US Construction Machinery Market and Analysis Report – Opportunities and Forecast 2023-2030
US Construction Machinery Market Overview
US Construction machinery market is expected to grow during the forecast period owing to the rapid economic growth, increasing foreign investment and expansion of construction industry.
Major US Construction Machinery Market Drivers
The market is driven by the rapid urbanization and population growth, favorable government initiatives and infrastructural development across USA. Increasing residential and commercial construction projects has increased the demand for United States construction equipment market. Increasing construction expenditure with the high demand for construction activities is boosting the market demand for United States construction machinery market. Rising government and private investment for infrastructural development along with the increasing demand for residential activities. Due to the high disposable income and easy availability of home loans, the demand for homes is increasing significantly. The construction of new homes is expected to drive the U.S. construction machinery market.
US government has taken various initiatives such as smart city project to boost the construction machinery industry. The government is providing financial assistance, subsidies and incentives and tariff reduction on imported machineries. These initiatives are expected to create more opportunities for machinery manufacturers and suppliers will further drive the US construction equipment market. Even, key players in the construction industry are updating their outdated machinery with the latest equipment to improve overall productivity and efficiency. Rapid innovation in the construction equipment features such as GPS tracking system and automation features, will attract customers as it provides better safety features and increases efficiency. Moreover, rising investment in infrastructure projects such as airports, highways and public transport systems is boosting the market growth.
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Rapid growth in the U.S. construction market is supporting the construction equipment industry. As per the AGC of America, construction sector employed 8 million people and more than 9,19,000 establishments in the first quarter of 2023. Rapid adoption of digital technologies and automation solutions is paving the way for companies in the construction industry. However, strict environmental regulations and lack of skilled labor is expected to hinder the U.S. construction equipment market.
The major players in the U.S. construction machinery market outlook are investing on research and development activities to cater to the growing demand and to expand the product portfolio. Increasing investment in residential and commercial projects in the market are adopting modern equipment to strengthen their position.
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GMI Research provides detailed analysis of U.S. construction equipment market outlook such as key drivers and trends, key players, construction equipment which is further creating more opportunities for the construction equipment market report till 2030.
Segments covered in the Report:
The US Construction Machinery Market has been segmented on the basis of Engine Capacity, Equipment Category, Propulsion Type and Application. Based on the Engine Capacity, the market is segmented into Up to 250 HP, 250-500 HP, more than 500 HP. Based on the Equipment Category, the market is segmented into Earth Moving Machinery, Material Handling Equipment, Heavy Construction Equipment, Others. Based on the Propulsion Type, the market is segmented into CNG/LNG/RNG, Diesel. Based on the Application, the market is segmented into Infrastructure, Commercial, Residential.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD Million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Engine Capacity, By Equipment Category, By Propulsion Type, By Application |
| Regional Coverage | United States |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
US Construction Machinery Market by Engine Capacity
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- Up to 250 HP
- 250-500 HP
- More than 500 HP
US Construction Machinery Market by Equipment Category
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- Earth Moving Machinery
- Material Handling Equipment
- Heavy Construction Equipment
- Others
US Construction Machinery Market by Propulsion Type
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- Diesel
- CNG/LNG/RNG
US Construction Machinery Market by Application
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- Infrastructure
- Commercial
- Residential
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