Lucintel Forecasts Heavy Construction Equipment Market To Grow At A Cagr Of 6%-7%

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According to the recent study the heavy construction equipment market is projected to grow at a CAGR of 6%-7% from 2020 to 2025. Growth in this market is primarily driven by increasing investment in the construction industry and more infrastructural activities.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in heavy construction equipment market by type (earthmoving, material handling, and heavy construction vehicles), end-use industry (construction & manufacturing, public work & rail road, and mining), application (excavation & demolition, heavy lifting, material handling, tunneling, transportation, and recycling & waste management), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/heavy-construction-equipment-market.aspx
“Heavy construction vehicles market is expected to remain the largest segment during the forecast period.”
Based on type, the heavy construction equipment market ...
... is segmented into earthmoving, material handling, and heavy construction vehicles. Lucintel forecasts that the heavy construction vehicles is expected to witness the largest segment over the forecast period as there is rapid urbanization and industrial development.
“Within the heavy construction equipment market, the excavation & demolition segment is expected to remain the largest application.”
Based on application, the excavation & demolition segment is expected to witness the largest application over the forecast period due to the increase in mining activities of precious minerals and metals across the globe and increase in natural calamities where excavators are used in rescue operations.
“Asia Pacific will dominate the heavy construction equipment market in near future.”
Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to high construction demand in the region and developing economic condition.
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Major players of heavy construction equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Caterpillar, Liebherr, Terex, Volvo Construction Equipment, Komatsu, Doosan Infracoe, Hitachi Machinery Construction, JCB, Sany, and CNH are among the major heavy construction equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/heavy-construction-equipment-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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