Global Construction Machinery Market Size And Forecast To 2025
Boonton, NJ -- (SBWIRE) -- 10/22/2018 -- Global Construction Machinery Market Analysis
According to Verified Market Intelligence, The Global Construction Machinery Market was valued at USD 173.48 billion in 2017 and is projected to reach USD 312.80 billion by 2025, growing at a CAGR of 7.7% from 2018 to 2025.
What is Construction Machinery?
Construction Machinery comprises various tools and machines that are designed to perform construction work. It is classified on the basis of their function such as drilling, excavating, pile drilling, roofing and many more. Construction machinery involved in preparatory work helps in soil loosening, clearing out of trees, rocks, and area of undergrowth. The machinery involved in preparatory work includes construction machines attached to crawler tractor chassis such as brush cutters, rippers and stump pullers that are easily interchangeable depending on the work to be performed. The construction machinery market is boosted due to increasing demand for irrigation industry and rising number of various construction projects.
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Global Construction Machinery Market Outlook
Increase in the number of construction projects, expanding mining industry and advancement in equipped vehicles and emission control systems have been driving the growth of the global construction machinery market. On the other hand, strict emission regulations on construction machinery and high initial investment costs might hinder the overall growth at a global level.
Global Construction Machinery Market Competitive Landscape
The "Global Construction Machinery Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Atlas Copco Construction & Mining, Caterpillar, CNH Industrial NV, Doosan Infracore Ltd., Hitachi Construction Machinery Co. Ltd., JCB, John Deere & Co., Kobelco Construction Machinery Co. Ltd and Komatsu Ltd. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global Construction Machinery Market Segmentation, by Drive Type
Electric and Hybrid
Global Construction Machinery Market Segmentation, by Machinery Type
Loaders and Backhoe
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Global Construction Machinery Market Geographic Scope
Rest of Europe
Rest of Asia Pacific
Rest of the World