The heavy construction equipment market is expected to grow due to increasing demand for leased and rented construction equipment by low- and mid-sized construction companies. The development of new earthmoving equipment offering reduced operating costs, connect technology, and safety features are expected to have substantial impact on the market growth.

Portland, OR -- (SBWire) -- 02/21/2018 --The global heavy construction equipment market is expected to reach $193,245 million by 2022, according to new report published by Allied Market Research. Earth moving equipment segment dominated the global market in 2015, and is expected to maintain this trend from 2016 to 2022. Asia-Pacific dominated the global market in 2015, accounting for more than 44% share.

Access full summary at:
https://www.alliedmarketresearch.com/heavy-construction-equipment-market

The growth of the heavy construction equipment market is hampered due to fluctuating prices of crude oil. Moreover,majority of the equipment that are used in the industry run on diesel, which release high carbon emissions and imposition of carbon regulations. This factor is likely to affect the growth of the market in the near future.

Increasing demand of heavy construction machinery in construction and manufacturing sectors would boost the growth of the excavator segment. Earth moving segment accounted for around 45% share of the global market in 2015 owing to the increased use of these equipment in mining sector. This segment is estimated to witness significant growth during the forecast period due to increasing construction activities in residential sector, construction of roads, healthcare centers, and educational institutes. Increasing use of equipment in sectors such as construction, underground mining, and surface mining contributes to the market growth.

Based on application, the heavy construction equipment market is segmented into excavation & demolition, heavy lifting, material handling, recycling & waste management, and tunneling. Excavation & demolition segment accounted for the largest share in 2015, as these techniques are extensively used for cutting, trenching, and cracking purposes. Material handling segment is projected to grow rapidly, registering a CAGR of 8.4% during the forecast period due to increased usage of material handling equipment such as cranes and telehandlers in large building construction, and mining operations. Market players have launched new products with higher engine power and lifting capacity to cater to the emerging demands of customers. For instance,newly commercialized range of telehandlers by Massey Ferguson offers high engine power of up to 130 hp, and improved lifting capacity, which would increase the customer base of the company.

Request Sample Copy this Report:
https://www.alliedmarketresearch.com/request-sample/1729

Infrastructure industry is expected to be the fastest growing industry, owing to proactive government initiatives related to infrastructure developments projects, including dams, railway ballast, airports, expressway, and national highways in the Asia-Pacific region. Increased instances of renting and leasing of heavy construction equipment in both, developed and developing regions, is expected to fuel the market growth.

Key Findings of the Heavy Construction Equipment Market:
- In 2015, earthmoving segment accounted for the maximum marketrevenue, and is projected to grow at a CAGR of 6.9% during the forecast period.
- Infrastructure industry segment is expected to grow at a significant CAGR of 9.1%, owing toupsurge in government initiatives.
- Material handling application segment is anticipated to be the fastest growing segment during the period of 2016-2022.
- China is the major shareholder in the Asia-Pacific heavy construction market, accounting for around 48% share in 2015.

The key players have focused to expanding their business operations in the emerging countries by launching new products. Caterpillar Inc. & Volvo AB prefer using 3D printing excavator cab due to low material usage and lower labor costs, which decrease the cost of construction. The major players profiled in this report include AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co. Ltd., JC Bamford Excavators Ltd.(JCB), Liebherr Group, CNH Industrial N.V., Hyundai Heavy Industries Co. Ltd., and Terex Corporation.

Buy Now (Discount on this report): https://www.alliedmarketresearch.com/checkout/359922