Asia Pacific Construction Equipment Market Research Report, 2027

Asia Pacific Construction Equipment Market has recorded more than USD 53-billion market size in 2021, which is anticipated to expand with more than 7% CAGR for 2022-2027.

Featured Companies

  • 1. Caterpillar Private Limited
  • 2. CNH Industrial
  • 3. Doosan Infracore
  • 4. Epiroc
  • 5. Hitachi Construction Machinery Co. Ltd
  • 6. J C Bamford Excavators Ltd
  • More...

Developing Asia's economies are forecast to grow 5.2% by 2022 and 5.3% by 2023, owing to a robust recovery in domestic demand and continued expansion in exports. Many countries in Asia face the important challenges of an ageing population and declining productivity growth with a need for structural reforms. As the global economy is becoming increasingly digitalized and more transformations are occurring with recent advancements, it brings in more challenges related to the future of work. Asia is seen embracing the digital revolution, though, with a significant dissimilarity across the region. With the advancement in technology and the shift in the concentration of governments towards the improvement of the infrastructure, the market for construction equipment is set to bloom in the Asia-Pacific market. According to the 'Asia Pacific Construction Equipment Market Research Report, 2027' published by Actual Market Research, the Asia-Pacific construction equipment market has recorded a tremendous growth rate by occupying more than USD 53-billion market size in 2021, which is anticipated to expand with more than 7% CAGR for 2022-2027. The construction segment, which includes residential and commercial buildings, and the infrastructure segment, drives the Asia-Pacific heavy vehicle market mainly. The infrastructure in the region is experiencing government and private investments as a part of the national development and urbanization strategies. Aside from that, the efforts of enhancement projects for development in Asia Pacific's rural regions are the primary drivers of the market. Moreover, the economic stability and increasing income of several countries, including Nepal, Sri Lanka, and Bangladesh, in recent years have supported the development of roads, irrigation systems, airports, and hydropower plants, further adding to the demand for machinery.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Considering the individual countries, Japan dominates the Asia-Pacific market for construction equipment, which is to lose its dominance to China during the forecast period. The construction equipment market in India has shown considerable growth over the years, with the highest growth rate in individual country terms. Apart from the major countries, the contributions of the other smaller countries in the region are immense. This segment has grown over the years, owing to the constant development in those countries, and has contributed nearly more than 30% of the total market share of the Asia-Pacific construction equipment market. Increasing adoption of earthmoving machinery, such as excavators and loaders, in traditional building applications owing to advantages over manual labor is fueling the APAC construction equipment market. These machines provide several benefits, such as quality improvement, increased project efficiency, and cost savings. By utilizing modern machinery, end-users are experiencing an increase in profitability as they provide high productivity over labor, thereby increasing demand in the Asia-Pacific construction equipment market. Moreover, building sites with several high-risk operations are implementing these machineries to strengthen the safety parameters and reduce the time required in conventional operations. Contractors using the machinery have better safety and accident track records, which improve profitability as the companies eliminate labor accident compensation, further attributed to the rise in industry size. Material handling machinery usage in Asia will grow due to the rise in industrialization with industries demanding technologically advanced material handling solutions. Additionally, various government plans and investments to enhance the energy and utility sectors for increased foreign trade income are driving the construction equipment market demand in Asia Pacific. For instance, the adoption of the "Hub of the Indian Ocean" plan in Sri Lanka is driving the shipping and logistics sector. The adoption of the Vision 2025 plan in Sri Lanka, which includes the expansion of port infrastructure, the development of trade facilities, and improving the business environment, is increasing sales.

