According to the latest report from the IMARC group, entitled “Construction equipment market share: global industry trends, size, growth, opportunities and forecast 2021-2026”, The global construction equipment market has shown moderate growth during the period 2015-2020 and expects the market to grow at a CAGR of around 6% during the period 2021-2026
Construction equipment is used to make construction processes easier and faster. It is available in different types, depending on the application. For example, an excavator digs and crushes heavy material on a site, while a paver is used in road construction to evenly distribute asphalt on the road surface. Currently, due to strict noise emission regulations, several manufacturers are developing environmentally friendly equipment and integrating telematics and security technologies to provide improved operational capabilities.
Like the new coronavirus (COVID-19[FEMININE)[FEMININE) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
Global Construction Equipment Market Trends:
The increased investment in infrastructure development, together with a significant increase in commercial construction activities, is one of the main growth factors of the market. Moreover, the emerging trend of automation of construction processes is helping in the growth of the market. Apart from this, several manufacturers are focusing on upgrading existing equipment to next-generation machines by incorporating cutting-edge technologies, such as the Internet of Things (IoT). This should create a positive outlook for the market.
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Global Construction Equipment Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere & Company, Doosan Infracore, Hitachi Construction Machinery, Komatsu Ltd. and Liebherr-International AG.
The report has segmented the market on the basis of region, type of solution, type of equipment, type, application, and industry.
Breakdown by type of solution:
Breakdown by type of equipment:
- Heavy construction equipment
- Compact construction equipment
Breakdown by type:
Breakdown by application:
- Excavation and mining
- Lifting and Equipment Handling
Breakdown by sector:
- Oil and gas
- Construction and infrastructure
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, others)
- Middle East and Africa
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Other IMARC group reports:
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