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Construction Equipment Attachments Market Share

Report ID: GMI6250
Published Date: Aug 2024
Report Format: PDF

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Construction Equipment Attachments Market Share

Caterpillar Inc., Komatsu Ltd., and John Deere held a significant market share of over 26% in 2023. Caterpillar Inc. prioritizes sustainability and technology integration in its construction equipment attachments. The company actively promotes electrification, hybrid technologies, and advanced telematics. These initiatives aim to boost machine efficiency, reduce emissions, and enhance real-time monitoring and predictive maintenance.

Komatsu Ltd. spearheads the adoption of smart construction solutions and eco-friendly technologies. Their approach involves creating bio-diesel-compatible equipment, integrating 3D grade control systems, and increasing automation in construction machinery. These efforts are designed to elevate efficiency and improve safety, and environmental sustainability.

John Deere's strategic focus revolves around smart technologies, amplified by their Smart Grade system, which ensures precise machine control and increased efficiency. In addition, the company prioritizes developing attachments with factory-installed calibrated systems to boost productivity and operator comfort. Furthermore, John Deere underscores its commitment to sustainability through the deployment of low-emission equipment.

Construction Equipment Attachments Market Companies

Major players operating in the construction equipment attachment industry are:

Caterpillar Inc.
Komatsu Ltd.
John Deere
Hitachi Construction Machinery Co., Ltd.
Kubota Corporation
Doosan Bobcat.
Sany Group
Liebherr Group
JCB
Terex Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction equipment attachments was worth about USD 6.6 billion in 2023 and is anticipated to register over 4.6% CAGR between 2024 and 2032, due to increasing awareness about construction equipment performance and efficiency.

The aftermarket segment in the construction equipment attachments market held 55% revenue share in 2023 as it offers a diverse array of replacement parts and more budget-friendly than acquiring new attachments or OEM parts.

Asia Pacific construction equipment attachments market accounted for 35% revenue share in 2023 due to urbanization and heavy infrastructure investments.

Caterpillar Inc., Komatsu Ltd., John Deere, Hitachi Construction Machinery Co., Ltd., Kubota Corporation, Doosan Bobcat., Sany Group, Liebherr Group, JCB, and Terex Corporation.