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Heavy Construction Equipment Market Size - Industry Outlook Report 2021

07-06-2017 12:28 PM CET | Industry, Real Estate & Construction

Press release from: RNR Market Research

Heavy Construction Equipment

Heavy Construction Equipment

Heavy Construction Equipment Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 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.

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The segmentation considered for this report is based on type, end-use sector, application, and region that constitute the key markets. In terms of application, excavation and demolition held the largest market share, in terms of value and it is projected to grow at the highest CAGR. Factors such increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations are driving the growth of the excavation and demolition segment in heavy construction equipment market. On the basis of end-use industry, this market has been categorized into construction and manufacturing, oil & gas, public work, rail & road, mining, and others, which include military, forestry, and agriculture. The construction and manufacturing sector is projected to grow at the highest CAGR during the forecast period, due to the rise in public and private investments in the infrastructure sector in the emerging economies of Asia-Pacific, the Middle East, and Latin America.

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.1.1 Evolution
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By End-Use Industry
5.2.3 By Application
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Investments in the Construction Industry
5.3.1.2 Rapid Urbanization
5.3.1.3 Rising Demand From Developing Countries
5.3.1.4 Rapid Technology Advancement
5.3.2 Restraints
5.3.2.1 Stringent Government Regulations
5.3.2.2 Socio-Economic Effects of Heavy Construction Activities
5.3.3 Opportunities
5.3.3.1 Renting Or Leasing of Equipment
5.3.3.2 Agreements & Contracts, Joint Ventures, and Mergers & Acquisitions
5.3.4 Challenges
5.3.4.1 High Cost of Equipment
5.3.4.2 Lack of Skilled Labor Force, and Maintenance & Repair-Related Issues
5.4 Macro Economic Indicator
5.4.1 Trends and Forecast of the Construction Industry and GDP
5.4.2 U.K. and Germany to Spend the Largest Amount for Growth of the Construction Industry, in Europe
5.4.3 China and India to Spend the Largest Amount for the Construction Industry in Asia-Pacific
5.4.4 Saudi Arabia to Spend the Largest Amount for Construction Industry in the Middle East & Africa
5.4.5 Brazil to Spend the Largest Amount for Construction Industry in Latin America

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11 Company Profile

(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent 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 International Holdings Co. Ltd
11.10 CNH Industrial N.V.

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