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The construction equipment aftermarket is experiencing strong growth, with its size projected to grow from $25.2 billion in 2023 to $27.1 billion in 2024, at a CAGR of 7.5%. This expansion is attributed to the aging of equipment and the focus on cost savings and performance enhancement. Looking ahead, the market is expected to reach $35.04 billion by 2028, driven by factors such as sustainability initiatives and the adoption of predictive maintenance, catering to the evolving needs of the construction industry.

The construction equipment aftermarket market thrives on the growing construction activities globally, as indicated by the Office for National Statistics’ report on increased construction work value in Great Britain.

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What Are The Key Trends That Influence Construction Equipment Aftermarket Market Share Analysis?

Major players in the construction equipment aftermarket are focusing on innovative solutions such as up-tower crane technology. This technology, used in the installation and maintenance of wind turbines, is gaining popularity for its efficiency and environmental benefits. For instance, in August 2023, LiftWerx introduced ‘GenHook,’ an electric up-tower crane system with a significantly reduced carbon footprint compared to conventional cranes. This technology enhances operational sustainability by minimizing truck mobilization and improving efficiency in wind turbine service operations.

Which Market Players Are Driving Growth In The Construction Equipment Aftermarket Market?

Major companies operating in the construction equipment aftermarket  market report are Caterpillar Inc., Komatsu Ltd., CNH Industrial N.V., Atlas Copco Group, Liebherr Group, XCMG Group, John Deere Construction & Forestry, Volvo Construction Equipment Corp., Yanmar Co. Ltd., Hitachi Construction Machinery Co Ltd., JLG Industries Inc., Zoomlion Heavy Industry Science and Technology Co Ltd., Sany Heavy Industry Co Ltd., SANY Group Co. Ltd., Terex Corporation, Guangxi Liugong Machinery Co. Ltd., Xuzhou Construction Machinery Group Co Ltd, Manitou Group, Palfinger AG, The Manitowoc Company Inc., Takeuchi Mfg. Co. Ltd., Tadano Ltd., Ammann Group, Bell Equipment Ltd., Hidromek Inc., Kobelco Construction Machinery Co Ltd., Doosan Infracore Co. Ltd., XGMA Machinery Co. Ltd., BOMAG GmbH, Hyundai Construction Equipment Co. Ltd., LiuGong Machinery Corp.

How Is The Global Construction Equipment Aftermarket Market Segmented?

The construction equipment aftermarket market covered in this report is segmented –

1) By Equipment Type: Earthmoving And Road Building Equipment, Material Handling And Cranes, Concrete Equipment
2) By Application: Infrastructure, Residential, Commercial
3) By Sales Channel: Online, Offline

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The Construction Equipment Aftermarket Global Market Report 2024 provides an overview of the construction equipment aftermarketmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The construction equipment aftermarket market forecast analyzes construction equipment aftermarket market size, construction equipment aftermarket market share, leading competitor and their market positions.

The Table Of Content For The Construction Equipment Aftermarket Market Include

1. Construction Equipment Aftermarket Market Executive Summary
2. Construction Equipment Aftermarket Market Segments
3. Construction Equipment Aftermarket Market Size And Template Market Growth Rate
4.  Key Construction Equipment Aftermarket Market Trends
5. Major Construction Equipment Aftermarket Market Drivers
……
25. Key Mergers And Acquisitions In The Construction Equipment Aftermarket Market
26. Top Construction Equipment Aftermarket Companies
27. Construction Equipment Aftermarket Market Opportunities And Strategies
28. Construction Equipment Aftermarket Market, Conclusions And Recommendations
29. Appendix

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