Construction equipment is used for various tasks on construction sites, such as drilling, towing, excavation, sorting, paving, etc.P. The global market for heavy equipment is growing not only due to the huge number of construction firms, but also due to the oil and gas industry, forestry, utilities, mining and even the military industry. By 2020, according to some experts, the volume of sales in the global construction equipment market will increase by 8.9%.
The key players in the global heavy equipment market are Caterpillar Inc., Liebherr Group, Kobe Steel Ltd. (Kobelco), CNH Industrial, Hitachi Construction Machinery, Volvo Construction Equipment and Komatsu Ltd. Most of these corporations are well known to domestic consumers, including a number of companies that have official dealers in Russia. For example, Zeppelin Russland is the official dealer of Caterpillar in our country. It sells Cat asphalt pavers, Cat bulldozers, Cat road construction wheel loaders and many other variants of the brand’s construction equipment. By the way, the loader segment of the global construction equipment market is expected to grow and bring manufacturers 44% more profit by 2020. The volume of sales of equipment involved in earthmoving operations will grow by an average of 9.5%. Growth in demand for cranes and equipment for transporting building materials is expected.
In general, in the period up to 2020, the growth factors of the construction equipment market will be the developing industry, the rapid pace of residential and commercial construction, and government investment in the construction of infrastructure facilities.
Most of the equipment in the coming years will be involved in earthworks, lifting and transporting materials. The largest market share is and is expected to continue to be occupied by equipment for earthmoving, in particular earthmoving.
Geographically, the most active region in the construction equipment market is the Asia-Pacific region. And it will increase its demand for heavy equipment, which is predicted due to serious plans for the construction of real estate and infrastructure in the countries of this region.
