What is the current Asia-Pacific Construction Equipment Market size?

The Asia-Pacific Construction Equipment Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029) Read More

Who are the key players in Asia-Pacific Construction Equipment Market?

Komatsu Corp., Sany Industrial Machinery , XCMG , Hitachi Construction Machinery Ltd. and Hyundai Construction Equipment Ltd. are the major companies operating in the Asia-Pacific Construction Equipment Market. Read More

What years does this Asia-Pacific Construction Equipment Market cover?

The report covers the Asia-Pacific Construction Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Construction Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asia-Pacific Construction Equipment Market

Asia-Pacific Construction Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Asia-Pacific Construction Equipment Market Companies and it is segmented by Machinery Type (Cranes, Telescopic Handling, Excavator, Loaders, Backhoe, Motor Grader, and Others), Drive Type (IC Engine and Electric & Hybrid), and Country (China, India, Japan, South Korea, and Rest of Asia Pacific). The report offers the market size in value (USD Billion) and forecasts for all the above segments.

Asia-Pacific Construction Equipment Industry Overview

The Asia Pacific Construction Equipment market is moderately consolidated. The market is characterized by the presence of considerably global players as well as some local players who have secured long-term supply contracts with major infrastructure companies. These players also engage in joint ventures, mergers and acquisitions, new product launches, and product development to expand their brand portfolios and cement their market positions.

Some of the major players dominating the global market are Komatsu Corp., Sany Heavy Industry, XCMG, Hitachi Construction Machinery Ltd., and Hyundai Construction Equipment Ltd. . Key players are engaging in mergers and acquisitions as well as launching new products to secure their market position and stay ahead of the market curve. For instance,

In May 2022 Caterpillar Inc. launched 303 CR mini excavators and 120 GC Motor Grader in India. These two products were displayed at the Confederation of Indian Industry (CII) EXCON 2022 in Bengaluru, along with Caterpillar's existing range of products, including excavators, motors, wheels, backhoes, and skid steer loaders.
In January 2022 Hitachi Ltd. announced the selling of a 50% stake in Hitachi Construction Machinery Ltd. to a joint venture between Itochu Corporation and investment fund Japan Industrial Partners Inc. for JPY 182.4 billion.