Global Construction Equipment Market to Grow at Slow Pace, Says Daedal Research in Its Report Recently Published at MarketPubishers.com15 Apr 2016 • by Natalie Aster
LONDON – In the next five years, the global construction equipment market is anticipated to grow but at a sluggish pace given several challenges that are predicted to hinder the market growth, including unstable economic situation, variable prices for raw materials, changing demand trends and strict emission control norms. At the same time, the market growth will be supported by a range of factors such as continuous rise in the infrastructural and mining activities, enhancing spending on new construction projects and increasing investments in the infrastructure sector.
North American countries account for the largest share of the overall construction equipment market. Amid the Asian countries, China ranks the top construction equipment market, however, in the years to come this country market is predicted to decline.
Nowadays, the global market for construction equipment is inhabited by large and small players. Caterpillar, Komatsu, Hitachi Construction Machinery Group and Volvo remain the majors in the market with Caterpillar being the unrivalled leader.
New research report “Global Construction Equipment Market: Trends and Opportunities (2016-2020)” gives an access to a comprehensive analysis of the worldwide construction equipment market, providing details on the market size, value, volume, demand, production and capacities. Moreover, the report includes an up-close review of the market top players, focusing on their strategies (adopted to ensure growth), financial performance and recent developments. The competitive landscape in the market is also observed in the study. Furthermore, the research publication highlights the key market growth drivers and delves deep into the current and future possible trends (up to 2020), challenges and restraints of the market. Granular market future outlook is available here, too.
Global Construction Equipment Market: Trends and Opportunities (2016-2020)
Published: April, 2016
Price: US$ 800.00
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