US Heavy-Duty Construction Equipment Market Growth, Size, Share, Industry Report and Forecast 2021-2027

The US heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The key aspect that drives the growth of the US heavy-duty construction equipment market is various investments by the country’s government for the infrastructural development in the country. For instance, in 2019, the US government allocated approximately $1 trillion for the novel infrastructural development in the country. The federal administration also financed approximately $67 billion for the maintenance and refurbishment of the existing establishments. Hence, a supportive government regulatory outlook promotes the infrastructural development in the country, which is likely to expand the US heavy-duty construction equipment industry over the forecast period.

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Furthermore, various ongoing projects and proposed projects are also likely to create a wide scope for the growth of the market. There are various mega projects including aerospace projects, disaster cleanups, energy projects, science & spacecraft projects, and many more. Hence, this is likely to create a wide scope for the growth of the US heavy-duty construction equipment market over the forecast period. Some of the projects include National Hockey League, UBS Arena in New York; CREATE in Illinois; Sound Transit 3           Seattle in Washington; San Francisco International Airport Redevelopment in San Francisco, California; and many others.  

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A full Report of US Heavy-Duty Construction Equipment Market is Available at:  https://www.omrglobal.com/industry-reports/us-heavy-duty-construction-equipment-market

 Market Coverage

·        Market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered- By Machinery Type, Applications, and Industry

·        Country Covered- The US

·        Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others

US Heavy-Duty Construction Equipment Market – Segmentation

 By Machinery Type

Earth Moving Equipment

·        Cranes

·        Loader & Backhoe

·        Telescopic Handlers

·        Excavators

·        Others (Graders, Trencher)

Material Handling Equipment

·        Hoists

·        Conveyors

·        Forklifts

·        Others (Industrial Trucks)

Other Heavy-Duty Construction Equipment

·        Concrete Mixers

·        Road Rollers

·        Stone Crushers

·        Dumpers

·        Tippers & Trailers

·        Others (Slurry Seal Machines)

By Applications

·        Excavation & Demolition

·        Heavy Lifting

·        Handling

·        Transportation

·        Recycling & Waste Management

·        Others (Tunneling)

By Industry

·        Construction & Infrastructure

·        Manufacturing

·        Mining

·        Others (Oil & Gas)

Company Profiles 

·        ASTEC Industries Inc.

·        Caterpillar Inc.

·        Deere & Co.

·        Hitachi Construction Machinery Co. Ltd.

·        Hyundai Heavy IndustriesCo. Ltd.

·        Komatsu Ltd.

·        Liebherr Group

·        Metso Corp.

·        Sumitomo Heavy Industries Ltd.

·        Terex Corp.

·        The Manitowoc Co., Inc.

·        Volvo Group

·        Wirtgen Group

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