Fortune Business Insights‘ “Construction Equipment Market” research includes industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, constraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and an annual forecast through 2030. The Construction Equipment Industry Report 2024-2030, an authoritative source of statistics surveying, can help your company expand much quicker.
The global construction equipment market size was valued at USD 142.39 billion in 2022 and 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 of 2023-2030. Asia Pacific dominated the construction equipment market with a share of 41.45% in 2022.
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The leading players in the global Construction Equipment industry are:
AB Volvo (Sweden), Caterpillar Inc. (U.S.), Komatsu Ltd. (Japan), Doosan Infracore Co. Ltd. (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), J.C. Bamford Excavators Ltd. (U.K.), Liebherr Group (Switzerland), CNH Industrial N.V. (U.K.), Hyundai Construction Equipment Co., Ltd. (South Korea), SANY Group (China)
Competitive Landscape & Company Profiles:
The competition landscape and company profile chapters of the market study cover the key players in the Construction Equipment Market. The leading market players are assessed based on their product and/or service offerings, financial statements, key advancements, market strategy, market position, geographical penetration, and other important factors. The chapter also goes over the strengths, weaknesses, opportunities, and threats (SWOT analysis), winning imperatives, present emphasis and tactics, and competitive threats for the top three to five market participants. Furthermore, the list of firms included in the market analysis may be adjusted to meet the client’s specific demands.
Reasons to Purchase this Report:
- A complete assessment of the market’s growth drivers, barriers, opportunities, and other problems.
- Follows developments such as new product releases, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Determines market constraints and boosters.
Industrial Summary:
The Construction Equipment Market involves a diverse range of machinery used in building and infrastructure projects, from excavators and bulldozers to cranes and loaders. The market is expanding due to increased urbanization, infrastructure development, and technological advancements, which are improving equipment efficiency and safety.. Recent industry developments are;
- 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).
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Construction Equipment Market Research Objectives:
- Concentrates on key manufacturers to define, describe, and investigate their value, sales volume, market share, competitive landscape, SWOT analysis, and future development plans.
- To disseminate comprehensive information on the key market growth factors.
- Analyze individual future prospects, growth patterns, and their impact on the whole market.
- Consider plausible market developments such as partnerships, expansions, new product launches, and acquisitions.
- To systematically characterize important players and examine their growth plans.
Regional Analysis:
- North America (U.S., Canada and Mexico)
- Europe (U.K., France, Germany, Italy, Spain, Benelux, Russia, Nordics, and the Rest of Europe)
- Asia Pacific (India, Japan, South Korea, ASEAN, China, Oceania, and the Rest of Asia Pacific)
- Middle East and Africa (Turkey, Israel, North Africa, GCC, South Africa, and the Rest of the Middle East & Africa)
- South America (Argentina, Brazil, and the Rest of South America)
Report Drivers & Trends Analysis:
The report also discusses the market growth drivers and restraints, as well as their specific impact on demand during the forecast period. This report also covers growth factors, developments, trends, challenges, limitations, and growth opportunities. This section focuses on Construction Equipment Market trends and changing dynamics. Furthermore, the study offers a forward-looking perspective on various factors that are expected to drive overall market growth.
Key Drives:
- Rapid urbanization and infrastructure development globally.
- Technological advancements leading to more efficient and durable equipment.
Restraining Factors:
- High maintenance costs and volatility in raw material prices.
- Stringent environmental regulations impacting equipment production.
Key questions answered in the report:
- What is the historical global market size for Construction Equipment Market?
- What are the current market forecasts and estimates?
- What are the key drivers, restraints, and opportunities in the Construction Equipment industry?
- Who are the main players in the Construction Equipment Market, and what is their market share?
- How is the competitive landscape?
- What are the most recent developments in Construction Equipment industry?
- What are the various strategies used by the major market players?
- What are the geographical trends and the countries with the highest growth rates?
- Who are the local emerging players in the global Construction Equipment Market, and how do they compete with the established players?
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments – Mergers, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Advancements
- Value Chain Analysis
TOC Continued…!
FAQs: –
What are the global market’s sales, production, consumption, imports, and exports (North America, Europe, Asia-Pacific, South America, the Middle East, Africa)?
Who are the major manufacturers that dominate the global market?
What are their current capacity, production, sales, pricing, cost, gross, and revenue levels?
What are the market’s risks and opportunities?
Conclusion
This Construction Equipment Market research report is a valuable resource for stakeholders seeking to make informed decisions and capitalize on growth opportunities in the [industry/sector]. Businesses can foster innovation and achieve long-term growth if they understand market trends and consumer behaviors.
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