World Construction Machinery

As Quoted In Equipment World

Gains will be fueled primarily by the Asia/Pacific region, particularly China, where the market will climb rapidly as construction spending, especially on infrastructure projects, continues to rise.

World demand to rise 6% annually through 2017

Global demand for construction machinery is expected to rise 6.0 percent per year to $189 billion in 2017, accelerating from the 2007-2012 pace. This expansion will be fueled primarily by growth in the Asia/Pacific region, particularly China, where the market will climb at a double-digit annual rate as construction spending, especially on infrastructure projects, continues to increase. Although construction equipment sales in Western Europe were weak in 2012 due to a recession in many European Union countries, the market will rebound through 2017 as operators replace outdated machinery with more advanced units in an improving environment for construction spending. In contrast, strong sales in North America in 2012, particularly in the United States, will result in slower average demand gains through 2017. Many operators in the region have recently replaced older machines in expectation of faster economic growth and increased construction spending, which will lead to a lull in replacement sales for the next few years.

Construction machinery market advances in Central and South America will slow through 2017 after posting a strong expansion from 2007 to 2012, which was supported by significant investments in large mining projects in several countries in the region. After suffering in 2012 due to economic recessions in several nations, sales growth in Eastern Europe will accelerate through 2017 as construction spending returns to healthier levels amid an improving economic landscape. Both Central and South America and Eastern Europe will experience moderate distortions in construction equipment demand going forward as Brazil and Russia, the largest markets in their respective regions, are each slated to host an installment of both the Olympics and the FIFA World Cup, supporting demand for new building and infrastructure construction. After experiencing oversupply issues over the 2007-2012 period in some of the region’s wealthier nations, the market in the Africa/Mideast region will advance at a faster pace through 2017.

Excavators, loaders to be fastest growing products

Excavators and loaders will record the fastest sales growth through 2017, as both construction spending and investment in mining projects climb. These products are extremely versatile and can be used in a wide range of construction and mining applications, making them attractive investments for operators in both developed and developing nations. While suppliers of dozers and off-highway trucks will also benefit somewhat from an increase in mining investment, demand for these products will expand at a pace below the overall market average because of their generally large size and price.

Study Scope

This study analyzes the $141.5 billion world construction machinery industry. It presents historical demand data for the years 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., loaders, cranes and draglines, excavators, dozers and off-highway trucks, mixers and pavers, graders and rollers), world region, and for 33 countries.

The study also considers market environment variables, details industry structure, evaluates company market share and profiles 38 industry participants, including Caterpillar, Komatsu, and Hitachi Construction Machinery.

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  1. World Construction Machinery

    $6,300.00

    1. 1 INTRODUCTION

      $213.00

    2. 2 EXECUTIVE SUMMARY

      $120.00

      1. Table | WORLD CONSTRUCTION MACHINERY DEMAND (billion dollars)

    3. 3 MARKET ENVIRONMENT

      $1,358.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $274.00

        1. 3.2.1 Recent Historical Trends

          $96.00

        2. 3.2.2 World Economic Outlook

          $134.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2011 dollars)

      3. 3.3 World Population Overview

        $151.00

        1. 3.3.1 Population

          $82.00

          1. Table | WORLD POPULATION BY REGION (million persons)

        2. 3.3.2 Urban Population

          $82.00

          1. Table | WORLD URBAN POPULATION BY REGION (million persons)

      4. 3.4 World Construction Outlook

        $293.00

        1. Table | WORLD CONSTRUCTION EXPENDITURES BY TYPE & REGION (billion 2011 dollars)

        2. 3.4.1 Nonbuilding

          $82.00

          1. Table | WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2011 dollars)

        3. 3.4.2 Residential Building

          $82.00

          1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2011 dollars)

        4. 3.4.3 Nonresidential Building

          $82.00

          1. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2011 dollars)

