Overhead Cranes Global Market Report 2023 – By Product Type (Bridge Cranes, Gantry Cranes, Monorail Cranes, Jib Cranes), By Type (Single Girder, Double Girder), By End User (Automotive, Metal & Mining, Paper, Utility, Aerospace, Shipyards, Other End Users), By Operation Type (Electric, Hydraulic, Hybrid) – Market Size, Trends, And Global Forecast 2023-2032

The cranes refer to a machine that uses a hoisting mechanism to lift heavy objects and transport them to a new position. They are equipped with lift ropes, wire ropes, and sheaves that help to lift and lower big objects. The lever and pulley of the crane coordinate with each other to generate a mechanical advantage. The main product types of cranes are mobile, fixed, and marine. Mobile cranes are used to lift and lower goods for a short distance and carry them horizontally, using a set of basic machinery. Mobile cranes are lightweight and easily movable, cost-effective options for construction companies. These are used in construction, mining, industrial, oil & gas, and others. The global cranes market is segmented - 1) By Product type: Mobile, Fixed, Marine 2) By Business Type: Original Equipment Manufacturers (OEM), Aftersales 3) By End-User: Construction, Mining, Industrial, Oil & Gas, Other End-Users The global cranes market size grew from $36.55 billion in 2022 to $38.29 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the cranes is expected to grow to $46.08 billion in 2027 at a CAGR of 4.7%. The increase in spending on construction activities globally is driving the cranes market. Rapid growth in industrialization, urbanization and strong economic growth in emerging countries has contributed to growing spending on construction activities across the globe. The increased spending on construction activities is expected to boost the utilization or demand of cranes, as the on-field construction teams are investing in faster and efficient material handling equipment for safe operations and minimal human loss. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Therefore, the increasing spending on construction is expected to boost demand for cranes during the forecast period. Major players in the cranes market are Konecranes PLC., SANY Group, Manitowoc Company Inc., Tadano Ltd., Terex Corporation, Liebherr-International, Cargotec, XCMG Group, Street Crane Company Limited, Kobelco Cranes Co Limited, Zoomlion Heavy Industry Science and Technology Co Ltd., Komatsu Ltd., Gorbel Inc., Palfinger AG, Link-Belt Construction Equipment, Caterpillar, Buckner HeavyLift Cranes, Demag Cranes & Components GmbH, Shanghai Heavy Industries Co Ltd., and American Crane and Equipment. Technological advancements are a key trend gaining popularity in the cranes market. Automation is taking place in the cranes market to gain work efficiency, with the incorporation of anti-collision, zoning, and internet-based setup. The companies operating in the cranes market are utilizing advanced technologies such as artificial intelligence, machine learning, and computer vision for the development of autonomous cranes. These crane's movements are monitored by operators in a control room using onboard cameras and a remote-control station. The key target of these new systems is to exclude the workforce from a potentially dangerous and challenging working environment involving enormous machinery and transported to the safety and comfort of a control room via remote crane operation. For instance, in February 2021, Manitex Valla, a subsidiary of Manitex International of the United States, released the all-new V 110 R Electric Mobile Crane, which is battery-operated and remote-controlled. In February 2022, American Equipment Holdings, a USA-based manufacturer of industrial overhead cranes, crane services, and inspections acquired Kistler Crane & Hoist for an undisclosed amount. The acquisition by American Equipment is focused on expanding its geographic footprint in production and MRO in the overhead crane systems and hoists sector. Kistler Crane & Hoist is a USA-based provider of overhead crane systems, maintenance, repair and overhaul services. Asia-Pacific was the largest region in the cranes market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The crane market consists of sales of deck cranes, crawler cranes, floating cranes, rough terrain cranes, truck-mounted cranes, bridge/overhead cranes, bulk-handling cranes, and hammerhead cranes among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cranes market research report is one of a series of new reports from The Business Research Company that provides cranes market statistics, including cranes industry global market size, regional shares, competitors with a cranes market share, detailed cranes market segments, market trends and opportunities, and any further data you may need to thrive in the cranes industry. This cranes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Materials handling refers to the movement of raw goods from their native site to the point of use in manufacturing, their subsequent manipulation in production processes, and the transfer of finished products from factories and their distribution to users or sales outlets. The main types of material handling are automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, pallet racking, conveying systems, hoists, and other types. Pallet racking refers to a single or multi-level storage system that is utilized to support the high stacking of single items or palletized loads. The operations are assembly, distribution, transportation, and other operations. The various end-users involved are food and beverages, automotive, construction, consumer goods and electronics, pharmaceuticals, e-commerce, and other end users. The global material handling market is segmented - 1) By Type: Automated Guided