In this report, the Global Heavy Equipment market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Heavy Equipment market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
Heavy equipment refers to heavy-duty vehicles, 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.
The leading manufactures mainly are Caterpillar, John Deere, KOMATSU, CNH Industrial and Kubota. Caterpillar is the largest manufacturer; its revenue of global market exceeds 6.07% in 2017. The next is John Deere and KOMATSU.
Market Analysis and Insights: Global Heavy Equipment Market
In 2019, the global Heavy Equipment market size was US$ 481150 million and it is expected to reach US$ 611720 million by the end of 2026, with a CAGR of 3.5% during 2021-2026.
Global Heavy Equipment Scope and Market Size
Heavy Equipment market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Heavy Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Heavy Equipment market is segmented into
Segment by Application, the Heavy Equipment market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Heavy Equipment Market Share Analysis
Heavy Equipment market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Heavy Equipment product introduction, recent developments, Heavy Equipment sales by region, type, application and by sales channel.
The major companies include:
Reasons to Buy This Research Report
- Complete access to Global Heavy Equipment market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Heavy Equipment markets including North America, Europe, MEA and Asia Pacific
- Global Heavy Equipment Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Heavy Equipment market segmentation
- Key trends, drivers and restraints for global Global Heavy Equipment market
- Challenges to market growth for Global Heavy Equipment manufacturers
- Key market opportunities of Global Heavy Equipment Industry
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