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2024

Construction Machinery Attachment Market

Construction Machinery Attachment Market Size, Share, Competitive Landscape and Trend Analysis Report by Attachment Type, by Application, by Sales Channel, by End-use Industry : Global Opportunity Analysis and Industry Forecast, 2022-2031

CM : Engineering, Equipment and Machinery

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Author's: Supriya Bhosale| Siddharth Pagariya | Surya Sanka
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Construction Machinery Attachment Market Research, 2031

The global construction machinery attachment market was valued at $5.9 billion in 2021, and is projected to reach $9.5 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Construction machinery attachment refers to different attachments that are used for construction and mining operations. Some of the widely used construction machinery attachment include forklift, earth drill/auger, dozer blade, quick coupler, standard loader bucket, pole erector, loader coal bucket, ripper tooth, and others. Construction machinery attachments find range of applications across civil engineering, landscaping, demolition, gardening, forestry, timber industry, recycling & waste management, and others. These attachments are combined with various machines such as telescopic loader, skid steer loader, wheel loader, crawler excavator, and other construction machineries. These factors are anticipated to boost the construction machinery attachment market size during the forecast period.

Construction Machinery Attachment Market

Growing construction, landscaping, demolition, and mining activities across the world is estimated to have a positive impact on the construction machinery attachment market outlook. The construction machinery attachments market demand is driven by the crucial role played by these machineries in facilitating efficient & safer operations combined with durability and reliable technologies. Additionally, the individualized specifications of these machines, boost the customer profitability in the highly profitable construction competitive market. For instance, short reach front machine is used for underground construction & demolition works. The short reach front machine can be used in any working environment that offers unrivalled power, safety, and productivity. Telescopic arm is designed for its use in excavation extension, deep excavation, and pull-up. These machines offer safe, productive, and fuel efficient deep excavation. Material handling machine is another popular construction machinery attachment, that can work under tough working environment with increasing productivity, less jerking, fuel efficiency, maintainability, and safety. These aspects are anticipated to boost the construction machiney attachment market during the forecast period.

The construction machinery attachments are expensive to maintain, buy, and repair. These machines are costly, difficult to operate, and set up. Also, the pollution caused by the use of these machines increases the waste, augmenting power & oil use.

Construction machinery attachment market opportunity is driven by several advantages offered by these machines. Construction machinery attachment boosts output by lowering the overall construction costs for large projects. As the construction activities cannot be completed manually, the construction machinery attachments are most effective and quick. The use of these attachments in the construction sector, eliminates the work of manual labor thereby reducing a variety of additional tasks & health concerns. Also, these attachments help in maintaining high-quality standards and design specifications demanded by the construction sector. Furthermore, rapid growth in construction equipment industry has direcrly boosted the sales of construction equipment attachment market in the recent years. The ongoing infrastructural developments such as construction of roads, highways, residential & commercial buildings is estimated to propel the construction machinery attachment market growth in the coming years. Some of the popular construction projects in Middle East include Mirror Line Skyscraper Project of Saudi Arabia, North Field Expansion Project of Qatar, Electrical Interconnection Project of Saudi Electricity Company, and others.These aspects are anticipated to propel the construction machinery attachment market growth.

The key players profiled in this report include top companies for construction machinery attachment such as Caterpillar Inc., Komatsu Ltd., John Deere, JCB, Doosan Corporation, Liebherr, Hyundai Construction Equipment Co., Ltd., Volvo Construction Equipment AB, Sany, and Bobcat Company.

The construction machinery attachment market is segmented on the basis of attachment type, application, sales channel, end-use industry, and region. By attachment type, the market is divided into excavator buckets, grapples, quick couplers, concrete pulverizers, rakes, forks, and others; by application, the market is segmented into earthmoving, landscaping, roadwork, demolition, and miscellaneous; by sales channel the market is classified into OEM and aftermarket; by end-use industry the market is divided into construction, mining, trenching, solid waste management, agricultural farm’s application, and by region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The construction machinery attachment market is segmented into Attachment Type, Application, Sales Channel and End-use Industry.

