openPR Logo
Press release

Heavy Construction Equipment Market Growth Prospects, Competitive Analysis, Trend, Regulatory Landscape & Forecasts 2030

10-27-2022 01:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Reasearch Future

Heavy Construction Equipment Market Growth Prospects,

Heavy Construction Equipment Market Overview
Heavy Construction Equipment Market is projected to be worth USD 346.36 Billion by 2030, registering a CAGR of 7.5% during the forecast period (2022 - 2030), The market was valued at USD 194.20 billion in 2021.
Heavy construction equipment has been proved as a backbone for construction industry in order to save a lot of time and labour cost. There are several equipment that serve various purpose at construction sites. Various activities including earthmoving, material handling, transporting materials, etc. are catered by heavy construction equipment. High investments of construction industry in BRIC countries are driving the growth for heavy construction equipment market. Additionally, the need of satisfying rising infrastructure demand by growing population will enhance the growth prospects of heavy construction equipment market. The lucrative and high investment areas of construction industry in emerging economies and organization of upcoming world sports such as FIFA World Cup and Olympics will boost the demand for heavy construction machinery. The global heavy construction equipment industry growth is directly related to the worldwide infrastructural development activities. Addition of new technologies to the existing systems has been an ongoing trend within the market. Adoption of these equipment has been increasing over the time. High cost of heavy construction equipment is one of the major factors supporting retrofitted equipment. Some of the major players operating within heavy construction equipment market arena include Caterpillar, Komatsu Ltd, CNH, John Deere, Oshkosh Corp., and Kobelco Cranes.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/681

Huge investments in infrastructural projects in BRIC countries have spurred the demand for heavy construction equipment for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to heavy machinery. Increasing demand in Brazil is one of the key factors for the market growth. This is owing to the continued economic growth and political steadiness in the country. The construction companies are now focusing their attention to India for business. This is being achieved by either formation of alliances with the local players or through subsidiary companies. The buying behaviour in India is changing from "price based" to "value for money". Moreover, the construction sector in Brazil has witnessed a good growth with the development in Brazilian economy. Infrastructural projects in the region have been steadily rising. Consequently, there is a high demand for construction equipment, which is attracting big market players to enter the region for business expansion. Recently, Hyundai Heavy Industries opened its first construction equipment factory in Brazil. The factory is estimated to have an annual production capacity of around 3,000 units. The company plans to further increase the capacity by 1,000 units over the next year. The equipment developed includes wheel loaders, backhoe loaders, and excavators. Hyundai had invested $175 million for the development of more than 6 million sq. ft. factory. The company has already received orders for 8 projects in Brazil for 500 construction equipment. Couple of these projects includes railway project in Northeast Brazil and hydroelectric power plant in the state of Para. Entry of such big players in Brazil indicates a significant demand coming for heavy construction equipment.

ENQUIRE FOR DISCOUNT @ https://www.marketresearchfuture.com/check-discount/681

Industry News

In May, 2017 - Recently, Caterpillar acquired a start-up Yard Club that facilitates contractor-to-contractor equipment rental. Although the terms of the deals has not yet been disclosed by both the companies. Upon this acquisition, Yard Club will begin to work with Caterpillar dealers and helping them to sell as well as rent the heavy construction equipment to the contractor and construction crews. This acquisition will enhance the company to expand its distribution network which will create a positive impact on the global heavy construction equipment market.

In December, 2016 - JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.

In December, 2017 - John Deer completed its acquisition of Wirtgen Group, which is a leading manufacturer of road construction equipment. With this acquisition, the Wirtgen Group will improve and enhance John Deer construction equipment business which will result in the company's global growth. This acquisition is expected to boost up the heavy construction equipment market.

