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Press Release:

Global Construction Equipment Market to Grow at 5.45% During 2022-2027, Impelled by Rapid Growth in Construction Industry

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global construction equipment market reached a value of US$ 172.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 239.3 Billion by 2027, exhibiting a CAGR of 5.45% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Also known as heavy equipment, construction equipment is designed for executing construction tasks. It is used for dozing, grading, hauling, compacting and leveling, placing materials, transferring heavy loads, and excavating and digging the ground. It comprises ditchers, bulldozers, pumps, graders, tractors, excavators, trenchers, cranes, derricks, loaders, and backhoes. It also includes pavers, scrapers, generators, pile drivers, concrete mixers, off-highway haulers and trucks, and compactors and rollers. At present, due to rising environmental concerns and the increasing need for promoting energy conservation, several players are focusing on improving the fuel consumption of construction equipment.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Construction Equipment Market Trends:

Significant growth in the construction of housing projects and commercial infrastructure on account of rapid urbanization and the increasing global population represents one of the key factors influencing the market growth. Moreover, rising automation in construction processes due to scarcity of skilled labor and increasing emphasis on minimizing the overall cost and time for project completion is contributing to market growth. Increasing investments for developing new and improving existing public infrastructure is also driving the market growth. However, the coronavirus disease (COVID-19) outbreak severely impacted the construction industry. This can be accredited to the imposition of lockdown restrictions in numerous countries and the increasing adoption of social distancing practices to prevent the pandemic from spreading. With the gradual removal of these restrictions, construction projects have resumed across the globe, which is anticipated to stimulate the market growth. Additionally, several manufacturers are developing eco-friendly equipment to meet stringent guidelines on noise emissions. They are also integrating telematics and safety technologies like lift assist and touchscreen infotainment systems to deliver enhanced operational capabilities, which is projected to create a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global construction equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution type, equipment type, type, application and industry.

Breakup by Solution Type:

 

 
 

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  • Products
  • Services
     

Breakup by Equipment Type:

  • Heavy Construction Equipment
  • Compact Construction Equipment
     

Breakup by Type:

  • Loader
  • Cranes
  • Forklift
  • Excavator
  • Dozers
  • Others
     

Breakup by Application:

  • Excavation and Mining
  • Lifting and Material Handling
  • Earth Moving
  • Transportation
  • Others
     

Breakup by Industry:

  • Oil and Gas
  • Construction and Infrastructure
  • Manufacturing
  • Mining
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Solution Type, Equipment Type, Type, Application, Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Construction Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Solution Type
    6.1    Products
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Equipment Type
    7.1    Heavy Construction Equipment
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Compact Construction Equipment
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Type
    8.1    Loader
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cranes
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Forklift
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Excavator
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Dozers
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Application
    9.1    Excavation and Mining
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Lifting and Material Handling
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Earth Moving
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Transportation
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by Industry
    10.1    Oil and Gas
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Construction and Infrastructure
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Manufacturing
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Mining
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Others
        10.5.1 Market Trends
        10.5.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    AB Volvo
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Caterpillar Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    CNH Industrial N.V.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Deere & Company
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Doosan Infracore
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Hitachi Construction Machinery
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Komatsu Ltd.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Liebherr-International AG
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 SWOT Analysis