Construction Machinery Attachment Market by Attachment Type

By attachment type, the excavator buckets dominated the market in 2021 and it is projected to grow at the fastest rate during the forecast period. The excavator buckets are widely used for the purpose of digging, grading, backfilling, ditching, and others. These excavator buckets are available in different forms such as digging excavator bucket, clean-up excavator bucket, rock excavator bucket, skeleton excavator bucket, V bucket, hard-pan excavator buckets, and others. All these buckets are used for digging hard soil as well as hard rocks. The growing application of excavator buckets in mining sector for loading unloading, boulders moving, digging, solid waste management, and others is increasing rapidly. These factors are anticipated to boost the excavator buckets market size in the upcoming years.

Construction Machinery Attachment Market by Application

By application, the earthmoving segment dominated the global construction machinery attachment market in 2021. The construction machinery attachment aids in performing wide range of earthmoving operations such as heavy lifting, excavation, landscaping, grading, dredging, and more. The construction machinery attachments offers increased productivity at the construction site by accelerating the pace of infrastructure development. Also, rapid developments in construction activities across the globe, owing to rapid urbanization, growing residential & commercial activities have boosted the demand for earthmoving construction machinery attachments. Also, post-pandemic mining activities are back on track which have led to an increased in demand for earthmoving equipments.

Construction Machinery Attachment Market by Sales Channel

By sales channel, the aftermarket segment dominated the global construction machinery attachment market in 2021. The growth of the aftermarket segment is majorly attributed to an increase in the number of third-party suppliers. Also, growing consumer preferences for the outsourcing of construction machinery attachments have led to a positive impact on the aftermarket segment. Also, technological breakthroughs and urban development activities have boosted construction machinery aftermarket sales in recent years.

Construction Machinery Attachment Market by End-use Industry

By end-use industry, the construction segment dominated the global construction machinery attachment market share in 2021. The construction sector is one of the largest revenue-generating industries that employ millions of people across the world. The construction machinery attachments find application in the large number of construction projects including commercial, leisure, industrial, energy & utilities, residential, institutional, and infrastructure. The construction industry comprises of real estate as well as urban development that includes the construction of hotels, offices, parks, and others. All these construction activities demand for efficient and reliable construction machinery and attachments to ensure smooth operations. Due to this, the market for construction machinery attachment is growing at a significant pace.

Construction Machinery Attachment Market by Region

By region, Asia-Pacific dominated the global market in 2021 and is anticipated to grow at a significant rate during the forecast period. The growth of this region can be attributed to growing construction activities in countries namely India, China, Malaysia, Japan, and others. For instance, in India, the development of smart cities to enhance the quality of life via modern technologies and ongoing construction activities in the residential & commercial sectors is projected to boost the demand for construction machinery attachments. Also, the Swachh Bharat Mission led by the Prime Minister of India, has led to significant investment opportunities in solid waste management, wastewater management, and construction of toilets. The growth in residential construction activities in India, as 40% of the population is estimated to live in urban India by 2030, is further driving the demand for the construction machinery attachment market.

Impact of COVID-19 on the Global Construction Machinery Attachment Industry

  • The complete shutdown of construction activities, delay or postponements in construction projects, social distancing norms, and shortage of labor have led to a halt of construction activities which have directly affected the construction machinery attachment market demand
  • Furthermore, the construction equipment manufacturers have halted their manufacturing activities owing to the closure of manufacturing & production plants due to a disrupted supply chain. The import-export restrictions restriction, financial recession across several countries have negatively impacted the demand for construction machinery attachment during the pandemic
  • All the regions including North America and Europe have experienced a steep decline in the sales of construction machinery attachments owing to a halt in non-essential construction and mining activities
  • Additionally, government authorities across several countries have diverted their construction budget to strengthen the healthcare sector during the pandemic. These have led to decline in overall construction sector including the construction equipment and attachment sales

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction machinery attachment market analysis from 2021 to 2031 to identify the prevailing construction machinery attachment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the construction machinery attachment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global construction machinery attachment market trends, key players, market segments, application areas, and market growth strategies.

