Heavy Construction Equipment Market Worth $195.0 Billion by 2018

The heavy construction equipment market will grow from an estimated $131.1 billion in 2013 to $195.0 billion by 2018, at a CAGR of 8.3% from 2013 to 2018

July 3, 2013

The report "Heavy Construction Equipment Market: By Types (Earthmoving, Material Handling, Heavy Construction Vehicles, Others), Application Areas (Infrastructure, Commercial, Residential), and Geography - Global Trends & Forecast To 2018", defines and segments the global heavy construction equipment market with an analysis and forecast of the revenue. The heavy construction equipment market will grow from an estimated $131.1 billion in 2013 to $195.0 billion by 2018, at a CAGR of 8.3% from 2013 to 2018.

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White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.

The Port of Baltimore is used by many of the largest construction machinery manufacturers.

Construction Supply Chain and the Baltimore Bridge Collapse

How much will construction and other supply chains be impacted by the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore? End users may temporarily face delays and increases.

Emerging technologies and advancements including visual intelligence, sensors, Internet of Things (IoT) devices, robotics, immersive collaboration and 3D printing are surging in popularity among contractors and construction professionals.

Construction Trends for 2024

While the industry will continue to go through transformation like many others, those willing to marry the fundamentals of the craft with new technology and sustainable building methods can continue to experience great success in 2024 and beyond.

HVO can be used interchangeably with petroleum diesel.

Mack Trucks Uses Hydrotreated Vegetable Oil as Fuel

HVO is produced from lipid sources, such as waste vegetable oils and tallow, reducing reliance on fossil fuels and greenhouse gas (GHG) emissions.

The need to transport skilled workers to remote locations not only incurs additional costs but also poses logistical challenges for contractors.

Personal Vehicle Programs Shuttle Workers to Remote Sites

One solution to address the challenge of mobilizing skilled workers to remote jobsites is the implementation of vehicle reimbursement programs.

This partnership signifies a significant expansion in access to Magni's telehandlers throughout both states.

MacAllister Enters Magni's Dealer Network of Telehandlers in Indiana and Michigan

With Magni's telehandlers now readily available through MacAllister, customers across Indiana and Michigan can expect enhanced efficiency, safety, and productivity on their projects

Components that can improve visibility include rearview cameras, around-view monitor camera systems and sensors.

How to Prepare Equipment for Summer Extremes

From operator health to equipment maintenance, steps can be taken to protect the assets and people on construction sites.

A diagnostic tool provides comprehensive technical information for every make and model of construction equipment.

Diagnostic Tools Upgrade Preventive Maintenance

Equipment care can help revolutionize the construction industry.

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American Concrete Institute Elects 2024-2025 President and Board

The American Concrete Institute (ACI) has announced its 2024-2025 president, vice president, and four board members.

Charter Up Construction

Hidden Costs of Worksite Parking

Re-evaluating crew transportation logistics through the lens of shuttle services is not just an operational decision, it's a strategic investment in the future of construction project management.

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Autodesk to Improve Collaboration, Cloud Tools

The interoperability agreement with Nemetschek Group will allow the two companies to improve upon existing data exchanges and open new data-centric workflows that span disciplines and industries.

Rental Snapshot Tom Butts of Nor-Cal Equipment Rentals

Rental Snapshot: A Desire to be Unique

Celebrating its 20th anniversary in 2024, Nor-Cal Equipment Rentals has evolved into a unique, electrifying company. Part of that ingenuity comes from owner Tom Butts, who shares his insights in this month’s Rental Snapshot.

Reputable sellers, UCC searches, and ensuring all paperwork is accounted for are all good practices to follow.

Buying Used Concrete Equipment? Beware of Hidden Liens

There's an uncommon-but-real issue that could crop up when buying any type of used equipment, and that’s buying equipment that unknowingly has a lien on it.

Shortly after its origin, the Cary-Lift product line was acquired by Pettibone, and it remains a popular solution for pipe, pole, and log handling to this day.

Pettibone Celebrates 75th Anniversary of Cary-Lift

Pettibone announced that it is celebrating the 75th anniversary of the creation of the Cary-Lift.

Terry Harris began his career in the concrete industry in 1979 and has more than four decades of experience with ready mixed concrete, precast, masonry, and admixtures.

Concrete Industry Veteran Earns Leadership Award

National Ready Mixed Concrete Association established the Shydlowski-Turner Materials Leadership Award to honor an individual who, as a materials supplier to the ready mixed concrete industry, exemplifies leadership, commitment, and support for industry.

Unicontrol and Level Best, united in their commitment to driving innovation and efficiency in the construction industry, aim to push the boundaries of construction technology, setting new benchmarks for excellence as the industry becomes increasingly receptive to these advancements.

Unicontrol to Integrate 3D Tech With Level Best Equipment

By integrating Unicontrol's 3D machine control system with Level Best's precision grading equipment, this partnership aims to raise standards in machinery efficiency and usability.

The electric-powered excavator can be charged rapidly using the PowerTree.

DEUTZ Highlights Eco-friendly Parts, Software

The company will showcase the TCD 3.9 engine in the sub-4 liter category along with an electric excavator, powered by DEUTZ Electric System, and the DEUTZ PowerTree mobile rapid charging system at INTERMAT.

Gerrit Marx.

CNH Names CEO

Gerrit Marx will succeed Scott Wine as of July 1.

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Deere, Purdy Search for Chief Tractor Officer

To apply, candidates must submit a short-form video with their pitch for the position, showing the creativity, humor, and passion they’d bring to the job.

White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.

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Designing an Effective Hiring Process

Getting the right people on your team is critical to the sustainability of your business. High turnover rates or underperforming team members can have a detrimental impact on your business and profitability.

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Club Car Opens UTV Factory in US

Club Car has opened a new factory in the state of Georgia that will be used for producing popular utility task vehicles (UTVs) that are powered electrically.

Changing Colors: Yanmar Turns to Red

As part of the company's shift in market approach, execs explain the strategy behind the brand's 2020 departure from conventional yellow machine livery to today's Premium Red.

Located in Apodaca, a city in the Monterrey metropolitan area, the site was strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply and warehousing on a local basis.

OTR to Open Factory in Mexico

Located in Apodaca, a city in the Monterrey metropolitan area, the site was strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply and warehousing on a local basis.

The new facility, focused on high complexity and high variation specialty fifth wheel manufacturing, will include the current SAF-HOLLAND Wylie, Texas operation.

SAF-HOLLAND to Build New Factory in Texas

The new Rowlett facility is the next phase of the SAF-HOLLAND manufacturing optimization and vertical integration strategy to increase capacity output that began with the opening of its Piedras Negras, Coahuila, Mexico plant in August 2023.

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Volvo Construction Testing Out Excavator Delivery in France With E-shuttle

The e-shuttle service is designed to reduce emissions during the first transport leg of construction machines from the Volvo CE factory in France.

Compared to the strong sales of the same period last year, market demand is softening across the globe, with lower deliveries and order intake in Europe and North America compensated slightly by a stronger performance in Asia.

Volvo CE Reports Slow Q1 Sales, Orders

Overall, order intake for the Volvo brand decreased in line with market development in Europe and North America.