Press release
Heavy Construction Equipment Market Worth $2,40,496.0 Million by 2027 | by Equipment Type, Application
Heavy Construction Equipment Market
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The heavy construction equipment market size was valued at $1,71,667.0 million in 2019, and is projected to reach $2,40,496.0 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.
There are various types of heavy construction equipment available in the market;however, choosing the right type of construction equipment is imperative. While selecting heavy construction equipment, industries focus on parameters such as the complexity of the project, material, cost, quality, time, and safety.
Improved involvement in private sector, growth in real estate sector, improved economic conditions, and residential & commercial infrastructure set-up in emerging economies are the key factors that drive the market growth. In addition, the increase in government initiatives toward infrastructure development and growth in public–private partnerships for the construction of public infrastructure systems in countries such as India and China supplement the growth of the market.
The Indian Government has heavily invested in the development of roads, railway tracks, airports, and overall infrastructure development, which involves the use of excavators, loaders, and other such heavy machinery.
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Key Segments
By Equipment Type
Earthmoving
Material Handling
Heavy Construction Vehicles
Others
By Enduser
Infrastructure
Construction
Mining
Oil & Gas
Manufacturing
Others
By Application
Excavation & Demolition
Heavy Lifting
Tunnelin
Material Handling
Recycling & Waste Management
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
AB Volvo
Caterpillar Inc.
CNH
Deere & Company,
Doosan Infracoe
Hitachi Machinery Construction,
JCB
Komatsu
Liebherr AG
Sany
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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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