Heavy Construction Equipment Market Smarter Way Towards Industry 4.0 !!

1. 4/15/24, 3:17 PM Heavy Construction Equipment Market to Witness Substantial Press release Heavy Construction Equipment Market to Witness Substantial Growth, Outlook and Analysis 2030 03-13-2024 10:28 AM CET | Industry, Real Estate & Construction Press release from: Allied Market Research The global heavy construction equipment market size was valued at $176.2 billion in 2020, and is projected to reach $273.5 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030. Heavy construction equipment is heavy duty vehicles or machinery that are speci?cally built to execute construction activities, most commonly excavation, material handling, earthwork operations or other signi?cant construction tasks. The market is driven by investment in residential, commercial, and industrial sectors, global economic growth and increase in public-private partnership. However, increase in oil prices and higher carbon emission rate are some factors that hamper the growth of market. Heavy Construction Equipment Market Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/5331 The heavy construction equipment market is segmented into equipment type, which includes material handling equipment, heavy construction vehicles, earthmoving and others. Among these, the earthmoving equipment segment accounts for the largest market size by value, owing to low operating costs and rising demand from diverse sectors such as building and construction, infrastructure, mining, oil & gas and forestry. Excavators are construction vehicles that are used to dig up or transport large objects. Excavators are made up of two main components: a driving base and a strong boom arm with an excavation attachment. The arm is controlled by the operator, who sits in a compact cab linked to the base. Various key players are manufacturing advanced excavator machines for ef?cient work and reduce operational time. The material handling applications segment is anticipated to grow rapidly, with a CAGR of 5.4% during the forecast period, due to increased use of material handling equipment such as cranes and telehandlers in large building, construction, and mining operations. The heavy construction equipment is used in numerous industry verticals. The end-user industries analyzed in the report are construction, mining, infrastructure, manufacturing, oil & gas, and others. Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/5331 Expansion of construction industry in various countries has provided signi?cant opportunities for heavy construction equipment market growth. Region Analysis: By region, the market is analyzed across North America, Europe, Asia-Paci?c, and LAMEA. Asia-Paci?c was the highest revenue contributor in 2020. The heavy construction equipment market is expected increase owning to government initiatives related to infrastructure developments. For instance, in August 2021, India Union Minister of Road Transport and Highways has invested $3.4 billion for road project in Gujarat. Similarly, in March 2021, China government introduced $30 billion infrastructure plan, which includes new expressways, upgrading existing highways and road conditions. Competition Analysis The key market players pro?led in the heavy construction equipment industry report include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group and XCMG Group. Get Updates on Demands @ https://www.alliedmarketresearch.com/request-for-customization/5331 Key Findings Of The Study - The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics. https://www.openpr.com/news/3427116/heavy-construction-equipment-market-to-witness-substantial 1/2

2. 4/15/24, 3:17 PM Heavy Construction Equipment Market to Witness Substantial Depending on end-user, the construction segment dominated the heavy construction equipment, in terms of revenue in 2020 and manufacturing is projected to grow at a CAGR 5.3% during the forecast period. By type, the earthmoving equipment segment registered highest revenue in the heavy construction equipment market share in 2020. Asia-Paci?c is projected to register the highest growth rate in the coming years. The key players within the heavy construction equipment are pro?led in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the heavy construction equipment industry. Read Related Information: Cranes Market: https://www.alliedmarketresearch.com/cranes-market-A09424 Mining Equipment Market: https://www.alliedmarketresearch.com/mining-equipment-market About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com Read More: https://medium.com/me/stories/public This release was published on openPR. Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release. © 2004 - 2024 openPR. All rights reserved. https://www.openpr.com/news/3427116/heavy-construction-equipment-market-to-witness-substantial 2/2