Construction Equipment Market : Mining Segment Generate the Power Output 100.1 to 200 Hp with a Crawlers Excavators - A Report By Fact.MR

The outbreak of COVID-19 has interrupted the growth construction, mining, and other industrial activities. Demand for construction equipment is contingent on the growth of these end-use industries, and with declining investments in these sectors, the construction equipment market is poised to experience a downward trend across the globe, in the near term.

Get all Report Details@ https://www.factmr.com/report/3965/construction-equipment-market

Demand for construction equipment is set to regain traction with an increase in investments made by governments in both, developed and developing countries, for infrastructure development projects. In addition, efforts made by governments to build highways, dams, railways, and roads as part of developing smart cities in the areas of energy, mobility, and government are projected to drive the sales of construction equipment in the foreseeable future.

The global construction equipment market is poised to expand at a value CAGR of close to 4%, and is expected to create an absolute dollar opportunity of US$ 61 Bn over the forecast duration 2020-2030.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3965

Key Takeaways from Construction Equipment Market Study

Under the impact of COVID-19, the global construction equipment market is expected to reach a market valuation of US$ 180 Bn by the end of 2030.

By equipment, demand for excavators is foreseen to grow 2.6X than cranes in 2020. On the other hand, cranes will account for 1/5 of the overall absolute dollar opportunity created during the forecast period.

By power output, 200.1-400 HP construction equipment is projected to create an absolute $ opportunity of US$ 18 Bn from 2020 and 2030.
By end use, the construction industry is projected to account for 42% of the total sales in 2020, and is anticipated to create an absolute $ opportunity of more than US$ 32 Bn during the forecast period 2020-2030.

By region, East Asia is estimated to be the prominent construction equipment market, and is projected to surpass a market valuation of US$ 52 Bn by the end of 2030.

Need More Information About Report Methodology? Click here@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=3965

Industry Players Focusing on Product Launches to Stimulate Growth

Key players in the construction equipment market are Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, CNH Industrial N.V, Hitachi Construction Machinery, Liebherr Group, XCMG Co., and Terex Corporation, among others. Prominent manufacturers are focusing on introducing new products in order to broaden their customer base and gain a competitive edge over other players. For instance,

In 2020, Caterpillar launched its new D7 Dozer, which offers high drive undercarriage design, increased performance, and broadest choice of easy-to-use technology features. D7 moves up to 8 percent more material per hour than D7E, with around 6 percent more weight and 12 percent more horsepower.

Speak To Research Analyst For Detailed Insights@
https://www.factmr.com/connectus/sample?flag=AE&rep_id=3965

In 2020, Volvo introduced its two new asphalt paver models - P5110B tracked and P5170B wheeled pavers, for its North American market. These models of asphalt pavers give contractors a new heavy eight-foot size class option, and are built for both, heavy commercial and light highway tasks.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A, franklin. arnold
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.