openPR Logo
Press release

What's driving the Construction Equipment Market growth? Top Companies are Caterpillar, Komatsu Ltd., Volvo Construction Equipment, CNH Industrial, Terex Corporation, XCMG Group, Hitachi Construction Machinery Co., Ltd., Zoomlion, Kobelco Construction Mac

06-14-2019 06:36 AM CET | Industry, Real Estate & Construction

Press release from:

/ PR Agency: Market Study Report LLC
Construction Equipment Market

Construction Equipment Market

Market Study Report LLC has added a new report on Construction Equipment market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Construction Equipment market in tandem with its competitive terrain.

The incorporation of sensor systems and modern technologies into the material handling equipment will surge the demand for these machines. Bulk material handling systems facilitate fast and easy transfer of large volume of goods that are difficult to manage using human resources. Industrial trucks that are sturdy enough to enable the smooth transfer of heavy materials will propel the construction equipment market growth. Storage equipment enables accurate buffering and holding of materials over a period of time. 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.

Request a sample of this premium report at:

The major players operating in the construction equipment market include Volvo Construction Equipment, Caterpillar, Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., CNH Industrial, 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.

Infrastructure refurbishment and modernization being the most significant factors responsible for the overall development of an economy are compelling several government organizations to invest heavily in the construction sector. Increasing government investments in the construction sector will surge the demand for sturdy construction machinery. Large-scale road and rail construction projects undertaken by government organizations will further stress the demand for construction equipment market. Tight project completion schedules are throwing light on the significance of the use of the advanced construction machinery.

Construction Equipment Market is anticipated to exceed USD 170 billion by 2024. The globally flourishing construction sector is surging the demand for high-performance machinery that aids in reducing human involvement in the construction process. 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.

Request a discount on standard prices of this premium report at:

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. 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 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.

Growth drivers
• Implementation of advanced technologies in construction equipment
• Increasing infrastructure investments globally
• Growing construction industry in China & India
• Rising equipment rental demand in North America & Europe
• Increasing rate of urbanization in the North America & Europe
• Increasing infrastructure and industrial projects in Russia
• Growing urbanization and safety concerns in India
• Growing reconstruction and maintenance activities in Japan
• Rapid infrastructure development in BRIC countries
• Recovering construction sector in Latin America
• Increasing investment in mining projects across Latin America & MEA
• Rising number of public private partnership projects in MEA

Table of Content:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and forecast parameters Definitions Assumptions, methodology and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Construction equipment industry 360º synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

Chapter 3. Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.2.1. Global construction equipment rental landscape North America Europe Asia Pacific Latin America MEA

3.2.2. Global used construction equipment landscape North America Europe Asia Pacific Latin America MEA

3.3. Industry ecosystem analysis

3.3.1. Pros and cons - rent vs purchase of construction equipment

3.3.2. Cost calculator - rent vs purchase of construction equipment

3.3.3. Technology providers

3.3.4. Vendor matrix

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1. ISO standards ISO 4310 ISO 8686 ISO 10245-1:2008 ISO 12480-1 ISO 23815-1 ISO 12482 ISO 23814 ISO 19432:2012

3.5.2. North America

3.5.3. Europe

3.5.4. Asia Pacific

3.5.5. Latin America

3.5.6. MEA

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.2. Industry pitfalls & challenges Cyclic instability of application industries Lack of skilled and qualified operators High initial cost Fluctuation in oil prices Cost associated with maintenance

3.7. Major infrastructure project statistics, by region

3.7.1. North America

3.7.2. Europe

3.7.3. Asia Pacific

3.7.4. Latin America

3.7.5. MEA

3.8. Growth potential analysis

3.9. Porter's analysis

3.10. Competitive market share analysis, 2017

3.10.1. North America U.S. Canada

3.10.2. Europe UK Germany France Italy Russia

3.10.3. Asia Pacific China India Japan South Korea

3.10.4. Latin America Brazil Mexico

3.10.5. MEA Saudi Arabia UAE South Africa

3.10.6. Strategy dashboard

3.10.7. Investment landscape

3.11. PESTEL analysis

Chapter 4. Construction Equipment Market, By Product

4.1. Key trends in construction equipment market, by product

4.2. Earthmoving & road building equipment

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013 – 2024

Purchase Complete Report at:

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150

About Us: allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

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 What's driving the Construction Equipment Market growth? Top Companies are Caterpillar, Komatsu Ltd., Volvo Construction Equipment, CNH Industrial, Terex Corporation, XCMG Group, Hitachi Construction Machinery Co., Ltd., Zoomlion, Kobelco Construction Mac here

News-ID: 1775176 • Views: 297

More Releases from

What's driving the Mobility on Demand Market Size? Al Futtaim Vehicle Rentals, A … Adds New Mobility on Demand Market 2019 - 2026 research report providing information and data By Service, By Business Model, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 320 Pages with table and figures in it. Mobility on Demand Market is expected to exceed USD 250 billion by 2026. The growing demand for alternative transportation modes over private vehicles is anticipated to
Electric Vehicle Charging Stations Market 2020 Global Analysis, Trends, Forecast …
The 2020-2026 report on Electric Vehicle Charging Stations explores the essential factors Of Electric Vehicle Charging Stations industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts. The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to a new study published by the marker research report. The report 'Electric Vehicle Charging Stations Market By Charger Type (Slow Charger,
Smart Lighting Market Are Anticipated to Lucrative Growth Opportunities In The F …
According to the research report titled 'Smart Lighting Market Size By Component, By Technology, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025', available with Market Study Report LLC, the global smart lighting market is expected to surpass USD 23 billion by the year 2025. Rising adoption of LED lighting systems and recent government reforms which encourage efficient lighting technologies are major factors
What's driving the Electric Vehicle Charging Stations Market trends? Key Players …
According to Market Study Report, Electric Vehicle Charging Stations Market provides a comprehensive analysis of the Electric Vehicle Charging Stations market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Electric Vehicle Charging Stations market. The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to

All 5 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the