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Global Construction Machinery Market Growth Prospects, Future Industry Landscape 2032 | Caterpillar Inc., Komatsu Ltd., Deere & Company, Volvo AB, Hitachi Ltd., Zoomlion Heavy Industry Science
Construction Machinery Global Market Report
The Business Research Company's Construction Machinery Global Market Report 2023 identifies the Increasing investment in infrastructure is anticipated to contribute to the construction machinery's market growth. According to the World Economic Forum, the investment in infrastructure worldwide is projected to reach $79 trillion by 2040.
The global construction machinery market size will grow from $308.97 billion in 2022 to $336.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. 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 market size of the global construction machinery is expected to grow from $458.34 billion in 2027 at a CAGR of 8.0%.
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Major players in the construction machinery market report are Caterpillar Inc., Komatsu Ltd., Deere & Company, Volvo AB, Hitachi Ltd., Zoomlion Heavy Industry Science, and Technology Co. Ltd., Liebherr Group, EXOR Group, Doosan Infracore Co. Ltd., and Oshkosh Corp.
A key trend in the Construction Machinery market includes the construction machinery market has seen a number of strategic initiatives, including partnerships and the launch of innovative products. Major companies in the market are continuously focusing on collaborating with other companies to expand their product portfolio and geographical presence.
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https://www.thebusinessresearchcompany.com/report/construction-machinery-global-market-report
The Construction Machinery market is segmented -
1) By Product: Earthmoving, Material Handling, Building & Road Construction Equipment, Autonomous Construction Equipment
2) By Application: Excavation & mining, Lifting & material handling, Earth moving, Transportation, Other Applications
3) By End User: Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, 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 Construction Machinery market.
The Business Research Company's "Global Construction Machinery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Construction Machinery Market Include:
1. Executive Summary
2. Construction Machinery Market Characteristics
3. Construction Machinery Market Trends And Strategies
4. Construction Machinery Market - Macro Economic Scenario
5. Construction Machinery Market Size And Growth
……
27. Construction Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Machinery Market
29. Construction Machinery Market Future Outlook and Potential Analysis
30. Appendix
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