Asia-Pacific Heavy Construction Equipment Market Research Report, By Types (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others (Cranes, Excavator, Dozer)), By applications (Mining & Excavation, Earthmoving, Transportation, Lifting, Material Handling, Others), end-users (Oil & Gas Industry, Construction Industry, Military, Mining, Agriculture & Forestry and Others) - Forecast to 2032

Asia-pacific Heavy Construction Equipment Market Overview

Asia-Pacific Heavy Construction Equipment market Size was valued at USD 74,232.4 Billion in 2023. The Asia-Pacific Heavy Construction Equipment market industry is projected to grow from USD 80,064.8 Billion in 2024 to USD 1,53,407.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.47% during the forecast period (2024 - 2032).

Asia-Pacific Heavy Construction Equipment can be understood as a specialized method of construction based on industrially prefabricated construction systems. It is a viable option as it is a quick, safe, and quality construction assembly, which does not require any additional time for drying. There has been a vast and reliable rise in the demand for Asia-Pacific Heavy Construction Equipment due to urbanization and industrial growth, across the world, during the historic forecast period in 2019. As a result, Asia-Pacific Heavy Construction Equipment is being widely adopted in the construction of offices, homes, and other structures.

COVID 19 Analysis

The Asia-Pacific Heavy Construction Equipment market has been deeply impacted and has witnessed a negative impact on the product demand in recent months owing to the lockdowns imposed in the majority of the countries due to the outbreak of the novel COVID-19 in December 2019, followed by the rising cases in the international scale in 2020. Several market countries, including the prominent ones like Italy, the U.S., and India, as a part of the market, have witnessed curfew-like situations where businesses except for the essential services with minimal workforce were not allowed to carry out their operations.

In addition, most of the construction projects were temporarily shut down by the restrictions imposed in recent months to prevent the spread of COVID-19. The factors mentioned above have significantly impacted the demand for Asia-Pacific Heavy Construction Equipments in the last few months. As a result, the Asia-Pacific Heavy Construction Equipment Market producers and manufacturers and the overall construction industry are expected to face several challenges as most of the construction projects are likely to be left incomplete, at a halt, or be delayed because of the supply chain disruptions, cash flow constraints, unavailability of the workforce, and production shutdown introduced by the pandemic.

Asia-Pacific Heavy Construction Equipment Market Dynamics

• Drivers

There has been a significant demand for infrastructure in hospitals and other medical facility centers like laboratories, shipping, logistics, and others like the healthcare centers, clinics, and others due to the pandemic's outbreak. In addition, some of the market countries are moderately functioning after the arrival of the pandemic. Hence, this is likely to create a demand for the global Asia-Pacific Heavy Construction Equipment market products and equipment. In addition, there has been a rapid infrastructural development coupled with the availability of business capital investments in emerging economies, including China and India of the APAC region, which has propelled the demand for the Asia-Pacific Heavy Construction Equipments.

• Restraints

The sudden arrival of the pandemic has been witnessed to significantly impact the infrastructure and construction sector, which is one of the significant demandants of the global Asia-Pacific Heavy Construction Equipment market for the ongoing forecast period. However, a wide range of restraints and challenges are present in the development and expansion of the Asia-Pacific Heavy Construction Equipment industry.

• Technology Analysis

There has been a recognized degree of use of the technological developments and advancements resulting from the rise in investments and funding and owing to their vast employment in infrastructure projects and mega construction systems. As a result, the market for Asia-Pacific Heavy Construction Equipment has witnessed moderate growth in the past couple of years, part of the historic forecast period in 2019. The demand for Asia-Pacific Heavy Construction Equipment is further expected to be driven by the growing construction industry and the adoption of lightweight construction materials. The base year considered for the market study is 2020, and the forecast period for the global Asia-Pacific Heavy Construction Equipment market is 2022 to 2030.

Asia-Pacific Heavy Construction Equipment Market Segmentation

The Asia-Pacific Heavy Construction Equipment market has been segmented because of the rising needs of the global target audience, followed by the efforts that the global market players have employed. Therefore, the global market segments are mentioned as follows:

Based on the Demand

In the APAC construction equipment market, the rising demand for new machinery has been witnessed due to a rental provider requiring further supplies to the end-users at lower prices. Owing to the high initial investments in buying new machinery, customers are increasingly opting for rental machinery, driving new machinery sales in the Asia Pacific construction equipment market.

