The construction equipment attachment market refers to the market for attachments and accessories used with heavy construction equipment such as excavators, loaders, backhoes, and skid steers. These attachments include buckets, grapples, hydraulic hammers, thumbs, rippers, and others. The market is expected to grow due to the increasing demand for infrastructure development and the rise in construction activities globally. The growing demand for eco-friendly construction equipment, the introduction of advanced technologies, and the increasing focus on operator safety are also driving the market’s growth.
The most recent research study on the Survey of Construction Equipment Attachment Market, released by Fact.MR, aims to provide accurate information on a number of crucial variables influencing the market’s growth trajectory and future prospects. For important parties including policymakers, end-use industries, investors, and opinion leaders, this report serves as a valuable source of information.
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Key Segments of Construction Equipment Attachment Market
Fact.MR’s study on the construction equipment attachment market offers information divided into three key segments— attachment, sales channel, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Attachment
- Skid Steer Loaders
- Buckets
- Augers
- Grapples
- Hammers
- Dozer Blades
- Snow Pushers
- Snow Blades
- Pallet Forks
- Breakers
- Sweepers
- Quick Couplers
- Planers
- Backhoes
- Graders
- Compact Track Loaders
- Buckets
- Augers
- Grapples
- Hammers
- Dozer Blades
- Snow Pushers
- Snow Blades
- Pallet Forks
- Breakers
- Sweepers
- Quick Couplers
- Planers
- Backhoes
- Graders
- Mini Excavators
- Buckets
- Augers
- Grapples
- Breakers
- Rippers
- Pallet Forks
- Quick Couplers
- Telescopic Handlers
- Buckets
- Augers
- Grapples
- Pallet Forks
- Sweepers
- Snow Pushers
- Snow Blades
- Trenchers
- Dozer Blade
- Quick Couplers
Sales Channel
- OEMs
- Aftermarket
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Key Takeaways from Construction Equipment Attachment Market Study
- Under the impact of COVID-19, the global construction equipment attachment market is expected to reach a market valuation of US$ 5.8 Bn by the end of 2020, and is anticipated to surpass a valuation of US$ 6.7 Bn by the end of 2030.
- The skid steer loader buckets segment is foreseen to grow 1.5X by 2030. On the other hand, telehandler attachments will account for 21% market share of all telescopic handler attachments during the forecast period.
- Attachments for telescopic handlers are projected to create an absolute $ opportunity of US$ 430 Mn from 2020 and 2030.
- By sales channel, aftermarket sales are estimated to account for 42% of the total sales in 2020, and are anticipated to create an absolute $ opportunity of more than US$ 1.Bn during the forecast period.
- By region, Asia is expected to emerge as the most lucrative region in the global construction equipment attachment market, and is projected to surpass a market valuation of US$ 2.3 Bn by the end of 2030.
Industry Players Focusing on Product Launches to Stimulate Growth
Key players in the construction equipment attachment market are Caterpillar Inc., Komatsu Ltd., Doosan Corporation, Volvo Construction Equipment, Kubota Corporation, CNH Industrial N.V, Hitachi Construction Machinery, Wacker Neuson SE, Paladin Attachments, and others. Prominent manufacturers are focusing on acquisitions and partnerships in order to broaden their customer base and gain a competitive edge over other players.
For instance,
- Paladin Attachments introduced a latest model in collection sweepers from Sweepster, the SB215.
- In 2018, John Deere and Wacker Neuson joined forces in a bid to increase excavator sales in the Asia Pacific region. The agreement was to boost sales of mini and compact excavators in key growth markets, particularly China, Australia, and other countries in Southeast Asia, which is further foreseen to reinforce the demand for construction equipment attachments in the region.
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Report Benefits & Key Questions Answered
- Construction Equipment Attachment Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Construction Equipment Attachment Market Historical volume analysis: The report provides a comparison of Construction Equipment Attachment Market historical sales and projected sales performance for 2021-2031.
- Construction Equipment Attachment Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Construction Equipment Attachment Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Construction Equipment Attachment Market Consumption by demographics: The report investigates consumer behavior affecting Construction Equipment Attachment Market demand outlook for the assessment period. Effect of their keenness for digital trends on Construction Equipment Attachment Market is carefully analyzed
- Post COVID consumer spending on Construction Equipment Attachment Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Construction Equipment Attachment Market growth.
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