World Construction Machinery

World demand for construction machinery is forecast to advance 3.9 percent annually through 2019 to $218 billion. China will be the fastest growing national market and surpass the US as the largest. Demand for excavators and loaders will advance at the fastest pace, fueled by rising construction and surface mining activity.This study analyzes the $180 billion world construction machinery industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (e.g., loaders, cranes and draglines, dozers and off-highway trucks, excavators, mixers and pavers, graders and rollers) for six world regions and 23 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry participants, including Caterpillar, Komatsu and Volvo.