What's driving the Construction Equipment Market Growth? Prominent Players: Caterpillar Inc., Komatsu America Corp., Hitachi Construction Machinery Australia, Liebherr Group, CNH Industrial, Hyundai Heavy Industries Co., and Terex Corporation Ltd.
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@ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/construction-equipment-market-100521
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@ https://www.fortunebusinessinsights.com/industry-reports/construction-equipment-market-100521
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
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.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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? Prominent Players: Caterpillar Inc., Komatsu America Corp., Hitachi Construction Machinery Australia, Liebherr Group, CNH Industrial, Hyundai Heavy Industries Co., and Terex Corporation Ltd. here
News-ID: 1781138 • Views: 133
More Releases from Fortune Business Insights
Veterinary Diagnostics Market 2020 Global Size, Share and Top Key Players- Rando …
The Global Veterinary Diagnostics Market is likely to expand in the coming years, according to a report published by Fortune Business Insights, titled "Veterinary Diagnostics Market Size, Share and Global Trend By Animal Type (Livestock, Companion), By Product (Instruments, Consumables), By Modality (Molecular Diagnostics, Diagnostic Imaging, Hematology Analyzers, Immunodiagnostic Tests,Clinical Biochemistry), By End User (Veterinary Hospitals, Veterinary Clinics) and Geography Forecast till 2026". For more information in the analysis of
What's driving the Chillers Market Growth? Daikin, Johnson Controls, Johnson Con …
The Global Chillers Market will grow considerably driven by recent product advancements and wider application scope. According to a report published by Fortune Business Insights, titled "Chillers Market Size, Share and Industry Analysis, By Type (Screw Chillers, Scroll Chillers, Centrifugal Chillers, and Others), By Application (Chemicals and Petrochemicals, Food and Beverages, Plastics, Rubber, Medical, and Others), and Regional Forecast, 2019-2026," The market was valued at USD 9.65 billion in 2018 and
Why the Industrial Seals Market is set to explode? Top Companies: Cree Inc., Pan …
As per the report, Industrial Seals Market Size, Share and Industry Analysis, By Type (Axial Seals, Radial Seals and Mechanical Seals), By Industry (Mining, Food and Beverage, Oil and Gas, Energy and Power, Aerospace, Marine, Construction, Others (Chemicals, etc.) and Regional Forecast, 2019-2026." The Global Industrial Seals Market was valued at USD 10.78 Billion in 2018 and is expected to reach USD 16. Billion by 2026, exhibiting a CAGR of 5.3%. The
What's driving the Virtual Reality in Manufacturing Industry Growth? Prominent P …
According to a report published by Fortune Business Insights, titled "Virtual Reality in Manufacturing Industry Size, Share & Industry Analysis, By Component (Hardware, Software, Content), By Application (Product Design and Development, Safety and Training, Maintenance and Repair, and Communication & Collaboration), and Regional Forecast, 2019-2026," Virtual reality is one such concept that has helped overcome several downfalls that were initially present in the manufacturing industry. The use of virtual reality
More Releases for Volvo
Global Intelligent Excavator Market 2019 - Volvo, Doosan, Hyundai, Sunward
A new market research study by Apex Market Research has projected that Intelligent Excavator revenues will exceed $XX Billion by 2023 at a CAGR of XX%. Market statistics is published in Global Intelligent Excavator Market 2019-2026 report. The Global Intelligent Excavator Market 2019-2026 report delivers comprehensive information about the Intelligent Excavator industry including valuable facts and figures, important aspects, and skilled opinions providing businesses with decisive information. The report covers global
World Self-driving Vehicles Market 2018 - Google, Nissan, Volvo
Apex Market Reports, recently published a detailed market research study focused on the “Self-driving Vehicles Market” across the World, regional and country level. The report provides 360° analysis of “Self-driving Vehicles Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the World PP Pipe industry, and estimates the future trend of Self-driving Vehicles on
Global Excavator Backhoes Market 2018 - Caterpillar, Volvo, Geith, John Deere
The statistical surveying information incorporated into the Excavator Backhoes report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Excavator Backhoes based on makers, item compose, applications, and Region. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Excavator Backhoes advertise covering key factors, for example, drivers and
Global Combustion Chamber Market 2018- Volvo, Renault, Volkswagen, Yanmar Compan …
Apex Market Reports, recently published a detailed market research study focused on the "Global Combustion Chamber Market" across the global, regional and country level. The report provides 360° analysis of "Global Combustion Chamber Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Combustion Chamber industry, and estimates the future trend of Global
Autopatrol Market Size 2017 Caterpillar, VOLVO, Komatsu, John Deere
Autopatrol Market Research Report A market study ” Global Autopatrol Market ” examines the performance of the Autopatrol market size 2017. It encloses an in-depth Research of the Autopatrol market state and the competitive landscape globally. This report analyzes the potential of Autopatrol market in the present and the future prospects from various angles in detail. The Global Autopatrol Market 2017 report includes Autopatrol market Size, Revenue, market Share, Autopatrol industry volume,
Global Excavator Market- Volvo, Hyundai, Hitachi, Komatsu, Doosan,
Global Industry Study Evaluate on Excavator Market by Type Manufacturers Regions and Application Forecast up to 2022 The scope of the Excavator Report: This report primarily focuses on Excavator in the global market. This report generally covers Excavator market in North America Excavator market in Asia-Pacific Excavator market in Europe Excavator market in Latin America Middle as well as Africa. This report partitions the Excavator market based on Application Manufacturers Countries as