the forecast period.

Asia Pacific Construction Equipment Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Construction Equipment Market Segmentation

The Asia Pacific construction equipment market is segmented by equipment type, application, and country.

Based on equipment type, the market is segmented into heavy construction vehicles, earthmoving equipment, material-handling equipment, and others. In 2022, the material-handling equipment segment held a larger market share and is expected to register a higher CAGR during the forecast period.

Based on application, the market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.

Based on country, the regional market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2022, China held a larger market share. It is also expected to register a higher CAGR during the forecast period.

Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are among the leading companies in the Asia Pacific construction equipment market.

The List of Companies - Asia Pacific Construction Equipment Market

● Caterpillar Inc.

● CNH Industrial N.V.

● Komatsu Ltd.

● Liebherr

● Terex Corporation

● Zoomlion Heavy Industry Science&Technology Co., Ltd.

● J C Bamford Excavators Ltd. (JCB)

● Deere & Company

● AB Volvo

● Hitachi Construction Machinery Co., Ltd.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Asia Pacific Construction Equipment Market – By Equipment Type

1.3.2 Asia Pacific Construction Equipment Market – By Application

1.3.3 Asia Pacific Construction Equipment Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Construction Equipment Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific Construction Equipment Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Infrastructure Investments Post COVID-19 Pandemic

5.1.2 Raising Focus on Public–Private Partnerships (PPP)

5.2 Market Restraints

5.2.1 Diminishing Deal Value of Construction Equipment Projects

5.3 Market Opportunities

5.3.1 Widening Technological Innovations in Construction Equipment

5.4 Future Trends

5.4.1 Broadening Artificial Intelligence

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Construction Equipment Market Analysis

6.1 Asia Pacific Construction Equipment Market Overview

6.2 Asia Pacific Construction Equipment Market Forecast and Analysis

7. Asia Pacific Construction Equipment Market – By Type

7.1 Overview

7.2 Asia Pacific Construction Equipment Market, By Equipment Type (2021 and 2028)

7.3 Heavy Construction Vehicles

7.3.1 Overview

7.3.2 Heavy Construction Vehicles: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Earthmoving Equipment

7.4.1 Overview

7.4.2 Earthmoving Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Material-Handling Equipment

7.5.1 Overview

7.5.2 Material-Handling Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Construction Equipment Market – By Application

8.1 Overview

8.2 Asia Pacific Construction Equipment Market, By Application (2021 and 2028)

8.3 Commercial

8.3.1 Overview

8.3.2 Commercial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Residential

8.4.1 Overview

8.4.2 Residential: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Industrial

8.5.1 Overview

8.5.2 Industrial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Construction Equipment Market – Country Analysis

9.1 Overview

9.1.1 Asia Pacific: Construction Equipment Market, by Key Country

9.1.1.1 Australia: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Australia: Construction Equipment Market, By Equipment Type

9.1.1.1.2 Australia: Construction Equipment Market, By Application

9.1.1.2 China: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 China: Construction Equipment Market, By Equipment Type

9.1.1.2.2 China: Construction Equipment Market, By Application

9.1.1.3 India: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 India: Construction Equipment Market, By Equipment Type

9.1.1.3.2 India: Construction Equipment Market, By Application

9.1.1.4 Japan: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Japan: Construction Equipment Market, By Equipment Type

9.1.1.4.2 Japan: Construction Equipment Market, By Application

9.1.1.5 South Korea: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 South Korea: Construction Equipment Market, By Equipment Type

9.1.1.5.2 South Korea: Construction Equipment Market, By Application

9.1.1.6 Rest of APAC: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1 Rest of APAC: Construction Equipment Market, By Equipment Type

9.1.1.6.2 Rest of APAC: Construction Equipment Market, By Application

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 Merger and Acquisition

10.4 New Development

11. Company Profiles

11.1 Caterpillar Inc.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 CNH Industrial N.V.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Komatsu Ltd.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Liebherr

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Terex Corporation

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Zoomlion Heavy Industry Science&Technology Co., Ltd.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 J C Bamford Excavators Ltd. (JCB)

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Deere & Company

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 AB Volvo

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Hitachi Construction Machinery Co., Ltd

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary

LIST OF TABLES.

Table 1.             Asia Pacific Construction Equipment Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2.             APAC: Construction Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Japan: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of APAC: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Glossary of Terms, Construction Equipment Market

The List of Companies - Asia Pacific Construction Equipment Market

● Caterpillar Inc.

● CNH Industrial N.V.

● Komatsu Ltd.

● Liebherr

● Terex Corporation

● Zoomlion Heavy Industry Science&Technology Co., Ltd.

● J C Bamford Excavators Ltd. (JCB)

● Deere & Company

● AB Volvo

● Hitachi Construction Machinery Co., Ltd.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the construction equipment 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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