Global Construction Equipment market is expected to grow at a CAGR of 5% during 2021-26

The Construction Equipment Market Research Report provides a detailed analysis of industry size, share, segmentation, competitive landscape, value chain optimization, trade regulations, historical data & recent developments, strategic market growth analysis, and product launches while considering the Covid-19 impact on the Market.

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The Global Construction Equipment Market is likely to grow at a CAGR of around 5% during 2021-26. With the rapid expansion of cities, urbanization, migration, and economic diversification, construction activities globally are snowballing at an astronomical pace. The developing economies have been focusing on creating new infrastructure to meet the skyrocketing demand for better housing & work opportunities and improving the overall stature of the country on the global platform.

On the other hand, the developed economies are supplanting their aging infrastructure according to the evolving geopolitical imperatives. Therefore, these all aspects have catalyzed the spending on construction activities across the globe. The global spending in the construction industry would likely exceed USD35.93 trillion by 2030, rising from USD24.11 trillion in 2019.

Key questions answered in the study
1. What are the current and future trends in the Global Construction Equipment market?
2. How the industry has been evolving in terms of geography and services adoption?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Construction Equipment market?
5. What are the customer orientation, purchase behaviour, and expectations from the Global Construction Equipment market service provider across various regions?

For detailed analysis: https://www.marknteladvisors.com/research-library/global-construction-equipment-market.html

Prime Features of the Research Report:

The prime objective of this report is to help users understand the Market's definition, shares, segmentation, potential, key trends, and growth challenges. The readers will find this report extremely helpful in thoroughly understanding the market insights. The market data & information taken from reliable sources were checked & validated by the industry experts. Following are other inclusions of the Market research report:

• Covid-19 Impact Analysis on the market growth.
• Regional/Country-Level Landscape
• Figures citing sales volume & revenue.
• Assessment of the major industry trends.
• A citation of the prominent companies in the Market

According to MarkNtel Advisors, the major leading players in the global Construction Equipment market are Volvo Construction Equipment (Sweden), CNH Industrial (the Netherlands), Komatsu (Japan), Caterpillar (US), John Deere (US), Hitachi Construction Equipment (Japan) and Liebherr (Switzerland), etc.

Market Segmentation:
1. By Type of Equipment (Earthmoving Equipment, Material Handling, Road Building & Concrete)

2. By Type of Product (Excavator, Loader, Grader, Bulldozer, Road roller, Tipper, Forklifts, Cranes, Diesel Generators, Concrete Pumps, Concrete Mixers, Others)

3. By Application (Power & Utilities, Mining, Hospitality, Residential, Healthcare & Residential Institutes, Manufacturing Units, Others)

4. By Geographic Region (North America, South America, Europe, Middle East & Africa, Asia Pacific)

5. By Countries (US, Canada, Mexico, Brazil, Chile, Argentina, Germany, France, UK, Russia & CIS South Africa, Nigeria, UAE, Saudi Arabia, Kuwait, Qatar, China, India, Southeast Asia, Japan, Others)

MarkNtel Advisors
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About Us:

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.