submit press    |    Sign In    |    Registration form

Construction Equipment Market is Expected to Reach $240.97 Billion, Globally, by 2020 - Allied Market Research

According to a new report by Allied Market Research titled, "Global Construction Equipment Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020", the global construction equipment market is expected to reach $240.97 billion by 2020, registering a CAGR of 8.9% during 2015-2020.

The construction equipment market includes heavy machinery such as loaders, cranes, forklifts, excavators, and dozers, used for earthmoving, material handling, excavation and other applications across different industry verticals. Among the different types of construction equipment, loader and cranes would continue to remain the most preferred type, due to their numerous applications in construction, mining and public works. Loader segment would drive the market significantly by 2020, contributing more than 44% of the total market revenue, due to increased application in earth moving operations. Crane market is growing at a steady rate owing to the growing demand for lifting and material handling from different industries.

To request more information about the report, visit the website at:

From industries' perspective, public works and rail road sector would significantly drive the market due to the increasing number of infrastructural projects worldwide. Other prominent end-user industries include oil & gas, mining and manufacturing.

The construction equipment find maximum usage in earth moving and lifting & material handling applications. The two applications collectively accounted for around 50% of the total market in 2014. Between the two, earth moving application would grow at a faster rate during the forecast period, due to the upsurge in construction for commercial and residential infrastructure setup. Market is further segmented into solution type, comprising of product and services. The market shares of products and services would hover in the ratio of 80:20 throughout the analysis period.

Asia-Pacific region would dominate the global construction equipment market throughout the analysis period due to the increased industrial and residential construction activities in this region, whereas North American market is expected to witness moderate growth.

Key findings of the study:

  • Lifting & material handling application would grow at a relatively faster CAGR of 12.4% during 2015-2020, in comparison to all the other applications
  • Public work activities would continue to drive the global construction equipment market over the analysis period
  • Excavation & mining application involving the use of construction equipment would grow notably at a CAGR of 9.5% during 2015-2020
  • The market in Asia Pacific region is expected to grow at a CAGR of 10.2% during 2015-2020

The market growth is attributed to innovation in construction equipment products along with the rising demand from public works, mining, manufacturing and oil and gas industries. Many prominent players operating in the construction equipment market have adopted product launch and acquisition as their key growth strategies. In 2011, Caterpillar acquired Bucyrus to expand the mining segment of the company and improve their mining equipment product line. Prominent companies profiled in the report include Caterpillar, Volvo, Hitachi, JCB and Komatsu.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Int'l: +1 (503) 505-6949
Toll Free: + 1-800-792-5285 (U.S. & Canada)

Related Press Release

Global and Chinese Breathable Air Purifier Industry, 2010-2020 Market Research Report is a professional and in-depth study on the current state.
Prof Research Reports / 25-May-2015
Research Beam adds a report titled “Global Coal Stick Machine Industry 2015 Deep Market Research Report”.
Coal Stick Machine Market definition, Coal Stick Machine Market classification, Coal Stick Machine Market application, Coal Stick Machine Market chain structure, Coal Stick Machine Market policy analy / 10-August-2015
As per Oman Sultanates Vision 2020, government is heavily investing on non–oil sectors to diversify its economy.
/ 3-September-2015
Research Beam has recently added a report titled “Hydraulic Power Motor and Engine Markets in the Top 5 European Countries to 2019 - Market Size, Development, and Forecasts.
Research Beam / 23-June-2015
Research Beam adds a report titled “Global Explosive Trace Detection (ETD) Technologies Market 2014-2018.
Research Beam / 25-May-2015
Research Beam has recently added a report titled “Liquid Pump and Elevator Markets in the Top 5 Asian Countries to 2019 - Market Size, Development, and Forecasts.
Research Beam / 23-June-2015

Ready to use our online press release service? Click to submit free press release now
Have Question ?
Enter Name
Enter Email Id
Enter Company Name
Related News
/ 0--0
Chinese Mobile Crushing Plant Industry, 2010 - Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation 2020 - Investment Trends, Regulations
Prof Research Reports / 27-May-2015