Heavy Construction Equipment Market Growth Analysis, Industry Analysis, Size, Share And Key Business Strategies Report 2023 - 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Heavy Construction Equipment Market Size, Growth Rate, And Forecast
The global heavy construction equipment market size is expected to grow from $178.29 billion in 2022 to $190.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy construction equipment market size is expected to grow to $243.89 billion in 2027 at a CAGR of 6.4%.

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Heavy Construction Equipment Market Drivers
The expansion of government infrastructure development projects is expected to propel the growth of the heavy construction equipment market going forward. In recent years, the majority of countries' governments have been more focused on the infrastructure sector for economic development as well as to provide world-class infrastructure in the country by building power plants, bridges, dams, roads, urban infrastructure developments, and others. Heavy construction equipment helps in accomplishing heavy tasks during infrastructure construction due to its high capacity and strength in lifting materials and its capability to operate in harsh environmental conditions.

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Heavy Construction Equipment Market Segments
1) By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment
2) By Application: Excavation and Demolition, Heavy Lifting, Tunneling, Material Handling, Recycling, and Waste Management
3) By End User: Infrastructure, Construction, Mining, Oil and Gas, Manufacturing, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Heavy Construction Equipment market.

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Heavy Construction Equipment Market Key Players
Major competitors in the Heavy Construction Equipment market include AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere And Company, Hyundai Doosan Infracore Company Limited, Hitachi Machinery Construction Company Limited

The Table Of Content For The Heavy Construction Equipment Market Include:
1. Executive Summary
2. Heavy Construction Equipment Market Characteristics
3. Heavy Construction Equipment Market Trends And Strategies
4. Heavy Construction Equipment Market - Macro Economic Scenario
5. Heavy Construction Equipment Market Size And Growth
……
27. Heavy Construction Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Heavy Construction Equipment Market
29. Heavy Construction Equipment Market Future Outlook and Potential Analysis
30. Appendix

The Business Research Company's "Global Heavy Construction Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

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