Future Market Insights has announced the addition of the "Compact Construction Equipment Market: Global Industry Analysis and Opportunity Assessment 2014-2020" report to their offering.
London, UK -- (SBWIRE) -- 06/08/2015 -- Construction equipment industry comprises of a wide range of heavy machines which perform specific tasks for various applications. Construction equipment can be classified according to the size and capability of the construction machinery.However, there have been a few changes in their classification based on design specifications and cost effectiveness. Compact construction equipment is an emerging term used in the construction equipment industry due to its utility advantages.
Browse Full Report@ http://www.futuremarketinsights.com/reports/details/global-compact-construction-equipment-market
Compact construction equipment are small units which are designed to work on small commercial and residential sites. The major utility factor of compact construction equipment is their versatility and ability to perform those tasks that were earlier dedicated to heavy machinery. The main advantages of compact construction equipment are that it is low cost, light weight,and easy to transport and operate. However, there is no industry standard to specify any requirements to be met for equipment to be categorised as compact construction equipment.This categorisation is more dependent on the type of application it performs in a particular sector. Generally, track loaders, excavators, backhoe loaders, skid steers and telehandlers are classified under compact construction equipment.
The compact construction equipment industry has shown a robust double digit growth rate over the past few years. The most popular category in compact equipment market are the track loaders with the largest market share. Skid steers market is the second most attractive market and is anticipated to experience a healthy growth by 2020.Decent growth has been observed in the construction equipment market in North America and Western Europe, and is anticipated to grow further due to an increase in construction and repair activities. Asia is anticipated to be the largest market for compact construction equipment by 2020.
The major factors driving the compact construction equipment market are an increasing preference for small size construction equipment, affordable pricing, reliability, and improved productivity. The increasing number of new technology attachments available for compact construction equipment such as levelers, soil conditioning tools and trenchers are also driving the growth of compact construction equipment. Also, the private user market such as sundowners or hobby farmers, and real estate developers have been contributing significantly to the increasing adoption of compact construction equipment. Volatility in fuel prices, low entry barriers and lack of structure are the key challenges for the compact construction equipment market.
The changing trends from pedal operation to the use of joysticks, availability of suspension seats and air conditioners at reasonable prices, is further driving growth in compact construction equipment market. Another emerging trend is the GPS tracking system in compact equipment which is a major attraction for rental purchasers as it helps them to safeguard their machinery against theft and track its location when needed. Self-monitoring and auto shutdown are other attractive emerging trends in compact construction market. The major players in the market are Case, JCB, Mustang, John Deere, Volvo, Ditch Witch,Gehl, Vermeer, Caterpillar and New Holland.
The compact construction equipment industry thus comprises products which are small, can fit into smaller places, are versatile in application, and are cost effective. Noticeable drivers of the compact construction equipment industry are mainly tied to the residential and commercial sectors.Also, rental industries are among the potential growth pockets for the compact construction equipment industry.
Request Report TOC@ http://www.futuremarketinsights.com/toc/rep-gb-53
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes
Middle East & Africa
About Future Market Insights
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.
We have a global presence with delivery centres across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery centre located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client.
Browse Press Releases@ http://www.futuremarketinsights.com/pressreleases
Browse Articles@ http://www.futuremarketinsights.com/articles
Browse All Upcoming Reports@ http://www.futuremarketinsights.com/reports/upcomingreports