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Global construction equipment market - outlook through 2020
Global construction equipment market - outlook through 2020
Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)
by I. Wagner,
last edited
Jan 22, 2019
This statistic represents the projected global revenue from construction equipment sales between 2017 and 2020. In 2020, it is expected that this market will be sized at almost 90 billion U.S. dollars.
Size of the global construction equipment market
Caterpillar, Komatsu and Hitachi are among the world’s leading manufacturers of construction equipment, which includes excavators, wheel loaders, pavers and concrete mixers. Construction machinery manufacturers sell their equipment to customers in the private as well as the public segment, the latter one being highly dependent on investment efforts undertaken by political decision makers. During the 2008 financial crisis, many politicians delayed the continued renewal of their countries’ infrastructure, resulting in a stark decline in market volume particularly in mature economies such as Japan.
The global market for construction equipment is expected to grow by 28 percent from around 70 billion U.S. dollars in 2016 to approximately 90 billion U.S. dollars in 2020. While manufacturers are hoping for stabilization in the Chinese market, India is expected to hold the largest potential for growth.
Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)
Loading statistic...
| Market size in billion U.S. dollars | |
|---|---|
| 2020 | 89.3 |
| 2016 | 69.8 |
| Market size in billion U.S. dollars | |
|---|---|
| 2020 | 89.3 |
| 2016 | 69.8 |
© Statista 2019
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Sources: Off-Highway Research; Market Research Reports
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by I. Wagner,
last edited
Jan 22, 2019
This statistic represents the projected global revenue from construction equipment sales between 2017 and 2020. In 2020, it is expected that this market will be sized at almost 90 billion U.S. dollars.
Size of the global construction equipment market
Caterpillar, Komatsu and Hitachi are among the world’s leading manufacturers of construction equipment, which includes excavators, wheel loaders, pavers and concrete mixers. Construction machinery manufacturers sell their equipment to customers in the private as well as the public segment, the latter one being highly dependent on investment efforts undertaken by political decision makers. During the 2008 financial crisis, many politicians delayed the continued renewal of their countries’ infrastructure, resulting in a stark decline in market volume particularly in mature economies such as Japan.
The global market for construction equipment is expected to grow by 28 percent from around 70 billion U.S. dollars in 2016 to approximately 90 billion U.S. dollars in 2020. While manufacturers are hoping for stabilization in the Chinese market, India is expected to hold the largest potential for growth.
- Sources
- Off-Highway Research; Market Research Reports
- Show further sources information
- Show publisher information
- Release date
- April 2017
- Region
- Worldwide
- Survey time period
- 2016
- Supplementary notes
- The 2020 value is a projection.
Free access to basic statistics
Source
- Sources
- Off-Highway Research; Market Research Reports
- Show further sources information
- Show publisher information
- Release date
- April 2017
More information
- Region
- Worldwide
- Survey time period
- 2016
- Supplementary notes
- The 2020 value is a projection.
Other statistics on the topic
Construction Equipment
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Statistics on "Construction equipment industry in the U.S."
- Overview
The most important statistics
- Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)Global construction equipment market - outlook through 2020
- Global construction equipment market size between 2014 and 2019, by region (in 1,000s of units sold)Global construction machinery market size by region: outlook 2019
- Global construction equipment unit sales from 2011 to 2021Sales of construction equipment - worldwide 2011-2021
- Projected construction equipment unit sales worldwide in 2022, by country or regionSales of construction equipment - worldwide by region 2022
- Projected construction equipment unit sales in North America from 2017 to 2022Sales of construction equipment - North America 2017-2022
- Largest construction machinery manufacturers globally in 2017, based on construction equipment sales (in billion U.S. dollars)World's largest construction machinery manufacturers - sales 2017
- U.S. equipment rental market size from 2017 to 2021 (in billion U.S. dollars)U.S. equipment rental market size 2017-2021
- U.S. construction equipment manufacturing industry
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- Construction machinery manufacturing revenue in the U.S. 2010-2022 (in billion U.S. dollars)Construction machinery manufacturing revenue in the U.S. 2010-2022
- U.S. producer price index for construction machinery and equipment from 1990 to 2018Construction machinery and equipment: U.S. producer price index 2018
- U.S. construction machinery manufacturing gross output from 2008 to 2017 (in billion U.S. dollars)U.S. construction machinery manufacturing - gross output 2008-2017
- Advertising spending in the construction machinery and equipment industry in the United States from 2018 to 2020 (in million U.S. dollars)U.S. construction machinery and equipment ad spend 2018-2020
- U.S. exports of industrial engines from 2007 to 2018 (in billion U.S. dollars)U.S. exports of industrial engines 2007-2018
- Value of U.S. agricultural and construction machinery exports from 2002 to 2016 (in billion U.S. dollars)U.S. agricultural and construction machinery exports 2002-2016
- Key players in the U.S.
