Heavy equipment refers to heavy-duty vehicles, specially designed for executing construction tasks, most frequently ones involving earthwork operations. They usually comprise five equipment systems: implement, traction, structure, power train, control and information. Heavy equipment functions through the mechanical advantage of a simple machine, the ratio between input force applied and force exerted is multiplied. Some equipment uses hydraulic drives as a primary source of motion.
The leading manufactures mainly are Caterpillar, John Deere, KOMATSU, CNH Industrial and Kubota. Caterpillar is the largest manufacturer; its revenue of global market exceeds 6.07% in 2017. The next is John Deere and KOMATSU.
There are mainly three application of Heavy Equipment market: Construction, Mining and Agriculture.
Geographically, the global Heavy Equipment market has been segmented into North America, Europe, China, Japan, India and RoW. The Europe held the largest share in the global market, its revenue of global market exceeds 24% in 2017. The next is China and North America.

The Global Heavy Equipment Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Heavy Equipment Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Caterpillar
John Deere
KOMATSU
CNH Industrial
Kubota
Hitachi
Volvo
Liebherr
Daimler
Doosan
SANY Group
JCB
Terex
Zoomlion
Liugong
Weichai
Sinotruk

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Excavators
Wheel Loaders
Bulldozers
Dump Truck
Others
In Market segmentation by applications :

Construction
Mining
Agriculture

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Heavy Equipment Market for the forecast period 2023 - 2030?
• What are the driving forces in the Heavy Equipment Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Heavy Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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