openPR Logo
Press release

Why the Construction Equipment Market is set to explode? Top Companies : Caterpillar Inc., Komatsu America Corp., Hitachi Construction Machinery Australia, Liebherr Group, CNH Industrial, Hyundai Heavy Industries Co., and Terex Corporation Ltd.

06-19-2019 01:55 PM CET | Industry, Real Estate & Construction

Press release from: Fortune Business Insights



The global construction equipment market is likely to grow considerably in the coming years, due to increasing government investment in infrastructure development.

Volvo Construction Kicks-off an Exciting Line-up of Upcoming Products
The global construction equipment (CE) market has benefited from several product launches in recent years. The contribution from renowned companies will aid the growth of the global market. In 2018, Volvo Construction Equipment (Volvo CE) made its debut in the CE market in China. Volvo CE highlighted its newest products and aimed to highlight some of the standout concepts that were in practice for the first time. Volvo announced that it plans to bring 11 new products in the market. The company boasts an impressive portfolio and the addition of new products, along with its expansion in China will add to the commercial success. This, in turn, will lead to the growth of the global construction equipment market in the forthcoming years.

Get Sample Report@

According to a report published by Fortune Business Insights, titled “Construction Equipment Market: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 128.46 Bn in 2018. Fortune Business Insights states that the market will be valued at US$ 186.42 Bn by the end of 2026, thereby exhibiting a CAGR of 4.8%.
Demand for Improved Road Infrastructure to Fuel Demand
Construction equipment manufacturers have been encouraged by the high demand for CE.

Fortune Business Insights states that the increase in demand will result mainly from the outcry over improved road infrastructure from end users, around the world. Given the fact that road conditions in developing or undeveloped nation cannot necessarily meet the standards, demand for construction equipment can be inclined towards these nations. Besides road infrastructures, the global construction equipment market also derives growth from the demand in mining and irrigation projects.

Innovations in CE will Bolster Product Sales
Construction equipment vary from compact sizes to large machinery and equipment. Due to this, the scope for potential in innovations is more. The incorporation of embedded technologies in machinery and equipment will lead to a subsequent rise in demand. The report signifies the impact of innovations in construction equipment on the global market. In April 2019, Carraro introduced e-mobility service in compact construction equipment.

The products would be integrated with electric energy to ensure optimized efficiency. Carraro plans to extend its application knowledge of electric Powertrain or simple E-powertrain to the construction and equipment segment. The integration of e-mobility will add flexibility to its construction equipment services. The electric mobility was aimed at increasing performance reducing time constraint for compact equipment. Carraro’s latest product offering will not only help expand its own business but will also aid the growth of the global construction equipment market and will continue to boost the market during the forecast period.

Fortune Business Insights gives insights into some of the leading companies and their product offerings in the global construction equipment market, in this report. In addition to products, Fortune Business Insights gives a brief overview of the global market and gauges the impact of these companies on the global construction equipment market.

Some of the leading companies that are operating in the global construction equipment market are
AB Volvo, Caterpillar Inc., Komatsu America Corp., Doosan Infracore, Hitachi Construction Machinery Australia, J.C. Bamford Excavators Limited, Liebherr Group, CNH Industrial, Hyundai Heavy Industries Co., Ltd, and Terex Corporation

Know More@

Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
+1 424 253 0390

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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 Why the Construction Equipment Market is set to explode? Top Companies : Caterpillar Inc., Komatsu America Corp., Hitachi Construction Machinery Australia, Liebherr Group, CNH Industrial, Hyundai Heavy Industries Co., and Terex Corporation Ltd. here