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- Caterpillar's global sales and revenue streams from FY 2004 to FY 2018 (in billion U.S. dollars)Caterpillar - global sales and revenue streams 2004-2018
- Caterpillar's sales and revenue streams in FY 2018, by segment (in million U.S. dollars)Caterpillar: sales and revenue streams by segment 2018
- Terex Corporation's net sales from FY 2012 to FY 2018 (in million U.S. dollars)Terex Corporation's net sales 2012-2018
- Terex Corporation's net sales in 2018, by segment (in million U.S. dollars) Terex Corporation: net sales by segment 2018
- Manitowoc Company Inc.'s net sales from FY 2012 to FY 2018 (in billion U.S. dollars)*Manitowoc Company Inc.'s net sales 2012-2018
- Manitowoc Company Inc.'s net sales in FY 2015, by segment (in million U.S. dollars)Manitowoc Company Inc.'s net sales by segment FY 2015
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Statistics on "Construction equipment industry in the U.S."
- Global construction equipment sales revenue in 2016 and 2020 (in billion U.S. dollars)
- Global construction equipment market size between 2014 and 2019, by region (in 1,000s of units sold)
- Global construction equipment unit sales from 2011 to 2021
- Projected construction equipment unit sales worldwide in 2022, by country or region
- Projected construction equipment unit sales in North America from 2017 to 2022
- Largest construction machinery manufacturers globally in 2017, based on construction equipment sales (in billion U.S. dollars)
- U.S. equipment rental market size from 2017 to 2021 (in billion U.S. dollars)
- Construction machinery manufacturing revenue in the U.S. 2010-2022 (in billion U.S. dollars)
- U.S. producer price index for construction machinery and equipment from 1990 to 2018
- U.S. construction machinery manufacturing gross output from 2008 to 2017 (in billion U.S. dollars)
- Advertising spending in the construction machinery and equipment industry in the United States from 2018 to 2020 (in million U.S. dollars)
- U.S. exports of industrial engines from 2007 to 2018 (in billion U.S. dollars)
- Value of U.S. agricultural and construction machinery exports from 2002 to 2016 (in billion U.S. dollars)
- Leading machinery manufacturers in the U.S. in 2018, based on revenue (in million U.S. dollars)
- Caterpillar's global sales and revenue streams from FY 2004 to FY 2018 (in billion U.S. dollars)
- Caterpillar's sales and revenue streams in FY 2018, by segment (in million U.S. dollars)
- Terex Corporation's net sales from FY 2012 to FY 2018 (in million U.S. dollars)
- Terex Corporation's net sales in 2018, by segment (in million U.S. dollars)
- Manitowoc Company Inc.'s net sales from FY 2012 to FY 2018 (in billion U.S. dollars)*
- Manitowoc Company Inc.'s net sales in FY 2015, by segment (in million U.S. dollars)
- Industry retail sales of tractors and combines in the EU-27 in 2010 and 2011 (in 1,000 units)
- Growth in bulldozer sales in China from FY 2010 to FY 2012*
- Excavator sales in China from FY 2010 to FY 2012* (in 1,000s)
- Global construction equipment market size forecast from 2000 to 2020, by segment (in billion U.S. dollars)
- Loader sales in China from FY 2010 to FY 2012* (in 1,000s)
- Bulldozer sales in China from FY 2010 to FY 2012* (in 1,000s)
- Truck crane sales in China from FY 2010 to FY 2012* (in 1,000s)
- Growth in truck crane sales in China from FY 2010 to FY 2012*
- Growth in excavator sales in China from FY 2010 to FY 2012*
- Growth in loader sales in China from FY 2010 to FY 2012*
- Revenue of Zoomlion from 2008 to 2018 (in billion yuan)
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- Size of the global bearings market in 2014 and 2022 (in billion U.S. dollars)
- Manufacture of ovens, furnaces and furnace burners revenue in Norway from 2011 to 2022 (in million U.S. dollars)
- Canadian machine tool exports from 2010 to 2015 (in million U.S. dollars)
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