The UK heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.5% over the forecast period (2021-2027). The key aspect that drives the growth of the UK heavy-duty construction equipment market is growth in the construction industry in the country along with the various government initiatives that aim at the development of the infrastructure in the country. According to the World Economic Forum, the UK has ranked 11th out of 141 countries in terms of the overall quality of its infrastructure in 2019. In March 2020, the UK government has set out a five-year plan to spend $890.7 billion on infrastructural development activities such as telecommunications, roads, railways, schools, and hospitals under its budget.
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Further, some other strategies include National Infrastructure Strategy, UK Infrastructure Bank, Multi-year Capital Program Settlements, National Infrastructure Assessment, and many others. The Government plans to invest in infrastructure to “level up” economic growth and prosperity across the country and to address the challenges posed by climate change. Hence, the investment by the country’s government in order to improve the infrastructure and other developmental activities are likely to create a wide scope for the growth of the UK heavy-duty construction equipment market over the forecast period.
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Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- By Machinery Type, Applications, and Industry
· Country Covered- the UK
· Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others
UK Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
Earth Moving Equipment
· Cranes
· Loader & Backhoe
· Telescopic Handlers
· Excavators
· Others (Graders, Trencher)
Material Handling Equipment
· Hoists
· Conveyors
· Forklifts
· Others (Industrial Trucks)
Other Heavy-Duty Construction Equipment
· Concrete Mixers
· Road Rollers
· Stone Crushers
· Dumpers
· Tippers & Trailers
· Others (Slurry Seal Machines)
By Applications
· Excavation & Demolition
· Heavy Lifting
· Handling
· Transportation
· Recycling & Waste Management
· Others (Tunneling)
By Industry
· Construction & Infrastructure
· Manufacturing
· Mining
· Others (Oil & Gas)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
