Heavy Construction Equipment Market Research Report - Forecast to 2027

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Global Heavy Construction Equipment Market
Forecast to 2027
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• Global Heavy Construction Equipment Market, By
  Types (Earthmoving Equipment, Material Handling
  Equipment), by applications (Mining Excavation,
  Earthmoving, Transportation), end users (Oil
  Gas Industry, Construction Industry, Military,
  Mining) - Forecast to 2027
• Heavy Construction Equipment Global Market
• Heavy construction equipment has been proved as a
  backbone for construction industry in order to
  save a lot of time and labour cost. There are
  several equipment that serve various purpose at
  construction sites. Various activities including
  earthmoving, material handling, transporting
  materials, etc. are catered by heavy construction
  equipment. High investments of construction
  industry in BRIC countries are driving the growth
  for heavy construction equipment market.
  Additionally, the need of satisfying rising
  infrastructure demand by growing population will
  enhance the growth prospects of heavy
  construction equipment market. The lucrative and
  high investment areas of construction industry in
  emerging economies and organization of upcoming
  world sports such as FIFA World Cup and Olympics
  will boost the demand for heavy construction
  machinery. The global heavy construction
  equipment industry growth is directly related to
  the worldwide infrastructural development
  activities. Addition of new technologies to the
  existing systems has been an ongoing trend within
  the market. Adoption of these equipment has been
  increasing over the time. High cost of heavy
  construction equipment is one of the major
  factors supporting retrofitted equipment. Some of
  the major players operating within heavy
  construction equipment market arena include
  Caterpillar, Terex, Komatsu Ltd, CNH, John Deere,
  Oshkosh Corp., and Kobelco Cranes.
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• Heavy Construction Equipment Global Market -
  Competitive Analysis
• The global market for heavy construction
  equipment looks highly competitive. To maintain
  the market position and to drive the market
  growth, various dynamic and diversified
  international organizations, domestic
  organizations and as well as new entrants form a
  competitive landscape. Market leaders are
  innovating continuously and increasingly seeking
  market expansion through various strategic
  mergers and acquisitions, product launch,
  innovation, increasing investments in research
  and development and cost-effective product
  portfolio. Major players are investing on
  internal RD and, most of all, in acquiring other
  firms.
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• Key Players Caterpillar (US), Cnh Global NV
  (Netherlands), Doosan Infracore Ltd (South
  Korea), Hitachi Construction Machinery (Tokyo),
  Hyundai Heavy Industries Ltd (South Korea), JCB
  (UK), John Deere Co (US), Kobelco Construction
  Machinery Co. Ltd (Japan), Komatsu Ltd (Japan),
  Liebherr-International Ag (Switzerland), Manitou
  Group (France), Manitowoc Group (US), Oshkosh
  Corporation (US), Sany Heavy Industries Co. Ltd
  (China) and Sumitomo Heavy Industries Ltd (Japan)
  are some of the prominent players profiled in
  MRFR Analysis and are at the forefront of
  competition in the Global Heavy Construction
  Equipment Market.

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• Industry NewsIn May, 2017 Recently,
  Caterpillar acquired a start-up Yard Club that
  facilitates contractor-to-contractor equipment
  rental. Although the terms of the deals has not
  yet been disclosed by both the companies. Upon
  this acquisition, Yard Club will begin to work
  with Caterpillar dealers and helping them to sell
  as well as rent the heavy construction equipment
  to the contractor and construction crews. This
  acquisition will enhance the company to expand
  its distribution network which will create a
  positive impact on the global heavy construction
  equipment market.In December, 2016 JCB India
  launched seven new products at Bauma ConExpo.
  With the launch of these products, the company
  positioned itself as a full range infrastructure
  equipment partner. Moreover, the growing
  construction industry has been the major reason
  behind this product launch. The growing
  construction industry has resulted in growth of
  heavy construction equipment market.In December,
  2017 - John Deer completed its acquisition of
  Wirtgen Group, which is a leading manufacturer of
  road construction equipment. With this
  acquisition, the Wirtgen Group will improve and
  enhance John Deer construction equipment business
  which will result in the companys global growth.
  This acquisition is expected to boost up the
  heavy construction equipment market.

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