Heavy Construction Equipment Market – Competitive Landscape, Mergers, Acquisition and Collaborations, Global Forecast to 2021

RnRMarketResearch Add New “Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region - Global Forecast to 2021” Market Research Report to It’s a Database.

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The heavy construction equipment market size is projected to grow at a CAGR of 7.0% during the forecast period of 2016 – 2021 and reach USD 180.66 billion by 2021. The heavy construction equipment market is gaining momentum in the modern construction industry due to factors such as geographical expansion in emerging markets and adoption of heavy construction equipment offers lucrative opportunities for market player in the next 10 years. Other factors driving the heavy construction equipment market are rapid urbanization and increase in investments in the construction and manufacturing industry.

The excavation & demolition segment, by application, is estimated to dominate the heavy construction equipment market and is projected to be the fastest-growing segment during the forecast period. The CAGR for this segment is projected to grow at a higher rate over the next five years, owing to the increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.

In 2015, Asia-Pacific accounted for a larger market share of the total heavy construction equipment market, in terms of value, followed by the Middle East & Africa. The European market is projected to grow at a comparatively lower rate than other regions as a result of weak construction demand in the region due to sub-performing economic condition. Asia-Pacific is projected to register the highest growth from 2016 to 2021, while India is projected to be fastest-growing country-level market in the region for the heavy construction equipment market.

The Middle-East & Africa region is projected to grow at the second-highest CAGR between 2016 and 2021, with South Africa registering the highest growth rate in the region.

Breakdown of Primaries:

Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the heavy construction equipment market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as constructors, manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 –35%, Tier2 –30%, and Tier 3 –35%
• By Designation: C Level –65%, Manager Level –35%
• By Region: North America –25%,Europe –28%,Asia-Pacific –22%,Latin America–10%, and the Middle East &Africa – 15%

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Key points from table of content :

Company Profiles :

(Overview, Products & Services, Strategies & Insights, Developments)*

11.1 Caterpillar Inc.
11.2 Liebherr AG
11.3 Terex Corporation
11.4 Volvo Construction Equipment
11.5 Komatsu Ltd.
11.6 Doosan Infracore Ltd.
11.7 Hitachi Construction Machinery Co. Ltd.
11.8 JCB Ltd.
11.9 Sany Heavy Equipment Inter

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