Construction Machinery Attachment Market Report Highlights

Aspects Details
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Market Size By 2031

USD 9.5 billion

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Growth Rate

CAGR of 4.8%

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Forecast period

2021 - 2031

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Report Pages

310

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By Attachment Type
  • Excavator Buckets
  • Grapples
  • Quick Couplers
  • Concrete Pulverizers
  • Rakes
  • Forks
  • Others
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By Application
  • Earthmoving
  • Landscaping
  • Roadwork
  • Demolition
  • Miscellaneous
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By Sales Channel
  • OEM
  • Aftermarket
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By End-use Industry
  • Solid Waste Management
  • Agricultural Farm's Application
  • Construction
  • Mining
  • Trenching
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Bobcat Company, John Deere, JCB, Volvo Construction Equipment AB, Liebherr, Sany, Hyundai Construction Equipment Co., Ltd., Doosan Corporation, Komatsu Ltd., Caterpillar Inc.

Analyst Review

The demand for construction machinery attachment is rising across the world owing to rise in construction & mining activities. Rapid urbanization owing to development of smart cities, mega projects, and infrastructure development activities is anticipated to boost the construction machinery attachment market size in the upcoming years.  Some of the widely used construction machinery attachments include crawler excavators, motor graders, backhoe laoders, wheeled laoders, skid steer loaders, and others. For instance, backhoe loaders such as track loader or skid steer loader can be used for moving materials or digging including utility trenching and concrete footings. Grapple buckets are vital construction machinery attachments that are widely used in landscaping and demolition activities. The construction machinery attachments facilitate timely completion of construction projects, as these machines facilitates smooth operations with cutting edge technologies. However, these attachments requires timely maintenance to avoid any workplace hazards. This factor is anticipated to restrain the market growth during the analysis timeframe. The wide range of applications of construction machinery attachment in road repair, farming, landscaping, demolition, scrapyards, restoration work, shipping warehouses, manufacturing plants, and forestry is anticipated to generate excellent growth opportunities.

Among the analyzed regions, Asia-Pacific  is expected to account for the highest revenue share in the market in 2021, followed by North America, Europe, and LAMEA. Rapid growth in infrastructure projects across several countries namely India, China, Japan, and others is projected to boost the Asia-Pacific construction machinery market growth. Increasing infrastructure projects in India is expected to drive the overall construction market. Government in the country has launched many construction projects. For instance, in between 2015 and 2035, The Sagarmala Project, an initiative by the government of India to provide boost the logistics sector. This initiative was launched on 31 July 2015. The Sagarmala Program has implemented more than 610 projects (costing INR 7.78 crores) in the fields of port modernization and new port development, port-linked industry, and coastal community development, port connectivity enhancement.

Author Name(s) : Supriya Bhosale| Siddharth Pagariya | Surya Sanka
Frequently Asked Questions?

Rapid growth in construction, mining, and landscaping across the world post-pandemic is anticipated to generate excellent growth opportunities in the market. The use of construction machinery attachment facilitates safer, quick, and reliable operations in the construction, mining, trenching operations that reduce the human efforts. These factors are anticipated to drive the market growth during the projected timeframe.

The earthmoving segment of the application acquired the maximum share of the global construction machinery attachment market in 2021.

The growing application of construction machinery attachment in road repair, construction, demolition, landscaping, restoration work, manufacturing plants, forestry, and others to drive the market growth.

Asia-Pacific will provide more business opportunities for the global construction machinery attachment market in the future.

Caterpillar Inc., Komatsu Ltd., and John Deere are the major players in the construction machinery attachment market.

The major growth strategies adopted by construction machinery attachment market players include partnership, acquisition, and business expansion.

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global construction machinery attachment market from 2022 to 2031 to determine the prevailing opportunities.

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Construction Machinery Attachment Market

Global Opportunity Analysis and Industry Forecast, 2022-2031