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Heavy Construction Equipment Market: Global Forecast until 2021

  • January 2017
  • 192 pages
  • ID: 5201341
In this report:
Construction & Manufacturing dominated the market of Brazil's heavy construction equipment, by end-use industry, with a share of ##.##%, having accounted for ##.## thousand units in 2015 and is projected to grow at a CAGR of ##.##% during the forecast period.
The construction & manufacturing segment dominated the market of the Rest of Asia-Pacific's heavy construction equipment, by end-use industry, with a share of ##.##%, having accounted for ##.## thousand units in 2015.

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Heavy construction equipment market forecasted to grow at a compound annual growth rate (CAGR) of 7.00 percent

The heavy construction equipment market size is expected to increase at a compound annual growth rate (CAGR) of 7.0% during the forecast horizon of 2016 - 2021 and attain ~$180.7B by 2021. The heavy construction equipment market is gaining momentum in the modern construction industry due to Elements such as geographical expansion in emerging industries and adoption of heavy construction equipment affords lucrative opportunities for market actor in the future 10 years. Other factors driving the heavy construction equipment market are quick urbanization and rise in market investments in the construction and manufacturing market.

The excavation & demolition segment, by application, held a considerably larger market share in the heavy construction equipment market

The excavation & demolition segment, by application, is expected to dominate the heavy construction equipment market and is forecasted to be the quickest-growing segment during the outlook period. The Compound annual growth rate for this industry segment is expected to rise at a higher rate over the upcoming five years, due to the rise in mining activities of precious minerals and metals across the world and growth in natural calamities where excavators are used in rescue operations.

APAC is anticipated to witness a steady increase during the estimate period

In 2015, Asia-Pac recorded for a larger market share of the total heavy construction equipment market, in terms of value significance, succeeded by the Middle East area & African continent. The european (EU) market is presumed to grow at a comparatively lower rate than other regions as a result of weak construction demand in the region due to sub-performing economic condition. Asia Pacific (APAC) is expected to register the more important rise from 2016 to 2021, while India (IN) is forecasted to be quickest-increasing country-level market in the area for the heavy construction equipment market. The Middle-East & Africa area is expected to increase at the second-highest Compound annual growth rate between 2016 and 2021, with South Africa (ZA) recording the maximum growth rate in the territory.

Breakdown of Primaries

Primary Q&A were managed with a number of industry experts in order to gather info associated to various aspects of the heavy construction equipment market. Measures reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals including constructors, manufacturers, distributors, consultants, and academic professionals. The classification of primaries interviews is like:

By Company Type: Tier 1 - 35.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 35.0 percent

By Designation: C Level - 65.0 percent, Manager Level - 35.0 percent

By area: North america (NA) - 25.0 percent, Europe - 28.0 percent, Asia-Pacific - 22.0 percent, Latin America - 10.0 percent, and the Middle East & Africa - 15.0 percent

Note: The 1/3 of the companies, the tiers of the corporations is defined on the basis of their final revenue, as of 2015.

Tier n1: Revenue > $500.0M; Tier 2: $100.0M

Segment Research

The distribution considered for this business report is based on category, end-use market, application, and area that constitute the top sectors. In terms of application, excavation and demolition held the biggest market share, in terms of value importance and it is expected to rise at the highest CAGR (Compound annual growth rate). Factors such rise in mining activities of precious minerals and metals across the world and rise in natural calamities where excavators are used in rescue operations are driving the increase of the excavation and demolition segment in heavy construction equipment market. On the basis of end-use sector, this industry has been categorized into construction and manufacturing, oil & gas, public work, rail & road, mining, and others, which include military, forestry, and agriculture. The construction and manufacturing industry is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period, due to the increase in public and private investments in the infrastructure market in the emerging economies of Asia-Pacific, the Middle East (ME), and Latin America area.

Why acquiring this study can help you

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the heavy construction equipment market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the sector and offers them information on main market drivers, market restraints, alternatives, and opportunities.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector. The competitive outlook section includes new industry product developments, acquisitions, strategic agreements, alliances, and business developments.

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