Heavy Construction Equipment Market Worth $2,40,496.0 Million by 2027 | by Equipment Type, Application

According to a new report published by Allied Market Research, titled, “Heavy Construction Equipment Market by Equipment Type, Application, and End-User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global heavy construction equipment market size was valued at $171.6billion in 2019, and is projected to reach $240.4billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.

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Heavy Construction Equipment Market by Equipment Type (Earthmoving, Material handling, Heavy construction vehicles, and Others), Application (Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, and Recycling & Waste management), and End User (Infrastructure, Construction, Mining, Oil & Gas, Manufacturing, and Others)

The heavy construction equipment market has witnessed significant growth over the past decade, owing to the rise ininvestment in various end-user industries such as construction, infrastructure, mining, and others.A number of players are expanding their business around the globe, owing to increased customer base, enhanced effective operations, developed product portfolios, and expanded geographical reach. This is anticipated to fuel the demand for theheavy construction equipment

Heavy construction equipment is heavy equipment or vehicle used for activities involved in construction such as excavation, material lifting, tunneling, and material handling. The market is mainly driven by development in residential, commercial, and industrial sectors, increase in public-private partnership, and global economic growth. However, higher carbon emission and increase in oil prices are some factors that limit the growth of the heavy construction equipment market.

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Key Players

The key market players profiled in the heavy construction equipment market report include AB Volvo, Caterpillar Inc., CNH, Deere & Company, Doosan Infracoe, Hitachi Machinery Construction, JCB, Komatsu, Liebherr AG, and Sany.

Key Benefits For Stakeholders

The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics.

In-depth market analysis is conducted by constructing estimations for the key segments between 2019 and 2027.

Extensive analysis of the heavy construction equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global heavy construction equipment market forecast analysis from 2020 to 2027 is included in the report.

The key market players operating in the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.

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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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