Market Definition
Construction equipment market is estimated to reach $330 bn by 2031. This is due to the growing construction industry and massive investments in infrastructure development.
Market Outlook
Some of the key trends in the construction equipment market include:
- Increasing demand for infrastructure development: The need for infrastructure development is increasing globally, especially in developing countries. This is due to the growing population and the rise in urbanization. As a result, there is a growing demand for construction equipment such as excavators, bulldozers, and cranes.
- Growing construction industry: The construction industry is growing due to the increasing demand for infrastructure development. This is resulting in the increased use of construction equipment.
- Increasing adoption of new technologies: Construction equipment manufacturers are increasingly adopting new technologies to improve the efficiency of their products. For instance, many manufacturers are now using 3D printing technology to create prototypes of new construction equipment. This helps to reduce the time and cost of developing new products.
- Growing demand for rental services: There is a growing demand for rental services of construction equipment due to the high cost of buying new equipment. This is especially beneficial for small and medium-sized construction companies.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives.
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Market Segments
The Construction Equipment Market has been segmented into Product, Propulsion, and Region. Based on the Product, the Construction Equipment Market is bifurcated into Earthmoving & Roadbuilding Equipment, Material Handling, and Crane, and Concrete Equipment. On the basis of Propulsion, the market is bifurcated into Diesel and CNG/LPG/RNG. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
Some major key players of Construction Equipment Market are Caterpillar Inc. (US), CNH Industrial (UK), Doosan Group (South Korea), Guangxi LiuGong Machinery Co.Ltd. (China), Hitachi Construction Machinery Co. Ltd. (Japan), J.C. Bamford Excavators Limited (UK), John Deere (US), Kobelco Construction Machinery Co. Ltd. (US), Komatsu Ltd. (Japan), and Liebherr Group (Switzerland).
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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