Drone delivery is the fastest growing segment fueling the growth of the U.S. Heavy Duty Construction Equipment Market

The global U.S. Heavy Duty Construction Equipment Market is estimated to be valued at US$ 79.09 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Heavy duty construction equipment are machines designed for construction work. They include excavators, loaders, cranes, dozers, trucks and pavers. These equipment improve productivity, reduce project duration and ensures safety at construction sites.

Market key trends:

Drone delivery of construction materials is one of the major trends gaining traction in the heavy duty construction equipment market. Drones reduce delivery time and ensure on-time delivery of materials at difficult to access construction sites. For instance, drones can deliver materials 20 times faster than road transport at smaller construction projects. They eliminate the need for construction of access roads at remote areas, reducing project costs. Drones integrated with IoT and equipped with cameras can also inspect construction sites without human intervention, improving safety and reducing delays. This growing adoption of drones for speedy delivery and inspection is a key trend boosting the heavy duty construction equipment market.

Segment Analysis

The U.S. heavy duty construction equipment market size is dominated by the earthmoving and road construction equipment segment. This segment accounts for over 35% of the total market share due to high demand for excavators, loaders, dozers, graders, and scrapers for construction activities such as land development, infrastructure building, and mining. The rental services segment is also witnessing significant growth owing to the cost benefits it provides to construction companies and growing infrastructure projects in the country.

Key Takeaways

The global U.S. heavy duty construction equipment market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing infrastructure development activities and rising mining sector output.

Regional analysis

The western region accounts for the largest share in the U.S. heavy duty construction equipment market. The growth in this region can be attributed to the rising urbanization leading to new housing projects and an increase in commercial construction. States like California, Texas, and Washington are witnessing massive investment in transportation infrastructure which is driving the demand for construction equipment in this region.

Key players

Key players operating in the U.S. heavy duty construction equipment market are Atlas Copco, Caterpillar, Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore, Hitachi Construction Machinery Co. Ltd., Hyundai Construction Equipment Americas, Inc., J C Bamford Excavators Ltd. (JCB), Komatsu America Corp., Liebherr Group, Sany Heavy Industries Co. Ltd, Terex Corporation, Ahern Rentals, Herc Rentals Inc., and United Rentals, Inc. Caterpillar and Komatsu America are the prominent players due to their diversified product portfolio and strong distribution network across the country.

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