Construction Equipment Market size was valued at USD 177.82 Bn. in 2021 and the total revenue is expected to grow by 4.48% from 2022 to 2029, reaching nearly 252.49 Bn.
Construction Equipment Market Overview:
The study “Construction Equipment Market” aims to give cutting-edge market knowledge and assist decision-makers in making informed investment decisions. It also provides a detailed analysis of the global Construction Equipment Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
Market Scope:
The study focuses on the report’s growth possibilities, restrictions, and market analysis. The study uses Porter’s five forces analysis of the Construction Equipment industry to evaluate the influence of different factors such as supplier bargaining power, competitors, and competitive intensity
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Segmentation:
Construction equipment, also referred to as heavy equipment are used for carrying out construction operations. In addition to excavating and digging the earth, it is used for dozing, grading, hauling, compacting, and leveling materials. Several players are concentrating on reducing the fuel consumption of construction equipment at the moment due to growing environmental concerns and the growing need to promote energy conservation. However, the market’s growth is constrained by strict government rules over carbon emissions and changes in the price of oil. In addition, the demand for new investments in the industry is being driven by a consistent rise in residential property prices and an increase in housing demand. One of the main factors propelling the growth of the construction equipment market is the support of government efforts in developing nations.
Key Players:
• Caterpillar
• Hitachi Construction Machinery
• Komatsu Ltd.
• SANY Group
• Xuzhou Construction Machinery Group
• JCB
• Doosan Corporation
• Atlas Copco
• Deere & Company
• Bomag
• CASE Construction Equipment
• Ammann Group
• Hamm AG
• Martin Trailer Company
• MBW Inc.
• Thetford International
• Altrad Belle
• CNH Industrial America LLC
• AB Volvo
• Zoomlion Heavy Industry Science and Technology Co., Ltd
The research offers a competitive landscape based on a thorough examination of the important strategic advancements implemented by the top market participants in the Construction Equipment sector throughout time. The main players in the worldwide Construction Equipment market are as follows:
Regional Analysis:
The report has assessed the global Construction Equipment market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Construction Equipment market, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas.
COVID-19 Impact Analysis on Construction Equipment Market:
The worldwide effects of the coronavirus outbreak are already being seen and will have a considerable influence on the Construction Equipment market. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; a state of emergency declared in over thirty countries; a massive slowdown of the supply chain; stock market; falling businesses, growing panic among the people, and uncertainty about the future.
Key Questions Answered in the Construction Equipment Market Report are:
- How is the competitive scenario of the Construction Equipment market?
- Which are the key factors affecting the Construction Equipment market growth?
- Which region holds the maximum share in the Construction Equipment market?
- What will be the CAGR of the Construction Equipment market during the forecast period (2021-2027)?
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