Construction Equipment Market by Type (Excavator-Crawler & Mini, Loader-Backhoe, Skid-steer, Wheel, Dozer, Dump Truck, Others), Electric Equipment, Propulsion, Power Output, Application, Rental, Aftertreatment Device and Region - Global Forecast to 2025
出 版 商：MarketsandMarkets
出版日期：2020/11/04
頁 數：268頁
文件格式：PDF
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USD 6,650 (Multi-User License)
USD 8,150 (Global-User License)
USD 10,000 (Hard copy)
The global construction equipment market size is projected to reach USD 205.0 billion by 2025, from an estimated value of USD 169.3 billion in 2020, at a 3.9% CAGR. Rapid urbanization, increasing development of infrastructure in emerging economies of Asia, an increase in population and migration to cities, and a rise in disposable income drive the growth of the construction equipment market in Asia, and North America. The increasing number of infrastructure projects and mega construction projects are anticipated further to fuel the demand for construction equipment during the forecast period.
“The demand for dump truck market, by electric construction equipment is expected to the largest market owing to increasing demand for hybrid trucks”
Dump trucks, also known as the dumpers/ tipper dumpers/ tipper trucks, are used to carry materials such as sand, gravel, or dirt and waste materials from the site in surface and underground mining applications. It is equipped with hydraulic pistons in the front and an open-box bed hinged at the rear, which allows the materials to be dumped at the delivery site. Dump trucks are preferred generally for off-road applications with a terrain slope below 30 degrees. Major companies in the global electric dump truck market include Komatsu Ltd., Caterpillar, and Epiroc. A major chunk of the global electric dump truck market is currently held by hybrid mining dump trucks due to their higher capacity, power output, fuel efficiency, and reduced maintenance cost.
“Demand for Diesel Oxidation Catalyst (DOC) segment is expected to be the fastest-growing segment throughout the forecast period”
A DOC is mainly used to filter carbon and hydrocarbon emissions using palladium and aluminum oxide as a catalyst. It breaks down carbon and hydrocarbon into carbon dioxide and water, respectively. Since 2014, all diesel vehicles are equipped with DOCs. The reduction in HC and CO emissions using DOCs is estimated to be about 60–90%. In Asia Pacific, OEMs/manufacturers comply with the latest emission norms by adding DOC as a filtration device. This device is used in all emission standards, such as Stage III, Stage IV/Tier 4, and V/Tier 5 final equipment. As the Asian economies are moving toward more stringent emission norms, the use of DOC for emission reduction is expected to increase during the forecast period.
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Asia Pacific is projected to be the largest market throughout 2025
Asia Pacific is estimated to be the largest market due to an increase in infrastructure development in China, India, Japan, and Indonesia. The construction equipment market has experienced growth in the number of projects such as dams, airports, and hydroelectric projects. Many international companies have started their manufacturing plants in this region. Some man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow.
Some of the major projects driving this region's construction equipment market are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These megaprojects have led to an increase in investments and construction activities, thereby driving the region's construction equipment market.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
‧ By Company Type: OEM – 70%, Rental Companies - 30%
‧ By Designation: C Level - 40%, and Others – 60%
‧ By Region: Asia Pacific - 50%, Europe - 20%, North America – 15%, Middle East and ROW - 15%
Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden) are the leading manufacturers of construction equipment in the global market.
Research Coverage:
The study segments the construction equipment market and forecasts the market size based on Equipment Type (Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavator, Crawler Loader, Mini Excavator, Motor Grader, Motor Scraper, Rigid Dump Truck, Road Roller, RTLT Masted, RTLT Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loader >80 Hp, Wheeled Loader <80 Hp), Electric construction equipment by type (Dump Truck, Loader, Dozer, Excavator, Motor Grader), Engine Capacity (<5L, 5-10L, >10L), by Aftertreatment device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), Selective Catalytic Reduction (SCR)), Construction Equipment Rental market by Application (Commercial, Infrastructure, Residential), by Application (Commercial, Infrastructure, Residential), By Propulsion type (Diesel, CNG/LNG/RNG), By Power Output (<100 HP, 101–200 HP, 201–400 HP, >400 HP), Equipment category (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicle, Other Equipment), By Emission regulation (Stage II, Stage III, Stage IIIA, Stage IV, Stage V, Stage VI, Tier 4, Tier 5) and region (Asia, Europe, North America, Middle East and Rest of the World).
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.
“The demand for dump truck market, by electric construction equipment is expected to the largest market owing to increasing demand for hybrid trucks”
Dump trucks, also known as the dumpers/ tipper dumpers/ tipper trucks, are used to carry materials such as sand, gravel, or dirt and waste materials from the site in surface and underground mining applications. It is equipped with hydraulic pistons in the front and an open-box bed hinged at the rear, which allows the materials to be dumped at the delivery site. Dump trucks are preferred generally for off-road applications with a terrain slope below 30 degrees. Major companies in the global electric dump truck market include Komatsu Ltd., Caterpillar, and Epiroc. A major chunk of the global electric dump truck market is currently held by hybrid mining dump trucks due to their higher capacity, power output, fuel efficiency, and reduced maintenance cost.
“Demand for Diesel Oxidation Catalyst (DOC) segment is expected to be the fastest-growing segment throughout the forecast period”
A DOC is mainly used to filter carbon and hydrocarbon emissions using palladium and aluminum oxide as a catalyst. It breaks down carbon and hydrocarbon into carbon dioxide and water, respectively. Since 2014, all diesel vehicles are equipped with DOCs. The reduction in HC and CO emissions using DOCs is estimated to be about 60–90%. In Asia Pacific, OEMs/manufacturers comply with the latest emission norms by adding DOC as a filtration device. This device is used in all emission standards, such as Stage III, Stage IV/Tier 4, and V/Tier 5 final equipment. As the Asian economies are moving toward more stringent emission norms, the use of DOC for emission reduction is expected to increase during the forecast period.
?
Asia Pacific is projected to be the largest market throughout 2025
Asia Pacific is estimated to be the largest market due to an increase in infrastructure development in China, India, Japan, and Indonesia. The construction equipment market has experienced growth in the number of projects such as dams, airports, and hydroelectric projects. Many international companies have started their manufacturing plants in this region. Some man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow.
Some of the major projects driving this region's construction equipment market are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These megaprojects have led to an increase in investments and construction activities, thereby driving the region's construction equipment market.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
‧ By Company Type: OEM – 70%, Rental Companies - 30%
‧ By Designation: C Level - 40%, and Others – 60%
‧ By Region: Asia Pacific - 50%, Europe - 20%, North America – 15%, Middle East and ROW - 15%
Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden) are the leading manufacturers of construction equipment in the global market.
