Construction Machinery Market and Global Forecast Report by 2025
|Constriction Machinery / Heavy Equipment / Heavy Machinery|
The activities engaged with the projects of construction where the size of the work undertaken is vast, timely completion of work and speedy work with quality control is extremely essential part. With the end goal of accomplishing this, mechanization of the work must be done, where the machinery and equipment involved in construction assume a major job. The utilization of the machinery is growing owing to factors like; complexity and magnitude of work, projects needing large material handling, increasing standard in the outcome of the construction, to reduce the usage of finance and material and other factors. Therefore, the Construction Machinery Market is anticipated to expand and has tremendous scope during the forecast period. The global Construction Machinery Market anticipated to flourish in the future by growing at a significantly higher CAGR.
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Drivers and Restrains
The factors driving this market are; increasing number of activities related to the construction of roads due to road development activates undertaken by the government, increasing demand from the irrigation sector, rise in the lease and rent of these machinery owing to the more initial cost and maintenance cost and other factors. The restraining factor of this market is the strict rules and regulations by the government for lower emission which has increased the demand for hybrid and electric machinery.
The Asia Pacific region is leading the Global Construction Machinery Market owing to factor like; increasing demand from various economies like India, Japan and China, rise in the renting of these machinery, etc.
Construction Machinery Market, By Region
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Rest of Asia-Pacific
Rest of South America
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The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Sumitomo S.H.I Construction Machinery Co. Ltd.
Atlas Copco Construction and Mining
Doosan Infracore Ltd.
Hitachi Construction Machinery Co. Ltd.
Volvo Construction Equipment
John Deere and Co.
Kobelco Construction Machinery Co. Ltd
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Name: Jennifer Daniel
Organization: Planet Market Reports