建設重機市場 – 2030年までの世界予測

Heavy Construction Equipment Market - Global Forecast To 2030

商品番号 : SMB-42902

出版社MarketsandMarkets
出版年月2025年4月
ページ数352
図表数510
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

建設重機市場 – 機械の種類(土木機械、資材搬送機械、建設重機)、推進力の種類(ディーゼル、CNG/LNG/RNG、電気)、エンジン容量、最終用途産業、地域別 – 2030年までの世界予測
Heavy Construction Equipment Market by Machinery Type (Earthmoving equipment, Material Handling Equipment, Heavy Construction Vehicles), Propulsion Type (Diesel, CNG/LNG/RNG, Electric), Engine Capacity, End-Use Industry, & Region – Global Forecast to 2030

Report Overview

The heavy construction equipment market is estimated at USD 224.49 Billion in 2025 and is projected to reach USD 286.51 Billion by 2030, at a CAGR of 5.0% from 2025 to 2030. One of the key factors anticipated to propel the growth of the heavy construction equipment market is the rising demand for such equipment in the mining and construction sectors.

建設重機市場は2025年に2,244.9億米ドルに達すると推定され、2025年から2030年にかけて5.0%のCAGRで成長し、2030年には2,865.1億米ドルに達すると予測されています。重機市場の成長を促進すると予想される主な要因の1つは、鉱業および建設部門におけるそのような機器の需要の高まりです。

建設重機市場 - 2030年までの世界予測
heavy-construction-equipment-market-Overview

‘‘increasing investments in construction and infrastructure sectors to drive the heavy construction equipment market.’’

The growing investments in construction activities are driving up demand for heavy construction equipment. Beijing, China, for example, is making 6.8 trillion yuan (about $1 trillion USD) in government cash available for building projects. Canal, dam, and reservoir building was expected to cost about 800 billion yuan (USD 115.96 million) in 2022. Additionally, the majority of China’s infrastructure investment is allocated to local governments, who most frequently choose to spend on urban infrastructure development, which includes parks, gas and water pipe networks, and urban highways. Additionally, by 2035, China intends to construct 70,000 kilometers of high-speed rail.

The European Union declared in June 2022 that it will invest over USD 5.4 billion in the construction of transportation infrastructure. About 135 infrastructure projects have been chosen by the EU to receive development funding. The National Infrastructure Pipeline is expected to receive about USD 645.7 billion and 700 projects, according to the UK Construction Leadership Council. The demand for construction equipment is anticipated to be driven during the forecast period by such planned investments and expanding construction activity for infrastructure development.

“Stringent government regulations  to restrain for heavy construction equipment market.”

Government laws particular to a certain region are one of the biggest challenges heavy construction equipment manufacturers confront. A corporation must go through a drawn-out and difficult procedure of getting a permit after completing several necessary checks before beginning significant construction.

For instance, appropriate baseline data is gathered to accurately represent the environmental status of the area because the construction industry employs more diesel engines than any other business in order to comply with EU emissions rules. Wetlands, soil, vegetation, animals, surface and groundwater hydrology, climatology, and cultural and historical resources are all the subjects of surveys. Following preparation and submission to the regulatory body, the permit undergoes technical and completeness evaluations..

Companies are required to adhere to the following Acts/Regulations to perform heavy construction activities:

  • National Environmental Policy Act (1970)
  • Federal Land Policy and Management Act (1976)
  • Clean Air Act (1963)
  • Federal Water Pollution Control Act (1972)
  • Toxic Substance Control Act (1976)

Such lengthy, time-consuming, and often varying regulations act as a restraint to the heavy construction equipment market.

“Digitization of services to provide an opportunity for the heavy construction equipment market.”

The construction equipment business has a plethora of opportunities to adopt new construction methods, cutting-edge technologies, and digitization. It is possible to employ and deploy new technologies on construction sites around the world, including telematics, smart applications, connected tools and equipment, and autonomous heavy machinery.

Manufacturers of construction equipment use data to reduce hazards, boost productivity, enhance job site safety, and make smarter decisions. In order to monitor the health of construction equipment, predictive analytics solutions are developed using artificial intelligence (AI) and machine learning systems. Hitachi Construction Machinery Co., Ltd. introduced the ConSite Mine, a machine analytics solution that uses the Internet of Things to remotely monitor mining equipment around-the-clock, to the world market in January 2022.

“Development of alternative solutions to be a major challenge for heavy construction equipment market.”

The two most basic components of electric heavy construction equipment are the battery and the motor. The battery stores and provides the energy, while the motor generates the force. One of the difficulties faced by producers of heavy construction equipment is managing the motor’s speed and torque under a variety of load and speed settings. A battery’s capacity must be maximized in order to make the most efficient use of its limited amount of stored energy. Increasing the battery’s size would help it hold more power, but it also makes the heavy construction equipment heavier and more expensive.

Since batteries in electric-powered heavy-duty construction equipment require a long time to recharge, battery charging is one of the main problems. This delays the return on investment and lengthens downtime. In addition, battery thermal management systems have to deal with aging, climate, corrosion, leakage, and clogging. To address this issue, producers of heavy construction equipment and technological specialists are creating sophisticated battery thermal management systems.

建設重機市場 - 2030年までの世界予測 region
heavy-construction-equipment-market-Region

“Asia Pacific to be the dominating region in heavy construction equipment market in terms of both value”

Asia Pacific led the heavy construction equipment market, in terms of value, in 2024 and is projected to register a CAGR of 5.2% between 2025 and 2030. The region’s growing mining and infrastructure projects, particularly in China and India, are responsible for this high market penetration. These nations’ governments are encouraging infrastructure development in an effort to boost their economies and draw in fresh foreign investment. The governments of these two nations are aggressively searching for suitable lithium mines both inside and outside the nation for battery manufacture in response to the growing demand for raw materials worldwide and to protect their energy interests. These will encourage the region to use heavy construction equipment more frequently.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
  • By Designation- C Level- 33%, Director Level- 33%, and Managers- 34%
  • By Region- North America- 20%, Europe- 25%, Asia Pacific- 25%, Middle East & Africa- 15%, and Latin America- 15%

The report provides a comprehensive analysis of company profiles:

Prominent companies Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), among others.

建設重機市場 - 2030年までの世界予測 ecosystem
heavy-construction-equipment-market-Ecosystem

Research Coverage

This report covers the global heavy construction equipment market and forecasts the market size until 2030. It includes the following market segmentation – By Machinery Type (Earthmoving equipment, Material Handling Equipment, Heavy Construction Vehicles, Others), By Propulsion Type (Diesel, CNG/LNG/RNG, Electric), By Engine Capacity (<5 L, 5-10 L, >10 L), by Power Output (<100 HP, 101-200 HP, 201-400 HP, >400 HP), By application (Material Handling, Transportation, Excavation & Demolition, Heavy Lifting, Tunneling, Recycling & Waste Management), By End-Use Industry (Mining, Infrastructure, Building & Construction, Forestry & Agriculture, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America). The scope of the report includes detailed information about the major factors influencing the growth of the hydrogen tanks market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the hydrogen tanks market are all covered. This report includes a competitive analysis of upcoming startups in the hydrogen tanks market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hydrogen tanks market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing investments in construction and infrastructure sector, Rapid urbanization and population growth, Technological advancements and upgradation, government investments and supportive policies for sustainable solutions), restraints (Substantial capital investment, socio-economic effects of heavy construction activities), opportunities (Demand for autonomous heavy construction equipment, Electrification and Digitization of equipment, renting or leasing of equipment), and challenges (Development of alternative optimized solutions, lack of skilled labor force and maintenance and repair related issues) influencing the growth of the hydrogen tanks market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the heavy construction equipment market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the hydrogen tanks market across varied regions.
  • Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the hydrogen tanks market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Caterpillar (US), Liebherr AG (Germany), Terex Corporation (US), Volvo Group (Sweden), Komatsu (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), SANY Heavy Industry Co., Ltd. (China), HD Hyundai (South Korea), XCMG Group (China), CNH Industrial N.V. (UK), and J C Bamford Excavators Ltd (UK), among others in the heavy construction equipment market.

