U.S. CONSTRUCTION EQUIPMENT MARKET SIZE WILL BE VALUED AT USD 32.68 BILLION AND TO REACH A VOLUME OF 1,91,836 UNITS BY 2027, GROWING AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 6.23% BY VOLUME DURING 2021-2027

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

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Most Exhaustive Report

80 Pages

10 Tables

57 Charts

1 Regions

1 Countries

18 Companies

2 Market Segment

U.S. CONSTRUCTION EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (VALUE) USD 32.68 BILLION (2027)
MARKET SIZE (VOLUME) 1,91,836 UNITS (2027)
CAGR (VOLUME) 6.23% (2021-2027)
BASE YEAR 2020
HISTORIC YEAR 2018-2019
FORECAST YEAR 2021-2027
EXCAVATOR TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, Other Earth Moving Equipment), Road Construction Equipment (Asphalt Paver and Road Roller), and Material Handling Equipment (Crane, Forklift and Telescopic Handler, and Aerial Platforms).
APPLICATION Construction, Manufacturing, Mining, and Others.
KEY VENDORS Caterpillar, Komatsu, Hitachi, Volvo, Terex Corporation, Liebherr, John Deere, SANY Group, Hyundai Heavy Industries, Kobelco Construction Machinery.

U.S. CONSTRUCTION EQUIPMENT MARKET INSIGHTS

  • The demand for construction equipment is strong in the US primarily due to the government's significant support for technologically advanced equipment in manufacturing, energy, and power, transportation, hybrid vehicles, and other industries.
  • The use of prefabricated units in the construction of buildings is likely to boost the construction equipment market.
  • The construction equipment market is expected to fuel due to the high demand for electric vehicles.
  • Growth in arms exports from the US is expected to boost the construction equipment market.

U.S. CONSTRUCTION EQUIPMENT MARKET – SEGMENTATION ANALYSIS

  • Due to the US government's increase in construction spending, equipment used in the construction industry accounted for the largest market share of nearly 50% in 2020.
  • Demand for earthmoving equipment in the US is increasing rapidly due to several infrastructure projects introduced by the US government, such as Airport Development Projects. Its excavation feature carries large amounts of weight.
  • Growing investments in building and civil engineering are driving the need for the excavator market in the US, as these are the ideal machinery for construction projects because of their bulky structure and are used for digging, lifting large objects, landscaping, demolition.
  • The US government considers the renovation of bridges and roads to improve the supply chain. This is likely to boost the motor grader as they are mainly used in road construction to finish grades.

KEY HIGHLIGHTS FROM THE REPORT

  • The construction equipment market in the US is expected to show an incremental growth of 67,228 units between 2020 and 2027.
  • By switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.
  • The construction equipment market is booming in the US. Although end-users still buy most construction equipment, an increasing proportion are being bought by construction equipment companies from domestic players in the US.

VENDOR LANDSCAPE

  • The construction equipment market is consolidated, with Caterpillar the leader, followed by John Deere and Komatsu.
  • Hitachi Construction Machinery dissolves joint venture John Deere outlines a bold vision for HCMA in the Americas. Hitachi ZW180-6 Wheel Loader Presented 2020 Top 100 New Products Award by Construction Equipment Magazine.
  • KOBELCO excavators are known for their advanced technologies, innovative noise, and dust reduction system, and honored and won the best Equipment Watch award for the lowest cost of ownership.

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)
  • Excavator Type
  • Application
  • Value (USD)
  • Excavator Type
  • Application
  • Gain competitive intelligence about the economic scenario, advantages in the United States, major projects and investments, market dynamics, and market share
  • Examples of 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 United States construction equipment market share.
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market.
  • Company Profile of 15 significant vendors

KEY VENDORS

Key Vendors: Caterpillar, Komatsu, Hitachi, Volvo, Terex Corporation, Liebherr, John Deere, SANY Group, Hyundai Heavy Industries, Kobelco Construction Machinery.

Other Prominent Vendors: Manitowoc, JLG Industries, Kubota Corporation, ASTEC Industries, Bobcat.

Distributor Profiles: M&B Construction Equipment, Lulich Implement, Lindstrom Equipment.