News-ID: 1781090 • Views: 299

More Releases from Fortune Business Insights

Medical Lifting Slings Market - How COVID19 impacting the healthcare industry? K …
Medical Lifting Slings Market Size, Share and Global Trend By Product (Seating Slings, Standing Slings, Bariatric Slings, Toileting Slings, Universal Slings), By Usage (Reusable, Disposable), By End-User (Hospitals, Nursing Homes, Assisted Living Facilities) and Geography Forecast till 2026. Get Sample Report To Know The Impact of Covid19 on Medical Lifting Slings Market: Top Key Players: Joerns Healthcare LLC, Invacare Corporation, GF HEALTH PRODUCTS, INC, Argo Medical, Etac AB, Prism Medical UK,
What's driving the Road Transport Refrigeration Market - What will be the Short- …
As per the Report by Fortune Business Insights report, titled "Road Transport Refrigeration Unit (Equipment) Market Size, Share and Industry Analysis, By Install Vehicle (Van and Light Truck, Heavy Truck, Trailer), By Mode of Operation (Single Temperature, Multi-Temperature), By Power Source (Vehicle Powered, Self-Powered), By Application (Food and Beverage Products, Pharmaceutical and Other Healthcare Products, Floral Products) and Regional Forecast, 2019-2026", the market size in 2018 was 221.3 thousand units.
What's driving the Small Cell 5G Network Market Market - What will be the Short- …
According to the Fortune Business Insights report, titled "Small Cell 5G Network Market Size, Share & Industry Analysis, By Application (Residential & SOHO, Enterprises and Others), By Communication Infrastructure (Femtocell, Metrocell, Picocell and Microcell), and Regional Forecast, 2019-2026". The Global Small Cell 5G Network Market size is set to reach USD 15,951.7 Million by 2026, displaying an astounding CAGR of 81.9% during the forecast period. Growing awareness about the advantages of small
What's driving the Proton Exchange Membrane Fuel Cell (PEMFC) Market - What will …
According to the report, published by Fortune Business Insights in a report titled, "Proton Exchange Membrane Fuel Cell (PEMFC) Market Size, Share & Industry Analysis, By Application (Transport, Stationary, Others), and Regional Forecast, 2019-2026" The report offers superior insights into the global proton exchange membrane fuel cell (PEMFC) market. The global proton exchange membrane fuel cell (PEMFC) market is projected to reach USD 47.60 billion by 2026, exhibiting a CAGR of

All 5 Releases

More Releases for Construction

Global Construction Chemicals Market
The driving factor for the Construction Chemicals Market are due to Rising strong demand for construction chemicals, including concrete and cement admixtures, waterproofing chemicals, rise in growth of emerging economies and governments are investing heavily in infrastructure and housing development will be factor of growth in construction chemical market. Lack of awareness and high investment in the product will be the restrains for Construction Chemicals Market. Global Construction Chemicals Market Global Construction
Dam Monitoring During Construction
Intelligent Geo Data Logger Reads Vibrating Wire Sensors A hydroelectric dam under construction in Serbia required monitoring of several environmental and structural properties to guarantee long-term strength and stability. Therefore the dam’s construction engineers put forth a proposal for a large number of geotechnical sensors to be installed and used during construction. These sensors included vibrating wire piezometers, joint meters, fill extensometers, and strain gages. Each sensor needed to interface with
Commercial Construction in Indonesia
Commercial Construction in Indonesia Overview "Commercial Construction Market in Indonesia: Market Size, Growth and Forecast Analytics to 2021" contains historic and forecast market data for the commercial construction market in Indonesia, with a detailed breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition) and by cost type( construction materials, construction equipment and construction services). This report also contains overall values of the commercial construction segments such as
Global Construction Outlook 2022
The Construction Intelligence Center (CIC) has revised upwards its forecast for growth in the global construction industry. In line with improved performance in some major markets and a brighter outlook for the global economy, the CIC now expects the pace of expansion in the global construction industry to average 3.7% a year over the forecast period (2018-2022), compared with 3.6% in the December 2017 forecast update. In real value terms
Building Openings Construction Manual
Every architect has to reflect on building openings, since every house has windows and doors. They are the interface between indoor and outdoor spaces, essential functional and design elements of facades which provide light, ventilation and climate control. What sounds so simple has become a highly complex matter in times of energy planning. DETAIL is now publishing a comprehensive standard and reference work on the subject: the Building Openings Construction
Airhart Construction Grand Opens
Airhart Construction is preparing to unveil a new fully furnished Farmington model on Saturday, October 22 at Fisher Farm, its low-maintenance community of 71 semi-custom single-family homes in Winfield. The debut of the new model—featuring Airhart Construction’s most in-demand floorplan—is good news for buyers who desire a customizable design, open layout, and plentiful standard amenities, said Christy Whelan, director of sales for Airhart Construction. “Even more exciting news is,” Whelan added, “is