APAC Construction Equipment Market Business Growth 2019-2025 By Regional Players
Category: #headlines  By Partha Ray  Date: 2019-08-07
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APAC Construction Equipment Market Business Growth 2019-2025 By Regional Players

Global Market Insights has recently added a report on Construction Equipment Market Share 2019-2025 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

In the APAC Construction Machinery Market, the demand for new products is rising due to the launch of several machinery with technically-advanced features including telematics, smart sensing technologies, etc. These eliminate human interference to a higher degree and provide worker safety compared to conventional options. Customers in Asia mostly purchase this equipment either from the company's direct sales channels, such as stores and outlets, or independent dealers/distributors to obtain high-quality products at appropriate costs. Asia Pacific Construction Equipment Market is expected to reach USD 80 billion by 2025.

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The global construction companies, governments, and local players are rapidly moving toward the adoption of technologically-advanced machinery to address the huge requirements, accelerating the APAC construction equipment market expansion. The growth is also attributed to favorable government investments in the application sector, which provides appropriate funds and machine consumption parameters to the customers.

Concrete equipment is gaining high popularity and demand owing to several ongoing road & highway construction projects in the Asian countries under the infrastructure improvement initiatives. Equipment including concrete pumps, batching plants, and asphalt pavers are increasingly being utilized in such projects to overcome issues related to traditional labor-based operations.

APAC Construction Equipment Market, By Product

  • Earthmoving & road building equipment
    • Backhoe
    • Excavators
    • Loaders
    • Compaction equipment
    • Others
  • Material handling & cranes
    • Storage & handling equipment
    • Engineered systems
    • Industrial trucks
    • Bulk material handling equipment
  • Concrete equipment
    • Concrete pumps
    • Crushers
    • Transit mixers
    • Asphalt pavers
    • Batching plants

APAC Construction Equipment Market, By Sales Channel

  • Independent dealers/distributors
  • Direct sales to customers
  • Rental companies
  • Online channel
     

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Several governments provide financial help & low-interest loans to the local construction companies, supporting industry growth. These factors coupled with increasing awareness of the Asian customers about technologically-advanced machines are developing the APAC construction equipment market.

China is rapidly evolving in the APAC construction equipment market due to the rising construction of several residential & commercial establishments. The emergence of aftermarket players providing machinery replacement parts is a major factor that will drive the industry demand. Due to the presence of several machine manufacturers in China, South Korea, and Japan, these countries are also witnessing an emergence of replacement part providers to cater to the high requirements from various customers.

Moreover, Japanese manufacturers are entering the Indian market owing to the increasing construction & infrastructure development activities in India in recent years to foster the APAC construction equipment market expansion.

Prominent players present in the APAC construction equipment market are: J.C. Bamford Excavators Limited, Doosan Group, Terex Corporation, Komatsu Ltd., Liebherr Group, Kobelco Construction Machinery, Tadano Ltd., Caterpillar, Inc., John Deere, and Sany Group. These companies are launching their products and solutions in the untapped regions with potential demand. For instance, in November 2018, JCB India announced the launch of its new products and the establishment of new dealership facilities in Nepal. Additionally, the manufacturer strategies for new product development and R&D investments are fueling the APAC construction equipment market growth.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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