Global Construction Equipment Market 2018 Forecast & Companies – Caterpillar Inc, CNH Industrial, Doosan Group, Guangxi LiuGong Machinery Co., Ltd, Hitachi Construction Machinery Co. Ltd, John Deere, Kobelco Construction Machinery Co. Ltd, Komatsu Ltd

Global Construction Equipment market report added by MarketstudyReport.com is one of the most comprehensive research studies on Construction Equipment offering 297 data tables, 29 figures, covering 22 companies and regional outlook for 17 countries on segments covered in this report.

Meticulously analyzed in terms of pivotal industry segments, Global Construction Equipment market report effectively covers the scope of this space in terms By Product and the prominent contributors. Additionally, the report also outlines intriscate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

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The report extensively bifurcates the various contenders of Global Construction Equipment market. Prominent contributors such as Caterpillar Inc, CNH Industrial, Doosan Group, Guangxi LiuGong Machinery Co., Ltd, Hitachi Construction Machinery Co. Ltd, J.C. Bamford Excavators Limited, John Deere, Kobelco Construction Machinery Co. Ltd, Komatsu Ltd, Liebherr group, Metso Corporation, Palfinger AG, Sany Group, Sumitomo Heavy Industries Ltd, Tadano Ltd, Terex Corporation, The Atlas Copco Group, The Manitowoc Company, Inc, Volvo Construction Equipment have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

The Asia Pacific construction equipment market will witness a strong growth owing to the growing government focus toward the construction sector. Initiatives, such as Make in India and Made in China 2025, supporting the infrastructure sector will favor the industry growth. Initiation of projects, such as South-North Water Transfer Project in China, will propel the industry demand in the region. The development of smart city projects in Singapore will surge the demand for high-performance machinery.

The high initial and maintenance costs of the machinery discouraging the adoption of the equipment for small-scale construction projects will hinder the construction equipment market growth. Construction projects with limited monetary resources are still preferring traditional manual construction techniques over modern machinery. Equipment incorporated with the latest technologies, such as GPS and IoT, is further increasing the overall equipment cost, thereby restricting the construction equipment market growth.

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The incorporation of sensor systems and modern technologies into the material handling equipment will surge the demand for these machines. Bulk material handling systems facilitate fast and easy transfer of large volume of goods that are difficult to manage using human resources. Industrial trucks that are sturdy enough to enable the smooth transfer of heavy materials will propel the construction equipment market growth. Storage equipment enables accurate buffering and holding of materials over a period of time. The demand for automated storage and material handling equipment in warehouses will drive the construction equipment market growth.

Furthermore, the rise in the number of tall buildings and skyscrapers across various regions will surge the demand for cranes over the forecast timespan. For instance, in August 2017, Hapman, a material handling equipment manufacturer, announced an initiative with Dattus, an IIoT platform, to offer enhanced solutions to its customers.

Infrastructure refurbishment and modernization being the most significant factors responsible for the overall development of an economy are compelling several government organizations to invest heavily in the construction sector. Increasing government investments in the construction sector will surge the demand for sturdy construction machinery. Large-scale road and rail construction projects undertaken by government organizations will further stress the demand for construction equipment market. Tight project completion schedules are throwing light on the significance of the use of the advanced construction machinery.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 3. Industry Insights

Chapter 4. Construction Equipment Market, By Product

Chapter 5. Construction Equipment Market, By Region

Chapter 6. Company Profiles

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Related Report:

2018-2023 Global Compact Construction Equipment Consumption Market Report

Compact construction equipment is an emerging term used in the construction equipment industry, which refers to small units are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform tasks that were previously undertaken by heavy machinery.
The main advantages of compact construction equipment are that they are low cost, light weight, and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment. Categorisation is more dependent on the type of application performed in a particular sector. Generally, Mini Excavators, Compact Wheel Loaders, Multi Terrain Loaders, Compact Track Loaders and Skid Steer Loader are classified under compact construction equipment.

https://www.marketstudyreport.com/reports/2018-2023-global-compact-construction-equipment-consumption-market-report?utm_source=RR-AN

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