construction equipment Market Size, Upcoming Trends, Deep Analysis and Industry Forecast 2021-2031
The construction equipment market study, by Allied Market Research, sums up the current market trends, competitor analysis, and imminent market & technology forecast. Moreover, the study also epitomizes the revenue size, market extent, and growth opportunities of the global construction equipment market in terms of value and key trends at regional level.
The global construction equipment market size was valued at $201.9 billion in 2021, and is projected to reach $322.0 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031. Construction equipment are specially designed machinery used to perform construction operations. These equipment are used for different functions such as drilling, hauling, excavating, paving, and grading. The global market covers different industries such as construction & infrastructure, manufacturing, and oil & gas.
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Segmental analysis of the market is provided in both qualitative and quantitative aspects. This aids the clients in identifying the most lucrative segment to go on with investments, on the basis of a complete backend analysis concerning the segmental presentation, coupled with brief salutation of the operating organizations and their important developmental activities.
The frontrunners operating in the global construction equipment market are meticulously assessed to acknowledge their competitive position and strength in the industry along with several data points, which take in key officials of the business, company overview, recent financial analysis of the venture, major growth tactics adopted by the company, and new edges & wits taken on by them to sustain their position across the global construction equipment market.
Segmental Outlook
The global construction equipment market is analyzed on the basis of end-user industry, application, type, and region. By region, the market is assessed across North America (Canada, Mexico, and the United States), Europe France, Italy, Germany, Spain, the United Kingdom, and rest of Europe), Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific), and LAMEA (Africa, the Middle East, and Latin America).
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The outbreak of the pandemic had a great impact on the global economy. The market study, by AMR, provides an explicit analysis on the macro- and micro-economic impact owing to the global health crisis. Moreover, the direct impact of the virus on the construction equipment market in the form of a qualitative breakdown is also underlined in the report. In addition, the report summarizes the data regarding the market share and extent due to the overall impact of the virus spread. Furthermore, the research report doles out an analysis on the major market tactics incorporated by the key players throughout the global pandemic. The report also depicts a post-Covid-19 scenario based on the availability of vaccines such as Covishield, Sputnik, and Covaxin to contain the infection rates, globally.
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Coverage of the report-
• Enquiry Period: 2021 to 2031
• Major Segments covering: End User, Application, Type, and Region
• Market Trends and Dynamics
• Competitive Scenario
Key Market Segments
By Solution Type
Products
Services
By Equipment Type
Heavy construction equipment
Compact construction equipment
By Type
Loader
Cranes
Forklift
Excavator
Dozers
Others
By Application
Excavation and Mining
Lifting and Material handling
Earth Moving
Transportation
Others
By End User
Oil and gas
Construction and Infrastructure
Manufacturing
Mining
Others
Research Methodology-
Allied Market Research offers an all-inclusive research & analysis for the clientele based on an extensive variety of factual responses, which comprise primary interviews and secondary research involving consistent statistics, industry applicants, and regional segmentation. The in-house industry doyens tend to play a crucial role in delineating analytical models & tools, crafted to cater to the requirements of the clients. These analytical tools also happen to perk up the preciseness of our recommendations.
The market numbers are verified by means of numerous data triangulation techniques. Additionally, reliable industry journals, accurate press releases from trade association, and government websites have also been revised for producing exclusive industry insights.
Key Stakeholders
- Top players operating in the industry
- Governments Agencies
- Distributors
- C-level Officials
- Suppliers
- Venture Entrepreneurs
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