Construction Equipment Market is projected to grow at 4 % CAGR by 2030. Rising infrastructure development will drive the construction equipment rental business.
The outbreak of COVID-19 has interrupted the growth construction, mining, and other industrial activities. Demand for construction equipment is contingent on the growth of these end-use industries, and with declining investments in these sectors, the construction equipment market is poised to experience a downward trend across the globe, in the near term.
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Demand for construction equipment is set to regain traction with an increase in investments made by governments in both, developed and developing countries, for infrastructure development projects. In addition, efforts made by governments to build highways, dams, railways, and roads as part of developing smart cities in the areas of energy, mobility, and government are projected to drive the sales of construction equipment in the foreseeable future.
The global construction equipment market is poised to expand at a value CAGR of close to 4%, and is expected to create an absolute dollar opportunity of US$ 61 Bn over the forecast duration 2020-2030.
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Fact.MR’s study on the construction equipment market offers information divided into five key segments— equipment, power output, end use, ownership, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Equipment | ExcavatorsCrawlers ExcavatorsWheeled ExcavatorsMini ExcavatorsLoadersAsphalt PaversDozersDump TrucksCompaction Machines (Rollers)Concrete MixersMotor GradersCranesMobile CranesCrawler CranesTower CranesOthers |
Power Output | Below 100 Hp100.1 to 200 Hp200.1 to 400 HpAbove 400 Hp |
End Use | ConstructionMiningAgriculture & ForestryIndustrialOthers |
Ownership | Rental OperatorsIndustrial & Commercial Enterprises |
Region | North AmericaLatin AmericaEuropeEast AsiaSouth Asia & OceaniaMEA |
After reading the Construction Equipment Market report, readers can:
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The Construction Equipment Market report answers important questions which include:
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Aug 08, 2022