Construction Equipment Market Analysis, Market Size, Growth, Trends, Strategy & Forecast, 2012-2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Construction Equipment Market Analysis, Market Size,

Share, Growth, Trends, Competitive Strategies And

Forecast, 2012 To 2020

Industry Insights

Construction equipment market has been witnessing strong growth over the last few years on account

of increasing demand from construction sector across the globe. Construction equipment demand has

been increasing owing to increasing government spending on infrastructure development including

residential and non- residential projects in emerging countries such as India, china and Brazil.

Continuous growth in infrastructure is anticipated to enhance the application scope of construction

equipment. Increasing mining activities is the key factor expected to drive the market over the

foreseeable period. Due to the scarcity of crude oil and natural gas, major mining industries started

operating at deep sea levels. Increasing mining activities in deep sea level and ultra-deep sea level

require advanced equipment for the safe operation of mining activities.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

This requirement of advanced equipment for mining activities has been supporting the construction

equipment market growth over the last few years and the trend is expected to continue over the

forecast period. Handling construction equipment requires skilled labor and complete observance with

safety regulations. High operating and maintenance cost of this equipment is the key challenge for

market players to handle their working capital. Moreover, reducing green house gases emission and

meeting regulatory mandates from EPA is one of the challenging factors for the market participants.

Technological development facilitated the real time monitoring in order to detect and monitor

equipment failure.

Product Insights

Earth Moving equipment was the...