The Sale of Compact Construction Equipment in Australia Market to Reach 20,646 Units by 2029 – Arizton

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The Sale of Compact Construction Equipment in Australia Market to Reach 20,646 Units by 2029 – Arizton

November 23
21:05 2023
The Sale of Compact Construction Equipment in Australia Market to Reach 20,646 Units by 2029 - Arizton
Australia Compact Construction Equipment Market Research Report by Arizton
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029

Arizton publishes the latest research report on Australia compact construction equipment market – strategic assessment & forecast 2023-2029. The market is growing at a CAGR of 5.09% during 2022-2029.  

To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4045 

Market Trends & Drivers 

Growth in the E-Commerce Industry Prompts the Investment in Warehouse Expansion Projects 

  • Australia is one of the world’s largest e-commerce markets; e-commerce spending reached $50.2 billion in 2022, a 13% increase compared to 2021.  
  • NewCold logistics company, in December 2022, announced to invest $160.3 million to build its first warehouse in Sydney’s west. The construction is designed to take place in two phases. The first phase will include a frozen pallet warehouse with 80,000 pallets.  In the second phase, warehouses will be constructed in Marsden Park Industrial in New South Wales. 
  • Woolworth (supermarket chain) announced its plans to construct two new automated warehouses at Moorebank Logistics Park in Western Sydney. The warehouses are anticipated to be operational by 2024.  
  • Construction on Axis Alexandria Warehouse in Sydney is underway, including the construction of a two-story, multi-unit warehouse and a distribution building on 1.69 hectares of land. The project, therefore, involves the construction of nine small warehouse units, parking facilities, and loading and unloading facilities.  
  • Demand for construction equipment used in warehouses, logistics, and distribution centers, such as forklifts, telehandlers, and scissor aerial platforms, is expected to rise in the upcoming years.  

Rise in Sales of Hybrid and Electric Compact Equipment 

  • Australia’s Long-Term Emissions Reduction Plan aims to achieve net-zero emissions by 2050. Construction equipment manufacturers and companies increasingly know the government’s environmental regulations.  
  • In Australia, Volvo CE launched its new Volvo CE EC300E Hybrid Excavator in February 2023, an environmentally friendly option with improved fuel efficiency. The machine consumes less than 15% fuel and generates 15% less carbon emissions. 
  • In March 2023, Hitachi Construction Machinery announced that it would launch new wheel loaders and excavators from Australia’s popular ZW-7 and ZX-7 series. These machines are equipped with Stage V-compliant fuel-efficient engines. The excavator engines are made up of a Selective Catalytic Reduction (SCR) system, Diesel Oxidation Catalyst (DOC), and Catalyzed Soot Filter (CSF). 
  • Demand for hybrid and electric compact construction equipment is expected to rise during the forecast period in response to the strict government regulations. 

Vendor Insights  

  • Caterpillar, Komatsu, Kubota, Hitachi Construction Machinery, and Volvo Construction Equipment are leaders in the Australia compact construction equipment market. These companies have a substantial market share and offer diverse sets of equipment. 
  • Manitou, Maximal, Kanga Loaders, Toyota Material Handling, Bobcat, CNH Industrials, & Mecalac are niche players in the Australia compact construction equipment market. These companies offer low product diversification and have a strong presence in the Australian local market. 
  • XCMG, Hyundai Construction Equipment, Takeuchi, SANY, Yanmar, JCB, Kobelco, John Deere, & LiuGong are emerging in the Australia compact construction equipment market. 
  • The emerging players are introducing new technologically advanced products to challenge the market share of market leaders in the Australian market. 
  • Hangcha, Task Forklift, and Yuchai have low product diversification; these companies are lagging in adopting modern technologies used in compact construction equipment in the region. 

Australia Compact Construction Equipment Market Dynamics 

Drivers 

Surge in Government Investment for Upgrading Infrastructure  

Growth in the E-commerce Industry Prompts the Investment in Warehouse Expansion Projects 

 Investments for the Development of Transport Infrastructure that Drive the Sale of Compact Equipment 

Trends 

Rise in Sales of Hybrid and Electric Compact Equipment 

Incorporation of Telematics System in Compact Equipment for Optimum Performance  

OEMs Launching Smart Construction Solutions for Optimized Performance 

Challenges 

Shortage of Labor Force Hampering Construction Projects 

Surge in Housing Construction Cost Negatively Impact Housing Projects 

Scarcity of Industrial Space May Hamper the Pace of Warehouse Development Projects  

Opportunities 

Water Management Projects 

Incorporation of Digital Technology 

Investment in lithium mining 

Vendors  

Prominent Vendors 

  • Caterpillar 
  • Komatsu 
  • Xuzhou Construction Machinery Group Co. Ltd. (XCMG) 
  • Volvo Construction Equipment 
  • Hitachi Construction Machinery 
  • JCB 
  • SANY 
  • Kobelco 
  • Hyundai Construction Equipment 
  • Kubota 
  • Bobcat 

Other Prominent Vendors 

  • John Deere 
  • Yanmar 
  • LiuGong 
  • Takeuchi 
  • Toyota Material Handling 
  • Manitou 
  • CNH Industrial 
  • Mecalac 
  • Kanga Loaders 
  • HYSOON AUSTRALIA PTY LTD. 
  • Yuchai 
  • Task Forklift 
  • Hangcha 
  • Maximal 
  • Ditch Witch 
  • Haulotte Group 
  • Faresin 

Distributor Profiles 

  • CJD Equipment 
  • Semco Group 
  • Tutt Bryant 
  • Capital Construction Equipment 
  • BPF Equipment 
  • CEA 
  • Forklifts Australia 
  • Hitachi Construction Machinery Pty Ltd 

Market Segmentation  

Type 

  • Excavators 
  • Backhoe Loaders 
  • Wheeled Loaders 
  • Track Loaders 
  • Skid Steer Loaders 
  • Telehandlers 
  • Forklifts 
  • Aerial Platforms 
  • Others (Articulated Loaders, Truck Carriers) 

Application 

  • Material Handling 
  • Maintenance & Utility Works 
  • Waste Management 
  • Other Applications 

End Users 

  • Construction 
  • Mining 
  • Warehouse & Logistics 
  • Other (Maintenance & Utility Works, Landscaping, Power Generation) 

Key Questions Answered in the Report   

How big is the Australia compact construction equipment market? 

What is the growth rate of the Australia compact construction equipment market? 

Who are the key players in the Australian compact construction equipment market? 

What are the trends in the Australian compact construction equipment industry? 

Which are the major distributor companies in the Australian compact construction equipment market? 

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/australia-compact-construction-equipment-market?details=tableOfContents   

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