18,180 Units of Construction Equipment to be Sold in Australia, The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, & Growth Forecast 2023-2029 - Arizton

Arizton published the latest research report, “Australia Construction Equipment Market - Strategic Assessment & Forecast 2023-2029”, Industry Trends, Growth, Opportunity Company Analysis. The Australia construction equipment market was estimated at 14,006 units in 2022.  

The report considers the present scenario of the Australia construction equipment market and its market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market. 

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The Australian construction equipment industry trends include increasing hybrid and electric construction equipment sales, integrating telematics systems, and launching smart construction solutions. A few road construction projects starting in 2022, such as the M1 Pacific Motorway Extension to Raymond Terrace, are expected to boost demand for road construction machinery in Australia. Other construction projects include a highway upgrade, the Princes Highway Upgrade, worth USD 450 million, and the aim to improve New South Wales' primary route between Sydney and the Victorian border. Furthermore, increased government investment under the 'Infrastructure Investment Programme' and the renewable energy sector is expected to propel the Australia construction equipment market during the forecast period.  

The other construction equipment segment in Australia accounted for 7.2% of the overall construction equipment market in 2022. Australia's other construction equipment market is estimated to reach 1,273 units by 2029. 

Construction of the Gold Coast Light Rail will link communities with businesses and jobs, hospitals and medical facilities, education, shopping, dining, entertainment, and sporting centers.  The project will include a 6.7 km extension from Broadbeach South to Burleigh Heads, 8 stations, and 5 additional trams. The total funding of the project is $1.2 billion. The Bruce Highway upgrade program is one of Queensland's largest projects, aiming to improve safety and flood resilience and increase capacity along the highway between Brisbane and Cairns. The programs will include 99 new bridges, 372 km of roadside safety barriers, and 85 km of pavement rehabilitation.  

Demand for other construction equipment, such as dumpers, tippers, concrete mixers, and concrete pump trucks, is expected to surge with various infrastructure projects in the pipeline. 

Vendor Insights   

• Caterpillar, Volvo Construction Equipment, Liebherr, Hitachi Construction Machinery, Komatsu, XCMG, JCB & SANY are prominent vendors in the Australia construction equipment market.  
• Caterpillar has the strongest share in Australia’s market. Caterpillar, Volvo CE, Komatsu, &Hitachi Construction Machinery are the leaders in the Australia construction equipment market and has a strong distribution network & have a diversified product portfolio.  
• Other prominent vendors in the Australia construction equipment market include John Deere, Manitou, Kobelco, Yanmar, Kubota, Merlo Spa, Terex, Liugong, Takeuchi, GEHL, Sumitomo Construction Machinery Co., Ltd, ASV, Kanga Loaders and SDLG.  
• SANY, JCB, Liugong & XCMG are emerging strong in the market. These companies are introducing innovative products to capture construction equipment market share.  
• A few distributors/dealers in the market include CJD Equipment, Semco Equipment Sales, Conplant, Tutt Bryant, and Capital Construction Equipment.  

Market Trends & Opportunities  

Growth in the E-Commerce Industry to Boost the Development of Warehouses in Australia 

NewCold (logistics company), in Dec 2022, announced to invest USD 160.3 million to build its first warehouse in Sydney’s west. Construction is designed to take place in two phases; the 1st phase will include a frozen pallet warehouse with 80,000 pallets. 

Woolworth (supermarket chain) announced its plans to construct two new automated warehouses at Moorebank Logistics Park in Western Sydney. The warehouses are anticipated to be operational by 2024. 

Construction on Axis Alexandria Warehouse in Sydney is underway, including a two-story, multi-unit warehouse and a distribution building on 1.69 hectares of land. The project, therefore, involves the construction of nine small warehouse units, parking facilities, and loading and unloading facilities. 

Increase in Sales of Hybrid and Electric Construction Equipment to Reduce Carbon Emissions in Australia 

Volvo CE launched its new Volvo CE EC300E Hybrid Excavator in the Australia construction equipment market in Feb 2023, an environmentally friendly option offering improved fuel efficiency. The machine consumes less than 15% of the fuel and generates 15% fewer carbon emissions. Also, in March 2023, Hitachi Construction Machinery announced it would launch new wheel loaders and excavators from its popular ZW-7 and ZX-7 series in Australia. These machines are equipped with Stage-V-compliant fuel-efficient engines. The excavator engines are made up of Selective Catalytic Reduction (SCR) system, Diesel Oxidation Catalyst (DOC), and Catalysed Soot Filter (CSF). 

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Why Should You Buy this Report? 

• CAGR for the forecast period 2022-2029 
• All types of construction equipment include earthmoving, road building, and material handling. 
• Construction equipment is used in end-use industries, such as construction, mining, warehouse & transport, and other industries. 
• Volume and value within countries are based on domestic demand and supply. 
• Construction equipment rented in residential and commercial construction activities.  
• Construction equipment imported from other countries (excluding used equipment). 
• The construction equipment market includes only new equipment unless we have provided a used/lease/rental market separately. 
• All the currency conversion is in USD, unless specifically stated. 
• The volume market signifies Unit Sales and is in absolute numbers. The value market signifies US$ millions unless specifically mentioned.  
• Global and regional manufacturers have a significant presence in the region/country, and domestic manufacturers are considered for evaluations in the vendor capability matrix.  

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Post-Purchase Benefit       

• 1hr of free analyst discussion        
• 10% of customization   

Key Vendors 

• Caterpillar 
• Komatsu 
• Xuzhou Construction Machinery Group Co. Ltd. (XCMG) 
• Liebherr 
• Volvo Construction Equipment  
• Hitachi Construction Machinery 
• JCB 
• SANY 

Other Prominent Vendors 

• John Deere 
• Manitou 
• Kobelco 
• Yanmar 
• Kubota 
• MERLO Group 
• Terex Corporation 
• Liu Gong 
• Takeuchi Manufacturing 
• GEHL 
• Sumitomo Construction Machinery Co., Ltd. 
• ASV 
• Kanga Loader 
• SDLG 

Distributor Profiles 

• CJD Equipment 
• Semco Equipment Sales 
• Conplant 
• Tutt Bryant 
• Capital Construction Equipment 
• BPF Equipment 

Market Segmentation    

• Earthmoving Equipment: Excavator, Backhoe Loaders, Wheeled Loaders, Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers) 
• Road Construction Equipment: Road Rollers and Asphalt Pavers 
• Material Handling Equipment: Crane, Forklift & Telescopic Handlers, and Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts) 
• Other Construction Equipment: Dumper, Tipper, Concrete Mixture, and Concrete Pump Truck 
• End Users: Construction, Mining, Manufacturing, and Others 

For a detailed table of contents, click: https://www.arizton.com/market-reports/australia-construction-equipment-market?details=tableOfContents 

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