DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Heavy Construction Equipment Market - Global Forecast to 2021" report to their offering.
The heavy construction equipment market size will grow from USD 129.11 Billion in 2016 to USD 180.66 Billion by 2021, at an estimated CAGR of 7.0%.
The heavy construction equipment market is gaining momentum in the modern construction industry due to factors such as geographical expansion in emerging markets and adoption of heavy construction equipment offers lucrative opportunities for market player in the next 10 years. Other factors driving the heavy construction equipment market are rapid urbanization and increase in investments in the construction and manufacturing industry.
The excavation & demolition segment, by application, is estimated to dominate the heavy construction equipment market and is projected to be the fastest-growing segment during the forecast period. The CAGR for this segment is projected to grow at a higher rate over the next five years, owing to the increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.
Asia-Pacific is projected to register the highest growth from 2016 to 2021, while India is projected to be fastest-growing country-level market in the region for the heavy construction equipment market. The Middle-East & Africa region is projected to grow at the second-highest CAGR between 2016 and 2021, with South Africa registering the highest growth rate in the region.
Companies Mentioned:
- Caterpillar Inc.
- CNH Industrial N.V.
- Doosan Infracore Ltd.
- Hitachi Construction Machinery Co. Ltd.
- JCB Ltd.
- Komatsu Ltd.
- Liebherr AG
- Sany Heavy Equipment International Holdings Co. Ltd
- Terex Corporation
-
Volvo Construction Equipment
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Heavy Construction Equipment Market, By Type
7 Heavy Construction Equipment Market, By Application
8 Heavy Construction Equipment Market, By End-Use Industry
9 Heavy Construction Equipment Market, By Region
10 Competitive Landscape
11 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/lj5xvm/heavy
