Press release
Construction Equipment Market Global Monitoring Sales, Outlook, Opportunity And Demand Analysis Forecast by 2023
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The huge demand for heavy construction equipment from emerging economies is an opportunity witnessed in the global market. The major restraints in the market include high cost of heavy construction equipment.
Construction equipment is specially designed machinery used for construction operations. Construction equipment is used for functions including hauling, drilling, paving, excavating and grading. The types of construction equipment used include earthmoving equipment, material handling equipment, and heavy construction vehicles and equipment.
One of the major developments observed in the global construction equipment market is new product development. The requirements of the manufacturers for adhering to standards set by government for construction equipment makes it essential for the manufacturers to continuously invest in research and development activities and come up with innovative solutions.
Read summary of report : https://www.psmarketresearch.com/market-analysis/construction-equipment-market
The major players operating in the global construction equipment market include Caterpillar Inc., CNH Industrial, Hyundai Heavy Industries Co. Ltd., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, J.C. Bamford Excavators Limited (JCB), Komatsu Ltd., Liebherr Group, Kobe Steel Ltd. (Kobelco), and Deere & Company.
Global Construction Equipment Market Segmentation
By Application
Earth moving
Transportation
Excavation & Demolition
Heavy Lifting
Tunneling
Material Handling
Recycling & Waste Management
By Type
Loader
Crane
Forklift
Excavator
Dozer
Other
By Industries
Oil & Gas
Infrastructure
Forestry & Agricultural
Manufacturing
Military
Mining
By Geography
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Italy
Spain
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia Pacific
Rest of World (RoW)
South Africa
Rest of RoW
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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