Construction Equipment Wheels Market size was valued at USD 6.3 Billion in 2024 and is projected to reach USD 9.4 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The global construction equipment wheels market was valued at USD 5.4 billion in 2022 and is projected to reach USD 8.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. This growth is driven by increasing infrastructure development and urbanization, particularly in emerging economies. In 2022, the Asia Pacific region dominated the market, accounting for 40% of the global share, followed by North America at 25%, Europe at 20%, Latin America at 8%, and the Middle East & Africa at 7%. The Asia Pacific regions dominance is attributed to rapid urbanization and significant infrastructure projects in countries like China and India.
North America, with a market size of approximately USD 1.1 billion in 2023, is expected to grow at a CAGR of 3.8%, driven by the renovation and upgrading of existing infrastructure. Europe, valued at around USD 0.9 billion in 2023, is projected to grow at a CAGR of 3.5%, supported by sustainable construction practices and technological advancements. The Middle East & Africa region, with a market size of about USD 0.4 billion in 2023, presents significant growth opportunities due to ongoing mega infrastructure projects in countries such as Saudi Arabia and the UAE. Latin America, contributing 8% to the global market in 2023, is also expected to experience growth driven by increased construction activities in countries like Brazil and Argentina.
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GKN Wheels
Trelleborg
JANTSA
Maxion Wheels
Titan International
Unverferth
CWPL
Moveero
Gianetti Fad Wheel
JBH Wheels cc
Levypyörä
Topy IndustriEs
Hangzhou Running World Wheel
Bhagwati Techno Fab
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Construction Equipment Wheels Market
Excavators
Loaders
Bulldozers
Forklifts
Scissor Lifts
Solid Wheels
Pneumatic Wheels
Tyre Wheels
Polyurethane Wheels
Steel Wheels
Light Duty (up to 5 tons)
Medium Duty (5 to 20 tons)
Heavy Duty (20 tons and above)
Construction
Mining
Agriculture
Forestry
Material Handling
Direct Sales
Online Sales
Distributors and Retailers
Rental Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Construction Equipment Wheels Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Construction Equipment Wheels Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Construction Equipment Wheels Market, By Type
6. Global Construction Equipment Wheels Market, By Application
7. Global Construction Equipment Wheels Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Construction Equipment Wheels Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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