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Heavy construction industry comprises companies that operate by constructing a range of infrastructure-related projects that are responsible for the construction of a range of infrastructure projects, including athletic fields, dams, docks, drainage projects, golf courses, parks, hydroelectric plants, subways, and other mass transit projects. In addition, establishments in this industry include heavy construction general contractors, design-builders, engineer-constructors and joint-venture contractors. Firms in this industry primarily construct, alter, add to, repair, and maintain industrial nonbuilding structures, such as chemical complexes, cement plants, refineries, incinerators, ovens, kilns, power plants (except hydroelectric) and nuclear reactor containment structures. Establishments in the industry may subcontract some of the actual construction work.

• Top Heavy Equipment Manufacturers in World and Market Insight

The heavy construction market refers to heavy construction equipment, machinery and industrial vehicle products and associated services for heavy construction projects. Industrial vehicles for heavy construction include excavators, cranes, tunnel boring machines, bulldozers and loaders. Equipment for heavy construction can include drilling equipment, soil stabilizers, pile drivers, trucks, tankers and generators. The vehicles consist of five parts: control systems, implementation systems, information systems, power trains, structures and traction systems.

Hydraulic components are an important part of heavy construction vehicles and are the major means for power transference to the tools and equipped machinery. Services relating to heavy construction can include engineering; equipment, vehicle and materials procurement; and construction itself or building (EPC). Contractors, engineers, distribution specialists, consultants, technicians, skilled workers and laborers make up the majority of workforces assigned to heavy construction projects. Examples of heavy construction projects include bridge and tunnel construction, large concrete structure construction (dams and aqueducts for instance), harbors, docks and other water projects, road and highway building, canal and waterway excavation, pipeline excavation and laying, other concrete and metal pipe projects, and steel structure construction. Heavy construction can include also demolition and wreckage activities in order to clear and prepare construction areas.

Trends in Heavy Construction

Globally, heavy construction industry is a growing force that has evolved at a greater rate and the promise of the growth which is expected to grow further is also seen and calculated and the future seems to be going in the right path for the industry; be it the continuous growing revenue or the customer's demand for new and improved designs and innovative features that are different from the obsolete last generation systems. However, decreasing demand for heavy industrial construction has weighed heavily on profit margins, but the industry is set to recover over the next five years. The economic recovery, along with improvements in domestic energy demand and the availability of finance, will drive growth. Furthermore, government regulation in the power generation and upstream and downstream petroleum markets will also boost revenue and the location of businesses in the Heavy Industrial Facilities Construction industry is generally aligned with the population distribution in the United States. The most populated regions have the greatest concentration of industry businesses, with the exception of the Great Lakes region. This is reflective of the fact that larger areas of population generally have a greater need and higher demand for industrial facilities and services.

Major Heavy Construction Players

Major players in the heavy construction industry include Bobcat Company, Caterpillar Incorporated, Deer and Company, Doosan Group, Fiat-Allis, Hyundai Heavy Industries, Ingersoll Rand, Kobelco, New Holland, Roto Tilt, and ST Kinetics.