      5. 3.5 Pricing Patterns

        $163.00

        1. Table | WORLD CONSTRUCTION MACHINERY PRICES (2011=100)

      6. 3.6 Legal & Regulatory Environment

        $98.00

      7. 3.7 Technology Trends

        $168.00

      8. 3.8 Used, Remanufactured, &Rented Machinery

        $157.00

    4. 4 WORLD SUPPLY & DEMAND

      $1,268.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $371.00

        1. 4.2.1 Demand

          $130.00

          1. Table | WORLD CONSTRUCTION MACHINERY DEMAND BY REGION (billion dollars)

        2. 4.2.2 Production

          $140.00

          1. Table | WORLD CONSTRUCTION MACHINERY SHIPMENTS BY REGION (billion dollars)

        3. 4.2.3 International Trade

          $89.00

          1. Table | WORLD CONSTRUCTION MACHINERY NET EXPORTS BY REGION (million dollars)

      3. 4.3 Demand by Product

        $738.00

        1. Table | WORLD CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        2. 4.3.1 Loaders

          $107.00

          1. Table | WORLD LOADER DEMAND BY REGION (million dollars)

        3. 4.3.2 Cranes & Draglines

          $118.00

          1. Table | WORLD CRANE & DRAGLINE DEMAND BY REGION (million dollars)

        4. 4.3.3 Excavators

          $92.00

          1. Table | WORLD EXCAVATOR DEMAND BY REGION (million dollars)

        5. 4.3.4 Dozers & Off-Highway Trucks

          $113.00

          1. Table | WORLD DOZER & OFF-HIGHWAY TRACTOR DEMAND BY REGION (million dollars)

        6. 4.3.5 Mixers, Pavers, &Related Equipment

          $91.00

          1. Table | WORLD MIXER, PAVER, &RELATED EQUIPMENT DEMAND BY REGION (million dollars)

        7. 4.3.6 Graders, Rollers, &Related Equipment

          $94.00

          1. Table | GRADER, ROLLER, &RELATED EQUIPMENT DEMAND BY REGION (million dollars)

        8. 4.3.7 Parts & Attachments

          $82.00

          1. Table | WORLD CONSTRUCTION MACHINERY PARTS & ATTACHMENTS DEMAND BY REGION (million dollars)

      4. 4.4 Rental & Leasing Markets

        $95.00

    5. 5 NORTH AMERICA

      $928.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Construction Machinery Supply & Demand

        $90.00

        1. Table | NORTH AMERICA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

      3. 5.3 North America: Construction Machinery Outlook & Suppliers

        $105.00

        1. Table | NORTH AMERICA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      4. 5.4 United States

        $247.00

        1. Table | UNITED STATES: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | UNITED STATES: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      5. 5.5 Canada

        $214.00

        1. Table | CANADA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million US dollars)

        2. Table | CANADA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million US dollars)

      6. 5.6 Mexico

        $220.00

        1. Table | MEXICO: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | MEXICO: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

    6. 6 WESTERN EUROPE

      $2,005.00

      1. 6.1 Western Europe: General

        $82.00

      2. 6.2 Western Europe: Construction Machinery Supply & Demand

        $82.00

        1. Table | WESTERN EUROPE: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

      3. 6.3 Western Europe: Construction Machinery Outlook & Suppliers

        $112.00

        1. Table | WESTERN EUROPE: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      4. 6.4 Germany

        $231.00

        1. Table | GERMANY: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | GERMANY: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      5. 6.5 France

        $203.00

        1. Table | FRANCE: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | FRANCE: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      6. 6.6 United Kingdom

        $205.00

        1. Table | UNITED KINGDOM: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | UNITED KINGDOM: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      7. 6.7 Italy

        $211.00

        1. Table | ITALY: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | ITALY: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      8. 6.8 Spain

        $213.00

        1. Table | SPAIN: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | SPAIN: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      9. 6.9 Other Western Europe

        $680.00

        1. Table | OTHER WESTERN EUROPE: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | OTHER WESTERN EUROPE: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        3. Table | OTHER WESTERN EUROPE: CONSTRUCTION MACHINERY SUPPLY & DEMAND BY COUNTRY (million dollars)

    7. 7 ASIA/PACIFIC

      $2,073.00

      1. 7.1 Asia/Pacific: General

        $82.00

      2. 7.2 Asia/Pacific: Construction Machinery Supply & Demand

        $82.00

        1. Table | ASIA/PACIFIC: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

      3. 7.3 Asia/Pacific: Construction Machinery Outlook & Suppliers

        $98.00

        1. Table | ASIA/PACIFIC: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      4. 7.4 China

        $252.00

        1. Table | CHINA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | CHINA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      5. 7.5 Japan

        $196.00

        1. Table | JAPAN: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | JAPAN: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      6. 7.6 India

        $244.00

        1. Table | INDIA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | INDIA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      7. 7.7 South Korea

        $219.00

        1. Table | SOUTH KOREA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | SOUTH KOREA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      8. 7.8 Australia

        $200.00

        1. Table | AUSTRALIA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million US dollars)

        2. Table | AUSTRALIA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million US dollars)

      9. 7.9 Indonesia

        $225.00

        1. Table | INDONESIA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | INDONESIA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      10. 7.10 Other Asia/Pacific

        $509.00

        1. Table | OTHER ASIA/PACIFIC: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        2. Table | OTHER ASIA/PACIFIC: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        3. Table | OTHER ASIA/PACIFIC: CONSTRUCTION MACHINERY SUPPLY & DEMAND BY COUNTRY (million dollars)

    8. 8 OTHER REGIONS

      $2,457.00

      1. 8.1 Central & South America

        $908.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: Construction Machinery Supply & Demand

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        3. 8.1.3 Central & South America: Construction Machinery Outlook & Suppliers

          $97.00

          1. Table | CENTRAL & SOUTH AMERICA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        4. 8.1.4 Brazil

          $254.00

          1. Table | BRAZIL: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

          2. Table | BRAZIL: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        5. 8.1.5 Other Central & South America

          $410.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

          3. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION MACHINERY SUPPLY & DEMAND BY COUNTRY (million dollars)

