Construction Equipment Market | Global Industry Professional Survey and In-depth Analysis Research Report Foresight to 2022

Global Construction Equipment Market - Overview
Construction equipment is a critical tool for all construction projects. They are used at construction sites for reducing time and labor cost. The market is expected to continue with the moderate growth trend during the forecast period. There have been few factors driving the market such as increased demand from BRIC countries supporting the growth for construction equipment, construction development in Russia as it hosts 2018 FIFA world cup, and high demand from Brazil.

Huge investments in infrastructural projects in BRIC countries have spurred the demand for heavy construction equipment for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to heavy machinery.

Market Highlights
Construction equipment market players follow various strategies like agreements, expansion, joint ventures, partnerships and contracts to acquire a larger share in market. Countries with emerging markets are being focused by construction equipment providers which are expected to show a huge potential for industrial developments in the future. The major driver for growth of this sector is the increasing investments done to improve infrastructures. The major factors that will affect the construction equipment market in near future are global economic growth, public private partnerships, increase in oil prices, increasing government expenditure in infrastructure development, industrial, commercial and residential investments and a few more. The market is expanding with the increasing demand for residential & industrialization and commercial infrastructure developments. Improving economic conditions are also helping in growth of this sector.

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Global Construction Equipment Market - Competitive Analysis
Construction equipment manufacturers have been more focused on launching new products in the market due to technical advancement, increasing demand for heavy equipment, and to have a competitive advantage. North American heavy equipment manufacturers introduced many new products in the market especially in the Asia-Pacific region due to high growth in construction activities in those regions. In order to strengthen their market position outside Asia-Pacific, many Asia-Pacific companies focused on growing in Europe and North America through Mergers & Acquisitions, and by signing various agreements for technical collaborations.

Key Players
The key players of global Construction Equipment market report include- AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, Kobe Steel Ltd., Liebherr Group, Atlas Copco AB, and Hyundai Heavy Industries Co., Ltd.

Market Research Analysis:
The construction equipment market is constantly enhancing with changing technologies and huge infrastructure developments. The companies in this market rely on local and regional distributors to enhance the geographical presence in the market. Inorganic growth strategies such as acquisitions are followed by companies to cope with increasing demand for construction equipment in key markets. This helps companies to create a large customer and partner base in key markets. The change in operating conditions and applications requirements for construction equipment make it necessary for manufacturers to invest in R&D to come up with new products.

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APAC will be the largest market
APAC will be the largest region in construction equipment market in terms of revenue. Increasing urbanization and industrialization will be the major factors in growth of this region. Developing markets are experiencing a huge demand for construction equipment creating opportunities for huge investments in this region

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