US Road Construction Equipment Market 2021-2026

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    US ROAD CONSTRUCTION EQUIPMENT MARKET

     

    INTRODUCTION

    Heavy Construction equipment, often known as heavy machinery, refers to heavy-duty vehicles that are specifically built for carrying out construction duties, most commonly earthwork operations or other significant construction projects.

     

    Implementation, traction, structure, power train, control, and information are the five equipment systems found in heavy machinery.

     

    This equipment operates on the mechanical advantage of a basic machine, multiplying the ratio of input force provided to force exerted, making operations that would need hundreds of people and weeks of effort without heavy equipment significantly less intense in nature. Hydraulic drives are used as the major source of motion in several pieces of equipment.

     

    Modern construction equipment is essential in the construction sector, where commercial objectives are firmly based on time and profit.

     

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    Modern construction equipment is fast and dependable, with high-quality control systems built in as they have progressed through time.

     

    US infrastructure aspirations, whether pursued by the government, builders, or individuals, will necessitate the utilization of best-in-class gear.  The need for seamless connection and modern road networks is at an all-time high in this new era of growth.

     

    To achieve the goal of becoming regarded as a developed nation, governments are executing a number of road-infrastructure development projects.

     

    With technological advancements in the field and some ingenious inventions, road construction machines that we see today are capable of executing complex tasks in even the most uninhabitable corners of the world.

     

     

    US ROAD CONSTRUCTION EQUIPMENT MARKET DYNAMICS

    Improper usage of heavy machinery can result in fatalities and injuries, lowering the market value. The high capital expenditures necessary to buy new construction equipment are also limiting business expansion.

     

    To alleviate the impact of this constraint, industry participants are offering enticing financial services and installment-based payment solutions.

     

    The shortage of qualified and trained operators, as well as the high cost of construction equipment, are key issues impeding market expansion. Leaders in the market are launching technologically improved machinery.

     

    The infrastructure and construction industry is a crucial growth factor for a country’s economic development. The high priority placed by regional government authorities on investing in significant public infrastructure projects will have a favourable impact on market income.

     

    The construction equipment industry is seeing significant demand from the smart construction sector. Technological advancements, together with strategic alliances among various market participants, are driving the industry’s digital transformation.

     

    Construction equipment with this power output enables manufacturers to enhance machine capabilities while also downsizing the engine to a smaller displacement.

     

    This saves maintenance expenses while also improving fuel economy and component layout. Construction equipment with a power output range of 100-200 HP is generally useful for road, airport, and commercial construction projects.

     

    The growing urban population, as well as the desire for greater infrastructure, are providing substantial growth possibilities for earthmoving construction equipment.

     

    Despite government expenditure cuts, the construction sector in the United States is predicted to increase at a reasonable clip. However, low-interest rates are available.

     

     

    US ROAD CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

    The US Road Construction Equipment Market can be segmented into following categories for further analysis.

    By Application

    • Commercial Application
    • High-Capacity User Application
    • Infrastructure Application

     

    By Usage Classification Type

    • Articulated Dump Truck
    • Asphalt Finisher
    • Backhoe Loader
    • Crawler Dozer
    • Crawler Excavator
    • Crawler Loader
    • Mini Excavator
    • Motor Grader
    • Motor Scraper
    • Rigid Dump Truck
    • Road Roller
    • Rough Terrain Lift Truck (RTLT) Masted
    • Rough Terrain Lift Truck (RTLT) Telescopic
    • Skid-Steer Loader
    • Wheeled Excavator
    • Wheeled Loader <80 HP
    • Wheeled Loader >80 HP
    • Compactor
    • Pick and Carry Crane

     

    By Operational Technology Type

    • Earthmoving Equipment
    • Material Handling Equipment
    • Heavy Construction Vehicle
    • Other Equipment

     

    By Usage Application Type

    • Highways
    • Expressways
    • Bridges
    • Airport Pavements

     

    By Regional Classification

    • Western Region – USA
    • Mid-West Region – USA
    • Northeast Region – USA
    • Southern Region – USA

     

    RECENT TECHNOLOGICAL TRENDS IN US ROAD CONSTRUCTION EQUIPMENT MARKET

    Construction is one of the world’s fastest expanding sectors, and the use of automation and machine control technology is increasing quickly.

