The Global Equipment Market Forecast was estimated to be USD 1,113.90 billion in 2022 and is projected to reach USD 1,587.74 billion by 2030, with a compound annual growth rate (CAGR) of 4.99% during the forecast period from 2023 to 2030.

This robust growth trajectory reflects the increasing demand for equipment across various industries worldwide. As businesses strive for efficiency and productivity, the need for advanced machinery and tools becomes paramount. The equipment market, encompassing sectors such as manufacturing, construction, healthcare, and transportation, is poised to witness substantial expansion in the coming years.

Factors driving this growth include technological advancements, rising infrastructure development projects, and the continuous modernization of industries. As emerging economies invest heavily in infrastructure, the demand for construction equipment is expected to soar. Additionally, the adoption of automation and digitization in manufacturing processes is fueling the demand for advanced machinery and equipment.

Furthermore, the healthcare sector's rapid expansion, coupled with the increasing focus on patient care and medical advancements, is driving the demand for specialized medical equipment. The transportation industry is also witnessing a surge in demand for efficient and eco-friendly vehicles, leading to increased investments in advanced automotive equipment.

The forecasted CAGR of 4.99% indicates a steady and sustainable growth rate for the equipment market. However, it is crucial for industry players to adapt to evolving market dynamics and embrace innovation to stay competitive. Companies that can offer cutting-edge technology, superior quality, and reliable after-sales services are likely to thrive in this highly competitive landscape.

In conclusion, the global equipment market is poised for significant growth, with an estimated value of USD 1,587.74 billion by 2030. This growth is driven by factors such as technological advancements, infrastructure development, and the increasing demand for specialized equipment across various industries. To capitalize on this growth, businesses must prioritize innovation and customer-centric strategies to stay ahead in this dynamic market.  

 

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KEY MARKET SEGMENTATION

By Agriculture Equipment

Agriculture Equipment By Type (Value)

  • Agriculture Tractors
  • Harvesting Equipment
  • Irrigation & Crop Processing Equipment
  • Agriculture Spraying & Handling Equipment
  • Soil Preparation & Cultivation Equipment
  • Others (Hay & Forage Equipment, Trailers)

Agriculture Equipment By Type (Volume)

  • Agriculture Tractors
  • Harvesting Equipment
  • Irrigation & Crop Processing Equipment
  • Agriculture Spraying & Handling Equipment
  • Soil Preparation & Cultivation Equipment
  • Others (Hay & Forage Equipment, Trailers)

By Snow Removal Equipment

Snow removal Equipment By Type (Value)

  • Loaders
  • Blowers
  • Displacement Plows
  • Rotary Brooms De-Icers
  • Sprayer Trucks
  • Spreaders

Snow removal Equipment By Type (Volume)

  • Loaders
  • Blowers
  • Displacement Plows
  • Rotary Brooms De-Icers
  • Sprayer Trucks
  • Spreaders

By Paving Equipment

Paving Equipment By Type(Value)

  • Wheel Paving Equipment
  • Tracker Paving Equipment

Paving Equipment By Type(Volume)

  • Wheel Paving Equipment
  • Tracker Paving Equipment

By Waste Management Equipment

Waste Management Equipment By Type(Value)

  • Waste Disposal Equipment
  • Waste Recycling & Sorting Equipment

Waste Management Equipment By Type (Volume)

  • Waste Disposal Equipment
  • Waste Recycling & Sorting Equipment

By Construction Equipment

Construction Equipment By Type (Value)

  • Earthmoving Equipment
  • Material Handling Equipment & Cranes
  • Concrete Equipment
  • Road Building Equipment
  • Civil Engineering Equipment
  • Crushing and Screening Equipment
  • Other Equipment

Construction Equipment By Type (Volume)

  • Earthmoving Equipment
  • Material Handling Equipment & Cranes
  • Concrete Equipment
  • Road Building Equipment
  • Civil Engineering Equipment
  • Crushing and Screening Equipment
  • Other Equipment

By Demolition Equipment

Demolition Equipment By Type (Value)

  • Demolition Excavators
  • Demolition Robot

Demolition Equipment By Type (Volume)

  • Demolition Excavators
  • Demolition Robot

By Forestry Equipment

Forestry Equipment By Type ( Value)

  • Felling Equipment
  • Extracting Equipment
  • On-Site Processing Equipment
  • Separately Sold Parts and Attachments
  • Other Forestry Equipment 

Forestry Equipment By Type ( Volume)

  • Felling Equipment
  • Extracting Equipment
  • On-Site Processing Equipment
  • Separately Sold Parts and Attachments
  • Other Forestry Equipment

By Gardening Equipment

Gardening Equipment By Type(Value)

  • Lawn Mowers
  • Handheld Power Tools
  • Hand Tools & Wheeled Implements
  • Water Equipment

Gardening Equipment By Type (Volume)

  • Lawn Mowers
  • Handheld Power Tools
  • Hand Tools & Wheeled Implements
  • Water Equipment

By Mining Equipment

Mining Equipment By Type (Value)

  • Underground Mining Equipment
  • Surface Mining Equipment

Mining Equipment By Type (Volume)

  • Underground Mining Equipment
  • Surface Mining Equipment

By Scrap Metal Recycling Equipment

Scrap Metal Recycling Equipment By Type (Value)

  • Sorting Systems
  • Metal Shredders

Scrap Metal Recycling Equipment By Type (Volume)

  • Sorting Systems
  • Metal Shredders

By Construction Aggregates

Construction Aggregates By Type (Value)

  • Sand
  • Gravel
  • Crushed Stone

Construction Aggregates By Type (Volume)

  • Sand
  • Gravel
  • Crushed Stone

 

Key Players

Hitachi, Ltd-Company Financial Analysis

 

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Table of Contents

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
  5. Value Chain Analysis
  6. Porter’s 5 forces model
  7. PEST Analysis
  8. Global Equipment Market, By Agriculture Equipment
  9. Regional Analysis
  10. Company Profile
  11. Competitive Landscape
  12. USE Cases and Best Practices
  13. Conclusion

 

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