Global Public Works Machinery Market 2024

Public Works Machinery Market Size

The global public works machinery market expanded remarkably to $X in 2021, growing by 8.3% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Public Works Machinery Production

In value terms, public works machinery production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth remained at a somewhat lower figure.

Public Works Machinery Exports

Exports

In 2021, shipments abroad of machinery for public works and building increased by 31% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 42%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the global exports remained at a lower figure.

In value terms, public works machinery exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The global exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Germany (X units), India (X units) and Australia (X units) represented roughly 57% of total exports in 2021. China (X units) took the next position in the ranking, followed by the United States (X units) and Singapore (X units). All these countries together took near 21% share of total exports. Italy (X units), Russia (X units), Belarus (X units) and the Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of +48.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest public works machinery supplier worldwide, comprising 50% of global exports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of global exports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled +3.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (-4.4% per year) and China (+6.9% per year).

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, with a decrease of -6.7% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, public works machinery export price decreased by -17.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29%. The global export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.7%), while the other global leaders experienced more modest paces of growth.

Public Works Machinery Imports

Imports

In 2021, approx. X units of machinery for public works and building were imported worldwide; with a decrease of -2.5% on 2020. In general, imports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2014 when imports increased by 98%. Over the period under review, global imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, public works machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Qatar dominates imports structure, finishing at X units, which was approx. 59% of total imports in 2021. It was distantly followed by the United States (X units), generating an 8.3% share of total imports. Singapore (X units), Canada (X units), France (X units), South Korea (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to public works machinery imports into Qatar stood at +2.7%. At the same time, Singapore (+22.5%), South Korea (+20.2%), the United States (+11.4%), Canada (+9.9%), France (+8.8%) and Thailand (+4.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +22.5% from 2012-2021. The United States (+3.8 p.p.) and Singapore (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Qatar saw its share reduced by -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest public works machinery importing markets worldwide were the United States ($X), France ($X) and Canada ($X), with a combined 26% share of global imports. South Korea, Thailand, Qatar and Singapore lagged somewhat behind, together accounting for a further 4.2%.

In terms of the main importing countries, South Korea, with a CAGR of +11.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, with an increase of 28% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 92%. Global import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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