Construction Equipment Market worth 199.18 Billion USD by 2025

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MarketsandMarkets Presents

Construction Equipment Market worth 199.18
Billion USD by 2025
https//www.marketsandmarkets.com/Market-Reports/c
onstruction-mining-equipment-market-179948937.html

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The report "Construction Equipment Market by
Type (Excavator - Crawler and Mini, Loader -
Backhoe, Skid-steer, Wheeled and Other
Equipment), Category, Emission Regulation,
Aftertreatment Device, Power Output, Application,
Rental Equipment, and Region - Global Forecast to
2025 The construction equipment market is
projected to grow at a CAGR of 4.52, to reach a
market size of USD 199.18 Billion by 2025, from
an estimated USD 146.17 Billion in 2018. The
market is driven by the increasing government
spending on various infrastructure activities,
development of smart cities, and changing
emission regulations across the world. Get the
PDF Brochure For This Report https//www.markets
andmarkets.com/pdfdownloadNew.asp?id179948937
Browse 168 market data Tables and 53 Figures
spread through 228 Pages and in-depth TOC on
"Construction Equipment Market
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nstruction-mining-equipment.asp
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Tier-5 emission regulation is expected to have
a significant impact on the construction
equipment market Tier-5 compliant engines are
projected to have the largest market share of
construction equipment by emission regulation in
2025. The countries in North America such as
Canada, the US, and Mexico are speculated to have
enforced these regulations by 2025. Additionally,
it is speculated that Japan will also follow
these regulations once they are in effect. With
the increasing focus on reducing emission from
fossil fuels, regional emission regulation will
have a significant impact on the construction
equipment market. SCR is expected to be the
fastest-growing segment of the construction
equipment aftertreatment devices market The
Selective Catalytic Reduction (SCR)
aftertreatment device segment is projected to
grow at the fastest CAGR during the forecast
period. This growth can be attributed to the
stringent emission regulation standards that are
speculated to be in Asia Pacific, Europe, and
North America during the forecast
period. Request Sample of the report https//www
.marketsandmarkets.com/requestsampleNew.asp?id179
948937
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Asia Pacific is projected to remain the largest
market for construction equipment over the
forecast period The Asia Pacific region
includes key countries such as China, Japan, and
India. The construction equipment market in this
region is projected to remain the largest owing
to the increase in infrastructural development
projects. Population migration from rural to
urban areas is another factor that is driving the
demand for infrastructure projects in the region.
Robust economic growth, along with increasing
need for housing and office spaces has increased
the demand for construction equipment across the
region. Major players covered in the
construction equipment market study are
Caterpillar (US), Komatsu (Japan), Terex (US),
CNH Industrial (the Netherlands), Liebherr
(Switzerland), JCB (UK), and Hitachi Construction
Machinery (HCM). Speak to Analyst _at_
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w.asp?id179948937
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onstruction-mining-equipment-market-179948937.html

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