Heavy Construction Vehicles Market size was valued at US$ 72.12 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 3.46% through 2023 to 2029, reaching nearly US$ 91.51 Bn.Heavy Construction Vehicles Market Overview:
Growth in the construction, mining, and oil and gas sector has led to the higher acceptance of off-road vehicles such as dump trucks, bulldozers, loaders, graders, dozers and others. These construction vehicles are used to transport materials, construct the road, mining, excavation, and other purposes. Construction vehicles are essential for all types of construction jobs, such as the construction of a home building, or commercial project, irrespective of the size and scale.To know about the Research Methodology :- Request Free Sample Report
Heavy Construction Vehicles Market Dynamics:
The heavy construction vehicles market is showing northward direction growth in the modern construction industry, thanks to factors such as geographical expansion, rapid urbanization, an adaptation of advanced vehicles, and investment in the construction and manufacturing industry. About 60% of construction companies across the globe have R&D departments for new technology, which is expected to drive market growth during the forecast period. According to U.S. Census Bureau In 2022, the U.S. has invested US $ 350 Bn in the Construction Sector which includes the Highway and Streets, Transportation, Communication, and Power sector. The UK government has invested approximately US$ 16 billion in March 2021 for construction projects in the energy and utility sectors. In India ACE has huge production houses at industrial townships of Faridabad (Haryana). These Plants are fully equipped to produce around 12000 Construction Equipment and 9000 Tractors annually, resulting in boosting the growth of the heavy construction vehicles market. Thanks to increased use and dependence on heavy construction vehicles are expected to increase the rate of work along with stimulating economies, creating jobs, and increasing grid integrity and security. The key players are focusing on design and development of smart, internet-enabled, fuel- & energy-efficient machinery, with advanced technology, resulting in expected to offer significant growth opportunities for the heavy construction vehicles market during the forecast period. New subsidies and tax credit schemes from governments are expected to attract new end-users in this sector. The entry of numerous companies into the construction equipment industry is expected to promote heavy construction vehicle sales. Heavy Construction vehicles are prone to accidents due to their large sizes and complicated applications. Fluctuating prices of oil and increased carbon footprint are the key factors affecting the growth of the heavy construction vehicles industry around the globe. Across the world, 0.0023 Billion people die due to work-related accidents or diseases every year. Also, high costs of maintenance and repair of heavy vehicles, resulting in higher costs and creating challenges for market growth.Heavy Construction Vehicles Market Segment Analysis:
Based on the Product Type, the market is segmented into Dump Trucks, Bulldozers, Loaders, Graders, Dozers, and Others. The Loaders segment held the largest market value of US $ 16.90 Billion in 2022 and is expected to grow with a CAGR of 3.5% during the forecast period. The Loaders are used in construction and mining sites to load materials into transporting vehicles. Asia Pacific region has dominated market share accounting for 45.8 % in 2022 and is expected to witness rapid growth during the forecast period. Dump Trucks are used to transport materials in the construction and mining sector. The rising necessity for rare earth metals and natural resources across the globe is considered as one of the key factors driving the dump trucks demand. In December 2021, Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL) provided new technology-based 20 autonomous NTR100A dump Trucks to a cement manufacturer in China. These trucks allow trucks to work in harsh environments. The Asia Pacific region has generated revenue of US$ 2.59 Bn followed by the North America region which generated US $ 1.63 Bn in 2022. The North American dump truck market size is expected to register a growth rate with a CAGR of 6% during the forecast period. The Bulldozers are soil excavating equipment used for road building, farming, construction, and wrecking application. The bulldozers segment is expected to grow with a CAGR of 6.8 % during the forecast period. According to Randall-Reilly’s EDA equipment report, during last year in the USA, the number of financed new dozers decreased by 13% and sold only 1142 units of new bulldozers, owing to the COVID-19 outbreak. A Grader is also known as a motor grader and it is essential in the construction of building a road. It is a construction-heavy vehicle machine equipped with a long blade used for creating flat surfaces