Please Wait.....
Report
Asia Pacific Construction Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Equipment Type (Heavy Construction Vehicles, Earthmoving Equipment, Material Handling Equipment, and Others) and Application (Residential, Commercial, and Industrial)
Market Report I 2022-09-20 I 135 Pages I The Insight Partners
The construction equipment market in Asia Pacific is expected to grow from US$45,566.78 million in 2022 to US$85,836.45 million by 2028. It is estimated to grow at a CAGR of 11.1% from 2022 to 2028.
Electrification is shaping the construction equipment industry, which presents substantial opportunities and design options. Electrification has risen in most market categories, including construction equipment for automobiles, buses, and other vehicles.
The maturation and affordability of modern technologies and the tightening of pollution restrictions offer feasibility to electrification, which has altered the future of the construction equipment business. Several cities across the region have issued prohibitions on the use of diesel within city borders, affecting construction equipment operations in certain areas. Strong pollution standards for heavy machinery and equipment use are being imposed in China. With the usage of electric construction equipment, these rules related to emission and noise pollution criteria can be easily fulfilled. The TA15 is the culmination of years of work on prior concept models. The machine is now a part of the TARA autonomous transportation solution consisting of several components, such as base vehicles (multiple TA15s), and required infrastructures, such as a charging station and control tower connected to cloud solutions tailored to customer operation requirements, maintenance, and repair support, and the set-up of the practical operation, which varies from site to site. The TA15 is designed to deliver material in repeating flows in off-road locations, such as quarries. The number of machines and charging stations required will largely be determined by the desired production/transport volumes and the haul cycle. The continuous advancements in electric variants of existing/new products provide lucrative opportunities for the construction equipment market growth during the forecasted period.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific construction equipment market at a substantial CAGR during the forecast period.
Asia Pacific Construction Equipment Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Construction Equipment Market Segmentation
The Asia Pacific construction equipment market is segmented by equipment type, application, and country.
Based on equipment type, the market is segmented into heavy construction vehicles, earthmoving equipment, material-handling equipment, and others. In 2022, the material-handling equipment segment held a larger market share and is expected to register a higher CAGR during the forecast period.
Based on application, the market is segmented into residential, commercial, and industrial. The commercial segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period.
Based on country, the regional market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. In 2022, China held a larger market share. It is also expected to register a higher CAGR during the forecast period.
Caterpillar Inc.; CNH Industrial N.V.; Komatsu Ltd.; Liebherr; Terex Corporation; Zoomlion Heavy Industry Science & Technology Co., Ltd.; J C Bamford Excavators Ltd. (JCB); Deere & Company; AB Volvo; and Hitachi Construction Machinery Co., Ltd. are among the leading companies in the Asia Pacific construction equipment market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Construction Equipment Market - By Equipment Type
1.3.2 Asia Pacific Construction Equipment Market - By Application
1.3.3 Asia Pacific Construction Equipment Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Construction Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Construction Equipment Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Infrastructure Investments Post COVID-19 Pandemic
5.1.2 Raising Focus on Public-Private Partnerships (PPP)
5.2 Market Restraints
5.2.1 Diminishing Deal Value of Construction Equipment Projects
5.3 Market Opportunities
5.3.1 Widening Technological Innovations in Construction Equipment
5.4 Future Trends
5.4.1 Broadening Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Construction Equipment Market Analysis
6.1 Asia Pacific Construction Equipment Market Overview
6.2 Asia Pacific Construction Equipment Market Forecast and Analysis
7. Asia Pacific Construction Equipment Market - By Type
7.1 Overview
7.2 Asia Pacific Construction Equipment Market, By Equipment Type (2021 and 2028)
7.3 Heavy Construction Vehicles
7.3.1 Overview
7.3.2 Heavy Construction Vehicles: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Earthmoving Equipment
7.4.1 Overview
7.4.2 Earthmoving Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Material-Handling Equipment
7.5.1 Overview
7.5.2 Material-Handling Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Construction Equipment Market - By Application
8.1 Overview
8.2 Asia Pacific Construction Equipment Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Construction Equipment Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Construction Equipment Market, by Key Country
9.1.1.1 Australia: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Construction Equipment Market, By Equipment Type
9.1.1.1.2 Australia: Construction Equipment Market, By Application
9.1.1.2 China: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Construction Equipment Market, By Equipment Type
9.1.1.2.2 China: Construction Equipment Market, By Application
9.1.1.3 India: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Construction Equipment Market, By Equipment Type
9.1.1.3.2 India: Construction Equipment Market, By Application
9.1.1.4 Japan: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Construction Equipment Market, By Equipment Type
9.1.1.4.2 Japan: Construction Equipment Market, By Application
9.1.1.5 South Korea: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Construction Equipment Market, By Equipment Type
9.1.1.5.2 South Korea: Construction Equipment Market, By Application
9.1.1.6 Rest of APAC: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Construction Equipment Market, By Equipment Type
9.1.1.6.2 Rest of APAC: Construction Equipment Market, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Caterpillar Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 CNH Industrial N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Komatsu Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Liebherr
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Terex Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Zoomlion Heavy Industry Science&Technology Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 J C Bamford Excavators Ltd. (JCB)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Deere & Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 AB Volvo
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Hitachi Construction Machinery Co., Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Construction Equipment Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. APAC: Construction Equipment Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Construction Equipment Market, By Equipment Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of APAC: Construction Equipment Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Construction Equipment Market
LIST OF FIGURES
Figure 1. Asia Pacific Construction Equipment Market Segmentation
Figure 2. Asia Pacific Construction Equipment Market Segmentation -Country
Figure 3. Asia Pacific Construction Equipment Market Overview
Figure 4. Asia Pacific Construction Equipment Market, By Equipment Type
Figure 5. Asia Pacific Construction Equipment Market, By Country
Figure 6. Asia Pacific PEST Analysis
Figure 7. Asia Pacific Construction Equipment Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Construction Equipment Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Construction Equipment Market, Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific Construction Equipment Market Revenue Share, By Equipment Type (2021 and 2028)
Figure 12. Heavy Construction Vehicles: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Earthmoving Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Material-Handling Equipment: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Construction Equipment Market Revenue Share, By Application (2021 and 2028)
Figure 17. Commercial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Residential: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Industrial: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Geographic Overview of Asia Pacific Construction Equipment Market
Figure 21. Asia Pacific: Construction Equipment Market Revenue Share, by Key Country (2021 & 2028)
Figure 22. Australia: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of APAC: Construction Equipment Market - Revenue and Forecast to 2028 (US$ Million)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security