Frequently Asked Questions

United States construction equipment market size will be valued at USD 32.681 billion and to reach a volume of 1,91,836 units by 2027 at a growth rate of 6.23%.
The demand for electric vehicles and the use of prefabricated units in construction are the latest trends impacting the growth of the construction equipment market in the U.S.
Caterpillar, Komatsu, Hitachi, Volvo, Terex Corporation, Liebherr, John Deere, SANY Group, Hyundai Heavy Industries, Kobelco Construction Machinery.
Initiative towards the earthmoving segment of construction equipment accounted for the largest market share in the US construction equipment industry.
Construction, manufacturing, mining, and others are the applications in the U.S. construction equipment market.
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The reopening of manufacturing plants after COVID-19 and building more manufacturing plants to reduce the growth of unemployment going to be driving factors for the demand of construction equipment market by manufacturing. The construction sector at various levels under private, state, and federal governments are all expected to boom away with double-digit growth at least through 2022 and 2023 due to the increase in arms exports from the United States to boost the construction equipment market.

Base Year: 2020

Forecast Year: 2021-2027

Scope: The report considers the present scenario of the United States construction equipment market and its 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 construction equipment market.

Major Vendors

  • Caterpillar
  • Komatsu
  • Hitachi
  • Volvo
  • Terex Corporation
  • Liebherr
  • John Deere
  • SANY Group
  • Hyundai Heavy Industries
  • Kobelco Construction Machinery.

Other Prominent Vendors

  • Manitowoc
  • JLG Industries
  • Kubota Corporation
  • ASTEC Industries
  • Bobcat

Distributor Profiles

  • M&B Construction Equipment
  • Lulich Implement
  • Lindstrom Equipment

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 and Telescopic Handler
    • Aerial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissors Lifts, etc.)

Market Segmentation by Application

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 – Introduction

  • Market Snapshot
  • Executive Summary

Section 2 – Market Overview

  • Current Economic Scenario, Foreign Direct Investment, Competitive Advantages Enjoyed by US, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

Section 3 - Technological Development

  • Advent of New Technology

Section 4 - Market Dynamics

  • Market Drivers, Restraints, & Trends

Section 5 – US Construction Equipment (Type & Application)

5.1 US Construction Equipment Market by Type (Volume & Value)

5.1.1. Earthmoving Equipment

  1. Excavator
  2. Backhoe Loader
  3. Motor Grader
  4. Other Earthmoving 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 US 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. Company Profile of Major Vendors (Caterpillar, Komatsu, Hitachi Construction Machinery, Volvo Construction Equipment, Terex Corporation, Liebherr, Deere & Company, SANY America, Hyundai Construction Equipment Americas, Kobelco Construction Machinery U.S.A)
  3. Other Prominent Vendors
  4. Distributors Profile

Section 7 – Report Summary

  1. Key Insights

Section 8 – Report Scope & Definition

  1. Research Methodology
  2. Research Objective
  3. Market Definition, Inclusion & Exclusion

Exhibit 1             US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)

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

Exhibit 3             US Construction Equipment Market By Volume, 2018–2027 (Unit Sales)

Exhibit 4             US Construction Equipment Market By Value, 2018–2027 ($ MN)

Exhibit 5             US Construction Equipment Market by Application, 2020 (%)

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

Exhibit 7             US GDP, 2015–2020 ($ TN)

Exhibit 8             Export Value of Construction Equipment, 2019 ($ MN)

Exhibit 9             Import Value of Construction Equipment, 2019 ($ MN)

Exhibit 10           US Construction Spending, 2015–2020 ($ BN)

Exhibit 11           Global Share of Major Arms Exporters, 2016–2020 (%)

Exhibit 12           Aluminum Consumption by End-use Industries in US, 2020 (% share)

Exhibit 13           US Construction Equipment Market by Type, 2018-2027 (Unit Sales)

Exhibit 14           US Construction Equipment Market by Type, 2020 (Volume Share %)

Exhibit 15           US Construction Equipment by Application, 2018-2027 (Unit sales)

Exhibit 16           US Earth Moving Equipment Market, 2018–2027 (Unit Sales)

Exhibit 17           US Earth Moving Equipment Market, 2018–2027 ($ MN)