     

    Developed nations are already experiencing the benefits of modern control technologies and advanced automation, such as increased productivity, lower costs, perfect predictability, efficiency, quality, and safety, among other things.

     

    To accelerate the pace of higher-quality road building, equipment manufacturers have introduced innovative and intelligent road construction technologies. It is past time for project management firms to implement such technology.

     

    Furthermore, this enables them to keep projects on track and complete them on time and with superior quality.

     

    Things are changing, however, as mobile equipment manufacturers provide advanced features such as GPS, data collecting, condition monitoring, secure remote repair, networking possibilities, and much more.

     

    As a result, the obstacles to adopting new technology are lowering; nonetheless, it will take some time to attain the levels of automation used in the Western world.

     

    Big companies have begun to use technology such as Industrial IoT for real-time data monitoring, data analytics, and predictive maintenance to improve availability, efficiency, and profitability.

     

    Data-driven technology and Big data analytics have ushered in a sea change in the construction industry, particularly in the construction of roads and highways.

     

    The very demanding circumstances in the construction sector, for example, has raised the requirement for exact, clear, and verifiable compaction results.

     

    The criteria for bidding and tendering in road building are becoming more stringent, as are the quality standards. The upshot of the OEMs’ and automation suppliers’ inventive attitude is “Intelligent Compaction” technology.

     

    Compactors with higher dependability and fuel efficiency have a significant impact on purchasing behaviour. Customer satisfaction is important in addition to performance and productivity.

     

     

    US ROAD CONSTRUCTION EQUIPMENT MARKET COMPETITIVE LANDSCAPE

    In the market, major companies are involved in the manufacture of big scale construction equipment. In the construction industry, a variety of equipment is employed.

     

    These are utilized on both a large and small scale. Building and structural construction, road construction, undersea and other maritime construction work, power projects, and so on have all made use of many sorts of equipment.

     

    Building projects entail a variety of processes, whether on a big or small scale: excavation and digging of vast quantities of dirt, placement of construction materials (e.g., bricks, concrete), compacting and levelling, dozing, grading, hauling, and so on.

     

    CAT has been a major developer of technology-based equipment in the US market and is aiming at improvising various levels of requirements.

     

    The 770 G has been updated with the most recently improvised technologies for heavy construction. The improved Traction Control System (TCS) on the 770G keeps you going even when the ground conditions aren’t ideal.

     

    Fuel consumption will be reduced thanks to innovative and adaptable fuel savings, and we’ll make the operating experience best in class with automotive grade shifting, noise reduction, and cab changes.

     

    Cat Command enables users to manage equipment while standing outside the unit. Cat operators can remotely manage a piece of equipment using a sophisticated controller or terminal.

     

    This technology provides operators with a plethora of new options. Operators may operate numerous models at once while remaining safe in hazardous areas by remotely operating their devices.

     

    Furthermore, Cat Command increases productivity by increasing operator comfort and allowing operators to have better sightlines in difficult situations.

     

    JCB is developing the latest integrations within the US market which are much focused on technologically advanced machinery. Backhoe Loaders from JCB may be utilized as two machines in one for all types of road building.

     

    They may be employed as loaders for re-handling, truck loading, dozing, and site clearing, as well as excavators for digging, breaking, loading, trenching, and other road construction clearance tasks.

     

    JCB ‘ecoXcellence’ Backhoe Loaders – 2DX, 3DX, 3DX Xtra, 3DX Super, and 4DX – establish new benchmarks in fuel efficiency, productivity, dependability, and operator comfort with a variety of one for every need.

     

    The JCB Backhoe Loader has improved even further with the addition of five world-first technologies, including an AMT dubbed Easy Shift, which is an Automated Manual Transmission.

     

    In keeping with our idea of being a Full Range Infrastructure Equipment Partner, we are fuelling the next generation of infrastructure by incorporating smart and digitally enhanced technology into our products and services.

     

    We are expanding our services to deliver the most up-to-date solutions based on changing client trends, such as user-centric apps and the integration of the Internet of Things through innovative Telematics Technology, Livelink.

     

     

    US ROAD CONSTRUCTION EQUIPMENT MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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