List of Figures

Figure 1: Global: Construction Equipment Market: Major Drivers and Challenges
Figure 2: Global: Construction Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Construction Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Construction Equipment Market: Breakup by Solution Type (in %), 2021
Figure 5: Global: Construction Equipment Market: Breakup by Equipment Type (in %), 2021
Figure 6: Global: Construction Equipment Market: Breakup by Type (in %), 2021
Figure 7: Global: Construction Equipment Market: Breakup by Application (in %), 2021
Figure 8: Global: Construction Equipment Market: Breakup by Industry (in %), 2021
Figure 9: Global: Construction Equipment Market: Breakup by Region (in %), 2021
Figure 10: Global: Construction Equipment (Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Construction Equipment (Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Construction Equipment (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Construction Equipment (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Construction Equipment (Heavy Construction Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Construction Equipment (Heavy Construction Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Construction Equipment (Compact Construction Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Construction Equipment (Compact Construction Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Construction Equipment (Loader) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Construction Equipment (Loader) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Construction Equipment (Cranes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Construction Equipment (Cranes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Construction Equipment (Forklift) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Construction Equipment (Forklift) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Construction Equipment (Excavator) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Construction Equipment (Excavator) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Construction Equipment (Dozers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Construction Equipment (Dozers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Construction Equipment (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Construction Equipment (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Construction Equipment (Excavation and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Construction Equipment (Excavation and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Construction Equipment (Lifting and Material Handling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Construction Equipment (Lifting and Material Handling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Construction Equipment (Earth Moving) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Construction Equipment (Earth Moving) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Construction Equipment (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Construction Equipment (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Construction Equipment (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Construction Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Construction Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Construction Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Construction Equipment (Construction and Infrastructure) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Construction Equipment (Construction and Infrastructure) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Construction Equipment (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Construction Equipment (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Construction Equipment (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Construction Equipment (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Construction Equipment (Other Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Construction Equipment (Other Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United States: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United States: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Canada: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Canada: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Asia-Pacific: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Asia-Pacific: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: China: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: China: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Japan: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Japan: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: India: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: India: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: South Korea: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: South Korea: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Australia: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Australia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Indonesia: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Indonesia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Europe: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Europe: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Germany: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Germany: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: France: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: France: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: United Kingdom: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: United Kingdom: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Italy: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Italy: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Spain: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Spain: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Russia: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Russia: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Latin America: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Latin America: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Brazil: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Brazil: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Mexico: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Mexico: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Others: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Others: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Middle East and Africa: Construction Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Middle East and Africa: Construction Equipment Market: Breakup by Country (in %), 2021
Figure 98: Middle East and Africa: Construction Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 99: Global: Construction Equipment Industry: SWOT Analysis
Figure 100: Global: Construction Equipment Industry: Value Chain Analysis
Figure 101: Global: Construction Equipment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Construction Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Construction Equipment Market Forecast: Breakup by Solution Type (in Million US$), 2022-2027
Table 3: Global: Construction Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2022-2027
Table 4: Global: Construction Equipment Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 5: Global: Construction Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Construction Equipment Market Forecast: Breakup by Industry (in Million US$), 2022-2027
Table 7: Global: Construction Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Construction Equipment Market: Competitive Structure
Table 9: Global: Construction Equipment Market: Key Players


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Key Questions Answered in This Report

The global construction equipment market was valued at US$ 172.8 Billion in 2021.

We expect the global construction equipment market to exhibit a CAGR of 5.45% during 2022-2027.

The increasing improvement in fuel consumption of construction equipment owing to the rising
environmental concerns and growing focus on energy conservation, is primarily driving the global
construction equipment market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary halt in numerous construction activities,
thereby limiting the demand for various construction equipment.

Based on the solution type, the global construction equipment market can be segmented into products
and services. Currently, products hold the majority of the total market share.

Based on the equipment type, the global construction equipment market has been divided into heavy
construction equipment and compact construction equipment, where heavy construction equipment
currently exhibits a clear dominance in the market.

Based on the type, the global construction equipment market can be categorized into loader, cranes,
forklift, excavator, dozers, and others. Among these, loader accounts for the majority of the global
market share.

Based on the application, the global construction equipment market has been segregated into
excavation and mining, lifting and material handling, earth moving, transportation, and others.
Currently, earth moving holds the largest market share.

Based on the industry, the global construction equipment market can be bifurcated into oil and gas,
construction and infrastructure, manufacturing, mining, and others. Among these, the construction and
infrastructure industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global construction equipment market include AB Volvo, Caterpillar
Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu
Ltd., and Liebherr-International AG.

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