Construction Equipment Market Growth Factors, Opportunities, Ongoing Trends and

1. Construction Equipment Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026 The Construction Equipment Market is projected to reach USD 250.4 Billion by 2026 from USD 208.3 Billion in 2021, at a CAGR of 3.8% during the forecast period. Asia-Pacific is estimated to lead the market during the forecast. The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects, because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow. Wheeled Loader (>80 HP) to hold the largest share in the construction equipment market, by equipment type Wheeled loaders with more than 80 HP are considered standard machines. This equipment are used primarily for loading/unloading and bulk material movement in construction, quarry, and crushers. They are widely used in large scales infrastructure projects such as roads and highways, railways, dams, ports, and airports. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179948937 Diesel segment: A dominating market due to the significant global demand Diesel engines are mostly preferred in construction equipment due to the requirement of heavy torque and reliability. However, the demand for CNG/LNG/RNG is rapidly growing, owing to the stringent emission standards across the globe. The diesel segment is estimated to lead the construction equipment market in 2021, by volume. Asia is the fastest-growing market for construction equipment because of the increasing infrastructure spending. Asia-Pacific: Largest market for the construction equipment market Asia Pacific is expected to have the largest market share in terms of value and volume. The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects, because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=179948937

2. Some of the major projects driving the construction equipment market of this region are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These mega projects have led to an increase in investments and construction activities, thereby driving the regions construction equipment market. Key Market Players: Some of the major industry players from Asia are Komatsu (Japan), Hitachi Construction Machinery (Japan), and Zoomlion (China). These companies are involved in service providing as well as equipment manufacturing. Major players profiled in the report are Caterpillar Inc. (US), Komatsu Ltd. (Japan), Xuzhou Construction Machinery Group (XCMG) (China), Sany Heavy Industries (China), and Zoomlion (China). Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=179948937 ##Article2## Construction Equipment Market Booming Worldwide with Eminent Key Players like Caterpillar Inc, Komatsu Ltd, Xuzhou Construction Machinery Group, etc. Construction Equipment Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026 The Construction Equipment Market is projected to reach USD 250.4 Billion by 2026 from USD 208.3 Billion in 2021, at a CAGR of 3.8% during the forecast period. Asia-Pacific is estimated to lead the market during the forecast. The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects, because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow. Some of the major projects driving the construction equipment market of this region are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These mega projects have led to an increase in investments and construction activities, thereby driving the regicoon's nstruction equipment market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179948937 Some of the major industry players from Asia are Komatsu (Japan), Hitachi Construction Machinery (Japan), and Zoomlion (China). These companies are involved in service providing as well as equipment manufacturing.

3. China accounts for the largest share of the construction equipment market in Asia. According to the Global Construction Perspectives (GCP), China is focusing on shifting to a consumer and services-driven economy and developing new infrastructures. Therefore, such a transition is likely to create opportunities for construction equipment manufacturers in the country. The country is moving toward sustainable growth in the construction equipment market with the help of major investments and product innovation, which makes it more competitive. Domestic construction equipment manufacturers are investing in R&D activities to develop new products and penetrate the mid-to-high end markets. For example, Sany has announced an expanded product portfolio. Heavy investments in the construction sector also create opportunities for construction equipment OEMs. According to the China Electronic Information Industry Development (CCID), the government investment associated with new infrastructure projects is expected to reach USD 1.43 trillion to USD 2.51 trillion by 2025. This will create huge opportunities for OEMs in the country. North America region is expected to dominate the global market after Asia. According to the Global Construction Perspectives (GCP), the US construction market is expected to grow faster than China over the next 15 years, at a rate of an average of 5% per annum. The US is estimated to be the largest market for construction equipment in the North American region. The presence of companies such as Caterpillar Inc. and developments undertaken by them drive the market in the country. Companies are adopting strategies such as collaborations, joint ventures, supply contracts, and mergers & acquisitions to strengthen their position, widen product portfolio, and cater to the end-use industries. With the upcoming stringent emission norms for the fuel economy in the country, companies are also focusing on manufacturing fuel-efficient construction equipment for the domestic market. The construction industry in the US is expected to grow at a decent rate against federal spending cutbacks. However, low-interest rate loans to procure construction equipment will encourage investments by the construction companies. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=179948937 Updated PR: Construction Equipment Market Projected to reach $250.4 billion by 2026 The report "Construction Equipment Market by Type (Excavator-Crawler & Mini, Loader-Backhoe, Skid- steer, Wheel, Dozer, Dump Truck), Electric Equipment, Propulsion, Power Output, Application, Rental, Aftertreatment Device, and Region - Global Forecast to 2026"The growth of this market is fueled by increase in infrastructure investments post-COVID-19 pandemic and developments such as OEM-centric connected features. Also, growing stringency in upcoming emission regulations leading to electric and autonomous construction equipment would also drive the market for construction equipment.

4. Compactors to contribute to the largest sales in the construction equipment market, by equipment type Road construction majorly growing in emerging economies is driving the compactor market for the compaction applications. Asia is estimated to be the largest market for compactors due to an increase in road construction in China and India. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179948937 Electric Construction Equipment The current battery technology is not developed enough to operate the standard and large capacity off- highway vehicles. Hence, the electrification in construction equipment is limited to mini versions of construction vehicles like mini excavators and compact/skid loaders due to the limited battery capacity. Few companies offer cable-connected off-highway vehicles, where charging limitations are reduced. Thus, construction equipment that requires more power to operate uses hybrid-electric technology. Asia-Pacific: Largest market for the construction equipment market Asia Pacific is expected to have the largest market share in terms of value and volume. The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects, because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the Beijing New International Airport (China) and South to North Water Transfer Project (China) are set up in the region. The region is estimated to be the most populated in the world, which creates immense opportunity for the construction equipment market to grow. Some of the major projects driving the construction equipment market of this region are the SongdoInternational Business District in South Korea and China–Pakistan Economic Corridor. These mega projects have led to an increase in investments and construction activities, thereby driving the regions construction equipment market. Key Market Players: Some of the major industry players from Asia are Komatsu (Japan), Hitachi Construction Machinery (Japan), and Zoomlion (China). These companies are involved in service providing as well as equipment manufacturing. Major players profiled in the report are Caterpillar Inc. (US), Komatsu Ltd. (Japan), Xuzhou Construction Machinery Group (XCMG) (China), Sany Heavy Industries (China), and Zoomlion (China). Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=179948937