Description
Scope of the Report The report titled “ Global Construction Equipment Market : Trends and Opportunities ( 2016-2020 )” provides an in depth analysis of global construction equipment market with description of market overview , demand of construction equipments , market sizing and growth , top players of the market and market share broken down by country . The report also focused on the opportunities available for the market and the key factors that will be accountable for the growth in the market in coming years .
The market size and forecast in value terms has been provided for the period 2015 to 2019 considering 2015 as the base year . The report also provides the compound annual growth rate (% CAGR ) for the forecasted period 2016 to 2020 . The construction equipment market is predicted to grow but at a slow pace for the next few years . The growth in the market has been driven by increasing construction and mining activities .
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The report summarizes the global construction equipment market in terms of market value , volume , global demand of construction equipments , regional market share and top players etc . The report also delivers detailed information regarding the emerging trends of the market , challenges faced by global construction equipment market and the key growth drivers of the market .
Major factors driving the growth of the market are increasing infrastructural and mining activities , increasing spending on construction activities and increased investment of government in infrastructure sector etc . But in coming years it is predicted that the market has to face several challenges which hindered the growth of the market . Some of the major challenges before the market are unpredicted prices of raw materials , uncertainty in economic condition , enforcement of emission control norms and changing customer demand and expectation etc .
The report also provides detailed country analysis of North America , Europe and China with their actual and forecasted market size . North American countries have the largest stake in the global construction equipment market . Among the Asian countries , China is the biggest market for construction equipments . But in coming years Chinese construction equipment market is predicted to decline .
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The report shows the competitive landscape of the construction equipment market . The global construction equipment market remains crowded , comprised of two major global players : Caterpillar and Komatsu , and a large number of small players either by product type or by geography . Caterpillar Inc . is the market leader of construction equipment market globally in terms of revenue and other aspects also .
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