Research Coverage:
The study segments the construction equipment market and forecasts the market size based on Equipment Type (Articulated Dump Truck, Asphalt Finisher, Backhoe Loader, Crawler Dozer, Crawler Excavator, Crawler Loader, Mini Excavator, Motor Grader, Motor Scraper, Rigid Dump Truck, Road Roller, RTLT Masted, RTLT Telescopic, Skid-Steer Loader, Wheeled Excavator, Wheeled Loader >80 Hp, Wheeled Loader <80 Hp), Electric construction equipment by type (Dump Truck, Loader, Dozer, Excavator, Motor Grader), Engine Capacity (<5L, 5-10L, >10L), by Aftertreatment device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Exhaust Gas Recirculation (EGR), Selective Catalytic Reduction (SCR)), Construction Equipment Rental market by Application (Commercial, Infrastructure, Residential), by Application (Commercial, Infrastructure, Residential), By Propulsion type (Diesel, CNG/LNG/RNG), By Power Output (<100 HP, 101–200 HP, 201–400 HP, >400 HP), Equipment category (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicle, Other Equipment), By Emission regulation (Stage II, Stage III, Stage IIIA, Stage IV, Stage V, Stage VI, Tier 4, Tier 5) and region (Asia, Europe, North America, Middle East and Rest of the World).
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS & EXCLUSIONS 25
1.3 SUMMARY OF CHANGES 26
1.4 MARKET SCOPE 27
FIGURE 1 CONSTRUCTION EQUIPMENT MARKET SEGMENTATION 27
1.5 LIMITATIONS 28
1.6 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 CONSTRUCTION EQUIPMENT MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key secondary sources for equipment sales 31
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
2.1.2.1 Sampling techniques & data collection methods 33
2.1.2.2 Primary participants 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH: CONSTRUCTION EQUIPMENT MARKET
(EQUIPMENT TYPE, CATEGORY, REGIONAL & COUNTRY-LEVEL) 34
2.2.2 TOP-DOWN APPROACH: CONSTRUCTION EQUIPMENT MARKET (APPLICATION/PROPULSION/POWER OUTPUT/ENGINE CAPACITY) 35
2.2.3 BOTTOM-UP APPROACH: RENTAL CONSTRUCTION EQUIPMENT MARKET (APPLICATION AND REGION) 35
2.2.4 TOP-DOWN APPROACH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET (EQUIPMENT AND REGION) 35
2.3 DATA TRIANGULATION 36
FIGURE 5 DATA TRIANGULATION 36
2.4 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 39
3.1 PRE- VS POST-COVID-19 SCENARIO 39
FIGURE 6 PRE- VS POST-COVID-19 SCENARIO: CONSTRUCTION EQUIPMENT MARKET, 2018–2025 (USD MILLION) 39
TABLE 1 CONSTRUCTION EQUIPMENT MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION) 39
3.2 REPORT SUMMARY 40
FIGURE 7 CONSTRUCTION EQUIPMENT MARKET OUTLOOK 40
FIGURE 8 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 41
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN THE CONSTRUCTION EQUIPMENT MARKET 43
FIGURE 9 RISING DEMAND FOR URBAN INFRASTRUCTURE PROJECTS AND WHEELED LOADER WITH >80 HP EXPECTED TO DRIVE THE MARKET 43
4.2 CONSTRUCTION EQUIPMENT MARKET, BY REGION 44
FIGURE 10 ASIA PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 44
4.3 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 44
FIGURE 11 MATERIAL HANDLING EQUIPMENT SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025 44
4.4 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 45
FIGURE 12 WHEELED LOADER> 80 HP SEGMENT IS PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD 45
4.5 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 46
FIGURE 13 DUMP TRUCK PROJECTED TO BE THE LARGEST SEGMENT
FROM 2020 TO 2025 46
4.6 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 46
FIGURE 14 COMMERCIAL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 46
4.7 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION 47
FIGURE 15 COMMERCIAL SEGMENT IS EXPECTED TO HOLD LARGEST MARKET SHARE
IN 2020 47
4.8 CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE 47
FIGURE 16 SCR SEGMENT PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD 47
4.9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 48
FIGURE 17 100-200 HP SEGMENT PROJECTED TO LEAD THE MARKET
FROM 2020 TO 2025 48
4.10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 48
FIGURE 18 <5L SEGMENT IS ESTIMATED TO HOLD LARGEST MARKET SHARE IN 2020 48
4.11 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 49
FIGURE 19 CNG/LNG/RNG SEGMENT PROJECTED TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 YEARS CONSIDERED FOR THE STUDY 51
5.3 MARKET DYNAMICS 51
FIGURE 20 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES IN THE CONSTRUCTION EQUIPMENT MARKET 51
5.3.1 DRIVERS 52
5.3.1.1 Increase in infrastructure investments post the COVID-19 pandemic 52
5.3.1.2 OEM-centric connected features 52
5.3.2 RESTRAINTS 53
5.3.2.1 Decreased deal value of construction equipment projects 53
5.3.3 OPPORTUNITIES 54
5.3.3.1 COVID-19 pandemic to provide opportunities for companies offering construction equipment on rent 54
5.3.3.2 Electric and autonomous construction equipment 54
5.3.4 CHALLENGES 55
5.3.4.1 Lack of harmonized emission regulations globally 55
5.4 IMPACT OF COVID-19 ON THE CONSTRUCTION SECTOR 56
5.4.1 COVID-19 HEALTH ASSESSMENT 57
FIGURE 21 COVID-19 PROPAGATION: SELECT COUNTRIES 57
5.5 CONSTRUCTION EQUIPMENT MARKET SCENARIO 58
FIGURE 22 CONSTRUCTION EQUIPMENT MARKET SCENARIO,
2018–2025 (USD MILLION) 58
5.5.1 MOST LIKELY/REALISTIC SCENARIO 58
TABLE 2 CONSTRUCTION EQUIPMENT MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (USD MILLION) 58