Table of Contents

1               INTRODUCTION              35

1.1           STUDY OBJECTIVES       35

1.2           MARKET DEFINITION   35

1.3           STUDY SCOPE   36

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      36

1.3.2        INCLUSIONS AND EXCLUSIONS 37

1.3.3        YEARS CONSIDERED      38

1.4           CURRENCY CONSIDERED            38

1.5           UNIT CONSIDERED        38

1.6           STAKEHOLDERS               38

1.7           SUMMARY OF CHANGES               39

2               RESEARCH METHODOLOGY       40

2.1           RESEARCH DATA              40

2.1.1        SECONDARY DATA          41

2.1.1.1    Key data from secondary sources       41

2.1.1.2    Key data from secondary sources       41

2.1.2        PRIMARY DATA 42

2.1.2.1    Key data from primary sources           42

2.1.2.2    Key primary participants     42

2.1.2.3    Breakdown of primary interviews      43

2.1.2.4    Key industry insights           43

2.2           MARKET SIZE ESTIMATION         43

2.2.1        BOTTOM-UP APPROACH              44

2.2.2        TOP-DOWN APPROACH                44

2.3           BASE NUMBER CALCULATION   45

2.3.1        APPROACH 1: SUPPLY-SIDE ANALYSIS   45

2.3.2        APPROACH 2: DEMAND-SIDE ANALYSIS                45

2.4           GROWTH FORECAST      46

2.4.1        SUPPLY SIDE     46

2.4.2        DEMAND SIDE  46

2.5           DATA TRIANGULATION                46

2.6           FACTOR ANALYSIS          48

2.7           RESEARCH ASSUMPTIONS           48

2.8           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 49

3               EXECUTIVE SUMMARY  50

4               PREMIUM INSIGHTS       55

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HEAVY CONSTRUCTION

EQUIPMENT MARKET    55

4.2           HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY MACHINERY TYPE           55

4.3           HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION   56

4.4           HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY PROPULSION TYPE         56

4.5           HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT              57

4.6           HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY ENGINE CAPACITY          57

4.7           HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY       58

4.8           HEAVY CONSTRUCTION EQUIPMENT MARKET, BY KEY COUNTRY            58

5               MARKET OVERVIEW       59

5.1           INTRODUCTION              59

5.2           MARKET DYNAMICS       59

5.2.1        DRIVERS               60

5.2.1.1    Increasing investments and developments in construction and infrastructure sectors           60

5.2.1.2    Rapid urbanization and population growth      61

5.2.1.3    Technological advancements and upgradation of equipment                 61

5.2.1.4    Government investments and supportive policies for sustainable solutions 61

5.2.2        RESTRAINTS      64

5.2.2.1    Substantial capital investment            64

5.2.2.2    Socio-economic effects of heavy construction activities 65

5.2.3        OPPORTUNITIES              65

5.2.3.1    Demand for autonomous heavy construction equipment                 65

5.2.3.2    Electrification and digitization of equipment  65

5.2.3.3    Renting or leasing equipment             66

5.2.4        CHALLENGES    66

5.2.4.1    Development of alternative optimized solutions             66

5.2.4.2    Lack of skilled labor force and maintenance and repair-related issues      66

5.3           PORTER’S FIVE FORCES ANALYSIS           67

5.3.1        THREAT OF NEW ENTRANTS      67

5.3.2        THREAT OF SUBSTITUTES          68

5.3.3        BARGAINING POWER OF SUPPLIERS       68

5.3.4        BARGAINING POWER OF BUYERS             68

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 68

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     69

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           69

5.4.2        BUYING CRITERIA           70

5.5           MACROECONOMICS OUTLOOK                71

5.5.1        INTRODUCTION              71

5.5.2        GDP TRENDS AND FORECAST   71

5.5.3        TRENDS IN GLOBAL BUILDING & CONSTRUCTION INDUSTRY           72

5.5.4        TRENDS IN GLOBAL INFRASTRUCTURE INDUSTRY                 73

5.5.5        TRENDS IN GLOBAL MINING INDUSTRY               74

5.6           SUPPLY CHAIN ANALYSIS             75

5.6.1        RAW MATERIAL/COMPONENT ANALYSIS             76

5.6.2        FINAL PRODUCT ANALYSIS         76

5.7           VALUE CHAIN ANALYSIS               77

5.8           ECOSYSTEM ANALYSIS  78

5.9           PRICING ANALYSIS          80

5.9.1        AVERAGE SELLING PRICE TREND OF END-USE INDUSTRIES,

BY KEY PLAYERS, 2024    80

5.9.2        AVERAGE SELLING PRICE TREND, BY MACHINERY TYPE, 2022–2025              81

5.9.3        AVERAGE SELLING PRICE TREND, BY APPLICATION, 2022–2025              82

5.9.4        AVERAGE SELLING PRICE TREND, BY REGION, 2022–2025                 83

5.10         TRADE ANALYSIS             83

5.10.1      IMPORT SCENARIO (HS CODE 843149)    84

5.10.2      EXPORT SCENARIO (HS CODE 843149)    85

5.11         TECHNOLOGY ANALYSIS             86

5.11.1      KEY TECHNOLOGIES     86

5.11.1.1  Autonomous heavy construction equipment    86

5.11.2      COMPLEMENTARY TECHNOLOGIES       86

5.11.2.1  Connected technologies      86

5.11.2.2  Grade control system           86

5.12         IMPACT OF AI/GEN AI ON HEAVY CONSTRUCTION EQUIPMENT MARKET    87

5.12.1      TOP USE CASES AND MARKET POTENTIAL          87

5.12.2      BEST PRACTICES IN HEAVY CONSTRUCTION EQUIPMENT MARKET    87

5.12.3      CASE STUDIES OF AI IMPLEMENTATION IN HEAVY CONSTRUCTION EQUIPMENT MARKET                 88

5.12.4      INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON

MARKET PLAYERS           88

5.12.5      CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN HEAVY CONSTRUCTION EQUIPMENT MARKET 88

5.13         PATENT ANALYSIS          89

5.13.1      INTRODUCTION              89

5.13.2      METHODOLOGY              89

5.13.3      DOCUMENT TYPE           89

5.13.4      INSIGHTS            90

5.13.5      LEGAL STATUS OF PATENTS      91

5.13.6      JURISDICTION ANALYSIS              91

5.13.7      TOP APPLICANTS            92

5.13.8      LIST OF PATENTS BY VOLVO GROUP     92

5.13.9      LIST OF PATENTS BY DOOSAN INFRACORE CO., LTD.                 93

5.13.10   LIST OF PATENTS BY KOREA IND TECH INST.    93

5.14         REGULATORY LANDSCAPE         94

5.14.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

5.15         KEY CONFERENCES AND EVENTS, 2024–2025        98

5.16         CASE STUDY ANALYSIS 99

5.16.1      TELENOR CONNEXION AB DEVELOPED EFFICIENT TELEMATIC SYSTEM FOR OPERATION IN REMOTE LOCATIONS                 99

5.16.2      VOLVO GROUP AND DAIMLER TRUCK PARTNERED TO CREATE HEAVY-DUTY COMMERCIAL VEHICLES                99

5.16.3      KOMATSU LAUNCHED ELECTRIC MINI EXCAVATOR IN JAPANESE MARKET         100

5.17         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            100

