THE NEW ZEALAND CONSTRUCTION EQUIPMENT MARKET SIZE WAS ESTIMATED AT 3,749 UNITS IN 2022 AND IS EXPECTED TO REACH 5,113 UNITS BY 2029, GROWING AT A CAGR OF 4.53%.

New Zealand Construction Equipment Market Research Report includes segments by

  • Earthmoving Equipment: Excavator, Backhoe Loaders, Motor Graders, and Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment: Road Rollers and Asphalt Pavers
  • Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Other Construction Equipment: Dumper, Tipper, Concrete Mixture, and Concrete Pump Truck
  • End Users: Construction, Manufacturing, Mining, and Others

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

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03 Tables

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28 Companies

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5 Market Segment

NEW ZEALAND CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
Market Size (2029) 5,113 Units
Market Size (2022) 3,749 Units
CAGR (2022-2029) 4.53%
HISTORIC YEAR 2020-2021
BASE YEAR 2022
Forecast Year 2023-2029
TYPE Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Construction Equipment
END-USERS Construction, Mining, Manufacturing, and Others
KEY VENDORS Caterpillar, Komatsu, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Liebherr, Volvo Construction Equipment, Hitachi Construction Machinery, JCB, SANY, Kobelco, and Hyundai Construction Equipment

MARKET OVERVIEW

The New Zealand construction equipment market size was valued at 3,749 units by 2022 and is expected to reach 5,113 units by 2029, growing at a CAGR of 4.53%. In 2022, the government increased infrastructure investment to recover economically from the pandemic. The government invests in different housing projects nationwide and introduced various housing policies in 2022. The government invested USD 148 million under First Home Loan & Frist Home Grant program in New Zealand in 2022. Investment is also directed towards renewable energy projects across the country. New Zealand aims to achieve the goal of carbon neutrality by 2050 & 100% electricity generation by renewable energy resources. The government has established a USD 400 million Green Investment Fund, a USD 27 million National New Energy Development Centre, and multiple renewable energy investments via the USD 3 billion Provincial Growth Fund to support these targets. The surge in government investment in public infrastructure, including railways, housing & aviation, is expected to drive the demand for construction equipment in the New Zealand construction equipment market during the forecast period.

KEY HIGHLIGHTS

  • Earthmoving equipment accounted for the largest market share of the New Zealand construction equipment market in 2022. Excavators in the earthmoving segment accounted for the largest share. Rising investment in housing & infrastructure projects is expected to drive the demand for excavators in industry.
  • Infrastructure upgradation projects such as the renovation of commercial buildings, railway stations, airports, repair of runways, and extension of roadways & bridges across the country drive high demand for construction equipment in the market.
  • The government announced to improve education facilities across the country by investing USD 777 million in school infrastructure. In budget 2022, the government allocated an additional USD 88 million to Christchurch School, programmed to restore and improve school properties nationwide.
  • The country is facing rising building material costs which impact the country’s real estate market. The prices of houses have witnessed a sharp rise in 2023. Moreover, the shortage of skilled labor force is another major challenge in the New Zealand construction equipment market.
  • The government aims to reduce carbon emissions to achieve the goal of carbon neutrality by 2050. Due to this, there is a surge in green building construction and the adoption of automation technologies in the manufacturing industry to reduce industrial carbon emissions. The demand for electric forklifts and aerial platforms is expected to increase as they are carbon neutral and are used in industrial sectors for handling goods.

MARKET TRENDS & DRIVERS

Rise in Infrastructure Investment in New Zealand
The New Zealand government will increase the infrastructure investment from USD 57.3 billion to USD 61.9 billion in 2022. The investments were majorly directed at healthcare, education & development of public infrastructure across the country in 2022. The government allocated USD 2.9 billion to Climate Emergency Response Fund for the next four years after 2022, aiming to reduce carbon emissions. An additional USD 375 million fund was allocated to increase public transport capacity and shift to low-emission vehicles. Further, the government also planned to invest USD 349 million in a freight network to replace Kiwi Rail’s aging infrastructure with modern energy-efficient units. The USD 37 million fund invested under Construction Sector Accord transformation plan to increase the production capability and resilience of the construction sector.

Investment in Education & Transport Sectors
The government announced improving education facilities nationwide by investing USD 777 million in school infrastructure. This funding includes USD 219 million provided directly to schools over the next nine years to replace furniture and equipment. In budget 2022, the government allocated an additional USD 88 million to Christchurch School, programmed to restore and improve school properties nationwide. The government planned similar investments in the development of the transport sector in the country in 2022, projected to support the New Zealand construction equipment market. The government planned to invest in restoring the national rail networks to support freight rails and metropolitan rails in 2022.

