The Australia construction equipment market size reached USD 1.87 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.41 Billion by 2032, exhibiting a growth rate (CAGR) of 2.60% during 2024-2032. The booming infrastructure projects, rising real estate development, expanding mining activities, increasing government spending, rapid urbanization, technological advancements, surging demand for eco-friendly machinery, and population growth in urban areas are some of the factors favoring the market growth.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | USD 1.87 Billion |
Market Forecast in 2032 | USD 2.41 Billion |
Market Growth Rate 2024-2032 | 2.60% |
Booming Construction Industry and Infrastructure Projects
The construction industry in Australia is witnessing massive growth, which is one of the key factors fueling the market growth. This can be attributed to the rapid urbanization and government programs, such as National Infrastructure program, which are focused on large infrastructure projects, including highways and bridges, among others. This has further surged the demand for robust construction equipment to life heavy goods and logistics. Moreover, the propulsion of urban development and commercial expansion, especially in Sydney, Melbourne, and Brisbane, have escalated the demand for more reliant machinery, which is creating a positive outlook for the market.
Real Estate Developmental
A rapidly growing real estate sector, including both commercial and residential properties, in Australia is significantly upsurging the demand for construction equipment. In line with this, the rapidly urbanizing population and a robust housing market is further creating a greater predominance for apartments, complexes, and high-rise buildings in metropolitan areas, which is facilitating the market growth. Additionally, the large-scale commercial projects like office spaces and shopping centers are propelling the product demand, further providing a considerable thrust to the market growth.
Mining Sector Expansion
The strong mining sector in Australia is fueling the construction equipment market. The country is also one of the world’s largest producers of iron ore, coal, and gold, which delivers a comprehensive mining operation in Australia. This has further surged requirement to equipment such as bulldozers, dump trucks (tipping cars), and front loaders for excavating and carrying raw materials. Moreover, the ongoing demand for new and used construction equipment and the burgeoning mining projects across regions, especially Western Australia and Queensland, are supporting the market growth. Besides, advancements in technology like the automation in mining activities, encourages companies to allocate capital on state-of-the-art machinery capable of performing higher volume and scale operations, which is further facilitating the market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on solution type, equipment type, type, application, and industry.
Solution Type Insights:
The report has provided a detailed breakup and analysis of the market based on the solution type. This includes products and services.
Equipment Type Insights:
A detailed breakup and analysis of the market based on the equipment type have also been provided in the report. This includes heavy construction equipment and compact construction equipment.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes loader, cranes, forklift, excavator, dozers, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes excavation and mining, lifting and material handling, earth moving, transportation, and others.
Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the industry. This includes oil and gas, construction and infrastructure, manufacturing, mining, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | USD Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Solution Types Covered | Products, Services |
Equipment Types Covered | Heavy Construction Equipment, Compact Construction Equipment |
Types Covered | Loader, Cranes, Forklift, Excavator, Dozers, Others |
Applications Covered | Excavation and Mining, Lifting and Material Handling, Earth Moving, Transportation, Others |
Industries Covered | Oil and Gas, Construction and Infrastructure, Manufacturing, Mining, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |