Construction Equipment Market Size, Share, Forecast Report - 2025


Posted July 22, 2019 by rechaldey

The market is projected to grow at a CAGR of 4.52% during the forecast period, to reach a market size, in terms of value, of USD 199.18 Billion by 2025

 
Construction Equipment Market by Type (Excavator - Crawler and Mini, Loader - Backhoe, Skid-steer, Wheeled and Other Equipment), Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025.The construction equipment market is primarily driven by construction activities across the globe. The market is projected to grow at a CAGR of 4.52% during the forecast period, to reach a market size, in terms of value, of USD 199.18 Billion by 2025 from USD 140.53 Billion in 2017.

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“Tier-5 emission regulation is expected to have a significant impact on the construction equipment market”

Tier-5 compliant engines are projected to have the largest market share of construction equipment by emission regulation in 2025. The countries in North America such as Canada, the US, and Mexico are speculated to have enforced these regulations by 2025. Additionally, it is speculated that Japan will also follow these regulations once they are in effect. With the increasing focus on reducing emission from fossil fuels, regional emission regulation will have a significant impact on the construction equipment market.

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“SCR is expected to be the fastest-growing segment of the construction equipment aftertreatment devices market”

The Selective Catalytic Reduction (SCR) aftertreatment device segment is projected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the stringent emission regulation standards that are speculated to be in Asia Pacific, Europe, and North America during the forecast period.

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Major players covered in the construction equipment market study are Caterpillar (US), Komatsu (Japan), Terex (US), CNH Industrial (the Netherlands), Liebherr (Switzerland), JCB (UK), and Hitachi Construction Machinery (HCM).

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Categories Automotive , Reports , Research
Tags Construction Equipment Market , Construction equipment market size , Construction Equipment Market share
Last Updated July 22, 2019