Availability of options such as leasing of construction equipment to drive cost effectiveness is also expected to fuel market growth over the forecast period. Safety and security issues such as mishandling of equipment need to be handled in order to prevent heavy losses. Since heavy construction equipment emits harmful gases such as nitrous oxide and carbon dioxide, meeting stringent fuel emission standards set by regulatory authoresses Is a challenge for Industry participants. The report “Construction Equipment Market Analysis By Product (Earth Moving
Machinery, Material Handling Machinery, Concrete & Road Construction Equipment) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www. Schwarzenegger. Com/industry- analysis/construction-equipment-market-analysis Further key findings from the study suggest: ; Earth moving machinery accounted for over 40% of the overall market In 2013, and Is expected to remain the largest product segment over the forecast period.
Material handling machinery Includes crawler cranes, as well as truck mounted and trailer mounted cranes, and Is expected to grow at the fastest rate of 5. 7% from 2014 to 2020. Concrete mixers and papers are expected to be the largest and fastest growing sub-segment of concrete and road construction equipment ; Asia Pacific accounted for over 50% of the global market share in 2013, which can primarily be attributed to considerable revenue generation from China. Demand for equipment such as construction vehicles for infrastructure and mining activities are expected to give impetus to the regional market.
With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www. Schwarzenegger. Com. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Email: [email protected] Com