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Kripa Shah

Kripa Shah

Senior Analyst

Asia-Pacific countries exhibit the fastest economic growth rates in the entire world. The Asia-Pacific region is expected to be a major market, propelling the global construction industry, with augmented construction activities in countries such as China, India, and ASEAN countries. Ongoing mega projects in China need a lot of machinery and materials to be displaced from one part of the country to the other. Many projects will use a large amount of construction equipment, including the Tianhuangping hydroelectric project, the South North water transfer project, the Belt and Road Initiative, and the Beijing airport. In 2019, China recorded an average monthly growth of 5.3% in fixed asset infrastructure development. China also recorded a 25% increase in excavator sales in 2019, indicating growth in construction activities. In 2018, the market value of the construction industry in China was valued at nearly USD 900 billion, which is expected to grow more than 1.1 trillion by 2021. The construction equipment market is witnessing rapid growth in the Asia-Pacific region, specifically in countries such as China, India, and Japan, due to favorable government investments in infrastructure projects and economic growth. A rise in crude oil prices has a negative impact on the Asia-Pacific construction equipment industry because it increases the cost of the construction project. There has been a significant demand for infrastructure in hospitals and other medical facility centers like laboratories, shipping, logistics, and others like healthcare centers, clinics, and others due to the pandemic's outbreak. In addition, some of the market countries are moderately functioning after the arrival of the pandemic. Hence, this is likely to create a demand for the Asia-Pacific construction equipment market's products and equipment. In addition, there has been rapid infrastructural development coupled with the availability of business capital investments in emerging economies, including China and India in the APAC region, which has propelled the demand for Asia-Pacific construction equipment. Recent Developments

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Kripa Shah

• In October 2018, Hitachi Construction Machinery launched its ICT-operated semi-autonomous ZX210X-6 excavator that can complete the task nearly 50% quicker than other standard excavators. • In 2019, Volvo Construction Equipment announced that it would start producing compact electric excavators and wheel loaders in an official statement. From mid-2020, EC 15 to EC 27 electric excavators and L20 to L28 electric wheel loaders will be produced. COVID-19 Impacts: The Asia-Pacific construction equipment market has been deeply impacted and has witnessed a negative impact on product demand in recent months owing to the lockdowns imposed in the majority of the countries due to the outbreak of the novel COVID-19 in December 2019, followed by the rising cases on an international scale in 2020. Several market countries, including prominent ones, have experienced curfew-like situations in which businesses, except for essential services with a small workforce, were not allowed to operate. In addition, most of the construction projects were temporarily shut down by the restrictions imposed in recent months to prevent the spread of COVID-19. The factors mentioned above have significantly impacted the demand for Asia-Pacific construction equipment in the last few months. As a result, the Asia-Pacific Construction Equipment Market producers and manufacturers and the overall construction industry are expected to face several challenges as most of the construction projects are likely to be left incomplete, at a halt, or be delayed because of the supply chain disruptions, cash flow constraints, unavailability of the workforce, and production shutdowns introduced by the pandemic. However, a change in consumer behavior and increasing demand for industrialization are expected to propel higher market growth. Major Companies Present In the Market Caterpillar Private Limited, CNH Industrial, Doosan Infracore, Epiroc Construction Machinery Co. Ltd, Hitachi Construction Machinery Co. Ltd, J C Bamford Excavators Ltd, John Deere Ltd, Kobe Steel Ltd, Komatsu Ltd., Kubota Corporation, Liebherr Group, Metso Corporation, Sandvik Mining And Rock Technology, Sany Group, Terex Corporation, Volvo Construction Equipments, XCMG Ltd., Zoomlion Co. Ltd Considered In the Report • Geography: Asia-Pacific • Base year: 2021 • Historical year: 2016 • Estimated year: 2022 • Forecasted year: 2027 Countries covered: • Japan • India • China • Australia Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2021-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Equipments (2016, 2021 & 2027F) • Market Share by Country (2016, 2021 & 2027F) • Market Share by Company (2021) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery By Earth Moving Machinery • Excavators • Loaders • Dozers • Motor Graders By Material Handling Machinery • Dumper /Dump Truck/ Tippers • Cranes (Tower Crane, Mobile Crane) • Telescopic Handlers • Forklift By Concrete and Road Construction Machinery • Cement/Transit mixers • Compactors & Road Rollers • Pavers/Asphalt Finishers • Others The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Caterpillar Private Limited
  • CNH Industrial
  • Doosan Infracore
  • Epiroc
  • Hitachi Construction Machinery Co. Ltd
  • J C Bamford Excavators Ltd
  • John Deere Ltd
  • Kobe Steel Ltd
  • Komatsu
  • Kubota Corporation
  • Liebherr
  • Metso
  • Sandvik Mining And Rock Technology
  • Sany
  • Terex Corporation
  • Volvo Construction Equipments
  • Zoomlion
  • XCMG

