Construction Machinery Market at a CAGR of 7.21% Rising Enterprise Efficiency and Dominated by Top Competitors (Caterpillar, Komatsu, Caterpillar, CNH Global NV, Doosan Infracore, Hitachi) and Global Forecast to 2023

Global Construction Machinery Market research report 2019 - 2023 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Overview of the Global Construction Machinery Market:

The Global Construction Machinery Market is anticipated to record a CAGR of 7.21% during the forecast period, 2018-2023. The increasing focus on infrastructure and development of automation in the construction and manufacturing processes had a significant impact on the market growth.

The Road Construction Machinery Market has witnessed significant growth in the recent past, owing to the increased road development programs undertaken by the central and state governments, especially in the Asia-Pacific countries.

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Growing demand from irrigation industry, increasing number of upcoming highway construction projects and advanced vehicles equipped with emission control systems are some of the factors expected to drive the construction machinery market, during 2017-2023 (the forecast period).

The demand for machines that are cost effective, along with regulatory pressures for lower emissions, is pressurizing construction-equipment manufacturers to opt for electric and hybrid vehicles over the traditional hydraulic and mechanical ones.

Geographically, the Asia-Pacific Construction Machinery Market is projected to register a CAGR of 8.60% during the forecast period. Asia-Pacific ranks first in the construction equipment market with major market share held by China, India and Japan. The progress of South-North water transfer plant project in China, anticipated to complete by 2050, would deploy various construction machinery either by leasing or owning the machinery, thus growing the demand for construction machinery over next three decades.

This comprehensive Construction Machinery Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Caterpillar Inc.

2 Komatsu Ltd.

3 Atlas Copco Construction And Mining

4 Caterpillar

5 CNH Global NV

6 Doosan Infracore Ltd

7 Hitachi Construction Machinery Co. Ltd and More……………

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technology Trends

5 Market Dynamics

6 Opportunities

7 Global Construction Machinery Market Segmentation, By Vehicle

8 Global Construction Machinery Market Segmentation, By Drive

9 Global Construction Machinery Market Segmentation, By Geography

10 Competitive Landscape

11 Company Profiles

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