The Heavy Construction Vehicles Market size was valued at USD 72.54 Billion in 2023 and the total Heavy Construction Vehicles revenue is expected to grow at a CAGR of 3.83% from 2024 to 2030, reaching nearly USD 94.37 Billion by 2030.Heavy Construction Vehicles Market Overview:
Growth in the construction, mining, and oil and gas sectors 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 ReportHeavy Construction Vehicles Market Dynamics:
Geographical Expansion and Infrastructure Investments The heavy construction vehicles market is strongly driven by various governments across the globe through massive geographical expansion and significant investments in infrastructure. This trend is especially evident in developed economies such as the U.S., where, in 2022, the government allocated a substantial $350 billion to the construction sector. These investments were made in critical sectors such as highways, parks, transportation, communication, and power, all of which require heavy construction vehicles like excavators, bulldozers, cranes, and more to ensure the timely completion of major infrastructure projects. Similarly, the UK government's investment in 2021, primarily targeting energy and infrastructure in the construction sector, underscores the increasing demand for heavy construction vehicles. This investment is part of the country's broader infrastructure strategy to develop and expand the construction sector, not only fostering growth within the sector but also stimulating the economy through job creation and enhanced connectivity. As countries prioritize infrastructure to support economic growth, the demand for heavy construction vehicles is expected to rise significantly. This trend highlights the crucial role of government investment in promoting market expansion, particularly in industries that require robust and reliable construction equipment. Rapid Urbanization and Industrialization In India the construction industry is booming, supported by leading companies like ACE, which has set up large manufacturing facilities in the industrial city of Faridabad in Haryana. These factories are fully equipped to manufacture about 12,000 construction machines and 9,000 tractors annually. These large-scale manufacturing operations meet the growing demand for construction machinery driven by urbanization and rapid industrialization in the region. As more people migrate to cities, the need for infrastructure to support this growing population becomes increasingly important. As a result, the demand for heavy construction vehicles, essential for tasks such as excavation, material handling, and more, is expected to continue rising. This trend not only drives market development but also contributes to the overall economic growth of urbanizing communities. Adoption of Advanced Technology The adoption of advanced technologies in the heavy construction vehicle market is an important development, as it increases efficiency, reduces operating costs, and aligns with global sustainability goals. Key players in the industry are focusing on internet-enabled intelligent construction vehicles combined with state-of-the-art technologies and automation, which improve production accuracy and efficiency. For example, modern construction vehicles equipped with telematics allow users to monitor real-time vehicle performance, optimize fuel consumption, and reduce downtime. These intelligent vehicles also contribute to safety by offering advanced warning systems and autonomous features that reduce the risk of accidents. This focus on innovation not only increases the operational efficiency of construction vehicles but also supports the industry’s transition to greener and more sustainable practices. In addition, government incentives, such as subsidies and tax credits for the use of energy-efficient machinery, continue to drive the adoption of advanced technologies in the heavy construction vehicle market. As a result, companies developing next-generation construction vehicles to meet the evolving needs of the industry are increasingly investing in R&D, which drives market growth during the forecast period.Heavy Construction Vehicles Market Segment Analysis:
Based on the Product Type segment, the market is categorized into Dump Trucks, Bulldozers, Loaders, Graders, Dozers, and Others. The Loaders segment held the largest market value of US $16.90 billion in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period. Loaders are used in construction and mining sites to load materials into transporting vehicles. The Asia-Pacific region dominated the market, accounting for 45.8% in 2023, and is expected to witness rapid growth during the forecast period. Dump Trucks are used to transport materials in the construction and mining sectors. The increasing demand for rare earth metals and natural resources globally is driving the demand for dump trucks. In December 2021, Inner Mongolia North Hauler Joint Stock Co., Ltd. (NHL) introduced 20 new autonomous NTR100A dump trucks to a cement manufacturer in China. These trucks are designed to operate in harsh environments. The Asia-Pacific region generated revenue of US $2.59 billion, followed by North