The Business Research Company’s agriculture, construction, and mining machinery manufacturing global market report, covers the year-on-year growth of the global agriculture, construction, and mining machinery manufacturing market historic and forecast growth. It also includes chapters on the agriculture, construction, and mining machinery manufacturing market trends, geographical analysis, and competitive landscape.
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The global agriculture, construction, and mining machinery manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 3 % to 2022.
Agriculture, Construction, And Mining Machinery Manufacturing Market Trends
The agriculture, construction, and mining machinery manufacturing industry comprises establishments offering farm machinery and equipment, lawn and garden tractor, home lawn and garden equipment, construction machinery, mining machinery and equipment, and oil and gas field machinery and equipment manufacturing.
Construction equipment manufacturers have started replacing traditional mechanical hydraulic systems with hybrid systems. . A hybrid is an equipment that has more than one power source, or equipment that can collect, store and reuse energy. Hydraulic regenerative braking is a type of hybrid technology that converts kinetic energy into hydraulic energy and stores the pressure to be used during an energy-saving mode, which reduces energy and fuel costs. These hybrid systems also improve efficiency by up to 45% and lower operating costs. Major companies and their hybrids include Komatsu HB215LC-1 hydraulic excavator, Cat 336E H hybrid excavator, and Hitachi’s New Generation ZH200 excavator.
The global agriculture, construction, and mining machinery manufacturing market is primarily driven by continued worldwide expansion activity in the agriculture, construction, and oil and gas industries. Growing population, exploration of shale oil, and rising per capital incomes will drive the agriculture, construction and mining machinery manufacturing market in the future.
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The global agriculture, construction, and mining machinery manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With growth of emerging markets, rising construction activity, digitalization the global agriculture, construction, and mining machinery manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the agriculture, construction, and mining machinery manufacturing drivers and restraints in the market.
The global agriculture, construction, and mining machinery manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global agriculture, construction, and mining machinery manufacturing market report are Caterpillar Inc., Deere & Company, CNH Industrial N.V., Doosan Infracore Co., Ltd., Hitachi Ltd, Kubota Corp, Liebherr Group, AGCO Corporation, Volvo AB, Claas KGaA.
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