Heavy Construction Equipment Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026

The report on the global heavy construction equipment market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global heavy construction equipment market to grow with a CAGR of 6.5% over the forecast period from 2020-2026. The study on heavy construction equipment market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.

The report on heavy construction equipment market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global heavy construction equipment market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global heavy construction equipment market over the period of 2018 to 2026. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Increasing population and rapid growth in infrastructure and construction projects in emerging countries
• Favorable government initiatives for infrastructure development and rising investment in public work and road construction

2) Restraints

• High cost associated to repair and maintenance of heavy construction equipment

3) Opportunities

• Increasing demand for renting construction equipment due to which key players are also focusing on mergers and partnerships

Research Methodology

A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global heavy construction equipment market is segmented on the basis of type, application, and end user.

The Global Heavy Construction Equipment Market by Type

• Earthmoving
• Material Handling
• Heavy Construction Vehicles
• Others

The Global Heavy Construction Equipment Market by Application

• Excavation and Demolition
• Heavy Lifting
• Transportation
• Material Handling
• Tunneling And Recycling
• Waste Management

The Global Heavy Construction Equipment Market by End User

• Construction and Infrastructure
• Manufacturing
• Public Work and Railroad
• Oil and Gas
• Mining
• Others

Company Profiles
The companies covered in the report include

• Hitachi Construction Machinery Co. Ltd.
• Caterpillar, Inc.
• Komatsu Ltd.
• Deere & Company
• Terex Corporation
• Shandong Heavy Industry Group Co. Ltd.
• AB Volvo
• Liebherr Group
• Xuzhou Construction Machinery Group Co. Ltd.
• Others

What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the heavy construction equipment market.
2. Complete coverage of all the segments in the heavy construction equipment market to analyze the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global heavy construction equipment market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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