19.08.2019-517 views -Global Construction
A global market intended for construction machines are expected to reach USD 208. 36 billion by 2020, according to a new study by Grand View Research, Inc. Developing number of infrastructure projects on a global level is expected to be the key driving force to get the market in the next half a dozen years. Increasing mining activities which require the use of construction equipment are expected to positively impact the industry in the forecast period.
Technological expansion has led to the application of advanced equipment that offers substantial benefits more than traditional mechanised equipment. Availability of options such as leasing of construction equipment to drive affordability is also expected to fuel market growth within the forecast period. Safety and security concerns such as mishandling of equipment need to be handled in order to prevent weighty losses. As heavy development equipment releases harmful fumes such as nitrous and carbon dioxide, meeting stringent fuel release standards set by regulating authorities is a challenge for sector participants.
The report " Construction Equipment Market Evaluation By Product (Earth Moving Machinery, Materials Handling Machinery, Concrete & Road Development Equipment) And Segment Predictions To 2020, вЂќ is available now to Grand View Analysis customers and may also be acquired directly by http://www.grandviewresearch.com/industry-analysis/construction-equipment-market-analysis
Further key studies from the research suggest:
вЂў Earth moving machinery accounted for over forty percent of the total market in 2013, and is expected to remain the largest item segment above the forecast period. Material managing machinery contains crawler sillon, as well as truck mounted and trailer mounted cranes, which is expected to grow at the speediest rate of 5. seven percent from 2014 to 2020. Concrete orange juice and pavers are expected as the largest and fastest growing sub-segment of concrete and road construction equipment. вЂў Asia Pacific accounted for more than 50%...