Construction Equipment Market Trend 2019-2024 Global Players are Volvo Construction Equipment - Volvo CE, Caterpillar Inc., Terex Corporation, CNH Industrial N.V., Liebherr Group
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.
Request for a sample copy of this report @
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 rapid growth in the number of construction activities is exerting pressure on the existing human resources. The demand for sophisticated construction equipment that reduces the overall capital investment will contribute to the construction equipment market growth.
Construction Equipment Market, By Product
• Earthmoving & Road Building Equipment
• Compaction Equipment
• Material Handling & Cranes
• Storage & Handling Equipment
• Engineered Systems
• Industrial Trucks
• Bulk Material Handling Equipment
• Concrete Equipment
• Concrete Pumps
• Transit Mixers
• Asphalt Pavers
• Batching Plants
Make an Inquiry for Purchasing this Report @
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. Industrial trucks that are sturdy enough to enable the smooth transfer of heavy materials will propel the construction equipment market growth.
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.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/construction-equipment-market
The major players operating in the construction equipment market include Volvo Construction Equipment - Volvo CE, CNH Industrial N.V., Caterpillar, Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., Kobelco Construction Machinery Co., Ltd., Terex Corporation, Liebherr, and Sany Group. The industry is characterized by new product launches and expansion of product portfolio to enhance its market presence. Competitive pressure in the industry is compelling the industry participants to invest in new technologies, which will favor the construction equipment market growth.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Construction Equipment Market Trend 2019-2024 Global Players are Volvo Construction Equipment - Volvo CE, Caterpillar Inc., Terex Corporation, CNH Industrial N.V., Liebherr Group here
News-ID: 1677514 • Views: 1009
More Releases from Global Market Insights, Inc.
Europe sodium silicate market is set to witness increasing demand over 2020-2024
Europe sodium silicate market is set to witness increasing demand over the forecast timeframe. In 2016, Europe accounted for more than 20% of the global sodium silicate market share. The region’s environmentally friendly regulations and increasing awareness would be increasing wastepaper recycling demand, stimulating industry growth during the forecast period. Owing to the integral nature of sodium silicate in a number of high-revenue application segments and the anticipated rise in
North America Thermal spray coating market to experience strong demand across ae …
Regionally, North America will emerge as a profitable revenue pocket for thermal spray coating market share in the coming years. High purchasing power among people in the region is supporting expansion in various sectors such as automobiles, aerospace, healthcare and construction. In 2016, North America thermal spray coating market size with respect to revenues was valued at over USD 2.3 billion due to the need to achieve cost optimization in
Increasing consumer inclination towards compact devices to bolster liquid crysta …
Shifting trends towards miniaturization of electronic components is poised to drive global liquid crystal polymer (LCP) market size, along with growing consumer demand for sleek and compact electronic devices. Liquid crystal polymers are high performance engineering plastics based on p-HPA (hydroxy phthalic acid) and related monomers. It has wide application outlook in consumer goods packaging owing to its superior mechanical & physical properties and processability. Liquid crystal polymers find wide range
Sodium sulfide market size is slated to top $665 mn by 2024, pulp & paper applic …
Sodium sulfide market from pulp & paper application is projected to garner robust CAGR of 6.5% through 2024, mainly attributed to demand growth of tissue and packaging papers in APAC, Europe and South America. It is worth mentioning that the product has become highly sought-after in processing of bamboo, wood, bagasse fibers to pulp and bleaching of the pulp that bolster the strength of paper. Get sample copy of this research
More Releases for Equipment
Pharmaceutical Packaging Equipment Market
The Global Pharmaceutical Packaging Equipment Market is expected to grow from USD 62235.24 Millions in 2018 to USD 98562.24 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.78%. Get Free Sample: https://reports.valuates.com/request/sample/360I-Auto-4F48/Global_Pharmaceutical_Packaging_Equipment "Growing pharmaceutical industry in emerging economies is one of the factors largely attributing to the growth of the Global Pharmaceutical Packaging Equipment Market " View Full Report: https://reports.valuates.com/market-reports/360I-Auto-4F48/global-pharmaceutical-packaging The factors attributing to the growth of the
Personal Protective Equipment (PPE)
Personal Protective Equipment (PPE) Market research report examines adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, Personal Protective Equipment (PPE) industry ecosystem, and revenue chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Personal Protective Equipment (PPE) market. The report is thoroughly segmented by product type, application, vertical, and region. The points that are discussed within
Global OTN Equipment Market
This report presents the worldwide OTN Equipment market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The optical transport networking (OTN) is an industry standard protocol that provides a
Welding Equipment Market 2024
Flourishing automobiles and construction industries are cropping up owing to rapid industrialization worldwide. With rapid development in various companies, various countries have increasingly adopted welding technology such as resistance welding, oxy-fuel welding, and laser welding. For various industries such as transport industry, fabric industry and automotive segment, welding is an imperative procedure. With the ever changing technology breaking traditional barriers, welding equipment Market market has further witnessed development for application in
Industrial Radiography Equipment Market
In this non-destructive technique the materials are exposed to X-rays or gamma radiations. These radiations help to inspect the defects as they become visible with the exposure. The need for material inspection has risen widely in the industries. Therefore product launches and technological advancements in the products are driving the growth of the market. The Global Industrial Radiography Equipment Market valued at USD 497.23 million in 2017 and is expected
Dental Surgical Equipment Market
Regular consumption of tobacco and unhealthy foods are the major causes of dental diseases. Some of the major dental diseases are plaque, cavities and periodontal disease. Plaque is an excessive accumulation of the bacteria and germs that normally live in mouth. Cavities are holes where bacteria damages tooth's enamel. Periodontal disease is one of the major serious dental disorders that cause gum recession and damages soft and hard tissues. Some