5.18         INVESTMENT AND FUNDING SCENARIO               101

6               HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT              102

6.1           INTRODUCTION              103

6.2           <100 HP                105

6.2.1        ROAD MAINTENANCE AND REPAIR PROJECTS TO DRIVE SEGMENT GROWTH       105

6.3           101–200 HP           106

6.3.1        LOW MAINTENANCE COST TO DRIVE MARKET 106

6.4           201–400 HP           108

6.4.1        INCREASING COMMERCIAL CONSTRUCTION PROJECTS TO DRIVE MARKET         108

6.5           >400 HP                110

6.5.1        NEW HEALTHCARE PROJECTS AND UPGRADING EXISTING FACILITIES TO DRIVE DEMAND           110

7               HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY PROPULSION TYPE         112

7.1           INTRODUCTION              113

7.2           DIESEL 114

7.2.1        INCREASED CONSTRUCTION AND MINING ACTIVITIES TO PROPEL GROWTH    114

7.3           CNG/LNG/RNG 116

7.3.1        DEMAND FOR ALTERNATIVE FUEL TO DRIVE MARKET                 116

7.4           ELECTRIC            118

7.4.1        GROWING ELECTRIFICATION AND DIGITIZATION OF EQUIPMENT TO DRIVE MARKET               118

8               HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY ENGINE CAPACITY          120

8.1           INTRODUCTION              121

8.2           <5 L        122

8.2.1        DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT TO DRIVE GROWTH        122

8.3           5–10 L    124

8.3.1        WIDE APPLICATION IN GROUND-LEVEL CONSTRUCTION TO BOOST DEMAND  124

8.4           >10 L      126

8.4.1        WIDE PREFERENCE IN LARGE INFRASTRUCTURE PROJECTS TO DRIVE MARKET   126

9               HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION   128

9.1           INTRODUCTION              129

9.2           MATERIAL HANDLING  131

9.2.1        EXTENSIVE USE IN END-USE INDUSTRIES TO DRIVE MARKET               131

9.3           TRANSPORTATION         132

9.3.1        RISING USE OF HAULERS IN BUILDING MATERIALS TO DRIVE MARKET 132

9.4           EXCAVATION & DEMOLITION   134

9.4.1        INCREASING DEMAND FOR LOW-FUEL CONSUMPTION EXCAVATORS TO DRIVE MARKET            134

9.5           HEAVY LIFTING                136

9.5.1        GROWING DEMAND FOR CRANES AND TELESCOPIC HANDLERS TO DRIVE MARKET 136

9.6           TUNNELING       137

9.6.1        INVESTMENTS IN IMPROVING ROAD AND RAIL CONNECTIVITY TO DRIVE SEGMENT     137

9.7           RECYCLING & WASTE MANAGEMENT    139

9.7.1        STRINGENT GOVERNMENT REGULATIONS TO DRIVE MARKET               139

10            HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY       141

10.1         INTRODUCTION              142

10.2         MINING                144

10.2.1      INCREASING DEMAND FOR MINERALS AND RARE EARTH METALS TO DRIVE MARKET        144

10.3         INFRASTRUCTURE          145

10.3.1      RISE IN GOVERNMENT-FUNDED INFRASTRUCTURE PROJECTS TO DRIVE MARKET   145

10.4         BUILDING & CONSTRUCTION   147

10.4.1      COMMERCIAL DEVELOPMENTS IN EMERGING ECONOMIES TO DRIVE MARKET               147

10.5         FORESTRY & AGRICULTURE       149

10.5.1      HIGH DEMAND FOR DOZERS TO DRIVE MARKET                 149

10.6         OTHER END–USE INDUSTRIES  150

11            HEAVY CONSTRUCTION MARKET, BY REGION  152

11.1         INTRODUCTION              153

11.2         ASIA PACIFIC     155

11.2.1      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE    156

11.2.2      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE  158

11.2.3      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY ENGINE CAPACITY   159

11.2.4      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY POWER OUTPUT       160

11.2.5      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY APPLICATION      161

11.2.6      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY 163

11.2.7      ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY COUNTRY              164

11.2.7.1  China      165

11.2.7.1.1                Huge government investments in mining sector to drive market    165

11.2.7.2  India       167

11.2.7.2.1                Immense opportunities for infrastructural development to drive market      167

11.2.7.3  Japan      169

11.2.7.3.1                Increasing government support for construction sector to drive market      169

11.2.7.4  Australia 171

11.2.7.4.1                Booming mining activities to drive market       171

11.2.7.5  Rest of Asia Pacific               172

11.3         EUROPE               174

11.3.1      EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY MACHINERY TYPE              176

11.3.2      EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE  177

11.3.3      EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY POWER OUTPUT 180

11.3.4      EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY APPLICATION      181

11.3.5      EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY 183

11.3.6    EUROPE:HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY     184

11.3.6.1  Germany                 185

11.3.6.1.1                Increase in demand for compact construction equipment to drive market 185

11.3.6.2  France    187

11.3.6.2.1                Rapid development of metropolitan areas to drive market    187

11.3.6.3  UK          189

11.3.6.3.1                Surge in residential construction projects to drive market    189

11.3.6.4  Russia     190

11.3.6.4.1                Increasing demand for material handling equipment to drive market          190

11.3.6.5  Rest of Europe      192

11.4         NORTH AMERICA             194

11.4.1      NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE    195

11.4.2      NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE  196

11.4.3      NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY POWER OUTPUT       199

11.4.4      NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION             200

11.4.5      NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY 202

11.4.6      NORTH AMERICA:HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY COUNTRY              203

11.4.6.1  US           204

11.4.6.1.1                Expansion of commercial construction sector to

drive market          204

11.4.6.2  Canada   206

11.4.6.2.1                Upcoming mining and infrastructural projects to

drive growth          206

11.4.6.3  Mexico   208

11.4.6.3.1                Rising investments in construction and infrastructure sectors to drive growth         208

11.5         MIDDLE EAST & AFRICA                209

11.5.1      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE    210

11.5.2      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE  211

11.5.3      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY POWER OUTPUT       213

11.5.4      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY ENGINE CAPACITY   214

11.5.5      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION             215

11.5.6      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY 217

11.5.7      MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY COUNTRY     218

11.5.7.1  GCC Countries     220

11.5.7.1.1                Qatar      220

11.5.7.1.1.1            Development and maintenance of commercial events and infrastructure projects to drive demand    220

11.5.7.1.2                Saudi Arabia          222

11.5.7.1.2.1            Vision 2030 and Infrastructure development projects to drive market          222

11.5.7.1.3                UAE        224

11.5.7.1.3.1            Investments in tourism-related projects to boost demand  224

11.5.7.1.4                Rest of GCC Countries        226

11.5.7.1.4.1            Rising investments in infrastructure sector to drive market    226

11.5.7.2  South Africa           227

11.5.7.2.1                Increase in non-residential commercial infrastructure to boost demand        227

11.5.7.3  Rest of Middle East & Africa               229

11.6         SOUTH AMERICA             231

11.6.1      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE    231

11.6.2      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE  232

11.6.3      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY ENGINE CAPACITY TYPE        234

11.6.4      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY POWER OUTPUT TYPE            235

