Construction Equipment Market - Global Trends and Forecast to 2021 - New Market Research Report

Construction Equipment Market by Construction Equipment Type, Construction Application, Mining Equipment, by Mining Application, and Region (Asia-Pacific, North America, Europe, and ROW) - Global Trends and Forecast to 2021

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.

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"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)

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