The global construction equipment market is anticipated to grow significantly at a CAGR of 4.0% over the forecast period (2021-2027). The key aspect that drives the growth of the global construction equipment market is the rapid evolution in the construction industry across the globe. The shift of the people towards the urban areas, i.e., urbanization, increasing middle-class population along with the rise in disposable income of the people are some of the major factors that demand the construction of residential as well as commercial buildings across the economies. Hence, the growth in the construction industry is likely to propel the growth of the construction equipment market over the forecast period.
To Request a Sample of our Report on Construction Equipment Market: https://www.omrglobal.com/request-sample/construction-equipment-market
Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., Kobelco Construction Machinery Co. Ltd., and Volvo Group among others are substantially contributing to the growth of the global construction equipment market. For instance, in March 2020, Manitowoc launched the novel model Grove GMK6400-1 crane, for deployment in all terrains across several industries. The novel crane model launched by the company is leveraged with the ‘Crane Control System’ for the enhancement in operational efficiency, reach higher altitudes, and achieve enhanced positioning. Hence, such strategies adopted by the key players are likely to promote the construction equipment industry, in turn, will enhance the growth of the market over the forecast period.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Machinery Type and Industry
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., Kobelco Construction Machinery Co. Ltd., and Volvo Group among others
(Get 15% Discount on Buying this Report)
A full Report of Construction Equipment Market is Available at: https://www.omrglobal.com/industry-reports/construction-equipment-market
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from pre-COVID forecast
Ø Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Construction Equipment Market – Segmentation
By Machinery Type
Earth Moving Equipment
- Cranes
- Loader & Backhoe
- Telescopic Handlers
- Excavators
- Motor Graders
- Others (Trencher)
Material Handling Equipment
- Hoists
- Conveyors
- Forklifts
- Others (Industrial Trucks)
- Other Construction Equipment
- Concrete Mixers
- Road Rollers
- Stone Crushers
- Dumpers
- Tippers & Trailers
- Others (Slurry Seal Machines)
By Industry
- Construction & Infrastructure
- Manufacturing
- Mining
- Others (Oil & Gas)
Global Construction Equipment Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- ASTEC Industries Inc.
- Atlas Copco AB
- Caterpillar Inc.
- CNH Industrial NV
- Deere & Co.
- Doosan Heavy Industries & Construction Co., Ltd.
- Guangxi LiuGong Machinery Co., Ltd.
- Hitachi Construction Machinery Co. Ltd.
- Hyundai Heavy IndustriesCo. Ltd.
- JC Bamford Excavators Ltd.
- Kobelco Construction Machinery Co. Ltd.
- Komatsu Ltd.
- LIEBHERR Group
- Metso Corp.
- Sandvik Group
- Sany Heavy Industry Co., Ltd
- Sumitomo Heavy Industries Ltd.
- Terex Corp.
- The Manitowoc Co., Inc.
- Volvo Group
- Wirtgen Group
- XCMG Group
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/construction-equipment-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