11.6.5      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION TYPE 236

11.6.6      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY 238

11.6.7      SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY COUNTRY              239

11.6.7.1  Brazil      241

11.6.7.1.1                Increased hotel construction projects to drive market                 241

11.6.7.2  Argentina               242

11.6.7.2.1                Growth of infrastructure projects to drive market                 242

11.6.7.3  Chile       244

11.6.7.3.1                Surge in rail infrastructure development activities

to drive market      244

11.6.7.4  Peru        246

11.6.7.4.1                Surge in mining activities to drive market        246

11.6.7.5  Rest of South America         247

12            COMPETITIVE LANDSCAPE         250

12.1         OVERVIEW          250

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            250

12.3         REVENUE ANALYSIS, 2019–2023  252

12.4         MARKET SHARE ANALYSIS, 2023                 253

12.5         BRAND/PRODUCT COMPARISON             255

12.5.1      EXCAVATORS (CATERPILLAR)   256

12.5.2      EXCAVATORS (KOMATSU)           256

12.5.3      EXCAVATORS (XCMG GROUP)   256

12.5.4      EXCAVATORS (VOLVO GROUP) 256

12.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 256

12.6.1      STARS   256

12.6.2      EMERGING LEADERS     256

12.6.3      PERVASIVE PLAYERS      257

12.6.4      PARTICIPANTS 257

12.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         258

12.6.5.1  Company footprint               258

12.6.5.2  Region footprint   259

12.6.5.3  Machinery type footprint    259

12.6.5.4  Application footprint            260

12.6.5.5  Propulsion type footprint    261

12.6.5.6  Power output footprint        261

12.6.5.7  Engine capacity footprint    262

12.6.5.8  End-use industry footprint 262

12.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        263

12.7.1      PROGRESSIVE COMPANIES         263

12.7.2      RESPONSIVE COMPANIES            263

12.7.3      DYNAMIC COMPANIES  263

12.7.4      STARTING BLOCKS         263

12.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 265

12.7.5.1  Detailed list of key startups/SMEs    265

12.7.5.2  Competitive benchmarking of key startups/SMEs          266

12.8         COMPANY VALUATION AND FINANCIAL METRICS                 268

12.9         COMPETITIVE SCENARIO             269

12.9.1      PRODUCT LAUNCHES   269

12.9.2      DEALS  272

13            COMPANY PROFILES      280

13.1         KEY PLAYERS     280

13.1.1      CATERPILLAR    280

13.1.1.1  Business overview 280

13.1.1.2  Products offered   281

13.1.1.3  Recent developments           283

13.1.1.3.1                Deals      283

13.1.1.3.2                Product launches  284

13.1.1.4  MnM view              284

13.1.1.4.1                Key strengths        284

13.1.1.4.2                Strategic choices   284

13.1.1.4.3                Weaknesses and competitive threats 285

13.1.2      VOLVO GROUP 286

13.1.2.1  Business overview 286

13.1.2.2  Products offered   287

13.1.2.3  Recent developments           289

13.1.2.3.1                Deals      289

13.1.2.3.2                Product launches  290

13.1.2.3.3                Expansions             291

13.1.2.4  MnM view              291

13.1.2.4.1                Key strengths        291

13.1.2.4.2                Strategic choices   291

13.1.2.4.3                Weaknesses and competitive threats 291

13.1.3      KOMATSU           292

13.1.3.1  Business overview 292

13.1.3.2  Products offered   293

13.1.3.3  Recent developments           295

13.1.3.3.1                Product launches  295

13.1.3.3.2                Deals      296

13.1.3.3.3                Expansions             296

13.1.3.4  MnM view              297

13.1.3.4.1                Key strengths        297

13.1.3.4.2                Strategic choices   297

13.1.3.4.3                Weaknesses and competitive threats 297

13.1.4      HITACHI CONSTRUCTION MACHINERY CO., LTD.                 298

13.1.4.1  Business overview 298

13.1.4.2  Products offered   299

13.1.4.3  Recent developments           300

13.1.4.3.1                Product launches  300

13.1.4.3.2                Deals      301

13.1.4.3.3                Expansions             302

13.1.4.4  MnM view              302

13.1.4.4.1                Key strengths        302

13.1.4.4.2                Strategic choices   302

13.1.4.4.3                Weaknesses and competitive threats 303

13.1.5      TEREX CORPORATION  304

13.1.5.1  Business overview 304

13.1.5.2  Products offered   305

13.1.5.3  Recent developments           306

13.1.5.3.1                Product launches  306

13.1.5.3.2                Deals      306

13.1.5.4  MnM view              307

13.1.5.4.1                Key strengths        307

13.1.5.4.2                Strategic choices   307

13.1.5.4.3                Weaknesses and competitive threats 307

13.1.6      LIEBHERR AG    308

13.1.6.1  Business overview 308

13.1.6.2  Products offered   309

13.1.6.3  Recent developments           310

13.1.6.3.1                Product launches  310

13.1.6.3.2                Deals      311

13.1.6.3.3                Expansions             311

13.1.6.4  MnM view              312

13.1.6.4.1                Key strengths        312

13.1.6.4.2                Strategic choices   312

13.1.6.4.3                Weaknesses and competitive threats 312

13.1.7      SANY GROUP     313

13.1.7.1  Business overview 313

13.1.7.2  Products offered   313

13.1.7.3  Recent developments           314

13.1.7.3.1                Product launches  314

13.1.7.3.2                Deals      315

13.1.7.4  MnM view              315

13.1.7.4.1                Key strengths        315

13.1.7.4.2                Strategic choices   316

13.1.7.4.3                Weaknesses and competitive threats 316

13.1.8      HD HYUNDAI    317

13.1.8.1  Business overview 317

13.1.8.2  Products offered   318

13.1.8.3  Recent developments           318

13.1.8.3.1                Product launches  318

13.1.8.3.2                Deals      319

13.1.8.3.3                Expansions             320

13.1.8.4  MnM view              320

13.1.8.4.1                Key strengths        320

13.1.8.4.2                Strategic choices   320

13.1.8.4.3                Weaknesses and competitive threats 321

13.1.9      XCMG GROUP   322

13.1.9.1  Business overview 322

13.1.9.2  Products offered   322

13.1.9.3  Recent developments           323

13.1.9.3.1                Product launches  323

13.1.9.3.2                Deals      324

13.1.9.3.3                Expansions             324

13.1.9.4  MnM view              325

13.1.9.4.1                Key strengths        325

13.1.9.4.2                Strategic choices   325

13.1.9.4.3                Weaknesses and competitive threats 325

13.1.10   CNH INDUSTRIAL N.V.  326

13.1.10.1                 Business overview 326

13.1.10.2                 Products offered   327

13.1.10.3                 Recent developments           328

13.1.10.3.1             Product launches  328

13.1.10.3.2             Deals      328

13.1.10.3.3             Expansions             329

13.1.10.4                 MnM view              330

13.1.10.4.1             Key strengths        330

13.1.10.4.2             Strategic choices   330

13.1.10.4.3             Weaknesses and competitive threats 330

13.1.11   WACKER NEUSON SE      331

13.1.11.1                 Business overview 331

13.1.11.2                 Products offered   332

13.1.11.3                 MnM view              333

13.1.11.3.1             Key strengths        333

13.1.11.3.2             Strategic choices   333

13.1.11.3.3             Weaknesses and competitive threats 333

13.1.12   SUMITOMO HEAVY INDUSTRIES, LTD.  334

13.1.12.1                 Business overview 334

13.1.12.2                 Products offered   335

13.1.12.3                 MnM view              335

13.1.12.3.1             Key strengths        335

13.1.12.3.2             Strategic choices   335

13.1.12.3.3             Weaknesses and competitive threats 335

13.2         OTHER PLAYERS              336

13.2.1      JC BAMFORD EXCAVATORS LTD.              336

13.2.2      MANITOU GROUP           337

13.2.3      ESCORTS KUBOTA LIMITED       338

13.2.4      DEERE AND COMPANY 339

13.2.5      ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.              340

13.2.6      KOBELCO CONSTRUCTION MACHINERY CO., LTD.                 341

13.2.7      HIAB      341

13.2.8      HIDROMEK         342

13.2.9      DOOSAN BOBCAT           343

13.2.10   MAHINDRA CONSTRUCTION EQUIPMENT          344

14            APPENDIX           345

14.1         DISCUSSION GUIDE        345

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                348

14.3         CUSTOMIZATION OPTIONS        350

14.4         RELATED REPORTS         350

14.5         AUTHOR DETAILS           351

LIST OF TABLES

TABLE 1                LIST OF INFRASTRUCTURE DEVELOPMENT PROJECTS            60

TABLE 2                KEY ELECTRIC AND HYBRID CONSTRUCTION EQUIPMENT MODELS   62

TABLE 3                HEAVY CONSTRUCTION EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS           69

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)   70

TABLE 5                KEY BUYING CRITERIA, BY END-USE INDUSTRY                 70

TABLE 6                GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2029              71

