The increasing industrial development and commercial construction activities are creating opportunities for the growth of the global Construction Equipment Market. Furthermore, rising public-private partnerships along with increasing government investments for the development of infrastructure is also contributing to global growth.
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- Caterpillar Inc.
- Liebherr Group
- Terex Corporation
- Komatsu America Corp.
- JCB India Ltd.
- Hyundai Heavy Industries Co., Ltd
- CNH Industrial Capital
- Hitachi Construction Machinery Middle East Corporation FZE
- Volvo Car Retail Solutions AB
Industry key players are investing in research & development activities for providing efficiency in construction by upgrading construction equipment such as forestry equipment, waste management equipment, material handling, agricultural equipment, municipal equipment, mining equipment. This factor is also aiding the growth of the market.
Rising Demand for Advanced Construction Equipment Will Contribute Growth to the Market
The steady move in inclination from conventional construction equipment to mechanized construction equipment is a factor contributing emphatically to the construction equipment request. The regular endeavors of key players towards rethinking and remodeling of old innovation so as to make higher profitability and accomplish efficiencies over the development business. This factor is advancing the development of the worldwide Industry.
Further, the expanding interest for innovatively redesigned and eco-friendly gear for refining development exercises the world over is supporting the development. Likewise, customary development includes high work cost, no track of the work procedure just as high operational cost, which is instigating a significant inclination move towards cutting edge building gear. This factor is relied upon to help the worldwide construction equipment showcase during the conjecture time frame.
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2. By Equipment Type
- Earthmoving Equipment
- Material Handling Equipment & Cranes
- Concrete Equipment
- Road Building Equipment
- Civil Engineering Equipment
- Crushing and Screening Equipment
- Other Equipment
2. By Application
3. By Geography
- North America (USA and Canada and Rest of North America)
- Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Rising Government Investments Will Propel Growth in the Asia Pacific
Geologically, the worldwide market is sectioned into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. In 2018, Asia Pacific came to US$ 49.68 Bn and is relied upon to lead the worldwide construction equipment showcase during the gauge time frame. The development in the area is anticipated to be driven by expanding government interests in the improvement of foundation and the nearness of online retail offices. The expanding accessibility of top of the line hardware on a rental premise is additionally cultivating the development in the area.
In like manner, the interest in sustainable power source, open foundation and private development extends by the legislature of the china are instigating appeal for development hardware. For example, in 2017 the administration of china planned to convey the 21st century Maritime Silk Road and the One Belt One Road venture that would cost around US$ 4 Tn so as to improve the land and conduit availability. These variables joined together is probably going to help the worldwide construction equipment showcase.
Income in Europe came to US$ 36.27 Bn in 2018 and is anticipated to develop essentially during the gauge time frame. The expanding interest for improving the business level and new lodging units and others are driving the development in the area. Correspondingly, Germany is known as the home to Europe’s best-performing machine and hardware area, Europe is required to make development open doors for the market in the prospective year.
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Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Drivers, Restraints and Opportunities
4. Key Insights
4.1. Macro and Micro Economic Factors
4.2. Key Technological Trends and Developments
4.3. Price Trend Analysis
5. Global Construction Equipment Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Equipment Type (US$ Mn)
5.2.2.Material Handling Equipment & Cranes
5.2.4.Road building equipment
5.2.5.Civil engineering equipment
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