Construction Equipment Market Forecast & Industry Overview to 2022

Construction Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $288.8 billion by 2022, registering a CAGR of 9.2% during the forecast period 2016-2022. Asia-Pacific is the largest market for construction equipment on account of substantial investments by the government in the manufacturing and infrastructure sector, followed by North America.

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Earth moving application segment held the largest market share in 2015, on account of relatively higher demand for equipment such as loaders and excavators. Lifting & material handling application segment is anticipated to witness fastest growth, with increasing usage in commercial construction activities

In terms of market by industries, Public works & railroad industry accounted for the largest share in 2015, as the equipment are extensively used for construction of roads, highways, airports, dams, and other such activities. The segment is anticipated to grow at the fastest rate during 2016-2022, on account of increasing number of infrastructure projects globally.

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The market is segregated by solution into products and services. The products segment occupies a prominent share of the overall market. However, service market, which includes leasing and repairing of the equipment; is expected to witness faster growth in developing countries due to increasing demand for leased and rented construction equipment among the low and mid-sized construction companies.

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.

Key market players profiled in the report are 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., Liebherr Group, Atlas Copco AB, and CNH Industrial N.V

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. The data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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