Heavy Machinery Market, Global Outlook and Forecast 2023-2032
The global Heavy Machinery market was valued at US$ 174650 million in 2022 and is projected to reach US$ 214320 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Heavy Machinery (Large Trucks) is the largest trucks allowed on the road, mostly used for long-haul purposes. Heavy Machinery (Large Trucks) constitutes an essential part of trucking industry. The trucking industry provides a vital service to the economy by transporting large quantities of goods. Heavy Machinery (Large Trucks) throughout the world is responsible for the majority of freight movement and is vital tools in the Firefighting, Construction, Forestry, Agriculture, Military industries.
This report aims to provide a comprehensive presentation of the global market for Heavy Machinery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heavy Machinery. This report contains market size and forecasts of Heavy Machinery in global, including the following market information:
- Global Heavy Machinery Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Heavy Machinery Market Sales, 2018-2023, 2024-2032, (Units)
- Global top five Heavy Machinery companies in 2022 (%)
China is the largest Heavy Machinery (Large Trucks) market with about 44% market share. US is follower, accounting for about 14% market share.
The key players are Daimler Trucks, Volvo, Paccar, MAN Group, Scania, IVECO, Oshkosh, Hino, Isuzu, Navistar, KAMAZ, Rosenbauer, Dongfeng, SINOTRUK, FAW, Foton, Shacman, JAC, Saic-Iveco Hongyan, CAMC, DAYUN, BeiBen Trucks etc. Top 3 companies occupied about 38% market share.
We has surveyed the Heavy Machinery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heavy Machinery Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global Heavy Machinery Market Segment Percentages, by Type, 2022 (%)
- Complete Vehicle
- Incomplete Vehicle
- Semitrailer Vehicle
Global Heavy Machinery Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global Heavy Machinery Market Segment Percentages, by Application, 2022 (%)
- Firefighting
- Construction
- Forestry
- Agriculture
- Military
- Other
Global Heavy Machinery Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Units)
Global Heavy Machinery Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Heavy Machinery revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Heavy Machinery revenues share in global market, 2022 (%)
- Key companies Heavy Machinery sales in global market, 2018-2023 (Estimated), (Units)
- Key companies Heavy Machinery sales share in global market, 2022 (%)
key players include:
- Daimler Trucks
- Volvo
- Paccar
- MAN Group
- Scania
- IVECO
- OSHKOSH
- Hino
- Isuzu
- Navistar
- Rosenbauer
- KAMAZ
- Dongfeng
- SINOTRUK
- FAW
- Foton
- Shacman
- JAC
- SAIC-IVECO HONGYAN
- CAMC
- DAYUN
- BEIBEN TRUCKS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heavy Machinery, market overview.
Chapter 2: Global Heavy Machinery market size in revenue and volume.
Chapter 3: Detailed analysis of Heavy Machinery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Heavy Machinery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Heavy Machinery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
