North America Heavy-Duty Construction Equipment Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The North America heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 7.0% over the forecast period (2021-2027). The US and Canada are the key economies that contribute to the growth of the North America heavy-duty construction equipment industry. The key aspect that drives the growth of the North America heavy-duty construction equipment market is the ongoing infrastructural developmental and re-developmental activities across the region. Various mega projects such as LaGuardia Airport Construction Project New York, O’Hare Airport Construction Project Illinois, Second Avenue Subway Construction Project New York, Sound Transit 3 (ST3) Construction Project Washington, and California High-Speed Rail Construction Project California among others.
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Besides, there are also
various infrastructure redevelopment and renewal projects, that demand for
heavy-duty construction equipment. Some of the redevelopment projects include
Newark Airport Terminal One New Jersey, JFK Airport New York, San Francisco
International Airport Redevelopment California, among many others. Furthermore,
the government’s investments in infrastructural development in the region also
support market growth. For instance, the Canadian government allocated
approximately $81.2 billion for the development of commercial and public
infrastructure under its ‘Invest in Canada’ initiative. Hence, the rapid
expansion of the construction industry is likely to contribute to market growth
in the region.
A
full Report of North America Heavy-Duty Construction Equipment Market is
Available at: https://www.omrglobal.com/industry-reports/north-america-heavy-duty-construction-equipment-market
·
Market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
·
Segment Covered- By Machinery Type,
Applications, and Industry
·
Region Covered- North America
·
Competitive Landscape- Caterpillar Inc., Deere
& Co., Komatsu Ltd., Liebherr Group, CNH Industrial NV, Hitachi
Construction Machinery Co. Ltd., Hyundai Heavy Industries Co. Ltd., and Kobelco
Construction Machinery Co. Ltd. among others
North America
Heavy-Duty Construction Equipment Market – Segmentation
·
Cranes
·
Loader
& Backhoe
·
Telescopic
Handlers
·
Excavators
·
Others
(Graders, Trencher)
Material
Handling Equipment
·
Hoists
·
Conveyors
·
Forklifts
·
Others
(Industrial Trucks)
Other
Heavy-Duty Construction Equipment
·
Concrete
Mixers
·
Road
Rollers
·
Stone
Crushers
·
Dumpers
·
Tippers
& Trailers
·
Others
(Slurry Seal Machines)
By
Applications
·
Excavation
& Demolition
·
Heavy
Lifting
·
Handling
·
Transportation
·
Recycling
& Waste Management
·
Others
(Tunneling)
By Industry
·
Construction
& Infrastructure
·
Manufacturing
·
Mining
·
Others
(Oil & Gas)
North America
Heavy-Duty Construction Equipment Market – Countries Covered
·
US
·
Canada
Company
Profiles
·
ASTEC
Industries Inc.
·
Caterpillar
Inc.
·
Deere
& Co.
·
Hitachi
Construction Machinery Co. Ltd.
·
Hyundai
Heavy IndustriesCo. Ltd.
·
Komatsu
Ltd.
·
Liebherr
Group
·
Metso
Corp.
·
Sumitomo
Heavy Industries Ltd.
·
Terex
Corp.
·
The
Manitowoc Co., Inc.
·
Volvo
Group
·
Wirtgen
Group
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data sources mined for investigation.
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