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Heavy Machinery

Advent of advanced technologies such as IoT, telematics, AI & machine learning (ML) has transformed the heavy machinery sector. The industry comprises crawler tractors, skidders, excavators, aerial lifts, generators & light towers, concrete saws, large towable air compressors, backhoes, motor graders, earth compactors & rollers, bulldozers, wheel loaders, trenchers, and skid-steer loaders. Some of the factors considered while choosing heavy equipment are equipment quality, safety, and material. The traditional and smart machines are found widely across industries such as construction, industrial, agricultural, mining, manufacturing, and others.

Manufacturers in the industry continue to deliver equipment integrated with next-generation technologies to reduce human errors, operational time, and cost. As customers and governments move towards sustainable products & business practices, the manufacturers need to realign their operations and machinery design towards reuse of resources, reduction of waste, and eco-friendly power options. Companies in the industry need to expand and change the portfolio in response to the regulatory changes related to emissions & safety and sustainability.

Drivers:

  • End-use companies are focusing on educating operators with better tools including simulation software to reduce worksite accidents
  • Governments are introducing strict safety & emission regulations including acoustic cabin levels, noise levels, rollovers, and vibration levels
  • Rising integration of advanced technologies such as IoT & telematics into heavy equipment
  • Moving forward into 2023 and beyond, manufacturers will focus on two key factors: operability and user comfort. Operability includes access to spare parts, uptime performance, and fuel consumption. User comfort addresses parameters around the cabin including interior & exterior noise and seats.
  • Regional or local OEMs have advantages in terms of working with domestic clients and catering to customization requirements

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Published: November 2024   

Construction Equipment Rental Market175 Pages

The global construction equipment rental market was valued at USD 147.4 billion in 2024 and is estimated to register a CAGR of 6.2% between 2025 and 2034. ...

Published: November 2024   

Mining Equipment Market175 Pages

The global mining equipment market size was valued at USD 83.7 billion in 2024 and is estimated to register a CAGR of 5.2% between 2025 and 2034. ...

Published: November 2024   

Crawler Crane Market170 Pages

The global crawler crane market was valued at USD 3 billion in 2024 and is projected to grow at a CAGR of 5.2% between 2025 and 2034. ...

Published: August 2024   

Sand Blasting Machine Market140 Pages

Sand Blasting Machine Market was valued at around USD 586 million in 2023 and is estimated to register a CAGR of around 3.8% between 2024 and 2032. ...

Published: August 2024   

Electric Dump Truck Market150 Pages

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Published: August 2024   

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Construction Equipment Attachments Market was valued at USD 6.6 billion in 2023 and is estimated to register a CAGR of over 4.6% between 2024 and 2032. ...

Published: June 2024   

Industrial Machinery Market300 Pages

Industrial Machinery Market was valued at USD 693.7 billion in 2023 and is anticipated to register a CAGR of 7.5% between 2024 and 2032...

Published: June 2024   

Cranes Rental Market260 Pages

Cranes Rental Market size was valued at USD 14.9 billion in 2023 and is estimated to register a CAGR of over 9% between 2024 and 2032. ...

Published: May 2024   

Positive Displacement Blowers Market340 Pages

Positive Displacement Blowers Market was valued at around USD 2.85 billion in 2023 and is anticipated to register a CAGR of 4.6% between 2024 to 2032....

Published: May 2024   

High Speed Blowers Market370 Pages

High Speed Blowers Market was valued at USD 872.1 million in 2023 and is anticipated to register a CAGR of over 4.4% from 2024 to 2032....

Published: May 2024   

Bucket Trucks Market350 Pages

Bucket Trucks Market was valued at USD 1.5 billion in 2023 and is estimated to register a CAGR of over 7.5% between 2024 and 2032. ...

Published: May 2024   

Scissor Lift Market280 Pages

Scissor Lift Market was valued at USD 2.3 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 & 2032. ...

Published: May 2024   

Gantry Crane Market260 Pages

Gantry Crane Market was valued at USD 1.6 billion in 2023 and is estimated to register a CAGR of over 4% between 2024 and 2032. A...

Published: May 2024   

Hook Lifts and Skip Loaders Market255 Pages

Hook Lifts and Skip Loaders Market was valued at USD 2.9 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 and 2032....

Published: April 2024   

Dump Trucks Market240 Pages

Dump Trucks Market size was valued at USD 19.2 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032. ...

Published: April 2024   

Agriculture Equipment Market288 Pages

Agriculture Equipment Market was valued at USD 155.7 billion in 2023 and is estimated to register a CAGR of 5.5% between 2024 and 2032. ...

Published: April 2024   

Construction Equipment Market265 Pages

Construction Equipment Market was valued at USD 171.1 billion in 2023 and is estimated to exhibit 6% CAGR between 2024 and 2032...

Published: March 2024   

Regenerative Blower Market138 Pages

Regenerative Blower Market was valued at USD 1 billion in 2023 and is estimated to register a CAGR of over 4.7% between 2024 & 2032....

Published: January 2024   

Forklift Market300 Pages

Forklift Market was valued at USD 81 billion in 2023 and is projected to witness more than 6.5% CAGR from 2024 to 2032....

Published: January 2024   

Crane Market250 Pages

Crane Market size was valued at USD 26.3 billion in 2023 and is estimated to register a CAGR of 6.9% between 2024 and 2032. ...

Published: January 2024   

Material Handling Equipment Market400 Pages

Material Handling Equipment Market size was valued at USD 168 billion in 2023 and is estimated to register a CAGR of over 5.5% between 2024 and 2032. ...