TABLE 7                HEAVY CONSTRUCTION EQUIPMENT MARKET: ROLES OF COMPANIES

IN ECOSYSTEM 79

TABLE 8                AVERAGE SELLING PRICE OF END-USE INDUSTRIES, BY KEY PLAYERS,

2024 (USD MILLION/UNIT)          81

TABLE 9                AVERAGE SELLING PRICE OF HEAVY CONSTRUCTION EQUIPMENT,

BY MACHINERY TYPE, 2022–2025 (USD MILLION/UNIT) 81

TABLE 10              AVERAGE SELLING PRICE OF HEAVY CONSTRUCTION EQUIPMENT,

BY APPLICATION, 2022–2025 (USD MILLION/UNIT)          82

TABLE 11              AVERAGE SELLING PRICE OF HEAVY CONSTRUCTION EQUIPMENT,

BY REGION,  2022–2025 (USD MILLION/UNIT)   83

TABLE 12              IMPORT DATA FOR HS CODE 843149 (PARTS OF MACHINERY HEADING 8426, 8429,  AND 8430), 2024 (USD MILLION)            84

TABLE 13              EXPORT DATA FOR HS CODE 843149 (PARTS OF MACHINERY HEADING 8426,  8429, AND 8430), 2020–2024 (USD MILLION)            85

TABLE 14              TOP USE CASES AND MARKET POTENTIAL                 87

TABLE 15              BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           87

TABLE 16              HEAVY CONSTRUCTION EQUIPMENT MARKET: CASE STUDIES RELATED TO GEN AI IMPLEMENTATION                 88

TABLE 17              INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS        88

TABLE 18              HEAVY CONSTRUCTION EQUIPMENT MARKET: TOTAL NUMBER OF PATENTS (JANUARY 2015–MARCH 2025)                 89

TABLE 19              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 94

TABLE 20              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           95

TABLE 21              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 96

TABLE 22              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 97

TABLE 23              HEAVY CONSTRUCTION EQUIPMENT MARKET: LIST OF KEY CONFERENCES

AND EVENTS, 2024–2025                 98

TABLE 24              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2021–2024 (USD MILLION)            103

TABLE 25              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2021–2024 (UNITS)            104

TABLE 26              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2025–2030 (USD MILLION)            104

TABLE 27              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2025–2030 (UNITS)            104

TABLE 28              <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            105

TABLE 29              <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            105

TABLE 30              <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            106

TABLE 31              <100 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            106

TABLE 32              101–200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            107

TABLE 33              101–200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            107

TABLE 34              101–200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 35              101–200 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            108

TABLE 36              201–400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            108

TABLE 37              201–400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            109

TABLE 38              201–400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            109

TABLE 39              201–400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            109

TABLE 40              >400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            110

TABLE 41              >400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            110

TABLE 42              >400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            111

TABLE 43              >400 HP: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            111

TABLE 44              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,

2021–2024 (USD MILLION)            113

TABLE 45              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,

2021–2024 (UNITS)            113

TABLE 46              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,

2025–2030 (USD MILLION)            114

TABLE 47              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,

2025–2030 (UNITS)            114

TABLE 48              DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            115

TABLE 49              DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            115

TABLE 50              DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            115

TABLE 51              DIESEL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            116

TABLE 52              CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            117

TABLE 53              CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            117

TABLE 54              CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            117

TABLE 55              CNG/LNG/RNG: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            118

TABLE 56              ELECTRIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            118

TABLE 57              ELECTRIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            119

TABLE 58              ELECTRIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            119

TABLE 59              ELECTRIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            119

TABLE 60              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,

2021–2024 (USD MILLION)            121

TABLE 61              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,

2021–2024 (UNITS)            122

TABLE 62              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,

2025–2030 (USD MILLION)            122

TABLE 63              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,

2025–2030 (UNITS)            122

TABLE 64              <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            123

TABLE 65              <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            123

TABLE 66              <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            123

TABLE 67              <5 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            124

TABLE 68              5–10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            124

TABLE 69              5–10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            125

TABLE 70              5–10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            125

TABLE 71              5–10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            125

TABLE 72              >10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            126

TABLE 73              >10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            126

TABLE 74              >10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            127

TABLE 75              >10 L: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            127

TABLE 76              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            129

TABLE 77              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (UNITS)            130

TABLE 78              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            130

TABLE 79              HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2030 (UNITS)            130

TABLE 80              MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (USD MILLION)                 131

TABLE 81              MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (UNITS) 131

TABLE 82              MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (USD MILLION)                 132

TABLE 83              MATERIAL HANDLING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (UNITS) 132

TABLE 84              TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (USD MILLION)                 133

TABLE 85              TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (UNITS) 133

TABLE 86              TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (USD MILLION)                 133

TABLE 87              TRANSPORTATION: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (UNITS) 134

TABLE 88              EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   134

TABLE 89              EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (UNITS)  135

TABLE 90              EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   135

TABLE 91              EXCAVATION & DEMOLITION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (UNITS)  135

TABLE 92              HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            136

TABLE 93              HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            136

TABLE 94              HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            137

TABLE 95              HEAVY LIFTING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            137

TABLE 96              TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            138

TABLE 97              TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            138

TABLE 98              TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 99              TUNNELING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            139

TABLE 100            RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY REGION, 2021–2024 (USD MILLION) 139

TABLE 101            RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY REGION, 2021–2024 (UNITS)                140

TABLE 102            RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY REGION, 2025–2030 (USD MILLION) 140

TABLE 103            RECYCLING & WASTE MANAGEMENT: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY REGION, 2025–2030 (UNITS)                140

TABLE 104            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            142

TABLE 105            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (UNITS)            143

TABLE 106            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            143

TABLE 107            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2025–2030 (UNITS)            143

TABLE 108            MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            144

TABLE 109            MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            144

TABLE 110            MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            145

TABLE 111            MINING: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (UNITS)            145

TABLE 112            INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (USD MILLION)                 146

TABLE 113            INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2021–2024 (UNITS) 146

TABLE 114            INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (USD MILLION)                 146

TABLE 115            INFRASTRUCTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,  2025–2030 (UNITS) 147

TABLE 116            BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   147

TABLE 117            BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (UNITS)  148

TABLE 118            BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   148

TABLE 119            BUILDING & CONSTRUCTION: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (UNITS)  148

TABLE 120            FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   149

TABLE 121            FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (UNITS)  149

TABLE 122            FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   149

TABLE 123            FORESTRY & AGRICULTURE: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (UNITS)  150

TABLE 124            OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   150

TABLE 125            OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (UNITS)  150

TABLE 126            OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (USD MILLION)   151

TABLE 127            OTHER END-USE INDUSTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2030 (UNITS)  151

TABLE 128            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            154

TABLE 129            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)  154

TABLE 130            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2030 (USD MILLION)            154

TABLE 131            HEAVY CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2030 (UNITS)  155

TABLE 132            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2021–2024 (USD MILLION)            156

TABLE 133            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2021–2024 (UNITS)                157

TABLE 134            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2025–2030 (USD MILLION)            157

TABLE 135            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2025–2030 (UNITS)                157

TABLE 136            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (USD MILLION)            158

TABLE 137            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (UNITS)                158

TABLE 138            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (USD MILLION)            158

TABLE 139            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (UNITS)                158

TABLE 140            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,  2021–2024 (USD MILLION)            159

TABLE 141            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,  2021–2024 (UNITS)                159

TABLE 142            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (USD MILLION)            159

TABLE 143            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,  2025–2030 (UNITS)                160

TABLE 144            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2021–2024 (USD MILLION)            160

TABLE 145            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2021–2024 (UNITS)                 160

TABLE 146            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2025–2030 (USD MILLION)            161

TABLE 147            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2025–2030 (UNITS)                 161

TABLE 148            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024 (USD MILLION)            161

TABLE 149            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024      162

TABLE 150            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (USD MILLION)            162

TABLE 151            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (UNITS)                 162

TABLE 152            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            163

TABLE 153            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                163

TABLE 154            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            163

TABLE 155            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                164

TABLE 156            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            164

TABLE 157            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (UNITS)            164

