Construction Equipment Market 2019 Global Industry Growth Analysis to 2024 by Regional Players Liebherr Group, Sany Group, The Manitowoc Company, Wacker Neuson, Terex Corporation, John Deere

Global Construction Equipment Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis of construction equipment market offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.

The changing focus of construction equipment suppliers toward establishing long-term relationships with customers and renowned OEMs is poised to boost industry growth over the years ahead. The adoption of frequent facility and dealer network expansion strategies is also deemed to emerge highly beneficial for the players in construction equipment industry. Driven by the growing demand for construction machinery along with the rapidly propelling infrastructural development activities, construction equipment market will surpass a revenue collection of USD 170 billion by the end of 2024.

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The rise in the sales of construction equipment across European countries has been encouraging leading product manufacturers to invest in research and development activities to launch new product portfolios. In addition, many construction and earthmoving equipment manufacturers have been focusing on expanding their regional footprints with mergers and acquisitions as well as with new facility establishments. These initiatives incidentally, are also being supported by many regional finance companies, pushing the growth of the construction equipment market further.

In European countries, the increasing involvement of the regional governments in infrastructure development has been generating lucrative opportunities for the construction equipment market contenders. More precisely, the shifting focus of governments and regulatory bodies toward the deployment of renewable energy facilities along with the implementation of smart city development programs have been tremendously pushing the need for construction equipment. In line with the rapidly growing number of construction activities, the sales of construction and earthmoving equipment across UK grew considerably in the second quarter of 2018 as compared to the same period in 2017.

Construction Equipment Market, by Product:
1. Earthmoving & Road Building Equipment
2. Material Handling & Cranes
3. Concrete Equipment

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The rapid growth of the construction industry, construction equipment market giants have been expanding their regional reach via renewed dealerships across myriad geographies. In addition, many equipment providers have been investing in new machinery as well as advanced technologies such as smart equipment to augment construction equipment industry trends.

Over the last few years, construction equipment market, on the grounds of surging investments in infrastructural development, has been witnessing a rather appreciable growth rate. The rising trends in industrialization and urbanization across the globe have also been majorly propelling the need for construction equipment.

The major players operating in the construction equipment market include:

1. Volvo Construction Equipment
2. Caterpillar Inc.
3. Komatsu Ltd.
4. Hitachi Construction Machinery Co. Ltd.
5. CNH Industrial
6. Zoomlion Heavy Industry Science & Technology Co. Ltd.
7. Kobelco Construction Machinery Co. Ltd.
8. Terex Corporation
9. Liebherr
10. 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.

Related News: https://www.prnewswire.com/news-releases/construction-equipment-market-to-cross-170bn-by-2024-global-market-insights-inc--842655930.html

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