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Detailed examination of the escalating demand for construction equipment in construction and other industries is set to drive the market growth with a CAGR of 9.34% during 2017-2024

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The report "Global Construction Equipment Market": By Type (Material Handling Equipment, Heavy construction vehicles, Earthmoving); By Application (Residential, Commercial, Industrial); & By Geography - Forecast (2018-2024)

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Envision Inteligence estimates that Global Construction Equipment market is projected to reach $290.3 million by the end of 2024 with a CAGR of 9.34% from $128.2 million in 2018.

Introduction:

Increase in the urban population and rise in the living standards of different communities of people across the globe have made the markets related to the construction equipment dominating. The factors like the government support and investment by the predominant companies in this regard is a major advantage and are helping to the markets are predominant all over the world.

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High end infrastructure and construction related objectives like the roads, reservoirs, transit systems and mega cities have led the markets related to the construction equipment have increased the demand in all the regions.

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The entry of the OEMs (Original Equipment Manufacturers) into the construction industry has boosted up these markets to the next level.

Investment done by the major players like Caterpillar, Komatsu, Hitachi Corporation in the development of the transportation and safety infrastructure along with the recent trends like metro and bullet trains in the predominant regions are boosting up the markets related to construction equipment and escalating their growth so these markets are having and going to have the greater margins around the globe.

Key players in the market include:

  • Hitachi Construction Machinery Co. Ltd.  
  • Komatsu Ltd.
  • Atlas Copco Construction & Mining
  • Cnh Global NV
  • Liebherr-International AG

 Reasons to access this report:

This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.

Key pointers in the report include:

  • Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
  • Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
  • Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
  • Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
  • A complete 360 degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report.
  • Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.

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