America, which generated US $1.63 billion in 2023. The North American dump truck market is expected to grow at a CAGR of 6% during the forecast period. Bulldozers are soil-excavating equipment used for road building, farming, construction, and demolition applications. The bulldozers segment is expected to grow at a CAGR of 6.8% during the forecast period. According to Randall-Reilly’s EDA equipment report, the number of financed new dozers in the USA decreased by 13% last year, with only 1,142 units sold, due to the COVID-19 outbreak. A Grader, also known as a motor grader, is essential for road construction. It is a heavy construction vehicle equipped with a long blade used for creating flat surfaces during the grading process. The Asia-Pacific region held the largest share of USD xx billion in 2023 and is expected to grow at a CAGR of 5.2% during the forecast period. The Asia-Pacific region is followed by Europe, which held a market size of USD xx billion in 2023. Dozers are heavy construction vehicles equipped with front-mounted blades, mainly used for dozing, land clearing, and assisting in the disposal of scrap. Global sales of dozers are expected to reach USD xx billion units worth USD xx billion 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, holding 62.89% of the global market share in 2023. Developed and developing countries such as China and India generate the largest demand due to massive national highway construction projects, smart city infrastructure development, and waterway connection projects in their respective countries. The Mining segment is the second leading user of heavy construction vehicles, driven by increasing demand for minerals and natural resources, as well as an increase in foreign direct investment, particularly in developing nations like India, China, and South Korea, which is accelerating market growth. Based on fuel type, the market is segmented into Diesel, Electric, and others. Diesel fuel engines dominate the fuel segment in the heavy construction vehicle market, with the diesel segment holding over 90% of the market share in 2023. Biodiesel and ethanol-diesel are also used in diesel engines. Due to the environmental impact of diesel engines, electric earthmoving equipment has promising future opportunities. For instance, Volvo has introduced a zero-emission electric excavator product line as a new alternative to diesel engines in the electric segment.Heavy Construction Vehicles Market Regional Insights:
The Asia-Pacific region held the highest market share, accounting for xx% in 2023. Abundant production facilities, easy access to raw materials, and increased R&D activity are all contributing to the expansion of the region. China, being the largest producer of construction vehicles, is expected to positively influence the demand for these vehicles in Asia-Pacific. According to the Metallurgical Valchiese Report 2023, China dominated the market share of bulldozers and excavators with 21% and sold 180,000 units in 2022. In 2023, the Indian government heavily invested in the development of roads, railway tracks, airports, and overall infrastructure, which involves the use of excavators, loaders, bulldozers, dumpers, and other heavy machinery. North America also held a significant share of the Heavy Construction Vehicles Market, accounting for xx% in 2023. The approximate value of construction work done in the U.S. was xx billion in 2023, compared to xx billion in November 2021. The growth of the heavy construction vehicles market in the North American region is supported by the expanding infrastructure sector. Heavy Construction Vehicles Market Recent Developments: 1. Major manufacturers, such as Komatsu, are expanding their presence in emerging markets, including Asia-Pacific and Africa. Komatsu has opened new production facilities and distribution networks in these regions to meet the growing demand for construction equipment driven by infrastructure projects and urbanization. This expansion supports the overall growth of the heavy construction vehicles market and helps meet the increasing needs of rapidly developing regions. 2. The integration of advanced technologies, such as telematics and autonomous systems, is transforming the heavy construction vehicles market. For example, Caterpillar has introduced the Cat Command for Hauling system, which enables remote and autonomous operation of haul trucks. This technology improves safety by reducing human error and enhances productivity through more precise control and monitoring of equipment.Heavy Construction Vehicles Market Scope: Inquire before buying