during the grading process. The Asia Pacific held the largest share of US$ 1.1188 Bn. in 2022 and is expected to grow with a CAGR of 5.2% during the forecast period. Asia Pacific region is followed by Europe region and held a market share of US $ 1.0373 Bn. in 2022. Dozers are heavy construction vehicles equipped with front-mounted blades and mainly used for dozing, land cleaning, and offer assistance in the disposal of scrappers. Global sales of dozers are expected to reach 34.50 Bn units worth US$ 2.75 Bn. during the forecast period. Based on Application, the market is segmented into Construction, Mining, Material Handling, and others. The Construction segment has dominated the Heavy Construction Vehicles Market and held 62.89% of the global market share in 2022. Developed and developing countries like China and India are the largest demand generating countries due to massive national highway construction projects, smart city infrastructure development, and waterway connection projects in respective countries. The mining segment has the second leading usage of heavy construction vehicles, thanks to increasing demand for minerals and natural resources, and increase in the Foreign Direct Investment especially in the developing nations like India, China, and South Korea on infrastructure accelerate the market growth. Based on Fuel Type, the market is segmented into Diesel, Electric, and others. Diesel Fuel type engines are dominating in the fuel segment in the Heavy Construction Vehicle Market. The diesel segment has held over 90% of the market share during 2022. Bio-diesel and ethanol-diesel are also being used in diesel engines. Due to the effect of diesel engines on the environment, Electric earthmoving equipment has bright opportunities in the future. Volvo has introduced a Zero-emission electric excavator product line which is a new alternative for diesel engines in the electric segment.Regional Insights:
The Asia Pacific region held the highest market share, accounting for xx% during 2022. Abundant production facilities, easy access to raw materials, and increased R&D activity are all helping Asia-Pacific to expand. China being the largest producer of construction vehicles is expected to positively influence the demand for construction vehicles in this region. According to the Metallurgica Valchiese report 2022, China dominated the market share of bulldozers and excavators by 21% and sold 180000 units during 2022. In 2022 the Indian Government has heavily invested in the development of roads, railway tracks, airports, and overall infrastructure development, which involves the use of excavators, loaders, bulldozers, dumpers, and other such heavy machinery. North America has held significant Heavy Construction Vehicles Market share accounted for xx% in 2022. The approximate value of construction work done in the U.S. is US$ 1290 billion in 2022 and in November 2021 is estimated to be $1.3 billion. The growth of the Heavy Construction Vehicles Market in the North American region is being supported by the growing infrastructure sector. The objective of the report is to present a comprehensive analysis of the Heavy Construction Vehicles Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Heavy Construction Vehicles Market dynamic, structure by analyzing the market segments and project the Heavy Construction Vehicles Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Heavy Construction Vehicles Market make the report investor’s guide.Heavy Construction Vehicles Market Scope: Inquire before buying
Heavy Construction Vehicles Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 3.46% US$ 72.12 Bn US$ 91.51 Bn Segments Covered by Product type Dump Trucks Bulldozers Loaders Graders Dozers Others by Application Construction Mining Material Handling Others by Fuel type Diesel Electric Others Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Key Players
1. Volvo Construction Equipment 2. Hitachi Construction Equipment 3. Sany Group 4. Liebherr 5. Caterpiller INC 6. Komatsu Ltd. 7. Ojsc Belaz 8. Deere & Company 9. Zoomilion 10. Shandong Shantui Construction Machinery Imp&Exp Co 11. CNH Industries 12. Guangxi Liugong Machinery Co. Ltd 13. AB Volvo 14. Action Construction Equipment Ltd. 15. Bell Equipment LtdFrequently Asked Questions:
