Precise Market Intelligence (PMI) presents its new, comprehensive study on the global Construction Equipment market spanning from 2020 to 2025. The Researchers at PMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research. The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects. The global construction equipment market size is projected to reach USD 205.0 billion by 2025, from an estimated value of USD 169.3 billion in 2020, at a 3.9% CAGR.
Analysts at PMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.

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Impact of COVID-19 on Construction Equipment Market

The unforeseen outbreak of COVID-19, which swiftly metamorphosed into the pandemic of unexpected proportions, has shifted the world’s focus towards the healthcare sector. National governments are closely working with healthcare institutions and pharmaceutical companies to provide effective treatment to patients suffering from the infection. As a result, there has been a reorientation of medical priorities across healthcare institutions with treatment for COVID-19 patients being the utmost priority. This is sure to impact the growth of the Construction Equipment market through the pandemic period.

PMI’s report includes a dedicated section expounding both the short-term and long-term impact of the pandemic on the Construction Equipment market. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.

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Construction Equipment Market: Segmentation

To simply the gargantuan study, the report is segregated on the basis of different segments.

By Equipment Type

Articulated Dump Truck
Asphalt Finisher
Backhoe Loader
Crawler Dozer
Crawler Excavator
Crawler Loader
Mini Excavators
Motor Grader
Motor Scraper
Road Roller
Rigid Dump Truck
RTLT Masted
RTLT Telescopic
Skid-Steer Loader
Wheeled Excavator
Wheeled Loader 80hp
By Equipment Category

Earthmoving Equipment
Material-Handling Equipment
Heavy Construction Vehicles
Other Equipment 
By Application

Infrastructure
Commercial
Residential 
Rental by Application

Infrastructure
Commercial
Residential 
By Propulsion Type

Diesel
CNG/LNG/RNG 
By Power Output

400 HP 
Rental by Engine Capacity

5L
5-10L
10L
Electric Construction Equipment By Type

Dump Truck
Loader
Dozer
Excavator
Motor Grader
Rental by Aftertreatment Device

Diesel Oxidation Catalyst (DOC)
Diesel Particulate Filter (DPF)
Exhaust Gas Recirculation (EGR)
Selective Catalytic Reduction (SCR) 
By Emission Regulation Stage

Stage II
Stage III
Stage IV
Stage V
Stage VI
Tier 4
Tier 5 
By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers, and restraints.

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Construction Equipment Market: Competition Analysis

The study bestows valuable insights into the competitive landscape of the global Construction Equipment market, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply-side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include

Caterpillar Inc. (US), Komatsu Ltd. (Japan), Deere & Company (US), Hitachi Construction Machinery Co., Ltd (Japan), and Volvo Construction Equipment (Sweden).

Key Questions Answered in PMI’s Construction Equipment Market Report

Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factor propelling the demand for Construction Equipments during the forecast period?
How current socio-economic trends will impact the Construction Equipment market?
What are the growth strategies implemented by prominent players in the Construction Equipment market to maintain their foothold in the competitive landscape?
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