IMARC Group has recently released a new research study “Heavy construction equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Heavy construction Equipment Industry?
The global heavy construction equipment market size reached US$ 132.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 177.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.96% during 2023-2028.
Covied-19 Impact
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is a Heavy construction equipment Market?
Heavy construction equipment or heavy construction machinery is primarily designed to manage heavy operations and large construction tasks such as tunneling, excavation, material handling, recycling, lifting, and waste management. Some commonly used heavy construction equipment are bulldozers, excavators, backhoes, wheel tractor scrapers, compactors, dumper trucks, loaders, trenchers, motor graders, dozers, and loaders.
They help increase the output rate, enhance efficiency, speed, and safety on a larger scale, reduces the need for manpower, and minimize the time limit of processes and overall construction costs. As a result, heavy construction equipment is widely adopted in mining, manufacturing, infrastructure, construction, and oil and gas industries across the globe.
What are the major market drivers in the Heavy construction equipment Market?
The market is primarily driven by the expanding construction sector due to the rising construction activities. In addition, the introduction of driver assistance systems and real-time data tracking to monitor fuel usage, location, operating hours, and maintenance of the machinery are contributing to the market growth. Moreover, the implementation of various government initiatives to construct railway tracks, airports, and roads represents another major growth-inducing factor.
Besides this, several technological advancements, such as the introduction of the Internet of Things (IoT) and machine learning (ML) to improve operational efficiency and optimize equipment utilization, are providing a positive thrust to market growth. Furthermore, rapid urbanization and industrialization, increasing infrastructure development projects, escalating demand for advanced construction equipment, and growing mergers and acquisitions (M&A) among key players are creating a favorable market outlook across the globe.
Who are The Major Key Players in heavy construction equipment market?
AB Volvo, Caterpillar Inc., CNH Industrial N.V., Deere & Company, Hitachi Construction Machinery Co. Ltd. (Hitachi Ltd.), Hyundai Doosan Infracore Co. Ltd., JCB Ltd., Komatsu Ltd., Liebherr AG, SANY Group Co. Ltd., Terex Corporation and XCMG Group.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Equipment Type:
- Earthmoving Equipment
- Material Handling Equipment
- Heavy Construction Vehicles
- Others
Breakup by End User:
- Infrastructure
- Construction
- Mining
- Oil and Gas
- Manufacturing
- Others
𝐁𝐲 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐲:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Surgical Equipment Market OverviewMarket Research Future (MRFR), in its revised “Surgical Equipment Market” report, explains various growth boosters and impeders.
MRFR study concludes that the surgical equipment global Surgical Equipment Market Size can surge at 6.2% CAGR across the forecast period.
The wide range of surgery equipment applications across ophthalmic surgery, neurosurgery, urology, wound closure, orthopedic surgery, cardiovascular surgeries, and others can benefit the worldwide market of surgical equipment.
The rise in surgical sutures and staples, electrosurgical generators, handheld instruments, and monitoring devices sales can impel the market.In addition, the surgical equipment market can be driven by increased prevalence of chronic ailments.
Rise in cases of obesity, cardiovascular diseases, skin issues, ambulatory surgeries and geriatric population.
The electrosurgical devices segments are electrosurgical instruments, such as electrosurgical pencils, HET bipolar system, electrosurgical generators, smoke evacuation system, and others.The application-based segments of the surgical equipment market are wound closure, neurosurgery, orthopedic surgery, cardiovascular surgeries, urology, and others.The end-user-based surgical equipment market segments are ambulatory surgical centers, hospitals, and others.Surgical Equipment Market Regional AnalysisAmerica surgical equipment market can attain largest market share.
The new report by Expert Market Research titled, ‘Global Cellulose Gel Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global cellulose gel market, assessing the market based on its segments like grades, applications, and major regions.
The sample report shall be delivered to you within 24 hours.The key highlights of the report include:Market Overview (2015-2025)• Forecast CAGR (2020-2025): 6.5%• Forecast Market Size (2025): USD 1.39 billionThe significant growth of the cellulose gel market in the forecast period can be attributed to the rising awareness towards leading a healthy lifestyle and the rising demand for plant-based products in the developing economies of the world.
Further, the rising consumption of baked goods and confectioneries, especially in regions like North America and Europe, which bolsters the global demand for cellulose gel.Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/cellulose-gel-marketIndustry Definition and SegmentationCellulose gel, also known as microcrystalline cellulose (MCC), is a food ingredient and a stabilising agent consisting of small particles of purified cellulose.
Purified cellulose is abundant on earth.
It is used in the food and beverage industry in various recipes in order to reduce the calorie content and add fibres to the diet.On the basis of grade, the market is bifurcated into:• Food Grade• IndustrialBy application, the industry is categorised into:• Food and Beverage• Cosmetics and Personal Care• Pharmaceuticals• Industrial• OthersThe regional markets of the product are segmented into:1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 OthersMarket TrendsThe significant rise of cellulose gel in the forecast period is because of the growing demand for vegan products in the food and beverage industry.
It is added in products such as bakery, beverages, ice cream, confectionery, and sauces, among others, to deliver a premium texture.
