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Heavy Duty Equipment Market - Global Outlook and Forecast 2022-2028

Heavy Duty Equipment Market - Global Outlook and Forecast 2022-2028

  • Published on : 05 July 2022
  • Pages :117
  • Report Code:SMR-7184385

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Report overview

Heavy duty equipment is specially designed for executing construction tasks, most frequently ones involving earthwork operations.They usually comprise five equipment systems: implement, traction, structure, power train, control and information.Heavy equipment functions through the mechanical advantage of a simple machine, the ratio between input force applied and force exerted is multiplied. Some equipment uses hydraulic drives as a primary source of motion.
This report contains market size and forecasts of Heavy Duty Equipment in global, including the following market information:
Global Heavy Duty Equipment Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Heavy Duty Equipment Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Heavy Duty Equipment companies in 2021 (%)
The global Heavy Duty Equipment market was valued at 529960 million in 2021 and is projected to reach US$ 652010 million by 2028, at a CAGR of 3.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Track-type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Heavy Duty Equipment include Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth and Navistar, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Heavy Duty Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heavy Duty Equipment Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Heavy Duty Equipment Market Segment Percentages, by Type, 2021 (%)
Track-type
Grader
Pipelayer
Scraper
Loader
Others
Global Heavy Duty Equipment Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Heavy Duty Equipment Market Segment Percentages, by Application, 2021 (%)
Manufacturing
Power
Rail
Oil & Gas
Construction
Others
Global Heavy Duty Equipment Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Heavy Duty Equipment Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heavy Duty Equipment revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Heavy Duty Equipment revenues share in global market, 2021 (%)
Key companies Heavy Duty Equipment sales in global market, 2017-2022 (Estimated), (Units)
Key companies Heavy Duty Equipment sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Daimler
Dongfeng
Eicher Motors
FCA
Ford Motor Company
Freightliner
General Motors
Kenworth
Navistar
Nissan
Oshkosh Corporation
Paccar
Peterbilt
ScaniaAB
Tata Motors
Toyota
Volkswagen
Volvo
China National Heavy Duty