openPR Logo
Press release

What's Driving the Construction Equipment Market Trends? Liebherr Group, Caterpillar Inc., XCMG Group, CNH Industrial, Terex Corporation

05-14-2020 08:44 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights

Construction Equipment Market

Construction Equipment Market

The Asia Pacific construction equipment market will witness a strong growth owing to the growing government focus toward the construction sector. Initiatives, such as Make in India and Made in China 2025, supporting the infrastructure sector will favor the industry growth. Initiation of projects, such as South-North Water Transfer Project in China, will propel the industry demand in the region. The development of smart city projects in Singapore will surge the demand for high-performance machinery.

Construction Equipment Market is anticipated to exceed USD 170 billion by 2024.

Request for a sample copy of this report @ http://decresearch.com/request-sample/detail/2803

The globally flourishing construction sector is surging the demand for high-performance machinery that aids in reducing human involvement in the construction process. The rapid growth in the number of construction activities is exerting pressure on the existing human resources. The demand for sophisticated construction equipment that reduces the overall capital investment will contribute to the construction equipment industry growth.

The demand for automated storage and material handling equipment in warehouses will drive the construction equipment market growth. Furthermore, the rise in the number of tall buildings and skyscrapers across various regions will surge the demand for cranes over the forecast timespan.

Market Growth Drivers: --
1. Implementation of advanced technologies in construction equipment
2. Increasing infrastructure investments globally
3. Growing construction industry in China & India
4. Rising equipment rental demand in North America & Europe
5. Increasing rate of urbanization in the North America & Europe
6. Increasing infrastructure and industrial projects in Russia
7. Growing urbanization and safety concerns in India
8. Growing reconstruction and maintenance activities in Japan
9. Rapid infrastructure development in BRIC countries
10. Recovering construction sector in Latin America
11. Increasing investment in mining projects across Latin America & MEA
12. Rising number of public private partnership projects in MEA

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

Make an Inquiry for Purchasing this Report @ http://decresearch.com/inquiry-before-buying/2803

The incorporation of sensor systems and modern technologies into the material handling equipment will surge the demand for these machines. Bulk material handling systems facilitate fast and easy transfer of large volume of goods that are difficult to manage using human resources. Industrial trucks that are sturdy enough to enable the smooth transfer of heavy materials will propel the construction equipment market growth. Storage equipment enables accurate buffering and holding of materials over a period of time.

Infrastructure refurbishment and modernization being the most significant factors responsible for the overall development of an economy are compelling several government organizations to invest heavily in the construction sector. Increasing government investments in the construction sector will surge the demand for sturdy construction machinery. Large-scale road and rail construction projects undertaken by government organizations will further stress the demand for construction equipment market. Tight project completion schedules are throwing light on the significance of the use of the advanced construction machinery.

The major players operating in the construction equipment market include: -
Caterpillar Inc., CNH Industrial, Doosan Group, Guangxi LiuGong Machinery Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, John Deere, Kobelco Construction Machinery Co. Ltd., Komatsu Ltd., Liebherr group, Metso Corporation, Palfinger AG, Sany Group, Sumitomo Heavy Industries Ltd., Tadano Ltd., Terex Corporation, The Atlas Copco Group, The Manitowoc Company, Inc., Volvo Construction Equipment, Wacker Neuson, XCMG Group, Zoomlion Heavy Industry Science & Technology Co. Ltd

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

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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 What's Driving the Construction Equipment Market Trends? Liebherr Group, Caterpillar Inc., XCMG Group, CNH Industrial, Terex Corporation here

News-ID: 2046379 • Views: 149

More Releases from Global Market Insights

Industrial Air Filtration Market to cross USD 7 Bn by 2025, Key Players are Pall …
Number of manufacturers and suppliers such as Camfil, AAF, Freudenberg Group, Clarcor, SPX, Cummins Filtration and Donaldson are involved in product research & development activities and investments. Industries have been producing new innovative raw materials and fibers that provide a high degree of filtration, expanding the scope and reliability of the filters. Global industrial air filtration market size will surpass USD 7 billion by 2025. The European Union had to intervene
Animal Drugs Market | Cumulative Growth by Top Players Bayer, Virbac, Dechra Pha …
North America animal drugs market accounted for more than 37% of the overall market revenue share back in 2018. The region is also projected to witness lucrative growth through 2025. This growth can be credited to the rising focus of regional organizations on new drug development to treat several chronic diseases found in animals. Based on Global Market Insights, Inc., estimates, the animal drugs market size is set to exceed
Air Duct Market 2020 Trends by Leading Players: Ruskin Titus Gulf LLC, Deflecto, …
Rising implementation of HVAC systems in commercial and residential buildings coupled with increasing construction activities in the emerging economies of Asia Pacific and the Middle East & Africa is positively augmenting the demand for air duct market. Also, increasing consumer awareness regarding the construction of green buildings is further expected to upsurge the consumption of airducts. Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2339 Air ducts offer superior
Plant Protein Ingredients Market 2020 Forecast 2026 | Top Players - Axiom Food I …
The global Plant Protein Ingredients market was valued at USD 5.5 Billion in 2019 and is projected to touch USD 10 Billion by 2025, developing at a CAGR of 19% from 2019 to 2025. Decresearch has recently published a study titled 'Global Plant Protein Ingredients Market Research Report'. In this report, analysts have provided a detailed evaluation of the global Plant Protein Ingredients market. The report is inclusive of a completely

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