Authored By: Sarah
05 Aug 2023

Construction And Mining Equipment Market Growth Analysis | AB Volvo, Atlas Copco AB, and Caterpillar Inc. are among the key contributors

Competitive Benchmarking and Vendor Forecasts for 2023-2027

The Construction and mining equipment market size is a billion-dollar market in making with a forecast of USD 62.13 billion revenue growth with an accelerating growth at a CAGR of 6.7% between 2022 and 2027 with APAC estimated to contribute 49% to the growth.

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities.  Market players must distinguish their product and service offerings through a clear and unique value proposition in order to secure a substantial share of the market. Get a comprehensive report summary describing the market landscape in our data-backed report.

construction and mining equipment market size, construction and mining equipment market

Key Market Players at a Glance: Technavio's research report provides insights into the top market players and their product portfolio

Key Companies and their key offerings: Companies are implementing various strategic alliances, and partnerships, with their product/service launches, to enhance their presence in the market.

AB Volvo offers construction mining equipment such as wheel loaders, excavators, rigid haulers, and compactors.

Atlas Copco AB  offers construction mining equipment such as Angle Cable Nutrunner Tensor ES, Angle Cable Nutrunner Tensor SR, Angle Cable Nutrunner Tensor ST, and Angle Cable Nutrunner Tensor STR.

Some prominent names worth mentioning are Caterpillar Inc., CNH Industrial NV, Deere and Co, Doosan Corp., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, SANY Group, Schaeffler AG. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a Free Sample Report 

Construction And Mining Equipment Market: Market Highlights

  • The Construction and mining equipment market is segmented by Product (Loaders, Dozers, Excavators, Pulverizing screening equipment, and Crushing), Application (Infrastructure, Mineral mining, Residential building, and Metal mining), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
  • APAC led the market with 49% of the market growth set to originate from this region during the forecast period.
  • Expansion of construction and mining equipment manufacturing and distribution facilities is one of the primary factors driving the growth of the construction and mining equipment market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
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