Construction Equipment Aftermarket Trends, Analysis & Forecast,2027

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Construction Equipment Aftermarket Regional
Statistics Growth Forecast 2021-2027
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Industry Insights

• The global construction equipment aftermarket
  would account for an overall remuneration of USD
  30 billion by the end of 2027. Rising investment
  in construction activities worldwide is a
  testament to this market expansion.
• It is unsurprising to note that the population
  worldwide is growing at an unprecedented pace
  today, resulting in a sturdy rise in the need for
  construction of new buildings, road
  infrastructure, bridges, and more. According to
  the latest report by ICEs Global Construction
  2030 forecast, the construction industry
  worldwide is projected to grow by 85 to USD 15.5
  trillion by 2030 end.
• This offers a lucrative opportunity for the
  growth in the demand for construction equipment,
  presenting a developmental path to the
  construction equipment aftermarket over
  2021-2027.

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• Spare parts have an impeccable role to play in
  enhancing the productivity, efficiency, and
  performance of the construction equipment, which
  is why the construction equipment aftermarket is
  projected to grow at an appreciable pace in the
  coming years.
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  131
• The novel outbreak of coronavirus pandemic has
  had a severe impact on the global construction
  industry during the first half of 2020. This has
  indeed affected the sales curve of construction
  equipment aftermarket owing to the shutdown in
  construction sites and disruptions in the
  logistics and supply chains.

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Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/industrial-cooling-system-market Chapter
5 Construction Equipment Aftermarket, By
Product 5.1 Key trends, by product 5.2
Earthmoving roadbuilding equipment 5.2.1
Market estimates and forecast, 2017 2027 5.2.2
Hydraulic Systems 5.2.2.1 Market estimates
and forecast, 2017 2027 5.2.3 Engine Parts
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5.2.3.1 Market estimates and forecast, 2017
2027 5.2.4 Axle Transmission Parts 5.2.4.1
Market estimates and forecast, 2017
2027 5.2.5 Others 5.2.5.1 Market
estimates and forecast, 2017 2027

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Region

• For the uninitiated, 60 of the worlds
  population (nearly 4.3 billion people) is
  currently residing in the APAC region. Besides,
  the urban population in the region is anticipated
  to surpass 3.3 billion counts by 2050 end,
  significantly enunciating the need for
  construction and construction equipment. Frequent
  use of construction equipment would result in
  component failure, leading to a spurt in the
  demand for spare parts.
• Considering this rising demand, various
  construction companies operating in the region
  are taking up strategic initiatives like
  partnerships and collaborations, acquisitions,
  product developments, and more to consolidate
  their position in the overall market. A recent
  example for the aforesaid can be offered by Sany
  India and Putzmeister.

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Key Players

• Volvo Construction Equipment
• The Manitowoc CompanyInc.
• Terex Corporation
• Tadano Limited
• Palfinger AG
• Liebherr Group
• John Deere
• Caterpillar Inc.

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