Heavy Construction Equipment Market Potential Growth, Share, Demand and Analysis of Key Players - Research Forecasts to 2031

The research provides a detailed analysis of drivers, restraints, and opportunities of the global construction equipment market. These insights shower necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market. construction equipment market size was valued at $201.9 billion in 2021, and is projected to reach $322.0 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 (PDF): https://www.alliedmarketresearch.com/request-sample/652

Covid-19 impact:
• Construction and manufacturing activities of construction equipment halted due to the implementation of the global lockdown.
• Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
• Several construction activities were delayed in order to maintain the social distancing norms.
• The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
• The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/652

The construction equipment market has witnessed significant growth over the past decade, owing to expansion of building and construction industries. In addition, increase in government investments in development of new roads and infrastructure and upgrading existing roads, highways and bridges has provided lucrative growth in the market. Also, the expansion of oil and gas as well as mining sector has created growth opportunity for construction equipment.
One of the reasons for the growth of the construction equipment industry is rise in popularity of robust and compact equipment. The adoption of compact construction equipment has gained popularity in recent years, due to their easier maintenance, movability, and similar performance as heavy construction machinery. Moreover, unlike heavy machinery, compact construction equipment does not necessitate certified & skilled workers and are considerably easier to operate. Further, lower costs of the compact equipment boost their adoption in end-user industries.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/652

Competitive Landscape: AB VOLVO, CATERPILLAR INC., CNH Industrial N.V., DEERE & COMPANY, DOOSAN INFRACORE CO. LTD., HITACHI LTD., J C BAMFORD EXCAVATORS LTD., KOMATSU LTD., Liebherr-International AG, XCMG GROUP, These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their construction equipment market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders:
• This report offers a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction equipment market analysis from 2021 to 2030 to identify the prevailing construction equipment market opportunities.
• The construction equipment market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the construction equipment market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the construction equipment market players.
• The report includes the analysis of the regional as well as global construction equipment market trends, key players, market segments, application areas, and market growth strategies.

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