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Global construction equipment market to grow at a CAGR of 8.0% from 2016 to 2024 insights shared in detailed report

Construction Market Research

The global market for construction equipment was valued at USD 130 Billion for 2016. It is expected to grow at a CAGR of 8% during the forecast period and reach a market size of USD 240 Billion by 2024.

According to Goldstein Research, global Construction equipment market is expected to reach USD 240 billion by the end of 2024 from USD 130 billion in 2016, growing at a CAGR of 8.0%. The growing construction industry, rising government expenditure on construction projects and successful partnership of private players and government including the equipment renting/leasing are the major driving factors driving the growth of global construction equipment market.

Global Construction equipment industry Make an Inquiry about this news segmentation has been done on the basis of product type, provider type, end-use industry and geography. Earthmoving equipment accounts for largest market share for its high demand across major kinds of construction activities and leads to higher cost effectiveness.

Global Construction equipment market is dominated by Asia-Pacific region on account of huge construction projects for the development of the region. China and India are the leading countries in the total revenue share.

North America and Europe is expected to witness sluggish growth in construction industry, impacting the construction equipment deployment.

Market Segmentation

On the basis of our in-depth analysis, Global Construction Equipment Market can be segmented as follows:

  • By Product Type

o   Earthmoving Equipment

o   Road and Concrete Equipment

o   Material Handling Equipment

o   Others ( Pavers, Boring Equipment,.

  • By Provider Type

o   New Equipment Providers

o   Used Equipment Providers

o   Equipment Service and Repair Providers

  • By End-use Industry

o   Building Construction

o   Oil and Gas

o   Mining

o   Others (Agriculture, Military, Public Works.

  • On the basis of region
  • o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

 Global Construction Equipment Market Make an Inquiry about this news Outlook 2024” contains detailed overview of the global Construction equipment market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, provider type and end-use industry.

Further, for the in-depth analysis, Global Construction Equipment Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Caterpillar, Hitachi Construction Machinery, Komatsu Ltd, Volvo Construction Equipment, Doosan Infracore Construction Equipment,.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global Construction equipment market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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