Building and Construction Light Equipment Market Introduction
The use of both heavy construction equipment as well as light construction equipment is common in huge construction projects. Appropriate use of equipment contributes to quality, safety, economy, speed, and timely completion of the project. Building and construction equipment are used for highway projects, irrigation, buildings, power projects, and many other requirements. Building and construction equipment accounts for around 25% of project cost.
Building and Construction Light Equipment Market- Competitive Landscape
With more than 325 years of experience, Husqvarna provides building and light construction equipment along with forest, park, and garden products. The company offers a wide and growing range of products and accessories including chainsaws, power cutters, and robotic lawnmowers.
Robert Bosch GmbH
Bosch develops smart mobility solutions in the areas of hardware, software, and services. The company is well known for providing garden tools, heating and hot water, home appliances, and power tools for DIY tasks. As of December 2018, the company’s employee strength was around 410,000 associates worldwide.
Stanley Black & Decker, Inc.
Since 1843, Stanley Black & Decker is a manufacturer of industrial tools and household hardware security products. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker is headquartered in New Britain, Connecticut with more than 60,000 employees in 2018.
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Makita is a well known producer of electric power tools, pneumatic tools, gardening equipment, and household equipment. The company has business bases in about 50 countries around the world. It has sales network in over 160 countries. Makita has manufacturing plants located in China, the U.S., U.K, Germany, Brazil, Romania, and Thailand. Currently, about 90% of the group’s manufacturing work in terms of production volume is carried out overseas.
With over 48 years of experience, TTI's extensive product line has made the company the distributor of choice for industrial, military, aerospace, and consumer electronics manufacturers worldwide. TTI employs more than 6,700 people at more than 133 locations throughout North America, Europe, and Asia.
The other key players in the market are Koki Holdings Co., Ltd., Saint-Gobain (Norton), Ryobi Limited, Q.E.P. Co., Inc., LISSMAC Maschinenbau GmbH, Fairport Construction Equipment, MK Diamond Products, Inc., Multiquip Inc. and others.
Building and Construction Light Equipment Market Dynamics
Many factors impact the building and construction light equipment market. The market had earlier faced slowdown due to slow-moving economic conditions and sluggish growth of the construction industry. However the market is expected to grow at a steady growth rate in the coming years. This is due to increasing industrial, residential, and commercial construction activities. Rising government investments for infrastructure development is expected to offer lucrative opportunities for growth of the building and construction light equipment market. However, fluctuation in oil prices restrains the market growth.
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Building and Construction Light Equipment Market Segmentation
Based on product type, the building and construction light equipment market can be segmented into
- Tile Cutting Equipment
- Masonry Saw Cutting Equipment
- Floor Saw Cutting Equipment
Based on application, the building and construction light equipment market can be categorized into
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.