The construction machine market in North America stands as a cornerstone of infrastructure development, powering the growth of the region. In this article, we will delve into the size of the construction machine market in North America and highlight the top-selling model. Additionally, we will present a table format detailing the market share rankings for construction equipment in the North American market.
Size of the Construction Machine Market in North America
North America boasts a robust construction machine market, fueled by urbanization, renovation projects, and technological advancements. The size of the construction machine market in North America reached an estimated $45 billion in 2021, reflecting the industry’s pivotal role in driving economic progress.
With the United States and Canada leading the way, the market continues to expand to meet the demands of residential, commercial, and infrastructure projects.
Top-Selling Model in North America
Amid the diverse array of construction equipment in North America, one model stood out as the top-seller:
Bobcat S650 Skid-Steer Loader
The Bobcat S650 skid-steer loader emerged as the top-selling model in the North American construction machine market. Renowned for its versatility and agility, the Bobcat S650 is a preferred choice for contractors and construction professionals across the region.
Key factors contributing to the Bobcat S650’s success:
- Versatility: The Bobcat S650’s compact design and range of attachments allow it to excel in tasks such as digging, lifting, grading, and material handling.
- Ease of Operation: Equipped with user-friendly controls, the Bobcat S650 offers operators a comfortable and intuitive experience.
- Efficiency: The Bobcat S650 is designed for efficient performance, optimizing productivity and reducing fuel consumption.
Market Share Ranking for North America Construction Equipment Market (2021)
Here is the market share ranking for the construction equipment market in North America in 2021:
| Rank | Manufacturer | Market Share (%) |
|---|---|---|
| 1 | Caterpillar (CAT) | 21.3 |
| 2 | John Deere | 18.6 |
| 3 | Komatsu | 15.9 |
| 4 | Bobcat | 13.7 |
| 5 | Volvo Construction | 9.2 |
(Note: Market share percentages are approximate and based on available data.)
Conclusion
The North American construction machine market, with an estimated size of approximately $45 billion in 2021, fuels the region’s growth and development. The Bobcat S650 skid-steer loader’s status as the top-selling model underscores its versatility and user-friendly design. The market share rankings provide insights into the competitive landscape, with Caterpillar, John Deere, Komatsu, Bobcat, and Volvo Construction leading the way. As North America continues to invest in construction and infrastructure, the construction machine market is poised for further expansion and innovation.
