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Construction Equipment Market by Solution, Equipment, Application and Industry, 2020–2027 | Key Drivers, Restraints, Opportunities
Construction Equipment Market
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The global construction equipment market size is expected to reach $261,047 million in 2027, from $184,500 million in 2019, growing at a CAGR of 4.3% from 2020 to 2027.
Construction Equipment Market by Solution Type (Products and Services), Equipment Type (Heavy Construction Equipment and Compact Construction Equipment), Type (Loader, Cranes, Forklift, Excavator, Dozers, and Others), Application (Excavation & Mining, Lifting & Material Handling, Earth moving, Transportation, and Others), and Industry (Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, and Others)
Although the construction sector is facing a slow-down, which is affecting new construction equipment sales, the market is expected to recover during the forecast period. One of the reasons for the growth is anticipated to be the growing focus on public–private partnerships (PPP). These partnerships are characterized as a joint venture between government and private sector companies for construction of public infrastructure systems.
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Key Benefits for Stakeholders:
The report provides an extensive analysis of the current and emerging construction equipment market trends and dynamics. The report also provides construction equipment market size from 2019 to 2027.
In-depth construction equipment market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.
Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the construction equipment market framework.
A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
Construction equipment market forecast analysis from 2019 to 2026 is included in the report.
Key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the construction equipment industry.
Key Players
AB Volvo
Caterpillar Inc.
CNH Industrial N.V.
Deere & Company
Doosan Infracore Co. Ltd.
Hitachi Ltd.
J C Bamford Excavators Ltd.
Komatsu Ltd.
Liebherr-International AG
Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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