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Construction Equipment Market to reach USD 186.42 Billion by 2026; Major Companies are Focusing on M&As for Establishing a Wider Consumer Base, says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, June 18, 2020 (GLOBE NEWSWIRE) — The global construction equipment market size is projected to reach USD 186.42 billion by the end of 2026. The increasing investment in the development of efficient products, coupled with the rising applications of these equipment, will bode well for the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Construction Equipment Market Size, Share and Industry Analysis By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Regional Forecast, 2019-2026,” the market was worth USD 128.46 billion in 2018 and will exhibit a CAGR of 4.8% during the forecast period, 2019-2026.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.Increasing Number of Company Mergers Will Provide Impetus Market GrowthThe report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on the growth of the market in recent years. The rising demand for construction equipment is attributable to the increasing construction activities across the world. Accounting to the rising product demand, major companies are collaborating with other tech companies, with a bid to acquiring a wider consumer base. In December 2017, Nvidia announced that it has partnered with Komatsu. The collaboration is aimed at the deployment of AI-powered equipment at industries. This step was taken to improve the safety and efficiency of products in industrial workplaces. This collaboration will not just help the company but will also have a direct impact on the growth of the overall market in the coming years.The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is expected to emerge dominant in the coming years. The increasing investment in construction equipment by government as well as private organizations will emerge in favor of market growth. The rising emphasis on public infrastructure and renewable energy projects will contribute to the growth of the market in this region. As of 2018, the market in Asia Pacific was worth 49.68 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will rise considerably from its 2018 value of USD 36.27 billion driven by the rising demand for new housing units. Moreover, the improving employment level will also aid the growth of the market in Europe.
List of the Key Companies Operating in the Construction Equipment Market are:AB VolvoCaterpillar Inc.Komatsu LtdDoosan Infracore Co. LtdHitachi Construction Machinery Co. LtdC. Bamford Excavators LimitedLiebherr GroupCNH Industrial N.VHyundai Heavy Industries Co. LtdTerex Corporation
Industry Developments:June 2018: Deere & Company announced the launch of two new forwarders 910G and 1010G. The products will offer a solution for every logging operation and deliver power and productivity.IntroductionResearch ScopeMarket SegmentationResearch Methodology and AssumptionsExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesKey InsightsMacro and Micro Economic FactorsKey Technological Trends and DevelopmentsPrice Trend AnalysisGlobal Construction Equipment Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Equipment Type (US$ Mn)Earthmoving EquipmentMaterial Handling Equipment & CranesConcrete EquipmentRoad building equipmentCivil engineering equipmentCrushing and screening equipmentOther EquipmentMarket Sizing Estimations and Forecasts – By Application (US$ Mn)ResidentialCommercialIndustrialMarket Analysis, Insights and Forecast – By Geography (US$ Mn)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued…!!!
Motor Grader Market Size, Share and Industry Analysis By Type [Rigid Frame & Articulated Frame], By Capacity [Small Motor Graders (80 – 150 HP), Medium Motor Graders (150 – 300 HP) & Large Motor Graders (Above 300 HP)], By Application [Construction, Mining, Forestry & Agriculture and Others] and Regional Forecast, 2019-2026Forklift Trucks Market Size, Share & Industry Analysis, By Type (Class I, Class II, Class III, Class IV, Class V), By Application (Mining, Logistics, Construction, Food & Beverage, Natural Resources, Manufacturing, Others (Agriculture, etc.)) and Regional Forecast, 2019-2026Cranes Market Size, Share and Industry Analysis By Product Type (Mobile, Fixed, Marine), By End-User Industry (Construction, Mining, Industrial, Oil & Gas, Others) and Regional Forecast 2019-2026Dump Trucks Market Size, Share and Industry Analysis By Type (Articulated, Rigid), By End Use Application (Mining, Construction, Waste Management, Others) and Regional Forecast 2019-2026Excavators Market Size, Share and Industry Analysis By Type (Mini/Compact Excavator, Crawler Excavator, Wheeled Excavator, Other Excavator), By End-use Industry (Construction, Forestry & Agriculture, Mining, Others) And Regional Forecast 2019-2026Telescopic Handlers Market Size, Share and Industry Analysis By Types (Compact Telescopic Handlers, High lift Telescopic Handlers, High load Telescopic Handlers), By Technology (Hybrid, Electric, Combustion), By Lift Height (Less than 5 meters, 5-15 meters, More than 15 meters), By Lift Capacity (Less than 3 tons, 3-10 tons, More than 10 tons), By End-User Industry (Construction, Forestry, Others) and Regional Forecast 2019-2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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