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Construction Equipments Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Application
  • 6. Global Earth Moving Machinery Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Region
  • 6.2.2. By Equipments
  • 7. Global Material Handling Machinery Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share
  • 7.2.1. By Region
  • 7.2.2. By Equipments
  • 8. Global Concrete and Road Construction Machinery Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share
  • 8.2.1. By Region
  • 8.2.2. By Equipments
  • 9. Asia-Pacific Construction Equipments Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share
  • 9.2.1. By Country
  • 9.2.2. By Application
  • 9.2.3. By Equipments
  • 9.3. Asia-Pacific Earth Moving Machinery Market Outlook
  • 9.3.1. Market Size By Value By Country
  • 9.3.2. Market Share By Equipments
  • 9.4. Asia-Pacific Material Handling Machinery Market Outlook
  • 9.4.1. Market Size By Value By Country
  • 9.4.2. Market Share By Equipments
  • 9.5. Asia-Pacific Concrete and Road Construction Machinery Market Outlook
  • 9.5.1. Market Size By Value By Country
  • 9.5.2. Market Share By Equipments
  • 9.6. Japan Construction Equipments Market Outlook
  • 9.6.1. Market Size By Applications
  • 9.6.2. Market Share By Equipments
  • 9.6.3. Japan Earth Moving Machinery Market Outlook
  • 9.6.3.1. Market Size By Value
  • 9.6.3.2. Market Share By Equipments
  • 9.6.4. Japan Material Handling Machinery Market Outlook
  • 9.6.4.1. Market Size By Value
  • 9.6.4.2. Market Share By Equipments
  • 9.6.5. Japan Concrete and Road Construction Machinery Market Outlook
  • 9.6.5.1. Market Size By Value
  • 9.6.5.2. Market Share By Equipments
  • 9.7. China Construction Equipments Market Outlook
  • 9.7.1. Market Size By Applications
  • 9.7.2. Market Share By Equipments
  • 9.7.3. China Earth Moving Machinery Market Outlook
  • 9.7.3.1. Market Size By Value
  • 9.7.3.2. Market Share By Equipments
  • 9.7.4. China Material Handling Machinery Market Outlook
  • 9.7.4.1. Market Size By Value
  • 9.7.4.2. Market Share By Equipments
  • 9.7.5. China Concrete and Road Construction Machinery Market Outlook
  • 9.7.5.1. Market Size By Value
  • 9.7.5.2. Market Share By Equipments
  • 9.8. India Construction Equipments Market Outlook
  • 9.8.1. Market Size By Applications
  • 9.8.2. Market Share By Equipments
  • 9.8.3. India Earth Moving Machinery Market Outlook
  • 9.8.3.1. Market Size By Value
  • 9.8.3.2. Market Share By Equipments
  • 9.8.4. India Material Handling Machinery Market Outlook
  • 9.8.4.1. Market Size By Value
  • 9.8.4.2. Market Share By Equipments
  • 9.8.5. India Concrete and Road Construction Machinery Market Outlook
  • 9.8.5.1. Market Size By Value
  • 9.8.5.2. Market Share By Equipments
  • 9.9. Australia Construction Equipments Market Outlook
  • 9.9.1. Market Size By Applications
  • 9.9.2. Market Share By Equipments
  • 9.9.3. Australia Earth Moving Machinery Market Outlook
  • 9.9.3.1. Market Size By Value
  • 9.9.3.2. Market Share By Equipments
  • 9.9.4. Australia Material Handling Machinery Market Outlook
  • 9.9.4.1. Market Size By Value
  • 9.9.4.2. Market Share By Equipments
  • 9.9.5. Australia Concrete and Road Construction Machinery Market Outlook
  • 9.9.5.1. Market Size By Value
  • 9.9.5.2. Market Share By Equipments
  • 10. Market Dynamics
  • 10.1. Market Drivers
  • 10.2. Market Challenges
  • 11. Market Trends and Developments
  • 11.1. XXXXXX
  • 11.2. XXXXXX
  • 11.3. XXXXXX
  • 11.4. XXXXXX
  • 11.5. XXXXXX
  • 11.6. XXXXXX
  • 12. Company Profiles
  • 12.1. Caterpillar Private Limited
  • 12.2. CNH Industrial
  • 12.3. Doosan Infracore
  • 12.4. Epiroc Construction Machinery Co. Ltd
  • 12.5. Hitachi Construction Machinery Co. Ltd
  • 12.6. J C Bamford Excavators Ltd
  • 12.7. John Deere Ltd
  • 12.8. Kobe Steel Ltd
  • 12.9. Komatsu Ltd.
  • 12.10. Kubota Corporation
  • 12.11. Liebherr Group
  • 12.12. Metso Corporation
  • 12.13. Sandvik Mining And Rock Technology
  • 12.14. Sany Group
  • 12.15. Terex Corporation
  • 12.16. Volvo Construction Equipments
  • 12.17. XCMG Ltd.
  • 12.18. Zoomlion Co. Ltd.
  • 13. Strategic Recommendations
  • 14. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Construction Equipments Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Construction Equipments Market Share By Country (2021)
Table 6: Global Construction Equipments Market Share By Company (2021)
Table 7: Global Earth Moving Machinery Market Share By Region (2016, 2021 & 2027F)
Table 8: Global Material Handling Machinery Market Share By Region (2016, 2021 & 2027F)
Table 9: Global Concrete and Road Construction Machinery Market Share By Region (2016, 2021 & 2027F)
Table 10: Asia-Pacific Construction Equipments Market Share By Country (2016, 2021 & 2027F)
Table 11: Japan Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 12: Japan Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 13: Japan Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 14: Japan Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 15: Japan Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 16: Japan Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 17: Japan Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 18: Japan Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 19: China Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 20: China Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 21: China Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 22: China Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 23: China Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 24: China Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 25: China Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 26: China Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 27: India Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 28: India Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 29: India Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 30: India Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 31: India Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 32: India Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 33: India Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 34: India Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 35: Australia Construction Equipments Market Size By Applications (2016, 2021&2027F)
Table 36: Australia Construction Equipments Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 37: Australia Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 38: Australia Earth Moving Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 39: Australia Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 40: Australia Material Handling Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 41: Australia Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Table 42: Australia Concrete and Road Construction Machinery Market Share By Equipments 2016 to 2027F (In USD Billion)
Table 43: Key Facts of Caterpillar Private Limited
Table 44: Key Facts of CNH Industrial
Table 45: Key Facts of Doosan Infracore
Table 46: Key Facts of Epiroc Construction Machinery Co. Ltd
Table 47: Key Facts of Hitachi Construction Machinery Co. Ltd
Table 48: Key Facts of J C Bamford Excavators Ltd
Table 49: Key Facts of John Deere Ltd
Table 50: Key Facts of Kobe Steel Ltd
Table 51: Key Facts of Komatsu Ltd.
Table 52: Key Facts of Kubota Corporation
Table 53: Key Facts of Liebherr Group
Table 54: Key Facts of Metso Corporation
Table 55: Key Facts of Sandvik Mining And Rock Technology
Table 56: Key Facts of Sany Group
Table 57: Key Facts of Terex Corporation
Table 58: Key Facts of Volvo Construction Equipments
Table 59: Key Facts of XCMG Ltd.
Table 60: Key Facts of Zoomlion Co. Ltd.

