Growing number of infrastructure projects on a
global scale is expected to be the key driving force for the market over the
next six years. Increasing mining activities which require the use of
construction equipment are also expected to positively impact the industry over
the forecast period.
Technological development has led to the use of
advanced machinery that offers considerable benefits over traditional
mechanical equipment. Availability of options such as leasing of construction
equipment to drive cost effectiveness is also expected to fuel market growth
over the forecast period. Safety and security issues such as mishandling of
equipment need to be handled in order to prevent heavy losses. Since heavy
construction equipment emits harmful gases such as nitrous oxide and carbon
dioxide, meeting stringent fuel emission standards set by regulatory
authorities is a challenge for industry participants.
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Further
key findings from the study suggest:
Earth moving machinery accounted for over 40% of the
overall market in 2013, and is expected to remain the largest product segment
over the forecast period. Material handling machinery includes crawler cranes,
as well as truck mounted and trailer mounted cranes, and is expected to grow at
the fastest rate of 5.7% from 2014 to 2020. Concrete mixers and pavers are
expected to be the largest and fastest growing sub-segment of concrete and road
construction equipment.
Asia Pacific accounted for over 50% of the global
market share in 2013, which can primarily be attributed to considerable revenue
generation from China. Demand for equipment such as construction vehicles for
infrastructure and mining activities are expected to give impetus to the
regional market. RoW is expected to witness the fastest growth of 6.1% from 2014
to 2020, mainly due to construction activities in Brazil.
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Construction equipment market players include
Caterpillar, John Deere, Hitachi Construction Machinery, Atlas Copco, Komatsu
Ltd. And Doosan among others. Key strategies for market expansion include
investment in R&D activities for product portfolio enhancement. Companies
operating in the market also form strategic collaborations and long term
agreements as part of their growth strategy.
Table
of Contents
Chapter
1 Executive Summary
1.1 Construction Equipment - Industry Summary & Critical Success
Factors (CSFs)
Chapter
2 Construction Equipment Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Construction Equipment Value Chain Analysis
2.3.1 Key Driver Analysis
2.3.1.1 Growing
infrastructure development
2.3.1.2 Increasing
number of mining activities
2.3.1.3 Technological
development
2.3.2 Key Restraint Analysis
2.3.2.1 Safety and
security considerations
2.3.2.2 High level of
investment
2.3.2.3 Emission
regulations
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2.4 Construction Equipment Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Construction Equipment - Company Market Share Analysis, 2013
2.8 Construction Equipment - PESTEL Analysis
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