Heavy Construction Equipment Global Market - Competitive Analysis
The global market for heavy construction equipment looks highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Browse Full Report @ https://www.marketresearchfuture.com/reports/global-heavy-construction-equipment-market-681

Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Heavy Construction Equipment Market Growth Prospects, Competitive Analysis, Trend, Regulatory Landscape & Forecasts 2030 here

News-ID: 2780149 • Views:

More Releases from Market Reasearch Future

Live Streaming Market Forecast: USD 559.63 Billion Milestone in Sight by 2032 with 25.60% CAGR
Live Streaming Market Forecast: USD 559.63 Billion Milestone in Sight by 2032 wi …
➤➤ Market Overview: The live streaming market has seen explosive growth in recent years, driven by the increasing demand for real-time, interactive content across industries. Live streaming allows individuals and businesses to broadcast video content in real-time to a global audience through platforms such as YouTube, Facebook Live, Twitch, and others. This growing trend is transforming entertainment, education, gaming, e-commerce, and social media by offering an interactive, engaging experience for viewers.
Digital Ink Market Strategic Imperatives for Success and Rising Demand Till 2030
Digital Ink Market Strategic Imperatives for Success and Rising Demand Till 2030
In the vast landscape of digital technologies, where innovations continually redefine our interaction with information, digital ink stands out as a remarkable fusion of tradition and modernity. In a world where screens dominate our daily lives, digital ink offers a bridge between the tangibility of ink on paper and the versatility of electronic displays. This convergence has sparked a burgeoning market for digital ink, reshaping how we consume, create, and
Motor Vehicle Market Size, Share, Growth Future Developments Forecast to 2032
Motor Vehicle Market Size, Share, Growth Future Developments Forecast to 2032
The global Motor Vehicle market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 10.6% anticipated over the forecast period. The Motor Vehicle Market research report serves as a vital tool, offering key stakeholders invaluable insights into the market landscape, thereby empowering them to make informed decisions. A primary goal of such reports is to identify and capitalize on business growth opportunities, enabling key players
Snowmobile Parts & Accessories Market Revenue, Size, Share, Trends Forecast Till 2032
Snowmobile Parts & Accessories Market Revenue, Size, Share, Trends Forecast Till …
The global Snowmobile Parts & Accessories market is expected to experience significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period. The Snowmobile Parts & Accessories Market research report provides valuable insights into the market landscape, aiding key players in making informed decisions. One of the primary objectives of such market research reports is to identify and capitalize on business growth opportunities. By leveraging

All 5 Releases


More Releases for Heavy

Shipbuilding Market 2020 Comprehensive Insights- Hyundai Heavy Industries Co. Lt …
Global Shipbuilding Market Report 2020 is a comprehensive, professional report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market. The report provides with CAGR value changeability during the forecast period for the market. The report covered key aspects like the existing market conditions, the pace of growth and CAGR in the forecast period. The Global Shipbuilding Market was valued at USD
LNG Carrier Market Poised for Further Growth: Top Players Shaping Industry: Sams …
A new business intelligence report released by Up Market Research with title “Global LNG Carrier Market Research Report 2019” that targets and provides comprehensive market analysis with future prospects to 2025. The analysts of the study have garnered extensive research methodologies and data sources (i.e. Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends. Request Sample Copy Of this Report
Global Double Hulling of Ships Market 2019 - Mitsubishi Heavy Industries, Samsun …
Global Double Hulling of Ships Market report gives detailed analysis and provides extensive market forecasts 2025 by region/country and subsectors. Double Hulling of Ships Industry report also acts as an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies. Obtain the Brochure of the Report: https://goo.gl/7Et3eb Global Double Hulling of Ships Market focuses on the , especially in
Latest Research On Drillships Market Analysis 2018 – Hyundai Heavy Industries, …
UpMarketResearch published an exclusive report on “Drillships” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 95 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Drillships market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market
Global Heavy Construction Equipments Market: By Types - Heavy Earthmoving, Lifti …
Researchmoz added Most up-to-date research on "Global Heavy Construction Equipments Market: By Types - Heavy Earthmoving, Lifting & Material Handling, Heavy Construction Vehicles & Others" to its huge collection of research reports. This report studies Heavy Construction Equipments in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report
Global Liquified Natural Gas Tanker Market 2017 : Samsung Heavy Industries, Mits …
A market study based on the "Liquified Natural Gas Tanker Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Liquified Natural Gas Tanker Market 2017’. The research report analyses the historical as well as present performance of the worldwide Liquified Natural Gas Tanker industry, and makes predictions on the future status of Liquified Natural Gas Tanker market on the basis of this analysis. Get Free