Construction equipment in general includes several types of earthmoving equipment, excavation equipment, and compactors whose chief objective is to excavate but other than that they are also used for many purposes like heavy lifting, demolition, cutting of trees, river dredging etc. The boom in infrastructure, housing construction, and mining are the primary drivers attributing to the demand for construction equipment. Besides, the global construction equipment market has witnessed healthy growth over the past decade; nonetheless, market conditions have become tougher recently. Quality, Brand, Price, and Relationship are the consideration factors during the procurement of the construction equipment across the world.
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Apart from this, in the short term, the construction equipment market will see a bit of a slowdown in the further expansion of new or emerging players. In particular, China-based companies have recently curtailed their expansion plans as they wrestle with slower growth at domestic construction equipment market. The middle market for construction equipment, constituting the bulk of demand in emerging markets, is often underserved by multinational companies and offers considerable growth opportunities. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global construction equipment market.
Global Construction Equipment Market: Segments
The global construction equipment market can be segmented based on product type, operation, owner type, and region.
Based on product type, the global construction equipment market can be segmented as:
Tractor Loader Backhoe
Compact Wheel Loader
Rough Terra Forklifts
Based on operation, the global construction equipment market can be segmented as:
Based on owner type, the global construction equipment market can be segmented as:
Global Construction Equipment Market: Key Participants
List of some of the prominent market participants in the global construction equipment market discerned across the value chain include:
CNH Industrial America LLC
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The research report – Construction Equipment presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on Construction Equipment market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Construction Equipment market segments such as geographies, application, and industry.
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