5.5.2 HIGH COVID-19 IMPACT SCENARIO 59
TABLE 3 CONSTRUCTION EQUIPMENT MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION) 59
5.5.3 LOW COVID-19 IMPACT SCENARIO 59
TABLE 4 CONSTRUCTION EQUIPMENT MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION) 59
5.6 REVENUE SHIFT FOR CONSTRUCTION EQUIPMENT MANUFACTURERS 60
5.7 PRICING ANALYSIS 60
TABLE 5 AVERAGE PRICES OF CONSTRUCTION EQUIPMENT TYPES, 2019 61
5.8 TECHNOLOGICAL ANALYSIS 62
5.8.1 OVERVIEW 62
5.8.1.1 Autonomous construction equipment 62
5.8.1.2 Connected technologies 62
5.8.1.3 Grade control system 62
5.8.1.4 Payload weighing system 62
5.9 ECOSYSTEM 63
FIGURE 23 ECOSYSTEM: CONSTRUCTION EQUIPMENT MARKET 63
5.10 SUPPLY CHAIN 63
FIGURE 24 SUPPLY CHAIN ANALYSIS: CONSTRUCTION EQUIPMENT MARKET 63
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6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 65
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
6.1 INTRODUCTION 66
6.1.1 RESEARCH METHODOLOGY 66
6.1.2 ASSUMPTIONS/LIMITATIONS 66
6.1.3 INDUSTRY INSIGHTS 66
FIGURE 25 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 67
TABLE 6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2018–2025 (UNITS) 68
TABLE 7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2018–2025 (USD MILLION) 69
6.2 ARTICULATED DUMP TRUCK 69
6.2.1 MANEUVERABILITY OVER ROUGH TERRAIN DRIVE DEMAND OF THESE TRUCKS 69
TABLE 8 ARTICULATED DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 70
TABLE 9 ARTICULATED DUMP TRUCK MARKET, BY REGION,
2018–2025 (USD MILLION) 70
6.3 ASPHALT FINISHER 71
6.3.1 INVESTMENT IN ROAD CONSTRUCTION PROJECTS TO DRIVE THE DEMAND 71
TABLE 10 ASPHALT FINISHER MARKET, BY REGION, 2018–2025 (UNITS) 71
TABLE 11 ASPHALT FINISHER MARKET, BY REGION, 2018–2025 (USD MILLION) 71
6.4 BACKHOE LOADER 72
6.4.1 ABILITY TO PERFORM HEAVY TASKS DRIVE THE DEMAND FOR THIS EQUIPMENT 72
TABLE 12 BACKHOE LOADER MARKET, BY REGION, 2018–2025 (UNITS) 72
TABLE 13 BACKHOE LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 72
6.5 CRAWLER DOZER 73
6.5.1 GROWING INFRASTRUCTURE ACTIVITIES TO DRIVE THE DEMAND 73
TABLE 14 CRAWLER DOZER MARKET, BY REGION, 2018–2025 (UNITS) 73
TABLE 15 CRAWLER DOZER MARKET, BY REGION, 2018–2025 (USD MILLION) 73
6.6 CRAWLER EXCAVATOR 74
6.6.1 HEAVY INVESTMENTS IN INFRASTRUCTURE BY GOVERNMENT FUEL THIS SEGMENT 74
TABLE 16 CRAWLER EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 74
TABLE 17 CRAWLER EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 74
6.7 CRAWLER LOADER 75
6.7.1 DEMAND FOR CRAWLER LOADERS IS INCREASING OWING TO THEIR HIGH LIFTING CAPACITY, POWER & FLEXIBILITY 75
TABLE 18 CRAWLER LOADER MARKET, BY REGION, 2018–2025 (UNITS) 75
TABLE 19 CRAWLER LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 75
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6.8 MINI EXCAVATOR 76
6.8.1 LOW-FUEL CONSUMPTION AND REDUCED NOISE MAKE MINI EXCAVATORS MORE RELIABLE FOR USE 76
TABLE 20 MINI EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 76
TABLE 21 MINI EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 76
6.9 MOTOR GRADER 77
6.9.1 LOW-COST AND EFFICIENCY DRIVE THE DEMAND OF THIS EQUIPMENT 77
TABLE 22 MOTOR GRADER MARKET, BY REGION, 2018–2025 (UNITS) 77
TABLE 23 MOTOR GRADER MARKET, BY REGION, 2018–2025 (USD MILLION) 77
6.10 MOTOR SCRAPER 78
6.10.1 WIDE APPLICATION IN CONSTRUCTION SITE DRIVE THE DEMAND OF THIS EQUIPMENT 78
TABLE 24 MOTOR SCRAPER MARKET, BY REGION, 2018–2025 (UNITS) 78
TABLE 25 MOTOR SCRAPER MARKET, BY REGION, 2018–2025 (USD MILLION) 78
6.11 ROAD ROLLER 79
6.11.1 ROAD DEVELOPMENT PROJECTS FUEL THE DEMAND FOR ROAD ROLLERS 79
TABLE 26 ROAD ROLLER MARKET, BY REGION, 2018–2025 (UNITS) 79
TABLE 27 ROAD ROLLER MARKET, BY REGION, 2018–2025 (USD MILLION) 79
6.12 RIGID DUMP TRUCK 80
6.12.1 MANEUVERABILITY DRIVE THE DEMAND FOR THIS EQUIPMENT 80
TABLE 28 RIGID DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 80
TABLE 29 RIGID DUMP TRUCK MARKET, BY REGION, 2018–2025 (USD MILLION) 80
6.13 RTLT MASTED 81
6.13.1 RTLT MASTED IS USED TO OFFLOAD BRICKS ACROSS ROUGH TERRAIN 81
TABLE 30 RTLT MASTED MARKET, BY REGION, 2018–2025 (UNITS) 81
TABLE 31 RTLT MASTED MARKET, BY REGION, 2018–2025 (USD MILLION) 81
6.14 RTLT TELESCOPIC 82
6.14.1 MORE VERSATILITY COMPARED TO RTLT MASTED TO DRIVE THE DEMAND 82
TABLE 32 RTLT TELESCOPIC MARKET, BY REGION, 2018–2025 (UNITS) 82
TABLE 33 RTLT TELESCOPIC MARKET, BY REGION, 2018–2025 (USD MILLION) 82
6.15 SKID-STEER LOADER 83
6.15.1 DEMAND FOR ENERGY EFFICIENT EQUIPMENT FUEL THIS SEGMENT 83
TABLE 34 SKID-STEER LOADER MARKET, BY REGION, 2018–2025 (UNITS) 83
TABLE 35 SKID-STEER LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 83
6.16 WHEELED EXCAVATOR 84
6.16.1 EASE OF OPERATION DRIVE THE DEMAND FOR WHEELED EXCAVATORS 84
TABLE 36 WHEELED EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 84
TABLE 37 WHEELED EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 84
6.17 WHEELED LOADER <80 HP 85
6.17.1 SMALL-SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THIS EQUIPMENT 85
TABLE 38 WHEELED LOADER <80 HP MARKET, BY REGION, 2018–2025 (UNITS) 85
TABLE 39 WHEELED LOADER <80 HP MARKET, BY REGION, 2018–2025 (USD MILLION) 85
6.18 WHEELED LOADER >80 HP 86
6.18.1 LARGE SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THESE LOADERS 86
TABLE 40 WHEELED LOADER >80 HP MARKET, BY REGION, 2018–2025 (UNITS) 86
