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Construction Equipment Aftermarket 2021-2027; Growth Forecast & Industry Share R

It is unsurprising to note that the population worldwide is growing at an unprecedented pace today, resulting in a sturdy rise in the need for construction of new buildings, road infrastructure, bridges, and more

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Construction Equipment Aftermarket 2021-2027; Growth Forecast & Industry Share R

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  1. Construction Equipment Aftermarket: Regional Statistics & Growth Forecast 2021-2027

  2. Industry Insights: • The global construction equipment aftermarket would account for an overall remuneration of USD 30 billion by the end of 2027. Rising investment in construction activities worldwide is a testament to this market expansion. • It is unsurprising to note that the population worldwide is growing at an unprecedented pace today, resulting in a sturdy rise in the need for construction of new buildings, road infrastructure, bridges, and more. According to the latest report by ICE’s Global Construction 2030 forecast, the construction industry worldwide is projected to grow by 85% to USD 15.5 trillion by 2030 end. • This offers a lucrative opportunity for the growth in the demand for construction equipment, presenting a developmental path to the construction equipment aftermarket over 2021-2027.

  3. Spare parts have an impeccable role to play in enhancing the productivity, efficiency, and performance of the construction equipment, which is why the construction equipment aftermarket is projected to grow at an appreciable pace in the coming years. • Get sample copy of this research report @ • https://www.gminsights.com/request-sample/detail/5131 • The novel outbreak of coronavirus pandemic has had a severe impact on the global construction industry during the first half of 2020. This has indeed affected the sales curve of construction equipment aftermarket owing to the shutdown in construction sites and disruptions in the logistics and supply chains.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-cooling-system-market Chapter 5 Construction Equipment Aftermarket, By Product 5.1 Key trends, by product 5.2 Earthmoving & roadbuilding equipment 5.2.1 Market estimates and forecast, 2017 – 2027 5.2.2 Hydraulic Systems 5.2.2.1 Market estimates and forecast, 2017 – 2027 5.2.3 Engine Parts

  5. 5.2.3.1 Market estimates and forecast, 2017 – 2027 5.2.4 Axle & Transmission Parts 5.2.4.1 Market estimates and forecast, 2017 – 2027 5.2.5 Others 5.2.5.1 Market estimates and forecast, 2017 – 2027

  6. Region: • For the uninitiated, 60% of the world’s population (nearly 4.3 billion people) is currently residing in the APAC region. Besides, the urban population in the region is anticipated to surpass 3.3 billion counts by 2050 end, significantly enunciating the need for construction and construction equipment. Frequent use of construction equipment would result in component failure, leading to a spurt in the demand for spare parts. • Considering this rising demand, various construction companies operating in the region are taking up strategic initiatives like partnerships and collaborations, acquisitions, product developments, and more to consolidate their position in the overall market. A recent example for the aforesaid can be offered by Sany India and Putzmeister.

  7. Key Players • Volvo Construction Equipment • The Manitowoc CompanyInc. • Terex Corporation • Tadano Limited • Palfinger AG • Liebherr Group • John Deere • Caterpillar Inc.

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