Zion Market Research Global Construction Equipment Market , 2016–2024 | Page 3

Construction Equipment Market
market in the near future. In addition, growth in the public–private partnerships for developing
infrastructural development is anticipated to drive the global market in future. Moreover,
increasing government financial assistance for infrastructure development is expected to boost
the global construction equipment market growth and open up lucrative growth opportunities in
the market. Many companies are focusing on various growth strategies to gain highest market
share in the global market are opting for mergers and acquisitions, new innovations,
agreements, collaboration, new product launches, new technology launches; this may fuel the
global market growth. Conversely, stringent government regulations regarding carbon emissions
and volatile oil prices may hinder the global market growth in coming years.
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Global Construction Equipment Market: Segmentation
The global construction equipment market is categorized based on application, type, industry,
and solution. The application segment includes lifting & material handling, transportation,
excavation & mining, earthmoving, and others. The type segment comprises dozers, loaders,
forklifts, cranes, excavators, and others. Of these, loaders are the dominating segment in the
global construction equipment market as it is earthmoving equipment. The industry segment
consists of forestry & agriculture, oil & gas, mining, public works & railroad, military, and
manufacturing. Of these, public works & railroad is the leading segment in the global market.
Furthermore, the solution segment includes service and product. The service segment is further
sub-segmented as maintenance and rental.