Construction Equipment Market Size & Regional Growth Share is Expected to Reach USD 205.05 Billion by 2032, to grow at a CAGR of 3.1% | PMR

The global Construction Equipment Market industry size was valued at USD 155.79 billion in 2023. The market is anticipated to grow to USD 205.05 billion by 2032, exhibiting a CAGR of 3.1% during the forecast period from 2024 to 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/construction-equipment-market/request-for-sample

The latest market research report titled, "Construction Equipment Market By Equipment Type, Equipment Category, Power Output (400 HP), Application, Region - Global Forecast to 2032," offers an in-depth analysis of a rapidly growing sector. The research report covers all the major industry aspects, including market size, share, recent developments, and growth drivers, stakeholders need to know. Besides, regional analysis and segmental overview of the market have been included.
Construction equipment, also referred to as heavy equipment or construction vehicles, is heavy-duty machinery specifically designed to perform or assist in construction activities. Construction equipment encompasses a wide range of machines and accessories, including bulldozers, loaders, dump trucks, crawlers, and dozers. Besides, concrete mixer trucks, excavators, and forklifts are also a part of these equipment. Construction equipment is intended to perform a wide range of functions like hauling, drilling, grading, lifting, and pivoting, amongst others. These equipment find applications in the commercial, residential, and infrastructure sectors.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The global construction equipment market is highly competitive and dominated by the presence of numerous well-established players. These firms boast a strong market presence across the globe and provide a wide range of products. Some of the major players operating in the industry include:

• AB Volvo
• Caterpillar, Inc
• CNH Industrial America LLC.
• Deere & Company
• Doosan Corporation
• Escorts Limited
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Construction Equipment Co., Ltd.
• J C Bamford Excavators Ltd.
• Komatsu Ltd.
• KUBOTA Corporation
• LIEBHERR
• MANITOU Group
• SANY Group
• Wacker Neuson SE
• XCMG Group
• Zoomlion Heavy Industry Science & Technology Co., Ltd.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3357/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The market segmentation is primarily based on equipment type, equipment category, power output, application, and region. Based on equipment category analysis, the material handling equipment segment dominated the industry owing to its versatility and numerous applications at job sites. Based on power output category analysis, the

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