Construction Equipment Market – United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 6.34% (2024-2032)

The United States construction equipment market is being driven by a surge in infrastructure development and residential construction projects across the country. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.34% from 2024 to 2032.

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United States Construction Equipment Industry Trends and Drivers:

• Infrastructure Development and Residential Construction Boom:

• Federal and State Investments: Substantial investment in infrastructure modernization by federal and state governments is a key growth driver.
• Residential Construction Surge: The housing market is thriving due to low interest rates and high demand for new homes, particularly in suburban and rural areas.
• Increased Equipment Demand: Backhoes, bulldozers, and concrete mixers are in higher demand to support new residential projects.
• Expanding Fleets: Companies are investing in advanced machinery and expanding their fleets to boost productivity and meet project deadlines.
• Emphasis on Sustainability and Energy Efficiency:

• Environmental Regulations: More states and municipalities are adopting regulations aimed at reducing carbon emissions from construction activities.
• Eco-Friendly Equipment: There is growing demand for electric and hybrid construction equipment that offers lower fuel consumption and reduced emissions.
• Innovation in Sustainable Machinery: Manufacturers are focusing on developing eco-friendly equipment that meets the evolving standards of the industry.
• Integration of Advanced Technologies:

• Technological Advancements: The integration of telematics, GPS, and IoT (Internet of Things) in construction equipment is enhancing operational efficiency and job site safety.
• Real-Time Monitoring and Data Analysis: These technologies help construction companies optimize equipment usage, reduce downtime, and improve project management.
• Long-Term Market Growth:

• Sustainable and Tech-Enabled Practices: The industry’s shift towards sustainability and efficiency is transforming the construction equipment landscape.
• Sustained Growth: The adoption of advanced, environmentally friendly equipment is positioning the U.S. construction equipment market for sustained long-term growth.

United States Construction Equipment Market Forecast & Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest United States construction equipment market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Solution Type Insights:

• Products
• Services

Equipment Type Insights:

• Heavy Construction Equipment
• Compact Construction Equipment

Type Insights:

• Loader
• Cranes
• Forklift
• Excavator
• Dozers
• Others

Application Insights:

• Excavation and Mining
• Lifting and Material Handling
• Earth Moving
• Transportation
• Others

Industry Insights:

• Oil and Gas
• Construction and Infrastructure
• Manufacturing
• Mining
• Others

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Request for customization:  https://www.imarcgroup.com/request?type=report&id=19079&flag=F

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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