Heavy Construction Equipment Market: 2019 Global Size, Trends, Share, Investments, Leading Players, Merger, Acquisition, Growth Factors, Regional Analysis And Industry Forecast To 2027

Heavy Construction Equipment Market: 2019 Global Size, Trends, Share, Investments, Leading Players, Merger, Acquisition, Growth Factors, Regional Analysis And Industry Forecast To 2027

Heavy Construction Equipment Market
Heavy Construction Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2027. Heavy Construction Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities And Global market key players forecast to 2027

Market Overview

Market Research Future (MRFR) expects the global heavy construction equipment market to usher a host of growth opportunities at a significant CAGR during the forecast period (2016-2027).

Market Drivers and Key Barriers

The global heavy construction equipment market benefits predominantly from the high demand coming from the private sector and the immense expansion of the real estate sector. Escalating economic conditions coupled with residential & commercial infrastructure set-up, especially in developing economies, works in favor of the global market. The World Urbanization Prospect reveals that in 2014, close to 54% of the worldwide population was in urban areas and can expand to 66% by 2050, which is bound to enhance market growth in the years to come.

Surging government initiatives aimed at infrastructure development stimulates market growth. In addition, rising public-private partnerships between private sector companies and government for construction of public infrastructure systems in India and China are expected to do wonders for the market during the review period.

The heavy construction equipment market could also have a lucrative run during the review period on account of the mounting demand for leased and rented construction equipment among low- and mid-sized construction companies. Advancement in earthmoving equipment which now offers reduced operating costs, safety features and connect technology, is also estimated to have a profound effect on the market in the given timeframe.

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Market Segmentation

The worldwide heavy construction equipment market has been divided on the basis of type, application, and end-users.

The types of heavy construction equipment are earthmoving equipment, material handling equipment, heavy construction vehicles, and others. Others are cranes, excavator, dozer.

Applications covered in the report include mining & excavation, earthmoving, transportation, lifting, material handling, and others.

The end-users in the market are oil & gas industry, construction industry, military, mining, agriculture & forestry, and others.

Regional Aspect

The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and North America have been considered for the regional study of the global heavy construction equipment market.

APAC is thriving with a share of more than 50% in the worldwide heavy construction equipment market. The region is likely to maintain its top position during the forecast period, given its high potential, which is attracting a number of international players. Surge in infrastructure activities in India and China combined with rising number of government initiatives for development of infrastructure also favors the regional market. Additionally, increase in industrial output leads to massive demand for material handling equipment, which is expected to bolster growth of the heavy construction equipment in the region.

Decision-makers in Europe are investing considerably in building and construction industries to facilitate development in this sector. This also drives the market for new constructions; thereby stimulating growth of the heavy construction equipment market in the region. In recent years, building and construction industry in Europe has managed to move out of crisis and is exhibiting tremendous improvement. This is bound to be an instrumental factor in the future market growth in the region.

In MEA, governments of Saudi Arabia and the United Arab Emirates (UAE) are now focusing on tourism and health care sectors. This calls for proper infrastructure, which can boost the demand for heavy construction equipment in the region. Besides, in 2022, Qatar would be hosting ‘FIFA World Cup’, considering which the government is striving to develop the infrastructure in the country. This can be countered as one of the chief reasons for the optimistic growth outlook of the region in the years to come.

Primary Competitors

Hitachi Construction Machinery Co. Ltd, John Deere & Co, John Deere & Co., Hyundai Heavy Industries Ltd, Kobelco Construction Machinery Co. Ltd, Caterpillar, Jcb, Cnh Global Nv, Komatsu Ltd., Doosan Infracore Ltd, are the top players in the global heavy construction equipment market.

Industry News

September 2019

LiuGong (China) recently launched a series of new-generation F-series excavators, 9018F. These excavators can pass through narrow passages, even the ones that are close to 3.2 ft. (1 m) wide. Other features include an adjustable and locked hydraulic system with high pump displacement.

Complete Report Details of Heavy Construction Equipment Market Research Report – Global Forecast to 2027 At: https://www.marketresearchfuture.com/reports/global-heavy-construction-equipment-market-681   

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