United States (US) Concrete & Road Equipment Market Overview, 2029

Due to changing industry demands and technology breakthroughs, the US market for construction equipment has seen substantial changes over the years, particularly in the concrete and road building sectors. In the past, the focus has been on sturdy equipment that can effectively perform demanding jobs. But there has been a noticeable trend in favour of efficiency and sustainability in recent years, which has led to advancements in the functionality and design of equipment. Equipment that lowers environmental effect while simultaneously increasing production is becoming more and more important. This covers developments in emissions reduction technology, fuel economy, and the incorporation of renewable energy sources. As feasible alternatives to conventional diesel-powered equipment, electric and hybrid construction machines provide lower running costs and smaller carbon footprints. Investment in IoT-enabled equipment for predictive maintenance and real-time monitoring is growing in the context of smart infrastructure solutions. The development of more robust and environmentally friendly building materials is being fueled by advances in materials science, which in turn affects the capacities and equipment needs. According to the research report "USA Concrete and road construction Market Overview, 2029," published by Bonafide Research, the USA Concrete and road construction market was valued at more than USD 5.7 Billion in 2023. The market is anticipated to grow at more than 8% CAGR from 2024 to 2029. Two significant factors influencing concrete and road building in the USA are technical developments and sustainability measures. Sustainability has emerged as a key factor, with an increasing focus on the use of environmentally friendly products and methods that lower carbon footprints. In an effort to promote the circular economy and reduce waste, this movement is pushing for the use of recycled resources in concrete mixes, such as fly ash and recycled aggregates. Road and concrete building techniques are likewise being revolutionised by technological breakthroughs. Technological advancements such as the 3D printing of concrete buildings are garnering interest due to their potential to optimise construction procedures and minimise labour expenses. High-performance concrete (HPC) and self-healing concrete are examples of advanced materials that are solving maintenance issues, increasing resistance against severe weather, and boosting durability and longevity of infrastructure. These American trends and forces are not only revolutionising building practices but also advancing infrastructure resilience and harmonising with international sustainability objectives. In order to ensure that infrastructure satisfies the needs of an expanding population and urbanisation tendencies, these developments are anticipated to play a critical role in determining the future of concrete and road building as long as research and development funding is sustained. In the construction equipment market, specifically in concrete and road construction segments in the USA, several key types of equipment are vital for various stages of projects: Cement / Transit Mixers are essential for transporting and mixing cement and concrete at construction sites. Transit mixers have rotating drums that keep the concrete agitated during transport to prevent setting. They ensure the consistency and quality of concrete mixes delivered to construction sites, crucial for both small and large-scale projects. Compactors and road rollers are used to compact soil, gravel, asphalt, and concrete surfaces to achieve desired density and smoothness. Vibratory compactors and static rollers are commonly employed for road construction, ensuring proper compaction to enhance durability and load-bearing capacity of pavements and foundations. Pavers and asphalt finishers are specialized machines used for laying and finishing asphalt or concrete pavements. They distribute and shape asphalt or concrete mixes evenly across designated areas, ensuring uniform thickness and smooth surface finishes. Several other equipment includes concrete pumps, which are used to transport and distribute liquid concrete at construction sites, reducing labor-intensive manual pouring. Road planers or milling machines are employed to remove old pavement layers, preparing surfaces for resurfacing or rehabilitation projects. Road sweepers play a role in maintaining cleanliness and safety by clearing debris and dust from paved surfaces.

The USA has seen significant infrastructure investment initiatives aimed at improving roads, highways, bridges, and public transportation networks. These investments are crucial for enhancing connectivity, reducing traffic congestion, and improving overall transportation efficiency. Recent policies in the USA have focused on streamlining permitting processes, promoting public-private partnerships (PPPs) for infrastructure projects, and incorporating resilience measures to withstand climate-related challenges such as extreme weather events. here's ongoing research and development in concrete technology, including high-performance concrete mixes, self-healing concrete, and materials designed to withstand environmental stresses and improve durability. There's a concerted effort to address workforce shortages in the construction industry through training programs and initiatives aimed at attracting younger generations to careers in construction, particularly in specialized fields like concrete technology and road construction. Considered In the Report • Base year: 2023 • Historical year: 2018 • Estimated year: 2024 • Forecasted year: 2029 Aspects Covered In the Report • Market Size by Value for the historic time period (2018-2023) • Market Size by Value for the forecast time period (2023-2029) • Market Share by Application (2018, 2023 & 2029F) • Market Share by Equipment (2018, 2023 & 2029F) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery

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Manmayi Raval

Research Consultant

By Concrete and Road Construction Machinery • Cement/Transit mixers • Compactors & Road Rollers • Pavers/Asphalt Finishers • Others The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modelling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations; validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the construction machinery and excavator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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