The
Movable Heavy Machinery industry contains the “Other Heavy Machinery” segment which encompasses all machinery types that do not belong to lifting equipment, earth-moving equipment, mining machinery, machinery technology or
agriculture & forestry machinery. The segment includes vital equipment which serves construction needs and infrastructure development and energy production and industrial operations and large-scale engineering projects.
The segment contains road construction equipment such as pavers, compactors and asphalt finishers together with tunneling, drilling machines, port handling equipment and customized heavy-duty machines for particular industries or regions. The Asian and European markets experience rising tunneling machinery demand due to the extensive metro and high-speed rail construction projects while port handling equipment expands due to the rising global trade volumes and modernization efforts in ports.
Furthermore, the market shows increasing demand for customized equipment which serves multiple functions to meet changing industrial requirements. The
infrastructure development programs of emerging economies lead to substantial government funding that creates market demand for diverse road construction equipment and material handling solutions. The focus of developed markets now centers on developing sustainable equipment with automated systems and telematics, electric power to achieve sustainability goals and enhance operational performance. The three major companies: Caterpillar, Hitachi Construction Machinery and Wirtgen Group continue to expand their product lines to meet the needs of specific market segments.
The strategic market shows two main characteristics through its combination of multiple small OEMs who serve specific markets and major global companies that enter new specialized product areas. The market presents three main opportunities through sustainable equipment development, digital integration solutions and specialized machinery maintenance services.
The “Other Heavy Machinery” segment stands as a vital and developing part of the movable machinery ecosystem which supports all its main categories. The segment demonstrates global industrial and infrastructure diversity through its applications while creating new growth opportunities where specialized needs meet technological progress and sustainability requirements.