Construction equipment is a critical tool for all construction projects. They are used at construction sites for reducing time and labor cost. The growth for construction equipment market is driven by technological developments and their adaptations. Furthermore the infrastructural growth along with rapid urbanization is augmenting the market for the same.
Market Analysis and Insights: Global Construction Equipment Manufacturing Market
Due to the COVID-19 pandemic, the global Construction Equipment Manufacturing market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Earth Moving Machinery accounting for % of the Construction Equipment Manufacturing global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential Building segment is altered to an % CAGR throughout this forecast period.
Material handling machinery mainly comprises truck-mounted cranes, trailer-mounted cranes, crawlers, and others. The segment is expected to grow at the fastest CAGR of 5.7% by 2025.
Global Construction Equipment Manufacturing Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Construction Equipment Manufacturing Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Earth Moving Machinery
Material Handling Machinery
Concrete & Road Construction Equipment
Others
Segment by Application
Residential Building
Commercial Building
Industrial Building
By Company
Atlas
Caterpillar
CNH Global
Liebherr-International
Manitou
Manitowoc
Mitsubishi
Sany
Sumitomo
Terex
Volvo
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina