Construction Equipment Market Research Reports, Analysis & Trends
Construction equipment industry comprises companies that operate by manufacturing, distributing and selling of all the major and minor heavy construction equipments and tools that are used for various purposes such as off-highway transportation, mining & forestry machinery, and unmanned construction equipments or automatic or self driven construction equipments. Companies in this industry may rent or lease products including aircraft, rail-cars, steamships, tugboats, bulldozers, earth-moving equipment, cranes or well-drilling machinery and equipment. The heavy construction equipments is a critical tool for construction activities and they are such integral part of the overall construction process that they are a form of the backbone to any construction project. Heavy construction equipment is a critical tool for construction activities. They are known and are some form of the and mainly form the backbone of any construction project by reducing human effort and time. Heavy construction equipment has contributed to the rapid development of infrastructure for the development of economies globally.
Heavy construction equipment comes in different forms that include earth moving equipment such as excavators, loaders, backhoe, and graders/motor graders. Material handling equipment such as cranes, and telescopic handlers, and construction vehicles dumpers, tippers, and other heavy construction equipment compactors & road rollers. The heavy construction equipment market grows and has been growing at a steady pace globally due to increasing population, technological developments, and infrastructural developments in emerging markets. Growing profits in non-building construction and mining will boost demand for excavators. As economic growth picks up again after the slow 2008 to 2010 period, demand for heavy equipment will rebound. Greater investment in urban development - including construction across industrial, commercial and residential sectors - will buoy demand for drag-lines and cranes. Demand for loaders is also expected to grow as mining output rises.
Trends in Construction Equipment Market
According ti Freedonia, global construction machinery demand is expected to grow at a yearly rate of 6.5% through 2015 to reach a value in excess of $170 billion. European and North American industries equipment sales are forecast to rise after an unprofitable period between 2008 and 2010. Growth in other regions such as Asia-Pacific and Africa-Mideast is expected to slow through 2015 in tandem with construction and mining activity. Global construction machinery demand is expected to grow at a yearly rate of 6.5% through 2015 to reach a value in excess of $170 billion. According to Global Industry Analysts, the global grinding machines market is forecast to reach almost $3.2 billion by the end of 2015, driven by demand in developing markets. Increased activity in power, manufacturing and shipbuilding sectors along with economic growth in India and China are expected to fuel growth. Market growth in terms of sales of excavators, loaders and cranes is forecast to accelerate through 2015.
Major Construction Equipment Manufacturers
Major players in the construction equipment industry include Mitsubishi, Hanta, Terex, Shandong Shantui, Xuzhou, Sumitomo, TCM, Volvo, CNH, Doosan Infracore, Caterpillar, Dingsheng Tiangong, JCB, Hitachi, and Kubota.