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Global Heavy Duty Equipment Market Research Report 2025
Synopsis
Heavy duty equipment is 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 global Heavy Duty Equipment market was valued at US$ 515050 million in 2023 and is anticipated to reach US$ 641560 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
North American market for Heavy Duty Equipment is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Heavy Duty Equipment is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Heavy Duty Equipment include Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth and Navistar, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Heavy Duty Equipment, 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 Duty Equipment.
Report Scope
The Heavy Duty Equipment market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Heavy Duty Equipment market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Heavy Duty Equipment manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Daimler
Dongfeng
Eicher Motors
FCA
Ford Motor Company
Freightliner
General Motors
Kenworth
Navistar
Nissan
Oshkosh Corporation
Paccar
Peterbilt
ScaniaAB
Tata Motors
Toyota
Volkswagen
Volvo
China National Heavy Duty
Segment by Type
Track-type
Grader
Pipelayer
Scraper
Loader
Others
Segment by Application
Manufacturing
Power
Rail
Oil & Gas
Construction
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Heavy Duty Equipment manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Heavy Duty Equipment by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Heavy Duty Equipment 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Heavy duty equipment is 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 global Heavy Duty Equipment market was valued at US$ 515050 million in 2023 and is anticipated to reach US$ 641560 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
North American market for Heavy Duty Equipment is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Heavy Duty Equipment is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Heavy Duty Equipment include Daimler, Dongfeng, Eicher Motors, FCA, Ford Motor Company, Freightliner, General Motors, Kenworth and Navistar, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Heavy Duty Equipment, 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 Duty Equipment.
Report Scope
The Heavy Duty Equipment market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Heavy Duty Equipment market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Heavy Duty Equipment manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Daimler
Dongfeng
Eicher Motors
FCA
Ford Motor Company
Freightliner
General Motors
Kenworth
Navistar
Nissan
Oshkosh Corporation
Paccar
Peterbilt
ScaniaAB
Tata Motors
Toyota
Volkswagen
Volvo
China National Heavy Duty
Segment by Type
Track-type
Grader
Pipelayer
Scraper
Loader
Others
Segment by Application
Manufacturing
Power
Rail
Oil & Gas
Construction
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Heavy Duty Equipment manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Heavy Duty Equipment by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Heavy Duty Equipment 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Heavy Duty Equipment Market Overview
1.1 Product Definition
1.2 Heavy Duty Equipment Segment by Type
1.2.1 Global Heavy Duty Equipment Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Track-type
1.2.3 Grader
1.2.4 Pipelayer
1.2.5 Scraper
1.2.6 Loader
1.2.7 Others
1.3 Heavy Duty Equipment Segment by Application
1.3.1 Global Heavy Duty Equipment Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Manufacturing
1.3.3 Power
1.3.4 Rail
1.3.5 Oil & Gas
1.3.6 Construction
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Heavy Duty Equipment Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Heavy Duty Equipment Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Heavy Duty Equipment Production Estimates and Forecasts (2019-2030)
1.4.4 Global Heavy Duty Equipment Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Heavy Duty Equipment Production Market Share by Manufacturers (2019-2024)
2.2 Global Heavy Duty Equipment Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Heavy Duty Equipment, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Heavy Duty Equipment Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Heavy Duty Equipment Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Heavy Duty Equipment, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Heavy Duty Equipment, Product Offered and Application
2.8 Global Key Manufacturers of Heavy Duty Equipment, Date of Enter into This Industry
2.9 Heavy Duty Equipment Market Competitive Situation and Trends
2.9.1 Heavy Duty Equipment Market Concentration Rate
