Press release
Global Compact Construction Equipment Market Is Valued At 12.8 Billion US$ In 2018
Compact Construction Equipment market has drawn significantly attention owing to the residential apartment construction cycle that provided a big boost to many economies during 2016 and 2017 is shifting focus. Nevertheless, high house prices in many regions is generating a strong wealth effect, stimulating consumption and driving growth. The global Compact Construction Equipment market is valued at 12.8 billion US$ in 2018 and will reach 2.01 billion US$ by the end of 2024, growing at a CAGR of 7.71% during 2018-2024.
Growth has been observed in the construction equipment market in North America and Western Europe, and is anticipated to grow further due to an increase in construction and repair activities. Asia is anticipated to be the largest market for compact construction equipment by 2024.
The major factors driving the compact construction equipment market are an increasing preference for small-size construction equipment, affordable pricing, reliability, and improved productivity. The increasing number of attachments available for compact construction equipment such as levelers, soil conditioning tools and trenchers are also driving growth. In addition, the private user market, such as sundowners or hobby farmers, and real estate developers have been contributing to the increasing adoption of compact construction equipment.
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This report focuses on the Construction Equipment Manufacturing in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Market Segment by Manufacturers, this report covers
Atlas
Caterpillar
CNH Global
Liebherr-International
Manitou
Manitowoc
Mitsubishi
Sany
Sumitomo
Terex
Volvo
Market Segment by Type, covers
Earth Moving Machinery
Material Handling Machinery
Concrete & Road Construction Equipment
Others
Market Segment by Applications, can be divided into
Residential Building
Commercial Building
Industrial Building
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Related Information:
North America Construction Equipment Manufacturing Market Research Report 2019
United States Construction Equipment Manufacturing Market Research Report 2019
Asia-Pacific Construction Equipment Manufacturing Market Research Report 2019
Europe Construction Equipment Manufacturing Market Market Research Report 2019
EMEA Construction Equipment Manufacturing Market Market Research Report 2019
Global Construction Equipment Manufacturing Market Market Research Report 2019
China Construction Equipment Manufacturing Market Market Research Report 2019
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