Construction Equipment Market Research Report

 

The GMI Research forecasts that the construction equipment market is witnessing an upsurge in demand over the forecast period. This is mainly due to the development of smart cities and rising government investments for the development of infrastructure.

Introduction of the Construction Equipment Market:

Construction equipment refers to the machine that is particularly designed for construction sites to create the work of construction secure, fast, and easy. These construction machines are categorized into various categories based on their applications, such as material handling equipment, earthmoving equipment, construction vehicles, among others. The earthmoving equipment is generally used in the construction industry to significantly shift huge amounts of earth and to dig landscape areas and foundations. These types of equipment include hydraulic bulldozers, excavators, and loaders. Construction vehicles are heavy-duty vehicles, which are created for performing construction jobs.

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Construction Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The growth in construction activities due to increasing population and rapid urbanization around the world are the factors surging the growth of the global construction equipment market. Moreover, the major factors boosting the construction equipment industry in the upcoming years include the development of smart cities and rising government investments for the development of infrastructure. The technological advancements in construction equipment and the significant shift of industries towards adopting autonomous equipment are expected to propel the growth of the construction equipment market share in terms of revenue during the forecast period.

As per the construction equipment market research report, the rising demand for building road infrastructure in developing countries, followed by the growing demand for agriculture and mining activities and several profitable opportunities in the rental business of construction equipment, is supporting the market growth across the world. The significant factors contributing to the growth of the market include increasing industrialization and developing countries, along with growing disposable income. On the other hand, the high cost of the equipment will hamper the growth of global construction equipment.

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. The growing population, coupled with the rapid growth in construction activities and rising government projects for the development of roads, highways, renewable energy projects, and other related projects, are the factors energizing the market growth. In addition to this, increasing disposable income and rising infrastructure spending is a key factor bolstering the growth of the market in this region. With the strong demand for office space across various sectors, including retail, e-commerce, IT and ITeS, and consulting, followed by numerous initiatives like Housing for all, smart cities are accelerating the market demand for construction equipment. On the other hand, growing demand for technologically advanced machinery and a strong push from the rental companies are the factors bolstering the growth of the US construction equipment market.

Key Players of the Global Construction Equipment Market:

·        Volvo Construction Equipment

·        Liebherr

·        Caterpillar

·        Komatsu

·        Terex

·        Zoomlion

·        CNH Industrial

·        Hitachi Construction Machinery

·        John Deere

·        JCB

Construction Equipment Market Segmentation:

Segmentation by Type:

·        Excavators & Loaders

·        Cranes & Draglines

·        Dozers & Off-highway Trucks

·        Others

Segmentation by Application:

·        Commercial Buildings

·        Industrial Buildings

·        Infrastructure

·        Residential Buildings

Segmentation by Category:

·        Material-Handling Equipment

·        Earthmoving Equipment

·        Heavy Construction Vehicles

·        Other Equipments

Segmentation by Propulsion Type:

·        CNG/LNG/RNG

·        Diesel

·        Gasoline

Segmentation by Power Output:

·        <100 Hp

·        101-200 Hp

·        201-400 Hp

·        >400 Hp

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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