Global Construction Equipment Market size was valued at US$ 120 Bn. in 2020 and the total revenue is expected to grow at 5% CAGR through 2021 to 2027, reaching nearly US$ 169 Bn.
Global Construction Equipment Market Overview
Construction equipment is machinery made specifically for the purpose of carrying out construction projects. Mechanically, construction equipment is strong and long-lasting. Construction equipment reduces the reliance on human labour and saves a significant amount of time and effort.
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List Of TOP KEY PLAYERS in Construction Equipment Market Report are -
• Hitachi Construction Machinery
• Hitachi Construction Machinery
• Atlas Copco
• Deere & Company
• CASE Construction Equipment
• Ammann Group
• Hamm AG
• Martin Trailer Company
• MBW Inc.
• Thetford International
• Altrad Belle
• CNH Industrial America LLC
• AB Volvo
COVID-19 Impact on Market:
In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world. As of March 2020, the most affected countries were the US, China, Italy and Iran. Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries. This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures. China is the world's largest manufacturing country, and has the largest number of raw material suppliers. Due to the closing of factories and other obstacles in the supply chain, COVID-19 is affecting overall market growth.
Segmentation of the Global Construction Equipment Market by Types, Applications, and Region:
Global Construction Equipment Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
The global Construction Equipment market has been analysed and market size information provided by countries (regions). Segment by Application, The Construction Equipment Market is divided into the United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report covers the region-wise market size from 2016-2027. The report also contains market size and forecasts by type and application segment, in terms of revenue and sales, for the period 2016-2027.
This report provides a detailed analysis of the Global Construction Equipment Market for all stakeholders. This report presents the past and present status of the industry, as well as forecasted market size. Trends are also presented. The report uses simple language to simplify complex data. This report includes all aspects of the industry and a study of key players, including market leaders, followers, as well as new entrants. The report includes a PORTER, SVOR and PESTEL analysis as well as the potential market impact of microeconomic factors. The report includes both internal and external factors that could have a positive or negative effect on the business. This will provide a clear futureistic view of this industry for decision-makers.
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