Press release
Market Insight : Construction Equipment Market Globally Grow at a CAGR of 11.55% by Revenue During the Forecast Period 2017-2020
Construction equipment is used to perform multiple tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Construction equipment has many uses in the building and realty sector. This type of equipment includes excavators, loaders, construction tractors, graders, rollers, scrapers, conveyors, cranes, compactors, and pavers.
Technavios analysts forecast the global construction equipment market to grow at a CAGR of 11.55% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global construction equipment market for 2016-2020. To calculate the market size, we have considered the revenue generated by the sale of construction equipment worldwide. Also, as part of the scope for the report, we have considered the end use of construction equipment in the infrastructure and residential construction sectors only. Based on geography, the report is segmented as follows:
Americas
APAC
Europe, the Middle East, and Africa (EMEA)
Technavio's report, Global Construction Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Caterpillar
Deere
Komatsu
Terex
Volvo
Other prominent vendors
CNH Industrial
Doosan Infracore
Manitou Americas
Guangxi Liugong Machinery
Hidromek
JCB
Guangxi Liugong Machinery
Lonking Holdings
Sany Heavy Industry
Shantui Construction Machinery
Sumitomo Heavy Industries
XCMG
Xiamen XGMA Machinery
Market driver
Growth in high-rise building construction
For a full, detailed list, view our report
Market challenge
Ability to meet changing customer demands and expectations
For a full, detailed list, view our report
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Market trend
Increased demand for energy-efficient construction equipment
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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