Canada Material Handling Construction Equipment Market Overview, 2029

Within the industrial landscape of Canada, the market for construction equipment is a sizable industry. It includes a vast array of heavy-duty equipment used in mining, construction, and infrastructure development, such as excavators, loaders, bulldozers, cranes, and other equipment. Infrastructure spending, increasing urbanisation, and the expansion of the building sector are the main drivers of the market. The development of public amenities, such as roads, bridges, and bridges, has been a priority for the Canadian government, which has increased demand for construction equipment. The Canadian market for construction equipment grew steadily in the early 2000s, driven by the nation's economic development and a rise in building activity. Market trends between 2010 and 2015 indicated a move towards greener technology due to increased attention on sustainability and tougher emissions standards. There was an increase in infrastructure projects between 2016 and 2020, with notable expenditures made in renewable energy and public transit systems. Automation, the Internet of Things (IoT), and artificial intelligence (AI) are just a few examples of modern technologies that have been rapidly incorporated into society since the year 2020. Since they offer real-time data on equipment performance, maintenance requirements, and fuel usage, telematics systems have become the norm. Predictive maintenance is made possible by these solutions, which lowers operating expenses and equipment downtime. Robotics and automation are also becoming more and more popular. Excavators and other autonomous construction vehicles are being tested and used in small-scale operations. These vehicles hold the potential to improve productivity and safety on construction sites. One of the top businesses is Caterpillar Inc., which is renowned for both its wide selection of heavy machinery and its commitment to technological integration. Another big participant is Komatsu Ltd., which provides cutting-edge construction equipment with a focus on innovation and sustainability. Prominent for its dedication to ecological sustainability, John Deere and Volvo Construction Equipment manufactures an assortment of electric and hybrid vehicles.

According to the research report "Canada Earth Moving Construction Equipment Market Overview, 2029," published by Bonafide Research, the Canada Earth Moving Construction Equipment market is anticipated to grow at more than 7% CAGR from 2024 to 2029. The growing population of Canada is one of the fundamental factors behind this expansion. The need for housing and urban development projects has grown as a result of the population's continual expansion, which has increased building activity and raised the requirement for construction equipment. The need for modern technology solutions designed to meet contemporary building difficulties is being fueled by trends in urbanization, which are opening up new opportunities in the residential and commercial construction sectors. The market for construction equipment in Canada is anticipated to rise further due to continued expenditures in infrastructure, advances in technology, and the changing demands of an expanding population. This creates a favourable environment for innovators and industry participants in the construction equipment sector to take advantage of new opportunities in the Canadian market.

Material handling equipment is an essential component of many construction projects in the Canada, according to the market for construction equipment. Below is a summary of the main categories: On building sites, dump trucks, tippers and dumpers are necessary for moving loose materials like gravel, sand and demolition waste. Rigid dump trucks offer greater stability and load capacities on smoother roads, whereas articulated dump trucks are more manoeuvrable in rugged terrain. They are frequently employed in construction and earthmoving operations to effectively move materials from excavation sites to disposal locations. On construction sites, cranes are essential for lifting and moving large objects like machinery and supplies. Tower cranes, which have great lifting capacity and reach, are frequently used in the construction of towering buildings. When necessary, mobile cranes may be moved about a building site to accommodate various needs. They are versatile and mobile equipment. With telescoping booms that may extend and retract to reach a variety of heights and distances, masteted machines are versatile devices that combine the functions of cranes and forklifts. They are employed in palletized products handling, truck loading, and material lifting and placement. Material handling in warehouses, distribution centres and building sites need forklifts. They are employed for short-distance lifting and moving of large pallets, machinery, and supplies. There are many different kinds of forklifts, such as diesel or electric counterbalance forklifts and rough terrain forklifts with pneumatic tyres for usage on uneven outdoor areas.

There is a noticeable shift towards electric-powered MHE due to environmental concerns and regulatory pressures. Electric forklifts and pallet jacks are increasingly replacing diesel and gas-powered counterparts, driven by their lower emissions, reduced operational costs, and improved efficiency.here is a growing emphasis on safety features and ergonomic designs in MHE. Canadian regulations and workplace safety standards are driving the adoption of MHE equipped with advanced safety technologies such as collision avoidance systems and ergonomic controls to prevent injuries and enhance worker productivity. Developments in battery technology, lightweight materials, and predictive maintenance software are enhancing the performance and reliability of MHE in Canada. These advancements help optimize fleet management, extend equipment lifespan, and reduce downtime, thereby improving overall operational efficiency.

Considered In the Report
• Base year: 2023
• Historical year: 2018
• Estimated year: 2024
• Forecasted year: 2029



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 Equipments (2016, 2021 & 2027F)
• Market Share by Region (2016, 2021 & 2027F)
• Market Share by Country (2016, 2021 & 2027F)
• Market Share by Company (2021)

Segments covered in the Report
By Application
• Earth Moving Machinery
• Material Handling Machinery
• Concrete and road construction Machinery
• Other Machinery

By Material Handling Machinery
• Dumper /Dump Truck/ Tippers
• Cranes (Tower Crane, Mobile Crane)
• Telescopic Handlers
• Forklift

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 modeling, 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.