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Excavation And Demolition Global Market - 2023 Analysis, Growth Trends, Forecasts, And Leading Market Players 2032
The Excavation And Demolition market
The Business Research Company's Excavation And Demolition Global Market Report 2023 identifies The expanding government infrastructure projects as the major driver for the Excavation And Demolition market's growth in the forecast period. Infrastructure development refers to the process of building and enhancing basic services, such as energy and transportation networks. The governments are launching and increasing infrastructure projects to improve their domestic infrastructure. Excavation is the basic step in the construction of all buildings and hence it is widely used in infrastructure development projects. For instance, in November 2022, the U.S. Department of Transportation (USDOT) which is responsible for planning and coordinating federal transportation projects and the Federal Highway Administration (FHWA) which specializes in highway transportation, invested $120 billion in Federal Highway projects and $20.4 billion in the development of public transport. Additionally, the U.S. Department of Transportation (USDOT) and Federal Highway Administration (FHWA) invested $3 billion in the development of airports and $3.9 billion in developing ports and waterways.
The global excavation and demolition market size is expected to grow from $463.01 billion in 2022 to $480.41 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. 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 global excavation and demolition market size is expected to reach $539.62 billion in 2027 at a CAGR of 2.9%.
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Major competitors in the Excavation And Demolition market are VINCI Group, Grupo ACS, Bechtel Corporation, Hochtief AG, Skanska AB, Balfour Beatty Plc., Bouygues Construction SA, Kiewit Corporation, Koninklijke BAM Groep
A key trend in the Excavation And Demolition market includes Technological advancements. Major companies in the market are introducing new technologies to sustain their position in the market. For instance, in August 2022, Rod Radar, an Israel-based developer of technologies related to construction, launched Live Dig Radar technology. This is the first ever ground penetrating radar (GPR) integrated with an excavator digging bucket. By detecting any form of underground utility during earthwork at any depth in real time, Live Dig Radar technology overcomes the limitations of current technologies. Any excavator with a standard attachment mechanism can accommodate the bucket.
Read More On TheGlobal Excavation And Demolition Market Report Here: https://www.thebusinessresearchcompany.com/report/excavation-and-demolition-global-market-report
The Excavation And Demolition market is segmented -
•By Type: Building Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development
•By Equipment Type: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Equipment
•By End-User: Housing, Healthcare, Industrial, Infrastructure, Commercial, Educational
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Excavation And Demolition market.
The Business Research Company's "Global Excavation And Demolition 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 Excavation And Demolition Market Include:
1. Executive Summary
2. Excavation And Demolition Market Characteristics
3. Excavation And Demolition Market Trends And Strategies
4. Excavation And Demolition Market - Macro Economic Scenario
5. Excavation And Demolition Market Size And Growth
......................
26. Africa Excavation And Demolition Market
27. Excavation And Demolition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Excavation And Demolition Market
29. Excavation And Demolition Market Future Outlook and Potential Analysis
30. Appendix
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