Exclusive Report on Global Construction Equipment Market to achieve a market size of $221.59 Billion as it excels

According to the report, The global construction equipment market size is expected to reach $221.59 Billion by 2028 growing at the CAGR of 3.8% from 2021 to 2028. This growth is attributed to

Increase in infrastructure investments post the COVID-19 pandemic:

The COVID-19 pandemic has had a major impact on the construction sector, resulting in a reduction in sales of global sales for major construction equipment manufacturers. Though countries such as the US, UK, China, and India have been hit the hardest by the pandemic, a few other less severely affected countries have seen a resurgence in activity across sectors. This, in addition to greater demand for hospitals and other medical facilities, will likely result in increased consumption of construction equipment in the near future.

The market is hampered by the decreased deal value of construction equipment projects

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The recently published research report on Global Construction Equipment Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Construction Equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Construction Equipment market report also includes the following data points:
• COVID19 Impact on Construction Equipment market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Construction Equipment market

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Key Players
Some of the major Construction Equipment players holding high market share include Komatsu Ltd, Deere & Company, Hitachi Construction Machinery Co., Ltd., Volvo Group. These players use acquisition and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Komatsu Ltd
• Deere & Company
• Hitachi Construction Machinery Co., Ltd.
• Volvo Group
• CNH Industrial
• Liebherr
• XCMG
• JCB
• Zoomlion Heavy Industry Science & Technology Co., Ltd.
• Caterpillar Inc.

Segmental Analysis
Market Segment By Equipment Type with focus on market share, consumption trend, and growth rate of Construction Equipment Market:
o Articulated Dump Truck
o Asphalt Finisher
o Backhoe Loader
o Crawler Dozer
o Others

Market Segment By Application with focus on market share, consumption trend, and growth rate of Construction Equipment Market:
o Infrastructure
o Residential
o Commercial

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Global Construction Equipment Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa
Asia pacific holds the larger share in the market owing to the growth in the number of projects such as dams, airports, and the presence of top market players.

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