North America 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 North America is expected to grow from US$ 27,421.64 million in 2022 to US$ 46,057.60 million by 2028. It is estimated to grow at a CAGR of 9.0% from 2022 to 2028.
Public-private collaboration is a joint venture between the government and the private sector to build public infrastructure. In this collaboration, the private firm manages a government project and contributes technical and operational knowledge. Increased private sector engagement in infrastructure projects, particularly with private money at risk, can improve efficiency, if private developers are given a chance to put their risk-management expertise to work through a genuine transfer of risks and duties. Traditional procurement methods, which pay little attention to commercial and financial concerns, do not yield the same results. At the optimal level of participation and risk transfer, the private sector participants contribute specific risk-management skills, offer a long-term view and interest in the project, and absorb other risks without the fear of bankruptcy. Therefore, the rising number of public-private partnerships is fueling the construction equipment market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America construction equipment market at a substantial CAGR during the forecast period.
North America Construction Equipment Market Revenue and Forecast to 2028 (US$ Million)
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North America Construction Equipment Market Segmentation
The North America 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 the US, Canada, and Mexico. In 2022, the US held a larger market share and is 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 the leading companies in the North America construction equipment market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Construction Equipment Market – By Equipment Type
1.3.2 North America Construction Equipment Market – By Application
1.3.3 North America Construction Equipment Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Construction Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Construction Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Infrastructure Investments Post COVID-19 Pandemic
5.1.2 Raising Focus on Public–Private Partnerships (PPP)
5.2 Market Restraints
5.2.1 Reduced Deal Value of Construction Equipment Projects
5.3 Market Opportunities
5.3.1 Raising Technological Innovations in Construction Equipment
5.4 Future Trends
5.4.1 Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. North America Construction Equipment Market Analysis
6.1 North America Construction Equipment Market Overview
6.2 North America Construction Equipment Market Forecast and Analysis
7. North America Construction Equipment Market – By Type
7.1 Overview
7.2 North America 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. North America Construction Equipment Market – By Application
8.1 Overview
8.2 North America 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. North America Construction Equipment Market – By Country Analysis
9.1 Overview
9.1.1 North America: Construction Equipment Market, by Key Country
9.1.1.1 US: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Construction Equipment Market, By Equipment Type
9.1.1.1.2 US: Construction Equipment Market, By Application
9.1.1.2 Canada: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Construction Equipment Market, By Equipment Type
9.1.1.2.2 Canada: Construction Equipment Market, By Application
9.1.1.3 Mexico: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Construction Equipment Market, By Equipment Type
9.1.1.3.2 Mexico: 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. North America Construction Equipment Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Construction Equipment Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Construction Equipment Market, By Equipment Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Construction Equipment Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms, North America Construction Equipment Market
LIST OF FIGURES
Figure 1. North America Construction Equipment Market Segmentation
Figure 2. North America Construction Equipment Market Segmentation –Country
Figure 3. North America Construction Equipment Market Overview
Figure 4. North America Construction Equipment Market, By Equipment Type
Figure 5. North America Construction Equipment Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. North America Construction Equipment Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Construction Equipment Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Construction Equipment Market, Forecast and Analysis (US$ Million)
Figure 11. North America Construction Equipment Market Revenue Share, By Equipment Type (2021 and 2028)
Figure 12. Heavy Construction Vehicles: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Earthmoving Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Material-Handling Equipment: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Construction Equipment Market Revenue Share, By Application (2021 and 2028)
Figure 17. Commercial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Residential: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Geographic Overview of North America Construction Equipment Market
Figure 21. North America: Construction Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 22. US: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Construction Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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