Press release
Heavy Construction Equipment Market Will Reach $273.5 billion by 2030 | Strategies and New Trends
Heavy construction equipment
The heavy construction equipment market is segmented into equipment type, which includes material handling equipment, heavy construction vehicles, earthmoving and others. Among these, the earthmoving equipment segment accounts for the largest market size by value, owing to low operating costs and rising demand from diverse sectors such as building and construction, infrastructure, mining, oil & gas and forestry.
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The material handling applications segment is anticipated to grow rapidly, with a CAGR of 5.4% during the forecast period, due to increased use of material handling equipment such as cranes and telehandlers in large building, construction, and mining operations. The heavy construction equipment is used in numerous industry verticals. The end-user industries analyzed in the report are construction, mining, infrastructure, manufacturing, oil & gas, and others.
Key Segments:
BY EQUIPMENT TYPE -
Earthmoving Equipment
Material Handling Equipment
Heavy Construction Vehicles
Others
BY APPLICATION -
Excavation & Demolition
Heavy Lifting
Tunneling
Material Handling
Recycling & Waste Management
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Competition Analysis:
The key market players profiled in the heavy construction equipment industry report include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group and XCMG Group.
Key Findings Of The Study -
• The report provides an extensive analysis of the current and emerging heavy construction equipment market trends and dynamics.
• Depending on end-user, the construction segment dominated the heavy construction equipment, in terms of revenue in 2020 and manufacturing is projected to grow at a CAGR 5.3% during the forecast period.
• By type, the earthmoving equipment segment registered highest revenue in the heavy construction equipment market share in 2020.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• The key players within the heavy construction equipment are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the heavy construction equipment industry.
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Read More Reports By AMR:
Cranes Market - https://www.alliedmarketresearch.com/cranes-market-A09424
Overhead Cranes Market - https://www.alliedmarketresearch.com/overhead-cranes-market
Mining Equipment Market - https://www.alliedmarketresearch.com/mining-equipment-market
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