Scope of the Report Construction sector plays a crucial role in determining the global economy, as this has got all round exposure and having demand for the construction equipment and commercial buildings. Increase in the urban population and rise in the living standards of different communities of people across the globe have made this markets huge. Larger consumer base and the high demand for basic infrastructural facilities have boosted the markets related to the construction equipment. As the opportunities for the entry of global OEMs and high demand in the field of real estate and infrastructure have paved way to excel this markets in all the regions.
Request Free Sample The global construction equipment market has witnessed slow growth in the last five years. In China, the sales of construction equipment have fallen from a peak ofunits in to approximatelymachines inand the same was observed in several other countries.
The fall in sales was due to the slowing world economic growth and weak commodity prices. The factors driving the growth of the global market include continuous infrastructure developments, which increases the demand for construction equipment.
The huge demand for heavy construction equipment from emerging economies is an opportunity witnessed in the global market. The major restraints in the market include high cost of heavy construction equipment.
Construction equipment is specially designed machinery used for construction operations. Construction equipment is used for functions including hauling, drilling, paving, excavating and grading.
The types of construction equipment used include earthmoving equipment, material handling equipment, and heavy construction vehicles and equipment. Some of these equipment include articulated dump trucks, crawler loaders, mini excavators, asphalt finishers, backhoe loaders, crawler dozers, motor graders, crawler excavators, rigid dump trucks, rough terrain lift trucks and others.
The market is growing, due to increase in construction of buildings, roads, healthcare centers, institutes and other infrastructure. Asia-Pacific is currently the largest market for construction equipment and is estimated to grow at a high rate during the forecast period.
The economic growth and increased spending on infrastructural activities has played a huge part in providing the necessary boost to the growth of the global construction equipment industry.
Global Construction Equipment Market Size & Growth: Global Construction Equipment is valued at $ billion in and estimated to reach a value of $ billion in at CAGR of %. Market Data We provide the key tools for sound business decisions through statistical reports, macroeconomic and industry trend data. The global construction equipment market is growing steadily with improving economic conditions and increasing investment in construction sector globally.
The earthmoving equipment is the fastest growing segment in the heavy construction equipment market across the globe. One of the major developments observed in the global construction equipment market is new product development.
The requirements of the manufacturers for adhering to standards set by government for construction equipment makes it essential for the manufacturers to continuously invest in research and development activities and come up with innovative solutions.
The major players operating in the global construction equipment market include Caterpillar Inc.TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Building Materials and Finishes.
From building materials such as stainless steel panels to decorative moldings, GlobalMarket’s collection of manufacturers can provide the needed supplies for most construction projects.
Global Construction Equipment Market Size & Growth: Global Construction Equipment is valued at $ billion in and estimated to reach a value of $ billion in at CAGR of %. The global construction equipment market was estimated at INR5,bn (US$bn) last year and is expected to reach INR7,bn by , representing CAGR of per cent.
The report "Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region - Global Forecast to ", The heavy construction equipment market size is estimated to grow from USD Billion in.
The market study on the global market for construction equipment is a top level analysis, which assesses the winning imperatives for market participants and stakeholders to leverage opportunities available in this initiativeblog.comon: State Tower, 90 State Street, Suite , Albany,