1] What segments are covered in the Heavy Construction Vehicles Market report? Ans. The segments covered in the Heavy Construction Vehicles Market report are based on Product Type, Application, and Fuel Type. 2] Which region is expected to hold the highest share in the Heavy Construction Vehicles Market? Ans. Asia Pacific Region is expected to hold the highest share in the Heavy Construction Vehicles Market. 3] What is the market size of Heavy Construction Vehicles Market by 2029? Ans. The market size of the Heavy Construction Vehicles Market by 2029 is US $ 91.51 Bn. 4] Who are the top key players in the Heavy Construction Vehicles Market? Ans. Volvo Construction Equipment, Hitachi Construction Equipment, Sany Group, Liebherr, Caterpiller INC , Komatsu Ltd. OJSC BELAZ, Deere & Company, Zoomilion, Shandong Shantui Construction Machinery Imp&Exp Co, CNH Industries, Guangxi Liugong Machinery Co. Ltd, AB Volvo , Action Construction Equipment Ltd. , Bell Equipment Ltd. 5] What was the market size of Heavy Construction Vehicles Market in 2022? Ans. The market size of the Heavy Construction Vehicles Market in 2022 was US $ 72.12 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Heavy Construction Vehicles Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Heavy Construction Vehicles Market 3.4. Geographical Snapshot of the Heavy Construction Vehicles Market, By Manufacturer share 4. Heavy Construction Vehicles Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. The threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Heavy Construction Vehicles Market 5. Supply Side and Demand Side Indicators 6. Heavy Construction Vehicles Market Analysis and Forecast, 2022-2029 6.1. Heavy Construction Vehicles Market Size & Y-o-Y Growth Analysis. 7. Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 7.1.1. Dump Trucks 7.1.2. Bulldozers 7.1.3. Loaders 7.1.4. Graders 7.1.5. Dozers 7.1.6. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Construction 7.2.2. Mining 7.2.3. Material Handling 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 7.3.1. Diesel 7.3.2. Electric 7.3.3. Others 7.4. Market Size (Value) Estimates & Forecast By Region, 2022-2029 7.4.1. North America 7.4.2. Europe 7.4.3. Asia-Pacific 7.4.4. Middle East & Africa 7.4.5. South America 8. Heavy Construction Vehicles Market analysis and Forecasts, by Region 8.1. Market Size (Value) Estimates & Forecast by Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia Pacific 8.1.4. Middle East and Africa 8.1.5. South America 9. North America Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 9.1.1. Dump Trucks 9.1.2. Bulldozers 9.1.3. Loaders 9.1.4. Graders 9.1.5. Dozers 9.1.6. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Construction 9.2.2. Mining 9.2.3. Material Handling 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 9.3.1. Diesel 9.3.2. Electric 9.3.3. Others 10. North America Heavy Construction Vehicles Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 12. Canada Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 13. Mexico Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 14. Europe Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 15. Europe Heavy Construction Vehicles Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 17. France Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 18. Germany Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 19. Italy Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 20. Spain Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 21. Sweden Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 22. CIS Countries Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 23. Rest of Europe Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 24. Asia Pacific Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 25. Asia Pacific Heavy Construction Vehicles Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 27. India Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 28. Japan Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 29. South Korea Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 30. Australia Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 31. ASEAN Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 32. Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 33. Middle East Africa Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 34. Middle East Africa Heavy Construction Vehicles Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 36. GCC Countries Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 37. Egypt Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 38. Nigeria Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 40. South America Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 41. South America Heavy Construction Vehicles Market Analysis and Forecast, by country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 43. Argentina Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 44. Rest of South America Heavy Construction Vehicles Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Fuel type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Heavy Construction Vehicles Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Volvo Construction Equipment 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Hitachi Construction Equipment 45.3.3. Sany Group 45.3.4. Liebherr 45.3.5. Caterpiller INC 45.3.6. Komatsu Ltd. 45.3.7. OJSC BELAZ 45.3.8. Deere & Company 45.3.9. Zoomilion 45.3.10. Shandong Shantui Construction Machinery Imp&Exp Co 45.3.11. CNH Industries 45.3.12. Guangxi Liugong Machinery Co. Ltd 45.3.13. AB Volvo 45.3.14. Action Construction Equipment Ltd. 45.3.15. Bell Equipment Ltd. 46. Primary Key Insights