According to a new market report published by Credence Research Inc “Construction Equipment Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the construction equipment market is expected to reach US$ 230.5 Bn by 2022, the market for construction equipment is expected grow with rising investments in construction sectors supported by improving economic conditions across the world. In addition, flexible credit policies to purchase construction equipment are also expected to fuel the demand for construction equipment. The growing construction rental sector represents a positive outlook for the construction equipment industry.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/construction-equipment-market
Earthmoving equipment accounted for the largest revenue share compared to other types of construction equipment in 2014. The earth-moving equipment segment includes loaders, excavators, bulldozers and other equipment used for trench digging, foundation building, loading and other earthmoving applications. The demand for earthmoving equipment is expected to grow with increasing urbanization across the world. Loader is the most selling earthmoving equipment type in terms of volume. The material handling equipment segment is expected to see the fastest growth through the forecast period. Rising investment in the energy sector and the construction of bridges to improve transportation networks is expected to fuel the demand for material handling equipment.
The Asia Pacific is the largest regional market for construction equipment and accounted for more than half the revenue share in the global construction equipment market. Rising investment in the construction sector in India and China to support their economic developments is the primary factor expected to influence the demand for construction equipment. In North America and Europe demand for construction equipment is expected to increase steadily with the replacement of old equipment with advanced equipment. China is the largest individual market for construction followed by the U.S. The significant demand for construction equipment is also expected from emerging economies such as Brazil, South Africa, and Russia.
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/57745
The global construction equipment market is dominated by Caterpillar.
Some other recognized players in this industry include Komatsu (Japan), Hitachi (Japan), Volvo (Sweden), Liebherr (Switzerland), Zoomlion (China), Sany (China), Doosan (South Korea), Terex (U.S.), and John Deere (U.S.). Global manufacturers are facing a challenge from low-cost Chinese manufacturers, particularly in emerging and price-sensitive markets.
Report Scope by Segments
By Product Type
- Earth Moving Equipment
- Other (Bull Dozers, Scrappers, etc)
- Construction Vehicles
- Other (Tankers, Tippers, etc)
- Material Handling Equipment
- Others (Conveyors, Hoists, etc)
- Concrete and Road Construction Equipment
- Concrete Mixers and Pavers
- Crushing and Road Construction Equipment
- Other(Pumps, Road Rollers, etc)
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)