North America Concrete & Road Construction Equipment Market Outlook, 2029

The North American concrete and road construction market is a dynamic sector pivotal to infrastructure development across the continent. Boasting robust growth driven by urbanization, industrialization, and governmental infrastructure investments, the market encompasses a wide array of activities from residential and commercial construction to large-scale public projects. Key drivers include the need for modernization of aging infrastructure, environmental sustainability initiatives, and the expansion of transportation networks. In the United States and Canada, significant investments in highways, bridges, airports, and urban transit systems are reshaping the landscape. Innovations in concrete technologies, such as high-performance materials and sustainable practices, are revolutionizing construction practices, enhancing durability, and reducing environmental impact. Moreover, the demand for transit mixers, essential for transporting concrete efficiently on construction sites, underscores the market's reliance on specialized equipment. Challenges persist, including regulatory complexities, fluctuating material costs, and the integration of smart technologies into infrastructure projects. However, opportunities abound with the rise of smart cities and the increasing adoption of green building practices. As stakeholders navigate these dynamics, collaboration between public and private sectors remains crucial for sustainable growth and resilience in the North American concrete and road construction market. According to the research report "North America Concrete and road construction Market Overview, 2029," published by Bonafide Research, the North America Concrete and road construction market was valued at more than USD 8.1 Billion in 2023. The North American concrete and road construction market continues to experience significant growth driven by various factors. Infrastructure development projects, including roads, bridges, and public transport systems, are key contributors to this expansion. Increasing urbanization and population growth necessitate robust infrastructure, further fueling demand for concrete and road construction. Technological advancements in construction materials and techniques, such as high-performance concrete and sustainable construction practices, are reshaping the market landscape. These innovations enhance durability, reduce environmental impact, and lower maintenance costs, appealing to both public and private sector clients. Government initiatives and funding allocations for infrastructure upgrades and maintenance also play a crucial role in market growth. Investments in smart cities, transportation networks, and sustainable development projects bolster demand for concrete and road construction services across the region. Moreover, the North American market benefits from a mature regulatory environment that supports construction industry standards and safety measures, fostering confidence among investors and stakeholders.

In North America, the concrete and road construction market is robust, driven by ongoing infrastructure projects and urban development initiatives. Cement plays a pivotal role as a primary ingredient in concrete production, which is widely used in construction projects ranging from highways and bridges to residential and commercial buildings. The demand for cement in North America remains steady, supported by infrastructure investments by governments and private sectors. Transit mixers, essential in the concrete supply chain, facilitate the transportation and delivery of freshly mixed concrete to construction sites. These vehicles ensure the quality and timely delivery of concrete, crucial for maintaining construction schedules and project efficiency. In recent years, advancements in transit mixer technology have focused on improving fuel efficiency, reducing emissions, and enhancing mixing capabilities, aligning with sustainability goals and regulatory requirements. The market for transit mixers in North America reflects these advancements, with a trend towards more efficient and environmentally friendly models. As infrastructure projects continue to expand, the demand for both cement and transit mixers is expected to grow, driven by the need for reliable and sustainable construction solutions across the region. In North America, the concrete and road construction market is robust, driven by infrastructure development and urbanization. Compactors and road rollers play a crucial role in this sector, ensuring the durability and smoothness of roads and other construction projects. These machines compact soil, gravel, asphalt, and concrete surfaces, enhancing their strength and stability. The market for compactors and road rollers in North America is characterized by technological advancements aimed at improving efficiency and reducing environmental impact. Manufacturers focus on producing equipment that meets stringent emissions standards while delivering high performance and durability. Key trends include the integration of telematics for real-time monitoring, hybrid and electric models to reduce carbon footprints, and ergonomic designs to enhance operator comfort and productivity. Government investments in infrastructure, such as highways, bridges, and airports, continue to drive demand for compactors and road rollers. Additionally, the maintenance and rehabilitation of existing infrastructure contribute significantly to market growth. Contractors and construction firms prioritize equipment reliability and lifecycle costs, leading to steady demand for advanced compactors and road rollers across the region. The North America concrete and road construction market for pavers/asphalt finishers is robust, driven by infrastructure projects and urban development. Pavers and asphalt finishers play crucial roles in constructing roads, highways, and pavements efficiently. In North America, the market is characterized by technological advancements aimed at enhancing productivity, reducing emissions, and improving paving quality. Key trends include the adoption of advanced paving technologies like intelligent compaction systems and automated paving control systems, which ensure smoother surfaces and better durability. Sustainability is another significant focus, with increasing use of recycled materials in asphalt mixes and innovations in porous pavements to mitigate environmental impact. The market is competitive with several key players offering a range of pavers and finishers tailored to varying project scales and specifications. Government investments in infrastructure, particularly in transportation and urban renewal, continue to drive demand for pavers and asphalt finishers across the region. Overall, North America's concrete and road construction market for pavers/asphalt finishers is poised for steady growth, supported by ongoing infrastructure projects, technological advancements, and a growing emphasis on sustainability and efficiency in construction practices. COVID-19 Impacts: The Canada construction equipment market was hit hardest in the first three quarters of 2020 due to the significant spread of COVID-19. Governments across the country accepted strict safety measures, including lockdown, to contain the virus. This lockdown resulted in the temporary suspension of construction activities, the shutdown of construction equipment manufacturing facilities, and disturbances in imports and exports. However, changes in consumer preference and increasing industrialization across the country are anticipated to propel higher market growth during the forecast period. 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 (2018-2023) • Market Size by Value for the forecast time period (2023-2029) • Market Share by Application (2018, 2023 & 2029F) • Market Share by Equipment (2018, 2023 & 2029F)

Segments covered in the Report By Application • Earth Moving Machinery • Material Handling Machinery • Concrete and road construction Machinery • Other Machinery By Concrete and Road Construction Machinery • Cement/Transit mixers • Compactors & Road Rollers • Pavers/Asphalt Finishers • Others 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 modelling, 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.