The construction equipment industry worldwide experienced a steep decline in its market size after 2008 as a result of global economic downturn. The declining trend in the global markets for these equipments continued to prevail in 2009 and 2010 even. However now this market has slowly started to reshape its size and is getting aligned to its expected growth rate, with the construction industry on boom especially in the Asia-Pacific region the market for the equipments offers a huge potential to be unleashed. 

In U.S the growth of the construction equipment market is primarily driven by increasing numbers of residential construction projects and non-residential works such as repair and new construction of highways, bridges and other public works. As a matter of fact China is emerging as the largest market for new equipments globally followed by North America.

Globally, the companies are again in an investment mode with several world class product launches in different geographies. Apart from the convention product based strategies followed by the manufacturers in this industry, the R&D activities have now started to account for a significant share of investments by a company. With the advancement of the technology leading to the introduction of highly efficient machines, the competition in this market has reached to altogether a different mode and level. To cope with this paradigm shift in the market dynamics globally, the industry is witnessed to move towards a further degree of consolidation through a number of mergers and acquisitions.

The report analyses construction equipment market growth rate, industry trends and industry structure. The report analyses the historical data and forecasts the construction equipment market size, production forecasts along with key factors driving and restraining the market. The report also contains In-depth geographic as well as trend analysis.

The construction equipment market is witnessing significant growth since the past few years owing to massive investments in infrastructural projects. Infrastructural development is driving the demand for construction machinery and related equipments. As a result, the global market for construction equipments displays strong growth potential and creates opportunities for new entrants and existing players in the market. 

The global construction equipments market wasestimated at USD 134.1 billion in 2011. The major factors driving the global market include growth in lease-based equipmentsand increasing investment by governments in infrastructural activities, especially in developed countries. Also, governments of most countries are supporting the industry players through growth enabling services such as lowering tax burdens and removing the current tax anomalies. Additionally, demand from the real estate and industrial sector is driving the demand for the construction equipments market, globally. 

Growing number of residential and non-residential construction projects and infrastructural renovation is expected to drive the demand for construction equipments in developed and developing economies. Global market players involved in the manufacturing of construction equipmentssuch as Caterpillar, Komatsu and Volvo are rapidlyincorporating technological advancements in their productsto ensure sustainability of such equipments. 

Emerging economies such as Brazil, China, and India are among the most promising countries due to increasing infrastructural developments in the IT sector and services industry. China is the major contributor to the global construction equipment industry and accounts for above 40% share of the overall global sales of construction equipment. The construction equipment industry in China is expected to grow at a CAGR of 10.1% from 2012 to 2017. This trend is likely to continue owing to the growth in public projects like schools, railways, better roads, water systems, and other infrastructure. 

Demand in Europe is expected to remain flat over the next few years; however, it performedmoderately better in 2012 as compared to previous years. Asia is considered the most promising market for construction equipment worldwide due to relatively good performance of construction and mining industries, in countries like India and China.