The
global construction equipment market is expected to reach USD 192.3
billion by 2017 from USD 143.6billion in 2012, growing at a CAGR of
6.0% from 2012 to 2017.The earth-moving equipment segment is in a
commanding position contributing about 43% to the total construction
equipment market revenue in 2012. China accounted for majority of the
global construction equipment consumption, with Europe at a distant
second.
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The
construction equipment market is driven by factors such as growth in
construction activities, emergence of lease-based equipment, and
increasing government investment in infrastructure development
especially in developing nations. In addition demand by companies in
infrastructure and real estate is also supporting the growth of the
construction equipment market.
Despite
the encouragement by governments across the globe, there are certain
factors inhibiting the growth of the construction equipment market
such as uncertain economic conditions, and strict emission
regulations. The increasing price of raw materials such as steel is
also a major challenge for the construction equipment market.
The
earth-moving equipment segment holds majority market share of the
total construction equipment market and is estimated to be worth USD
61.7billion in 2012. Material handling equipment is the fastest
growing segment and is expected to grow at a CAGR of 6.6% from 2012
to 2017. The construction vehicles segment is expected to exhibit
healthy growth during the forecast period (2012 - 2017) and will
attain a market size of USD 22.9 billion in2017.
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Asia
is considered the most promising market for construction equipment
worldwide due to relatively good performance of construction and
mining industries, in countries like India and China. Europe holds
the second largest share of the construction equipment market. China
is the major contributor to the global construction equipment market
and accounts for about 41.2% of the overall global sales of
construction equipment. The construction equipment market in China in
2012 is estimated at USD 59.2 billion and is expected to reach USD
95.6 billion in 2017 at CAGR of 10.1% from 2012 to 2017. In addition,
China also holds about 17% market share of the global agriculture
equipment industry.
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Some
of the key players dominating the construction equipment market are
Caterpillar (U.S.), Komatsu (Japan), Volvo (Sweden), Hitachi (Japan),
Liebherr (Switzerland), Sany (China), Zoomlion (China), Terex (U.S.),
Doosan (South Korea) and John Deere (U.S.). Caterpillar is the
leading player in the global construction equipment industry. Some of
the Chinese construction equipment market players dominating the
global market are: Sany, Zoomlion, XCMG, Guangxi Liugong, Lonking and
others.
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This
report titled "Construction Equipment Market - Global and China
Forecast, Market Share, Size, Growth and Industry Analysis, 2011 -
2017," provides in depth analysis, market size estimates, market
shares and forecast for the period 2011- 2017 for the construction
equipment market across the globe. The report analyzes four regional
markets, namely China, the U.S. Europe and Asia for construction
equipment based on product types. The study provides complete
evaluation of the shareholders approach, winning imperatives
essential for them by segmenting the construction equipment industry
as below:
Construction
Equipment Market by Type
Earth
Moving Equipment
Excavators
Loaders
Others
(graders, roller and such others)
Material
Handling Equipment
Crawler
Cranes
Trailer
Mounted Cranes
Truck
Mounted Cranes
Others
Concrete
and Road Construction Equipment
Concrete
Mixer & Pavers
All
types of Pumps
Others
Construction
Vehicles
Parts
and Attachment for Construction Equipment
Agriculture
Equipment Market by Type
Tractors
Harvesting
Equipment
Plowing
and Cultivating Equipment
Planting
and Fertilizing
Other
Agricultural Equipment
Construction
Equipment Market by Geography
U.S.
Europe
Asia
China
RoW
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all Chemical
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