Pre-owned construction equipment market size was valued at $165,162.2 million in 2021, and is projected to reach $484,310.7 million by 2031 The report offers a detailed study of the pre-owned construction equipment market, which is classified on the basis of types, end users, applications, and regions. By geography, the pre-owned construction equipment market is categorized across North America, Europe, Asia-Pacific, and LAMEA
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These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their pre-owned construction equipment market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
The report also provides information on the drivers, restraints, and opportunities of the market. Furthermore, certain strictures such as value chain breakdown, pricing analysis, Porterโs five force breakdown, and impact of government dictums on the market are also demonstrated in the pre-owned construction equipment market report.
Segmental outlook
The global pre-owned construction equipment market is categorized on the basis of type, application, end-use industry, and region. Based on region, the market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The segmental study takes in real-time and forecast in both qualitative and quantitative terms. This helps clients understand the most worthwhile segments for investors to capitalize on the market.
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Competitive Scenario :
AIS Construction Equipment Service Corporation, Caterpillar, Inc., CEUK T/A Construction Equipment UK, Equippo AG, Hitachi, Ltd. (Hitachi Construction Machinery), Hooray Machinery Co.,Ltd, Infra Bazaar, Kobelco Construction Machinery Co., Ltd., Komatsu Used Equipment Corp., Machine Hub Asia, Machinery Auctioneers, RรKO GmbH, Sandhills Global, Shriram Automall India Limited, Terex Corporation, Truck1, Volve CE Used Equipment
The report encompasses an in-depth study of the major players operating across the world, along with market share analysis, and an outlook on the strategies adopted by the top players in the industry. Moreover, the report highlights the developmental strategies such as mergers & acquisitions, product launches, and partnerships incorporated by the market players to heighten their foothold in the market.
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Covid-19 impact:
- Construction and manufacturing activities of pre-owned construction equipment halted due to the implementation of the global lockdown.
- Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pre-owned construction equipment market analysis from 2021 to 2031 to identify the prevailing pre-owned construction equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders maket profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pre-owned construction equipment market forecast.
- Major countries in each region are mapped according to their revenue contribution to the global market.
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