Exhibit 18           US Excavator Market, 2018–2027 (Unit Sales)

Exhibit 19           US Excavator Market, 2018–2027 ($ MN)

Exhibit 20           US Backhoe Loader Market, 2018–2027 (Unit Sales)

Exhibit 21           US Backhoe Loder Market, 2018–2027 ($ MN)

Exhibit 22           US Motor Grader Market, 2018–2027 (Unit Sales)

Exhibit 23           US Motor Grader Market, 2018–2027 ($ MN)

Exhibit 24           US Other Earthmoving Equipment Market, 2018–2027 (Unit Sales)

Exhibit 25           US Other Earthmoving Equipment Market, 2018–2027 ($ MN)

Exhibit 26           US Road Construction Equipment Market, 2018–2027 (Unit Sales)

Exhibit 27           US Road Construction Equipment Market, 2018–2027 ($ MN)

Exhibit 28           US Asphalt Paver Market, 2018-2027 (Unit Sales)

Exhibit 29           US Asphalt Paver Market, 2018-2027 ($ MN)

Exhibit 30           US Road Roller Market, 2018-2027 (Unit Sales)

Exhibit 31           US Road Roller Market, 2018-2027 ($ MN)

Exhibit 32           US Material Handling Equipment Market, 2018-2027 (Unit Sales)

Exhibit 33           US Material Handling Equipment Market, 2018-2027 ($ MN)

Exhibit 34           US Crane Market, 2018-2027 (Unit Sales)

Exhibit 35           US Crane Market, 2018-2027 ($ MN)

Exhibit 36           US Forklift & Telescopic Handler Market, 2018-2027 (Unit Sales)

Exhibit 37           US Forklift & Telescopic Handler Market, 2018-2027 ($ MN)

Exhibit 38           US Aerial Platform Market, 2018-2027 (Unit Sales)

Exhibit 39           US Aerial Platform Market, 2018-2027 ($ MN)

Exhibit 40           US Construction Spending, 2015–2020 ($ MN)

Exhibit 41           US Construction Equipment Market By Construction 2018–2027 (Unit Sales)

Exhibit 42           US Construction Equipment Market By Construction 2018–2027 ($ MN)

Exhibit 43           US Construction Equipment Market By Mining, 2018–2027 (Unit Sales)

Exhibit 44           US Construction Equipment Market By Mining, 2018–2027 ($ MN)

Exhibit 45           US Construction Equipment Market By Manufacturing, 2018–2027 (Unit Sales)

Exhibit 46           US Construction Equipment Market By Manufacturing 2018–2027 ($ MN)

Exhibit 47           US Construction Equipment Market By Others, 2018–2027 (Unit Sales)

Exhibit 48           US Construction Equipment Market By Others, 2018–2027 ($ MN)

Exhibit 49           Caterpillar, Total Revenue, 2020 ($ BN)

Exhibit 50           Caterpillar, Sales By Region, 2020 ($ BN)

Exhibit 51           Komatsu, Consolidated Net Sales, 2018–2020 ($ BN)

Exhibit 52           Komatsu, Breakdown of Net Sales by Segment, 2020 ($ BN)

Exhibit 53           Hitachi, Y-o-Y Revenue March 2020–2021 ($ BN)

Exhibit 54           Volvo, Share of Net Sales By Market, 2020 (% share)

Exhibit 55           Liebherr, Turnover by Region, 2020 ($ MN)

Exhibit 56           Manitowoc, Sales by Region, 2020 (%)

Exhibit 57           Manitowoc, New product Introduction, 2016-2020

LIST OF TABLES

Table 1         Investment Type, 2018-2020

Table 2         Top Sectors Drawing Investments, 2019 (%)

Table 3         Top Investing Countries, 2019 (%)

Table 4          Foreign Direct Investment: Net Inflow (% of GDP), 2015-2019

Table 5          Mineral Prices Drop: March & April 2020

Table 6          Infrastructure Bill Allocations by States ($ BN)

Table 7          Top 5 Importers of Military Weapons from the US (2019)

Table 8          Types of Construction Equipment, Expected Value

Table 9          Key Insights

Table 10        Abbreviations

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