United States Construction Equipment Market Growth, Size, Trends, Demand and Future Outlook: SPER Market Research

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Published: Jun 2024	Report ID: COAM2425	Pages: 1 - 107	Formats^*:
Category : Construction & Manufacturing

United States Construction Equipment Market Introduction and Overview

According to SPER Market Research, the United States Construction Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 6.55%.

The report includes an in-depth analysis of the United States Construction Equipment Market, including market size and trends, product mix, applications, and supplier analysis. A vast array of machinery and tools used in the building, upkeep, and demolition of structures, infrastructure, and other facilities are together referred to as construction equipment. Excavators, loaders, bulldozers, cranes, graders, and more specialist tools like pavers and concrete mixers are some examples of these machines. Construction equipment is made to do a variety of tasks, including grading, digging, lifting, and material transportation. It also increases productivity, safety, and efficiency on the job site. For increased accuracy, automation, and fuel economy, modern construction equipment frequently integrates cutting-edge technology to meet the various demands of industrial, commercial, and residential building projects. The right equipment must be chosen in order to maximize project schedules and guarantee excellent results.

March 2024; With the goal of cutting emissions of operating costs, Caterpillar Inc. unveiled a new line of electric construction equipment, which included an electric excavator and wheel loader. With their enhanced battery technology, longer life cycles, and quick charging times, these new models can work effectively on construction sites with little downtime.

August 2022; The announcement was made by Deere and Company to expand its line of autonomous construction machinery by acquiring a top robotics company. By incorporating cutting edge robotics and artificial intelligence technology into its current product lines, Deere hopes to emphasize automation, accuracy, and efficiency in construction operation.

United States Construction Equipment Market

Market Opportunities and Challenges

Opportunities- In order to promote and provide possibilities for the construction industry, the government and private sector throughout the United States are investing heavily in the creation of new residential and commercial structures as well as public infrastructure. Additionally, as a result of infrastructure development, Growing urbanization generates a significant need for residential infrastructure, which supports the expansion of the construction equipment industry. Moreover, the need for technologically advanced, fuel-efficient construction projects. Players are attempting to expand their business sector by offering products, services, or solutions together with new values that fully utilize information and communication technology. Upgraded equipment is necessary as it lowers labour expenses.

Challenges- The biggest part of an electric construction machine is the battery, whose size and weight have a big influence on how well the machine works and how maneuverable it is. Longer operational ranges may be possible with larger batteries, but the equipment will weigh more and be more difficult to move and handle. Moreover, one of the biggest obstacles to the widespread use of electric construction equipment is the expense of batteries. Electric construction equipment recharge times can be very inconvenient. A battery can take many hours to fully charge, depending on its size and the power of the charger. It can be challenging to operate electric construction equipment for extended periods of time.

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Market Competitive Landscape

The United States Construction Equipment Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Atlas Copco, Caterpillar, Inc, CNH Industrial N.V, Deere & Company, Doosan Infracore, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd (JCB), Komatsu America Corp, Liebherr Group, Sany Heavy Industries Co Ltd, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Equipment Type, By Type, By Application, By End-User
Regions covered	Northeast, Southwest, West, Southeast, Midwest
Companies Covered	Atlas Copco, Caterpillar Inc, CNH Industrial N.V, Deere & Company, Doosan Infracore, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd (JCB), Komatsu America Corp, Liebherr Group, Sany Heavy Industries Co Ltd.

COVID-19 Impact on United States Construction Equipment Market

The COVID-19 pandemic had a significant effect on the building sector. In an effort to contain the pandemic, the United States had implemented a lockdown that has suspended all ongoing construction projects. Construction projects all throughout the United States will be delayed as a result. Furthermore, a number of issues like labour shortages, supply chain disruptions, and economic uncertainty will cause a slowdown in construction projects in the United States.

Key Target Audience:

Construction Companies
Rental Companies
Government and Municipalities
Infrastructure Developers
Mining and Quarrying Companies
Industrial Sector
Transport and Logistics Firms

Our in-depth analysis of the United States Construction Equipment Market includes the following segments:

By Equipment Type:	Heavy Construction Equipment Compact Construction Equipment
By Type:	Loader Cranes Forklift Excavator Dozers Others
By Application:	Excavation and Mining Lifting and Material Handling Earth Moving Transportation Others
By End-Users:	Oil and Gas Construction and Infrastructure Manufacturers Mining Companies Others

Key Topics Covered in the Report:

United States Construction Equipment Market Size (FY’2024-FY’2033)
Overview of United States Construction Equipment Market
Segmentation of United States Construction Equipment Market by Equipment Type (Heavy Construction Equipment, Compact Construction Equipment)
Segmentation of United States Construction Equipment Market by Type (Loader, Cranes, Forklift, Excavator, Dozers, Others)
Segmentation of United States Construction Equipment Market by Application (Excavation and Mining, Lifting and Material Handling, Earth Moving, Transportation, Others)
Segmentation of United States Construction Equipment Market by End-User (Oil and Gas, Construction and Infrastructure, Manufacturers, Mining Companies, Others)
Statistical Snap of United States Construction Equipment Market
Expansion Analysis of United States Construction Equipment Market
Problems and Obstacles in United States Construction Equipment Market
Competitive Landscape in the United States Construction Equipment Market
Impact of COVID-19 and Demonetization on United States Construction Equipment Market
Details on Current Investment in United States Construction Equipment Market
Competitive Analysis of United States Construction Equipment Market
Prominent Players in the United States Construction Equipment Market
SWOT Analysis of United States Construction Equipment Market
United States Construction Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the United States Construction Equipment Market.