TABLE 41 WHEELED LOADER >80 HP MARKET, BY REGION, 2018–2025 (USD MILLION) 86
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 87
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
7.1 INTRODUCTION 88
7.1.1 RESEARCH METHODOLOGY 88
7.1.2 ASSUMPTIONS/LIMITATIONS 88
7.1.3 INDUSTRY INSIGHTS 88
FIGURE 26 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2020 & 2025 (USD MILLION) 89
TABLE 42 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2018–2025 (UNITS) 89
TABLE 43 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2018–2025 (USD MILLION) 89
7.2 EARTHMOVING EQUIPMENT 90
7.2.1 INCREASED CONSTRUCTION ACTIVITIES DRIVE THE DEMAND OF THIS EQUIPMENT 90
TABLE 44 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 90
TABLE 45 EARTHMOVING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 90
7.3 MATERIAL HANDLING EQUIPMENT 91
7.3.1 INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE THIS SEGMENT 91
TABLE 46 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 91
TABLE 47 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 91
7.4 HEAVY CONSTRUCTION VEHICLES 92
7.4.1 ROAD AND TUNNEL CONSTRUCTION PROJECTS TO DRIVE THE DEMAND 92
TABLE 48 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2025 (UNITS) 92
TABLE 49 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION,
2018–2025 (USD MILLION) 92
7.5 OTHERS 93
7.5.1 RISING URBAN INFRASTRUCTURE ACTIVITIES TO DRIVE THIS SEGMENT 93
TABLE 50 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 93
TABLE 51 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 93
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8 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 94
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
8.1 INTRODUCTION 95
8.1.1 RESEARCH METHODOLOGY 95
8.1.2 ASSUMPTIONS/LIMITATIONS 95
8.1.3 INDUSTRY INSIGHTS 95
FIGURE 27 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2020 & 2025 (USD MILLION) 96
TABLE 52 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2018–2025 (UNITS) 96
TABLE 53 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2018–2025 (USD MILLION) 96
8.2 DIESEL 97
8.2.1 DEMAND FOR HIGH TORQUE DRIVE DIESEL-POWERED EQUIPMENT 97
TABLE 54 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 97
TABLE 55 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 97
8.3 CNG/LNG/RNG 98
8.3.1 DEMAND FOR ALTERNATIVE FUELS WILL DRIVE THIS SEGMENT 98
TABLE 56 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 98
TABLE 57 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 99
9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 100
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
9.1 INTRODUCTION 101
9.1.1 RESEARCH METHODOLOGY 101
9.1.2 ASSUMPTIONS/LIMITATIONS 101
9.1.3 INDUSTRY INSIGHTS 101
FIGURE 28 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2020 & 2025 (USD MILLION) 102
TABLE 58 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2018–2025 (UNITS) 102
TABLE 59 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2018–2025 (USD MILLION) 102
9.2 <100 HP 103
9.2.1 ROAD MAINTENANCE AND REPAIR PROJECTS EXPECTED TO DRIVE THIS SEGMENT 103
TABLE 60 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 103
TABLE 61 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 103
9.3 101–200 HP 104
9.3.1 LOW MAINTENANCE COST OF CONSTRUCTION EQUIPMENT WITH 101-200 HP DRIVE THIS SEGMENT 104
TABLE 62 101-200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 104
TABLE 63 100-200HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 104
9.4 201–400 HP 105
9.4.1 INCREASING DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT 105
TABLE 64 201-400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 105
TABLE 65 201-400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 105
9.5 >400 HP 106
9.5.1 COMMERCIAL CONSTRUCTION PROJECTS EXPECTED TO DRIVE THIS SEGMENT 106
TABLE 66 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 106
TABLE 67 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 106
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 107
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
10.1 INTRODUCTION 108
10.1.1 RESEARCH METHODOLOGY 108
10.1.2 INDUSTRY INSIGHTS 108
FIGURE 29 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2020 & 2025 (USD MILLION) 109
TABLE 68 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2018–2025 (UNITS) 109
TABLE 69 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2018–2025 (USD MILLION) 109
10.2 <5L 110
10.2.1 DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT TO DRIVE THIS SEGMENT 110
TABLE 70 <5L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 110
TABLE 71 <5L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 110
10.3 5-10L 111
10.3.1 WIDE APPLICATION OF 5-10L ENGINES TO DRIVE THIS SEGMENT 111
TABLE 72 5-10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 111
TABLE 73 5-10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 111
10.4 >10L 112
10.4.1 DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT 112
TABLE 74 >10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 112
TABLE 75 >10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 112
11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 113
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
11.1 INTRODUCTION 114
11.1.1 RESEARCH METHODOLOGY 114
11.1.2 ASSUMPTIONS/LIMITATIONS 114
11.1.3 INDUSTRY INSIGHTS 114
FIGURE 30 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,
