Construction Equipment Market Demand & Growth Analysis, 2020-2027 | by Solution Type, Equipment, Application & Industry

According to a recent report published by Allied Market Research, titled, "Construction Equipment Market by Solution Type, Equipment Type, Type, Application, and Industry: Global Opportunity Analysis and Industry Forecast, 2020–2027," The global construction equipment market accounted for $184,500 million in 2019 and is expected to reach $261,047 million by 2027, registering 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)

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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. In this type of partnership, a private company handles a project and lends technical and operational expertise to government projects.

The growing public private partnerships in different countries such as India, Africa, and China is expected to fuel the growth of the construction equipment industry. Further, rise in urbanization across the world is increasing the demand to build infrastructure such as residential and transportation.

Key Players

The key players analyzed in global construction equipment market are 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, and Xuzhou Construction Machinery Group Co., Ltd. (XCMG).

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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.

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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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