Construction Site Preparation Equipment Market - By Product (Walk-Behind Tillers, Handheld Trimmers, Handheld Augers) & Forecast, 2022-2028
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Construction Site Preparation Equipment Market - By Product (Walk-Behind Tillers, Handheld Trimmers, Handheld Augers) & Forecast, 2022-2028
Construction Site Preparation Equipment Market - By Product (Walk-Behind Tillers, Handheld Trimmers, Handheld Augers) & Forecast, 2022-2028
Construction Site Preparation Equipment Market Size
Construction Site Preparation Equipment Market size surpassed USD 900 million in 2021 and is expected to grow at over 6.5% CAGR between 2022 and 2028. Growing construction and infrastructure development activities across the globe are likely to drive the industry growth.
The equipment is used in site preparation that involves the upfront identification of site complications and confronting them prior to initiating any construction work, creating a positive market outlook. New innovations and increasing construction companies’ investments in equipment are enhancing the industry statistics.
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Supportive government initiatives toward infrastructure development are propelling the market demand. Governments of countries, such as India, China, and the UAE, are funding smart city projects and emphasizing on multi-level smart parking, urban mobility, market redevelopment, development of multi-modal transport hubs, solar power generation, and educational hubs.
The shifting construction companies’ focus toward machines for site preparation instead of manual method is fueling the industry revenue. Market players, such as Chicago Pneumatic and General Equipment Company, are unveiling new equipment to enrich their share. For instance, in August 2021, General Equipment Company announced the addition of 12 & 10-inch-diameter (305 and 254 mm) sizes to its 2350 Bor Max earth augers series. The product range can be utilized with the two-man operation EPIC series hole diggers range.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| Construction Site Preparation Equipment Market Size in 2021 | 900 Million (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 6.5% |
| 2028 Value Projection | 1.6 Billion (USD) |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 163 |
| Segments covered | Product |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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The key factors restricting the expansion of the construction site preparation equipment market are high capital investments for setting up manufacturing facility and high maintenance costs. Industry participants require large factories for new product testing & development, further adding to the overall property costs. The requirement for advanced manufacturing set-ups and a high working capital for this equipment are making entry barriers for new players in the sector. Additionally, the equipment’s frequent blade replacement and motor lubrication increase its maintenance cost.
The demand for construction site preparation equipment significantly declined in the first three quarters of 2020 owing to the spread of COVID-19 virus worldwide. This industry was challenged in 2020 by strict safety measures enforced by majority of governments globally. Construction site preparation equipment sale was hampered during the COVID-19 pandemic by the shutdown of sales channels and suspension of various construction projects. However, the market is predicted to witness traction from early 2022 on account of significant government investments in construction sectors to accelerate the economy growth.
Construction Site Preparation Equipment Market Analysis
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The walk-behind tillers segment is poised to register growth rate of around 6.5% through 2028. They are ideal for breaking up hard ground and transforming it into soft & loose soil to initiate construction work, supporting the market growth. They help the end-users in aeration of the soil to prevent the weeds from growing and removal of the stones.
Industry leaders are focusing on improving the performance of their walk-behind tillers to increase their customer retention rate as well as share. Companies, such as VST Tillers Tractors Ltd. and Mantis (Schiller Grounds Care, Inc.), are establishing strategic partnerships with technology providers to improve the efficiency and reduce the maintenance costs of their walk-behind tillers.
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The construction site preparation equipment market size in North America is anticipated to reach nearly USD 500 million by 2028 led by the presence of established players in the region along with their focus on new product innovations. Supportive government initiatives for economic development and industrialization at a significant pace are boosting market revenue.
The governments of the U.S. and Canada are heavily investing in development activities to improve the GDP as well as employment rate, improving the market representation. The rising expansion activities of transportation and logistics sectors are creating a significant demand. For instance, in January 2022, the Government of Canada announced a capital investment of USD 500 million for rehabilitating highways, bridges, and roads.
Construction Site Preparation Equipment Market Share
Shifting construction companies’ focus toward environment-friendly operations is encouraging various industry leaders to develop zero-emission equipment. The companies are unveiling their new innovations to attract potential business clients and to enhance their market share.
Key construction site preparation equipment market players include
- Barreto Manufacturing, Inc.
- BCS America, Inc.
