Heavy Construction Equipment Market in Asia-Pacific Growth Outlook 2023, Revenue, Developments, Trends, Top Players, Country-wise Analysis and Forecast 2030

According to MRFR analysis, the Asia-pacific Heavy Construction Equipment Market is expected to register a CAGR of ~8.45% from 2022 to 2030 and hold a value of over USD 96.67 Billion by 2030.

Asia-Pacific Heavy Construction Equipment Market Research Insights

Asia-Pacific Heavy Construction Equipment is a specialist building technique based on commercially available prefabricated construction systems. Because it is a rapid, secure, and high-quality construction assembly that doesn’t need extra time for drying, it is a suitable solution. Due to global urbanization and industrial expansion, there has been a significant and consistent increase in demand for Asia-Pacific Heavy Construction Equipment. Asia-Pacific Heavy Construction Equipment is thus commonly used in the construction of homes, offices, and other buildings.

Market Growth Driving Factors

• Government initiatives for various services like education
• healthcare
• public transport
• infrastructure and other facilities
• Increase in Demand of construction equipment
• Development of infrastructure

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The lockdowns imposed in the majority of the countries following the outbreak of COVID-19 in December 2019, followed by the rising cases on an international scale in 2020, have had a significant negative impact on the Asia-Pacific Heavy Construction Equipment market and the demand for the product in recent months. Many market nations, including well-known ones like Italy, the U.S., and India, have experienced circumstances such as curfews when firms other than those providing critical services with a small staff were forbidden from operating.

Key Players

Some of the key Asia-Pacific Heavy Construction Equipment Market players are,

• Volvo Construction Equipment
• Caterpillar Inc
• C. Bamford Excavators Limited (JCB)
• Hitachi Construction Machinery Co. Ltd
• Komatsu Ltd
• Doosan Heavy Industries & Construction
• Liebherr group
• CNH Industrial
• Kobe Steel Ltd. (Kobelco)
• Atlas Copco., and others.

Asia-Pacific Heavy Construction Equipment Market Regional Analysis

During the forecast period, the Asia-Pacific Heavy Construction Equipment market in this area is expected to be driven by the expansion of the heavy construction equipment sector in the region as a result of population growth and growing per capita disposable income. Additionally, Asia-Pacific nations have the world’s fastest economic growth rates. Because of the increased building operations in China, India, and the ASEAN nations, the Asia-Pacific region is thus anticipated to be a prominent market driving the global construction industry.

Asia-Pacific Heavy Construction Equipment Market Segmentation

The Asia-pacific Heavy Construction Equipment market has been segmented into Types, Applications, and End-User.

Based on the Types, the market has been segmented into Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, and Others.

Based on the Applications, the market has been segmented into Mining & Excavation, Earthmoving, Transportation, Lifting, Material Handling, and Others.

Based on End-User, the market has been segmented into Oil & Gas Industry, Construction Industry, Military, Mining, Agriculture & Forestry, and Others.

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1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF THE STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3ASIA-PACIFIC HEAVY CONSTRUCTION EQUIPMENT INDUSTRY: OVERVIEW

3.1 INTRODUCTION OF HEAVY CONSTRUCTION EQUIPMENT

3.1.1 DEFINITION OF HEAVY CONSTRUCTION EQUIPMENT

3.1.2 MARKET SEGMENTATION OF HEAVY CONSTRUCTION EQUIPMENT

3.1.2.1 MARKET SEGMENTATION ON THE BASIS OF TYPES

3.1.2.2 MARKET SEGMENTATION ON THE BASIS OF APPLICATION

3.1.2.3 MARKET SEGMENTATION ON THE BASIS OF END USER

4 MARKET DYNAMICS

4.1 DRIVERS

4.1.1 RISING DEMAND FOR CONSTRUCTION EQUIPMENT

4.2 RESTRAINTS

4.2.1 HIGH COST OF CONSTURCTION EQUIPMENTS

…Continued.

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