List of Figures
Figure 1: Global Construction Equipments Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Construction Equipments Market Share By Application (2016, 2021 & 2027F)
Figure 3: Global Earth Moving Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 4: Global Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 5: Global Material Handling Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 6: Global Material Handling Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 7: Global Concrete and Road Construction Machinery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: Global Concrete and Road Construction Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 9: Asia-Pacific Construction Equipments Market Size By Value 2016 to 2027F (In USD Billion)
Figure 10: Asia-Pacific Construction Equipments Market Share By Application (2016, 2021 & 2027F)
Figure 11: Asia-Pacific Construction Equipments Market Share By Equipments (In USD Billion)
Figure 12: Asia-Pacific Earth Moving Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 13: Asia-Pacific Material Handling Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 14: Asia-Pacific Concrete and Road Construction Machinery Market Share By Equipments (2016, 2021 & 2027F)
Figure 15: Market Attractiveness Index, 2021
Figure 16: Market Attractiveness Index, 2027F

Market Research FAQs

The Asia Pacific consturction equipment market accounted to USD 37.37 Billion in the year 2014, and in expected to grow at a CAGR of more than 6% during the forecasted period

Japan contributes approximately more than 20%, which is highest in the Asia Pacific consturction equipment market share.

In the overall consturction equipment market of Asia Pacific, the concrete and road construction equipment is most profitable in the forecasted period, growing with a CAGR of more than 8%

By machine type, the loader used in constructions hold more share compared to the others which holds a share of more than 20% in 2019, and is expected to decline in the forecasted period.

Caperpillar Pvt Ltd., CNH Industrial, Hitachi Construction Machinery Co.,JCB Ltd., Kobe Steel Ltd., Komastu Ltd., Liebherr Group, Volvo Consrtuction Group, XCMG Ltd.
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Asia Pacific Construction Equipment Market Research Report, 2027

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