The Sale of Construction Equipment in Australian market to reach 33,077 Units by 2029 – Arizton

According to Arizton’s latest research report, the Australia construction equipment market will grow at a CAGR of 4.62% during 2022-2029.  

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The government is investing in infrastructure development projects, including expanding airports, railway lines, roadways, and highways across the country. In addition, the Australian government, in its 2022 budget, allocated USD 9.6 billion for the development of key infrastructure projects. These investments by the government are expected to boost the sales of earthmoving construction equipment over the forecast period. A surge in infrastructure development projects is expected to drive the Australia construction equipment market during the forecast period. 

Market Trends 

• Komatsu introduced Smart Construction Field, which allows contractors to analyze data instantly and find cost-effective ways to manage and resource projects. Komatsu joined hands with Moovila (software provider) to develop a smart construction field (a mobile app). The technology aims to permit contractors to record job site activity and analyze operational efficiencies in real-time.  
• The company also launched a Smart Construction Drone that allows the collect of visual topography on the job site. This drone technology captures quantities for production tracking and billing, eliminating the manual survey. This drone solution can take photos up to 400 feet above the ground level and can be used for pre-verification of the jobsite.  
• Develon has designed its products with a regenerative transmission system (eDrive), an advanced swing system (eSwing), and eWorking systems, which will ensure maximum efficiency with zero emissions. 
• In the Bauma Festival 2022, Bobcat showcased one of the unique solutions where its wheeled skid steer loaders can be converted into a quad track loader by removing the wheels, adding an oscillation bar to limit total oscillation, and attaching track pods to the existing axles. 

Our Report Includes: 

• Impact of COVID-19 
• CAGR for the forecast period 2023-2029 
• All construction equipment types include earthmoving, road building, and material handling. 
• End-users use construction equipment, such as construction, mining, warehouse & transport, and other industries. 
• Volume and Value within countries are based on domestic demand and supply. 
• 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 currency conversions are in USD unless specifically stated. 
• Volume market signifies Unit Sales and is in absolute numbers. 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.  
• Companies’ functional capabilities, such as regional revenue, segment revenue, distribution status, mergers & acquisitions, brand positioning, and operational capabilities, such as product launches, production capacity, technology adoption, and promotional strategies, were collected through secondary research and mapped in four quadrants to position them as the front runner, straggler, emerger, and nicher. 

Australia Construction Equipment Market Dynamics 

Drivers 

• Government investments in public infrastructure projects 
• Increased investment in renewable energy projects 
• Investment in transport infrastructure 

Trends 

• Increase in sales of hybrid & electric construction equipment 
• Integration of telematics systems 
• Launch of smart construction solutions 
• Mining sector to drive the demand for construction equipment 

Challenges 

• Skilled labor shortage in the country 
• Rising interest rates 
• Scarcity of industrial space 

Opportunities 

• Increasing investments to achieve net-zero emissions 
• Significant investments in R&D 
• Incorporation of smart technology 

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Key Vendors 

• Caterpillar 
• Komatsu 
• Xuzhou Construction Machinery Group Co. Ltd. (XCMG) 
• Liebherr 
• Volvo Construction Equipment 
• Hitachi Construction Machinery 
• JCB 
• SANY 
• CNH Industrial 
• John Deere 
• Manitou 
• Kobelco 
• Yanmar 
• Kubota 
• MERLO Group 
• Bobcat 
• Terex Corporation 
• Liu Gong 
• Takeuchi Manufacturing 
• GEHL 
• Sumitomo Construction Machinery Co., Ltd. 
• ASV 
• Kanga Loader 
• SDLG 
• HYSOON AUSTRALIA PTY LTD. 
• Yuchai 
• Task Forklift 
• Hangcha Group 
• Maximal 
• Toyota Material Handling 
• Haulotte 
• Faresin Industries Spa 
• Ditch Witch 

Distributor Profiles 

• CJD Equipment 
• Semco Equipment Sales 
• Conplant 
• Tutt Bryant 
• Capital Construction Equipment 
• BPF Equipment 
• CEA 
• Forklifts Australia 
• Hitachi Construction Machinery Pty Ltd 

Market Segmentation  

Type 

• Earthmoving Equipment 
• Excavator 
• Backhoe Loaders 
• Wheeled Loaders 
• Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers) 
• Road Construction Equipment 
• Road Rollers 
• Asphalt Pavers 
• Material Handling Equipment 
• Crane 
• Forklift & Telescopic Handlers 
• Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts) 
• Other Construction Equipment 
• Dumper 
• Tipper 
• Concrete Mixer 
• Concrete Pump Truck 
• End Users 
• Construction 
• Mining 
• Manufacturing 
• Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management)  

Key Questions Answered in the Report: 

How big is the Australia construction equipment market? 

What is the growth rate of the Australia construction equipment market? 

Who are the key players in the Australia construction equipment market? 

What are the trends in the Australia construction equipment market? 

Which are the major distributor companies in the Australia construction equipment market? 

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Get the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/australia-construction-equipment-market?details=tableOfContents 

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