Global Construction Equipment Market Sales, Trend, Analysis and Opportunities Forecast to 2023

Construction Equipment--.jpg
 
The global construction equipment market has witnessed slow growth in the last five years. In China, the sales of construction equipment have fallen from a peak of 430,000 units in 2011 to approximately 140,000 machines in 2015, and the same was observed in several other countries. 
 

The huge demand for heavy construction equipment from emerging economies is an opportunity witnessed in the global market. The major restraints in the market include high cost of heavy construction equipment.

Construction equipment is specially designed machinery used for construction operations. Construction equipment is used for functions including hauling, drilling, paving, excavating and grading.

Construction Equipment---.jpg

The requirements of the manufacturers for adhering to standards set by government for construction equipment makes it essential for the manufacturers to continuously invest in research and development activities and come up with innovative solutions.

Read summary of report here :  https://www.psmarketresearch.com/market-analysis/construction-equipment-market

The major players operating in the global construction equipment market include Caterpillar Inc., CNH Industrial, Hyundai Heavy Industries Co. Ltd., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, J.C. Bamford Excavators Limited (JCB), Komatsu Ltd., Liebherr Group, Kobe Steel Ltd. (Kobelco), and Deere & Company.

Global Construction Equipment Market Segmentation
By Application
  • Earth moving
  • Transportation
  • Excavation & Demolition
  • Heavy Lifting
  • Tunneling
  • Material Handling
  • Recycling & Waste Management
By Type
  • Loader
  • Crane
  • Forklift
  • Excavator
  • Dozer
  • Other
By Industries
  • Oil & Gas
  • Infrastructure
  • Forestry & Agricultural
  • Manufacturing
  • Military
  • Mining
By Geography
  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Italy
    • Spain
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Rest of World (RoW)
    • South Africa
    • Rest of RoW

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