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Construction Equipment Essay

758 Words4 Pages

Construction equipment are heavy-duty vehicles, particularly designed for implementing construction tasks, most frequently ones involving earthwork operations. They are also known as heavy equipment, engineering equipment or heavy vehicles. Construction equipment are typically used for operations such as material handling, hauling, excavating, drilling, grading, paving, and many others. They highly reduce the labor cost and time by performing difficult task with better working efficiency, which labors cant do. The construction equipment market is mainly driven by rapid urbanization and industrialization globally.
Some of the primary factors driving the growth of the global construction equipment market include rising demand for advanced infrastructure …show more content…

Solution type segment is the sub-segmented into products, and services (rental, and maintenance). On the basis of type segment the bifurcation includes loaders, cranes, forklift, excavators, dozers, and other types. The application segment is categorized into excavation & mining, lifting & material handling, earth moving, transportation, and other applications. Furthermore, oil & gas, public works & rail road, forestry & agricultural, manufacturing, military, mining are covered under the industries …show more content…

Ltd., JCB Ltd., Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment AB, Doosan Infracore Ltd., J.C. Bamford Excavators Limited, CNH Industrial N.V, and Kobe Steel Ltd., among others.
The key takeaways from the report
• The report will provide detailed analysis of Global Construction Equipment Market with respect to major segments such as solution type, type, application, industries, and geography
• The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
• Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
• An exhaustive regional analysis of Global Construction Equipment Market has been included in the report
• Profile of the key players in the Global Construction Equipment Market will be provided, which include key financials, product & services, new developments and business

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