Construction Equipment Market Size, Industry Share and Growth Rate 2019-2026

Construction Equipment Market Size, Share and Global Trend

By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026

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Published Date: June 2019

Region: Global

Report Format: PDF

Base Year: 2018

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Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026 Report Highlights: The Global Construction Equipment Market is likely to grow considerably in the coming years, due to increasing government investment in infrastructure development. According to a report published by Fortune Business Insights, titled “Construction Equipment Market: Global Market Analysis, Insights and Forecast, 2019-2026,� the market was valued at US$ 128.46 Bn in 2018. Fortune Business Insights states that the market will be valued at US$ 186.42 Bn by the end of 2026, thereby exhibiting a CAGR of 4.8%.

The increasing geriatric population and fierce market competition have created a high demand for improved quality of patient care, which have kept healthcare architecture companies on their toes. Incorporation of automated concepts has led to a substantial rise in adoption of modern design concepts in healthcare architecture.

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Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026 Volvo Construction Kicks-off an Exciting Line-up of Upcoming Products The global construction equipment (CE) market has benefited from several product launches in recent years. The contribution from renowned companies will aid the growth of the global market. In 2018, Volvo Construction Equipment (Volvo CE) made its debut in the CE market in China. Volvo CE highlighted its newest products and aimed to highlight some of the standout concepts that were in practice for the first time. Volvo announced that it plans to bring 11 new products in the market. The company boasts an impressive portfolio and the addition of new products, along with its expansion in China will add to the commercial success.

Demand for Improved Road Infrastructure to Fuel Demand Construction equipment manufacturers have been encouraged by the high demand for CE. Fortune Business Insights states that the increase in demand will result mainly from the outcry over improved road infrastructure from end users, around the world. Given the fact that road conditions in developing or undeveloped nation cannot necessarily meet the standards, demand for construction equipment can be inclined towards these nations. Besides road infrastructures, the global construction equipment market also derives growth from the demand in mining and irrigation projects.

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Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026 Innovations in CE will Bolster Product Sales Construction equipment vary from compact sizes to large machinery and equipment. Due to this, the scope for potential in innovations is more. The incorporation of embedded technologies in machinery and equipment will lead to a subsequent rise in demand. The report signifies the impact of innovations in construction equipment on the global market. In April 2019, Carraro introduced e-mobility service in compact construction equipment. The products would be integrated with electric energy to ensure optimized efficiency.

Carraro plans to extend its application knowledge of electric Powertrain or simple E-powertrain to the construction and equipment segment. The integration of e-mobility will add flexibility to its construction equipment services. The electric mobility was aimed at increasing performance reducing time constraint for compact equipment. Carraro’s latest product offering will not only help expand its own business but will also aid the growth of the global construction equipment market and will continue to boost the market during the forecast period.

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Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026 Top Players Caterpillar Inc. Liebherr Group Terex Corporation Komatsu America Corp.

JCB India Ltd. Hyundai Heavy Industries Co., Ltd CNH Industrial Capital Hitachi Construction Machinery Middle East Corporation FZE AB Volvo Doosan Infracore Co., Ltd Speak to Analyst: https:// www.fortunebusinessinsights.com/enquiry/speak-to-analyst/construction-equipment-market-10052 1 Fortune Business Insights Pvt Ltd.

Construction Equipment Market Size, Share and Global Trend By Equipment Type (Earthmoving Equipment, Material Handling Equipment & Cranes, Concrete Equipment, and others), By Application (Residential, Commercial, Industrial), and Geography Forecast till 2026 About Us: Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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