2020 & 2025 (USD MILLION) 115
TABLE 76 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 115
11.2 INFRASTRUCTURE 115
11.2.1 INVESTMENTS IN INFRASTRUCTURE PROJECTS EXPECTED TO DRIVE THE DEMAND FOR CONSTRUCTION EQUIPMENT 115
TABLE 77 INFRASTRUCTURE CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 116
11.3 COMMERCIAL 116
11.3.1 CONSTRUCTION OF OFFICE SPACES AND MANUFACTURING UNITS TO DRIVE THIS SEGMENT 116
TABLE 78 COMMERCIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 116
11.4 RESIDENTIAL 117
11.4.1 GROWING POPULATION AND URBAN CITY DEVELOPMENTS TO PROPEL THE USE CONSTRUCTION EQUIPMENT IN RESIDENTIAL SEGMENT 117
TABLE 79 RESIDENTIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 117
12 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 118
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
12.1 INTRODUCTION 119
12.1.1 RESEARCH METHODOLOGY 119
12.1.2 ASSUMPTIONS/LIMITATIONS 119
12.1.3 INDUSTRY INSIGHTS 119
FIGURE 31 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 120
TABLE 80 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2025 (UNITS) 120
TABLE 81 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION) 120
12.2 ELECTRIC DUMP TRUCK 121
12.2.1 DEMAND FOR HYBRID DUMP TRUCKS EXPECTED TO DRIVE THIS SEGMENT 121
TABLE 82 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 121
TABLE 83 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2025 (USD MILLION) 121
12.3 ELECTRIC DOZER 122
12.3.1 LOWER MAINTENANCE AND IMPROVED PRODUCTIVITY DRIVE THE DEMAND FOR DOZERS 122
TABLE 84 ELECTRIC DOZER MARKET, BY REGION, 2018–2025 (UNITS) 122
TABLE 85 ELECTRIC DOZER MARKET, BY REGION, 2018–2025 (USD MILLION) 122
12.4 ELECTRIC EXCAVATOR 123
12.4.1 DEMAND FOR MINI EXCAVATORS TO DRIVE THIS SEGMENT 123
TABLE 86 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 123
TABLE 87 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 123
12.5 ELECTRIC MOTOR GRADER 124
12.5.1 ROAD CONSTRUCTION PROJECTS EXPECTED TO DRIVE DEMAND FOR MOTOR GRADER 124
TABLE 88 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2025 (UNITS) 124
TABLE 89 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2025 (USD MILLION) 124
12.6 ELECTRIC LOADER 125
12.6.1 DEMAND FOR SKID AND COMPACT LOADERS EXPECTED TO FUEL THIS SEGMENT 125
TABLE 90 ELECTRIC LOADER MARKET, BY REGION, 2018–2025 (UNITS) 125
TABLE 91 ELECTRIC LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 125
13 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE 126
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
13.1 INTRODUCTION 127
13.1.1 RESEARCH METHODOLOGY 127
FIGURE 32 OFF-HIGHWAY EQUIPMENT EMISSION REGULATIONS, BY KEY COUNTRY, 2019-2030 128
TABLE 92 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE, 2018–2025 (UNITS) 129
13.2 STAGE II 129
TABLE 93 STAGE I/II EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 129
TABLE 94 STAGE II NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018-2025 130
13.3 STAGE III 130
TABLE 95 STAGE III A/B EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 130
TABLE 96 STAGE III NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 131
13.4 STAGE III A/B 131
TABLE 97 STAGE III A/B NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 131
13.5 STAGE IV 132
TABLE 98 STAGE IV EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 132
TABLE 99 STAGE IV NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 132
13.6 STAGE V 132
TABLE 100 STAGE V EMISSION STANDARDS FOR NON-ROAD ENGINES 133
TABLE 101 STAGE V NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 133
13.7 STAGE VI 133
TABLE 102 STAGE VI NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 133
13.8 TIER 4 134
TABLE 103 TIER 4 EMISSION STANDARDS FOR NON-ROAD ENGINES 134
TABLE 104 TIER 4 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 134
13.9 TIER 5 135
TABLE 105 TIER 5 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 135
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS & EXCLUSIONS 25
1.3 SUMMARY OF CHANGES 26
1.4 MARKET SCOPE 27
FIGURE 1 CONSTRUCTION EQUIPMENT MARKET SEGMENTATION 27
1.5 LIMITATIONS 28
1.6 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 CONSTRUCTION EQUIPMENT MARKET: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
2.1.1 SECONDARY DATA 31
2.1.1.1 Key secondary sources for equipment sales 31
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
2.1.2.1 Sampling techniques & data collection methods 33
2.1.2.2 Primary participants 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH: CONSTRUCTION EQUIPMENT MARKET
(EQUIPMENT TYPE, CATEGORY, REGIONAL & COUNTRY-LEVEL) 34
2.2.2 TOP-DOWN APPROACH: CONSTRUCTION EQUIPMENT MARKET (APPLICATION/PROPULSION/POWER OUTPUT/ENGINE CAPACITY) 35
2.2.3 BOTTOM-UP APPROACH: RENTAL CONSTRUCTION EQUIPMENT MARKET (APPLICATION AND REGION) 35
2.2.4 TOP-DOWN APPROACH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET (EQUIPMENT AND REGION) 35
2.3 DATA TRIANGULATION 36
FIGURE 5 DATA TRIANGULATION 36
2.4 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 39
3.1 PRE- VS POST-COVID-19 SCENARIO 39
FIGURE 6 PRE- VS POST-COVID-19 SCENARIO: CONSTRUCTION EQUIPMENT MARKET, 2018–2025 (USD MILLION) 39
TABLE 1 CONSTRUCTION EQUIPMENT MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION) 39
3.2 REPORT SUMMARY 40
FIGURE 7 CONSTRUCTION EQUIPMENT MARKET OUTLOOK 40
FIGURE 8 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 41
