Press release
Global Heavy-Duty Construction Equipment Market 2021: Top Industry Players, Growth Report to 2027
The global heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 7.0% over the forecast period (2021-2027). The key aspect that drives the growth of the global heavy-duty construction equipment market is continuous growth in the emerging economies, rising investors, government schemes, and investment in transport, energy, and housing projects are some of the major factors for the growth of the construction sector all across the globe. Thus, with the rise in the overall construction industry, there is likely to be an increased demand for heavy-duty construction equipment as well, which in turn, drives the growth of the market over the forecast period.
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Apart from the rising global population, urbanization is also a major factor that propels the construction industry. As per the United Nations, the global population in 2019 was more than 7.7 billion which is expected to increase to 8.18 billion in 2025. Moreover, around 54% of the population lived in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. The largest urban growth will take place in India, China, and Nigeria. Managing urban areas is challenging for the government in emerging economies that includes forming and implementing cohesive policies and plans related to the development under smart cities projects. These will create a significant demand for proper infrastructure globally, which in turn creates scope for the growth of the market.
A Full Report of Global Heavy-Duty Construction Equipment Market is Available at: https://www.omrglobal.com/industry-reports/heavy-duty-construction-equipment-market
Market Coverage
Market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered- By Machinery Type, Applications and Industry
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others
Global Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
Earth Moving Equipment
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
Material Handling Equipment
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
Other Heavy-Duty Construction Equipment
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
Excavation & Demolition
Heavy Lifting
Handling
Transportation
Recycling & Waste Management
Others (Tunneling)
By Industry
Construction & Infrastructure
Manufacturing
Mining
Others (Oil & Gas)
Global Heavy-Duty Construction Equipment Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/heavy-duty-construction-equipment-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/heavy-duty-construction-equipment-market
Apart from the rising global population, urbanization is also a major factor that propels the construction industry. As per the United Nations, the global population in 2019 was more than 7.7 billion which is expected to increase to 8.18 billion in 2025. Moreover, around 54% of the population lived in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. The largest urban growth will take place in India, China, and Nigeria. Managing urban areas is challenging for the government in emerging economies that includes forming and implementing cohesive policies and plans related to the development under smart cities projects. These will create a significant demand for proper infrastructure globally, which in turn creates scope for the growth of the market.
A Full Report of Global Heavy-Duty Construction Equipment Market is Available at: https://www.omrglobal.com/industry-reports/heavy-duty-construction-equipment-market
Market Coverage
Market number available for – 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered- By Machinery Type, Applications and Industry
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Caterpillar Inc., Deere & Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco Construction Machinery Co. Ltd. among others
Global Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
Earth Moving Equipment
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
Material Handling Equipment
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
Other Heavy-Duty Construction Equipment
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
Excavation & Demolition
Heavy Lifting
Handling
Transportation
Recycling & Waste Management
Others (Tunneling)
By Industry
Construction & Infrastructure
Manufacturing
Mining
Others (Oil & Gas)
Global Heavy-Duty Construction Equipment Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/heavy-duty-construction-equipment-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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