The Global Construction Equipment Industry Analysis is Projected to Grow USD 237.66 billion at a CAGR of 6.6% During the Forecast Period | No of Pages 120

The latest market analysis by Fortune Business Insights report titled "Construction Equipment Market | 2024” presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Construction Equipment Market.

The global construction equipment market size was valued at USD 142.39 billion in 2022. The market is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period.

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List Of Top Key Player Of Construction Equipment Market:

• AB Volvo (Gothenburg, Sweden)

• Caterpillar Inc. (Illinois, U.S.)

• Komatsu Ltd. (Tokyo, Japan)

• Doosan Infracore Co. Ltd. (Seoul, South Korea)

• Hitachi Construction Machinery Co., Ltd. (Tokyo, Japan)

• J.C. Bamford Excavators Ltd. (Rocester, U.K.)

• Liebherr Group (Bulle, Switzerland)

• CNH Industrial N.V. (London, U.K.)

• Hyundai Construction Equipment Co., Ltd. (Seoul, South Korea)

• SANY Group (Beijing, China)

Global Construction Equipment Industry Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.

Recent Developments

• Clairemont Equipment Company collaborated with Komatsu to expand its geographical presence in Los Angeles.

• Liebherr extended its product portfolio of T 274 haul trucks by introducing a new 305t/336 tons haul truck that bridges the gap between T 284 (363 t / 400 tons) and the upgraded T 264 (240 t / 265 tons).

Market Analysis and Insights: Global Construction Equipment Market

The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, and, as a result, provides a holistic view of, as well as a deep insight into the Construction Equipment Market covering all its essential aspects.

For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.

Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:

• North America

• Europe

• Asia-Pacific

• South America

• The Middle East and Africa

Construction Equipment Market Segmentations:

By Equipment Type

• Earthmoving Equipment

• Material Handling Equipment & Cranes

• Concrete Equipment

• Road Building Equipment

• Civil Engineering Equipment

• Crushing and Screening Equipment

• Other Equipment (Trailers, etc.)

By Application

• Residential

• Commercial

• Industrial

By Region

• North America

• Europe

• Asia Pacific

• The Middle East & Africa

• Latin America

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Market Drivers:

Implementation of Innovative Construction Equipment to Navigate Market Growth

Customers across the world are requesting for better fuel-efficient, technologically advanced equipment for boosting constructing activities. Implementation of elevated equipment decreases labour costs, tracing of work done in every phase of development, and further diminishes functioning costs.

Key companies are working relentlessly on extending their business domain by offering products, services or solutions, coupled with fresh values which take complete benefit of Information and Communication Technology and IoT (Internet of Things) technologies.

Furthermore, they are involved in presenting advanced equipment that can not only satisfy customer requirements but also tackle public and ecological issues. Therefore, the end-users are naturally fascinated by these apparatuses. Lately, Black Cat Civil, an Australian company found the Cat Next Gen earthmovers to be a solid counterpart for their technology-based business model.

Table of Content (TOC)

• Chapter 1 Construction Equipment Industry Overview

• Chapter 2 Global Economic Impact on Industry

• Chapter 3 Global Industry Competition by Manufacturers

• Chapter 4 Global Production, Revenue (Value) by Region

• Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

• Chapter 6 Global Production, Revenue (Value), Price Trend by Type

• Chapter 7 Global Industry Analysis by Application

• Chapter 8 Manufacturing Cost Analysis

• Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

• Chapter 10 Marketing Strategy Analysis, Distributors/Traders

• Chapter 11 Industry Effect Factors Analysis

• Chapter 12 Global Construction Equipment Industry Forecast

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Key Benefits of This Market Research:

• Industry drivers, restraints, and opportunities covered in the study

• Neutral perspective on the market performance

• Recent industry trends and developments

• Competitive landscape & strategies of key players

• Potential & niche segments and regions exhibiting promising growth covered

• Historical, current, and projected market size, in terms of value

• In-depth analysis of the Construction Equipment Market

• Overview of the Regional Outlook of the Construction Equipment Market

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