January 28, 2023

Construction Equipment Market

Global “Construction Equipment  study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.

Market Analysis and Insights: Global Construction Equipment Market

Due to the COVID-19 pandemic, the global Construction Equipment Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Construction Equipment Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.

 The Construction Equipment Market is projected to grow from USD 141.99 billion in 2021 to USD 222.14 billion in 2028 at a CAGR of 6.6% in the 2021-2028 period.

Construction Equipment Market Regional Analysis:

Moreover, This report focuses on Construction Equipment Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

For More Specific Information, Ask for customization at:

https://www.fortunebusinessinsights.com/enquiry/customization/100521

Top companies in the Global Construction Equipment Market research report include:

  • AB Volvo (Gothenburg, Sweden)
  • Caterpillar Inc. (Illinois, U.S.)
  • Komatsu Ltd. (Tokyo, Japan)
  • Doosan Infracore Co. Ltd. (Seoul, South Korea)
  • Hitachi Construction Machinery Co., Ltd. (Tokyo, Japan)
  • J.C. Bamford Excavators Ltd. (Rocester, U.K.)
  • Liebherr Group (Bulle, Switzerland)
  • CNH Industrial N.V. (London, U.K.)
  • Hyundai Construction Equipment Co., Ltd. (Seoul, South Korea)
  • SANY Group (Beijing, China)

Drivers and Restraints

Implementation of Innovative Construction Equipment to Navigate Market Growth

Customers across the world are requesting for better fuel-efficient, technologically advanced equipment for boosting constructing activities. Implementation of elevated equipment decreases labour costs, tracing of work done in every phase of development, and further diminishes functioning costs.

Key companies are working relentlessly on extending their business domain by offering products, services or solutions, coupled with fresh values which take complete benefit of Information and Communication Technology and IoT (Internet of Things) technologies.

Furthermore, they are involved in presenting advanced equipment that can not only satisfy customer requirements but also tackle public and ecological issues. Therefore, the end-users are naturally fascinated by these apparatuses. Lately, Black Cat Civil, an Australian company found the Cat Next Gen earthmovers to be a solid counterpart for their technology-based business model.

Regional Insights

Asia Pacific is expected to appear dominant in the market and is likely to hold the largest construction equipment market share during the forecast period. Growth observed in the region is probable to be motivated by the occurrence of online retail amenities, accessibility of machinery on a rental basis, increasing government funds in infrastructure development, augmentation in capital investments.

Europe produced a considerable revenue in 2019 and is anticipated to observe growth owing to rising demand for fresh housing projects, refining engagement levels, and many more. Likewise, as Germany is measured as the home to Europe’s best-performing machine and equipment sector, it is anticipated to have substantial prospects to develop over the forecast period.

The robust existence of key companies such as Caterpillar, and Sany America is assisting the construction equipment market growth in North America. Moreover, the obvious determinations of these companies concerning technological advancements, planned associations, procurements, and emphasis on the aftermarket services are also estimated to sway the market latent in North America.

 

Market Segmentation-

  • By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, Road Building Equipment, Civil Engineering Equipment, Crushing and Screening Equipment and Other Equipment)
  • By Application (Residential, Commercial & Industrial)

COVID-19 Outbreak Impact Analysis on Construction Equipment Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

Purchase Full Report at – https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/100521

Construction Equipment Market Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

• How big is the equipment industry?
• Who sells the most construction equipment?
• What is the most used construction equipment?
• How big is the heavy equipment industry?
• construction equipment market in india
• construction equipment market pdf
• used construction equipment market in india
• construction equipment market share in india
• electric construction equipment market
• indian construction equipment market size
• construction equipment market size india
• construction equipment industry in india 2022

 

If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Automated Forklift Trucks Market Existing and Future Insights in Growth Study Report

Soft Services Facility Management Market Report Highlights the Competitive Scenario with Impact of COVID-19

Hard Services Facility Management Market Overview and Regional Outlook Study

Vertical Milling Machine Market In-depth Insights

Digital Production Printer Market Existing and Future Insights in Growth Study Report

Engine Driven Welders Market Report Highlights the Competitive Scenario with Impact of COVID-19

Forestry Equipment Market Overview and Regional Outlook Study

Pallets Market In-depth Insights

Who we are:

Fortune Business Insights ™ delivers accurate data and innovative business analytics, helping organizations of all sizes make appropriate decisions. We tailor new solutions for our customers, helping them address various distinct challenges for their businesses. Our goal is to provide them with holistic market information by providing a detailed overview of the market in which they operate.

Contact:
Email:  [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245