Top 5 Vendors in the Concrete and Road Construction Equipment Market from 2017 to 2021 | Technavio

Technavio has announced the top five leading vendors in their recent global concrete and road construction equipment market report. This research report also lists 27 other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global concrete and road construction equipment market f ...

Technavio has published a new report on the global concrete and road construction equipment market from 2017-2021. (Graphic: Business Wire)

In 2016, crude oil prices stabilized after the Organization of Petroleum Exporting Countries (OPEC) signed an agreement on extracting crude oil in less volume. The year 2016 also witnessed the stabilization of economic conditions of countries in the EU and Latin America. With the expected stabilization of crude oil prices during the forecast period, it is anticipated that government investments in infrastructure projects will also increase.

In 2016, the market in APAC witnessed moderate growth. However, the demand for construction equipment was higher in APAC than other regions. This was majorly due to the increased demand for construction equipment in countries, such as India and China. This demand was coupled with the increased spending power of the population, thus making the ownership of a house affordable.

Competitive vendor landscape

The global concrete and road construction equipment market is fragmented, consisting of large-scale international manufacturers as well as low-scale regional vendors, with the clear dominance of large international players. The manufacturing of concrete and road construction equipment requires significant initial investments, especially in R&D and setting up manufacturing facilities, because these devices are heavy-duty and require a substantial amount of time and workforce.

“Certain large-scale international vendors dominate the market in most regions globally. In some regions, low-scale vendors dominate the market. Vendors operating in this market experience the maximum demand from the road infrastructure sector, making government roadwork authorities the prominent end-users of concrete and road construction equipment,” says Gaurav Mohindru, a lead construction research analyst from Technavio.

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Top five concrete and road construction equipment market vendors

Caterpillar

Caterpillar is an American multinational corporation which is focused in manufacturing and selling various construction equipment. It has its presence in various industries, such as heavy industries, finance, and engines. Caterpillar is a prominent manufacturer of construction, diesel, and natural gas engines.

Deere

Deere (brand name John Deere) is an American multinational corporation that manufactures construction, agricultural, diesel engines, forestry machinery, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. The company also provides financial services and other related activities.

Komatsu

Komatsu operates in businesses, such as electronics, and other solution-based operations, logistics, construction and mining equipment, industrial machinery, and vehicles. It is a multinational corporation with manufacturing facilities in Japan, the UK, Sweden, Norway, Russia, Germany, Italy, China, India, Indonesia, Thailand, the US, Canada, Mexico, and Brazil.

Terex

Terex is an American multinational corporation which provides equipment and solutions for industries, such as transportation, construction, energy, mining, shipping, infrastructure, quarrying, recycling, refining, and utilities.

Volvo

Volvo is a manufacturer of trucks, mining equipment, and construction equipment. Volvo focuses in construction equipment and offers products and services in over 140 countries. The top products offered by Volvo are compactors, pavers, and loaders.

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