Construction Equipment Market With Covid-19 Impact and Market Size, Share, Growth Factors, Competitive Landscape and Regional Forecast 2031

Posted on 2022-08-08 by Sandeep in Construction // 0 Comments

New York, 2022-Aug-08 — /EPR Network/ — According to a new market research report published by Global Insight Services “Construction Equipment Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Construction equipment market is estimated to reach $330 bn by 2031. This is due to the growing construction industry and massive investments in infrastructure development.

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Key Players

Caterpillar Inc.
CNH Industrial
Doosan Group
Guangxi LiuGong Machinery Co.Ltd.
Hitachi Construction Machinery Co. Ltd.
J.C. Bamford Excavators Limited

Key Trends and Drivers

Some of the key trends in the construction equipment market include:

Increasing demand for infrastructure development: The need for infrastructure development is increasing globally, especially in developing countries. This is due to the growing population and the rise in urbanization. As a result, there is a growing demand for construction equipment such as excavators, bulldozers, and cranes.
Growing construction industry: The construction industry is growing due to the increasing demand for infrastructure development. This is resulting in the increased use of construction equipment.
Increasing adoption of new technologies: Construction equipment manufacturers are increasingly adopting new technologies to improve the efficiency of their products. For instance, many manufacturers are now using 3D printing technology to create prototypes of new construction equipment. This helps to reduce the time and cost of developing new products.
Growing demand for rental services: There is a growing demand for rental services of construction equipment due to the high cost of buying new equipment. This is especially beneficial for small and medium-sized construction companies.

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Market Segments

By Product

Earthmoving & Roadbuilding Equipment
- Backhoes
- Excavators
- Loaders
- Compaction Equipment
- Others
Material Handling and Crane
- Storage & Handling Equipment
- Engineered Systems
- Industrial Trucks
- Bulk Material Handling Equipment
- Others
Concrete Equipment
- Concrete Pumps
- Crushers
- Transit Mixers
- Asphalt Pavers
- Batching Plants

Reasons to buy Construction Equipment Market Report:

Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
Develop business and M&A strategies through understanding of latest trends and emerging players in the market
Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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