PUNE, INDIA, February 9, 2017 /EINPresswire.com/ -- The construction equipment and machinery market is expected to grow at a CAGR of XX% during the forecast period. The market accounted for more than $142 billion in the year 2015. Increased focus on infrastructure and increasing automation in the construction and manufacturing processes have had a great impact in the development of the market. Concrete and road construction equipment includes batching plants, pumps, and concrete mixers. An escalating demand for machines, which are cost effective, along with regulatory pressures for lower emissions, are pressurizing construction-equipment manufacturers to opt for electric and hybrid vehicles, over traditional hydraulic and mechanical ones. Volvo has developed the L220F Hybrid wheel loader, which is claimed to offer more power, better performance, and the potential to reduce fuel consumption by up to 10-12%, compared with current versions of wheel loaders. It would not only reduces fuel costs but also delivers significant environmental benefits — such as lesser CO2 emissions.
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The road construction equipment market has witnessed significant growth in the recent past, mainly owing to the increased road development programs undertaken by the central and state governments, especially in the Asia-Pacific countries. Construction machineries are primarily used for industrial, residential structures, bridges, and power plants. Other applications include power projects and irrigation systems. Growing demand from mining industry, growing number of upcoming highway construction projects, and advanced vehicles equipped with emission control systems are some of the factors anticipated to drive the construction equipment market over the forecast period.
Crawler excavators, are one of the most demanded heavy construction equipment (heavy duty excavators) weighing 60,000 to 80,000 pounds and are used across a wide range of applications, including in industries, especially in heavy infrastructure projects, to underground utilities, road construction, pipeline, commercial site preparation and demolition purposes. Increasing capacity augmentation in the cement industry is expected to propel the excavator market growth. Heavy-duty excavators are used to break out the refractories of rotary kilns used in the cement industry.
The construction equipment market in Asia-Pacific accounted for over 52% of the overall global revenue in 2015. China constituted the largest share of the Asia Pacific market with more than 75% of share in 2014, followed by Japan, Australia, and South Korea. China constitutes the largest share in the construction equipment market with more than 42% share in the global construction equipment. The infrastructure ventures across these countries have had a great impact in the development of this market. Loaders are primarily used for uploading materials into trucks, digging, clearing rubble, and laying pipes. These products are usually used as corresponding products for material re-handling.
The report classifies and defines the construction equipment market size, in terms of revenue. It provides a comprehensive analysis and insights into agricultural tractors segments. The market is segmented on the basis of Vehicle Type – Soil Rollers, Bucket Wheel Excavators, Crawler Excavators, Loaders, Crane Excavator and Cement Mixers, Demolishing Machines, Track type Tractors, Others; By Drive Type– Manual or Hydraulic Vehicles, Electric and Hybrid Vehicles, and others; Transmission Type –CVT, Manual Transmission, and others; Application Industry- Concrete and Road Construction, Earth Moving Machinery, Material Handling Machinery, others and by Geography – North America, Europe, Asia Pacific, Latin America and Africa & Middle-East. The report showcases potential growth opportunities in the forecast period, while also reviewing the market drivers, restraints, opportunities, Construction Equipment market trends, Earthmoving and Material Handling market dynamics, competitive landscape, and other key aspects with respect to construction equipment Market. The report also covers qualitative aspects such as value chain analysis, technological roadmap, and Porter’s five force analysis for the market. The key players in this market have also been identified and profiled. Volvo, Deere & Company, Caterpillar are some of the dealers involved in the construction equipment market.
WHAT THE REPORT OFFERS
Market Definition and Scope along with identification of key drivers and restraints for each segments in the market.
Market analysis with specific studies and theoretical analysis on the car rental market for each state
Identification of factors that has been instrumental in changing the market dynamics, prospective opportunities for each segments and identification of key factors, influencing the market.
Extensively researched competitive landscape segment with the market dynamics for each major player across the region.
Identification and analysis of the macro and micro factors that affect the growth of the industry for each region.
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Key points in table of content
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND TECHNOLOGY TRENDS
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the industry
5. MARKET DYNAMICS
5.4 Market Strategies
5.5 Technological Developments
6. GLOBAL CONSTRUCTION MACHINERY & EQUIPMENT MARKET, BY VEHICLE TYPE (Growth, Innovations and Feasibility )
6.1 Soil Rollers
6.2 Bucket Wheel Excavator
6.3 Crawler Excavators (including trailer excavators)
6.5 Cement Mixers
6.6 Demolishing Machines
6.7 Track Type Tractors
7. GLOBAL CONSTRUCTION MACHINERY & EQUIPMENT MARKET, BY APPLICATION INDUSTRY (Growth, Trends, Forecasts)
7.1 Concrete and Road Construction
7.2 Earth Moving Machinery
7.3 Material Handling Machinery
8. GLOBAL CONSTRUCTION MACHINERY & EQUIPMENT MARKET, BY TRANSMISSION TYPE (Growth, Trends and Durability)
8.2 Manual Transmission
9. GLOBAL CONSTRUCTION MACHINERY & EQUIPMENT MARKET, BY DRIVE TYPE (Growth, Trends, Forecasts)
9.1 Electric and Hybrid Vehicles
9.2 Manual or Hydraulic Vehicles
10. GLOBAL CONSTRUCTION MACHINERY & EQUIPMENT MARKET, BY GEOGRAPHY (Trend, Opportunity, Forecasts)