APAC Construction Equipment Market 2023-2027

Construction Equipment Market in APAC 2023-2027

Technavio has been monitoring the construction equipment market in APAC and is forecast to grow by $19239.15 mn during 2022-2027, accelerating at a CAGR of 5.09% during the forecast period. Our report on the construction equipment market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased investment in infrastructure, increase in the number of smart cities, and increasing residential and commercial construction activities.

Technavio's construction equipment market in APAC is segmented as below:

By Product

• Earthmoving equipment
• Material handling equipment
• Concrete and road construction equipment
• Other equipment

By Application

• Commercial
• Residential
• Infrastructure

This study identifies the growing trend of construction equipment rentals as one of the prime reasons driving the construction equipment market growth during the next few years. Also, new product launches and rising number of strategic partnerships and alliances will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the construction equipment market in APAC covers the following areas:

• Construction equipment market sizing
• Construction equipment market forecast
• Construction equipment market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction equipment market vendors that include AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Epiroc AB, Guangxi LiuGong Machinery Co. Ltd., Hitachi Ltd., Hyundai Construction Equipment Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Kubota Corp., Larsen and Toubro Ltd., Liebherr International AG, Mahindra and Mahindra Ltd., SANY Group, Sumitomo Heavy Industries Ltd., Tadano Ltd., XCMG Group, and Atlas Copco AB. Also, the construction equipment market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.