The Insight Partners published latest research study on "Construction Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Equipment Type (Heavy Construction Vehicles, Earthmoving Equipment, Material Handling Equipment, and Others) and Application (Residential, Commercial, and Industrial)", the global construction equipment market size is expected to grow from $126.06 Billion in 2022 to $223.45 Billion by 2028; it is estimated to grow at a CAGR of 10.0% from 2022 to 2028.

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Construction Equipment Market Report Scope & Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 126.06 Billion in 2022

Market Size Value by

US$ 223.45 Billion by 2028

Growth rate

CAGR of 10.0% from 2022 to 2028.

Forecast Period

2022-2028

Base Year

2022

No. of Pages

157

No. Tables

61

No. of Charts & Figures

74

Historical data available

Yes

Segments covered

Equipment Type and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Construction Equipment Market: Competitive Landscape and Key Developments

Caterpillar Inc.; CNH Industrial N.V.; Hitachi Construction Machinery Co., Ltd; J C Bamford Excavators Ltd.; Deere & Company; Komatsu Ltd.; Liebherr-International Deutschland GmbH; Terex Corporation; Volvo CE; and Zoomlion Heavy Industry Science and Technology Co., Ltd. are among the key players profiled during the study. In addition, several other essential market players were also studied and analyzed to get a holistic view of the global construction equipment market and its ecosystem.

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In March 2022, Caterpillar Inc. announced that its worldwide headquarters will be relocated from Deerfield, Illinois to the company's existing facility in Irving, Texas. The company will begin transitioning its headquarters to Irving in 2022.

In February 2021, Proterra Inc. and Komatsu Ltd. announced a new collaboration to use Proterra's battery technology to electrify next-generation underground mining equipment. Proterra will offer Komatsu with its H Series battery system technology to build battery-electric LHDs, drills, and bolters for underground hard rock mining.