Published: Jun, 2018

In the latest research report by Transparency Market Research (TMR), which is a market intelligence company, leading players operating within the construction equipment market are studied in much detail.  Hitachi (Japan), John Deere (U.S.), Volvo (Sweden), Liebherr (Switzerland), Terex (U.S.), Zoomlion (China), Komatsu (Japan), Caterpillar (U.S.), and Sany (China) are the key companies operating within the construction equipment market which have been studied in the report. The report discusses the strategies employed by these companies along with their expansion formula. The business and financial overview of the companies along with their recent developments are also discussed in the report. The study is therefore extremely informative and empowers new entrants as well as those established with powerful decision making abilities so that they can make profitable and smart decisions.

As per Transparency Market Research, the global construction equipment market was worth US$ 192.3 bn in 2017. On the basis of type, the material handling equipment is expected to witness fast paced growth. On the basis of geography, the global construction equipment market is led by Asia Pacific, with China and India at the forefront. Brazil is another country which holds promise of growth. The rapid infrastructure development in all of the nations mentioned above will be the key factor behind the growth of this market. China is having several construction projects in its kitty including development of educational institutions, railway networks, development of roads, water systems, and others. This is expected to be the primary factor behind the growth of the market in China as well as in Asia Pacific.

Trend of Lease-based Equipment Lending to Drive Demand

As per the lead author of this report, the growing lease-based equipment lending trend is one of the major reasons behind the accelerated demand for construction equipment. The growing investments by governments of emerging nations for infrastructure development, including hospital development, road development, railway projects, and school and university construction or developments will bolster the demand for construction equipment market to a great extent. Thus, it is no surprise that among all the regions such as America, Europe, and Africa, and the Middle East, it is Asia Pacific which is leading and shall continue to do so for the next few years. Due to the presence of several developing economies that are growing at a robust pace such as India, China, Japan, Indonesia, and Malaysia, this region holds immense growth opportunities for the construction equipment market.

Volatility in Pricing of Raw Materials to Impact Growth of Market

The report focuses on market drivers as well as those factors that act as obstacles. One of the key factors posing a challenge to the growth of the construction equipment market is the strict emission control norms implemented worldwide. The volatility in the pricing of raw materials will also act as a challenge. Moreover, the increasing cost of the construction equipment will also hurt the growth of the market.

The study presented here is based on a report by Transparency Market Research (TMR), titled “Construction Equipment Market - Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017.”

Key segments of the construction equipment market

Construction Equipment Market by Type

  • Earth Moving Equipment
    • Excavators
    • Loaders
    • Others (graders, roller and such others)
  • Material Handling Equipment
    • Crawler Cranes
    • Trailer Mounted Cranes
    • Truck Mounted Cranes
    • Others
  • Concrete and Road Construction Equipment
    • Concrete Mixer & Pavers
    • All types of Pumps
    • Others
      • Construction Vehicles
      • Parts and Attachment for Construction Equipment

Agriculture Equipment Market by Type

  • Tractors
  • Harvesting Equipment
  • Plowing and Cultivating Equipment
  • Planting and Fertilizing
  • Other Agricultural Equipment

Construction Equipment Market by Geography 

  • U.S.
  • Europe
  • Asia
    • China
  • RoW

About Us:

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com 

.