Construction Equipment Market

1. “Meticulous Research® Projects Hearing Construction Equipment Market to Reach $236.9 Billion by 2031” pen_spark” J

2. Hearing Aids Market 2024-2031 Meticulous Research® Unveils New Report: Construction Equipment Market Forecast to Surpass $236.9 Billion by 2031 Meticulous Research®, a prominent global market research firm, has released a comprehensive report titled "Construction Equipment Market by Type (Material Handling, Earth Moving, Concrete and Road Construction, Others), Propulsion Type (ICE, Electric, Others), End User (Construction, Government, Private Contractor, Others), and Geography - Global Forecast to 2031." According to the report, the construction equipment market is anticipated to exceed $236.9 billion by 2031, registering a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Download Sample Report Here @https://www.meticulousresearch.com/download- sample-report/cp_id=5847 vMarket Dynamics and Growth Drivers The market's growth is primarily driven by increased government investments in construction and infrastructure development, alongside the rising demand for enhanced efficiency, productivity, and safety in construction projects. Additionally, the growing trend toward automation in construction equipment is expected to present significant growth opportunities. However, stringent international trade policies, coupled with the high costs of construction equipment, may pose challenges to market growth. Moreover, the shortage of skilled equipment operators remains a critical issue affecting the market's expansion. Emerging Trends in Construction Equipment The report also identifies key trends shaping the market, including the rising demand for compact construction equipment and the growing adoption of electric construction machinery. Market Segmentation and Key Insights The construction equipment market is segmented by type, propulsion type, and end user. The report also provides a detailed analysis of industry competitors and evaluates market trends at the regional and country levels. •By Type: The market is categorized into material handling equipment, concrete and road construction equipment, earth-moving equipment, and other construction machinery. In 2024, material handling equipment is expected to dominate the market, accounting for 40.0% of the total share. This dominance is attributed to the rapid industrialization globally, modernization of industrial infrastructures to boost production capacity, and the growing need for efficient material handling solutions. The segment’s growth is further supported by the ongoing product innovations by market players. For instance, in October 2023, Hyundai Construction Equipment India launched new excavators, forklifts, and wheel loaders to strengthen its position in the industry. The earth-moving equipment segment, however, is projected to exhibit the highest CAGR during the forecast period, driven by increased investments in construction projects and rising Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Hearing Aids Market 2024-2031 demand for earth-moving machinery in various applications, such as foundation laying, soil grading, and demolition works. Strategic partnerships, such as the one between CanLift Equipment Ltd. (Canada) and Xuzhou Construction Machinery Group Co., Ltd (China) in January 2022, are also contributing to the segment’s growth. •By Propulsion Type: The market is segmented into ICE (Internal Combustion Engine), electric, and CNG/LNG. The ICE segment is expected to maintain its leading position in 2024, holding 53.0% of the market share. This dominance is due to the high power-to-weight ratio and lower costs associated with ICE construction equipment. Market players are also expanding their product portfolios in this segment, as evidenced by Crown Equipment Corporation's (U.S.) launch of IC and electric forklifts in January 2023. The electric segment, on the other hand, is forecasted to grow at the highest CAGR during the forecast period. The advantages of electric construction equipment, such as lower operating costs and minimal maintenance requirements, along with supportive government initiatives, are driving this growth. For example, in February 2023, Action Construction Equipment Ltd. (India) introduced an electric crane with a lifting capacity of 180 tons. •By End User: The market is divided into construction companies, government agencies, private contractors, aerospace & defense companies, mining companies, and others. In 2024, construction companies are expected to account for 55.0% of the market share, driven by increased infrastructure investments globally and the adoption of advanced equipment to improve project efficiency. The shortage of labor in the construction sector is also prompting the adoption of such technologies. This segment is also projected to witness the highest growth rate during the forecast period, fueled by investments from leading companies in developing advanced construction machinery. For instance, Skanska (Sweden) launched a pilot project in September 2023 featuring a zero-emissions electric excavator for the Los Angeles Metro’s Purple (D Line) Extension Transit Project. Geographical Insights Geographically, the construction equipment market is segmented into North America, Asia- Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to dominate the market, accounting for 45.0% of the global share. The region's growth is driven by significant investments in construction projects, a focus on sustainability, rapid real estate sector expansion, and the development of rail and road infrastructure. The Asia-Pacific market is also projected to grow at the highest CAGR of 7.0% during the forecast period. The increasing demand for sustainable construction equipment and strategic initiatives by key players, such as Volvo Construction Equipment's establishment of a new dealership in Malaysia in July 2023, are key factors contributing to this growth. Key Market Players Leading players in the construction equipment market include Caterpillar (U.S.), CNH Industrial N.V. (U.K.), Deere & Company (U.S.), Doosan Corporation (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), J C Bamford Excavators Ltd. (U.K.), Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Hearing Aids Market 2024-2031 Komatsu Ltd. (Japan), KUBOTA Corporation (Japan), LIEBHERR (Switzerland), Volvo Group (Sweden), SANY Group (China), MANITOU Group (France), Wacker Neuson SE (Germany), Terex Corporation (U.S.), and Hyundai Construction Equipment Co., Ltd. (South Korea). Read Full Report : https://www.meticulousresearch.com/product/construction- equipment-market-5847 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value- driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com