US Heavy-Duty Construction Equipment Market Growth, Size, Share, Industry Report and Forecast 2021-2027
The US heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The key aspect that drives the growth of the US heavy-duty construction equipment market is various investments by the country’s government for the infrastructural development in the country. For instance, in 2019, the US government allocated approximately $1 trillion for the novel infrastructural development in the country. The federal administration also financed approximately $67 billion for the maintenance and refurbishment of the existing establishments. Hence, a supportive government regulatory outlook promotes the infrastructural development in the country, which is likely to expand the US heavy-duty construction equipment industry over the forecast period.
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Furthermore, various ongoing projects and proposed projects are also
likely to create a wide scope for the growth of the market. There are various
mega projects including aerospace projects, disaster cleanups, energy projects,
science & spacecraft projects, and many more. Hence, this is likely to
create a wide scope for the growth of the US heavy-duty construction equipment
market over the forecast period. Some of the projects include National Hockey
League, UBS Arena in New York; CREATE in Illinois; Sound Transit 3 Seattle in Washington; San Francisco
International Airport Redevelopment in San Francisco, California; and many
others.
A
full Report of US Heavy-Duty Construction Equipment Market is Available
at: https://www.omrglobal.com/industry-reports/us-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
·
Country
Covered- The US
·
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
US Heavy-Duty
Construction Equipment Market – Segmentation
Earth Moving
Equipment
·
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)
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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