TABLE 158            ASIA-PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            165

TABLE 159            ASIA-PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2030 (UNITS)            165

TABLE 160            CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 166

TABLE 161            CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024     166

TABLE 162            CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 166

TABLE 163            CHINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  167

TABLE 164            INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 168

TABLE 165            INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024        168

TABLE 166            INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 168

TABLE 167            INDIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  169

TABLE 168            JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 169

TABLE 169            JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  170

TABLE 170            JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 170

TABLE 171            JAPAN: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  170

TABLE 172            AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION) 171

TABLE 173            AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024                 171

TABLE 174            AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION) 172

TABLE 175            AUSTRALIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)                172

TABLE 176            REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2021–2024 (USD MILLION) 173

TABLE 177            REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2021–2024                 173

TABLE 178            REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 173

TABLE 179            REST OF ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2025–2030 (UNITS)                174

TABLE 180            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2021–2024 (USD MILLION)                 176

TABLE 181            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2021–2024 (UNITS)       176

TABLE 182            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2025–2030 (USD MILLION)                 176

TABLE 183            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE,  2025–2030 (UNITS)       177

TABLE 184            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,  2021–2024 (USD MILLION)                 177

TABLE 185            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,  2021–2024 (UNITS)     177

TABLE 186            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,  2025–2030 (USD MILLION)                 178

TABLE 187            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,  2025–2030 (UNITS)     178

TABLE 188            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,  2021–2024 (USD MILLION)                 178

TABLE 189            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,

2021–2024 (UNITS)            179

TABLE 190            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            179

TABLE 191            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,  2025–2030 (UNITS)     179

TABLE 192            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2021–2024 (USD MILLION)                 180

TABLE 193            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2021–2024 (UNITS)         180

TABLE 194            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,  2025–2030 (USD MILLION)                 180

TABLE 195            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2025–2030 (UNITS)             181

TABLE 196            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            181

TABLE 197            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (UNITS)            181

TABLE 198            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            182

TABLE 199            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2030 (UNITS)            182

TABLE 200            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 183

TABLE 201            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  183

TABLE 202            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 183

TABLE 203            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  184

TABLE 204            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            184

TABLE 205            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (UNITS)            184

TABLE 206            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            185

TABLE 207            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2030 (UNITS)            185

TABLE 208            GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION) 186

TABLE 209            GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, END-USE INDUSTRY,  2021–2024 (UNITS)                 186

TABLE 210            GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION) 186

TABLE 211            GERMANY: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)                187

TABLE 212            FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 187

TABLE 213            FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  188

TABLE 214            FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 188

TABLE 215            FRANCE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  188

TABLE 216            UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            189

TABLE 217            UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (UNITS)            189

TABLE 218            UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            190

TABLE 219            UK: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2025–2030 (UNITS)            190

TABLE 220            RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 191

TABLE 221            RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  191

TABLE 222            RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 191

TABLE 223            RUSSIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  192

TABLE 224            REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            192

TABLE 225            REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                193

TABLE 226            REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            193

TABLE 227            REST OF EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                193

TABLE 228            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2021–2024 (USD MILLION)            195

TABLE 229            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2021–2024 (UNITS)                 195

TABLE 230            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2025–2030 (USD MILLION)            195

TABLE 231            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2025–2030 (UNITS)                 196

TABLE 232            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (USD MILLION)            196

TABLE 233            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (UNITS)                196

TABLE 234            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (USD MILLION)            197

TABLE 235            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (UNITS)                197

TABLE 236            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2021–2024 (USD MILLION)            197

TABLE 237            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT, BY MATERIAL,

2021–2024 (UNITS)            198

TABLE 238            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,  2025–2030 (USD MILLION)            198

TABLE 239            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (UNITS)                 198

TABLE 240            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)            199

TABLE 241            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2021–2024 (UNITS)                 199

TABLE 242            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2025–2030 (USD MILLION)            199

TABLE 243            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2025–2030 (UNITS)                 200

TABLE 244            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024 (USD MILLION)            200

TABLE 245            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024 (UNITS)                 200

TABLE 246            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (USD MILLION)            201

TABLE 247            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (UNITS)                 201

TABLE 248            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            202

TABLE 249            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                202

TABLE 250            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            202

TABLE 251            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                203

TABLE 252            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2021–2024 (USD MILLION)            203

TABLE 253            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2021–2024 (UNITS)                 203

TABLE 254            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            204

TABLE 255            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2025–2030 (UNITS)                 204

TABLE 256            US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            205

TABLE 257            US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,

2021–2024 (UNITS)            205

TABLE 258            US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            205

TABLE 259            US: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MATERIAL,

2025–2030 (UNITS)            206

TABLE 260            CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 206

TABLE 261            CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  207

TABLE 262            CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 207

TABLE 263            CANADA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  207

TABLE 264            MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 208

TABLE 265            MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  208

TABLE 266            MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 209

TABLE 267            MEXICO: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  209

TABLE 268            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE, 2021–2024 (USD MILLION)               210

TABLE 269            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE, 2021–2024 (UNITS)              210

TABLE 270            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE, 2025–2030 (USD MILLION)               211

TABLE 271            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY MACHINERY TYPE, 2025–2030 (UNITS)              211

TABLE 272            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE, 2021–2024 (USD MILLION)             211

TABLE 273            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE, 2021–2024 (UNITS)            212

TABLE 274            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE, 2025–2030 (USD MILLION)             212

TABLE 275            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY PROPULSION TYPE, 2025–2030 (UNITS)            212

TABLE 276            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT TYPE, 2021–2024 (USD MILLION)                213

TABLE 277            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY POWER OUTPUT, 2021–2024 (UNITS)            213

TABLE 278            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY POWER OUTPUT, 2025–2030 (USD MILLION)            213

TABLE 279            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY POWER OUTPUT, 2025–2030 (UNITS)            214

TABLE 280            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY ENGINE CAPACITY, 2021–2024 (USD MILLION)            214

TABLE 281            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2021–2024 (UNITS)            214

TABLE 282            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (USD MILLION)            215

TABLE 283            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (UNITS)            215

TABLE 284            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       215

TABLE 285            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION, 2021–2024 (UNITS)      216

TABLE 286            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       216

TABLE 287            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY APPLICATION, 2025–2030 (UNITS)      216

TABLE 288            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (USD MILLION)          217

TABLE 289            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (UNITS)         217

TABLE 290            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          217

TABLE 291            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (UNITS)         218

TABLE 292            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY COUNTRY, 2021–2024 (USD MILLION)               218

TABLE 293            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY COUNTRY, 2021–2024 (UNITS)              219

TABLE 294            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY COUNTRY, 2025–2030 (USD MILLION)               219

TABLE 295            MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY COUNTRY, 2025–2030 (UNITS)              220

TABLE 296            QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 221

TABLE 297            QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  221

TABLE 298            QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 221

TABLE 299            QATAR: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  222

TABLE 300            SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            222

TABLE 301            SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                223

TABLE 302            SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            223

TABLE 303            SAUDI ARABIA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                223

TABLE 304            UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            224

TABLE 305            UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  225

TABLE 306            UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            225

TABLE 307            UAE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  225

TABLE 308            REST OF GCC COUNTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (USD MILLION)          226

TABLE 309            REST OF GCC COUNTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (UNITS)         226

TABLE 310            REST OF GCC COUNTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          227

TABLE 311            REST OF GCC COUNTRIES: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (UNITS)         227

TABLE 312            SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            228

TABLE 313            SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                228

TABLE 314            SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            228

TABLE 315            SOUTH AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                229

TABLE 316            REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2021–2024 (USD MILLION)    229

TABLE 317            REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2021–2024 (UNITS)   230

TABLE 318            REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    230

TABLE 319            REST OF MIDDLE EAST & AFRICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,  BY END-USE INDUSTRY, 2025–2030 (UNITS)   230

TABLE 320            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2021–2024 (USD MILLION)            231

