Canada Construction Equipment Market Size Forecast
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Canada Construction Equipment Market - Strategic Assessment & Forecast 2021-2027

TO BE PUBLISHED : Jan 2022 | Pages : 99

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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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Most Exhaustive Report

99 Pages

xx Tables

xx Charts

1 Regions

1 Countries

13 Companies

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

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

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