The global construction equipment market is projected to grow at a modest CAGR of 4.0% during the forecast period (2023-2029). The key aspect that has flourished the demand for construction equipment across the globe is the gradual shift of the people towards the urban areas. Urbanization is the population shift from rural to urban areas. According to the UN, around 54% of the population lives in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, China, and Nigeria. Urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach 41 by 2030. Hence, the global construction equipment market is likely to be driven by rapid urbanization across the emerging economies of the globe.
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Key regions are discussed in this Construction Equipment Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This Construction Equipment Market report also helps business owners in knowing market size of major regions as well as market advancements.
Construction Equipment Market research report also involves discussing about major competitors and their future actions and such information is useful to invest in product launch and start any business. It has the potent to augment the product or service offerings. Competitive analysis covered here for the estimation period 2022-2028 greatly helps business participants to make a few vital actions required for the business expansion. Construction Equipment Market report also helps start ups by providing them best opportunities available in the market. It also helps them to make the best out of these opportunities.
When launching or releasing any product, it is important to refer Construction Equipment Market research report as it covers all the latest market related updates. It also helps to increase the product portfolio by providing all the basics needed. Following an effective marketing strategy has great significance to make business fruitful and here comes the role of market report. Construction Equipment Market study report brings value to the business by offering all the relevant market data and increasing the chances of success. Important updates are covered in this Market report regarding corona virus and its major consequences on the entire economy.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Construction Equipment Market – Segmentation
By Machinery Type
- Earth Moving Equipment
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Motor Graders
o Others (Trencher)
- Material Handling Equipment
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
- Other Construction Equipment
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Industry
- Construction & Infrastructure
- Manufacturing
- Mining
- Others (Oil & Gas)
Global Construction Equipment Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global construction equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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