Investment in the Manufacturing Sector Prompts the Use of Automated & Electric Construction Equipment
The New Zealand government is increasing investment in advanced technology and attracting high-skill labor to tackle low productivity in New Zealand’s manufacturing sector. The government has planned to invest USD 30 million in the manufacturing sector, with USD 3.7 million for adopting new technologies, USD 4 million to upskill workers, & additional USD 2.9 million to lower carbon emissions from Industries. The government investment in advanced technology and low carbon emission is expected to drive demand for automated and electric construction equipment in the New Zealand construction equipment market.

Surge in the Use of Wheeled Loaders
In December 2022, the government announced the Building Act, which includes a waste minimization plan generated from construction & demolition activities. The surge in construction & demolition waste management activities prompts wheeled loaders, which are majorly used for removing construction debris as it is quick in operation & high lifting capacity. Moreover, there has been a surge in demolition projects in New Zealand in 2023. The government investment in renovating old infrastructure prompts the demolition of aging infrastructure across the country.

INDUSTRY RESTRAINTS

Rising Building Material Prices
The building material cost witnessed a growth of 32% in 2022, and the building material suppliers expect further growth of nearly 9% in 2023. New Zealand's building material industry heavily depends on international supply; 90% of building materials, such as iron, steel, aluminum, & cement, are imported from other countries. Rising freight costs put inflationary pressure on material suppliers, pushing New Zealand's building prices. In addition, global supply chain disruptions are another major factor for the high prices of building materials, further hampering the New Zealand construction equipment market growth.

Shortage of Skilled Labor Force
New Zealand is facing the challenge of a shortage of skilled laborers in 2023. According to Infrastructure Commission, the country needs more workers and higher productivity to deliver the major infrastructure projects planned in 2023; around 200,000 laborers in the construction and infrastructure sector need to grow by 50,000 over the next few years. The country is also dependent on immigrant laborers for construction projects. The government is not providing them with many health and safety facilities, which demotivates them to continue working in this sector. However, many of New Zealand’s construction workers are moving overseas for work, particularly to Australia, where wages are higher than in New Zealand. And Australian government is investing heavily in the housing sector, which is a tremendous opportunity for construction laborers.

VENDOR LANDSCAPE

  • Caterpillar, Volvo Construction Equipment, and Komatsu are market leaders in the New Zealand construction equipment market. These companies have a strong market share and offer diverse sets of equipment.
  • In 2021, Volvo Construction Equipment launched its first all-electric Volvo ECR25 compact excavator.
  • Bobcat, Airman, Toyota Material Handling & SAKAI are niche market players. These companies offer low product diversification and have a strong presence in New Zealand's local market.
  • SANY, Kubota, and Liebherr are emerging in the New Zealand construction equipment market. These companies are introducing new technologically advanced products to challenge the market share of leaders. In 2021, SANY launched a new SY305C crawler excavator with higher power and stability in the industry.
  • Takeuchi & Yanmar have low product diversification; these companies are lagging in adopting new technologies used in construction equipment.

Frequently Asked Questions

How big is the New Zealand construction equipment market?

The New Zealand construction equipment market size was valued at 3,749 units by 2022 and is expected to reach 5,113 units by 2029.

What is the growth rate of the New Zealand construction equipment market?

The New Zealand construction equipment market share is expected to grow at a CAGR of 4.53% from 2022-2029.

Who are the key players in the New Zealand construction equipment market?

Caterpillar, Komatsu, Xuzhou Construction Machinery Group Co. Ltd. (XCMG), Liebherr, Volvo Construction Equipment, Hitachi Construction Machinery, JCB, SANY, Kobelco, and Hyundai Construction Equipment are the key players in the New Zealand construction equipment market.

What are the trends in the New Zealand construction equipment industry?

The surge in demand for wheeled loaders, the use of electric equipment, and the use of electric & automated equipment in manufacturing are trends in the New Zealand construction equipment industry.

Which are the major distributor companies in the New Zealand construction equipment market?

AdvanceQuip, Clark Equipment, CablePrice, LiftX, NZAM, MIMICO, Vertu Equipment, Landex, and TDX are the major distributor companies in the New Zealand construction equipment market.

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The New Zealand construction equipment market size is expected to grow at a CAGR of approximately 4.53% from 2022 to 2029.

