Construction Equipment Market to Reach $288.8 Billion, Globally, by 2022

1. Opportunity Analysis and Industry Forecast, 2016-2023 Construction Equipment Market Global Opportunity Analysis and Industry Forecast, 2014-2022

2. Construction Equipment Market Overview :- Construction Equipment Market is expected to garner $288.8 billion by 2022, registering a CAGR of 9.2% during the forecast period 2016-2022. Construction equipment, also known as heavy equipment are specially designed machinery for performing construction operations. These equipment are used for different functions such as drilling, hauling, excavating, paving and grading. The world construction equipment market covers different industries including manufacturing, oil & gas, forestry, military and public works. The construction equipment, commonly known as heavy equipment are machinery having applications in excavation and mining, lifting and material handling, earthmoving, transportation and other areas. In developing economies such as Asia-Pacific, rapid urbanization and industrialization would propel the demand for construction equipment in coming years. Increasing number of infrastructure projects in Asia-Pacific and LAMEA is expected to boost the construction equipment market in the near future. North America is also expected to grow at a notable pace on account of an upswing in residential construction activities.

3. Construction Equipment Market Overview :- The demand for earthmoving equipment is relatively higher in Asia-Pacific and North America on account of their usage in digging, foundation building, loading and for other purposes. Further, rising investments in energy sector and infrastructure sector is expected to drive the market for lifting and material handling equipment in Asia-Pacific. Presently, product launch strategy drives the market. Key players operating in the market have launched equipment with improved features in order to strengthen their foothold. In 2014, Caterpillar, a leading player in the market, introduced a modified loader, “Cat 424 B” with advanced features and better fuel efficiency. The report analyses the world construction equipment based on type, solution, application, industry and geography. Based on type, the market is divided into loaders, cranes, forklifts, excavators, dozers, and others. On the basis of application, it is categorized into excavation & mining, lifting & material handling, earthmoving, transportation, and others. Read more at : https://www.alliedmarketresearch.com/press-release/construction-equipment-market.html

4. Construction Equipment Top Impacting Factors :- TOP FACTORS IMPACTING CONSTRUCTION EQUIPMENT MARKET

5. Construction Equipment Top Impacting Factors :- Industrial, residential and commercial development:- As per the current market scenario, construction equipment market is expected to grow on account infrastructural development. The construction equipment market is rapidly expanding with the growing demand for industrialization and residential & commercial infrastructure developments. Global economic growth:- In 2008, the growth of the construction equipment market was sluggish owing to the unfavorable existing economic conditions in many countries. However, improving economic conditions and decreasing unemployment have led to the increase in infrastructure investments, thereby driving the construction market significantly.

6. Construction Equipment Top Impacting Factors :- Public-private partnerships (PPP):- Public-private partnership is a concept of partnership between government and private sector companies. This partnership is encouraging substantial private sector investments in infrastructural development, thus boosting the growth of the construction equipment market. Carbon emission:- Construction equipment use diesel as fuel for its operations. Use of such fuel intensifies the emission of CO2 and further increases carbon footprints. Carbon emission has severe health side effects. The increasing level of carbon emissions poses a major challenge to the growth of the construction equipment market. Thus, companies are now focusing on finding alternate energy sources to reduce the carbon emission from the machines.

7. Construction Equipment Market Segmentation :-

8. Construction Equipment Market key Benefits :- • KEY BENEFITS: • This study provides an in-depth analysis of the construction equipment market to elucidate the imminent investment pockets. • The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis. • Porter’s five forces analysis highlights the potency of suppliers & buyers and describes the competitive scenario of the market, which is expected to facilitate efficient business planning. • Value chain analysis provides key inputs on role of key intermediaries involved, which is expected to help stakeholders in devising appropriate strategies. • This report presents a detailed quantitative analysis of the current trends and future estimations through 2016 and 2022, which assist in identifying the prevailing market opportunities.

9. Construction Equipment Market key Findings :- • Key findings of Construction Equipment Market: • In 2015, APAC was the largest revenue generating region, followed by North America. • Public works and rail road industry would account for around 45% of the global construction equipment market revenue by 2022. • Loaders was the largest revenue generating segment in 2015. • Lifting & material handling application is anticipated to be the fastest growing segment during 2016-2022. • Get Sample Copy For More Information:- • https://www.alliedmarketresearch.com/request-sample/652

10. Construction Equipment Market key Players :- • Construction Equipment Market Profiled Key Market Players:- • AB Volvo • Caterpillar Inc., • Komatsu Ltd., • Doosan Heavy Industries & Construction Co. Ltd., • Hitachi Construction Machinery Co. Ltd., • J.C. Bamford Excavators Limited, • Kobe Steel Ltd., • LiebherrGroup, • Atlas Copco AB, • CNH Industrial N.V • Get Sample Copy For More Information:- • https://www.alliedmarketresearch.com/request-sample/652

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