Global Heavy Construction Vehicles Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 72.54 Bn. Forecast Period 2024 to 2030 CAGR: 3.83% Market Size in 2030: USD 94.37 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 Heavy Construction Vehicles Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Leading Heavy Construction Vehicles Market 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 Ltd FAQs: 1. What are the growth drivers for the Heavy Construction Vehicles market? Ans. Government investments in large-scale infrastructure projects, such as highways, bridges, railways, and airports, are a major driver, creating significant demand for heavy construction vehicles. 2. What are the factors restraining the global Heavy Construction Vehicles market growth during the forecast period? Ans. The substantial capital required to purchase heavy construction vehicles can be a significant barrier for small and medium-sized construction companies, limiting market growth. 3. Which region is expected to lead the global Heavy Construction Vehicles market during the forecast period? Ans. Asia-PAcific is expected to lead the global Heavy Construction Vehicles market during the forecast period. 4. What is the projected market size and growth rate of the Heavy Construction Vehicles Market? Ans. The Heavy Construction Vehicles Market size was valued at USD 72.54 billion in 2023 and the total Heavy Construction Vehicles revenue is expected to grow at a CAGR of 3.83% from 2024 to 2030, reaching nearly USD 94.37 Billion by 2030. 5. What segments are covered in the Heavy Construction Vehicles Market report? Ans. The segments covered in the Heavy Construction Vehicles market report are Product Type, Fuel Type, Application, and Region.
1. Heavy Construction Vehicles Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Heavy Construction Vehicles Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Fuel Type Segment 2.3.3. Application Segment 2.3.4. Revenue (2023) 2.3.5. Company Headquarter 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Heavy Construction Vehicles Market: Dynamics 3.1. Heavy Construction Vehicles Market Trends 3.2. Heavy Construction Vehicles Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Technological Roadmap 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 3.7. Key Opinion Leader Analysis For Heavy Construction Vehicles Industry 3.8. Analysis of Government Schemes and Initiatives For the Heavy Construction Vehicles Industry 4. Heavy Construction Vehicles Market: Global Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 4.1. Global Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 4.1.1. Dump Trucks 4.1.2. Bulldozers 4.1.3. Loaders 4.1.4. Graders 4.1.5. Dozers 4.1.6. Others 4.2. Global Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 4.2.1. Construction 4.2.2. Mining 4.2.3. Material Handling 4.2.4. Others 4.3. Global Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 4.3.1. Diesel 4.3.2. Electric 4.3.3. Others 4.4. Global Heavy Construction Vehicles Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. Middle East and Africa 4.4.5. South America 5. North America Heavy Construction Vehicles Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 5.1.1. North America Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 5.1.2. Dump Trucks 5.1.3. Bulldozers 5.1.4. Loaders 5.1.5. Graders 5.1.6. Dozers 5.1.7. Others 5.1.8. North America Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 5.1.9. Construction 5.1.10. Mining 5.1.11. Material Handling 5.1.12. Others 5.1.13. North America Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 5.1.14. Diesel 5.1.15. Electric 5.1.16. Others 5.2. North America Heavy Construction Vehicles Market Size and Forecast, by Country (2023-2030) 5.2.1. United States 5.2.1.1.1. United States Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 5.2.1.1.2. Dump Trucks 5.2.1.1.3. Bulldozers 5.2.1.1.4. Loaders 5.2.1.1.5. Graders 5.2.1.1.6. Dozers 5.2.1.1.7. Others 5.2.1.1.8. United States Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 5.2.1.1.9. Construction 5.2.1.1.10. Mining 5.2.1.1.11. Material Handling 5.2.1.1.12. Others 5.2.1.1.13. United States Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 5.2.1.1.14. Diesel 5.2.1.1.15. Electric 5.2.1.1.16. Others 5.2.2. Canada 5.2.2.1.1. Canada Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 5.2.2.1.2. Dump Trucks 5.2.2.1.3. Bulldozers 5.2.2.1.4. Loaders 5.2.2.1.5. Graders 5.2.2.1.6. Dozers 5.2.2.1.7. Others 5.2.2.1.8. Canada Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 5.2.2.1.9. Construction 5.2.2.1.10. Mining 5.2.2.1.11. Material Handling 5.2.2.1.12. Others 5.2.2.1.13. Canada Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 5.2.2.1.14. Diesel 5.2.2.1.15. Electric 5.2.2.1.16. Others 5.2.3. Mexico 5.2.3.1.1. Mexico Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 5.2.3.1.2. Dump Trucks 5.2.3.1.3. Bulldozers 5.2.3.1.4. Loaders 5.2.3.1.5. Graders 5.2.3.1.6. Dozers 5.2.3.1.7. Others 5.2.3.1.8. Mexico Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 5.2.3.1.9. Construction 5.2.3.1.10. Mining 5.2.3.1.11. Material Handling 5.2.3.1.12. Others 5.2.3.1.13. Mexico Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 5.2.3.1.14. Diesel 5.2.3.1.15. Electric 5.2.3.1.16. Others 6. Europe Heavy Construction Vehicles Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 6.1. Europe Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.2. Europe Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.3. Europe Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4. Europe Heavy Construction Vehicles Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.1.2. United Kingdom Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.1.3. United Kingdom Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.2. France 