CANADA CONSTRUCTION EQUIPMENT MARKET SIZE TO REACH A REVENUE OF USD 4.85 BILLION AND A VOLUME OF 39,484 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 4.45% BY VOLUME DURING 2021-2027

Canada Construction Equipment Market Research Report includes segments by Type (Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)), By Application (Construction, Manufacturing, Mining, and Others)

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98 Pages

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3 Tables

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63 Charts

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1 Regions

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1 Countries

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13 Companies

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2 Market Segment

CANADA CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 4.85 Billion (2027)
MARKET SIZE (UNIT SHIPMENT) 39,484 units (2027)
CAGR (VOLUME) 4.45% (2021-2027)
HISTORIC YEAR 2018-2019
BASE YEAR 2020
FORECAST YEAR 2021-2027
TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc))
APPLICATION Construction, Manufacturing, Mining, and Others
KEY VENDORS Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota Group, Sumitomo Heavy Industries, Liebherr, SANY Group

CANADA EQUIPMENT MARKET INSIGHTS

  • Canada's construction equipment market was valued at USD 3.8 billion and is forecasted will reach USD 4.85 billion by 2027, growing at a CAGR of 4.45% during 2021-2027. Canada's earthmoving equipment market is projected to witness robust growth during the forecasted period
  • According to the building & construction authority Canada, public sector projects will drive the demand for the construction equipment industry, which accounted for 64% of the total demand in 2021 due to the government's affordable housing programs.
  • The oil and gas industry is transitioning away from traditional reserves and more expensive and difficult resources such as shale and deep-water projects. The extraction of non-conventional oil sources necessitates using complex technology and equipment comprising cranes and excavators in construction machinery manufacturing in Canada.
  • The demand for construction equipment is expected to rise due to the government’s ambitious plan to generate 2GW of solar power by 2030. The government has introduced the emerging renewable power program and research and development initiatives to increase solar energy output to achieve this goal.

Canada Construction Equipment market

Canada Construction Equipment Market by Volume 2018-2027 (Unit Sales)

CANADA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • Canada's earthmoving equipment market is projected to witness robust growth through 2027 owing to the factors such as growth in the transportation sector. Also, deteriorating infrastructure in Canada with bridges with a length of at least 2 meters in Canada will be considered old.
  • Rapid urbanization drives the market of road roller. The increasing connectivity of roads between cities, towns, and locals has raised the demand for road rollers in the Canadian market.

KEY HIGHLIGHTS IN THE REPORT

  • 19 green infrastructure and water distribution projects received a joint funding investment of over USD 29 million by the federal and provincial governments.
  • Increased automated safety features added to recent cranes may provide market players with significant changes in the future in the Canadian construction machinery manufacturing industry.
  • Canada's government is aiming to reduce carbon emissions by 2030. Therefore, the demand for large excavators is expected to rise.
  • Factors such as technological advancements in telescopic handlers and technological advances in infrastructure development lead to the increasing usage of forklift and telescopic handlers in the Canadian market.

VENDOR LANDSCAPE

  • The key players in Canada's construction equipment market are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota Group, Sumitomo Heavy Industries, Liebherr, and SANY Group.
  • Caterpillar announced the acquisition of Weir’s Oil & Gas business, now SPM Oil & Gas, in 2020 to expand its global presence to serve its Oil & Gas customers.
  • Kobelco reached the assembly of 3,00,000 Hydraulic Excavators at Hiroshima Factory in 2021.
  • In September 2020, SANY Partnered with Adelaide Heavy Machinery as the appointed dealer for South Oceania.

TARGET AUDIENCE

  • Top-level management personnel of existing operators/vendors
  • Potential new entrants to the market
  • Consultants/consultancies/advisory firms
  • Professional landscaping service providers/contractors
  • Corporate and governments bodies

WHY SHOULD YOU BUY THIS REPORT?

This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
    • Type
    • Application
  • Value (USD)     
    • Type
    • Application
  • Gain competitive intelligence about the economic scenario, advantages in Canadian countries, significant projects and investments, dynamics, and market share.
  • Examples of the latest technologies.
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the Canada construction equipment market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of 9 key vendors and 4 other prominent vendors.

KEY VENDORS

Major Vendors: Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota Group, Sumitomo Heavy Industries, Liebherr, SANY Group

Other Prominent Vendors: Linamar, Tadano, Oshkosh access equipment (JLG), Zoomlion Heavy Industry

Frequently Asked Questions

What is the market size of Canada's construction equipment market?

Canada's construction equipment market size will be valued at USD 4.85 million and to reach a volume of 39,484 units by 2027.

What are the latest technologies in the Canada construction machinery market?

