The Global Construction Machinery Market Report by The Business Research Company covers construction machinery market drivers and restraints, construction machinery market size, major players, and the impact of COVID-19 on the construction machinery market.

The construction machinery market consists of sales of construction machinery, surface mining machinery, and logging equipment by entities (organizations, sole traders, or partnerships) that produce construction machinery, including backhoes, bulldozers, construction and surface mining-type rock drill bits, construction-type tractors, and attachments, off-highway trucks, pile-driving equipment, portable crushing, pulverizing and screening machinery, powered post hole diggers, road graders and surface mining machinery (except drilling).

Increasing investment in infrastructure is anticipated to contribute to the construction machinery’s market growth. The global construction machinery market is expected to grow from $204.24 billion in 2020 to $226.97 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $321.21 billion in 2025 at a CAGR of 9.1%.

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Some construction machinery market trends include the construction machinery market has been observing multiple strategic initiatives such as partnerships and innovative product launches over recent years. Major companies in the market are continuously focusing on collaborating with other companies to expand their product portfolio and geographical presence.

Global construction machinery market segments include:

1) By Product: Earthmoving, Material Handling, Building & Road Construction Equipment, Autonomous Construction Equipment.

2) By Application:  Excavation & Mining, Lifting & Material Handling, Earth Moving, Transportation, Others.

3) By End User: Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, And Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Construction Machinery Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides construction machinery market overviews, analyzes and forecasts market size, share, construction machinery market players, construction machinery market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The construction machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Construction Machinery Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Caterpillar Inc., Komatsu, Hitachi Construction Machinery Co Ltd, Liebherr, Volvo Construction Equipment, Deere & Company, Zoomlion Heavy Industry Sci & Tch Co Ltd, Terex Corporation, Sany Heavy Industry Co. LTD, XCMG Construction Machinery Co Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Construction Machinery Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Construction Machinery Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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