The global construction machinery manufacturing industry is forecast to grow more than 6% per year through 2023, according to Technavio. The global market for dredgers and dredge equipment should grow from $4.4 billion in 2019 to reach $5.7 billion by 2024 at a compound annual growth rate (CAGR) of 5.3% for the period of 2019-2024. • Asia Pacific construction equipment manufacturing market is expected to grow from $92 billion in 2016 to $122.9 billion in 2020 at a CAGR of 7.5% for the period 2016-2020. Complete the form below and we'll send you a private, secure link to download the Report Sample as a PDF. Demand for industry products depends on levels of private construction spending and government funding for infrastructure projects. The demand for machines that are cost-effective, along with regulatory pressures for lower emissions, is pressurizing construction-equipment manufacturers to opt for electric and hybrid vehicles over the traditional hydraulic and mechanical ones. Toronto is leading this market with 70 of their cranes dedicated to high-rise cooperative projects. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at, Construction Machinery Manufacturing: Global Markets to 2020, Dredging Equipment: Global Markets and Technologies, Highway, Street and Bridge Construction: Global Markets to 2022, Residential Building Construction Industry: Global Markets to 2022, Full Report: Construction Machinery Manufacturing: Global Markets to 2020, Chapter- 3: Construction Equipment Manufacturing Market Characteristics, Chapter- 4: Construction Equipment Manufacturing Market Size and Growth, Chapter- 5: Construction Equipment Manufacturing Trends and Strategies, Chapter- 7: Construction Equipment Manufacturing Market Segmentation, Chapter- 8: Construction Equipment Manufacturing Market Regional And Country Analysis, Chapter- 9: Global Construction Equipment Manufacturing Market Comparison with Macro Economic Factors, Chapter- 10: Asia-Pacific Construction Equipment Manufacturing Market, Chapter- 11: China Construction Equipment Manufacturing Market, Chapter- 12: Western Europe Construction Equipment Manufacturing Market, Chapter- 13: Western Europe Construction Equipment Manufacturing Market: Country Analysis, Chapter- 14: Eastern Europe Construction Equipment Manufacturing Market, Chapter- 15: Eastern Europe Construction Equipment Manufacturing Market: Country Analysis, Chapter- 16: North America Construction Equipment Manufacturing Market, Chapter- 17: North America Construction Equipment Manufacturing Market: Country Analysis, Chapter- 18: South America Construction Equipment Manufacturing Market, Chapter- 19: South America Construction Equipment Manufacturing Market: Country Analysis, Chapter- 20: Middle East Construction Equipment Manufacturing Market, Chapter- 21: Africa Construction Equipment Manufacturing Market, Chapter- 22: Construction Equipment Manufacturing Market Competitive Landscape, Chapter- 23: Key Mergers and Acquisitions in the Construction Equipment Manufacturing Market, Chapter- 24: The Construction Equipment Manufacturing Market Customer Information. Approximately 40% of the total crane count in North America is working for the residential market. The increasing focus on infrastructure and development of automation in the construction and manufacturing processes had a significant impact on the market growth. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Privacy Policy. The renting or leasing of construction equipment has been on the rise, owing to the equipment cost and also the cost of the maintenance process. Asia-Pacific ranks first in the construction equipment market with major market share held by China, India, and Japan. An overview of the global market for construction machinery manufacturing. Commercial & Industrial Equipment Rental & Leasing, Highway, Street & Bridge Construction Contractors. Some of the major companies that dominated the market studied are Caterpillar Inc., Kobelco Construction Machinery Co., Ltd, CNH Industrial NV, Deere & Company, Komatsu Ltd, JCB India Limited, Volvo Group, Doosan Infracore, and XCMG, captured about 40% of the market share in 2019. The industry has been challenged by the appreciating US dollar and exchange-rate dynamics in recent years. Discussion of key mergers and acquisitions in the market. Profiles of major companies in the industry, including: Caterpillar, Komatsu Ltd., Liebherr Group, Volvo Group, Hitachi Construction Machinery Co., Ltd. Company profiles of major players in the industry, including: Caterpillar, Komatsu Ltd., Liebherr Group, Volvo Group, Hitachi Construction Machinery Co., Ltd., John Deere, Table Summary : Global Construction Equipment Manufacturing Forecast Market, Through 2020, Figure