The latest technologies in the Canada construction machinery market are remote control, telematics+IoT, 2D grade Control Technology, and AI-based Excavators.

Who are the key players in Canada construction equipment industry?

The key players in Canada construction equipment industry are Caterpillar, Komatsu, Hitachi Construction Machinery, Kobelco, Volvo Construction Equipment, Kubota Group, Sumitomo Heavy Industries, Liebherr, and SANY Group.

What are the different types of construction equipment covered in the report?

The different types of construction equipment covered in the report are Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)).

What are the key growth strategies of players operating in the Canada heavy construction equipment market?

There is an increasing focus on remote monitoring technology in Canada construction equipment. Also, there have been launches of upgraded excavators by companies like Caterpillar

Why will the earthmoving and construction equipment rental gain traction?

In Canada, the rental business is growing rapidly. With the rise in construction activities in Canada end-users prefer to have rental equipment due to its cost-efficient option. The major part of the rental equipment market in Canada is captured by experienced players such as Liebherr and Caterpillar.

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The manufacturing and construction industries are the major contributors to Canada’s GDP. ACCORDING TO THE BUILDING & CONSTRUCTION AUTHORITY CANADA after COVID-19 government is supporting the industries by launching various initiatives, according to the Building & Construction Authority Canada, public sector projects will drive the demand for construction equipment, which will account for 64% of the total market in 2021 the government's affordable housing programs. During the forecast period, this upsurge in infrastructure development is expected to boost the demand for construction equipment such as excavators, cranes, and forklifts.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the Canadian construction equipment market and market dynamics for the forecast period 2021−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Canada construction equipment market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi Construction Machinery
  • Kobelco
  • Volvo Construction Equipment
  • Kubota Group
  • Sumitomo Heavy Industries
  • Liebherr
  • SANY Group

Other Prominent Vendors:

  • Linamar
  • Tadano
  • Oshkosh access equipment (JLG)
  • Zoomlion Heavy Industry

Market segmentation by Type

  • Earth Moving Equipment
    • Excavator
    • Backhoe Loader
    • Motor Grader
    • Other Earth Moving Equipment
  • Road Construction Equipment
    • Asphalt Paver
    • Road Roller
  • Material Handling Equipment
  • Crane
  • Forklift
  • Telescopic Handler
  • Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.)

Market segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 – Introduction
• Market Snapshot
• Executive Summary

Section 2 – The Market Overview

Economic Scenario, FDI, Advantage Canada, Key economic regions in Canada, Import/Export Trend Analysis, COVID-19 Impact, Supply Chain

Section 3- Technological Developments
• Advent of new Technology

  • Recent Development in Construction Equipment Market

    Section 4 Market Dynamics
    • Market Drivers, Restraints, Trends

    Section 5 – Canada Construction Equipment (Type & Application)

5.1 Canada Construction Equipment Market by Type (Volume & Value)
 5.1.1. Earth Moving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

 5.1.2. Road Construction Equipment

  1. Asphalt Paver
  2. Road Roller

5.1.3.  Material Handling Equipment

  1. Crane
  2. Forklift and Telescopic Handler
  3. Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

5.2 Canada Construction Equipment Market by Application (Volume & Value)

  1. Construction
  2. Mining
  3. Manufacturing
  4. Others (Power Generation and Utilities, Municipal Corporation etc)

Section 6 – Competitive Landscape

  1. Competitive Landscape Overview
  2. Major Vendors (Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, SANY Group, Kobelco Construction Machinery, Kubota Corporation, Sumitomo Corporation, Liebherr)
  3. Other Prominent vendors

Section 7 – Report Summary

  • Key Insights
  • Abbreviations
  • List of Exhibits

Section 8 – Report Scope & Definition
1.   Research Methodology
2.   Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Exhibit 1          Construction Equipment Market in Canada by Volume 2018–2027 (Unit Sales)

Exhibit 2          Construction Equipment Market in Canada by Type 2020 (% Volume Share)

Exhibit 3          Canada Construction Equipment Market by Volume 2018–2027 (Unit Sales)

Exhibit 4          Canada Construction Equipment Market by Value 2018–2027 ($ MN)

Exhibit 5          Canada Construction Equipment Market by Application 2020 (%)

Exhibit 6          Canada Construction Equipment Market by Type 2018–2027 (Unit Sales)

Exhibit 7          Canada GDP 2015–2020 ($ BN)

Exhibit 8          Foreign Direct Investment, Net Inflow (% of GDP)

Exhibit 9          Canada Commodity Exports 2019–2020 ($ BN)

Exhibit 10        Export Value of Construction Equipment 2019 ($ MN)

