DUBLIN–(BUSINESS WIRE)–The “Global Construction Equipment Market Overview, 2025” report has been added to ResearchAndMarkets.com’s offering.
The high capital-intensive investment requiring construction machinery has been a vital part of the economy globally. These types of equipment not only helps in decreasing the time involved in the process but also increases the efficiency of the process with less human intervention. The work efficiency has increased quite well with the inclusion of the machinery, which has made it possible for the construction contractors to complete multiple projects at a time. The overall global construction market was recorded at USD 110.67 Billion in the year 2014, owing to the increasing demand for infrastructural construction worldwide.
The need for abrupt and flawless constructions has propelled the demand in the construction equipment market across the world, according to the recently, report titled ‘Global Construction Equipment Market Outlook, 2025’. The dominating earthmoving machinery sector is expected to show a decline in the market share by the forecasted period, while the road construction equipment is expected to show a growth of more than 7%. While the developed countries are expected to increase in demand for the material handling machinery, the economically backward governments are to shift their concentration towards road transportation development, which would be a great support for the economic boost. The higher productivity with optimum fuel usage is the prime factor that the customer looks for in such construction support equipment, as the investment made behind such purchase is high.
The pandemic is likely to leave the economy shaken and resulting in a fall of construction and the real estate industry. Moreover, the industry has been facing a shortage of skilled labors over the past few years. As the existing labour force is retiring due to the age factor, the industry is in a struggle to fill up the positions. Even though these machines are designed to meet the labor shortage, the operators need to be technically skilled enough to handle them.
As the global construction equipment market is growing, the market has shown growth at the individual regional levels too. Regionally the major shareholder for the construction equipment market in the Asia Pacific. The region has shown an increasing trend over the years in this segment. This increasing demand in the construction equipment industry is due to the increasing investment in the infrastructural development in the developing countries of the region. The smaller regions of Latin America and the Middle East & African countries are likely to show an increase in the market share. The US accounts for the highest market share in the global equipment market as an individual country.
For the last many decades, the use of concrete and stones is popular among road building materials due to its high durability and resistance to extreme weather conditions. The demand for this type of machinery has been in a growing pattern with the increasing need for better land connectivity among the cities and the nations, which in turn is to offer better support to the economy. The increasing urban population would increase the demand for public transports and better road networks. With the help of advanced technologies, the road networks are expected to have smart concrete materials used in its constructions. This is expected to grow the demand for the more dynamic equipment that would fulfill the requirements of the contractors. On the other hand, the vertical expansion in constructions is to let the material handling machinery segment cover a market of more than 20%.
Companies Mentioned
- Caterpillar Private Limited
- CNH
- Doosan Infracore
- Epiroc
- Hitachi Construction Machinery Co Ltd
- J C Bamford Excavators Ltd
- John Deere Ltd
- Kobe Steel Ltd
- Komatsu
- Kubota Corporation
- Liebherr
- Metso
- Sandvik Mining And Rock Technology
- Sany
- Terex Corporation
- Volvo Construction Equipments
- XCMG Zoomlion
Key Topics Covered:
1. Report Methodology
2. Market Structure
3. Executive Summary
4. Global Construction Equipment Market Outlook
4.1 Market Size By Value
4.2 Market Share
4.3 Global Earth Moving Machinery Market Outlook
4.4 Global Material Handling Machinery Market Outlook
4.5 Global Concrete and Road Construction Machinery Market Outlook
5. North America Construction Equipment Market Outlook
6. Europe Construction Equipment Market Outlook
7. Asia Pacific Construction Equipment Market Outlook
8. Latin America Construction Equipment Market Outlook
9. Middle East & Africa Construction Equipment Market Outlook
10. Global Construction Equipment Market Dynamics
10.1 Key Drivers
10.2 Key Challenges
11. Market Trends & Developments
12. Competitive Landscape
12.1 Porter’s Five Forces
12.2 Company Profile
13. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/gmvois