Vehicles, Automated Storage And Retrieval Systems, Trucks And Lifts, Cranes, Pallet Racking, Conveying Systems, Hoists, Other Types 2) By Operations: Assembly, Distribution, Transportation, Other Operations 3) By End User: Food & Beverages, Automotive, Construction, Consumer Goods & Electronic, Pharmaceuticals, E-Commerce, Other End Users The global material handling market size will grow from $38.23 billion in 2022 to $41.82 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global material handling is expected to grow to $58.94 billion in 2027 at a CAGR of 9.0%. The growth of material handling market witnessed growth owing to a rise in the e-commerce industry. According to the Census Bureau of the US Department of Commerce, retail e-commerce sales in the second quarter of 2020 hit $211.5 billion which is an increase of 31.8% from the first quarter of 2020. The increase in e-commerce is mostly driven by COVID-19 as people preferred shopping online rather than visiting any physical store. Rising e-commerce industry growth boosted the demand for material handling services and with this increase, the industry players in the material handling market are focusing on developing customized equipment and systems such as manufacturing engineered systems, smart warehousing, and remotely tracked transport vehicles. Therefore, the increase in online shopping is expected to drive the material handling market during the period. Major players in the material handling market report are Toyota Industries Corporation, Daifuku Co., Ltd., Beumer Group, Liebherr Group, Dematic Group, Jungheinrich AG, Columbus McKinnon Corporation, Eisenmann AG, Crown Equipment Corporation, and Schaefer Systems International Pvt Ltd. Safety is one of the major challenges in the material handling market on construction sites. In construction sites, material handling equipment is a major cause of accidents through safety measures being followed and monitored continuously. Material handling involves diverse operations at the construction sites such as hoisting tons of steel with a crane, driving a truck loaded with bricks and concrete, or operating any other material handling equipment including hydraulic excavators, lifting devices, and conveyor systems and lack of operational experience results in the number of accidents and deaths. For instance, according to a study published by the Saudi Journal of Biological Sciences in August 2020, there were around 25.3% of accidents were caused due to material handling at construction sites in Jeddah city of Saudi Arabia. Lack of safety and inexperienced workers at the construction sites results in more accidents in material handling and this can impact the material handling market negatively. Lithium-ion technology is an emerging trend in the material handling market. Li-ion batteries are environmentally friendly and offer higher energy densities than lead-acid or nickel-metal hydride batteries. It can store more electricity and is mostly preferred for electric vehicles that are used in material handling. Additionally, Lithium-ion batteries are lightweight, charge quickly, and doesn’t require cool-down intervals. For instance, Flux Power Holdings, Inc., a prime developer of advanced Li-ion batteries, launched the LiFT Pack L48 Li-ion battery pack at MODEX 2020. The battery is specifically designed for 3-wheel forklifts which are used in narrow aisle and high-performance warehouses. The battery offers high capacity and also demands minimum maintenance. In January 2022, Hy-Tek Holdings (Hy-Tek), a US-based company that provides material handling solutions, acquired Advanced Handling Systems, LLC (AHS) for an undisclosed amount. The acquisition will help Hy-Tek Holdings (Hy-Tek) to offer broader range of material handling and integrated systems. With AHS' robotic solutions, Hy-Tek would deliver cutting-edge technology that optimizes fulfilment, speeds distribution, and addresses labor shortage problems. Advanced Handling Systems, LLC., a US-based material handling automation integrator company. It offers material handling and storage products to clients including 3PL, ecommerce, retail, wholesale, food and beverage, and healthcare sectors. Asia-Pacific was the largest region in the material handling market in 2022. Western Europe was the second-largest region in the global material handling market share. The regions covered in the material handling market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the material handling market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The materials handling market includes revenues earned by entities by automatic guided vehicles (AGVs), automatic identification and data collection, casters and wheels, controls, conveyors, dock equipment, and ergonomics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The material handling market research report is one of a series of new reports from The Business Research Company that provides material handling market statistics, including material handling industry global market size, regional shares, competitors with a material handling market share, detailed material handling market segments, market trends and opportunities, and any further data you may need to thrive in the material handling industry. This material handling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A machine is an equipment with several moving parts that are mechanically, electrically, or electronically operated to perform a specific task. The main types of machinery are automatic and semi-automatic. Automatic machinery refers to machinery that works automatically without human intervention. The specificities are small, medium, and large. The various applications are automotive, precision engineering, transport, and other applications. The global machinery market is segmented - 1) By Type: Automatic, Semi-Automatic 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Precision Engineering, Transport, Other Applications Subsegments Covered: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery, Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Commercial And Service Industry Machinery, Photographic And Photocopying Equipment, Optical Instrument And Lens, HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces), Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory, Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear The global machinery market size grew from $3,542.77 billion in 2022 to $3,810.