Exhibit 11        Import Value of Construction Equipment 2019 ($ MN)

Exhibit 12        Canada Construction Equipment Market by Type 2018–2027 (Unit Sales)

Exhibit 13        Canada Construction Equipment Market by Type Volume Share, 2020 (%)

Exhibit 14        Canada Construction Equipment Market by Application, 2018–2027 (Unit Sales)

Exhibit 15        Canada Earthmoving Equipment Market 2018–2027 (Unit Sales)

Exhibit 16        Canada Earthmoving Equipment Market 2018–2027 ($ MN)

Exhibit 17        Canada Excavators Market 2018–2027 (Unit Sales)

Exhibit 18        Canada Excavator Equipment Market 2018–2027 ($ MN)

Exhibit 19        Canada Backhoe Loaders Market 2018–2027 (Unit Sales)

Exhibit 20        Canada Backhoe Loader Equipment Market 2018–2027 ($ MN)

Exhibit 21        Canada Motor Graders Market 2018–2027 (Unit Sales)

Exhibit 22        Canada Motor Graders Market 2018–2027 ($ MN)

Exhibit 23        Canada Other Earthmoving Equipment Market 2018–2027 (Unit Sales)

Exhibit 24        Canada Other Earthmoving Equipment Market 2018–2027 ($ MN)

Exhibit 25        Canada Road Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 26        Canada Road Construction Equipment Market 2018–2027 ($ MN)

Exhibit 27        Canada Asphalt Pavers Market 2018–2027 (Unit Sales)

Exhibit 28        Canada Asphalt Paver Market 2018–2027 ($ MN)

Exhibit 29        Canada Road Rollers Market 2018–2027 (Unit Sales)

Exhibit 30        Canada Road Rollers Market 2018–2027 ($ MN)

Exhibit 31        Canada Material Handling Equipment Market 2018–2027 (Unit Sales)

Exhibit 32        Canada Material Handling Equipment Market 2018–2027 ($ MN)

Exhibit 33        Canada Cranes Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 34        Canada Cranes Construction Equipment Market 2018–2027 ($ MN)

Exhibit 35        Canada Forklifts and Telescopic Handlers Market 2018–2027 (Unit Sales)

Exhibit 36        Canada Forklifts and Telescopic Handlers Market 2018–2027 ($ MN)

Exhibit 37        Canada Aerial Platforms Market 2018–2027 (Unit Sales)

Exhibit 38        Canada Aerial Platforms Market 2018–2027 ($ MN)

Exhibit 39        Canada Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 40        Canada Construction Equipment Market 2018–2027 ($ MN)

Exhibit 41        Canada Mining Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 42        Canada Mining Construction Equipment Market 2018–2027 ($ MN)

Exhibit 43        Canada Manufacturing Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 44        Canada Manufacturing Construction Equipment Market 2018–2027 ($ MN)

Exhibit 45        Canada Others Construction Equipment Market 2018–2027 (Unit Sales)

Exhibit 46        Canada Others Construction Equipment Market 2018–2027 ($ MN)

Exhibit 47        Caterpillar: Total Revenue 2018–2020 ($ BN)

Exhibit 48        Caterpillar: Sales by Region (% Share)

Exhibit 49        Caterpillar: Total Revenue by Segment 2020 (% Share)

Exhibit 50        Liebherr: Total Revenue 2018–2020 (% Share)

Exhibit 51        Liebherr: Turnover by Region (% Share)

Exhibit 52        Liebherr: Total Revenue by Product Segment 2020 (% Share)

Exhibit 53        Komatsu: Consolidated Net Sales 2018–2020 ($ BN)

Exhibit 54        Komatsu: Construction, Mining, and Utility Equipment Business, Sales by Region 2020 (% Share)

Exhibit 55        Komatsu: Breakdown of Net Sales by Segment 2020 (% Share)

Exhibit 56        Kubota: Revenue 2016–2020 ($ BN)

Exhibit 57        Kubota: Revenue by Segment 2020 (% Share)

Exhibit 58        Kubota: Revenue by Region 2020 (% Share)

Exhibit 59        Volvo: Construction Equipment Net Sales 2016–2020 ($ BN)

Exhibit 60        Volvo: Share of Net Sales by Market 2020 (% Share)

Exhibit 61        Volvo: Share of Net Sales by Segment 2020 (% Share)

Exhibit 62        Hitachi: Revenue 2020–2021 ($ BN)

Exhibit 63        Sumitomo: Total Revenue 2018–2020 ($ BN)

 

LIST OF TABLES

Table 1      Investment in Canada 2018-2020

Table 2      Major Projects in Oil & Gas Exploration

Table 3      Major Investment Countries 2020

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