Construction Equipment Market Overview Till 2022 Industry Insights Trends Analysis and Forecast

Market Overview:

The global construction equipment market size is expected to cross USD 200 billion mark by the end of the forecasted with a reportable growth of approximately 8% by 2022.

Construction equipment is a critical tool for all construction projects. They are used at construction sites for reducing time and labor cost. The growth for construction equipment market is driven by technological developments and their adaptations. Furthermore the infrastructural growth along with rapid urbanization is augmenting the market for the same. The largest end use market for this product is infrastructure especially in emerging markets like India, China and Brazil. Decent growth is experienced by construction equipment market because of heavy investments done in the infrastructure market with an objective of accommodating smart commercial and residential buildings.

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Scope of the report:

This study provides an overview of the global construction equipment industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global construction equipment market as equipment, application and end-use.

On the basis of equipment it is segmented as earth moving, material handling, concrete, and others. On the basis of Application it is segmented as oil & gas, infrastructure, construction, agriculture, mining and others. On the basis of end-use it is segmented as lifting & material handling, earth moving, excavation, transportation, and others.

Market Application:

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.

Key Players:

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,
Hyundai Heavy Industries Co. Ltd.

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