Global Heavy Construction Equipment Market to 2025 - Analysis and Forecasts by Leading Players Caterpillar, Komatsu, Liebherr Group, Doosan Infracorre, Deere & Company, AB Volvo

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global heavy construction equipment market based on type, application and industry. It also provides market size and forecast till 2025 for overall heavy construction equipment market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 15 counties globally along with current trend and opportunities prevailing in the region.

The key players influencing the market are AB Volvo, Caterpillar, Komatsu Ltd., Hitachi Construction Equipment, Liebherr Group, Terex Group, Doosan Infracorre Co., Ltd., Hyundai Heavy Industries Co., Ltd., Deere & Company and Zoomlion Heavy Industry Co., Ltd.

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Demand for affordable housing has increased along with rise in demand for social, transport, and utility infrastructure. Governments across the world have launched various plans to provide affordable housing at lucrative interest rates. Initiatives to provide affordable housing to the middle- and low-income group is expected to further boost residential development. In addition, limitation of horizontal expansion due to limited availability of land has forced developers to adopt construction practices for high-rise buildings. This, in turn, is likely to fuel the demand for heavy duty construction equipment over the forecast period.

Rise in prominence of Chinese vendors in the industry has been observed in the last few years. Manufacturers in China have capitalized on government-funded infrastructure projects and are continuously evolving by acquiring European vendors. For instance, Liugong Machinery Co. Ltd., a leading manufacturer of wheeled loaders in China, acquired bulldozer manufacturer Dressta in 2012. Manufacturers in China are growing at an exponential rate and investing in the expansion of their facilities.

Heavy Construction Vehicle are heavy duty vehicles and they are specially designed for construction task such as lifting, material handling and excavation and they can also be used for transportation purpose. Heavy Construction Equipment are the most suitable machine for digging below the machine level. The main feature of Heavy Construction Vehicle is the vertical lifting of material from one place to another.

There is a tremendous growth in the heavy construction equipment market due to the residential, industrial and commercial construction activities. The growing demand for technology that provides better efficiency, material handling and safety features will drive the market for heavy construction equipment. Increasing government initiatives towards infrastructure development will further boost the market of heavy construction equipment in the coming years.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

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