2.9.2 Global 5 and 10 Largest Heavy Duty Equipment Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Heavy Duty Equipment Production by Region
3.1 Global Heavy Duty Equipment Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Heavy Duty Equipment Production Value by Region (2019-2030)
3.2.1 Global Heavy Duty Equipment Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Heavy Duty Equipment by Region (2025-2030)
3.3 Global Heavy Duty Equipment Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Heavy Duty Equipment Production by Region (2019-2030)
3.4.1 Global Heavy Duty Equipment Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Heavy Duty Equipment by Region (2025-2030)
3.5 Global Heavy Duty Equipment Market Price Analysis by Region (2019-2024)
3.6 Global Heavy Duty Equipment Production and Value, Year-over-Year Growth
3.6.1 North America Heavy Duty Equipment Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Heavy Duty Equipment Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Heavy Duty Equipment Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Heavy Duty Equipment Production Value Estimates and Forecasts (2019-2030)
4 Heavy Duty Equipment Consumption by Region
4.1 Global Heavy Duty Equipment Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Heavy Duty Equipment Consumption by Region (2019-2030)
4.2.1 Global Heavy Duty Equipment Consumption by Region (2019-2024)
4.2.2 Global Heavy Duty Equipment Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Heavy Duty Equipment Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Heavy Duty Equipment Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Heavy Duty Equipment Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Heavy Duty Equipment Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Heavy Duty Equipment Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Heavy Duty Equipment Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Heavy Duty Equipment Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Heavy Duty Equipment Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Heavy Duty Equipment Production by Type (2019-2030)
5.1.1 Global Heavy Duty Equipment Production by Type (2019-2024)
5.1.2 Global Heavy Duty Equipment Production by Type (2025-2030)
5.1.3 Global Heavy Duty Equipment Production Market Share by Type (2019-2030)
5.2 Global Heavy Duty Equipment Production Value by Type (2019-2030)
5.2.1 Global Heavy Duty Equipment Production Value by Type (2019-2024)
5.2.2 Global Heavy Duty Equipment Production Value by Type (2025-2030)
5.2.3 Global Heavy Duty Equipment Production Value Market Share by Type (2019-2030)
5.3 Global Heavy Duty Equipment Price by Type (2019-2030)
6 Segment by Application
6.1 Global Heavy Duty Equipment Production by Application (2019-2030)
6.1.1 Global Heavy Duty Equipment Production by Application (2019-2024)
6.1.2 Global Heavy Duty Equipment Production by Application (2025-2030)
6.1.3 Global Heavy Duty Equipment Production Market Share by Application (2019-2030)
6.2 Global Heavy Duty Equipment Production Value by Application (2019-2030)
6.2.1 Global Heavy Duty Equipment Production Value by Application (2019-2024)
6.2.2 Global Heavy Duty Equipment Production Value by Application (2025-2030)
6.2.3 Global Heavy Duty Equipment Production Value Market Share by Application (2019-2030)
6.3 Global Heavy Duty Equipment Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Daimler
7.1.1 Daimler Heavy Duty Equipment Corporation Information
7.1.2 Daimler Heavy Duty Equipment Product Portfolio
7.1.3 Daimler Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Daimler Main Business and Markets Served
7.1.5 Daimler Recent Developments/Updates
7.2 Dongfeng
7.2.1 Dongfeng Heavy Duty Equipment Corporation Information
7.2.2 Dongfeng Heavy Duty Equipment Product Portfolio
7.2.3 Dongfeng Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Dongfeng Main Business and Markets Served
7.2.5 Dongfeng Recent Developments/Updates
7.3 Eicher Motors
7.3.1 Eicher Motors Heavy Duty Equipment Corporation Information
7.3.2 Eicher Motors Heavy Duty Equipment Product Portfolio
7.3.3 Eicher Motors Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Eicher Motors Main Business and Markets Served
7.3.5 Eicher Motors Recent Developments/Updates
7.4 FCA
7.4.1 FCA Heavy Duty Equipment Corporation Information
7.4.2 FCA Heavy Duty Equipment Product Portfolio
7.4.3 FCA Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.4.4 FCA Main Business and Markets Served
7.4.5 FCA Recent Developments/Updates
7.5 Ford Motor Company
7.5.1 Ford Motor Company Heavy Duty Equipment Corporation Information
7.5.2 Ford Motor Company Heavy Duty Equipment Product Portfolio
7.5.3 Ford Motor Company Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Ford Motor Company Main Business and Markets Served
7.5.5 Ford Motor Company Recent Developments/Updates
7.6 Freightliner
