Asia-Pacific Construction Equipment Market Witnessing Rapid Growth in the Asia-Pacific region, specifically in countries such as China, India and Japan
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.
J.C. Bamford Excavators Limited (JCB)
Doosan Heavy Industries & Construction
Kobe Steel, Ltd. (Kobelco)
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Key Market Segments
Lifting & material handling
Public Works & Rail Road
Oil & Gas
Forestry & Agriculture
Rest of Asia Pacific
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