Construction Equipment Market Analysis report emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Market.
Construction equipment are referred to as the heavy machinery used to execute construction activities, with most of them largely involved in earthwork operations along with other heavy tasks. These machines mainly function through the mechanical abilities of simple machine which in turn makes heavy construction tasks easier with lesser workforce. Some of the commonly used construction equipment are excavators, truck loader, grader, loader, just to name a few. With rapid urbanization and economic development across the globe, construction activities have seen a sharp rise, thus paving the way for the expansion of global construction equipment market.
Global construction market was valued at USD 208,300 million in 2022 and is anticipated to register a CAGR of 3.8% during the forecast duration of 2023-2033, thereby reaching a valuation of USD 308,540 million by the end of the analysis timeline.
Global Construction Equipment Market research report analyses top players in the key regions like North America, South America, Middle East and Africa, Asia and Pacific region. It delivers insight and expert analysis into key consumer trends and behaviour in market place, In addition to an overview of the market data and key brands. It also provides all data with easily digestible information to guide every businessman’s future innovation and move business ahead.
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Global Construction Equipment Market- Segment Analysis
By equipment type
Asphalt Finisher
Motor Grader
Backhoe Loader
Motor Scraper
Crawler Dozer
Articulated Dump Truck
Crawler Excavator
Rigid Dump Truck
Crawler Loader
Road Roller
Mini Excavator
Rough Terrain Lift Truck (RTLT) Masted
Wheeled Excavator
Rough Terrain Lift Truck (RTLT) Telescopic
Wheeled Loader <80 HP
Wheeled Loader >80 HP
Pick and Carry Crane.
Skid-Steer Loader
Compactor
By Equipment Category
Material Handling Equipment
Heavy Construction Vehicle
Earthmoving Equipment
Others
By Power Output
<100HP
101-200 HP
201-400 HP
>400 HP
By Engine Capacity
<5L
5L-10L
>10L
By Propulsion Type
Diesel
CNG/LNG/RNG
By Application
Commercial
Residential
Infrastructure
Global Construction Equipment Market- Competitive Hierarchy
The major players operating in the industry sphere are Caterpillar, Inc (US), Komatsu Ltd (Japan), Xuzhou Construction Machinery Group Co., Ltd (China), Sany Heavy Industries Co., Ltd (China), and Zoomlion Heavy Industry Science and Technology Co., Ltd (China), CATERPILLAR INC., DEERE & COMPANY, VOLVO GROUP, HITACHI CONSTRUCTION MACHINERY CO., LTD, LIEBHERR, CNH INDUSTRIAL, XCMG, DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD, TEREX CORPORATION, JCB, KUBOTA CORPORATION, KOBELCO CONSTRUCTION MACHINERY CO., LTD., SUMITOMO HEAVY INDUSTRIES, YANMAR CONSTRUCTION EQUIPMENT CO. LTD:, SUMITOMO HEAVY INDUSTRIES CONSTRUCTION CRANES CO., LTD, ATLAS COPCO AB, WRITGEN GROUP, HYUNDAI HEAVY INDUSTRIES, AMMANN, SANDVIK GROUP, ASTEC INDUSTRIES, KOBE STEEL LTD., MANITOWOC, GUANGXI LIUGONG MACHINERY CO., LIMITED and others.
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Key Points:
- Define, describe and forecast Construction Equipment product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including Construction Equipment driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international Construction Equipment trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the Construction Equipment opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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