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The innovation of heavy equipment has confirmed to be strength of for construction industry. Since last decade, the construction firms have grown enormously after coming into the reality of heavy construction equipment. The actual motive behind this innovation was dipping the labor cost and time. The heavy construction equipment are majorly utilized in the processes of transportation, lifting earthmoving, and material handling and others
North America is well known to be a developed economy in terms of construction industry and considerbeing the second major market in construction industry. Since the tag of developed economy and high disposable income, North America has become a developed market for construction industry and generated the revenue of about XX billion US dollars which is quiet notable.
The US has pushed to be a growing market because of the enormous investment in the real estate sector. Since last ten years, there has been a massive demand arising from residential as well as commercial segment. Focusing the commercial purpose, the US government has taken come up to increase the construction of airports dams, bridges,roads and which has turn out to be a key revenue generation for the construction industries.
Followed by the US, Canada is known to be the developed market for heavy construction equipment. As the country’s market situation is very sound and huge investment has taken place since decade.
Moving ahead, the report offers comprehensive analysis of industry overview of Heavy Construction Equipment which includes types, application analysis, end users, supply chain management and key regulations in various regions along with the heavy construction equipment distributor analysis.
Nextly, the report covers geographical analysis of countries includes the US and Canada. Furthermore, the report has been bifurcated on the basis of by types (earthmoving equipment, material handling equipment, heavy construction vehicles, others (cranes, excavator, dozer)), by application(mining & excavation, earthmoving, transportation, lifting, material handling, others), by end users (oil & gas industry, construction industry, military, mining, agriculture & forestry and others).