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Global Construction Equipment Market to 2022 Strategies and Forecast Till:Credence Research

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According to a new market report published by Credence Research Inc “Construction Equipment Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022
Construction Equipment Market to Reach US$ 230.5 Bn By 2022
According to a new market report published by Credence Research Inc “Construction
Equipment Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 2022,” the construction equipment market is expected to reach US$ 230.5 Bn by 2022, the
market for construction equipment is expected grow with rising investments in construction
sectors supported by improving economic conditions across the world. In addition, flexible
credit policies to purchase construction equipment are also expected to fuel the demand for
construction equipment. Growing construction rental sector represents a positive outlook for
the construction equipment industry.
Browse Full Report At http://www.credenceresearch.com/report/construction-equipmentmarket
Earth moving equipment accounted for the largest revenue share compared to other type of
construction equipment in 2014. The earth moving equipment segment includes loaders,
excavators, bulldozers and other equipment used for trench digging, foundation building,
loading and other earth moving applications.
The demand for earth moving equipment is expected to grow with increasing urbanization
across the world. Loader is the most selling earth moving equipment type in terms of volume.
Material handling equipment segment is expected to see the fastest growth through the
forecast period. Rising investment in energy sector and construction of bridges to improve
transportation network is expected to fuel the demand for material handling equipment.
For More Reports To similar category @
http://www.credenceresearch.com/industry/building-and-construction-market
Asia Pacific is the largest regional market for construction equipment and accounted for more
than half revenue share in the global construction equipment market. Rising investment in
construction sector in India and China to support their economic developments is the primary
factor expected to influence the demand for construction equipment. In North America and
Europe demand for construction equipment is expected to increase steadily with replacement
of old equipment with advanced equipment. China is the largest individual market for
construction followed by the U.S.
The significant demand for construction equipment is also expected from emerging economies
such as Brazil, South Africa and Russia.
The global construction equipment market is dominated by Caterpillar. Some other recognized
players in this industry include Komatsu (Japan), Hitachi (Japan), Volvo (Sweden), Liebherr
(Switzerland), Zoomlion (China), Sany (China), Doosan (South Korea), Terex (U.S.), and John
Deere (U.S.). Global manufacturers are facing challenge from low cost Chinese manufacturers
particularly in emerging and price sensitive markets.
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits. We offer our
customers some assistance with making enduring enhancements to their execution and
understand their most imperative objectives. Over almost a century, we’ve manufactured a firm
extraordinarily prepared to this task.
Media Contact
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Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: [email protected]
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
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