GrandViewResearch.com has announced the addition of "Global Construction Equipment Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
May 14, 2014 (Newswire) - Global Construction Equipment Market is expected to reach USD 208.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of infrastructure projects on a global scale is expected to be the key driving force for the market over the next six years. Increasing mining activities which require the use of construction equipment are also expected to positively impact the industry over the forecast period.
Technological development has led to the use of advanced machinery that offers considerable benefits over traditional mechanical equipment. Availability of options such as leasing of construction equipment to drive cost effectiveness is also expected to fuel market growth over the forecast period. Safety and security issues such as mishandling of equipment need to be handled in order to prevent heavy losses. Since heavy construction equipment emits harmful gases such as nitrous oxide and carbon dioxide, meeting stringent fuel emission standards set by regulatory authorities is a challenge for industry participants.
The report "Construction Equipment Market Analysis By Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Equipment) And Segment Forecasts To 2020," is available now to Grand View Research customers and can also be purchased directly at grandviewresearch.com/industry-analysis/construction-equipment-market-analysis
Inquiry Before Buying @ grandviewresearch.com/inquiry/349
Further key findings from the study suggest:
1. Earth moving machinery accounted for over 40% of the overall market in 2013, and is expected to remain the largest product segment over the forecast period. Material handling machinery includes crawler cranes, as well as truck mounted and trailer mounted cranes, and is expected to grow at the fastest rate of 5.7% from 2014 to 2020. Concrete mixers and pavers are expected to be the largest and fastest growing sub-segment of concrete and road construction equipment.
2. Asia Pacific accounted for over 50% of the global market share in 2013, which can primarily be attributed to considerable revenue generation from China. Demand for equipment such as construction vehicles for infrastructure and mining activities are expected to give impetus to the regional market. RoW is expected to witness the fastest growth of 6.1% from 2014 to 2020, mainly due to construction activities in Brazil.
3. Construction equipment market players include Caterpillar, John Deere, Hitachi Construction Machinery, Atlas Copco, Komatsu Ltd. And Doosan among others. Key strategies for market expansion include investment in R&D activities for product portfolio enhancement. Companies operating in the market also form strategic collaborations and long term agreements as part of their growth strategy.
Request Free Sample of This Report @ grandviewresearch.com/industry-analysis/construction-equipment-market-analysis/request
For the purpose of this study, Grand View Research has segmented the construction equipment market on the basis of product and region:
1. Construction Equipment Product Outlook (Revenue, USD Billion, 2012 - 2020)
- Earth Moving Machinery
2. Material Handling Machinery
- Crawler Cranes
- Trailer Mounted Cranes
- Truck Mounted Cranes
3. Concrete & Road Construction Equipment
- Concrete Mixers & Pavers
- Construction Pumps
5. Construction Equipment Regional Outlook (Revenue, USD Billion, 2012 -2020)
- North America
Latest Market Research Published By Grand View Research:
Excipients Market Analysis By Polymers (MCC, HPMC, CMC, Ethyl Cellulose, Povidone), Alcohols (Glycerin, Sorbitol, Mannitol, Propylene Glycol), Minerals (Clay, Silicon Dioxide, Titanium Dioxide), Sugars And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/excipients-market-analysis ) The global market for excipients is expected to reach USD 5,226.1 million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for pharmaceuticals as a consequence of growing global geriatric population base and the introduction of innovative products such as Mallinckrodt Baker's PanExcea MHC300G are expected to drive excipient demand over the next six years.
Drilling Fluids Market Analysis By Product (OBF, SBF, WBF) By Application (Offshore, Onshore) And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/drilling-fluids-market-analysis ) The global market for drilling fluids is expected to reach USD 14.92 billion by 2020, according to a new study by Grand View Research, Inc. Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Sherry James, Corporate Sales Specialist
Grand View Research, Inc
San Francisco, California, USA
Toll Free: 1-888-202-9519