The US heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The key aspect that drives the growth of the US heavy-duty construction equipment market is various investments by the country’s government for the infrastructural development in the country. For instance, in 2019, the US government allocated approximately $1 trillion for the novel infrastructural development in the country. The federal administration also financed approximately $67 billion for the maintenance and refurbishment of the existing establishments. Hence, a supportive government regulatory outlook promotes the infrastructural development in the country, which is likely to expand the US heavy-duty construction equipment industry over the forecast period.
To Request a Sample of our Report on US Heavy-Duty Construction Equipment Market: https://www.omrglobal.com/request-sample/us-heavy-duty-construction-equipment-market
Furthermore, various ongoing projects and proposed projects are also likely to create a wide scope for the growth of the market. There are various mega projects including aerospace projects, disaster cleanups, energy projects, science & spacecraft projects, and many more. Hence, this is likely to create a wide scope for the growth of the US heavy-duty construction equipment market over the forecast period. Some of the projects include National Hockey League, UBS Arena in New York; CREATE in Illinois; Sound Transit 3 Seattle in Washington; San Francisco International Airport Redevelopment in San Francisco, California; and many others.
(Get 15% Discount on Buying this Report)
A full Report of US Heavy-Duty Construction Equipment Market is Available at: https://www.omrglobal.com/industry-reports/us-heavy-duty-construction-equipment-market
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 US
· 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
US 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.)