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%. Rapid advances in technology are expected to drive innovation in machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the machinery manufacturing market during the forecast period. Major companies in the machinery market include Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd., Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Canon Inc., and Tetra Laval International S.A. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. HVAC systems are being integrated with building automation systems for the overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint. HVAC systems account for 60-70% of the total energy consumption of a typical commercial building, thus integrated systems enable commercial establishments to reduce power consumption. For example, advanced BAS technology integrates lighting, water, elevators, security, and HVAC systems into a single automated platform. An integrated lighting and HVAC system automatically controls the lighting and temperature to ideal levels, thus reducing energy consumption and costs. GE and Trane are offering solutions that integrate HVAC with BAS. The Asia-Pacific was the largest region in the machinery market in 2022. Western Europe was the second largest region in the machinery market. The regions covered in the this machinery market analyis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. the value of goods in this market includes related services sold by the creators of the goods. The machinery market is segmented into agriculture, construction, and mining machinery; industrial machinery; commercial and service industry machinery; ventilation, heating, air-conditioning, and commercial refrigeration equipment; metalworking machinery; engine, turbine, and power transmission equipment; and other general purpose machinery. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy and civil engineering construction is the process of building, altering, repairing, improving, or demolishing any complex large government and city project structures using a detailed design and plan. The main types of heavy and civil construction are utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The construction of distribution lines, as well as related buildings and infrastructure for utilities (that is water, sewer, petroleum, gas, power, and communication), is referred to as utility system construction. It includes all structures (including buildings) that are integral parts of utility systems (such as storage tanks, pumping stations, power plants, and refineries). The companies involved in heavy and civil construction are divided into large enterprises and small and medium-sized enterprises. These services are used by both the private and public sectors. The global heavy and civil engineering construction market is segmented - 1) By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction 2) By Organization Size: Large Enterprises, Small and Medium Enterprises 3) By End User: Private, Public Subsegments Covered: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction, Roads And Highways, Bridges And Tunnels, Other Highway, Street, And Bridge Construction, Marine And Ports Construction, Rail Road Construction, Sea Wall Construction, All Other Heavy And Civil Engineering Construction The global heavy and civil engineering construction market grew from $1840.28 billion in 2022 to $1936.17 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy and civil engineering construction market is expected to grow to $2305.56 billion in 2027 at a CAGR of 4.5%. Technological development will drive the growth of heavy and civil engineering construction during the forecast period. Markets such as foundation, structure, and building exterior contractors that involve technology benefited from this trend. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, “tiny houses,” and solar roads. Due to the advancement in technology, the demand for better infrastructure will increase and positively impact the demand for heavy and civil engineering construction. Major companies in the heavy and civil engineering construction market include China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China State Construction Engineering Corporation Ltd., Power Construction Corporation of China. Heavy and civil engineering construction costs are increasing steadily due to rising material costs. