Global Construction Equipment Market to Grow at a CAGR of 8.0% (2016-2024)

Posted on 2018-08-31 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Aug-31 — /EPR Network/ —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 the global construction equipment market. Global Construction equipment market segmentation has been done on the basis of product type, provider type, end-use industry, and geography. Earthmoving equipment accounts for the 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 the construction industry, impacting the construction equipment deployment.

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Market Segmentation

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

By Product Type

Earthmoving Equipment
Road and Concrete Equipment
Material Handling Equipment
Others ( Pavers, Boring Equipment, etc)

By Provider Type

New Equipment Providers
Used Equipment Providers
Equipment Service and Repair Providers

By End-use Industry

Building Construction
Oil and Gas
Mining
Others (Agriculture, Military, Public Works etc)

By Region

North America Construction Equipment Market Analysis, 2016-2024
Europe Construction Equipment Market Analysis, 2016-2024
Middle East And Africa Construction Equipment Market Analysis, 2016-2024
Latin America Construction Equipment Market Analysis, 2016-2024
Asia Pacific Construction Equipment Market Analysis, 2016-2024
Rest Of The World Construction Equipment Market Analysis, 2016-2024

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“Global Construction Equipment Market 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, end-use industry, and geography.

The Global Construction Equipment Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of construction equipment market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global construction equipment market discussed in the report are Caterpillar, Hitachi Construction Machinery, Komatsu Ltd, Volvo Construction Equipment, Doosan Infracore Construction Equipment, etc.

Further, Global Construction Equipment Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Construction Equipment Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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