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Asia-Pacific Construction Equipment Market Witnessing Rapid Growth in the Asia-Pacific region, specifically in countries such as China, India and Japan

08-24-2021 04:20 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

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.

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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.

Construction equipment comprise of heavy machineries and vehicles that are used to perform heavy duty tasks such as mining, lifting, material handling, excavation etc. The construction equipment market is largely driven by developments in residential, commercial and the industrial sector. Factors such as increasing public private partnership and the global economic growth majorly influence the dynamics in construction equipment market.

Top 10 Key Market Players

Volvo Construction Equipment
Hitachi Construction Machinery Co., Ltd.
Caterpillar Inc.
J.C. Bamford Excavators Limited (JCB)
Doosan Heavy Industries & Construction
Komatsu Ltd.
Liebherr group
Kobe Steel, Ltd. (Kobelco)
CNH Industrial
Atlas Copco

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Key Market Segments

By Solutions

Product
Service

By Type

Loader
Crane
Forklift
Excavator
Dozer
Others

By Applications

Earth moving
Lifting & material handling
Excavation
Transportation
Others

By Industries

Public Works & Rail Road
Mining
Military
Oil & Gas
Forestry & Agriculture
Manufacturing

By Country

China
India
Japan
South Korea
Rest of Asia Pacific

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Contact:
David Correa
Portland, OR, United States
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Fax: +1(855)550-5975
help@alliedmarketresearch.com

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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