Global Construction Equipment Market Information by Equipment (Earth moving, Material handling, Concrete, and others), by Application (Oil & Gas, Infrastructure, Construction, Agriculture, Mining and others) by End-use (Lifting & material handling, Earth moving, Excavation, Transportation, and others), and Region - Forecast to 2022

Pune, India -- (SBWire) -- 02/16/2018 --Market Highlights

Construction equipment are being widely used in construction activities globally. The increasing substantial investments done for improvement of infrastructure will act as major driver for growth of this industry. Construction Equipment is extensively used across all major industrial end users such as automotive, health care, aerospace and defense, consumer goods, research institutions, service bureaus as well as Oil & Gas, Forestry & Agricultural, Public Works & Rail Road, Military, Manufacturing, Mining and others. The major factors affecting construction equipment market are global economic growth, public private partnerships, increase in oil prices, increasing government expenditure in infrastructure development, industrial, commercial and residential investments and a few more.

The report has analyzed the market based on the three segments: equipment, application and en-use in the regions of North America, Europe, APAC and rest of the world. Fastest growing region in Construction Equipment market is Asia-Pacific. The Global Construction Equipment Market is expected to cross USD 200 Billion at the end of the forecasted period and is expected to be growing at CAGR of approximately 8% by 2022.

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Global Construction Equipment Market - Competitive Analysis
Construction equipment manufacturers have been more focused on launching new products in the market due to technical advancement, increasing demand for heavy equipment, and to have a competitive advantage. North American heavy equipment manufacturers introduced many new products in the market especially in the Asia-Pacific region due to high growth in construction activities in those regions. In order to strengthen their market position outside Asia-Pacific, many Asia-Pacific companies focused on growing in Europe and North America through Mergers & Acquisitions, and by signing various agreements for technical collaborations.

Key Players
The key players of global Construction Equipment market report include- 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, and Hyundai Heavy Industries Co., Ltd.

Market Research Analysis:
The construction equipment market is constantly enhancing with changing technologies and huge infrastructure developments. The companies in this market rely on local and regional distributors to enhance the geographical presence in the market. Inorganic growth strategies such as acquisitions are followed by companies to cope with increasing demand for construction equipment in key markets. This helps companies to create a large customer and partner base in key markets. The change in operating conditions and applications requirements for construction equipment make it necessary for manufacturers to invest in R&D to come up with new products.

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Global Construction Equipment Market - Regional Analysis
Geographically, Asia-Pacific and Latin America were the fastest growing regions by a wide margin. China continues to be the largest construction equipment market in 2016. Asia-Pacific is expected to continue showcasing robust construction spending growth. The construction spending in China standouts followed by India, Indonesia and Vietnam. All sectors are likely to witness significant growth, largely led by non-residential construction. Additionally, China not only exhibits significant levels of growth but is also the largest market in the world. Construction spending in China is shifting from the coastal cities to the interior and western provinces that will lead to the higher use of construction machinery. India, on the other hand, is seeking increase in private funding solutions in the provision of much of the new infrastructure needed.

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