Asia Pacific Construction Equipment Market: Recent Trends, Top Key Players & Regional Analysis by 2024

The size of Asia Pacific construction equipment market was registered at USD 55 billion in the year 2018 and is anticipated to cross USD 80 billion by 2025. Between the period 2019-2025, the market is expected to register a CAGR of 5%,

Driven by massive spending on infrastructural projects and rising inflow of FDI in the real estate sector, Asia Pacific construction equipment industry has established itself as one of the most lucrative business spheres in the recent times. The rise of online retail outlets and the convenience of replacing parts by the firms via online channels has been creating considerable opportunities for the players operating in the Asia Pacific construction equipment industry.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3109

Speaking in the similar context, numerous prominent heavy-equipment makers are developing advanced excavators which has fortified the stance of earthmoving and road building equipment segment in the Asia Pacific construction equipment market. For instance, Hitachi recently introduced ZH210-6 excavator which is regarded as one of the most fuel-efficient and light-weight excavators to have been developed in the recent past. Equipped with high-grade hydraulics, ZH210 emits reduced levels of carbon dioxide and consumes less fuel.

The Asia Pacific construction equipment market from concrete equipment segment is expected to witness high demand over the coming years. This anticipated growth is ascribed to increasing number of infrastructure development and road building activities in APAC. Rising investments by local governments for connecting remote areas as well as improve their road transportation networks would greatly drive the market demand for construction equipment.  

Following its establishment as one of the prominent growth engines of the Asian continent, India has stepped up its efforts to reform the way urbanization has been progressing in the nation over the last few decades. Owing to increasing population and high rate of migration, the demand for affordable housing is on the rise. In addition to this, the need to upgrade the overall transportation network across urban and rural areas has been one of the top-most priorities of the nation.

To achieve the desired results in terms of sustainable urbanization in this time and age, India has been investing heavily in the construction sector – a business vertical which has emerged as the second largest employer in the nation over the last few years. The construction sector received a humongous boost by the Indian government in 2015 when it launched three mega urban transformation schemes viz., Housing for All, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and Smart Cities Mission.

After constructing large-scale projects such as the world’s largest dam and building a 26-mile-long bridge, China is now focusing on unprecedented infrastructural projects such as Belt and Road Initiative. Regarded as the largest undertaking in its modern history, the initiative aims to develop and build an enormous network of railroads and shipping lanes between China and 65 nations in Europe, the Middle East, North Africa, and Asia.

Although it was first proposed in the year 2013, Belt and Road Initiative has garnered considerable momentum only last year and is expected to provide significant push to the Asia Pacific construction equipment market. Moreover, China’s is rapidly transitioning toward a consumer and services driven economy which opens up a new kind of construction in social, educational, and healthcare infrastructure.

Get This Report Customized To Your [email protected] https://www.decresearch.com/roc/3109

Some Point from Table of Contents:

Data Tables

TABLE 1.    APAC construction equipment industry 3600 synopsis, 2015 - 2025

TABLE 2.    Asia Pacific construction equipment market size, 2015 – 2018 (USD Million)

TABLE 3.    Asia Pacific construction equipment industry size, 2019 – 2025 (USD Million)

TABLE 4.    Asia Pacific construction equipment industry size, 2015 – 2018 (Units)

TABLE 5.    Asia Pacific construction equipment industry size, 2019 – 2025 (Units)

TABLE 6.    Asia Pacific construction equipment market size, by demand, 2015 – 2018 (USD Million)

TABLE 7.    Asia Pacific construction equipment industry size, by demand, 2019 – 2025 (USD Million)

TABLE 8.    Asia Pacific construction equipment industry size, by demand, 2015 – 2018 (Units)

TABLE 9.    Asia Pacific construction equipment industry size, by demand, 2019 – 2025 (Units)

TABLE 10.    Asia Pacific construction equipment industry size, by product, 2015 – 2018 (USD Million)

TABLE 11.    Asia Pacific construction equipment industry size, by product, 2019 – 2025 (USD Million)

TABLE 12.    Asia Pacific construction equipment market size, by product, 2015 – 2018 (Units)

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/asia-pacific-construction-equipment-market