Global Construction Machinery Manufacturing Market Industry Size, Share, Analysis, Trend & Future Planning 2020
Bharat Book Bureau Provides the Trending Market Research Report on “Global Construction Machinery Manufacturing Market Forecast to 2020” underIndustry & Mfg. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Global Construction Equipment Manufacturing Market should reach$230.9 billion by 2020 from $181.6 billion in 2016 at a compound annual growth rate (CAGR) of6.2%, from 2016 to 2020.
-An overview of the global market for construction machinery manufacturing.
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2020.
-Analyses of the market by segment and by region.
-Insight into the historic and forecast data of the market.
-Description of market dynamics, including drivers and restraints.
-Discussion of key mergers and acquisitions in the market.
-Profiles of major companies in the industry.
It’s goal in performing this study was to determine the global market and future demand growth for construction equipment manufacturing over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for construction equipment manufacturing by geography, and product (i.e., earthmoving, material handling, and building & road construction equipment).
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The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in construction equipment manufacturing and forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit construction equipment manufacturers, providers of raw materials, users of construction equipment, construction companies, governments around the world, and others.
Study Goals and Objectives
-To sum up the global construction equipment manufacturing market size.
-To estimate the growth rate of the global construction equipment manufacturing market.
-To segment the market in the deepest possible way.
-To provide market numbers and growth rates at geographically.
-To identify major drivers and restraints.
-To identify key trends and technology updates in the field.
Reasons for Doing This Study
The demand for affordable housing in Asia and the Middle East was driven by rapid increase in millennial population in these regions. In addition, rising disposable income in emerging markets is driving the demand for residential and commercial buildings, thereby offering significant growth opportunities for construction equipment in the country. Global industry leaders and large organizations see an expanded role for increasing urbanization and public and private investments for building roads, highways, ports, railway network, dams, irrigation systems, airports, and bridges.
The global construction equipment manufacturing market is growing due to growing demand for residential construction, business operations, employment facilities, and recreational activities. In addition, growth in economy, government investments in infrastructure projects, and rising population is driving construction projects globally. These factors are expected to drive the construction equipment manufacturing market.
The market for construction equipment manufacturing is marginally consolidated with a few large players, dominating the market. Major players in the market include Caterpillar, Komatsu Ltd., Liebherr Group, Volvo Group, and others.
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