DUBLIN – (COMMERCIAL THREAD)–The “Global Road Construction and Construction Equipment Market Report 2021: Impact of COVID-19 and Recovery to 2030” the report was added to ResearchAndMarkets.com offer.

This report provides strategists, marketers and senior management with the critical information they need to assess the global building and road construction equipment market emerging from the COVID-19 shutdown.

The global building and road construction equipment market is expected to grow from $ 37.65 billion in 2020 to $ 41.67 billion in 2021 at a compound annual growth rate (CAGR) of 10.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 57.88 billion in 2025 at a CAGR of 8.6%.

Companies mentioned

  • AB Volvo

  • Caterpillar Inc.

  • Komatsu Ltd.

  • Liebherr Group

  • Hitachi Construction Machinery Co. Ltd.

  • JC Bamford Excavators Ltd.

  • Terex Company

  • The Atlas Copco group

  • Deere & Company

  • Sany Group

  • Wacker Neuson

  • CNH Industrial SA

Reasons to purchase

  • Get a truly global perspective with the most comprehensive report available on this market covering over 12 geographies.

  • Understand how the market is affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus wanes.

  • Create regional and national strategies based on local data and analyzes.

  • Identify growth segments for investment.

  • Outperform your competition using forecast data and the drivers and trends that shape the market.

  • Understand customers based on the latest market research findings.

  • Compare performance to your main competitors.

  • Use the relationships between key data sets for a better strategy.

  • Suitable for supporting your internal and external presentations with high quality reliable data and analysis

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market share, trends and strategies for this market. It traces the historical and forecast growth of the market by geography. It places the market in the context of the larger building and road construction equipment market and compares it to other markets.

  • The Market Characteristics section of the report defines and explains the market.

  • The Market Size section gives the market size (Billion USD) covering both historical market growth, impact of COVID-19 virus, and forecast of its recovery.

  • Market segmentations break down the market into submarkets.

  • The regional and country breakdowns section gives an analysis of the market within each geography and market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets.

  • The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the major companies. The main financial transactions that have shaped the market in recent years are identified.

  • The Trends and Strategies section analyzes the shape of the market emerging from the crisis and suggests how companies can grow as the market recovers.

  • The Building and Road Construction Equipment Market section of the report provides background. It compares the building and road construction equipment market with other segments of the building and road construction equipment market by size and growth, history and forecast.

The building and road construction equipment market comprises the sales of building and road construction equipment by entities (organizations, sole proprietorships or partnerships) that manufacture building and road construction machinery and equipment such as compactors, asphalt mixing plants, forklifts. , crawler excavator, truck crane and others.

The development of infrastructure in emerging and developed countries has propelled the market for building and road construction equipment. Governments and the private sector in emerging and developed countries are focusing on developing infrastructure to maintain GDP, meet growing population needs, meet levels of urbanization, and increase connectivity by developing highways and expressways. For example, total Indian investment in road construction amounted to $ 22.4 billion in 2018-2019, with private investment accounting for 14% of total investment.

In addition, according to the World Bank, private sector infrastructure investment commitments for various sectors amounted to $ 96.7 billion in 2019 globally. H1 private participation infrastructure (PPI) investment was valued at $ 49.8 billion in 2019, 14% above levels in the first half of 2018. Governments and private sectors in both developed and emerging countries focus on infrastructure development and need high-tech equipment for the construction process. To make it easier and less time consuming, it acts as a major driver for the growth of the building and road construction equipment market.

High cost of equipment and initial setup is expected to hamper the market for building and road construction equipment. The cost of the equipment includes the purchase price, sales tax, shipping costs, installation costs, and finance charges at the time the equipment is acquired. A new full-size excavator can cost between $ 100,000 and $ 500,000, forcing companies to make high investments, as the purchase also involves additional costs, which increases the financial burden on businesses and hinders the market for road construction and construction equipment.

For more information on this report, visit https://www.researchandmarkets.com/r/x6o69u

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