Heavy Construction Equipment - Industry Outlook, Trends and Market Forecast to 2018

Heavy Construction Equipments

Heavy Construction Equipments are the basis of this modern world's infrastructure today. The day-by-day rising economy of developing countries along with the increasing demand of new infrastructure have led to invention and use of new construction equipments.

Heavy construction equipments are basically all the  heavy duty vehicles which are used for constructing structures like bridges, buildings, roads, industrial plants etc. Heavy duty vehicles are also used in mining and transportation.

Construction equipments can be divided into:

• Earth moving equipments

• Material handling equipments

• Heavy construction vehicles

• Heavy construction equipments
   

The growing urbanization and population have led to well established  the construction equipments market in recent years. Huge amount of currency is invested in the production of  heavy construction equipments and  construction equipments for earning huge profits from ever growing infrastructure has driven the growth of this market globally in many segments mentioned below.

 

Heavy Construction Equipments Market is segmented based on:

• Applications: 

  1. Infrastructure (Government and Commercial)
  2. Residential Buildings
  3. Non-residential Buildings

 

• Geography:

1. Asia-Pacific
2. North America
3. Europe
4. Latin America
5. Rest Of World (ROW)

The following figure shows the heavy construction equipments market revenue by geographical regions.

Heavy Construction Equipment Revenue Market Share,
By Geography, 2012

Source : MarketsandMarkets Analysis

Market Trends and Forecast to 2018:

The current market situation and trend is influenced by many factors like increasing population in Asia-Pacific region and over all geographical urbanization. People are demanding more apt infrastructure; owing to huge investments.

The major players in the heavy construction equipments market are Caterpillar (U.S.), Komatsu (Japan), JCB (U.K.), Hitachi Construction Machinery Co. Ltd (Japan), Volvo Construction Equipment (Sweden) and John Deere & Co. (U.S.) which depend upon key strategies like new product launches and investments helping then to penetrate the market and expand their reach.

The heavy construction equipments market is expected to grow to value $190.5 billion by 2018 at a compound annual growth rate of 8.3% from 2013 to 2018. Asia Pacific is current the market leader in terms of construction machinery and equipments and will withhold its position in upcoming years.

For further details, please follow the link below :

http://www.prweb.com/releases/heavy-construction/equipment-market/prweb10936298.htm