Asia-Pacific Construction Equipment Market Outlook and Statistics - Leading Players

The Asia-Pacific Construction Equipment market is expected to garner $105.6 billion by 2020, registering a CAGR of 10.4% during the period 2015-2020. China dominates the market for construction equipment owing to rising urbanization and industrialization in this region. This region is also expected to grow rapidly during the forecast period.

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The Asia-Pacific Construction Equipment Market is segmented into type, solution type, application, industries, and countries. Among the applications of construction equipment, earth moving segment contributes the maximum share in the market and is expected to dominate & drive the market during the forecast period due to increased reconstruction and mining activities. The application of earthmoving and lifting & material handling collectively contributed more than 50% of the total market size by value in 2014.

This report provides a comprehensive analysis of

-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Market Segmentation
-Revenue Estimation by 2022

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The market is also bifurcated into solution type, product, and services. The product segment primarily drives the Asia-Pacific construction equipment market. The segment includes revenue generated from the sale of equipment such as dozer, excavator, crane, and loaders. By type, the Asia-Pacific market for construction equipment is dominated by loaders. This equipment is majorly used for earth moving purposes. The segment is expected to drive the market significantly by 2020, contributing more than 43.2% of the total market revenue throughout the forecast period. Apart from loaders, the crane is another construction equipment that is preferred due to its numerous applications in construction, mining and public works.

Country wise, the market is dominated by China throughout the analysis period due to the increased industrial and residential construction activities in this region, whereas the India market is expected to witness the fastest growth.

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