TABLE 321            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2021–2024 (UNITS)                 231

TABLE 322            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2025–2030 (USD MILLION)            232

TABLE 323            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY MACHINERY TYPE, 2025–2030 (UNITS)                 232

TABLE 324            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (USD MILLION)            232

TABLE 325            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2021–2024 (UNITS)                233

TABLE 326            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (USD MILLION)            233

TABLE 327            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE, 2025–2030 (UNITS)                233

TABLE 328            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2021–2024 (USD MILLION)            234

TABLE 329            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2021–2024 (UNITS)                 234

TABLE 330            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (USD MILLION)            234

TABLE 331            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY, 2025–2030 (UNITS)                 234

TABLE 332            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)            235

TABLE 333            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2021–2024 (UNITS)                 235

TABLE 334            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2025–2030 (USD MILLION)            235

TABLE 335            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2025–2030 (UNITS)                 236

TABLE 336            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024 (USD MILLION)            236

TABLE 337            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2021–2024 (UNITS)                 237

TABLE 338            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (USD MILLION)            237

TABLE 339            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,  2025–2030 (UNITS)                 237

TABLE 340            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            238

TABLE 341            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                238

TABLE 342            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            239

TABLE 343            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                239

TABLE 344            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2021–2024 (USD MILLION)            239

TABLE 345            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2021–2024 (UNITS)                 240

TABLE 346            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            240

TABLE 347            SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,  2025–2030 (UNITS)                 240

TABLE 348            BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 241

TABLE 349            BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  241

TABLE 350            BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 242

TABLE 351            BRAZIL: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  242

TABLE 352            ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)            243

TABLE 353            ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2021–2024 (UNITS)                243

TABLE 354            ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            243

TABLE 355            ARGENTINA: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY, 2025–2030 (UNITS)                244

TABLE 356            CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 244

TABLE 357            CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  245

TABLE 358            CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 245

TABLE 359            CHILE: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  245

TABLE 360            PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (USD MILLION)                 246

TABLE 361            PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2021–2024 (UNITS)  246

TABLE 362            PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (USD MILLION)                 247

TABLE 363            PERU: HEAVY CONSTRUCTION EQUIPMENT MARKET, BY END-USE INDUSTRY,  2025–2030 (UNITS)  247

TABLE 364            REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (USD MILLION)          248

TABLE 365            REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2021–2024 (UNITS)         248

TABLE 366            REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          248

TABLE 367            REST OF SOUTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET,

BY END-USE INDUSTRY, 2025–2030 (UNITS)         249

TABLE 368            HEAVY CONSTRUCTION EQUIPMENT MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, JANUARY 2019–JANUARY 2025     250

TABLE 369            HEAVY CONSTRUCTION EQUIPMENT MARKET: DEGREE OF COMPETITION, 2023               253

TABLE 370            HEAVY CONSTRUCTION EQUIPMENT MARKET: REGION FOOTPRINT     259

TABLE 371            HEAVY CONSTRUCTION EQUIPMENT MARKET: MACHINERY TYPE FOOTPRINT 259

TABLE 372            HEAVY CONSTRUCTION EQUIPMENT MARKET: APPLICATION FOOTPRINT         260

TABLE 373            HEAVY CONSTRUCTION EQUIPMENT MARKET: PROPULSION TYPE FOOTPRINT               261

TABLE 374            HEAVY CONSTRUCTION EQUIPMENT MARKET: POWER OUTPUT FOOTPRINT   261

TABLE 375            HEAVY CONSTRUCTION EQUIPMENT MARKET: ENGINE CAPACITY FOOTPRINT                262

TABLE 376            HEAVY CONSTRUCTION EQUIPMENT MARKET: END-USE INDUSTRY FOOTPRINT             262

TABLE 377            HEAVY CONSTRUCTION EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES             265

TABLE 378            HEAVY CONSTRUCTION EQUIPMENT MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              266

TABLE 379            HEAVY CONSTRUCTION EQUIPMENT MARKET: PRODUCT LAUNCHES,

JANUARY 2019–JANUARY 2025     269

TABLE 380            HEAVY CONSTRUCTION EQUIPMENT MARKET: DEALS, JANUARY 2019–

JANUARY 2025    272

TABLE 381            HEAVY CONSTRUCTION EQUIPMENT MARKET: EXPANSIONS,

JANUARY 2019– JANUARY 2025    278

TABLE 382            CATERPILLAR: COMPANY OVERVIEW    280

TABLE 383            CATERPILLAR: PRODUCTS OFFERED     281

TABLE 384            CATERPILLAR: DEALS, JANUARY 2019–JANUARY 2025        283

TABLE 385            CATERPILLAR: PRODUCT LAUNCHES    284

TABLE 386            VOLVO GROUP: COMPANY OVERVIEW 286

TABLE 387            VOLVO GROUP: PRODUCTS OFFERED  287

TABLE 388            VOLVO GROUP: DEALS, JANUARY 2019–JANUARY 2025    289

TABLE 389            VOLVO GROUP: PRODUCT LAUNCHES 290

TABLE 390            VOLVO GROUP: EXPANSIONS    291

TABLE 391            KOMATSU: COMPANY OVERVIEW            292

TABLE 392            KOMATSU: PRODUCTS OFFERED             293

TABLE 393            KOMATSU: PRODUCT LAUNCHES            295

TABLE 394            KOMATSU: DEALS           296

TABLE 395            KOMATSU: EXPANSIONS              296

TABLE 396            HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW       298

TABLE 397            HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED        299

TABLE 398            HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES       300

TABLE 399            HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS       301

TABLE 400            HITACHI CONSTRUCTION MACHINERY CO., LTD.: EXPANSIONS          302

TABLE 401            TEREX CORPORATION: COMPANY OVERVIEW                 304

TABLE 402            TEREX CORPORATION: PRODUCTS OFFERED                 305

TABLE 403            TEREX CORPORATION: PRODUCT LAUNCHES                 306

TABLE 404            TEREX CORPORATION: DEALS  306

TABLE 405            LIEBHERR AG: COMPANY OVERVIEW     308

TABLE 406            LIEBHERR AG: PRODUCTS OFFERED      309

TABLE 407            LIEBHERR AG: PRODUCT LAUNCHES     310

TABLE 408            LIEBHERR AG: DEALS     311

TABLE 409            LIEBHERR AG: EXPANSIONS        311

TABLE 410            SANY GROUP: COMPANY OVERVIEW      313

TABLE 411            SANY GROUP: PRODUCTS OFFERED       313

TABLE 412            SANY GROUP: PRODUCT LAUNCHES      314

TABLE 413            SANY GROUP: DEALS     315

TABLE 414            HD HYUNDAI: COMPANY OVERVIEW     317

TABLE 415            HD HYUNDAI: PRODUCTS OFFERED      318

TABLE 416            HD HYUNDAI: PRODUCT LAUNCHES     318

TABLE 417            HD HYUNDAI: DEALS     319

TABLE 418            HD HYUNDAI: EXPANSIONS        320

TABLE 419            XCMG GROUP: COMPANY OVERVIEW    322

TABLE 420            XCMG GROUP: PRODUCTS OFFERED     322

TABLE 421            XCMG GROUP: PRODUCT LAUNCHES    323

TABLE 422            XCMG GROUP: DEALS   324

TABLE 423            XCMG GROUP: EXPANSIONS      324

TABLE 424            CNH INDUSTRIAL N.V.: COMPANY OVERVIEW                 326

TABLE 425            CNH INDUSTRIAL N.V.: PRODUCTS OFFERED                 327

TABLE 426            CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES                 328

TABLE 427            CNH INDUSTRIAL N.V.: DEALS   328

TABLE 428            CNH INDUSTRIAL N.V.: EXPANSIONS      329

TABLE 429            WACKER NEUSON SE: COMPANY OVERVIEW                 331

TABLE 430            WACKER NEUSON SE: PRODUCTS OFFERED                 332

TABLE 431            SUMITOMO HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW   334