Published: November 2023   

Excavator Market200 Pages

Excavator Market was valued at USD 44.6 billion in 2022 and is estimated to register over 4.5% CAGR between 2023 and 2032. ...

Published: September 2023   

Aerial Work Platform (AWP) Market200 Pages

Aerial Work Platform Market size was valued at USD 9.3 billion in 2022 and is estimated to register a CAGR of 10.2% between 2023 and 2032. ...

Published: September 2023   

Borehole Equipment Market300 Pages

Borehole Equipment Market size was valued at USD 15.2 billion in 2022 and is estimated to register a CAGR of over 4.5% between 2023 and 2032. ...

Published: August 2023   

Soil Compaction Equipment Market200 Pages

Soil Compaction Equipment Market size was valued at USD 3.6 billion in 2022 and is estimated to register a CAGR of over 4% between 2023 and 2032, driven by the continuous expansion of infrastructure projects globally. ...

Published: August 2023   

Telehandler Market245 Pages

Telehandler Market size is poised to witness more than 11% CAGR from 2023 to 2032. ...

Published: August 2023   

Earthmoving Equipment Market160 Pages

Earthmoving Equipment Market size is set to record more than 3% CAGR from 2023 to 2032. ...

Published: August 2023   

Truck Loader Crane Market345 Pages

Truck Loader Crane Market size is predicted to record more than 8% CAGR from 2023 to 2032, driven by the increasing demand for efficient and versatile material handling equipment across various industries. ...

Published: August 2023   

Asia Pacific Construction Equipment Market400 Pages

Asia Pacific Construction Equipment Market size is anticipated to record 5% CAGR between 2023 to 2032, driven by the ongoing construction & infrastructure transformation activities across some major countries in the region....

Published: August 2023   

Used Construction Equipment Market200 Pages

Used Construction Equipment Market size is predicted to expand at over 5.8% CAGR from 2023 and 2032. ...

Published: August 2023   

Stone Crushing Equipment Market130 Pages

Stone Crushing Equipment Market size is set to record more than 8% growth rate from 2023 to 2032....

Published: August 2023   

Conveying Equipment Market200 Pages

Conveying Equipment Market size is anticipated to grow at a CAGR of over 5% CAGR between 2023 and 2032, owing to the strong global outlook on automotive production....

Published: July 2023   

Forestry Equipment Market360 Pages

Forestry Equipment Market size is anticipated to grow at a CAGR of over 4.7% from 2023 to 2032. ...

Published: July 2023   

Bearing Steel Market170 Pages

Bearing Steel Market size was valued at around USD 5.9 Billion in 2022 and is anticipated to grow at a CAGR of over 3.2% between 2023 and 2032. ...

Published: June 2023   

Stiffleg Crane Market350 Pages

Stiffleg Crane Market size was valued at USD 506.5 million in 2022 and is anticipated to grow at over 5% CAGR from 2023 to 2032 driven by the rising investments in mining projects across North America. ...

Published: June 2023   

Electric Crawler Crane Market250 Pages

Electric Crawler Crane Market was valued at USD 178.6 million in 2022 and is anticipated to register 10.5% CAGR from 2023 to 2032. ...

Published: March 2023   

Offshore Crane Market150 Pages

Offshore Crane Market size surpassed a valuation of USD 2 billion in 2022 and is anticipated to register 4% CAGR from 2023 to 2032 ...

Published: October 2022   

Tower Crane Market300 Pages

Tower Crane Market size surpassed USD 4 billion in 2021 and is projected to exhibit around 5% CAGR from 2022 to 2030....

Published: August 2022   

Harvester Market200 Pages

Harvester Market was valued at USD 36.6 billion in 2023 and is estimated to register a CAGR of 6.9% between 2024 and 2032. ...

Published: July 2022   

Cold Milling Machine Market230 Pages

Cold Milling Machine Market size valued at USD 2 billion in 2021 and is expected to grow at over 4.5% CAGR from 2022 to 2030....

Published: April 2022   

Electric Off-Highway Equipment Market180 Pages

Electric Off-Highway Equipment Market size surpassed USD 1.5 billion in 2021 and is anticipated to grow at over 15% CAGR between 2022 and 2028....

Published: March 2022   

Construction Site Preparation Equipment Market150 Pages

Construction Site Preparation Equipment Market size surpassed USD 900 million in 2021 and is expected to grow at over 6.5% CAGR between 2022 and 2028....

Published: February 2022   

Surface Levelling Equipment Market220 Pages

Surface Levelling Equipment Market size exceeded USD 250 million in 2021 and is expected to grow at over 6.5% CAGR between 2022 and 2028. ...

Published: August 2021   

Mobile Crane Market200 Pages

Mobile Crane Market size exceeded USD 15 billion in 2020 and is estimated to grow at over 5% CAGR between 2021 and 2030. ...

Published: May 2020   

(AWP) Aerial Work Platform Rental Market219 Pages

AWP Rental Market size was over USD 17.5 billion globally in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. ...

Published: August 2019   

Boom Trucks Market180 Pages

Boom Trucks (Bucket Trucks) Market size was valued at over USD 2 billion in 2018 and is expected to grow at over 5.5% CAGR from 2019 to 2025. ...

Published: May 2019   

South Korea Aerial Work Platform (AWP) Rental Market94 Pages

South Korea Aerial Work Platform Rental Market size was valued at approximately USD 300 million in 2018 and will grow at a CAGR of 3% from 2019 to 2025....

Published: April 2018   

Southern Africa Construction Equipment Rental Market207 Pages

Southern Africa Construction Equipment Rental Market size was valued at around USD 3 billion in 2017 and will grow at CAGR of over 3% from 2018 to 2024....

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