CHICAGO, May 17, 2023 /PRNewswire/ -- According to Arizton's latest research report, the Australia construction equipment market will grow at a CAGR of 3.80% during 2022-2029.
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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 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.
Australia Construction Equipment Market Report Scope
Report Attributes | Details |
Market Size (2029) | 18,180 Units |
Market Size (2022) | 14,006 Units |
CAGR (2022-2029) | 3.80 % |
Historic Year | 2020-2021 |
Base Year | 2022 |
Forecast Year | 2023-2029 |
Type | Earthmoving Equipment, Road Construction Equipment, Material Handling Equipment, and Other Construction Equipment |
End-Users | Construction, Mining, Manufacturing, and Others |
Market Dynamics |
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Government's Infrastructure Investment Program to Propel Sales of Construction Equipment
The country has a robust pipeline of public-sector-funded projects. The budget for 2022-2023 announced a USD 12.0 billion investment over ten years in critical infrastructure projects across the country, such as roads and rail. Furthermore, the government promised to invest more than USD 146 billion between 2021 and 2025. Furthermore, the country's largest infrastructure projects include WestConnex (worth USD 11.3 billion), Sydney Metro (worth USD 12 billion), and Melbourne Metro Tunnel (worth USD 11 billion). Furthermore, the South Australian government has pledged to invest USD 18.6 billion in new and upgraded infrastructure.
Increased Investment in Renewable Energy Projects to Boost the Demand for Material Handling Equipment
The country's Powering Australia plan prioritizes projects that reduce emissions by increasing renewable energy. Furthermore, the Community Solar Banks program is expected to provide approximately USD 68.9 million, which will assist Australian households in accessing low-cost solar energy. Furthermore, the government has invested over USD 4.1 billion in renewable energy generation and storage. South Australia has attracted approximately USD 4 billion in foreign investment for power generation projects such as wind, solar PV, solar thermal, batteries, pumped hydro, compressed air, and thermal storage.
Increase in Sales of Hybrid and Electric Construction Equipment to Reduce Carbon Emissions in the Country
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).
Integration Of Telematics System in The Construction Equipment Enabling Optimum Performance
CareTrack offers its customers solutions to manage their equipment efficiently, delivering optimum performance. CareTrack also helps operators to use their machines efficiently by optimizing time and fuel consumption. In 2022, Komatsu acquired Australian Telematics Company 'Mine Site Technologies,' a provider of operational optimization platforms for underground mining. Komatsu aims to improve technological solutions, including the automation and teleoperation of mining equipment.
Construction Equipment Manufacturers Launching Smart Construction Solutions for Optimized Performance
Komatsu introduced the '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 the 'Smart Construction Drone,' which allows the collection 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 ground level and be used to pre-verify the job site.
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.
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Key Vendors
- Caterpillar
- Komatsu
- Xuzhou Construction Machinery Group Co. Ltd. (XCMG)
- Liebherr
- Volvo Construction Equipment
- Hitachi Construction Machinery
- JCB
- SANY
- 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
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
Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
Market Coverage
Report Scope
Market at a Glance
5.1 Market Snapshot
Section 6- Executive Summary
Section 7- Market Landscape
7.1 PESTLE Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamics
7.5 Import & Export Analysis
7.6 Supply Chain Analysis
Section 8- Segmentation
8.1 By Equipment Type
8.1.1 Equipment Definition (Earthmoving)
8.1.1.1 Earthmoving Equipment (Volume & Value)
8.1.1.2 Excavators
8.1.1.3 Backhoe Loaders
8.1.1.4 Wheeled Loaders
8.1.1.5 Other Earthmoving Equipment
(Other Loaders, Bulldozers, Trenchers, etc.)
8.1.2 Equipment Definition (Road Construction)
8.1.2.1 Road Construction (Volume & Value)
8.1.2.2 Road Rollers
8.1.2.3 Asphalt Pavers
8.1.3 Equipment Definition (Material Handling)
8.1.3.1 Material Handling Equipment (Volume & Value)
8.1.3.2 Cranes
8.1.3.3 Forklifts & Telehandlers
8.1.3.4 Aerial Platforms
8.1.4 Equipment Definition (Other Equipment)
8.1.4.1 Other Equipment (Volume & Value)
8.1.4.2 Dumpers
8.1.4.3 Tippers
8.1.4.4 Concrete Mixtures
8.1.4.5 Concrete Pump Trucks
8.2 By End-users
8.2.1 End-user Definition
8.2.2 Construction
8.2.3 Manufacturing
8.2.4 Mining
8.2.5 Others (Waste Management, Agriculture, Oil & Gas Extraction, Utilities & Energy, Power Generation, Disaster Management and Water Management)
Section 9- Geographical Analysis
Section 10- Technological Development
Section 11- Competitive Landscape
11.1 Competitive Landscape Overview
11.2 Vendors (Caterpillar | Volvo Construction Equipment| Komatsu | Hitachi Construction Machinery | Liebherr | JCB| Kobelco| Kubota| Manitou |Yanmar |SANY| XCMG| Liugong| John Deere| TEREX| Takeuchi |Merlo Spa| Kanga Loaders| SDLG| ASV| Sumitomo| GEHL)
11.3 Other Prominent Vendors
11.4 Distributor Company Profiles
Section 12- Report Summary
12.1 Key Insights
12.2 Abbreviation
12.3 Exhibits
12.4 Related Report
12.5 Database
12.6 Global Reach
12.7 Offerings
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