Global Construction Equipment Market Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Construction equipment, also known as heavy equipment, are specially designed machinery for performing construction operations. These equipment are used for different functions such as drilling, hauling, excavating, paving and grading. The global construction equipment market covers different industries including manufacturing, oil and gas, forestry, military and public works. The global construction equipment market is expected to exhibit steady growth in the forecast period 2015-2020. Growing industrial activities and swift residential & commercial development along with increased investment of government in the infrastructure sector, will lead to an overall rise of the global construction equipment market. Get full access of the report: https://www.alliedmarketresearch.com/construction-equipment-market
Construction equipment, also known as heavy equipment, are specially designed machinery for performing construction operations. These equipment are used for different functions such as drilling, hauling, excavating, paving and grading. The global construction equipment market covers different industries including manufacturing, oil and gas, forestry, military and public works. The global construction equipment market is expected to exhibit steady growth in the forecast period 2015-2020. Growing industrial activities and swift residential & commercial development along with increased investment of government in the infrastructure sector, will lead to an overall rise of the global construction equipment market.
Get full access of the report: https://www.alliedmarketresearch.com/construction-equipment-market
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Introduction to <strong>Global</strong> <strong>Construction</strong> <strong>Equipment</strong><br />
<strong>Market</strong><br />
<strong>Construction</strong> equipment, also known as heavy equipment, are specially designed machinery for<br />
performing construction operations. These equipment are used for different functions such as<br />
drilling, hauling, excavating, paving <strong>and</strong> grading. The global construction equipment market covers<br />
different industries including manufacturing, oil <strong>and</strong> gas, forestry, military <strong>and</strong> public works. The<br />
global construction equipment market is expected to exhibit steady growth in the forecast period<br />
2015-<strong>2020</strong>. Growing industrial activities <strong>and</strong> swift residential & commercial development along with<br />
increased investment of government in the infrastructure sector, will lead to an overall rise of the<br />
global construction equipment market.<br />
Increasing application of construction equipment in operations such as earthmoving, excavation,<br />
<strong>and</strong> lifting & material h<strong>and</strong>ling, is expected to fuel the market for construction equipment.<br />
Currently, earthmoving application holds a relatively higher market share as compared to the other<br />
applications.<br />
Geographically, the market is segmented into North America, Europe, Asia-Pacific <strong>and</strong> LAMEA. Asia-<br />
Pacific is presently the largest market for construction equipment <strong>and</strong> would grow at the highest<br />
rate during the forecast period. The growth would primarily be driven by the ongoing developments<br />
in the real estate <strong>and</strong> infrastructure sector, which would foster the dem<strong>and</strong> for construction<br />
equipment in this region.
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