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN THE CONSTRUCTION EQUIPMENT MARKET 43
FIGURE 9 RISING DEMAND FOR URBAN INFRASTRUCTURE PROJECTS AND WHEELED LOADER WITH >80 HP EXPECTED TO DRIVE THE MARKET 43
4.2 CONSTRUCTION EQUIPMENT MARKET, BY REGION 44
FIGURE 10 ASIA PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 44
4.3 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 44
FIGURE 11 MATERIAL HANDLING EQUIPMENT SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025 44
4.4 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 45
FIGURE 12 WHEELED LOADER> 80 HP SEGMENT IS PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD 45
4.5 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 46
FIGURE 13 DUMP TRUCK PROJECTED TO BE THE LARGEST SEGMENT
FROM 2020 TO 2025 46
4.6 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 46
FIGURE 14 COMMERCIAL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 46
4.7 CONSTRUCTION EQUIPMENT RENTAL MARKET, BY APPLICATION 47
FIGURE 15 COMMERCIAL SEGMENT IS EXPECTED TO HOLD LARGEST MARKET SHARE
IN 2020 47
4.8 CONSTRUCTION EQUIPMENT MARKET, BY AFTERTREATMENT DEVICE 47
FIGURE 16 SCR SEGMENT PROJECTED TO LEAD THE MARKET DURING FORECAST PERIOD 47
4.9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 48
FIGURE 17 100-200 HP SEGMENT PROJECTED TO LEAD THE MARKET
FROM 2020 TO 2025 48
4.10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 48
FIGURE 18 <5L SEGMENT IS ESTIMATED TO HOLD LARGEST MARKET SHARE IN 2020 48
4.11 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 49
FIGURE 19 CNG/LNG/RNG SEGMENT PROJECTED TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 YEARS CONSIDERED FOR THE STUDY 51
5.3 MARKET DYNAMICS 51
FIGURE 20 MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES IN THE CONSTRUCTION EQUIPMENT MARKET 51
5.3.1 DRIVERS 52
5.3.1.1 Increase in infrastructure investments post the COVID-19 pandemic 52
5.3.1.2 OEM-centric connected features 52
5.3.2 RESTRAINTS 53
5.3.2.1 Decreased deal value of construction equipment projects 53
5.3.3 OPPORTUNITIES 54
5.3.3.1 COVID-19 pandemic to provide opportunities for companies offering construction equipment on rent 54
5.3.3.2 Electric and autonomous construction equipment 54
5.3.4 CHALLENGES 55
5.3.4.1 Lack of harmonized emission regulations globally 55
5.4 IMPACT OF COVID-19 ON THE CONSTRUCTION SECTOR 56
5.4.1 COVID-19 HEALTH ASSESSMENT 57
FIGURE 21 COVID-19 PROPAGATION: SELECT COUNTRIES 57
5.5 CONSTRUCTION EQUIPMENT MARKET SCENARIO 58
FIGURE 22 CONSTRUCTION EQUIPMENT MARKET SCENARIO,
2018–2025 (USD MILLION) 58
5.5.1 MOST LIKELY/REALISTIC SCENARIO 58
TABLE 2 CONSTRUCTION EQUIPMENT MARKET (REALISTIC SCENARIO), BY REGION, 2018–2025 (USD MILLION) 58
5.5.2 HIGH COVID-19 IMPACT SCENARIO 59
TABLE 3 CONSTRUCTION EQUIPMENT MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION) 59
5.5.3 LOW COVID-19 IMPACT SCENARIO 59
TABLE 4 CONSTRUCTION EQUIPMENT MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2018–2025 (USD MILLION) 59
5.6 REVENUE SHIFT FOR CONSTRUCTION EQUIPMENT MANUFACTURERS 60
5.7 PRICING ANALYSIS 60
TABLE 5 AVERAGE PRICES OF CONSTRUCTION EQUIPMENT TYPES, 2019 61
5.8 TECHNOLOGICAL ANALYSIS 62
5.8.1 OVERVIEW 62
5.8.1.1 Autonomous construction equipment 62
5.8.1.2 Connected technologies 62
5.8.1.3 Grade control system 62
5.8.1.4 Payload weighing system 62
5.9 ECOSYSTEM 63
FIGURE 23 ECOSYSTEM: CONSTRUCTION EQUIPMENT MARKET 63
5.10 SUPPLY CHAIN 63
FIGURE 24 SUPPLY CHAIN ANALYSIS: CONSTRUCTION EQUIPMENT MARKET 63
?
6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 65
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
6.1 INTRODUCTION 66
6.1.1 RESEARCH METHODOLOGY 66
6.1.2 ASSUMPTIONS/LIMITATIONS 66
6.1.3 INDUSTRY INSIGHTS 66
FIGURE 25 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 67
TABLE 6 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2018–2025 (UNITS) 68
TABLE 7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2018–2025 (USD MILLION) 69
6.2 ARTICULATED DUMP TRUCK 69
6.2.1 MANEUVERABILITY OVER ROUGH TERRAIN DRIVE DEMAND OF THESE TRUCKS 69
TABLE 8 ARTICULATED DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 70
TABLE 9 ARTICULATED DUMP TRUCK MARKET, BY REGION,
2018–2025 (USD MILLION) 70
6.3 ASPHALT FINISHER 71
6.3.1 INVESTMENT IN ROAD CONSTRUCTION PROJECTS TO DRIVE THE DEMAND 71
TABLE 10 ASPHALT FINISHER MARKET, BY REGION, 2018–2025 (UNITS) 71
TABLE 11 ASPHALT FINISHER MARKET, BY REGION, 2018–2025 (USD MILLION) 71
6.4 BACKHOE LOADER 72
6.4.1 ABILITY TO PERFORM HEAVY TASKS DRIVE THE DEMAND FOR THIS EQUIPMENT 72
TABLE 12 BACKHOE LOADER MARKET, BY REGION, 2018–2025 (UNITS) 72
TABLE 13 BACKHOE LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 72
6.5 CRAWLER DOZER 73
6.5.1 GROWING INFRASTRUCTURE ACTIVITIES TO DRIVE THE DEMAND 73
TABLE 14 CRAWLER DOZER MARKET, BY REGION, 2018–2025 (UNITS) 73
TABLE 15 CRAWLER DOZER MARKET, BY REGION, 2018–2025 (USD MILLION) 73
6.6 CRAWLER EXCAVATOR 74
6.6.1 HEAVY INVESTMENTS IN INFRASTRUCTURE BY GOVERNMENT FUEL THIS SEGMENT 74
TABLE 16 CRAWLER EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 74
TABLE 17 CRAWLER EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 74
6.7 CRAWLER LOADER 75
6.7.1 DEMAND FOR CRAWLER LOADERS IS INCREASING OWING TO THEIR HIGH LIFTING CAPACITY, POWER & FLEXIBILITY 75
TABLE 18 CRAWLER LOADER MARKET, BY REGION, 2018–2025 (UNITS) 75
TABLE 19 CRAWLER LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 75
?
