Covering the Australian construction machinery market share, the report is divided into two categories: machinery type (hydraulic excavators, wheel loaders, crawler trucks, dump trucks and motor graders) and application type (material handling, earth moving and transportation). For each of the aforementioned segments, the report provides market size and forecasts for the Australian construction machinery market in value (in USD). According to industry studies, the Australian construction machinery market may be found at
The size of the Australian construction machinery market is projected to be USD 2.79 billion in 2024 and USD 3.29 billion in 2029, with a compound annual growth rate (CAGR) of 3.35% from 2024 to 2029.There will likely be a boom in construction activities due to Australia’s growing urbanisation and expansion, as well as the government’s increased focus on improving the country’s current infrastructure. This will increase demand for equipment such as excavators, loaders, cranes, dump trucks, and more. Therefore, it is projected that the country’s growing infrastructure development activities will raise demand for material handling and earthmoving equipment, propelling the construction equipment market’s expansion. Furthermore, the nation’s growing building activity is a result of the government’s increased investment in modernising the current infrastructure.
The Australian government pledged to achieve net zero by 2050 and declared in 2022 that it will invest USD 16.7 billion in clean energy. The goal of the Powering Australia strategy is to create initiatives that increase renewable energy sources and lower emissions. Australia authorised funds totalling USD 34 million in 2022 to support the development of six significant initiatives aimed at advancing the vital natural resource sector.
The market for construction equipment is seeing growth due to the rise in construction activity. In such a positive climate, major market participants are anticipated to invest throughout Australia. It is also anticipated that private construction projects and a number of Australian states will employ more machines. Over the course of the forecast period, these factors are anticipated to propel market expansion.
Major corporations like Komatsu Ltd., Caterpillar Inc., John Deere & Co., XCMG Group, and Hitachi Construction Machinery Co. Ltd. dominate the moderately consolidated Australian construction equipment industry. To increase their clientele, the market’s leading companies are concentrating on expanding their product lines. Through partnerships, mergers, and acquisitions, some other major businesses hope to increase their market share. For example, a new line of H-Series wheel loaders was introduced to the Australian market in September 2023 by Shandong Lingong Construction Machinery Co. Ltd., a Chinese producer of construction equipment.
ARX Construction and Mining Equipment selected EXCON 2022 to introduce the Blast Hole Drill Rig D3300 and motor graders G3200 and G1000 in June 2022. The company’s export destinations will include South Africa, Australia, Chile, and Indonesia.
At this year’s Bauma, Doosan debuted its new 44-articulated dump truck (ADT) in September 2022. The 40-ton class of rigid dump trucks (RDTs) is the target market for the DA45-7 ADT 44. According to industry studies, the Australian construction machinery market may be found at
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