Heavy Construction Equipment Market Size to Grow at Highest CAGR from 2011 To 2021 - Mahindra Construction Equipment, Shreeji Earthmovers, Hitachi, Kayaba Industry, Komatsu, Caterpillar, Hyundai Heavy Industries, JCB, Bharat Earth Movers

Market Research Future has released a report analyzing the Asia Pacific (APAC) heavy construction equipment market which spans ten years. The study indicates that the APAC heavy construction equipment market will grow at a CAGR of 8.2% during the forecast period of 2011 to 2021. On a global scale, the APAC accounts for over 50% of the heavy construction equipment market. This is primarily due to the high infrastructural development and rising construction activities.

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Key Players

Mahindra Construction Equipment, Shreeji Earthmovers, Hitachi, Kayaba Industry, Komatsu, Caterpillar Inc., Hyundai Heavy Industries, JCB, Bharat Earth Movers, and Terex are some of the leading market players profiled in MRFR's report.

The heavy involvement of governments in the development of these regions due to rapid urbanization and globalization has increased the use of heavy construction equipment. Moreover, the region possesses a massive population which has increasing disposable incomes as the region is urbanizing swiftly. This ever-expanding urban population has increased the demand for housing complexes and other residential properties, thus driving the use of heavy construction equipment. Several regions are dedicatedly making infrastructural changes to make cities and urban areas "smart." This requires updating of present infrastructure and integrating it with new infrastructure. High economic growth will lead the market to expansion opportunities over the assessment period.

High costs associated with construction equipment make them a heavy investment, which is likely to restrain the market. However, there is a high scope for construction activities over the forecast period and beyond which will likely encourage heavy investments in the market.

Market Segmentation

The report segmented the market for nuanced analysis on the basis of types, applications, end-users, and region. By types, the market is segmented into material handling equipment, heavy construction vehicles, earthmoving equipment, and others. The others segment further includes excavator, dozer, and cranes. By application, the market is categorized into transportation, lifting, earthmoving, mining & excavation, material handling, and others. By end-users, the market is segmented into military, mining, agriculture & forestry, oil & gas, construction industry, and others.

Regional Analysis

The APAC market is segmented into India, Japan, China, and the Rest of APAC. The APAC is the fastest growing market across the globe for its demand and use of heavy construction equipment. The presence of several market-leading players in the region with new product launches and increasingly sophisticated technology spurs the regional market. India and China have a high number of construction activities, with India heavily investing in infrastructural development. Education, healthcare, and transportation are among the key sectors were heavy construction equipment are regularly used. The APAC region displays potential for global expansion due to the presence of key players in the region. Moreover, APAC is an industrial hub where there is a high production of such construction equipment due to low operating costs and the availability of cheap labor.

Latest Industry News

John Deere and Wacker Neuson are partnering in a supplier agreement for the provision of compact excavators in China, South East Asia and other parts of APAC

Caterpillar recently launched the next generation of excavators and revealed plans to invest in the construction sector in India heavily. The new machines were manufactured near Chenna and offer various improvements and benefits.

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Table of Contents

1 Introduction

2 Research Methodology

3 Asia-Pacific Heavy Construction Equipment Industry: Overview

4 Market Dynamics

5 Asia-Pacific Heavy Construction Equipment Industry: Value/Supply Chain Analysis

6 Asia-Pacific Heavy Construction Equipment Industry: Porter's 5 Forces Analysis

7 Asia-Pacific Heavy Construction Equipment Industry: Market Value & Volume Forecast (2016-2027)

8 Asia-Pacific Heavy Construction Equipment Industry: By Product Type

9 Asia-Pacific Heavy Construction Equipment Industry: By Application Type

10 Asia-Pacific Heavy Construction Equipment Industry: By End Users Type

11 Asia-Pacific Heavy Construction Equipment Industry: By Country

12 Company Landscape

13 Company Profile

14 MRFR Conclusion

Continued…….

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This release was published on openPR.