Global Construction Machinery Market 2018-2022| Rising Trend of Skyscrapers to Boost Growth| Technavio

The global construction machinery market is expected to post a CAGR of
close to 8% during the period 2018-2022, according to the latest
market research report by Technavio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180712005872/en/

Technavio has published a new market research report on the global construction machinery market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth in
government spending toward infrastructure. Investment in public
infrastructures such as roads, railroads, and bridges is considered one
of the major tools for fiscal stimulus. Substantial spending in public
infrastructure plays an important role in stabilizing the economy of the
nation and facilitating its growth. Investment in infrastructure allows
economic growth and provides employment opportunities.

This market research report on the global
construction machinery market 2018-2022 also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

THIS REPORT IS AVAILABLE AT A USD 1,000 DISCOUNT FOR A LIMITED TIME
ONLY: VIEW
MARKET SNAPSHOT BEFORE PURCHASING

In this report, Technavio highlights the growing trend of skyscrapers
and mixed-use developments as one of the key emerging trends in the
global construction machinery market:

Global construction machinery market: Growing
trend of skyscrapers and mixed-use developments

The increase in the global population and the rapid movement of people
toward urban settlements have given rise to the need for infrastructures
such as multi-family homes, condominiums, hospitals, hotels, and
offices. This has resulted in the demand for land to surpass its
availability. As a result, skyscrapers are being built. Skyscrapers are
tall, habitable buildings with multiple floors.

“Skyscrapers are convenient as they accommodate plenty of floor space
in a relatively small amount of ground surface due to their immense
height. Skyscrapers are also referred to as high-rise buildings.
However, the term skyscraper is used for buildings that are higher than
100 meters. Several countries around the world are in a competition to
build the tallest structure in the world,” says a senior analyst at
Technavio for research on construction.

Global construction machinery market:
Segmentation analysis

This market research report segments the global construction machinery
market by product (earth moving machinery, material handling machinery,
concrete and road construction machinery, and other construction
machinery) and geography (APAC, EMEA, and the Americas).

The earth moving machinery segment held the largest market share in
2017, accounting for over 44% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with close to 65% of the market share,
followed by EMEA and the Americas respectively. APAC is expected to
demonstrate the fastest growth and dominate the global market throughout
the forecast period.

LOOKING FOR MORE INFORMATION ON THIS MARKET? REQUEST
A FREE SAMPLE REPORT

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180712005872/en/

Leave a Comment