Global Heavy Construction Equipment Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.5 % from 2018 to 2027. In 2017, the global market valuation was USD 130.8 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Heavy construction equipments are specially those kind of vehicles which are designed to perform construction work, which includes earthwork operations and material handling & moving. Rising increment of infrastructural and construction activities and increasing demand of improved infrastructure are one of the key reasons behind the market growth of heavy construction equipments.
Global Market Growth Opportunities (Revenue, Growth) By 2019-2027
In the coming years, the market is expected to increase at a steady rate of growth. The market is expected to be driven by increasing industrial, housing and business construction, global economic growth and rising public-private partnerships. The government's carbon-emitting controls and oil price swings, however, limit market growth. Increased government budgets are projected to provide attractive growth opportunities for infrastructure development.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global heavy construction equipment market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global heavy construction equipment market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global heavy construction equipment market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the heavy construction equipment report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Application Insights: On the basis of application, global heavy construction equipment market has been segmented into earth moving, lifting & material handling, excavation & demolition, transportation, mining. Among which excavation and demolition segment is expected to witness high growth in the global market of heavy construction equipment market. Such development may be due to factors such as the increase in precious material and metal mining activities around the world and the development in natural calamities in rescue operations utilizing exhaust excavators.
By Industry Insights: On the basis of industry, global heavy construction equipment market has been segmented into oil & gas, public works & rail road, forestry & agricultural, manufacturing, military, mining. Among which building and construction segment is anticipated to hold considerable share in the global market of heavy construction equipment. There has been tremendous growth in the in the construction of apartments, shopping malls and non-residential buildings in small as well as growing cities is driving the global market of heavy construction equipments.
The heavy construction equipment market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
Asia Pacific region is expected to witness high growth in the global market of heavy construction equipment. This region is expected to maintain its dominance over the forecast period. Companies across the world are focusing on Asia Pacific as it is open to establish their businesses and has high potential for various industries to grow. There are few drivers on the market for construction equipment for the growing number of reservoirs, real estate, commercial and residential projects, and the development of rail and road infrastructure across the APAC area.
Global Heavy Construction Equipment Market Size, Share Analysis by Region 2018
Global Heavy Construction Equipment Market Study Objective
1. To forecast the market size of heavy construction equipment market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of heavy construction equipment market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of heavy construction equipment market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of heavy construction equipment market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the heavy construction equipment market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, Kobe Steel Ltd., Liebherr Group, Atlas Copco AB, and CNH Industrial N.V. are some of the key players in the global market of heavy construction equipment. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.
Global Heavy Construction Equipment Market Study Report Offer You!
The global heavy construction equipment market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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