- Chicago Pneumatic
- General Equipment Company
- Ground Hog, Inc,
- Honda Motor Company
- Little Beaver, Inc.
- Mantis (Schiller Grounds Care, Inc.)
- STIHL Inc
- VST Tillers Tractors Ltd.
They are investing in R&D activities to develop their portfolios for construction site preparation equipment. The players aim at securing a differentiated position in the industry by offering advanced products due to increasing competition.
This market research report on construction site preparation equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2018 to 2028 for the following segments
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Market, By Product
- Walk-Behind Tillers
- Handheld Trimmers
- Handheld Augers
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- UAE
- South Africa
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope and definitions
1.2 Methodology and forecast parameters
1.3 Region-wise COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Regional trends
1.4.1 North America
1.4.2 Europe
1.4.3 Asia Pacific
1.4.4 Latin America
1.4.5 MEA
1.5 Data sources
1.5.1 Secondary
1.5.2 Primary
1.6 Industry glossary
Chapter 2 Executive Summary
2.1 Construction site preparation equipment industry 3600 synopsis, 2018 - 2028
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Construction Site Preparation Equipment Industry Insights
3.1 Impact of COVID-19 pandemic
3.1.1 Global outlook
3.1.2 Impact by region
3.1.2.1 North America
3.1.2.2 Europe
3.1.2.3 Asia Pacific
3.1.2.4 Latin America
3.1.2.5 MEA
3.1.3 Industry value chain
3.1.3.1 Research & development
3.1.3.2 Manufacturing
3.1.3.3 Marketing
3.1.3.4 Supply
3.1.4 Competitive landscape
3.1.4.1 Strategy
3.1.4.2 Distribution network
3.1.4.3 Business growth
3.2 Industry ecosystem analysis
3.2.1 Suppliers
3.2.2 Manufacturers
3.2.3 Distribution channel analysis
3.2.4 End-use landscape
3.3 Technology & innovation landscape
3.3.1 Lithium ion battery
3.3.2 CAD/CAM software
3.4 Regulatory landscape
3.4.1 North America
3.4.1.1 Hazardous Materials Regulations (HMR)
3.4.2 Europe
3.4.2.1 Provision and Use of Work Equipment Regulations 1998 (PUWER)
3.4.2.2 Non-Road Mobile Machinery (NRMM) regulation
3.4.3 Asia Pacific
3.4.3.1 Employment & Labor Laws and Regulations
3.4.3.2 ISO 105172019
3.4.4 Latin America
3.4.4.1 Consolidated Labor Law (CLT) Brazil
3.4.4.2 ISO 88932021
3.4.5 MEA
3.4.5.1 Federal Law No. 33 of 2021
3.4.5.2 ISO 11806-22022
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Rising investments in R&D activities from manufacturers in North America