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil. A key component of asphalt, increased by 58% in 2021 from the year 2020 . According to the latest Producer Price Index (PPI) released by the Bureau of Labour Statistics, in the US, prices paid for items used in residential construction jumped 1.7% in April 2021 and have increased by 12.4% over the last 12 months. According to the National Association of Home Builders (NAHB), softwood lumber prices jumped 6.5 percent in April 2021, marking a new high for the third month in a row. Lumber prices have risen by 52.0 percent since November 2020. High material prices will adversely affect the heavy and civil engineering construction markets during the forecast period. Offshore productivity, or the productivity of marine contractors, has been increasing in recent years owing to better automation and monitoring technologies. This increase in productivity is seen particularly in dredging, land reclamation, and offshore construction of oil platforms, and can be attributed to mechanical technology improvements, automation, and better monitoring of offshore construction projects. For example, in August 2020, MJR Power and Automation, a vessel mobilisation and marine engineering expert based in the United Kingdom, completed a mobilisation project for Enshore Subsea, a division of DeepOcean Group that is responsible for all subsea intervention activities around the world. The work was conducted on the recently overhauled Assister vessel, which is commercially managed by JD Contractor and serves both the renewables and oil and gas industries. The specialised vessel, which houses cutting-edge equipment, was designed to perform a variety of tasks, including deep-water anchor handling and offshore cable installations, towing underwater plough systems, and providing subsea and ROV support work. Major marine contractors include Jenkins Marine, Teignmouth Maritime Services, and Edwards Diving Services. Asia-Pacific was the largest region in the heavy and civil engineering construction market in 2022. North America was the second-largest in the heavy and civil engineering construction market. The regions covered in the heavy and civil engineering construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heavy and civil engineering construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The heavy and civil engineering construction market includes revenues earned by entities by water and sewer line and related structures construction, oil and gas pipeline and related structures construction, power and communication line and related structures construction, roads and highways, bridges and tunnels, other highway, street, and bridge construction, marine and ports construction, rail road construction, and sea wall construction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heavy and civil engineering construction market research report is one of a series of new reports from The Business Research Company that provides heavy and civil engineering construction market statistics, including heavy and civil engineering construction industry global market size, regional shares, competitors with a heavy and civil engineering construction market share, detailed heavy and civil engineering construction market segments, heavy and civil engineering construction market trends and opportunities, and any further data you may need to thrive in the heavy and civil engineering construction industry. This heavy and civil engineering construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the heavy and civil engineering construction industry.

Construction equipment rental refers to the service of renting out small and large construction equipment required for the execution, completion, and maintenance of construction work. Renting construction equipment saves construction contractors the cost of new equipment, labour costs, maintenance costs, and operational costs. The main construction rental equipment includes earthmoving, material handling, road building, and concrete. Earthmoving construction equipment moves soil and other material on heavy construction sites in preparation for constructing buildings. The different construction equipment rental products include backhoes, excavators, loaders, crawler dozers, cranes, concrete pumps, compactors, transit mixers, and concrete mixers, which are used in residential, commercial, and industrial applications. The global construction equipment rental market is segmented - 1) By Equipment: Earthmoving, Material Handling, Road Building And Concrete 2) By Product: Backhoes, Excavators, Loaders, Crawler Dozers, Cranes, Concrete Pumps, Compactors, Transit Mixers, Concrete Mixers 3) By Application: Residential, Commercial, Industrial The global construction equipment rental market size will grow from $95.23 billion in 2022 to $100.1 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction equipment rental is expected to grow to $121.76 billion in 2027 at a CAGR of 5.0%. The growing construction industry is expected to propel the growth of the construction equipment rental market going forward. The construction industry is rising because of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses a variety of construction equipment such as tower cranes, bulk material handling, transit mixers, batching plants, concrete pumps, and others. Renting this equipment helps contractors reduce the cost of purchase and maintenance. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the construction equipment rental market. Major players in the construction equipment rental market are H&E Equipment Services, Inc., Maxim Crane Works, L.P., Boels Rentals, United Rentals Inc., Ashtead Group PLC., Loxam, Herc Holdings Inc., Aktio Corporation, Kanamoto Co., Ltd., Taiyokenki Rental Co., Ltd., Cramo, Ramirent PLC., Kiloutou, Speedy Hire PLC., Nishio Rent All Co. Ltd., The Hertz Corporation, Ahern Rentals, and Nikken Corporation. Replacing conventional equipment with telematics-integrated machinery is a rising trend in the construction equipment market. Telematics is integrated into the construction equipment for GPS fleet tracking, maximizing fleet utilization, safeguarding equipment from theft, improving billing, equipment utilization, and others. For instance, in 2020, Appareo, a US-based manufacturer of electronic and software solutions, launched a cellular asset tracking device for off-highway equipment called  AT-130 (IP69K). The device is embedded with GPS and cellular capabilities have a high battery life and can