The following factors are likely to contribute to the growth of the New Zealand construction equipment market during the forecast period:

  • Rise in Infrastructure Investment in New Zealand
  • Investment in Education & Transport Sectors
  • Government Investments in Housing Projects

Base Year: 2022

Forecast Year: 2023-2029

The report considers the present scenario of the New Zealand construction equipment market and its market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Prominent Vendors

  • Caterpillar
  • Komatsu
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
  • Liebherr
  • Volvo Construction Equipment
  • Hitachi Construction Machinery
  • JCB
  • SANY
  • Kobelco
  • Hyundai Construction Equipment

Other Prominent Vendors

  • Yanmar
  • Sumitomo Construction Machinery
  • Takeuchi
  • Toyota Material Handling
  • Manitou
  • SAKAI HEAVY INDUSTRIES, LTD.
  • Kubota
  • Bobcat
  • AIRMAN

Distributor Profiles

  • AdvanceQuip
  • Clark Equipment
  • CablePrice
  • LiftX
  • NZAM
  • MIMICO
  • Vertu Equipment
  • Landex
  • TDX

Segmentation by Type

  • Earthmoving Equipment
    • Excavator
    • Backhoe Loaders
    • Motor Grader
    • Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
  • Road Construction Equipment
    • Road Rollers
    • Asphalt Pavers
  • Material Handling Equipment
    • Crane
    • Forklift & Telescopic Handlers
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
  • Other Construction Equipment
    • Dumper
    • Tipper
    • Concrete Mixture
    • Concrete Pump Truck
  • End Users
    • Construction
    • Manufacturing
    • Mining
    • Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)

Section 1 – Research Methodology

Section 2 – Research Objective
Section 3 – Research Process
Section 4 – Introduction
4.1 Market Coverage
4.2 Report Scope

Section 5 – Market at A Glance
5.1 Market Snapshot
Section 6 – Executive Summary
Section 7– Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamic
7.5 Key Upcoming Cities in New Zealand
7.6 Import & Export Analysis
7.7 Supply Chain Analysis

Section 8– Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment (Volume & Value)
8.1.1.2 Excavators
8.1.1.3 Backhoe Loaders
8.1.1.4 Motor Graders
8.1.1.5 Other Earthmoving Equipment (Other Loaders, Bulldozers, Trenchers, etc.)

8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction (Volume & Value)
8.1.2.2 Road Rollers
8.1.2.3 Asphalt Pavers

8.1.3 Equipment Definition (Material Handling)
8.1.3.1 Material Handling Equipment (Volume & Value)
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms

8.1.4 Equipment Definition (Other Equipment)
8.1.4.1 Other Equipment (Volume & Value)
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixtures
8.1.4.5 Concrete Pump Trucks

8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)

Section 9– Geographical Analysis
Section 10– Technology Development
Section 11– Competitive Landscape
11.1 Competitive Landscape Overview
11.2 List of Construction Companies/ Contractors
11.3 Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery |Liebherr | JCB | Hyundai Construction Equipment | Bobcat| Kobelco| Kubota| Manitou |Yanmar |SANY| XCMG| Toyota Material Handling| Takeuchi| SAKAI |Sumitomo| Airman)
11.4 Other Prominent Vendors
11.5 Distributors Companies Profiles

Section 12– Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings

Graph 1            CONSTRUCTION EQUIPMENT MARKET, VOLUME (UNITS)

Graph 2            CONSTRUCTION EQUIPMENT MARKET 2022 (%)

Graph 3            INCREMENTAL GROWTH BY EQUIPMENT TYPE 2022-2029 (UNITS)

Graph 4            CONSTRUCTION EQUIPMENT MARKET VALUE BY END USER INDUSTRIES. 2022 (% SHARE)

Graph 5            NEW ZELAND CONSTRUCTION EQUIPMENT MARKET, VOLUME 2022-2029 (UNITS)

Graph 6            GOVERNMENT INVESTMENT IN VARIOUS SECTORS 2022 (%)

Graph 7            NEW ZELAND EARTHMOVING CONSTRUCTION EQUIPMENT 2020-2029 (UNITS SALES)

Graph 8            NEW ZEALAND EARTHMOVING CONSTRUCTION EQUIPMENT MARKET  2020–2029 ($MN)

Graph 9            NEW ZELAND EXCAVATOR CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNITS SALES)

Graph 10          NEW ZELAND EXCAVATOR CONSTRUCTION EQUIPMENT MARKET 2020–2029 ($MN)

Graph 11          NEW ZELAND BACKHOE LOADERS MARKET 2020–2029 (UNITS SALES)

Graph 12         NEW ZELAND BACKHOE LOADERS MARKET 2020–2029 ($MN)

Graph 13           NEW ZELAND MOTOR GRADER MARKET 2020–2029 (UNITS SALES)

Graph 14          NEW ZELAND MOTOR GRADER MARKET 2020–2029 ($MN)

Graph 15          NEW ZELAND OTHER EARTHMOVING EQUIPMENT MARKET, 2020–2029 (UNIT SALES)

Graph 16          NEW ZELAND OTHER EARTHMOVING EQUIPMENT MARKET, 2020–2029 ($MN)

Graph 17         NEW ZELAND ROAD CONSTRUCTION EQUIPMENT MARKET, 2020–2029 (UNIT SALES)

