Heavy Construction Equipment Market is Anticipated to Register 5.4% CAGR through 2025

Increased investment in infrastructure has been a major factor driving market growth. 

(firmenpresse) - The global heavy construction equipment market is expected to reach USD 90.4 billion by 2025 at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Increased investment in infrastructure has been a major factor driving market growth. 

Rise in infrastructural development around the world is the key catalyst that will propel market growth over the forecast period. Infrastructural development results in increased construction activities, which eventually creates a demand for heavy duty construction equipment. Developed infrastructure boosts economic growth by assisting cross-border trade and industrial growth.

Private financing is a key way to fund infrastructural development plans. For instance, infrastructure development in India has witnessed increased participation of private players in recent years. Moreover, the Indian government has increased its budget for infrastructural development.

Heavy construction equipment market is likely to witness high demand due to various government initiatives to expand airports globally. As of January 2015, global investments for construction of airports was nearly USD 540.0 billion. For instance, news reports suggest that the total number of passengers traveling via Mumbai (India) airport has tripled in the last decade. To overcome this, the Indian government has approved an investment of USD 2 billion for the construction of the Navi Mumbai airport, which will help distribute domestic and international passengers.  Development plans such as these are sure to give the global market a major boost.

Access Research Report of Heavy Construction Equipment Market@ www.grandviewresearch.com/industry-analysis/heavy-construction-equipment-market

Further key findings from the report suggest:

The global heavy construction equipment market demand was valued at USD 55.9 billion in 2016 and is expected to register a CAGR of 5.4% from 2017 to 2025. Increased investments in  the infrastructure sector, especially in developing countries such as India, Malaysia, and Indonesia, is a key factor


Earth moving machinery emerged as the largest product segment and is estimated to generate a revenue of USD 36.6 billion by 2025. This can be attributed to rise in investments to develop airports across the globe
Real estate is anticipated to be the fastest-growing application segment over the forecast period with a CAGR of 6.3%. This sector is driven by development of smart cities in countries such as India, France, and Singapore
Asia Pacific is anticipated to register the fastest growth, registering a CAGR of 6.6% by 2025. This can be attributed to growth of construction activities in countries such as India, Malaysia, and China
Key market players include Komatsu Ltd.; Volvo; Caterpillar Inc.; and Hitachi Construction Machinery. Market players have forward integrated their operations to gain competitive advantage in the global market
In 2016, SRB Group of India entered into a joint venture with Russia-based Uralmash Machine-Building Corporation to manufacture heavy duty construction equipment for the Indian market

Grand View Research has segmented the global heavy construction equipment market report on the basis of product, application, and region:

Heavy Construction Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)

Earth Moving Machinery
Material Handling Machinery
Concrete & Road Machinery
Others

Heavy Construction Equipment Application Outlook (Revenue, USD Million, 2014 - 2025)

Infrastructure
Real estate
Other

Heavy Duty Construction Equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)

North America
US.
Canada
Europe
Germany
UK.
Asia Pacific
Japan
China
India
Central & South America
Brazil
Middle East & Africa
UAE

Access Press Release of Heavy Construction Equipment Market@ www.grandviewresearch.com/press-release/global-heavy-construction-equipment-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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