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.
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@ 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-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
+1 424 253 0390
Email: sales@fortunebusinessinsights.com
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:
Copy
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: 1783355 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Volvo
Diesel Engines Market In-depth Insights, Business Opportunities and top companie …
The Global Diesel Engines Market is estimated to be valued at USD 213.72 Bn in 2025 and is expected to reach USD 292.79 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.
The latest report titled "Diesel Engines Market" Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2032. offering a comprehensive and in-depth analysis of the industry. The report provides key insights into current market…
L1 Self-driving Vehicle Market by Top Leading Manufacturers - GM, Ford, Daimler( …
Market Insights Reports released a new study on 2021-2027 L1 Self-driving Vehicle Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.
The Global L1 Self-driving Vehicle Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the L1 Self-driving Vehicle market and its market dynamics for the period 2021-2027. It covers a detailed…
Heavy Haulage Trucks Market Key manufacturers - Swedish truck manufacturer, Volv …
Heavy haulage trucks are mainly used for transportation of freight cargo ranging from seed and grain to gravel and earthworks supplies. Present-day heavy haulage trucks offer safer, reliable, and efficient transportation of goods and are equipped with satellite tracking technology that can monitor location, speed, driving hours and other important information. Rapid growth in infrastructural development activities across the globe is one of the key factors driving the demand for…
Wärtsilä, Caterpillar Inc. profiled in Global Marine Engines Market Analysis-2 …
Marine Engines Market size is set to surpass USD 13 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Positive outlook toward seaborne industry and rising maritime trade activities will augment the marine engines market growth. As per the United Nations Conference on Trade & Development, in 2017 the shipping industry handled 80% of the world trade by volume and 70% by revenue through board…
Vehicle Subscription Market Outlook to 2023: AUDI AG, Ford Motor Company, Porsch …
According to this study, the Vehicle Subscription Market is showing remarkable development over the past couple of years’ predictions of the vehicle subscription market at global scale for the forecast period of 2018-2023.
The objective of vehicle subscription market report is to provide a detailed analysis of Vehicle Subscription industry and its impact based on applications and on different geographical regions, strategically analyses the growth trends, future prospects. In this report,…
Global Medium Commercial Vehicles Market 2016: Focuses on top players VOLVO, Sca …
The Medium Commercial Vehicles research report by QY Research represents an inclusive evaluation of the Global Medium Commercial Vehicles Market and comprises considerable insights, historical data, facts, and statistical and industry-validated data of the global market. Additionally, it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions. The research report highlights informative data and in-depth analysis of Medium Commercial Vehicles market and…
