Demolition Equipment Market Size, Share, and Industry Analysis, By Product Type (Excavators, Loaders, Shears, Dozers, Cranes, and Others), Equipment Weight (Up to 50 Tons, 50 to 100 Tons, and Above 100 Tons), By Type (Low-Level Demolition and High-Level Demolition), By Application (Mining, Construction, Road Engineering, and Others), Regional Forecast, 2024-2032

Demolition equipment constitutes machines used for breaking down man-made buildings and other construction structures. These construction equipment include the destruction of single-storied, multi-storied buildings, and other large infrastructures. Machines such as bulldozers, excavators, and loaders, are commonly found in land clearing, scraper work, and grading.

Urbanization, modern infrastructure development, rising population density across urban areas, rising number of age-old structures, and heavy capital expenditure are all fuelling the growth of demolition equipment in several regions. Increasing modern construction projects and new real estate development are all driving the demand for demolition machineries. Government initiatives and expansion of the construction sector are responsible for the destruction of old and inefficient storied structures. Developing economies are focusing on smart city development and high-rise construction buildings which is further projected to boost the sales of demolition equipment. High-power machines such as excavators and bulldozers are employed to destroy small to heavy construction for various demolition tasks for ripping, dozing, and grading.

Construction and demolition waste has been growing across several countries owing to rising old structures and increasing investment in infrastructure development. For instance, in Ireland, the total quantity of construction and demolition waste generated accounted for about 9 million tonnes with a double-digit increase of about 10% in 2021. Government initiatives for eliminating illegal construction are further propelling the market growth for demolition equipment. According to the Ministry of India, a total of 178 incidents of demolition were recorded in India in 2022.

The product demand is rising mainly for the purpose of retrofitting and repurposing structures. Electric-powered machinery that are highly durable and eco-friendly are gaining traction across several applications. The rising application of remote-operated machines in construction and mining sites and the increasing adoption of zero-emission battery-powered machines are bolstering demolition equipment market.

The COVID-19 pandemic impacted the market due to a temporary halt on demolition activities across different regions. Moreover, the rising costs and high maintenance of advanced machinery caused challenges for market growth up to a certain extent. However, the increasing demand and pressure of faster execution of demolition tasks are demanding efficient and highly durable machines.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Impact of COVID-19 on the Demolition Equipment Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis by Product Type

By product type, the demolition equipment market has been classified into excavators, loaders, shears dozers, cranes, and others.

The excavators segment holds the largest revenue. The solutions are used for small and large structures owing to their long-reach booms. Excavators perform a large number of tasks using several different attachments such as grapples, pulverizers, and hammers.

Several other pieces of equipment such as skid steer loaders, wheeler and crawler loaders, and bulldozers are set to show steady growth during the forecast period used for moving materials.

Several manufacturing companies are focused on innovating zero-emission and cost-efficient machinery across emerging and developing countries such as India to cater to the rising demand for demolition equipment.

Regional Analysis

The global demolition equipment market has been studied across five regions: North America, Asia Pacific, the Middle East and Africa, Europe, and South America.

The Asia Pacific is the largest revenue holder in the global market. Several European countries are generating strong demand for demolition and heavy machinery. End users are demanding superior productivity and versatile machines that can destruct up to maximum heights. Rising older buildings and the need for redevelopment are creating a strong demand for safe and efficient machinery.

The Asia Pacific market is expected to showcase robust growth in countries such as India. New regulatory policies and supporting initiatives are also boosting the demand for demolition equipment across various regions.

Distribution of the Demolition Equipment Market, By Region of Origin:

• North America – 27%


• South America – 5%


• Europe – 36%


• The Middle East & Africa – 3%


• Asia Pacific –29%

Key Players Covered

The key players in the market include CAT, Hitachi Construction Machinery, Kobelco Construction Machinery, Komatsu, Doosan, JCB, Liebherr, SANY, Hyundai, Volvo Construction Equipment, and Brokk U.K.

Key Industry Developments

• March 2023: SANY launched a new range of demolition machines named SY215C-XD and SY390H-XD. The tracked excavators are used specifically for demolition, waste, or arduous applications. The machines come with 24-tonne and 40-tonne weights respectively.


• February 2023: Volvo Construction Equipment introduced its 33-foot high-reach excavators. The new lifting model EC300E straight boom crawler excavator is specifically built for demolition purposes.