Construction Equipment Market to Reach $288.8 Billion, Globally, by 2022

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Opportunity Analysis and Industry Forecast,
2016-2023
Construction Equipment Market
Global Opportunity Analysis and Industry
Forecast, 2014-2022
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Construction Equipment Market is expected to
garner 288.8 billion by 2022, registering a CAGR
of 9.2 during the forecast period 2016-2022.
Construction equipment, also known as heavy
equipment are specially designed machinery for
performing construction operations. These
equipment are used for different functions such
as drilling, hauling, excavating, paving and
grading. The world construction equipment market
covers different industries including
manufacturing, oil gas, forestry, military and
public works. The construction equipment,
commonly known as heavy equipment are machinery
having applications in excavation and mining,
lifting and material handling, earthmoving,
transportation and other areas. In developing
economies such as Asia-Pacific, rapid
urbanization and industrialization would propel
the demand for construction equipment in coming
years. Increasing number of infrastructure
projects in Asia-Pacific and LAMEA is expected to
boost the construction equipment market in the
near future. North America is also expected to
grow at a notable pace on account of an upswing
in residential construction activities.
Construction Equipment Market Overview -
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The demand for earthmoving equipment is
relatively higher in Asia-Pacific and North
America on account of their usage in digging,
foundation building, loading and for other
purposes. Further, rising investments in energy
sector and infrastructure sector is expected to
drive the market for lifting and material
handling equipment in Asia-Pacific. Presently,
product launch strategy drives the market. Key
players operating in the market have launched
equipment with improved features in order to
strengthen their foothold. In 2014, Caterpillar,
a leading player in the market, introduced a
modified loader, Cat 424 B with advanced
features and better fuel efficiency. The report
analyses the world construction equipment based
on type, solution, application, industry and
geography. Based on type, the market is divided
into loaders, cranes, forklifts, excavators,
dozers, and others. On the basis of application,
it is categorized into excavation mining,
lifting material handling, earthmoving,
transportation, and others. Read more at
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se/construction-equipment-market.html
Construction Equipment Market Overview -
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TOP FACTORS IMPACTING CONSTRUCTION EQUIPMENT
MARKET
Construction Equipment Top Impacting Factors -
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Industrial, residential and commercial
development- As per the current market
scenario, construction equipment market is
expected to grow on account infrastructural
development. The construction equipment market is
rapidly expanding with the growing demand for
industrialization and residential commercial
infrastructure developments. Global economic
growth- In 2008, the growth of the construction
equipment market was sluggish owing to the
unfavorable existing economic conditions in many
countries. However, improving economic conditions
and decreasing unemployment have led to the
increase in infrastructure investments, thereby
driving the construction market significantly.
Construction Equipment Top Impacting Factors -
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Public-private partnerships (PPP)- Public-privat
e partnership is a concept of partnership between
government and private sector companies. This
partnership is encouraging substantial private
sector investments in infrastructural
development, thus boosting the growth of the
construction equipment market. Carbon
emission- Construction equipment use diesel as
fuel for its operations. Use of such fuel
intensifies the emission of CO2 and further
increases carbon footprints. Carbon emission has
severe health side effects. The increasing level
of carbon emissions poses a major challenge to
the growth of the construction equipment market.
Thus, companies are now focusing on finding
alternate energy sources to reduce the carbon
emission from the machines.
Construction Equipment Top Impacting Factors
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Construction Equipment Market Segmentation -
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• KEY BENEFITS
• This study provides an in-depth analysis of the
  construction equipment market to elucidate the
  imminent investment pockets.
• The report provides information regarding key
  drivers, restraints, and opportunities with a
  detailed impact analysis.
• Porters five forces analysis highlights the
  potency of suppliers buyers and describes the
  competitive scenario of the market, which is
  expected to facilitate efficient business
  planning.
• Value chain analysis provides key inputs on role
  of key intermediaries involved, which is expected
  to help stakeholders in devising appropriate
  strategies.
• This report presents a detailed quantitative
  analysis of the current trends and future
  estimations through 2016 and 2022, which assist
  in identifying the prevailing market
  opportunities.

Construction Equipment Market key Benefits -
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• Key findings of Construction Equipment Market
• In 2015, APAC was the largest revenue generating
  region, followed by North America.
• Public works and rail road industry would account
  for around 45 of the global construction
  equipment market revenue by 2022.
• Loaders was the largest revenue generating
  segment in 2015.
• Lifting material handling application is
  anticipated to be the fastest growing segment
  during 2016-2022.
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Construction Equipment Market key Findings -
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• Construction Equipment Market Profiled Key Market
  Players-
• AB Volvo
• Caterpillar Inc.,
• Komatsu Ltd.,
• Doosan Heavy Industries Construction Co. Ltd.,
• Hitachi Construction Machinery Co. Ltd.,
• J.C. Bamford Excavators Limited,
• Kobe Steel Ltd.,
• Liebherr Group,
• Atlas Copco AB,
• CNH Industrial N.V
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  e/652

Construction Equipment Market key Players -
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