$204+ Billion Construction Machinery Global Market to 2030 – Identify Growth Segments for Investment – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Construction Machinery Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global construction machinery market as it emerges from the COVID-19 shut down.
The global construction machinery market is expected to grow from $204.24 billion in 2020 to $226.97 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $321.21 billion in 2025 at a CAGR of 9.1%.
Companies Mentioned
- Caterpillar Inc.
- Komatsu
- Hitachi Construction Machinery Co Ltd
- Liebherr
- Volvo Construction Equipment
- Deere & Company
- Zoomlion Heavy Industry Sci & Tch Co Ltd
- Terex Corporation
- Sany Heavy Industry Co. LTD
- XCMG Construction Machinery Co Ltd
- Doosan Infracore Co Ltd
- Kobelco Construction Machinery Co. Ltd
- JCB India Limited
- Manitou BF SA
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider construction machinery market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The construction machinery market section of the report gives context. It compares the construction machinery market with other segments of the construction machinery market by size and growth, historic and forecast.
The construction machinery market has been observing multiple strategic initiatives such as partnerships and innovative product launches over recent years. Major companies in the market are continuously focusing on collaborating with other companies to expand their product portfolio and geographical presence. For instance, in July 2018, Caterpillar Inc, US-based construction machinery and equipment manufacturer announced the partnership agreement with Newmont Mining, a US-based gold producer to develop underground vehicle automation technology. The companies together plan to focus on Caterpillar’s semi-autonomous system for underground loaders and improving existing technology. Similarly, in July 2018, Hitachi Construction Machinery Co., Ltd. collaborated with Whitehaven Coal to design an Autonomous Haulage System (AHS) to support the company’s mining operations in North West New South Wales.
The construction machinery market covered in the report is segmented by product into earthmoving; material handling; building & road construction equipment; autonomous construction equipment and by application into excavation & mining; lifting & material handling; earth moving; transportation; others.
Increasing investment in infrastructure is anticipated to contribute to the construction machinery’s market growth. According to the World Economic Forum, the investment in infrastructure worldwide is projected to reach $79 trillion by 2040. According to Acuris, financial news and data firm in January 2020, the investment in infrastructure in India increased by 25% to $28.74 billion in 2019. The surge in investments in infrastructure is likely to generate higher demand for construction machinery and equipment, thereby driving the growth of the construction machinery market.
For more information about this report visit https://www.researchandmarkets.com/r/dlk089
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