"The Canadian market for construction equipment is an important part of the country's thriving economy since it is a vital industry that promotes the growth of infrastructure and the economy. The Canadian construction sector is a shining example of how innovation, efficiency, and environmental stewardship can coexist harmoniously. Canada is known for its expansive and diversified landscapes, ambitious construction projects, and dedication to sustainability. The Canadian market for construction equipment is distinguished by its broad breadth and complexity and includes a variety of endeavours, including residential, commercial, industrial, transportation, and civil engineering projects. The Canadian construction industry meets the changing needs of a large and diverse population as well as the requirements of a geographically diverse terrain with imposing skyscrapers, extensive transit networks, and renewable energy installations. According to the report, ""Canada Construction Equipment Market Overview, 2027,"" published by Bonafide Research, the market is anticipated to witness prominent market growth during the upcoming timeframe. The government's dedication to sustainable growth and infrastructure investment is one of the major factors influencing the Canadian construction equipment industry. A considerable amount of money has been invested in transportation, green infrastructure, and renewable energy projects across the nation thanks to ambitious programmes like the Investing in Canada Plan, the Clean Energy and Transportation Initiatives, and the National Trade Corridors Fund. These programmes have increased demand for construction equipment, fueling industry expansion and encouraging green building techniques. The construction equipment market in Canada also embraces technological advancements and digitalization. Technologies such as Building Information Modeling (BIM), remote monitoring systems, and autonomous machinery are increasingly utilized to enhance project planning, efficiency, and safety. Moreover, the industry has witnessed a growing focus on sustainable construction practices, including energy-efficient designs, use of recycled materials, and adoption of green building certifications such as LEED (Leadership in Energy and Environmental Design).
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample
The construction equipment market of Canada is supported by authorized associations and certifications that ensure industry standards and promote excellence in equipment manufacturing, distribution, and operation. One of the prominent organizations in this domain is the Canadian Construction Association (CCA), which represents the interests of the construction industry at the national level, advocating for best practices, safety, and quality assurance. The CCA collaborates with various regional and local construction associations across Canada to provide a unified voice for the sector. Additionally, certifications such as the Canadian Construction Association Gold Seal Certification Program and the Canadian Standards Association (CSA) certification ensure that construction equipment meets stringent quality and safety standards. These certifications provide a mark of excellence and give confidence to industry professionals and stakeholders regarding the reliability and performance of construction equipment in the Canadian market. According to the report, the market is segmented into three types of applications, including earth moving machinery, material handling machinery, and concrete and road construction machinery. Among these types, earth moving machinery is anticipated to acquire higher market growth during the forecast period. Excavators, loaders, dozers, and motor graders are considered part of the earth-moving machinery segment. Among them, excavators and loaders are leading the market in 2021. Further, dumpers, cranes, telescopic handlers, and forklifts are considered part of material handling machinery. Among these types, dumpers and cranes are projected to dominate the overall market. On the other hand, cement/transit mixers, compactors & road rollers, and pavers/asphalt finishers are considered under the concrete & road construction machinery segment. Among them, cement/transit mixer is leading the market in 2021. COVID-19 Impacts: The Canada construction equipment market was hit hardest in the first three quarters of 2020 due to the significant spread of COVID-19. Governments across the country accepted strict safety measures, including lockdown, to contain the virus. This lockdown resulted in the temporary suspension of construction activities, the shutdown of construction equipment manufacturing facilities, and disturbances in imports and exports. However, changes in consumer preference and increasing industrialization across the country are anticipated to propel higher market growth during the forecast period.
Considered In the Report • Geography: Canada • Base year: 2021 • Historical year: 2016 • Estimated year: 2022 • Forecasted year: 2027 Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2021-2027) • Market Share by Application (2016, 2021 & 2027F) • Market Share by Equipment (2016, 2021 & 2027F) Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery
By Earth Moving Machinery • Excavators • Loaders • Dozers • Motor Graders By Material Handling Machinery • Dumper /Dump Truck/ Tippers • Cranes (Tower Crane, Mobile Crane) • Telescopic Handlers • Forklift 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. "