Home > Construction > Construction Equipment > Construction Equipment Attachments Market

Construction Equipment Attachments Market Trends

Report ID: GMI6250
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Construction Equipment Attachments MarketTrends

The ongoing trend of urbanization leads to increased construction activities, including residential and commercial building projects. Construction equipment attachments play a vital role in tasks like digging foundations, lifting heavy materials, and clearing debris, supporting the development of urban areas. In addition, urbanization often results in a demand for high-rise buildings and skyscrapers. Construction equipment attachments, such as tower crane attachments, are essential for lifting and maneuvering heavy materials to construct tall structures efficiently. Urbanization drives an overall growth in the construction equipment industry, leading to an increased demand for construction machinery and attachments. As cities expand and modernize, the construction equipment attachments market will grow.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction equipment attachments was valued at USD 6 billion in 2022 and is estimated to register more than 4% CAGR from 2023 to 2032 driven by the surging need to provide versatility and adaptability in a wide range of construction activities.

The aftermarket sales channel segment held 55% of the construction equipment attachments sales market share in 2022 and is poised to expand by 2032 owing to the rising need for wide range of replacement parts, including wear parts like bucket teeth and cutting edges.

Asia Pacific recorded over 30% of the global construction equipment attachments sales market share in 2022 led by the rising need for infrastructure development, including roads, bridges, buildings, and utilities.

Caterpillar Inc., John Deere, Kubota Corporation, Liebherr Group, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., and Sany Group are some of the main construction equipment attachments sales industry players.