Construction Equipment Market Size, Industry Share and Growth Rate 2019-2026
The Global Construction Equipment
Market is likely to grow considerably in the coming years, due to increasing
government investment in infrastructure development. According to a report
published by Fortune Business Insights,
titled “Construction Equipment Market: Global
Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 128.46 Bn in 2018. Fortune Business
Insights states that the market will be valued at US$ 186.42 Bn by the end of
2026, thereby exhibiting a CAGR of 4.8%.
Sample PDF Brochure https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/construction-equipment-market-100521
Volvo
Construction Kicks-off an Exciting Line-up of Upcoming Products
The global construction equipment
(CE) market has benefited from several product launches in recent years. The
contribution from renowned companies will aid the growth of the global market.
In 2018, Volvo Construction Equipment (Volvo CE) made its debut in the CE
market in China. Volvo CE highlighted its newest products and aimed to
highlight some of the standout concepts that were in practice for the first
time. Volvo announced that it plans to bring 11 new products in the market. The
company boasts an impressive portfolio and the addition of new products, along
with its expansion in China will add to the commercial success. This, in turn,
will lead to the growth of the global construction equipment market in the
forthcoming years.
Top
Players
·
Caterpillar Inc.
·
Liebherr Group
·
Terex Corporation
·
Komatsu America Corp.
·
JCB India Ltd.
·
Hyundai Heavy Industries Co.,
Ltd
·
CNH Industrial Capital
·
Hitachi Construction Machinery
Middle East Corporation FZE
·
Volvo Car Retail Solutions AB
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