TABLE 432            SUMITOMO HEAVY INDUSTRIES, LTD.: PRODUCTS OFFERED    335

TABLE 433            JC BAMFORD EXCAVATORS LTD.: COMPANY OVERVIEW          336

TABLE 434            MANITOU GROUP: COMPANY OVERVIEW                 337

TABLE 435            ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW          338

TABLE 436            DEERE AND COMPANY: COMPANY OVERVIEW                 339

TABLE 437            ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.:

COMPANY OVERVIEW   340

TABLE 438            KOBELCO CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW       341

TABLE 439            HIAB: COMPANY OVERVIEW       341

TABLE 440            HIDROMEK: COMPANY OVERVIEW          342

TABLE 441            DOOSAN BOBCAT: COMPANY OVERVIEW                 343

TABLE 442            MAHINDRA CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW   344

LIST OF FIGURES

FIGURE 1              HEAVY CONSTRUCTION EQUIPMENT MARKET: SEGMENTATION AND

REGIONAL SCOPE            36

FIGURE 2              HEAVY CONSTRUCTION EQUIPMENT MARKET: RESEARCH DESIGN         40

FIGURE 3              HEAVY CONSTRUCTION EQUIPMENT MARKET: BOTTOM-UP APPROACH              44

FIGURE 4              HEAVY CONSTRUCTION EQUIPMENT MARKET: TOP-DOWN APPROACH                44

FIGURE 5              HEAVY CONSTRUCTION EQUIPMENT MARKET: DATA TRIANGULATION                47

FIGURE 6              EARTHMOVING EQUIPMENT MACHINERY TYPE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD                 51

FIGURE 7              MATERIAL HANDLING APPLICATION TO HOLD LARGEST MARKET SHARE IN 2030             51

FIGURE 8              DIESEL PROPULSION SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         52

FIGURE 9              101–200 HP POWER OUTPUT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD                52

FIGURE 10            <5 L ENGINE CAPACITY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    53

FIGURE 11            MINING WAS LARGEST END-USE INDUSTRY IN 2024        53

FIGURE 12            ASIA PACIFIC RECORDED LARGEST MARKET SHARE IN 2024   54

FIGURE 13            GROWTH OF INFRASTRUCTURE SEGMENT TO DRIVE MARKET 55

FIGURE 14            MATERIAL HANDLING EQUIPMENT SEGMENT TO RECORD HIGHEST CAGR BETWEEN 2025 AND 2030   55

FIGURE 15            MATERIAL HANDLING TO LEAD MARKET DURING FORECAST PERIOD       56

FIGURE 16            ELECTRIC HEAVY MACHINERY TO REGISTER HIGHEST CAGR DURING

FORECAST PERIOD         56

FIGURE 17            200–400 HP POWERED OUTPUT TO RECORD HIGHEST CAGR DURING

FORECAST PERIOD         57

FIGURE 18            <5 L ENGINE CAPACITY SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         57

FIGURE 19            MINING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         58

FIGURE 20            CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         58

FIGURE 21            HEAVY CONSTRUCTION EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 59

FIGURE 22            HEAVY CONSTRUCTION EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS           67

FIGURE 23            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            69

FIGURE 24            KEY BUYING CRITERIA, BY END-USE INDUSTRY                 70

FIGURE 25            HEAVY CONSTRUCTION EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS             75

FIGURE 26            HEAVY CONSTRUCTION EQUIPMENT MARKET: VALUE CHAIN ANALYSIS               77

FIGURE 27            HEAVY CONSTRUCTION EQUIPMENT MARKET: KEY PLAYERS IN ECOSYSTEM     78

FIGURE 28            HEAVY CONSTRUCTION EQUIPMENT MARKET: ECOSYSTEM       79

FIGURE 29            AVERAGE SELLING PRICE TREND OF END-USE INDUSTRIES,

BY KEY PLAYERS, 2024    80

FIGURE 30            AVERAGE SELLING PRICE TREND OF HEAVY CONSTRUCTION EQUIPMENT,

BY MACHINERY TYPE, 2022–2025                81

FIGURE 31            AVERAGE SELLING PRICE TREND OF HEAVY CONSTRUCTION EQUIPMENT,

BY APPLICATION, 2022–2025        82

FIGURE 32            AVERAGE SELLING PRICE TREND OF HEAVY CONSTRUCTION EQUIPMENT,

BY REGION, 2022–2025    83

FIGURE 33            IMPORT DATA RELATED TO HS CODE 843149 (PARTS OF MACHINERY HEADING 8426, 8429, AND 8430), BY KEY COUNTRY, 2020–2024      84

FIGURE 34            EXPORT DATA FOR HS CODE 843149 (PARTS OF MACHINERY HEADING 8426, 8429, AND 8430), BY KEY COUNTRY, 2020–2024              85

FIGURE 35            PATENT ANALYSIS, BY DOCUMENT TYPE (JANUARY 2015–MARCH 2025)     90

FIGURE 36            PATENT PUBLICATION TRENDS, 2015−2025                 90

FIGURE 37            HEAVY CONSTRUCTION EQUIPMENT MARKET: LEGAL STATUS OF PATENTS (JANUARY 2015–JANUARY 2025)                 91

FIGURE 38            JURISDICTION OF CHINA REGISTERED HIGHEST NUMBER OF PATENTS (JANUARY 2014–JULY 2024)                 91

FIGURE 39            TOP PATENT APPLICANTS (JANUARY 2015–MARCH 2025)      92

FIGURE 40            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   100

FIGURE 41            HEAVY CONSTRUCTION EQUIPMENT MARKET: INVESTMENT AND FUNDING SCENARIO, 2025 (USD BILLION)                 101

FIGURE 42            101–200 HP SEGMENT TO DOMINATE HEAVY CONSTRUCTION EQUIPMENT  MARKET BY 2030              103

FIGURE 43            DIESEL SEGMENT ACCOUNTED FOR MAJOR MARKET SHARE DURING

FORECAST PERIOD         113

FIGURE 44            <5 L SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD        121

FIGURE 45            MATERIAL HANDLING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    129

FIGURE 46            MINING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         142

FIGURE 47            CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         153

FIGURE 48            ASIA PACIFIC: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT            156

FIGURE 49            EUROPE: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT       175

FIGURE 50            NORTH AMERICA: HEAVY CONSTRUCTION EQUIPMENT MARKET SNAPSHOT            194

FIGURE 51            HEAVY CONSTRUCTION EQUIPMENT MARKET: REVENUE ANALYSIS OF

KEY PLAYERS, 2019–2023                252

FIGURE 52            HEAVY CONSTRUCTION EQUIPMENT MARKET SHARE ANALYSIS, 2023   253

FIGURE 53            HEAVY CONSTRUCTION EQUIPMENT MARKET: BRAND/PRODUCT COMPARISON             255

FIGURE 54            HEAVY CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023       257

FIGURE 55            HEAVY CONSTRUCTION EQUIPMENT MARKET: COMPANY FOOTPRINT 258

FIGURE 56            HEAVY CONSTRUCTION EQUIPMENT MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023                 264

FIGURE 57            COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS        268

FIGURE 58            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK

BETA OF KEY VENDORS                268

FIGURE 59            CATERPILLAR: COMPANY SNAPSHOT    281

FIGURE 60            VOLVO GROUP: COMPANY SNAPSHOT 287

FIGURE 61            KOMATSU: COMPANY SNAPSHOT            293

FIGURE 62            HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT       299

FIGURE 63            TEREX CORPORATION: COMPANY SNAPSHOT                 305

FIGURE 64            LIEBHERR AG: COMPANY SNAPSHOT     309

FIGURE 65            HD HYUNDAI: COMPANY SNAPSHOT     317

FIGURE 66            CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT                 327

FIGURE 67            WACKER NEUSON GROUP: COMPANY SNAPSHOT          332

FIGURE 68            SUMITOMO HEAVY INDUSTRIES LTD.: COMPANY SNAPSHOT   334