3.5.1.2 Growing number of public infrastructure development projects in Europe
3.5.1.3 Increasing investments in smart city projects in Asia Pacific
3.5.1.4 Growing urbanization in Latin America
3.5.1.5 Rise in infrastructural expansion plans from private sectors in MEA
3.5.2 Industry pitfalls and challenges
3.5.2.1 High capital investments to build manufacturing set-ups
3.5.2.2 Rising utilization of autonomous construction equipment
3.6 Growth potential analysis
3.7 Porter's analysis
3.7.1 Supplier power
3.7.2 Buyer power
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Industry rivalry
3.8 PESTLE analysis
3.8.1 Political
3.8.2 Economic
3.8.3 Social
3.8.4 Technological
3.8.5 Environmental
3.8.6 Legal
Chapter 4 Competitive Landscape, 2021
4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major players
4.3.1 BCS America, Inc.
4.3.2 Honda Motor Company, Ltd.
4.3.3 Mantis (Schiller Grounds Care Inc.)
4.3.4 STIHL, Inc.
4.3.5 VST Tillers Tractors Ltd.
4.4 Vendor adoption matrix
Chapter 5 Construction Site Preparation Equipment Market, By Product
5.1 Construction site preparation equipment market share, by product, 2021 & 2028
5.2 Walk-behind tillers
5.2.1 Market estimates & forecast, 2018 - 2028
5.3 Handheld trimmers
5.3.1 Market estimates & forecast, 2018 - 2028
5.4 Handheld augers
5.4.1 Market estimates & forecast, 2018 - 2028
Chapter 6 Construction Site Preparation Equipment Market, By Region
6.1 Construction site preparation equipment market share, by region, 2021 & 2028
6.2 North America
6.2.1 Market estimates & forecast, 2018 - 2028
6.2.2 Market estimates & forecast, by product, 2018 - 2028
6.2.3 U.S.
6.2.3.1 Market estimates & forecast, 2018 - 2028
6.2.3.2 Market estimates & forecast, by product, 2018 - 2028
6.2.4 Canada
6.2.4.1 Market estimates & forecast, 2018 - 2028
6.2.4.2 Market estimates & forecast, by product, 2018 - 2028
6.3 Europe
6.3.1 Market estimates & forecast, 2018 - 2028
6.3.2 Market estimates & forecast, by product, 2018 - 2028
6.3.3 UK
6.3.3.1 Market estimates & forecast, 2018 - 2028
6.3.3.2 Market estimates & forecast, by product, 2018 - 2028
6.3.4 Germany
6.3.4.1 Market estimates & forecast, 2018 - 2028
6.3.4.2 Market estimates & forecast, by product, 2018 - 2028
6.3.5 France
6.3.5.1 Market estimates & forecast, 2018 - 2028
6.3.5.2 Market estimates & forecast, by product, 2018 - 2028
6.3.6 Italy
6.3.6.1 Market estimates & forecast, 2018 - 2028
6.3.6.2 Market estimates & forecast, by product, 2018 - 2028
6.3.7 Russia
6.3.7.1 Market estimates & forecast, 2018 - 2028
6.3.7.2 Market estimates & forecast, by product, 2018 - 2028
6.4 Asia Pacific
6.4.1 Market estimates & forecast, 2018 - 2028
6.4.2 Market estimates & forecast, by product, 2018 - 2028
6.4.3 China
6.4.3.1 Market estimates & forecast, 2018 - 2028
6.4.3.2 Market estimates & forecast, by product, 2018 - 2028
6.4.4 India
6.4.4.1 Market estimates & forecast, 2018 - 2028
6.4.4.2 Market estimates & forecast, by product, 2018 - 2028
6.4.5 Japan
6.4.5.1 Market estimates & forecast, 2018 - 2028
6.4.5.2 Market estimates & forecast, by product, 2018 - 2028
6.4.6 South Korea
6.4.6.1 Market estimates & forecast, 2018 - 2028
6.4.6.2 Market estimates & forecast, by product, 2018 - 2028
6.5 Latin America
6.5.1 Market estimates & forecast, 2018 - 2028
6.5.2 Market estimates & forecast, by product, 2018 - 2028
6.5.3 Brazil
6.5.3.1 Market estimates & forecast, 2018 - 2028
6.5.3.2 Market estimates & forecast, by product, 2018 - 2028
6.5.4 Mexico
6.5.4.1 Market estimates & forecast, 2018 - 2028
6.5.4.2 Market estimates & forecast, by product, 2018 - 2028
6.6 MEA
6.6.1 Market estimates & forecast, 2018 - 2028
6.6.2 Market estimates & forecast, by product, 2018 - 2028
6.6.3 UAE
6.6.3.1 Market estimates & forecast, 2018 - 2028
6.6.3.2 Market estimates & forecast, by product, 2018 - 2028
6.6.4 Saudi Arabia
6.6.4.1 Market estimates & forecast, 2018 - 2028
6.6.4.2 Market estimates & forecast, by product, 2018 - 2028
6.6.5 South Africa
6.6.5.1 Market estimates & forecast, 2018 - 2028
6.6.5.2 Market estimates & forecast, by product, 2018 - 2028
Chapter 7 Company Profiles
7.1 Barreto Manufacturing, Inc.
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 SWOT Analysis
7.2 BCS America, Inc.
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 SWOT Analysis
7.3 Chicago Pneumatic
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 SWOT Analysis
7.4 General Equipment Company
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Ground Hog, Inc.
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 SWOT Analysis
7.6 Honda Motor Company
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic outlook
7.6.5 SWOT Analysis
7.7 Little Beaver, Inc.
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 SWOT Analysis
7.8 Mantis (Schiller Grounds Care, Inc.)
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 SWOT Analysis
7.9 STIHL, Inc.
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic outlook
7.9.5 SWOT Analysis
7.10 VST Tillers Tractors Ltd.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic outlook
7.10.5 SWOT Analysis