The global demand for Demolition 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% under the study period of 2022-2028.
Demolition equipment refers to the equipment which is used to destroy constructed building and structures through the cutting of concrete slab, beam and steel rod among others. These equipment are used with the construction machines such as backhoe loaders, material handlers, wheel loaders, hydraulic excavators, multi-terrain loaders, track loaders, skid steer loaders, and track-type tractors among others as a part of the attachment. In addition to this, demolition equipment is also used to separate metal wastages from wastages stockpile for scrap recycling purpose.
The growing construction industries coupled with substantial initiatives towards break down of very old and useless multistory building is driving the market growth. The increasing number of smart city and smart building projects are again accelerating market growth. On the other hand, the high cost associated with the demolition equipment is expected to hamper the market growth. Whereas, increasing government initiatives for the demolition of illegal construction of properties at government places are further expected to increase demand over the forecast period.
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 demolition equipment.
The entire demolition equipment market has been sub-categorized into product type and application. 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.
By Product Type
- Weight 20-50 Tons
- Weight 50-100 Tons
- Weight more than 100 Tons
- Road Engineering
This section covers regional segmentation which accentuates on current and future demand for demolition 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 Demolition 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 demolition equipment market include CAT, Doosan, Hidromek, Hitachi, Hyundai, JCB, Kobelco, Komatsu, Liebherr and Volvo. 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.
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