6.4.2.1. France Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.2.2. France Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.2.3. France Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.3.2. Germany Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Germany Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.4.2. Italy Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.4.3. Italy Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.5.2. Spain Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Spain Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.6.2. Sweden Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Sweden Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.7. Russia 6.4.7.1. Russia Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.7.2. Russia Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Russia Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 6.4.8.2. Rest of Europe Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Rest of Europe Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7. Asia Pacific Heavy Construction Vehicles Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 7.1. Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.2. Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.3. Europe Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4. Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.1.2. China Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.1.3. china Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.2. South Korea 7.4.2.1. South Korea Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.2.2. Europe Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.2.3. South Korea Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.2.4. South Korea Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.3.2. Japan Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Japan Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.4. India 7.4.4.1. India Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.4.2. India Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.4.3. India Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.5.2. Australia Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.5.3. Australia Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.6. ASEAN 7.4.6.1. ASEAN Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.6.2. ASEAN Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.6.3. ASEAN Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 7.4.7.3. Rest of Asia Pacific Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 8. Middle East and Africa Heavy Construction Vehicles Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 8.1. Middle East and Africa Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 8.2. Middle East and Africa Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 8.3. Middle East and Africa Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 8.4. Middle East and Africa Heavy Construction Vehicles Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 8.4.1.2. South Africa Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 8.4.1.3. South Africa Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 8.4.2. GCC 8.4.2.1. GCC Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 8.4.2.2. GCC Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 8.4.2.3. GCC Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 8.4.3. Rest of ME&A 8.4.3.1. Rest of ME&A Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 8.4.3.2. Rest of ME&A Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest of ME&A Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 9. South America Heavy Construction Vehicles Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 9.1. South America Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 9.2. South America Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 9.3. South America Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 9.4. South America Heavy Construction Vehicles Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 9.4.1.2. Brazil Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 9.4.1.3. Brazil Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 9.4.2.2. Argentina Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 9.4.2.3. Argentina Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Heavy Construction Vehicles Market Size and Forecast, by Product Type (2023-2030) 9.4.3.2. Rest Of South America Heavy Construction Vehicles Market Size and Forecast, by Application (2023-2030) 9.4.3.3. Rest Of South America Heavy Construction Vehicles Market Size and Forecast, by Fuel Type (2023-2030) 10. Company Profile: Key Players 10.1. Volvo Construction Equipment 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Hitachi Construction Equipment 10.3. Sany Group 10.4. Liebherr 10.5. Caterpiller INC 10.6. Komatsu Ltd. 10.7. Ojsc Belaz 10.8. Deere & Company 10.9. Zoomilion 10.10. Shandong Shantui Construction Machinery Imp&Exp Co 10.11. CNH Industries 10.12. Guangxi Liugong Machinery Co. Ltd 10.13. AB Volvo 10.14. Action Construction Equipment Ltd. 10.15. Bell Equipment Ltd 11. Key Findings 12. Industry Recommendations 13. Heavy Construction Vehicles Market: Research Methodology 14. Terms and Glossary