Press release
Construction Equipment Industry Size, Share, Growth Statistics, and Trending Opportunities by 2028 | AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co., Ltd.
Construction Equipment Industry
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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Construction Equipment Industry Size Projections:
The Construction Equipment Industry in terms of revenue was estimated to be worth USD 133.37 billion in 2020 and is poised to reach USD 222.14 billion by 2028, growing at a CAGR of 6.6% from 2023-2028 according to a new report by Fortune Business Insights.
Objectives of the Report
To carefully analyze and forecast the size of Construction Equipment Industry by value and volume.
To estimate the market shares of major segments of the Industry
To highlight the development of the Construction Equipment Industry in different parts of the world.
To analyze and study micro-markets in terms of their contributions, prospects, and individual growth trends.
To offer precise and useful details about factors affecting revenue growth over the forecast period.
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Construction Equipment Industry, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Top Construction Equipment Industry Size Manufacturers covered in the Market Report include:
AB Volvo (Gothenburg, Sweden)
Caterpillar Inc. (Illinois, U.S.)
Komatsu Ltd. (Tokyo, Japan)
Doosan Infracore Co. Ltd. (Seoul, South Korea)
Hitachi Construction Machinery Co., Ltd. (Tokyo, Japan)
J.C. Bamford Excavators Ltd. (Rocester, U.K.)
Liebherr Group (Bulle, Switzerland)
CNH Industrial N.V. (London, U.K.)
Hyundai Construction Equipment Co., Ltd. (Seoul, South Korea)
SANY Group (Beijing, China)
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Construction Equipment Industry Drives:
Implementation of Innovative Construction Equipment to Navigate Market Growth
Customers across the world are requesting for better fuel-efficient, technologically advanced equipment for boosting constructing activities. Implementation of elevated equipment decreases labour costs, tracing of work done in every phase of development, and further diminishes functioning costs.
Key companies are working relentlessly on extending their business domain by offering products, services or solutions, coupled with fresh values which take complete benefit of Information and Communication Technology and IoT (Internet of Things) technologies.
Furthermore, they are involved in presenting advanced equipment that can not only satisfy customer requirements but also tackle public and ecological issues. Therefore, the end-users are naturally fascinated by these apparatuses. Lately, Black Cat Civil, an Australian company found the Cat Next Gen earthmovers to be a solid counterpart for their technology-based business model.
Factors Affecting the Stakeholders of Construction Equipment Industry (2028):
Construction equipment manufacturers: These are the primary stakeholders in the market. They design, produce, and sell various types of construction equipment, such as excavators, loaders, bulldozers, and cranes.
Dealers and distributors: These stakeholders purchase construction equipment from manufacturers and sell them to end-users. They also offer after-sales services, such as installation, maintenance, and repair of equipment.
Rental companies: Rental companies are stakeholders that lease construction equipment to contractors, builders, and other end-users for short-term or long-term projects.
Construction contractors and builders: These stakeholders use construction equipment to perform various tasks, such as excavation, demolition, lifting, and material handling, in construction projects.
Government agencies: Government agencies are stakeholders that purchase or lease construction equipment for use in public works projects, such as highways, bridges, and buildings.
Financial institutions: Financial institutions provide loans and leasing options to construction equipment buyers, dealers, and rental companies.
NOTE: Our team is studying Covid19 and its impact on various industry verticals. The report will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Some of the Key Questions Answered in this Report:
What trends, challenges, and barriers will influence the development and sizing of the global market?
SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
What is the Construction Equipment Industry growth momentum or market carriers during the forecast period?
Which region may tap the highest market share in the coming era?
Which application/end-user category or Product Type may seek incremental growth prospects?
What focused approach and constraints are holding the market demand?
Connect with Our Expert for any Queries -https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/100521
Major Points from Table of Contents
Global Construction Equipment Industry Research Report 2023-2028
Introduction
The objective of the Study
Definition of the Market
Market Scope
Market Segment by Type, Application, and Marketing Channel
Major Regions Covered (North America, Europe, Asia Pacific, Mid East, and Africa)
Years Considered for the Study
Currency Considered (U.S. Dollar)
Key Findings of the Study
Market Dynamics
Driving Factors for this Market
Factors Challenging the Market
Opportunities of the Global Construction Equipment Industry (Regions, Growing/Emerging Downstream Market Analysis)
Technological and Market Developments in the Construction Equipment Industry
Industry News by Region
Regulatory Scenario by Region/Country
Market Investment Scenario Strategic Recommendations Analysis
Value Chain of the Construction Equipment Industry
Value Chain Status
Upstream Raw Material Analysis
Midstream Major Company Analysis
Distributors/Traders
Downstream Major Customer Analysis (by Region)
Competitive Intelligence Company Profiles
Global Construction Equipment Industry -Segmentation by Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Future Forecast of the Global Construction Equipment Industry from 2023-2028
Future Forecast of the Global Construction Equipment Industry from 2023-2028 Segment by Region
Global Production and Growth Rate Forecast by Type 2023-2028
Global Consumption and Growth Rate Forecast by Application 2023-2028
Appendix
Methodology
Research Data Source
Continued….
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
Email: sales@fortunebusinessinsights.com
Phone: US: +1 424 253 0390, UK: +44 2071 939123, APAC: +91 744 740 1245
Fortune Business Insights™ Delivers Accurate Data and Innovative Corporate Analysis, Helping Organizations of All Sizes Make Appropriate Decisions. We Tailor Novel Solutions for Our Clients, Assisting Them in Address Various Challenges Distinct to Their Businesses. Our Aim Is to Empower Them with Holistic Market Intelligence, Providing A Granular Overview of the Market They Are Operating In.
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