Heavy Construction Equipment Market Size, Top Players Analysis, High Emerging Demands in North America Industry

North America: Heavy Construction Equipment Market
The discovery of heavy equipment has proven to be backbone for construction industry. Since last decade, the construction companies have grown tremendously after coming into the existence of heavy construction equipment. The actual reason behind this invention was reducing the labor cost and time. The heavy construction equipment are majorly used in the operations of earthmoving, transportation, lifting, and material handling and so on. North America has already proven itself a big giant in construction industry and has been a major market for this Heavy Construction Equipment Market.
 
Considering North America, the US and Canada will be the key forecasting areas. Growing industries such as oil and gas, manufacturing, mining, military etc. has been a major source of revenues to the construction industries since they start using of heavy equipment.
 
Key Players

• Caterpillar
• CNH Global NV

• Doosan Infracore Ltd
• JCB
• Hyundai Heavy Industries Ltd
• Hitachi Construction Machinery Co. Ltd (HCM)
• Kobelco Construction Machinery Co. Ltd
• Komatsu Ltd
• Manitou Group
• Sany Heavy Industries Co. Ltd
• Sumitomo Heavy Industries Ltd
• Volvo Construction
• Terex Corporation
• Xuzhou Construction Machinery Group

 
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Market Growth Influencer
North America is considered to be a matured economy in terms of construction industry and considered to be the second largest market in construction industry. Because of the tag of emerged economy and high disposable income North America has become a matured market for construction industry and generated the revenue of about XX billion US dollars which is quiet impressive.
 
The US has propelled to be a growing market because of the huge investment in the real estate sector. Since decade, there has been a huge demand coming from commercial as well as residential segment. Considering commercial purpose, the US government has taken initiative to increase the construction of dams, airports, roads and bridges which has become a major revenue generation for construction industries.
 
Followed by the US, Canada is considered to be the matured market for heavy construction equipment. As the country’s market condition is very sound and huge investment has taken place since decade.
 
Market Segmentation
By Types

• Earthmoving Equipment
• Material Handling Equipment
• Heavy Construction Vehicles
• Others (Cranes, Excavator, Dozer)

 
By Applications

• Mining & Excavation
• Earthmoving
• Transportation
• Lifting
• Material Handling
• Others

 
By End Users

• Oil & Gas Industry
• Construction Industry
• Military
• Mining
• Agriculture & Forestry

 
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Market Research Future introduces about the North America: Heavy Construction Equipment Market during the forecast period forecast to 2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics, and competitive landscape along with company profiles.
 
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