6.8 MINI EXCAVATOR 76
6.8.1 LOW-FUEL CONSUMPTION AND REDUCED NOISE MAKE MINI EXCAVATORS MORE RELIABLE FOR USE 76
TABLE 20 MINI EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 76
TABLE 21 MINI EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 76
6.9 MOTOR GRADER 77
6.9.1 LOW-COST AND EFFICIENCY DRIVE THE DEMAND OF THIS EQUIPMENT 77
TABLE 22 MOTOR GRADER MARKET, BY REGION, 2018–2025 (UNITS) 77
TABLE 23 MOTOR GRADER MARKET, BY REGION, 2018–2025 (USD MILLION) 77
6.10 MOTOR SCRAPER 78
6.10.1 WIDE APPLICATION IN CONSTRUCTION SITE DRIVE THE DEMAND OF THIS EQUIPMENT 78
TABLE 24 MOTOR SCRAPER MARKET, BY REGION, 2018–2025 (UNITS) 78
TABLE 25 MOTOR SCRAPER MARKET, BY REGION, 2018–2025 (USD MILLION) 78
6.11 ROAD ROLLER 79
6.11.1 ROAD DEVELOPMENT PROJECTS FUEL THE DEMAND FOR ROAD ROLLERS 79
TABLE 26 ROAD ROLLER MARKET, BY REGION, 2018–2025 (UNITS) 79
TABLE 27 ROAD ROLLER MARKET, BY REGION, 2018–2025 (USD MILLION) 79
6.12 RIGID DUMP TRUCK 80
6.12.1 MANEUVERABILITY DRIVE THE DEMAND FOR THIS EQUIPMENT 80
TABLE 28 RIGID DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 80
TABLE 29 RIGID DUMP TRUCK MARKET, BY REGION, 2018–2025 (USD MILLION) 80
6.13 RTLT MASTED 81
6.13.1 RTLT MASTED IS USED TO OFFLOAD BRICKS ACROSS ROUGH TERRAIN 81
TABLE 30 RTLT MASTED MARKET, BY REGION, 2018–2025 (UNITS) 81
TABLE 31 RTLT MASTED MARKET, BY REGION, 2018–2025 (USD MILLION) 81
6.14 RTLT TELESCOPIC 82
6.14.1 MORE VERSATILITY COMPARED TO RTLT MASTED TO DRIVE THE DEMAND 82
TABLE 32 RTLT TELESCOPIC MARKET, BY REGION, 2018–2025 (UNITS) 82
TABLE 33 RTLT TELESCOPIC MARKET, BY REGION, 2018–2025 (USD MILLION) 82
6.15 SKID-STEER LOADER 83
6.15.1 DEMAND FOR ENERGY EFFICIENT EQUIPMENT FUEL THIS SEGMENT 83
TABLE 34 SKID-STEER LOADER MARKET, BY REGION, 2018–2025 (UNITS) 83
TABLE 35 SKID-STEER LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 83
6.16 WHEELED EXCAVATOR 84
6.16.1 EASE OF OPERATION DRIVE THE DEMAND FOR WHEELED EXCAVATORS 84
TABLE 36 WHEELED EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 84
TABLE 37 WHEELED EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 84
6.17 WHEELED LOADER <80 HP 85
6.17.1 SMALL-SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THIS EQUIPMENT 85
TABLE 38 WHEELED LOADER <80 HP MARKET, BY REGION, 2018–2025 (UNITS) 85
TABLE 39 WHEELED LOADER <80 HP MARKET, BY REGION, 2018–2025 (USD MILLION) 85
6.18 WHEELED LOADER >80 HP 86
6.18.1 LARGE SCALE CONSTRUCTION PROJECTS DRIVE THE DEMAND OF THESE LOADERS 86
TABLE 40 WHEELED LOADER >80 HP MARKET, BY REGION, 2018–2025 (UNITS) 86
TABLE 41 WHEELED LOADER >80 HP MARKET, BY REGION, 2018–2025 (USD MILLION) 86
7 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY 87
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
7.1 INTRODUCTION 88
7.1.1 RESEARCH METHODOLOGY 88
7.1.2 ASSUMPTIONS/LIMITATIONS 88
7.1.3 INDUSTRY INSIGHTS 88
FIGURE 26 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2020 & 2025 (USD MILLION) 89
TABLE 42 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2018–2025 (UNITS) 89
TABLE 43 CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT CATEGORY,
2018–2025 (USD MILLION) 89
7.2 EARTHMOVING EQUIPMENT 90
7.2.1 INCREASED CONSTRUCTION ACTIVITIES DRIVE THE DEMAND OF THIS EQUIPMENT 90
TABLE 44 EARTHMOVING EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 90
TABLE 45 EARTHMOVING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 90
7.3 MATERIAL HANDLING EQUIPMENT 91
7.3.1 INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE THIS SEGMENT 91
TABLE 46 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 91
TABLE 47 MATERIAL HANDLING EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 91
7.4 HEAVY CONSTRUCTION VEHICLES 92
7.4.1 ROAD AND TUNNEL CONSTRUCTION PROJECTS TO DRIVE THE DEMAND 92
TABLE 48 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION, 2018–2025 (UNITS) 92
TABLE 49 HEAVY CONSTRUCTION VEHICLES MARKET, BY REGION,
2018–2025 (USD MILLION) 92
7.5 OTHERS 93
7.5.1 RISING URBAN INFRASTRUCTURE ACTIVITIES TO DRIVE THIS SEGMENT 93
TABLE 50 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 93
TABLE 51 OTHER CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 93
?
8 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE 94
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
8.1 INTRODUCTION 95
8.1.1 RESEARCH METHODOLOGY 95
8.1.2 ASSUMPTIONS/LIMITATIONS 95
8.1.3 INDUSTRY INSIGHTS 95
FIGURE 27 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2020 & 2025 (USD MILLION) 96
TABLE 52 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2018–2025 (UNITS) 96
TABLE 53 CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION TYPE,
2018–2025 (USD MILLION) 96
8.2 DIESEL 97
8.2.1 DEMAND FOR HIGH TORQUE DRIVE DIESEL-POWERED EQUIPMENT 97
TABLE 54 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 97
TABLE 55 DIESEL: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 97
8.3 CNG/LNG/RNG 98
8.3.1 DEMAND FOR ALTERNATIVE FUELS WILL DRIVE THIS SEGMENT 98
TABLE 56 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 98
TABLE 57 CNG/LNG/RNG: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 99
9 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT 100
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
9.1 INTRODUCTION 101
9.1.1 RESEARCH METHODOLOGY 101
9.1.2 ASSUMPTIONS/LIMITATIONS 101
9.1.3 INDUSTRY INSIGHTS 101
FIGURE 28 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2020 & 2025 (USD MILLION) 102
TABLE 58 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2018–2025 (UNITS) 102
TABLE 59 CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,
2018–2025 (USD MILLION) 102
9.2 <100 HP 103
9.2.1 ROAD MAINTENANCE AND REPAIR PROJECTS EXPECTED TO DRIVE THIS SEGMENT 103
TABLE 60 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 103
TABLE 61 <100 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 103
9.3 101–200 HP 104
9.3.1 LOW MAINTENANCE COST OF CONSTRUCTION EQUIPMENT WITH 101-200 HP DRIVE THIS SEGMENT 104
TABLE 62 101-200 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 104
TABLE 63 100-200HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 104