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. United States Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Construction Equipment Market

7. United States Construction Equipment Market, By Equipment Type (USD Million) 2020-2033

7.1. United States Construction Equipment Market Size, Share and Forecast, By Equipment Type, 2020-2026
7.2. United States Construction Equipment Market Size, Share and Forecast, By Equipment Type, 2027-2033
7.3. Heavy Construction Equipment
7.4. Compact Construction Equipment

8. United States Construction Equipment Market, By Type (USD Million) 2020-2033

8.1. United States Construction Equipment Market Size, Share and Forecast, By Type, 2020-2026
8.2. United States Construction Equipment Market Size, Share and Forecast, By Type, 2027-2033
8.3. Loader
8.4. Cranes
8.5. Forklift
8.6. Excavator
8.7. Dozers
8.8. Others

9. United States Construction Equipment Market, By Application (USD Million) 2020-2033

9.1. United States Construction Equipment Market Size, Share and Forecast, By Application, 2020-2026
9.2. United States Construction Equipment Market Size, Share and Forecast, By Application, 2027-2033
9.3. Excavation and Mining
9.4. Lifting and Material Handling
9.5. Earth Moving
9.6. Transportation
9.7. Others

10. United States Construction Equipment Market, By End-Users (USD Million) 2020-2033

10.1. United States Construction Equipment Market Size, Share and Forecast, By End-Users, 2020-2026
10.2. United States Construction Equipment Market Size, Share and Forecast, By End-Users, 2027-2033
10.3. Oil and Gas
10.4. Construction and Infrastructure
10.5. Manufacturers
10.6. Mining Companies
10.7. Others

11. United States Construction Equipment Market Forecast, 2020-2033 (USD Million)

11.1. United States Construction Equipment Market Size and Market Share

12. United States Construction Equipment Market, By Region, 2020-2033 (USD Million)

12.1. United States Construction Equipment Market Size and Market Share By Region (2020-2026)
12.2. United States Construction Equipment Market Size and Market Share By Region (2027-2033)
12.3. Northeast
12.4. Southwest
12.5. West
12.6. Southeast
12.7. Midwest

13. Company Profile

13.1. ATLAS COPCO

13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments

13.2. CATERPILLAR, INC.

13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments

13.3. CNH INDUSTRIAL N.V.

13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments

13.4. DEERE AND COMPANY

13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments

13.5. DOOSAN INFRACARE

13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments

13.6. J C BAMFORD EXCAVATORS LTD. (JCB)

13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments

13.7. KOMATSU AMERICA CORP.

13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments

13.8. LIEBHERR GROUP

13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments

13.9. SANY HEAVY INDUSTRIES CO. LTD.

13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments

13.10. Others

14. Conclusion

15. List of Abbreviations

16. Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the United States Construction Equipment Market?

United States Construction Equipment Market is projected to reach USD XX billion by 2033, growing at a CAGR of 6.55% during the forecast period.

What is the growth rate of the United States Construction Equipment Market?

United States Construction Equipment Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 6.55% during the forecast period.

What is the anticipated CAGR of the United States Construction Equipment Market?

United States Construction Equipment Market CAGR of 6.55% during the forecast period.

How can I get a sample report on the United States Construction Equipment Market?

You can get the sample pages by clicking the link - Click Here

What is the Market size of the United States Construction Equipment Market?

United States Construction Equipment Market size is USD XX billion from 2024 to 2033.

Which segment is expected to United States Construction Equipment Market?

United States Construction Equipment Market Segment is covered By Equipment Type, By Type, By Application, By End-User.

Which region is expected to have the highest Market share in the United States Construction Equipment Market?

The North America is anticipated to have the highest Market share in the United States Construction Equipment Market.

Who are the key players in United States Construction Equipment Market?

The key players in the Market include Companies Covered Atlas Copco, Caterpillar, Inc, CNH Industrial N.V, Deere & Company, Doosan Infracore, Hitachi Construction Machinery Co Ltd, J C Bamford Excavators Ltd (JCB), Komatsu America Corp, Liebherr Group, Sany Heavy Industries Co Ltd.

What is the conclusion of the United States Construction Equipment Market?

Construction equipment is made to do a variety of tasks, including grading, digging, lifting, and material transportation.