The global heavy construction equipment market is expected to reach USD 90.4 billion by 2025 at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Increased investment in infrastructure has been a major factor driving market growth.
Rise in infrastructural development around the world is the key catalyst that will propel market growth over the forecast period. Infrastructural development results in increased construction activities, which eventually creates a demand for heavy duty construction equipment. Developed infrastructure boosts economic growth by assisting cross-border trade and industrial growth.
Private financing is a key way to fund infrastructural development plans. For instance, infrastructure development in India has witnessed increased participation of private players in recent years. Moreover, the Indian government has increased its budget for infrastructural development.
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Heavy construction equipment market is likely to witness high demand due to various government initiatives to expand airports globally. As of January 2015, global investments for construction of airports was nearly USD 540.0 billion. For instance, news reports suggest that the total number of passengers traveling via Mumbai (India) airport has tripled in the last decade. To overcome this, the Indian government has approved an investment of USD 2 billion for the construction of the Navi Mumbai airport, which will help distribute domestic and international passengers. Development plans such as these are sure to give the global market a major boost.
Further key findings from the report suggest:
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Key Topics Covered
Table of Content
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research scope and assumptions Chapter 2 Executive Summary 2.1 Heavy duty construction equipment market – Industry snapshot Chapter 3 Heavy duty construction equipment Market Variables, Trends and Scope 3.1 Market segmentation 3.2 Market size and growth prospects, 2014 – 2025 3.3 Value chain analysis 3.4 Heavy duty construction equipment market dynamics 3.4.1 Market driver analysis 3.4.1.1 Steady investment in the infrastructure sector 3.4.2 Market restraint analysis 3.4.2.1 Rental and refurbishment market growing 3.4.3 Key opportunities – Prioritized 3.4.4 Industry analysis – Porter’s 3.5 PESTEL analysis Chapter 4 Heavy Duty Construction Equipment Market: Product Estimates & Trend Analysis 4.1 Global heavy duty construction equipment market share by product, 2016 & 2025 4.2 Earth moving machinery 4.2.1 Market estimates & forecasts, by earth moving machinery, 2014 – 2025 (USD Million) 4.3 Material handling machinery 4.3.1 Market estimates & forecasts, by material handling machinery, 2014 – 2025 (USD Million) 4.4 Concrete and road machinery 4.4.1 Market estimates & forecasts, concrete and road machinery, 2014 – 2025 (USD Million) 4.5 Others 4.5.1 Market estimates & forecasts, from others, 2014 – 2025 (USD Million) Chapter 5 Heavy Duty Construction Equipment market: Application Estimates & Trend Analysis 5.1 Global heavy duty construction equipment market share by application, 2016 & 2025 5.2 Infrastructure 5.2.1 Market estimates & forecasts, by infrastructure, 2014 – 2025 (USD Million) 5.3 Real estate 5.3.1 Market estimates & forecasts, by real estate, 2014 – 2025 (USD Million) 5.4 Others 5.4.1 Market estimates & forecasts, by others, 2014 – 2025 (USD Million)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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