Summary : Global Construction Equipment Manufacturing Forecast Market, 2016-2020, Companies Investing in Training Technicians and Operators in Underdeveloped Countries, Dual Brand Strategy for Different Target Customers, Figure 3 : PESTLE Analysis of Global Construction Equipment Manufacturing Market, 2016, Global Construction Equipment Manufacturing Market, 2016, by Segment, Global Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, Global Construction Equipment Manufacturing Market, 2016, by Region, Global Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Region, Global Cosntruction Equipment Manufacturing Market, 2016, by Country, Global Cosntruction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Country, Construction Equipment Manufacturing Market Size, Percentage of GDP, Global, Construction Equipment Manufacturing Market Size, Percentage of GDP, by Country, Per Capita Average Construction Equipment Manufacturing Expenditure, Global, Per Capita Average Construction Equipment Manufacturing Expenditure, by Country, Asia-Pacific Construction Equipment Manufacturing Market Overview, Asia-Pacific Construction Equipment Manufacturing Historic Market, 2012-2016, Asia-Pacific Construction Equipment Manufacturing Forecast Market, 2016-2020, Asia-Pacific Construction Equipment Manufacturing Market, 2016, by Segment, Asia-Pacific Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, China Construction Equipment Manufacturing Market Overview, China Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, India Construction Equipment Manufacturing Market, Japan Construction Equipment Manufacturing Market, Australia Construction Equipment Manufacturing Market, Western Europe Construction Equipment Manufacturing Market Overview, Western Europe Construction Equipment Manufacturing Historic Market, 2012-2016, Western Europe Construction Equipment Manufacturing Forecast Market, 2016-2020, Western Europe Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, UK Construction Equipment Manufacturing Market, Germany Construction Equipment Manufacturing Market, France Construction Equipment Manufacturing Market, Italy Construction Equipment Manufacturing Market, Spain Construction Equipment Manufacturing Market, Eastern Europe Construction Equipment Manufacturing Market Overview, Eastern Europe Construction Equipment Manufacturing Historic Market, 2012-2016, Eastern Europe Construction Equipment Manufacturing Forecast Market, 2016-2020, Eastern Europe Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, Russia Construction Equipment Manufacturing Market, North America Construction Equipment Manufacturing Market Overview, North America Construction Equipment Manufacturing Historic Market, 2012-2016, North America Construction Equipment Manufacturing Forecast Market, 2016-2020, North America Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, USA Construction Equipment Manufacturing Market, South America Construction Equipment Manufacturing Market Overview, South America Construction Equipment Manufacturing Historic Market, 2012-2016, South America Construction Equipment Manufacturing Forecast Market, 2016-2020, South America Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, Brazil Construction Equipment Manufacturing Market, Middle East Construction Equipment Manufacturing Market Overview, Middle East Construction Equipment Manufacturing Historic Market, 2012-2016, Middle East Construction Equipment Manufacturing Forecast Market, 2016-2020, Middle East Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, Africa Construction Equipment Manufacturing Market Overview, Africa Construction Equipment Manufacturing Historic Market, 2012-2016, Africa Construction Equipment Manufacturing Forecast Market, 2016-2020, Africa Construction Equipment Manufacturing Market, 2012-2020, Historic and Forecast, by Segment, Figure 90 : Key Competitors Market Share of Global Construction Equipment Manufacturing, 2016, Table 89 : Key Competitors Market Share of Global Construction Equipment Manufacturing, 2016, Yanmar Co., Ltd. Acquired Terex’s Compact Construction Equipment Business, Kobelco Construction Machinery Merged with Kobelco Cranes North America, Polyhose Group Acquired Ashok Leyland-John Deere JV Facility, Kato Works Co. Limited Acquired IHI Construction Machinery Limited, Rise in Construction Activity Leading to Product Innovation and Development, Growing Competition from Smaller Companies, Labor Shortage is Supporting the Need for Technology, NAICS Definitions of Industry Covered in this Report, Thousands of recently published reports from select publishers, Member Discounts of up to 50% on over 20,000 additional reports from all publishers, Our analysts and research concierge for all inquiries.