Construction Equipment And Heavy Equipment Market to Reach USD 196.4 Billion By 2026
Market Summary The major contributing factor for the growth of the market for Construction Equipment & Heavy Equipment can be increasing urbanization and industrialization in the developing regions. Market Size – USD 142.3 billion in 2018, Market Growth - CAGR of 4.02%, Market Trends rise of small-form factor in memory devices. The Construction Equipment & Heavy Equipment Market is expected to grow from USD 142.3 billion in 2018 to USD 196.4 billion by 2026, at a CAGR of 4.02% during the forecast period. High demand of construction and heavy equipment from the infrastructure sector, due to rising construction activities, increase in government investment due to rising demand in residential segment, and urbanization and economic growth in the developing countries are some of the driving factors of the market. Some of the key findings from our 3D concrete printing market forecast report: •
APAC dominates the market and is expected to witness highest growth in its CAGR 4.8% during the forecast period, since the region comprises of the largest developing countries, like Japan, China and India, huge investments in the urbanization & industrialization and the growing population of this region. • Infrastructure is expected to witness highest growth CAGR of 4.9% during the forecast period, due to the huge investments of the governments in the infrastructure sector. www.reportsanddata.com
Key participants : Caterpillar Inc., CNH Industrial N.V., Komatsu Ltd., AB Volvo, Hitachi Construction Machinery Co. Ltd., JC Bamford Excavators Ltd. (JCB), Hyundai Heavy Industries Co. Ltd., Liebherr Group, Doosan Infracore Co. Ltd and Terex Corporation Segmentation: •
Market by machinery type (Revenue, USD Million; 2018-2026): •
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Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others
Market by applications (Revenue, USD Million; 2018-2026) •
Excavation & Demolition, Heavy Lifting, Material Handling, Recycling & Waste Management, Tunneling
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Regional Construction Equipment And Heavy Equipment Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The report emphasizes the following key questions: • Q.1.What are the most lucrative and promising growth prospects for the market? • Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4.Which factors are impacting the future of the market and what are the driving factors? • Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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