Increase in global economic, rise in government investments in the infrastructure sector, surge in the construction industry, and growth in urbanization due to increased population are expected to propel the global heavy construction equipment market.

Portland, July 23, 2019 (GLOBE NEWSWIRE) -- According to the report, the global heavy construction equipment market was pegged at $124.68 billion in 2016 and is expected to garner $193.24 billion by 2022, registering a CAGR of 7.6% from 2016 to 2022.

Rise in global economic, increase in the construction industry, and growth in urbanization as a result of the increasing population has boosted the growth of the global heavy construction equipment market. However, factors such as carbon emission and the surge in oil-prices hamper the market. On the contrary, a rise in government investments in the infrastructure sector is expected to create lucrative opportunities in the near future.

The global heavy construction equipment market is divided on the basis of machinery type, application, end-user industry, and geography. Based on machinery type, the market is segmented into earthmoving equipment, material-handling equipment. The earthmoving segment dominated the market in 2016, accounting for more than two-fifths of the market. However, the material handling segment is projected to portray the fastest CAGR of 9.1% during the forecast period.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1729

On the basis of application, the market is categorized into excavation & demolition, heavy lifting, material handling. The material handling segment is estimated to register the fastest CAGR of 8.4% during the forecast period. However, the excavation & demolition segment held the largest share in 2016, contributing around one-third of the market.

Based on end-user industry, the market is bifurcated into construction, oil & gas, mining, infrastructure, manufacturing, and others (forestry & agriculture). The infrastructure segment is projected to manifest the fastest CAGR of 9.1% during the forecast period. However, the construction segment held the lion’s share in 2016, accounting for more than one-third of the market.

Ask For Discounts: https://www.alliedmarketresearch.com/purchase-enquiry/1729

The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region held the largest share in 2016, contributing more than two-fifths of the market. Moreover, the region is estimated to register the fastest CAGR of 8.1% during the forecast period.

The market report provides an in-depth analysis of the major market players such as AB Volvo, Caterpillar, Inc., Komatsu Ltd., Doosan Infracore Co. Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd. (JCB), Liebherr Group, CNH Industrial N.V., Hyundai Heavy Industries Co. Ltd., and Terex Corporation.

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides a one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies the client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com