Construction Equipment Market is expected to reach USD 265.1 Bn by 2027 | Komatsu Ltd, JCB India Limited, Volvo Group, Doosan Infracore, XCMG
Construction Equipment Market is expected to reach USD 265.1 Bn by 2027 | Komatsu Ltd, JCB India Limited, Volvo Group, Doosan Infracore, XCMG
Published by Vironi Solutions LLP
Posted on October 11, 2021
The growing investment in construction and infrastructure across the globe drives the growth of the construction equipment market. The high spending from government and private sectors throughout the world in the construction of residential, commercial, and public infrastructure, contributing to the growth of the construction industry, which in turn, proliferating the demand for construction equipment. For instance, as per the Institute of Civil Engineers, it is estimated that the global construction equipment industry is projected to reach around USD 8 trillion by 2030, driven by infrastructural development across the U.S., China, and India.
The Global Construction Equipment Market is expected to reach USD 265.1 Bn by 2027, with a growing CAGR of 4.5% during the forecast period 2021-2027.
The increasing urbanization coupled with the rising population across the globe significantly propels the growth of the construction equipment industry. For instance, according to the report of the United Nations Conference on Trade and Development published in 2020, it is estimated that the world population grew by 1.1% over the year, or 82 million people, to reach a global total of 7.7 billion. Moreover, the share of the urban population was increased to 55.7% in 2019.
Points Covered in this report are: To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Construction Equipment Market report is:
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Construction Equipment’s for site inspection and for speeding up construction activities on site.
Based on the equipment category, the material handling segment is projected to grow in the year 2020
Based on the application, the infrastructure segment in the global construction industry is expected to hold a significant share
Based on regions, the Asia Pacific region projected the highest growth in the construction equipment industry in the year 2020
About AllTheResearch: We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.
For all your Research needs, reach out to us at:
Contact Person: Rohan S.
Email: contactus@alltheresearch.com
US: +1(407)-768-2028
The growing investment in construction and infrastructure across the globe drives the growth of the construction equipment market. The high spending from government and private sectors throughout the world in the construction of residential, commercial, and public infrastructure, contributing to the growth of the construction industry, which in turn, proliferating the demand for construction equipment. For instance, as per the Institute of Civil Engineers, it is estimated that the global construction equipment industry is projected to reach around USD 8 trillion by 2030, driven by infrastructural development across the U.S., China, and India.
The Global Construction Equipment Market is expected to reach USD 265.1 Bn by 2027, with a growing CAGR of 4.5% during the forecast period 2021-2027.
The increasing urbanization coupled with the rising population across the globe significantly propels the growth of the construction equipment industry. For instance, according to the report of the United Nations Conference on Trade and Development published in 2020, it is estimated that the world population grew by 1.1% over the year, or 82 million people, to reach a global total of 7.7 billion. Moreover, the share of the urban population was increased to 55.7% in 2019.
Points Covered in this report are: To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Construction Equipment Market report is:
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Construction Equipment’s for site inspection and for speeding up construction activities on site.
Based on the equipment category, the material handling segment is projected to grow in the year 2020
Based on the application, the infrastructure segment in the global construction industry is expected to hold a significant share
Based on regions, the Asia Pacific region projected the highest growth in the construction equipment industry in the year 2020
About AllTheResearch: We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.
For all your Research needs, reach out to us at: Contact Person: Rohan S. Email: contactus@alltheresearch.com US: +1(407)-768-2028