Global Construction Machinery Market by Product, 6th Edition
NEW YORK, Oct. 30, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05166512
Demand for construction equipment in the Asia/Pacific region is expected to rise at a double-digit annual rate through 2021, turning upward after declining during the 2011-2016 period.
A variety of mature and developing markets are expected to perform well during this period, including Indonesia, Malaysia, India, Australia, China, and Japan.
China alone is expected to account for two-fifths of all product sales gains between 2016 and 2021.
Sales of construction machinery in the region are expected to recover rapidly because of:
-- above average GDP and fixed investment spending growth, bolstered by additional inflows of foreign investment
-- strong nonbuilding and nonresidential construction spending gains, and advances in residential building construction expenditures
-- a rebound in surface mining and forestry activity, and increasing crude oil and natural gas output
Advances in dollar terms in the Asia/Pacific region will also be driven by rising sales of higher-end construction equipment in Japan, South Korea, and other mature markets, and the increasing use of more expensive, better performing machinery in China, India, Indonesia, Malaysia, Thailand, and other developing nations.
Key Findings in the Global Construction Machinery Market Study:
Dozers & Off-Highway Trucks to Register Above-Average Growth
World dozer and off-highway truck demand is projected to increase at a double-digit annual rate through 2021.
Because sales of dozers and off-highway trucks declined at a particularly fast pace between 2011 and 2016 as global surface mining activity declined, the segment is expected to grow at an above average pace going forward.
Numerous markets where these products are used widely are forecast to record double-digit annual gains during the 2016-2021 period, including Australia, Brazil, Chile, and Indonesia.
Multiple trends are expected to drive demand for dozers and off-highway trucks at the global level, including:
-- solid gains in building and nonbuilding construction activity
-- growth in the global mining and forestry sectors
-- rising government spending on public infrastructure around the world
-- the introduction of new emissions standards and the development of better-performing and more fuel-efficient models, both of which will help spur replacement product demand
Study Coverage
This study presents historical demand (2006, 2011, and 2016) and forecasts (2021) by product (excavators; loaders; cranes & draglines; dozers & off-highway trucks; mixers, pavers, & related equipment; graders, rollers, & related equipment; and parts & attachments).
The study also analyzes the structure of the global construction machinery industry and presents company market share in dollar terms for the world's leading suppliers, including Caterpillar, CNH Industrial, Deere, Doosan Infracore, Hitachi, JCB, Kobe Steel, Liebherr-International, SANY, Volvo, Wirtgen, and Xuzhou Construction Machinery.
Read the full report: https://www.reportlinker.com/p05166512
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
https://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
