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

July 12, 2018

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

LONDON--(BUSINESS WIRE)--Jul 12, 2018--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 .

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 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:

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?

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 ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market sizing Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About 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 .

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

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/12/2018 04:36 PM/DISC: 07/12/2018 04:36 PM

http://www.businesswire.com/news/home/20180712005872/en

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