Heavy Construction Equipment Market 2018
Heavy Construction Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2027. Heavy Construction Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2027
Global Heavy Construction Equipment Market, By Types (Earthmoving Equipment, Material Handling Equipment), by applications (Mining & Excavation, Earthmoving, Transportation), end users (Oil & Gas Industry, Construction Industry, Military, Mining) - Forecast to 2027
Key PlayersThe key players in the market of heavy construction equipment are caterpillar, Doosan Infracore Ltd, Cnh Global Nv, Hyundai Heavy Industries Ltd, Hitachi Construction Machinery Co. Ltd, John Deere & Co., Jcb, Kobelco Construction Machinery Co. Ltd, John Deere & Co, Komatsu Ltd.
Market ScenarioHeavy construction equipment’s are those products of engineering which helps to reduce the manpower and increase the efficiency of the project and it also helps to reduce the time limit. These products have huge demand on global scale. Increase in the demand for own house and increase in disposable income is giving fuel to this market. On the global scale, the market for heavy construction equipment has been valued at US million which is expected to reach US million by the end of forecasted period with the CAGR.
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Industry News
In May, 2017 – Recently, Caterpillar acquired a start-up Yard Club that facilitates contractor-to-contractor equipment rental. Although the terms of the deals has not yet been disclosed by both the companies. Upon this acquisition, Yard Club will begin to work with Caterpillar dealers and helping them to sell as well as rent the heavy construction equipment to the contractor and construction crews. This acquisition will enhance the company to expand its distribution network which will create a positive impact on the global heavy construction equipment market.
In December, 2016 – JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.
In December, 2017 - John Deer completed its acquisition of Wirtgen Group, which is a leading manufacturer of road construction equipment. With this acquisition, the Wirtgen Group will improve and enhance John Deer construction equipment business which will result in the company’s global growth. This acquisition is expected to boost up the heavy construction equipment market.
Heavy Construction Equipment Global Market - Competitive Analysis
The global market for heavy construction equipment looks highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
In May, 2017 – Recently, Caterpillar acquired a start-up Yard Club that facilitates contractor-to-contractor equipment rental. Although the terms of the deals has not yet been disclosed by both the companies. Upon this acquisition, Yard Club will begin to work with Caterpillar dealers and helping them to sell as well as rent the heavy construction equipment to the contractor and construction crews. This acquisition will enhance the company to expand its distribution network which will create a positive impact on the global heavy construction equipment market.
In December, 2016 – JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.
In December, 2017 - John Deer completed its acquisition of Wirtgen Group, which is a leading manufacturer of road construction equipment. With this acquisition, the Wirtgen Group will improve and enhance John Deer construction equipment business which will result in the company’s global growth. This acquisition is expected to boost up the heavy construction equipment market.
Heavy Construction Equipment Global Market - Competitive Analysis
The global market for heavy construction equipment looks highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, product launch, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Market Segmentation
For the better understanding of the report has been segmented on the basis of Types (Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others (Cranes, Excavator, Dozer)), Applications (Mining & Excavation, Earthmoving, Transportation, Lifting, Material Handling, Others), & end users (Oil & Gas Industry, Construction Industry, Military, Mining, Agriculture & Forestry and Others)
The report for Global Heavy Construction Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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