Construction Equipment Market in the APAC Region is Envisaged to Result in its impressive CAGR of More than 17% by 2019
Construction Equipment Market in the APAC Region 2015-2019 Size and Share Published in 2015-12-30 Available for US$ 2500 at Researchmoz.us
Description
Market outlook of the construction equipment market in the APAC region
Construction equipment includes machines that are used to perform various tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Rapid urbanization in this region has resulted in the development of infrastructure projects such as highways, railroads, and ports. The increasing construction of such infrastructure projects is estimated to foster growth in this market during the forecast period and is envisaged to result in its impressive CAGR of more than 17% by 2019.
Technavio market research analysts have estimated eminent factors, such as the increase in real estate development, to drive market growth during the forecast period. Investments in real estate are expected to grow during the forecast period owing to factors like low-interest rates and the strengthening global economic environment. The APAC regions steady economic growth is another significant factor that is expected to propel market growth during the forecast period.
Segmentation by type and analysis of - road and concrete equipment, material handling equipment
In this market study, Technavios market research analyst estimates the road and concrete equipment segment to show the highest market growth rate during the forecast period. Increasing government investments in road and railway projects is a critical factor that augments growth in this segment and results in its impressive market growth rate of more than 23% by 2019.
This industry research report offers an analysis of each of the following sectors and discusses its effect on the overall market growth -
Road and concrete equipment
Material-handling equipment
Earthmoving equipment
Competitive landscape and key vendors - Caterpillar, Hitachi Construction Machinery
This market is characterized by the presence of a competitive business environment and consists of well-diversified international, regional, and local vendors. The regional and local vendors offer customized construction equipment at cost-effective prices, whereas the large vendors offer equipment that are high quality and feature rich.
Key vendors in this market are -
Caterpillar
Hitachi Construction Machinery
Sany
Volvo Construction
Zoomlion
Other prominent vendors analyzed in this market study are XCMG, TerexCase, Komatsu, Bobcat, Liebherr, Doosan Infracore, Guangxi Liugong Machinery, Escorts Construction, JCB Construction, Gehl, Deere and Company, and KOBELCO Construction Machinery.
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Growth drivers, challenges, and upcoming trends - Construction equipment
Technavios market research analyst has estimated upcoming factors, such as the advent of attractive financing options, to bolster market growth during the period of 2014 and 2019. As the ownership of construction equipment involves high initial investment, manufacturers are providing attractive financing options like flexible payment terms to increase their sales. The availability of such financing options allows companies to own the equipment with minimal impact on their budget and, therefore, results in market growth during the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the construction equipment market in the APAC region. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2019
What are the key factors driving the construction equipment market in the APAC region
What are the key market trends impacting the growth of the construction equipment market in the APAC region
What are the challenges to market growth
Who are the key vendors in the construction equipment market in the APAC region
What are the market opportunities and threats faced by the vendors in the construction equipment market in the APAC region
Trending factors influencing the market shares of APAC
What are the key outcomes of the five forces analysis of the construction equipment market in the APAC region
Technavio also offers customization on reports based on specific client requirement.
Related reports
Construction Equipment Market in Brazil 2014-2018
Construction Tractor Market in South Korea 2015-2019
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Offerings of the top vendors
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by type
Earthmoving equipment market in APAC
Material handling equipment market in APAC
Road and concrete equipment market in APAC
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