The global heavy construction equipment market is projected to grow at a CAGR of 6%-7% during 2020-2025. The growth of heavy construction equipment market is driven by increasing investment in the construction industry and more infrastructural activities.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the heavy construction equipment market
by type (earthmoving, material handling, and heavy construction vehicles),
end-use industry (construction & manufacturing, public work & rail
road, and mining), application( excavation & demolition, heavy lifting,
material handling, tunneling, transportation, and recycling & waste
management), and region (North America,
Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the heavy construction equipment market?
Q.4 What are some
changing demands of customers in the heavy construction equipment market?
Q.5 What are the new
developments in the heavy construction equipment market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this heavy construction equipment area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this heavy construction equipment market?
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Market Segmentation:
Based on type, the heavy
construction equipment market is segmented into earthmoving, material handling,
and heavy construction vehicles. The heavy construction vehicles segment is accounted
for the largest share of the market in 2020 as there is rapid urbanization and industrial development.
Asia Pacific is expected
to be the largest region over the forecast period and it is also expected to witness
the highest growth over the forecast period due to high construction demand in
the region and developing economic condition.
Key Players in the heavy
construction equipment market are Caterpillar, Liebherr, Terex, Volvo
Construction Equipment, Komatsu, Doosan Infracoe, Hitachi Machinery
Construction, JCB, Sany, and CNH.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/heavy-construction-equipment-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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