The construction equipment market in terms of value is projected to grow $125.4 Billion and mining equipment market to grow $134.7 Billion in 2019 at a CAGR of 4.34% and 8.42% respectively.
Dallas, TX -- (SBWIRE) -- 11/19/2014 -- The report "Construction & Mining Equipment Market by Products (Excavators, Loaders, Articulated Dump Trucks, Motor Graders, Mining Grill & Breakers, Underground Mining Machinery, and Others), by Application, and by Region - Global Trends & Forecasts to 2019", classifies and defines the construction equipment market in terms of volume & value and in terms of value for mining equipment market. The report highlights potential growth opportunities in the coming years as well as covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to construction and mining equipment market.
Browse 77 market data tables and 70 figures spread through 250 pages and in-depth TOC on "Construction & Mining Equipment Market - Global Trends & Forecasts to 2019".
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Asia-Pacific: The Largest and Fastest Growing Construction and Mining Equipment Market
The Asia-Pacific region includes countries such as China, Japan, and India and others (such as Indonesia, South Korea, Vietnam, and Australia). With a ton of infrastructural opportunities and government initiatives the market for construction and mining equipment market is expected to grow with a promising CAGR. Robust economic growth, an expanding population and rapid urbanization are also aiding and supporting growth rates across Asia-Pacific region. Other than Asian manufacturers such as Komatsu (Japan), Hitachi (Japan), Zoomlion (China) the region has also strong presence of major European and U.S. equipment manufacturers such as Caterpillar Inc. (U.S.), Joy Global (U.S.), Terex (U.S.), JCB (U.K.), and Volvo Construction Equipment (Sweden).
North America: Stable Demand for Construction and Mining Equipment
The North American region comprises of the U.S., Mexico, and Canada. Mexico is an emerging market in this region. The region is presently under a period of regional recovery and increased construction activity is expected to support the demand for construction and mining equipment. Growth is anticipated to be kept afloat by government stimulus packages, rising employment rates, increased construction activity and improvements in consumer confidence.
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Europe: Slowly Reviving Market
The European region includes countries such as Germany, the U.K., France, Spain, Italy and others (Poland, Netherlands, Belgium, and Czech Republic). As a result of the global economic crisis, that has still not left Europe completely, the region reported slow growth during the review period. Infrastructure activities are expected to slow down with limited growth forecast in both non-residential and residential construction spending.
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