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Construction Equipment Spare Parts Market 2024 | Valuates Reports
Construction Equipment Spare Parts MarketThe global Construction Equipment Spare Parts market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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Report Scope
The market for replacement parts for construction equipment is expanding rapidly as a result of the rising demand for building projects throughout the world. Maintaining and repairing construction equipment is crucial to ensuring operating efficiency and minimizing downtime as infrastructure projects grow and urbanization picks up speed. In order to maintain the proper operation of equipment like excavators, loaders, and cranes, there must be a consistent supply of replacement parts available, especially in developing countries where there is an increasing number of building projects. The market is growing as a result of the increase in building activities, which immediately drives up demand for spare parts.
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Segment by Type
• Engine Parts
• Undercarriage Parts
• Hydraulic Parts
• Others
Segment by Application
• Excavator
• Loaders
• Compactors
• Dump Truck
• Bulldozers
• Others
By Companies
Topy Industry, Thyssenkrupp, XCMG, Titan International, Caterpillar, Shantui, Komatsu, John Deere, USCO, Hitachi Construction Machinery, Verhoeven Group, Taiheiyo Seiki, Hoe Leong, Valuepart, Daechang Forging, Hengli Hydraulic, ZF Aftermarket, Geith
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