NEW YORK, July 26, 2016 /PRNewswire/ -- The construction
equipment market is projected to grow at a CAGR of 4.11%, to reach
a market size of USD 116.20 billion
by 2021, while the mining equipment market is projected to grow at
a CAGR of 6.42%, to reach USD 136.03
billion by 2021. Major factors driving the growth of the
construction and mining equipment market include growing
population, rapid urbanization, increasing construction activities,
and incorporation of new technologies in equipment.
"Growing infrastructure industry to drive the construction
equipment market"
The growth of the infrastructure industry is expected to drive the
construction equipment market. This growth can be attributed to
major upcoming construction projects around the globe, primarily in
developing nations. Additionally, major upcoming events, such as
the 2016 Olympics in Brazil and
the 2018 World Cup in Russia, will
likely drive market growth.
"Asia-Pacific: Fastest-growing
market for construction and mining equipment"
Asia-Pacific is estimated to
dominate the construction and mining equipment market, and is
projected to grow at the highest CAGR during the forecast period.
This growth can be credited to the improving socio-economic
conditions in emerging economies such as China, India,
Indonesia, and Thailand. The sizeable populations in
countries such as China and
India have resulted in an
increased number of government projects such as airports, sewer
systems, and renewable energy projects.
Breakdown of Primaries
The study contains insights provided by various industry experts,
ranging from equipment suppliers to Tier-1 companies and OEMs. The
break-up of the primaries is as follows:
- By Company Type – OEM 38%, Tier-1 - 13 %, Tier-2 - 5%, and Others
- 44%
- By Designation - C level - 31%, D level - 31%, and Others -
38%
- By Region - North America - 31%,
Europe - 25%, and Asia-Oceania -
44%
The report provides detailed profiles of the following
companies:
- Caterpillar Inc. (U.S.)
- Volvo Construction Equipment AB (Sweden)
- CNH Industrial N.V. (U.K.)
- Komatsu Ltd. (Japan)
- Atlas Copco AB (Sweden)
- Hitachi Ltd. (Japan)
- Terex Corporation (U.S.)
- Joy Global (U.S.)
- Zoomlion Heavy Industry Science & Technology Development Co.
(China)
- Liebherr International AG (Switzerland)
Reasons to Buy the Report:
This report contains various levels of analysis, including industry
analysis (industry trends and Porter's Five Forces), value chain
analysis, and company profiles, which together comprise and discuss
the basic views on the emerging and high-growth segments of the
construction and mining equipment market, competitive landscape,
high-growth regions and countries, government initiatives, and
market dynamics such as drivers, restraints, opportunities, and
challenges.
The report enables new entrants/smaller firms as well as
established firms to understand the market better, which would help
them to acquire a larger market share. Firms purchasing the report
could use any one or a combination of the below-mentioned four
strategies (market development, product development/innovation,
market diversification, and competitive assessment) to strengthen
their position in the market.
The report provides insights with reference to the following
points:
- Market Development: Comprehensive information about lucrative
emerging markets. The report analyzes the markets for construction
and mining equipment across regions
- Product Development/Innovation: Detailed insights into R&D
activities, upcoming technologies, and new product launches in the
global construction and mining equipment market
- Market Diversification: Detailed information about untapped
markets, investments, new products, and recent developments in the
global construction and mining equipment market
- Competitive Assessment: In-depth assessment of strategies,
products, and manufacturing capabilities of leading players in the
global construction and mining equipment market
Read the full report:
http://www.reportlinker.com/p03984707-summary/view-report.html
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