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    Used Construction Equipment Market Report

    Used Construction Equipment Market Report
    Report code - SR2201 Delivery - 2 Weeks
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    Used Construction Equipment Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Insights

    Construction equipment refers to any device or equipment intended to use in construction or material handling activities. In the recent years the popularity of used construction equipment has been rising. One of the most obvious reasons to buy used construction equipment is that they are less expensive than new equipment.

    Despite the emergence of the pandemic, the used construction equipment market experienced a steady growth in 2020, although the declining consumer spending capacity negatively impacted the real estate industry. Around the world, government authorities are prioritising and investing in healthcare & medical facilities instead of large public construction projects. Growing financial uncertainties and the lack of sufficient capital are pushing construction contractors to opt for used equipment.

    Growing number of reconstruction and refurbishment activities in the residential and commercial sectors is driving the used construction equipment demand globally. Also, rise in both private and government investments for new infrastructure projects is likely to give an impetus to the demand for used construction equipment. Overall, the used construction equipment market is likely to rebound at a promising CAGR of 5.7% during the forecast period.

    Segment Analysis

    Based on the product type, the used construction equipment market is segmented as earthmoving & road building equipment, material handling & cranes, and concrete equipment. Among these, earthmoving & road building equipment is expected to remain the largest segment of the market during the forecast period owing to the large public infrastructure projects being developed globally. The growing focus of government authorities towards the extension of road networks is further augmenting the growth of the used construction equipment market.

    In terms of regions, Europe is expected to remain the largest market for used construction equipment during the forecast period. Increasing economic uncertainties in some European countries such as France, Spain, and Germany are pushing the European construction companies to decrease their operating expenses, creating opportunities for used construction equipment in the region. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years.

    Key Players

    The following are the key players in the used construction equipment market.

    • Machinery Trader
    • Equippo AG
    • Ais Construction Equipment Service Corporation
    • Shriram Automall India Limited (SAMIL)
    • Infra Bazaar
    • Ritchie Bros. Auctioneers
    • Komatsu Ltd.,
    • Volvo Construction Equipment (Volvo CE)
    • Caterpillar, Inc.,
    • Terex Corporation

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s used construction equipment market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The used construction equipment market is segmented into the following categories. 

    Used Construction Equipment Market, by Product Type

    • Earthmoving & Road Building Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Sub-Type Analysis: Backhoes, Excavators, Loaders, and Compaction Equipment)
    • Material Handling & Cranes
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Sub-Type Analysis: Storage & Handling Equipment, Engineered Systems, Industrial Trucks, and Bulk Material Handling Equipment)
    • Concrete Equipment
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Sub-Type Analysis: Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, and Batching Plants)

    Used Construction Equipment Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The used construction equipment market is estimated to grow at a CAGR of 5.7% by 2027, driven by growing number of reconstruction and refurbishment activities in the residential and commercial sectors and the rise in both private and government investments for new infrastructure projects.

    Machinery Trader, Equippo AG, Ais Construction Equipment Service Corporation, Shriram Automall India Limited (SAMIL), Infra Bazaar, Ritchie Bros. Auctioneers, Komatsu Ltd., Volvo Construction Equipment (Volvo CE), Caterpillar, Inc., Terex Corporation are the leading players in the used construction equipment market.

    Europe is estimated to remain dominant in the used construction equipment market in the foreseen future. Increasing economic uncertainties in some European countries are pushing the European construction companies to decrease their operating expenses, which in turn, is driving the demand for used construction equipment in the region.

    Earthmoving & road building equipment are expected to be dominant in the market in the coming years owing to the large public infrastructure projects being developed globally and growing focus of government authorities towards extension of road networks.