Based on the Product

Increasing adoption of earthmoving machinery, such as excavators and loaders, in the traditional building applications owing to advantages over manual labor, is fueling the APAC construction equipment market. This machinery provides several benefits such as quality improvement, increased project efficiency, and cost savings. By utilizing modern machinery, end-users are experiencing an increase in profitability as they provide high productivity over laborers, increasing demand in the Asia Pacific construction equipment market. Moreover, building sites with several high-risk operations are implementing these machinery to strengthen the safety parameters and reduce the time required in conventional operations. As a result, contractors using the machinery have better safety & accident track records, which improve the profitability as the companies eliminate labor accident compensation, further attributing to the rise of industry size.

Based on the sales channel:

In the Asia Pacific construction equipment market, direct sales channels for equipment & replacement parts are steadily growing among the larger countries, including China, Japan, and India, due to leading manufacturers' establishment of direct sales facilities. On the other hand, the global players are emerging in the smaller ASEAN countries through their distributors and direct sales channels to cover a larger market share.

Based on Region:

• North America


• Europe


• Asia-Pacific


• Rest of the World (RoW)

Asia-Pacific Heavy Construction Equipment market Regional Analysis

The global Asia-Pacific Heavy Construction Equipment market has been segmented region-wise and functions in 5 prominent regions in the global market premises. Out of these 5 propelling regions in the international Asia-Pacific Heavy Construction Equipment industry, Asia-Pacific held the largest share of the global Asia-Pacific Heavy Construction Equipment market during the historic forecast period in 2019, followed by North America.

The growth of the Asia-Pacific Heavy Construction Equipment industry with the growth of population and the rising per capita disposal income is anticipated to drive the Asia-Pacific Heavy Construction Equipment market in this region during the forecast period. In addition, Asia Pacific countries exhibit the fastest economic growth rates worldwide. Therefore, the Asia-Pacific region is expected to be a significant market propelling the global construction industry, with augmented construction activities in China, India, and ASEAN countries.

Ongoing mega projects in China need a lot of machinery and materials to be displaced from one part of the country. Projects like Tianhuangping hydroelectric project, the South-North water transfer project, Belt and Road Initiative, and the Beijing airport are some of the many projects that will deploy many construction equipments. As a result, China recorded an average monthly growth of 5.3% in fixed asset infrastructure development in 2019. China also recorded a 25% increase in excavator sales in 2019, indicating growth in construction activities. In 2018, the market value of the construction industry in China was valued at nearly USD 900 billion, which is expected to grow more than 1.1 trillion by 2021.

Asia-Pacific Heavy Construction Equipment Market Competitive Landscape

The most prominent major key players in the Asia-Pacific Heavy Construction Equipment market all across the globe are mentioned below:

• Caterpillar, Inc.


• Tadano Ltd.


• Doosan Group


• Terex Corporation


• Hitachi Construction Machinery


• Sany Group


• J.C. Bamford Excavators Limited


• Liebherr


• Komatsu Ltd.


• John Deere


• Kobelco Construction Machinery

Recent Developments

In October 2018, Hitachi Construction Machinery launched its ICT-operated semi-autonomous ZX210X-6 excavator that can complete the task nearly 50% quicker than other standard excavators.

In 2019, Volvo Construction Equipment announced that it would start producing compact electric excavators and wheel loaders in an official statement. EC 15 to EC 27 electric excavators and L20 to L28 electric wheel loaders will be produced from mid-2020.

This global Asia-Pacific Heavy Construction Equipment market research report consists of various market components. The Asia-Pacific Heavy Construction Equipment market research report discusses the market factors that either positively impact market growth or might give rise to challenges that might hamper the market as per the growth predictions for the period ending in 2030. In addition, the report helps in studying the impact of the pandemic outbreak and hence, the performance of the market segments that enhance the revenue quantum for the market from 2022 to 2030.