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World - Blades For Construction Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConstruction Equipment Blade Market
The global construction equipment blade market is projected to see a steady increase in both volume and value over the period from 2022 to 2030. The market performance is forecast to have a CAGR of +1.9% in volume, reaching 2.2M units by 2030, and a CAGR of +4.4% in value, reaching $653M by the end of 2030. Key findings include the UK leading in consumption and production, the United States being the largest importer, and the UK, the United States, and Mexico being the top exporters. Significant differences in average prices among top exporting countries are also highlighted.
Market Forecast
Driven by increasing demand for blades for construction equipment worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 2.2M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $653M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Blades For Construction Equipment
In 2022, consumption of blades for construction equipment increased by 8.5% to 1.9M units, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at 1.9M units in 2014; afterwards, it flattened through to 2022.
The global construction equipment blade market size skyrocketed to $462M in 2022, with an increase of 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $518M in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Consumption By Country
The UK (809K units) remains the largest construction equipment blade consuming country worldwide, comprising approx. 43% of total volume. Moreover, construction equipment blade consumption in the UK exceeded the figures recorded by the second-largest consumer, Mexico (152K units), fivefold. The third position in this ranking was held by Canada (147K units), with a 7.8% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in the UK stood at +1.3%. In the other countries, the average annual rates were as follows: Mexico (+31.7% per year) and Canada (+4.2% per year).
In value terms, the UK ($120M) led the market, alone. The second position in the ranking was held by Trinidad and Tobago ($47M). It was followed by Mexico.
From 2012 to 2022, the average annual growth rate of value in the UK was relatively modest. In the other countries, the average annual rates were as follows: Trinidad and Tobago (-1.8% per year) and Mexico (+31.6% per year).
In 2022, the highest levels of construction equipment blade per capita consumption was registered in Trinidad and Tobago (64 units per 1000 persons), followed by the UK (12 units per 1000 persons), Singapore (8.6 units per 1000 persons) and Hungary (5 units per 1000 persons), while the world average per capita consumption of construction equipment blade was estimated at 0.2 units per 1000 persons.
From 2012 to 2022, the average annual growth rate of the construction equipment blade per capita consumption in Trinidad and Tobago was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+0.9% per year) and Singapore (+13.2% per year).
Production
World Production of Blades For Construction Equipment
In 2022, production of blades for construction equipment increased by 1% to 1.8M units, rising for the fourth consecutive year after three years of decline. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.5% against the previous year. As a result, production reached the peak volume of 2M units. From 2014 to 2022, global production growth failed to regain momentum.
In value terms, construction equipment blade production amounted to $421M in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $508M. From 2014 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The UK (947K units) constituted the country with the largest volume of construction equipment blade production, accounting for 52% of total volume. Moreover, construction equipment blade production in the UK exceeded the figures recorded by the second-largest producer, Mexico (217K units), fourfold. The third position in this ranking was taken by Canada (130K units), with a 7.2% share.
In the UK, construction equipment blade production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+0.6% per year) and Canada (+0.8% per year).
Imports
World Imports of Blades For Construction Equipment
In 2022, supplies from abroad of blades for construction equipment increased by 28% to 793K units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Global imports peaked at 882K units in 2014; however, from 2015 to 2022, imports failed to regain momentum.
In value terms, construction equipment blade imports surged to $239M in 2022. In general, imports, however, saw a perceptible contraction. Global imports peaked at $295M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, the United States (219K units) was the main importer of blades for construction equipment, generating 28% of total imports. It was distantly followed by Canada (72K units), Brazil (53K units), Australia (51K units), Austria (37K units) and the UK (36K units), together mixing up a 31% share of total imports. Indonesia (34K units), Hungary (29K units), the United Arab Emirates (14K units) and Nigeria (13K units) followed a long way behind the leaders.
The United States experienced a relatively flat trend pattern with regard to volume of imports of blades for construction equipment. At the same time, the UK (+45.3%), Nigeria (+34.3%), Brazil (+13.7%), Canada (+11.6%), the United Arab Emirates (+8.8%), Austria (+5.4%), Hungary (+5.1%) and Australia (+4.1%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +45.3% from 2012-2022. By contrast, Indonesia (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada, Brazil, the UK, Australia, Austria, Nigeria and Hungary increased by +6.2, +5, +4.4, +2.3, +2, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($76M) constitutes the largest market for imported blades for construction equipment worldwide, comprising 32% of global imports. The second position in the ranking was held by Canada ($22M), with a 9.2% share of global imports. It was followed by Australia, with a 6% share.
From 2012 to 2022, the average annual growth rate of value in the United States totaled -1.9%. In the other countries, the average annual rates were as follows: Canada (+9.0% per year) and Australia (+10.1% per year).
Import Prices By Country
In 2022, the average construction equipment blade import price amounted to $302 per unit, flattening at the previous year. In general, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 4.3%. Over the period under review, average import prices reached the peak figure at $353 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($346 per unit), while the United Arab Emirates ($133 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Blades For Construction Equipment
In 2022, shipments abroad of blades for construction equipment increased by 6.8% to 729K units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13%. The global exports peaked at 1.1M units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, construction equipment blade exports reached $202M in 2022. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 24%. The global exports peaked at $343M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, the UK (174K units), distantly followed by the United States (109K units), Mexico (66K units), Canada (56K units), Germany (47K units) and Australia (33K units) were the largest exporters of blades for construction equipment, together comprising 66% of total exports. Japan (30K units), China (27K units), Hungary (22K units), Russia (20K units), the United Arab Emirates (18K units), Singapore (17K units) and Slovakia (15K units) took a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +21.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest construction equipment blade supplying countries worldwide were the United States ($39M), the UK ($28M) and Mexico ($20M), together comprising 43% of global exports. Canada, Germany, China, Australia, Japan, Hungary, Russia, Singapore, Slovakia and the United Arab Emirates lagged somewhat behind, together accounting for a further 41%.
The United Arab Emirates, with a CAGR of +14.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average construction equipment blade export price amounted to $278 per unit, dropping by -2% against the previous year. In general, the export price showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $313 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($360 per unit), while the UK ($158 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global construction equipment blade market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28922800 - Blades for all types of construction equipment
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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