DUBLIN--(BUSINESS WIRE)--The "Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The construction equipment market is projected to grow at a CAGR of 4.52%, to reach a market size of USD 199.18 billion by 2025 from an estimated market size of USD 146.17 billion in 2018.
Major factors driving the growth of this market include growing population, rapid urbanization, increasing construction activities, and incorporation of new technologies in the equipment.
Tier-5 compliant engines are projected to have the largest market share of construction equipment by emission regulation in 2025. The countries in North America such as Canada, the US, and Mexico are speculated to have enforced these regulations by 2025. Additionally, it is speculated that Japan will also follow these regulations once they are in effect. With the increasing focus on reducing emission from fossil fuels, regional emission regulation will have a significant impact on the construction equipment market.
The Selective Catalytic Reduction (SCR) aftertreatment device segment is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the stringent emission regulation standards that are speculated to be in Asia Pacific, Europe, and North America during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Construction Equipment Market, By Equipment Type
7 Construction Equipment Market, By Equipment Category
8 Construction Equipment Market, By Application
9 Construction Equipment Market, By Power Output
10 Construction Equipment Market, By Emission Regulation Stage
11 Construction Equipment Aftertreatment Device Market, By Region
12 Construction Equipment Market, By Propulsion Type
13 Construction Equipment Rental Market, By Application
14 Construction Equipment Market, By Region
15 Competitive Landscape
16 Company Profiles
- Volvo Construction Equipment
- CNH Industrial
- Hitachi Construction Machinery
- John Deere
- Atlas Copco AB
- Sandvik Group
- Wirtgen Group
- Astec Industries
- Hyundai Heavy Industries
- Kobe Steel
- Sumitomo Heavy Industries
- Sany Heavy Industries
For more information about this report visit https://www.researchandmarkets.com/research/kcc4js/construction?w=4