Global Building and Road Construction Equipment Market Report 2022 by Business Research Company: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, June 1, 2022 /EINPresswire.com/ — According to the “Global Construction and Road Construction Equipment Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the Building and Road Construction Equipment Market Size is expected to reach $296.12 billion in 2026 at a CAGR of 13.7%. The development of infrastructure in emerging and developed countries has propelled the growth of the building and road construction equipment market.
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The building and road construction equipment market includes sales of building and road construction equipment by entities (organizations, sole proprietorships or partnerships) that are engaged in the manufacture of construction machinery and equipment. construction and road construction such as road rollers, asphalt plants, forklifts. truck, crawler excavator, crane truck and others.
Global Road Construction and Construction Equipment Market Trends
Manufacturing companies are focusing on upgrading their technologies. According to the analysis of the building and road construction equipment market, the technological advancements are aimed at increasing safety, productivity, equipment connectivity and reducing maintenance problems and costs. For example, in March 2020, Komatsu, a Japan-based construction equipment manufacturer, introduced hydraulic excavators*1 equipped with the company’s KomVision human detection and collision mitigation system. The excavators are designed by advancing the “KomVision” bird’s eye view camera system equipped with conventional models in the Japanese market. The system identifies people through the shovel and prevents the shovel from moving when the system detects people whenever the shovel starts moving or swinging. In October 2020, Volvo Construction Equipment, a US-based construction equipment manufacturer, launched Volvo Active Control, an automated grading machine control system available on the EC250E, EC220E and EC300E excavators in North America. This system makes it easy for operators to get the right depth and angle, reducing grading times by up to 45%.
Segments of the global construction and road construction equipment market
The global building and road construction equipment market is segmented:
By product type: Graders, Road rollers, Wheel loaders, Concrete mixers, Bulldozers, Others
By Equipment Category: Earth Moving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Others
By application: building construction, road construction
By Geography: The global building and road construction equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Among these regions, Asia-Pacific accounts for the largest share.
Learn more about the Global Building and Road Construction Equipment Market report here
The Global Building and Road Construction Equipment Market Report 2022 is part of a series of new reports from The Business Research Company that provides Building and Road Construction Equipment market overviews, analysis and Market size and growth forecast for the global building and road construction equipment market, the building and global road construction equipment market share, segments and geographies of the global road construction equipment market, Global Road Construction Equipment Market Players, Revenues, Profiles and Market Shares of Top Road Construction Equipment Market Competitors. The Building and Road Construction Equipment Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
2022 TBRC Global Building and Road Construction Equipment Market report includes insights into the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: AB Volvo, Caterpillar Inc, Komatsu Ltd, Liebherr Group, Hitachi Construction Machinery Co. Ltd, JC Bamford Excavators Ltd, Terex Corporation, Atlas Copco Group, Deere & Company and Sany Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with detailed analysis of the impact of COVID-19 on various markets.