The market for extra tools and components that may be added to Construction Equipment Attachment to increase its usefulness and productivity is referred to as the construction equipment attachment market. Excavator buckets, backhoe attachments, hydraulic breakers, and other specialised components that may be linked to construction machines are examples of construction equipment attachments.
The construction equipment attachment market has grown significantly in recent years as the construction industry’s desire for efficient and adaptable equipment has increased. This expansion has been fueled by reasons such as increased building activity, rising demand for infrastructure development, and increased usage of modern construction technology.
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Key Segments of Construction Equipment Attachment Market
Attachment
- Skid Steer Loaders
- Buckets
- Augers
- Grapples
- Hammers
- Dozer Blades
- Snow Pushers
- Snow Blades
- Pallet Forks
- Breakers
- Sweepers
- Quick Couplers
- Planers
- Backhoes
- Graders
- Compact Track Loaders
- Buckets
- Augers
- Grapples
- Hammers
- Dozer Blades
- Snow Pushers
- Snow Blades
- Pallet Forks
- Breakers
- Sweepers
- Quick Couplers
- Planers
- Backhoes
- Graders
- Mini Excavators
- Buckets
- Augers
- Grapples
- Breakers
- Rippers
- Pallet Forks
- Quick Couplers
- Telescopic Handlers
- Buckets
- Augers
- Grapples
- Pallet Forks
- Sweepers
- Snow Pushers
- Snow Blades
- Trenchers
- Dozer Blade
- Quick Couplers
Sales Channel
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Construction Equipment Attachment Market – Key Takeaways
- Compact track loaders will remain lucrative among other attachment categories throughout the forecast period, followed by skid steers.
- The aftermarket sales channel category will grow at a CAGR of 3.2% over the forecast period
- Asian and Oceania nations jointly are poised to attain 45% of the overall construction equipment attachment market share, followed by North America.
Anticipated Market Impact by COVID-19 Pandemic
The COVID-19 outbreak has hugely impacted the construction equipment attachment market on the demand side, triggering a drop in sales. Post-crisis, a rise in government spending on new ventures coupled with growing expenditure in construction exercises will open new growth prospects for manufacturers in the global market.
Competition Landscape
The global construction equipment attachment market is fragmentized in nature, with the presence of several regional and local players. Leading companies in the global market are CNH Industrial N.V., Caterpillar Inc., Volvo Construction Equipment, Komatsu Limited, Doosan Corporation, Wacker Neuson SE, Kubota Corporation, Paladin Attachments, and Hitachi Construction Machinery Co., Ltd.
