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Heavy Construction Equipment Market worth 180.66 Billion USD by 2021

(EstateNewsWire.com, October 04, 2018 ) The report "Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region - Global Forecast to 2021", The heavy construction equipment market size is estimated to grow from USD 121.46 Billion in 2015 to USD 180.66 Billion by 2021, at a CAGR of 7.0%.

Browse 153 market data tables and 49 figures spread through 189 pages and in-depth TOC on “Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region - Global Forecast to 2021"


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The heavy construction equipment market is projected to witness significant growth in the next few years with the increase in government investments in infrastructure in developing nations and rise in construction & mining activities. Factors such as rapid urbanization, increase in investments in the construction industry & rise in demand for infrastructural development from developing economies, increase in population, and increase in level of spending of people around the globe are driving the growth of the heavy construction equipment market.

Earth moving equipment to gain maximum traction during the forecast period

The earth moving segment dominated the market in 2015 and is projected to be the fastest-growing equipment type sector in the next five years, as a result of the rapid urbanization and rise in demand for infrastructural development. The earth moving equipment market is driven by the increase in investments in the infrastructure industry to improve facilities in the government and private sectors. Furthermore, this has proven as an opportunity for manufacturers in the earth moving equipment market.

“Asia-Pacific heavy construction equipment market constitutes the largest market share.”

China contributes a major market share in the global as well as Asia-Pacific heavy construction equipment market. Increase in investments in infrastructure and countries adopting new technologies in residential and non-residential infrastructure, owing to the rise in population and increase in standard of living of people are some of the factors driving the heavy construction equipment market in Asia-Pacific. The heavy construction equipment market in this region is growing rapidly due to the presence of numerous leading players in the region.


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The major players in the heavy construction equipment market include Caterpillar Inc. (U.S.), Liebherr AG (Switzerland), Terex (U.S.), Volvo Construction Equipment AB (Sweden), Komatsu (Japan), Doosan Infracoe (South Korea), Hitachi Machinery Construction (Japan), JCB (U.K.), Sany (China), and CNH (U.K.)

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets

Mr. Shelly Singh

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com


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