Global Heavy Construction Equipment Market to Grow at a CAGR of 7.7% by 2023 - Key Vendors are Hitachi Construction Machinery, Caterpillar, Hyundai Heavy Industries & John Deere - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Heavy Construction Equipment Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.

The global heavy construction equipment market is expected to grow with the CAGR of approximately 7.7% during the forecast period (2016-2023).

The global construction equipment market has previously faced slowdown owing to sluggish economic conditions and sluggish growth of the construction industry; however the heavy construction equipment market is expected to grow with the fastest growth rate in near future. Increasing residential, industrial and commercial construction activities, economic growth worldwide and growing public-private partnerships is expected to boost the market. The government regulations regarding carbon emission and high cost associated with heavy construction equipment is likely to restrain the market growth. Increasing government investment for the infrastructure development is estimated to provide good opportunities for the market growth. Furthermore, increasing real estate market is also driving factor for market growth.

According to the state council, In the peoples republic of china, the investment in China in property development was gained steam in 2016 as investors has constantly to initiate new projects amid increasing house prices. The investment in the real estate development increased 6.9% year over year in 2016 which is 1.1% rapid than the earlier three quarters and 5.9% points as compared to earlier year, as per the National Bureau of Statistics (NBS). The property investment has also increased 7.5% year on year. For residential properties, the investment increased 6.4% year over year and the floor space of new residential construction enhanced 8.7% year over year.

Companies Mentioned

  • Adinotec Ag (Germany)
  • Caterpillar Inc. (U.S.)
  • CNH Industrial Nv (Uk)
  • Doosan Corporation (South Korea)
  • Hitachi Contruction Machinery Co., Ltd. (Japan)
  • Hyundai Heavy Industries Co., Ltd. (South Korea)
  • JCB Ltd. (Uk)
  • John Deere (U.S.)
  • Komatsu Ltd. (Japan)
  • Liebherr Group (Switzerland)
  • Logan Machine Company (U.S.)
  • Sany Heavy Equipment International Holdings Co. Ltd. (China)
  • Soilmec S.P.A. (Italy)
  • Terex Corporation (U.S.)
  • Volvo Contruction Equipment (Belgium)

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographical Analysis

7. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/t2qlmt/global_heavy

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Heavy Machinery

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Heavy Machinery