      2. 8.2 Eastern Europe

        $887.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: Construction Machinery Supply & Demand

          $82.00

          1. Table | EASTERN EUROPE: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        3. 8.2.3 Eastern Europe: Construction Machinery Outlook & Suppliers

          $107.00

          1. Table | EASTERN EUROPE: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        4. 8.2.4 Russia

          $228.00

          1. Table | RUSSIA: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

          2. Table | RUSSIA: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        5. 8.2.5 Poland

          $198.00

          1. Table | POLAND: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

          2. Table | POLAND: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

        6. 8.2.6 Other Eastern Europe

          $225.00

          1. Table | OTHER EASTERN EUROPE: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

          2. Table | OTHER EASTERN EUROPE: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

      3. 8.3 Africa/Mideast

        $661.00

        1. 8.3.1 Africa/Mideast: General

          $82.00

        2. 8.3.2 Africa/Mideast: Construction Machinery Supply & Demand

          $82.00

          1. Table | AFRICA/MIDEAST: CONSTRUCTION MACHINERY SUPPLY & DEMAND (million dollars)

        3. 8.3.3 Africa/Mideast: Construction Machinery Outlook & Suppliers

          $528.00

          1. Table | AFRICA/MIDEAST: CONSTRUCTION MACHINERY DEMAND BY PRODUCT (million dollars)

          2. Table | AFRICA/MIDEAST: CONSTRUCTION MACHINERY SUPPLY & DEMAND BY COUNTRY (million dollars)

    9. 9 INDUSTRY STRUCTURE

      $6,339.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $82.00

        1. Table | CONSTRUCTION MACHINERY SALES FOR SELECTED COMPANIES, 2012 (million dollars)

      3. 9.3 Market Share

        $294.00

      4. 9.4 Product Development & Manufacturing

        $123.00

      5. 9.5 Marketing & Distribution

        $91.00

      6. 9.6 Cooperative Agreements

        $304.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 9.7 Financial Requirements

        $82.00

      8. 9.8 Mergers & Acquisitions

        $138.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 9.9 Company Profiles

        $5,849.00

        1. 9.9.1 Astec Industries Incorporated

          $210.00

        2. 9.9.2 Atlas Copco AB

          $106.00

        3. 9.9.3 Belarusian Autoworks OJSC

          $82.00

        4. 9.9.4 BEML Limited

          $82.00

        5. 9.9.5 Caterpillar Incorporated

          $341.00

        6. 9.9.6 Chelyabinsk Tractor Plant-Uraltrac Limited

          $82.00

        7. 9.9.7 Concern Tractor Plants NV

          $82.00

        8. 9.9.8 Deere & Company

          $263.00

        9. 9.9.9 Doosan Infracore Company Limited

          $192.00

        10. 9.9.10 Fiat Industrial SpA

          $197.00

        11. 9.9.11 Groupe Fayat

          $154.00

        12. 9.9.12 Guangxi LiuGong Machinery Company Limited

          $82.00

        13. 9.9.13 Herrenknecht AG

          $110.00

        14. 9.9.14 Hitachi Limited

          $298.00

        15. 9.9.15 Hyundai Heavy Industries Company Limited

          $113.00

        16. 9.9.16 JCB Limited

          $109.00

        17. 9.9.17 Kobe Steel Limited

          $216.00

        18. 9.9.18 Komatsu Limited

          $302.00

        19. 9.9.19 Kubota Corporation

          $131.00

        20. 9.9.20 Liebherr-International AG

          $190.00

        21. 9.9.21 Lonking Holdings Limited

          $102.00

        22. 9.9.22 Manitou BF SA

          $101.00

        23. 9.9.23 Manitowoc Company Incorporated

          $189.00

        24. 9.9.24 Mitsubishi Heavy Industries Limited

          $150.00

        25. 9.9.25 Oshkosh Corporation

          $166.00

        26. 9.9.26 PALFINGER AG

          $156.00

        27. 9.9.27 SANY Heavy Industry Company Limited

          $198.00

        28. 9.9.28 Shantui Construction Machinery Company Limited

          $118.00

        29. 9.9.29 Sumitomo Heavy Industries Limited

          $120.00

        30. 9.9.30 Tadano Limited

          $125.00

        31. 9.9.31 Tata Motors Limited

          $87.00

        32. 9.9.32 Terex Corporation

          $204.00

        33. 9.9.33 Volvo AB

          $199.00

        34. 9.9.34 Wacker Neuson SE

          $127.00

        35. 9.9.35 Wirtgen Group

          $137.00

        36. 9.9.36 Xiamen XGMA Machinery Company Limited

          $82.00

        37. 9.9.37 Xuzhou Construction Machinery Group Company Limited

          $131.00

        38. 9.9.38 Zoomlion Heavy Industry Science and Technology Company Limited

          $153.00

      10. 9.10 Other Companies Mentioned in Study

        $256.00

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