Global Construction Equipment Market 2016-2020 is latest report added on RnRMarketResearch.com. The analysts forecast global construction equipment market to grow at a CAGR of 11.55% during the period 2016-2020.
Complete report is available at http://www.rnrmarketresearch.com/global-construction-equipment-market-2016-2020-market-report.html .
The construction equipment industry is capital-intensive. Since small construction firms find it difficult to afford construction equipment due to their high prices, vendors also provide equipment for rent. This is expected to lead to increased adoption of construction equipment during the forecast period.
According to the report, rapid urbanization results in the development of infrastructure such as highways, railroads, and ports. This, in turn, leads to a rise in the demand for construction equipment. Increased investment in real estate development worldwide because of low interest rates and economic recovery is fueling market growth.
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This report, Global Construction Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Construction equipment is used to perform multiple tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Construction equipment has many uses in the building and realty sector. This type of equipment includes excavators, loaders, construction tractors, graders, rollers, scrapers, conveyors, cranes, compactors, and pavers.
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Key players in the Global Construction Equipment Market: Caterpillar, Deere, Komatsu, Terex and Volvo. Other Prominent Vendors in the market are: CNH Industrial, Doosan Infracore, Manitou Americas, Guangxi Liugong Machinery, Hidromek, JCB, Guangxi Liugong Machinery, Lonking Holdings, Sany Heavy Industry, Shantui Construction Machinery, Sumitomo Heavy Industries, XCMG, and Xiamen XGMA Machinery.
Further, the report states that adherence to industry regulations is a major challenge faced by the market.
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