Graph 18         NEW ZELAND ROAD CONSTRUCTION EQUIPMENT MARKET, 2020–2029 ($ MN)

Graph 19         NEW ZELAND ROAD ROLLER MARKET, 2020–2029 (UNIT SALES)

Graph 20        NEW ZELAND ROAD ROLLER MARKET, 2020–2029 ($ MN)

Graph 21         NEW ZELAND ASPHALT PAVER MARKET, 2020–2029 (UNIT SALES)

Graph 22         NEW ZELAND ASPHALT PAVER MARKET, 2020–2029 ($ MN)

Graph 23         NEW ZELAND MATERIAL HANDLING EQUIPMENT MARKET, 2020–2029 (UNIT SALES)

Graph 24         NEW ZELAND MATERIAL HANDLING EQUIPMENT MARKET, 2020–2029 ($ MN)

Graph 25         NEW ZELAND CRANE MARKET, 2020–2029 (UNIT SALES)

Graph 26         NEW ZELAND CRANE MARKET, 2020–2029 ($ MN)

Graph 27         NEW ZELAND FORKLIFT AND TELESCOPIC HANDLER MARKET, 2020–2029 (UNIT SALES)

Graph 28         NEW ZELAND FORKLIFT AND TELESCOPIC HANDLER MARKET, 2020–2029 ($ MN)

Graph 29         NEW ZELAND AERIAL PLATFORMS MARKET, 2020–2029 (UNIT SALES)

Graph 30         NEW ZELAND AERIAL PLATFORMS MARKET, 2020–2029 ($ MN)

Graph 31         NEW ZELAND OTHERS CONSTRUCTION EQUIPMENT MARKET 2020–2029 (UNIT SALES)

Graph 32         NEW ZELAND OTHER CONSTRUCTION EQUIPMENT MARKET 2020-2029 ($MN)

Graph 33         NEW ZELAND DUMPERS MARKET 2020-2029 (UNIT SALES)

Graph 34         NEW ZELAND DUMPERS MARKET 2020-2029 ($MN)

Graph 35         NEW ZELAND TIPPER MARKET 2020-2029 (UNIT SALES)

Graph 36         NEW ZELAND TIPPER MARKET 2020-2029 ($MN)

Graph 37         NEW ZELAND CONCRETE MIXTURE MARKET 2020-2029 (UNIT SALES)

Graph 38         NEW ZELAND CONCRETE MIXTURE MARKET 2020-2029 ($MN)

Graph 39        NEW ZELAND CONCRETE PUMP TRUCKS 2020-2029 (UNIT SALES)

Graph 40         NEW ZELAND CONCRETE PUMP TRUCKS 2020-2029 ($MN)

Graph 41         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN CONSTRUCTION, 2020–2029 (UNIT SALES)

Graph 42         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN CONSTRUCTION, 2020–2029 ($ MN)

Graph 43         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN MANUFACTURING, 2020–2029 (UNIT SALES)

Graph 44         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN MANUFACTURING, 2020–2029 ($ MN)

Graph 45         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN MINING, 2020–2029 (UNIT SALES)

Graph 46         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN MINING, 2020–2029 ($ MN)

Graph 47         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN OTHERS, 2020–2029 (UNIT SALES)

Graph 48         NEW ZELAND CONSTRUCTION EQUIPMENT MARKET IN OTHERS, 2020–2029 ($ MN)

Graph 49         MARKET SHARE OF TOP VENDORS VS OTHERS (2021)

Graph 50         CATERPILLAR: SALES BY REGION IN 2022(% SHARE)

Graph 51         CATERPILLAR: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)

Graph 52         KOMATSU: SALES BY REGION IN 2022(% SHARE)

Graph 53         KOMATSU: BREAKDOWN OF NET SALES BY BUSINESS SEGMENT 2022 (% SHARE)

Graph 54         LIEBHERR: SALES BY REGION 2022 (% SHARE)

Graph 55         LIEBHERR: SALES BY PRODUCT SEGMENT 2022 (% SHARE)

Graph 56         VOLVO: NET SALES BY REGION 2022 (% SHARE)

Graph 57         VOLVO: NET SALES BY SEGMENT 2022(% SHARE)

Graph 58         HITACHI: NET SALES BY REGION 2022 %(SHARE)

Graph 59         HITACHI: NET SALES BY SEGMENT 2022 %(SHARE)

 

List of Tables

Table 1     KEY INFRASTRUCTURE PROJECTS IN NEW ZEALAND

Table 2     TOTAL INCREMENTAL OPPORTUNITY, 2022–2029 (BY TYPE)

Table 3     TOTAL INCREMENTAL OPPORTUNITY, 2022–2029 (BY END-USER)

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