9.4 201–400 HP 105
9.4.1 INCREASING DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT 105
TABLE 64 201-400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 105
TABLE 65 201-400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 105
9.5 >400 HP 106
9.5.1 COMMERCIAL CONSTRUCTION PROJECTS EXPECTED TO DRIVE THIS SEGMENT 106
TABLE 66 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 106
TABLE 67 >400 HP: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 106
10 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY 107
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
10.1 INTRODUCTION 108
10.1.1 RESEARCH METHODOLOGY 108
10.1.2 INDUSTRY INSIGHTS 108
FIGURE 29 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2020 & 2025 (USD MILLION) 109
TABLE 68 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2018–2025 (UNITS) 109
TABLE 69 CONSTRUCTION EQUIPMENT MARKET, BY ENGINE CAPACITY,
2018–2025 (USD MILLION) 109
10.2 <5L 110
10.2.1 DEMAND FOR COMPACT CONSTRUCTION EQUIPMENT TO DRIVE THIS SEGMENT 110
TABLE 70 <5L: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2025 (UNITS) 110
TABLE 71 <5L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 110
10.3 5-10L 111
10.3.1 WIDE APPLICATION OF 5-10L ENGINES TO DRIVE THIS SEGMENT 111
TABLE 72 5-10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 111
TABLE 73 5-10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 111
10.4 >10L 112
10.4.1 DEMAND FOR HEAVY CONSTRUCTION EQUIPMENT WILL DRIVE THIS SEGMENT 112
TABLE 74 >10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (UNITS) 112
TABLE 75 >10L: CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 112
11 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION 113
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
11.1 INTRODUCTION 114
11.1.1 RESEARCH METHODOLOGY 114
11.1.2 ASSUMPTIONS/LIMITATIONS 114
11.1.3 INDUSTRY INSIGHTS 114
FIGURE 30 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,
2020 & 2025 (USD MILLION) 115
TABLE 76 CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,
2018–2025 (USD MILLION) 115
11.2 INFRASTRUCTURE 115
11.2.1 INVESTMENTS IN INFRASTRUCTURE PROJECTS EXPECTED TO DRIVE THE DEMAND FOR CONSTRUCTION EQUIPMENT 115
TABLE 77 INFRASTRUCTURE CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 116
11.3 COMMERCIAL 116
11.3.1 CONSTRUCTION OF OFFICE SPACES AND MANUFACTURING UNITS TO DRIVE THIS SEGMENT 116
TABLE 78 COMMERCIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 116
11.4 RESIDENTIAL 117
11.4.1 GROWING POPULATION AND URBAN CITY DEVELOPMENTS TO PROPEL THE USE CONSTRUCTION EQUIPMENT IN RESIDENTIAL SEGMENT 117
TABLE 79 RESIDENTIAL CONSTRUCTION EQUIPMENT MARKET, BY REGION,
2018–2025 (USD MILLION) 117
12 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE 118
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
12.1 INTRODUCTION 119
12.1.1 RESEARCH METHODOLOGY 119
12.1.2 ASSUMPTIONS/LIMITATIONS 119
12.1.3 INDUSTRY INSIGHTS 119
FIGURE 31 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2020 & 2025 (USD MILLION) 120
TABLE 80 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2025 (UNITS) 120
TABLE 81 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2025 (USD MILLION) 120
12.2 ELECTRIC DUMP TRUCK 121
12.2.1 DEMAND FOR HYBRID DUMP TRUCKS EXPECTED TO DRIVE THIS SEGMENT 121
TABLE 82 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2025 (UNITS) 121
TABLE 83 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2025 (USD MILLION) 121
12.3 ELECTRIC DOZER 122
12.3.1 LOWER MAINTENANCE AND IMPROVED PRODUCTIVITY DRIVE THE DEMAND FOR DOZERS 122
TABLE 84 ELECTRIC DOZER MARKET, BY REGION, 2018–2025 (UNITS) 122
TABLE 85 ELECTRIC DOZER MARKET, BY REGION, 2018–2025 (USD MILLION) 122
12.4 ELECTRIC EXCAVATOR 123
12.4.1 DEMAND FOR MINI EXCAVATORS TO DRIVE THIS SEGMENT 123
TABLE 86 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2025 (UNITS) 123
TABLE 87 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2025 (USD MILLION) 123
12.5 ELECTRIC MOTOR GRADER 124
12.5.1 ROAD CONSTRUCTION PROJECTS EXPECTED TO DRIVE DEMAND FOR MOTOR GRADER 124
TABLE 88 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2025 (UNITS) 124
TABLE 89 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2025 (USD MILLION) 124
12.6 ELECTRIC LOADER 125
12.6.1 DEMAND FOR SKID AND COMPACT LOADERS EXPECTED TO FUEL THIS SEGMENT 125
TABLE 90 ELECTRIC LOADER MARKET, BY REGION, 2018–2025 (UNITS) 125
TABLE 91 ELECTRIC LOADER MARKET, BY REGION, 2018–2025 (USD MILLION) 125
13 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE 126
Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia, North America, Europe, Middle East and RoW
13.1 INTRODUCTION 127
13.1.1 RESEARCH METHODOLOGY 127
FIGURE 32 OFF-HIGHWAY EQUIPMENT EMISSION REGULATIONS, BY KEY COUNTRY, 2019-2030 128
TABLE 92 CONSTRUCTION EQUIPMENT MARKET, BY EMISSION REGULATION STAGE, 2018–2025 (UNITS) 129
13.2 STAGE II 129
TABLE 93 STAGE I/II EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 129
TABLE 94 STAGE II NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018-2025 130
13.3 STAGE III 130
TABLE 95 STAGE III A/B EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 130
TABLE 96 STAGE III NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 131
13.4 STAGE III A/B 131
TABLE 97 STAGE III A/B NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 131
13.5 STAGE IV 132
TABLE 98 STAGE IV EMISSION STANDARDS FOR NON-ROAD DIESEL ENGINES 132
TABLE 99 STAGE IV NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 132
13.6 STAGE V 132
TABLE 100 STAGE V EMISSION STANDARDS FOR NON-ROAD ENGINES 133
TABLE 101 STAGE V NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 133
13.7 STAGE VI 133
TABLE 102 STAGE VI NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 133
13.8 TIER 4 134
TABLE 103 TIER 4 EMISSION STANDARDS FOR NON-ROAD ENGINES 134
TABLE 104 TIER 4 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 134
13.9 TIER 5 135
TABLE 105 TIER 5 NON-ROAD CONSTRUCTION EQUIPMENT DIESEL ENGINES,
BY REGION, 2018–2025 (UNITS) 135