7.6.1 Freightliner Heavy Duty Equipment Corporation Information
7.6.2 Freightliner Heavy Duty Equipment Product Portfolio
7.6.3 Freightliner Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Freightliner Main Business and Markets Served
7.6.5 Freightliner Recent Developments/Updates
7.7 General Motors
7.7.1 General Motors Heavy Duty Equipment Corporation Information
7.7.2 General Motors Heavy Duty Equipment Product Portfolio
7.7.3 General Motors Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.7.4 General Motors Main Business and Markets Served
7.7.5 General Motors Recent Developments/Updates
7.8 Kenworth
7.8.1 Kenworth Heavy Duty Equipment Corporation Information
7.8.2 Kenworth Heavy Duty Equipment Product Portfolio
7.8.3 Kenworth Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Kenworth Main Business and Markets Served
7.7.5 Kenworth Recent Developments/Updates
7.9 Navistar
7.9.1 Navistar Heavy Duty Equipment Corporation Information
7.9.2 Navistar Heavy Duty Equipment Product Portfolio
7.9.3 Navistar Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Navistar Main Business and Markets Served
7.9.5 Navistar Recent Developments/Updates
7.10 Nissan
7.10.1 Nissan Heavy Duty Equipment Corporation Information
7.10.2 Nissan Heavy Duty Equipment Product Portfolio
7.10.3 Nissan Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Nissan Main Business and Markets Served
7.10.5 Nissan Recent Developments/Updates
7.11 Oshkosh Corporation
7.11.1 Oshkosh Corporation Heavy Duty Equipment Corporation Information
7.11.2 Oshkosh Corporation Heavy Duty Equipment Product Portfolio
7.11.3 Oshkosh Corporation Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Oshkosh Corporation Main Business and Markets Served
7.11.5 Oshkosh Corporation Recent Developments/Updates
7.12 Paccar
7.12.1 Paccar Heavy Duty Equipment Corporation Information
7.12.2 Paccar Heavy Duty Equipment Product Portfolio
7.12.3 Paccar Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Paccar Main Business and Markets Served
7.12.5 Paccar Recent Developments/Updates
7.13 Peterbilt
7.13.1 Peterbilt Heavy Duty Equipment Corporation Information
7.13.2 Peterbilt Heavy Duty Equipment Product Portfolio
7.13.3 Peterbilt Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Peterbilt Main Business and Markets Served
7.13.5 Peterbilt Recent Developments/Updates
7.14 ScaniaAB
7.14.1 ScaniaAB Heavy Duty Equipment Corporation Information
7.14.2 ScaniaAB Heavy Duty Equipment Product Portfolio
7.14.3 ScaniaAB Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.14.4 ScaniaAB Main Business and Markets Served
7.14.5 ScaniaAB Recent Developments/Updates
7.15 Tata Motors
7.15.1 Tata Motors Heavy Duty Equipment Corporation Information
7.15.2 Tata Motors Heavy Duty Equipment Product Portfolio
7.15.3 Tata Motors Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Tata Motors Main Business and Markets Served
7.15.5 Tata Motors Recent Developments/Updates
7.16 Toyota
7.16.1 Toyota Heavy Duty Equipment Corporation Information
7.16.2 Toyota Heavy Duty Equipment Product Portfolio
7.16.3 Toyota Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Toyota Main Business and Markets Served
7.16.5 Toyota Recent Developments/Updates
7.17 Volkswagen
7.17.1 Volkswagen Heavy Duty Equipment Corporation Information
7.17.2 Volkswagen Heavy Duty Equipment Product Portfolio
7.17.3 Volkswagen Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Volkswagen Main Business and Markets Served
7.17.5 Volkswagen Recent Developments/Updates
7.18 Volvo
7.18.1 Volvo Heavy Duty Equipment Corporation Information
7.18.2 Volvo Heavy Duty Equipment Product Portfolio
7.18.3 Volvo Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Volvo Main Business and Markets Served
7.18.5 Volvo Recent Developments/Updates
7.19 China National Heavy Duty
7.19.1 China National Heavy Duty Heavy Duty Equipment Corporation Information
7.19.2 China National Heavy Duty Heavy Duty Equipment Product Portfolio
7.19.3 China National Heavy Duty Heavy Duty Equipment Production, Value, Price and Gross Margin (2019-2024)
7.19.4 China National Heavy Duty Main Business and Markets Served
7.19.5 China National Heavy Duty Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Heavy Duty Equipment Industry Chain Analysis
8.2 Heavy Duty Equipment Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Heavy Duty Equipment Production Mode & Process
8.4 Heavy Duty Equipment Sales and Marketing
8.4.1 Heavy Duty Equipment Sales Channels
8.4.2 Heavy Duty Equipment Distributors
8.5 Heavy Duty Equipment Customers
9 Heavy Duty Equipment Market Dynamics
9.1 Heavy Duty Equipment Industry Trends
9.2 Heavy Duty Equipment Market Drivers
9.3 Heavy Duty Equipment Market Challenges
9.4 Heavy Duty Equipment Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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