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Construction Equipment Market by Construction Equipment Type, Construction Application, Mining Equipment, Mining Application, and Region - Global Trends and Forecast to 2021

Construction Equipment Market: Forecast until 2021

  • July 2016
  • 194 pages
  • ID: 3984707
In this report:
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The articulated dump truck market in the RoW region is estimated to be ##,## units in 2016, and is expected to grow at a CAGR of ##.##% during the forecast period.

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"Growing infrastructural activities, along the increasing demand for advanced infrastructure and technologically advanced solutions, are anticipated to fuel the industry demand for construction and mining equipment"

The construction equipment market is estimated to rise at a compound annual growth rate of ~4.1 percent, to attain a market size of ~$116.2B by 2021, while the mining equipment market is estimated to rise at a compound annual growth rate of ~6.4 percent, to attain ~$136.0B by 2021. Top factors driving the increase of the construction and mining equipment market contain increasing population, quick urbanization, growing construction activities, and incorporation of new technologies in equipment.

"Growing infrastructure market to drive the construction equipment market"

The rise of the infrastructure sector is predicted to push the construction equipment market. This rise can be accredited to main upcoming construction projects around the world, primarily in developing nations. On top of, main upcoming events, including the 2016 Olympics in Brazil (BR) and the 2018 World Cup in Russian Federation, will likely drive industry growth.

"Asia-Pac: Fastest-growing market for construction and mining equipment"

Asia Pacific (APAC) is projected to dominate the construction and mining equipment market, and is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. This increase can be credited to the improving socio-economic conditions in emerging economies including China, India (IN), Indonesia (ID), and Thailand (TH). The sizeable populations in countries including China (CN) and India (IN) have resulted in an increased number of government projects including airports, sewer systems, and renewable energy projects.

Key players' distribution profiles:

The market research includes industry insights specified by different market experts, ranging from equipment suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category - OEM 38.0 percent, Tier-1 - 13 %, Tier-2 - 5.0 percent, and Others - 44.0 percent

• By Description - C-suite - 31.0 percent, D-suite - 31.0 percent, and Others - 38.0 percent

• By Area - North America continent - 31.0 percent, Europe (EU) - 25.0 percent, and Oceania/Asia - 44.0 percent

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry study (sector trends and Porter's Five Forces), value chain study, and company descriptions, which together comprise and examine the basic overviews on the emerging and high-growth segments of the construction and mining equipment market, opposing landscape, high-growth areas and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The industry report allows new sector entrants/smaller companies to comprehend the industry better, which would help them to acquire a larger market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned four strategies (sector development, product improvement/innovative projects, business diversification, and opposing assessment) to enhance their rank in the sector.

The analysis offers business insights with reference to the following points:

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for construction and mining equipment across localities

- Product improvement/Innovative products: In-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the overall construction and mining equipment market

- Industry diversification: Exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the overall construction and mining equipment market

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of key players in the overall construction and mining equipment market

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