withstand high pressure. The high-performance positioning and motion-sensing capabilities ensure that motion-based reporting is done based on true machinery repositioning, which helps to extend the battery life of the equipment and reduce false alarms. In October 2022, H&E Equipment Services, Inc., a US-based integrated equipment company that provides equipment rentals, sales, parts, and service, acquired One Source Equipment Rentals Inc. for an undisclosed amount. This acquisition will help H&E Equipment Services, Inc. expand its presence in Illinois, Indiana, and Kentucky by adding 10 equipment rental locations. One Source Equipment Rentals Inc. is a US-based supplier of construction and industrial equipment on rent. North America was the largest region in the construction equipment rental market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction equipment rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the construction equipment rental market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The construction equipment rental market consists of revenues earned by entities that rent out construction-related machinery, equipment, and tools to other contractors and professionals for a flat rate on a daily, weekly, or monthly basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction equipment rental market research report is one of a series of new reports from The Business Research Company that provides construction equipment rental market statistics, including global market size, regional shares, competitors with construction equipment rental shares, detailed construction equipment rental segments, market trends and opportunities, and any further data you may need to thrive in the construction equipment rental industry. This construction equipment rental research market report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy-duty engines refer to the engines that are used for heavy-duty vehicles. Heavy-duty vehicles usually have a gross vehicle weight of 10,000 pounds or more, which can be worked only with the help of heavy engines. The heavy-duty engine is used in producing power for heavy engines for many sectors, such as marine, locomotive, and mechanical drive applications and electrical power generation. The main types of heavy-duty engines are class 7 and class 8 vehicles. The class 7 heavy-duty engines are defined as vehicles designed to carry heavy loads. The class 7 vehicles usually have three or more axles, with a gross vehicle weight rating of between 26,001 pounds and 33,000 pounds. The most commonly used class 7 vehicles are garbage trucks, city transit buses, and street sweepers. The various horsepower include below 400hp, 400hp-500hp, 500hp-600hp, and above 600hp. It is employed by numerous end-users in such areas as agriculture, mining, construction, transportation and logistics, and others. The global heavy duty engines market is segmented - 1) By Vehicle Class: Class 7, Class 8 2) By Horsepower: Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP 3) By End-User: Agriculture, Mining, Construction, Transportation and Logistics, Other End Users The global heavy duty engines market size will grow from $46.94 billion in 2022 to $51.98 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global heavy duty engines is expected to grow to $73.91 billion in 2027 at a CAGR of 9.2%. The growing construction industry is expected to propel the growth of the heavy duty engines market going forward. Construction refers to the process, art, or manner of building some structure. Construction includes residential buildings, institutional and commercial buildings, and specialized industrial construction. Heavy-duty engines are used for preparing concrete mixes for big construction projects along with carrying big loads that make up the structure. For instance, according to Make in India, an initiative by the Indian government to encourage companies to develop and manufacture products that are made in India, the Indian construction and real estate sector is expected to reach USD 1 trillion by 2030. Also, the construction and real estate sector contribution to India’s GDP is expected to reach 13% by 2025. Therefore, the rising construction industry is driving the growth of the heavy duty engines market. Major players in the heavy duty engines market are Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc., Perkins, Detroit Diesel Corporation, PACCAR, Isuzu, Komatsu, Kirloskar, John Deere, Ashok Leyland Ltd., and Liebherr. Technological advancements have emerged as a key trend gaining popularity in the heavy duty engines market. Major companies operating in the market are introducing technological innovations to sustain their position in the market. For instance, in February 2021, Clear Flame Engine Technologies, a US-based start-up that manufactures heavy-duty engines, launched its net-zero engine technology. With this technology, heavy-duty truck diesel engines can be operated on 100% renewable plant-based fuels. This technology helps in increasing the machine's capacity and makes it environmentally friendly. It also helps in meeting the efficiency and performance requirements of the customer. In July 2021, Traton Group, a Germany-based manufacturer of commercial vehicles, acquired Navistar International Corporation for USD3.7 billion. Traton Group aims at providing sustainable transportation offerings through autonomous driving establishments and electric mobility implementations. Navistar International Corporation is a US-based manufacturer of heavy-duty engines such as trucks and diesel engines. Asia-Pacific was the largest region in the heavy duty engines market in 2022. The regions covered in the heavy duty engines market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heavy duty engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The heavy duty engines market consists of sales of semi-truck engines and heavy duty diesel truck engines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heavy-duty engines market research report is one of a series of new reports from The Business Research Company that provides heavy duty engines market statistics, including heavy duty engines industry global market size, regional shares, competitors with a heavy duty engines market share, detailed heavy duty engines market segments, market trends and opportunities, and any further data you may need to thrive in the heavy duty engines industry. This heavy duty engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heavy trucks are defined as commercial motor vehicles used for the transportation of goods with a weight of 2.72 tons or more when empty and 4.54 tons or more when loaded. The main types in the heavy trucks market are class 5, class 6, class 7, and class 8. Class 8 trucks refer to the class 8 trucks that are used commercially and have great load capacity. The various fuel types include diesel, natural gas, hybrid electric, and gasoline. These are used in construction and mining, freight and logistics, and other applications. The global heavy trucks market is segmented - 1) By Type: Class 5, Class 6, Class 7, Class 8 2) By Fuel: Diesel, Natural Gas, Hybrid Electric, Gasoline 3) By Application: Construction and Mining, Freight and Logistics, Other Applications The global heavy trucks market size will grow from $208.31 billion in 2022 to $222.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global heavy trucks is expected to grow to $283.71 billion in 2027 at a CAGR of 6.3%. Growth in the demand for heavy trucks from end-users such as in construction, mining, and other sectors is contributing to the growth of the heavy truck manufacturing market. According to executives of leading truck makers, an increase in construction activities boosted the sales of tipper trucks, concrete mixers, and other heavy vehicles. Also, the 2021, according to the American Trucking Association, the revenue of the trucking industry was reported to be $ 875.5 billion. In June 2021, around 4.06 million Class 8 trucks were in operation, 2.3% up from 2020. An increase in demand for heavy trucks from end-users is expected to drive the growth of the heavy trucks market in the forecast period. Major players in the heavy trucks market are Volvo Trucks, Daimler, Paccar, Isuzu Motors Ltd., TATA motors, Eicher Motors Ltd., Dongfeng Motor Group Company Ltd., Navistar, Ford Motor Company, and Volkswagen. The COVID-19 outbreak across the globe has impacted the production and demand for heavy trucks, and this is expected to restrain the heavy trucks market during the forecast period. The pandemic has led to restrictive containment measures involving social distancing, remote working, and the closure of several manufacturing units to contain the disease. Such a lockdown norm has led to supply chain disruptions across several industries, including heavy truck manufacturing industries. S&P Global Inc., a financial information and analytics company, indicated that global sales of heavy-duty trucks will decline by 20% to 30% in 2020 due to the COVID-19 impact. Furthermore, by 2021, the sales recovery is expected to be delayed by 10%. Therefore, the COVID-19 outbreak is a major restraining factor that is expected to impact the growth of the heavy trucks market negatively. Vehicles fitted with advanced driver-assistive technologies and safety features are new trends in the heavy trucks market. Advanced driver-assistive technologies include features like the Collision Mitigation System (CMS) and a Lane Departure Warning System (LDWS), aiming to reduce road accidents and increase vehicle safety. For instance, in 2022, Tata Motors, an Indian-based, commercial vehicle manufacturer, launched India’s first CNG-powered medium and heavy commercial vehicle truck and introduced a new-age, advanced driver assistance system (ADAS) including collision mitigation system, lane departure warning system and driver monitoring system in its best-selling range of trucks including Prima, Signa and Ultra trucks to enhance driving comfort. In April 2021, Battle Motors, a US-based company developing electric vehicle (EV), acquired Crane Carrier Company LLC., manufacturing construction truck and garbage truck chassis, for an undisclosed amount. The acquisition will help Battle Motors to develop Class 7 and 8 vocational truck electrification. Crane Carrier Company (CCC) is a US-based company specializes in manufacturing purpose-built Class 7 and 8 severe-duty trucks. North America was the largest region in the heavy trucks market in 2022. Asia-Pacific was the second-largest region in the global heavy trucks market share. The regions in the global heavy trucks market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in heavy trucks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The heavy trucks market consists of sales of 18-wheeler truck, refrigerator truck, dump truck, garbage truck, logging truck, concrete transport truck, tractor unit and tanker truck. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heavy trucks market research report is one of a series of new reports from The Business Research Company that provides heavy trucks market statistics, including heavy truck industry global market size, regional shares, competitors with a heavy trucks market share, detailed heavy trucks market segments, market trends and opportunities, and any further data you may need to thrive in the heavy truck industry. This heavy trucks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automobile and heavy equipment trucking is a transportation service that entails the movement of automobiles and other heavy machinery, such as for construction and mining tasks that necessitate the use of high payload capacity bearing trucks and transportation machines to move goods from one location to another. The main types in the automobile and heavy equipment trucking market are business services, managed services, system integrators, and others. The business services involve over-the-road transportation of automobiles and heavy equipment by various businesses. The market is segmented by size into heavy trucks, medium trucks, and light trucks and by application into cars and light trucks, medium and heavy trucks, farm and construction equipment, and others. The global automobiles and heavy equipment market is segmented - 1) By Type: Business Services, Managed Services, System Integrator, Other Types 2) By Application: Cars And Light Trucks, Medium And Heavy Trucks, Farm And Construction Equipment, Other Applications 3) By Size: Heavy Trucks, Medium Trucks, Light Trucks The global automobile and heavy equipment trucking market size will grow from $305.49 billion in 2022 to $333.13 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automobile and heavy equipment trucking is expected to grow to $457.3 billion in 2027 at a CAGR of 8.2%. The growing demand for autonomous transportation is expected to drive the growth of the automobile and heavy equipment trucking markets over the forecast period. An autonomous vehicle utilises a fully automated driving system to enable it to react to external conditions that a human driver would handle. According to the Victoria Transport Policy Institute’s report on autonomous vehicle implementation predictions published in June 2020, autonomous vehicles will be reliable, affordable, and safe by 2025 and are predicted to be commercially available in many areas by 2030. Moreover, in 2020, Mercedes-Benz will release its semi-autonomous truck prototype, scheduled for 2025. Therefore, the growing demand for autonomous transportation drives the growth of the automobile and heavy equipment trucking markets. Major players in the automobiles and heavy equipment trucking market are American Rail Center Logistics, CEVA Logistics, DHL, FedEx Freight, United Parcel Service, Schneider National, C.H. Robinson, and J.B. Hunt Transport. The impact of COVID-19 is expected to limit the growth of the automobile and heavy equipment trucking markets in the forecast period. The transportation industry faces severe challenges due to the COVID-19 pandemic, supply chain disturbances, and national emergency delivery needs, forcing fleet managers, dispatchers, and drivers to work extra hours while transportation in other sectors, such as restaurant supply and live event equipment, has halted. According to the Center for Disease Control and Prevention, the trucking industry lost more than 88,000 jobs in April 2020, a 5.8% decline from March, out of a total of 20.5 million job losses in the USA across various industries, placing the nation's total unemployment rate at 14.7%. Additionally, a recent survey found that nearly half (48%) of carriers registered significantly lowered freight rates across the USA. Therefore, the impact of COVICD 19 restraints the growth of the automobile and heavy equipment trucking markets. Advances in technologies are a major trend gaining popularity in the automobile and heavy equipment trucking markets. Major companies operating in the automobile and heavy equipment trucking markets are focusing on developing innovative technological solutions. For instance, in 2020, companies such as ACL Airshop are using CoreInsight Node Technology to provide advanced unit load (ULD) tracking with a Bluetooth ULD Tracking system for freight control, carrier shipment marking, air cargo monitoring, asset tracking, and reporting solutions. CoreInsight Node Technology enables producers to monitor deliveries, manage business intelligence (BI) packages, and help in activities remotely by accurately monitoring cargo with the help of ULD devices. In August 2021, Volvo AB, a Sweden-based vehicle manufacturing company, acquired JMC Heavy Duty Vehicle Co., Ltd. for an amount of SEK 1.1 billion ($0.1 billion). Volvo Trucks expands its truck manufacturing capability and product portfolio, as well as its presence in Asia-Pacific, as a result of this acquisition. JMC Heavy Duty Vehicle Co., Ltd., is a China-based truck manufacturing company pioneering in the manufacturing and assembly of heavy-duty transportation trucks. Asia-Pacific was the largest region in the automobiles and heavy equipment market in 2022. North America was the second largest region in the automobiles and heavy equipment market share. The regions covered in the global automobile and heavy equipment trucking market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automobiles and heavy equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automobile and heavy equipment trucking market includes revenues earned by entities by providing transportation services for the movement of heavy goods such as automotive engines and related parts and construction materials. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automobile and heavy equipment trucking market research report is one of a series of new reports from The Business Research Company that provides automobile and heavy equipment trucking market statistics, including automobile and heavy equipment trucking industry global market size, regional shares, competitors with an automobile and heavy equipment trucking market share, detailed automobile and heavy equipment trucking market segments, market trends and opportunities, and any further data you may need to thrive in the automobile and heavy equipment trucking industry. This automobile and heavy equipment trucking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.