Title: Construction Equipment Market Development Trends and Growth Drivers Analysis by 2024
1Construction Equipment Market Application
Regional Analysis over 2019 - 2024
- In European countries, the increasing involvement
of the regional governments in infrastructure
development has been generating lucrative
opportunities for the construction equipment
market contenders. More precisely, the shifting
focus of governments and regulatory bodies toward
the deployment of renewable energy facilities
along with the implementation of smart city
development programs have been tremendously
pushing the need for construction equipment. - In line with the rapidly growing number of
construction activities, the sales of
construction and earthmoving equipment across UK
grew considerably in the second quarter of 2018
as compared to the same period in 2017. Driven by
the growing demand for construction machinery
along with the rapidly propelling infrastructural
development activities, construction equipment
market will surpass a revenue collection of USD
170 billion by the end of 2024.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2- Construction Equipment Market Scenario
- The rise in the sales of construction equipment
across European countries has been encouraging
leading product manufacturers to invest in
research and development activities to launch new
product portfolios. In addition, many
construction and earthmoving equipment
manufacturers have been focusing on expanding
their regional footprints with mergers and
acquisitions as well as with new facility
establishments. - Validating the aforementioned fact, a few days
before, Molson, one of UKs construction
equipment specialists, secured a 6.3 million
investment from UKs most active investment
company, BGF. With the help of this investment,
it is planning to expand its sales and aftersales
services of construction equipment across UK.
Additionally, it is looking forward to
constructing a new parts center and extra depots
as well. - The changing focus of construction equipment
suppliers toward establishing long-term
relationships with customers and renowned OEMs is
poised to boost industry growth over the years
ahead. The adoption of frequent facility and
dealer network expansion strategies is also
deemed to emerge highly beneficial for the
players in construction equipment industry.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3Request for a Sample Copy of this Report
_at_https//www.gminsights.com/request-sample/detail
/2803
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4- The Asia Pacific construction equipment market
will witness a strong growth owing to the growing
government focus toward the construction sector.
Initiatives, such as Make in India and Made in
China 2025, supporting the infrastructure sector
will favor the industry growth. Initiation of
projects, such as South-North Water Transfer
Project in China, will propel the industry demand
in the region. The development of smart city
projects in Singapore will surge the demand for
high-performance machinery.
- In addition to capacity expansion, Molson and BGF
plan to work on further acquisitions.
Incidentally, Molson has already secured the
distribution rights of the Terex Finlay machinery
for Wales, England, and the Channel Islands. The
combined approach of service providers and
financial companies to invest in the improvement
of existing infrastructure is certain to
influence Europe construction equipment market
trends.
Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
2803
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5Latest Research Report On Construction Equipment
Market _at_ https//www.gminsights.com/industry-anal
ysis/construction-equipment-market Request for
sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
2803 Request for customization
https//www.gminsights.com/roc/2803
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com