In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the construction equipment market.

ROCKVILLE, MARYLAND, UNITED STATES, December 16, 2021 /EINPresswire.com/ -- The construction equipment market is poised to expand at a CAGR of over 4% during the forecast period of 2020 to 2030. Construction equipment is specially designed machinery used to perform construction operations in various industries such as mining, construction, ports, manufacturing, and forestry, among others. This equipment is used for various functions such as drilling, hauling, excavating, paving, and grading.

The Market survey of Construction Equipment offers a comprehensive analysis of diverse features, including production capacities analysis of Construction Equipment, demand, product developments, revenue generation, and Size of Construction Equipment Market across the globe.

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Key Segments of Construction Equipment Market

Fact.MR’s study on the construction equipment market offers information divided into five key segments— equipment, power output, end use, ownership, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Equipment
Excavators
Crawlers Excavators
Wheeled Excavators
Mini Excavators
Loaders
Asphalt Pavers
Dozers
Dump Trucks
Compaction Machines (Rollers)
Concrete Mixers
Motor Graders
Cranes
Mobile Cranes
Crawler Cranes
Tower Cranes
Others

Power Output
Below 100 Hp
100.1 to 200 Hp
200.1 to 400 Hp
Above 400 Hp

End Use
Construction
Mining
Agriculture & Forestry
Industrial
Others

Ownership
Rental Operators
Industrial & Commercial Enterprises

Region
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Key Takeaways from Construction Equipment Market Study

Under the impact of COVID-19, the global construction equipment market is expected to reach a market valuation of US$ 180 Bn by the end of 2030.

By equipment, demand for excavators is foreseen to grow 2.6X than cranes in 2020. On the other hand, cranes will account for 1/5 of the overall absolute dollar opportunity created during the forecast period.

By power output, 200.1-400 HP construction equipment is projected to create an absolute $ opportunity of US$ 18 Bn from 2020 and 2030.

By end use, the construction industry is projected to account for 42% of the total sales in 2020, and is anticipated to create an absolute $ opportunity of more than US$ 32 Bn during the forecast period 2020-2030.

By region, East Asia is estimated to be the prominent construction equipment market, and is projected to surpass a market valuation of US$ 52 Bn by the end of 2030.

Some Notable Offerings by Fact.MR Report on Construction Equipment market:

Fact.MR will provide you an analysis of the extent to which this Construction Equipment market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
Also, this report will help you to identify any trends to forecast growth rates.
The analyzed report will forecast the general tendency for supply and demand.

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Some of the Construction Equipment Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

Details regarding latest innovations and development in Construction Equipment and how it is gaining customer traction during the forecast period.
Analysis about the customer demand of the products and how it is likely to evolve in coming years.
Latest regulations enforced by government bodies and local agencies and their impact on Demand of Construction Equipment Market .
Insights about adoption of new technologies and its influence on the Construction Equipment market Size.
Overview of the impact of COVID-19 on Construction Equipment Market and economic disruptions caused by the pandemic.
Evaluates post-pandemic impact on the Sales of Construction Equipment Market during the forecast period.

After reading the Market insights of Construction Equipment Report, readers can:

Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
Analyze key regions holding significant share of total Construction Equipment market revenue.
Study the growth outlook of Construction Equipment market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use & supply side analysis of Construction Equipment market.
Investigate the recent R&D projects performed by each market player & competitive analysis of Construction Equipment Market Players.

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How Fact.MR Assists in Making Strategic Moves For Construction Equipment Market Manufacturer?

The data provided in the Construction Equipment market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

 
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