Asia-Pacific Construction Equipment Market Growing at a CAGR of 10.37%

Asia-Pacific Construction Equipment Market Report, published by Allied Market Research, forecasts that the market is expected to garner $105.6 billion by 2020, registering a CAGR of 10.4% during the period 2015-2020. China dominates the market for construction equipment owing to rising urbanization and industrialization in this region. This region is also expected to grow rapidly during the forecast period.

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Asia-Pacific Construction Equipment Market by Type (Loader, Crane, Crane, Excavator, Dozer, Forklift), Solution Type (Product, Rental, Maintenance) and Application (Earth moving, Lifting & material handling, Excavation, Transportation, Mining) and Industries (Public Works & Rail Road, Mining, Oil & Gas, Manufacturing, Military, Forestry & Agricultural)

The Asia-Pacific Construction Equipment Market is segmented into type, solution type, application, industries and countries. Among the applications of construction equipment, earth moving segment contributes the maximum share in the market and is expected to dominate & drive the market during the forecast period due to increased reconstruction and mining activities. The application of earthmoving and lifting & material handling, collectively contributed more than 50% of the total market size by value in 2014.

Geographic Review

Country wise, the market is dominated by China throughout the analysis period due to the increased industrial and residential construction activities in this region, whereas India market is expected to witness fastest growth.

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Key Players

The prominent companies profiled in this report include, Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., J.C. Bamford Excavators Limited (JCB), Doosan Heavy Industries & Construction, Komatsu Ltd. among others.

Key Benefits

Comprehensive analysis of the current and future trends in the Asia-Pacific Construction equipment market have been provided in this report

The report provides a competitive scenario of the Asia-Pacific Construction equipment market with current and future growth trends, structure, driving factors, scope, opportunities and challenges

The report includes a comprehensive analysis of market segments to provide insights on the market dynamics

Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making

Value chain analysis provides key inputs on the role of stakeholders involved at various stages of the value chain

SWOT analysis of the key market players highlights their strengths and weaknesses along with potential opportunities present in the market

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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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