The global demand for Construction Equipment Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX units in 2019 and foreseen to touch XX units by 2026 with a CAGR of XX% during 2020-2026.
Constructionequipments are used for various purposes in large projects depending on the size of work. Application of this equipment makes construction process easier and faster. Based on purpose and use construction equipment can be categorised into four sections: earth moving equipment, construction vehicle, material handling equipment, and heavy construction equipment.There are different types of construction equipment; some of commonly used are excavators, backhoe, dragline excavator, bulldozers, graders, wheel tractor scraper, trenchers, and loaders.
The global construction equipment market will continue to bedriven by construction, mining and other infrastructure investments. The macroeconomic situation, government policy and availability of funding will support this upsurge.Policy changes in theinfrastructure segment are expected to boost the industry growth.The government is taking action to reform procedures and policies along withthe speeding up of environmental issues, forest clearances and landacquisition issues to boost infra development and hence equipement demand.Apart from this, the trend of smart city projects and renting or leasing of construction equipment shortage of labour, pressure of accomplishing task in a given deadline will also supports the growth of market.However, high capital cost equipment is predicted to hamper the growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Construction Equipment.
The entire Construction Equipment market has been sub-categorized into product, application, and category. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Dragline Excavator
- Wheel Tractor Scraper
- Commercial Buildings
- Residential Buildings
- Industrial Buildings
- Earthmoving Equipment
- Material-Handling Equipment
- Heavy Construction Vehicles
- Other Equipment
This section covers regional segmentation which accentuates on current and future demand for Construction Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Construction Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Construction Equipment market include Caterpillar, Volvo Construction Equipment, Komatsu, HItachi, John Deere, CNH industrial. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.