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The Market research future provides a detailed analysis of 10 years forecast of Heavy Construction Equipment market research between 2011 and 2021 and it is expected that Heavy Construction Equipment market will register the CAGR of more than 8.2% during the forecast period.
Heavy construction equipment’s are those products of engineering which helps to reduce the manpower and increase the efficiency of the project and it also helps to reduce the time limit. These products have huge demand on global scale. Going ahead to market share, Asia is known for the leader in the market which holds more than 50% of market share followed by the North America as second largest market and Europe region at third.
On the global scale lots of companies exists but when it comes to market share, the top five companies holds more than 47% of market share and rest of market share has been distributed to other companies.
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Global Heavy construction equipment market has seen a prospective growth in markets of various regions. In recent years demand for construction equipment has been increasing with aggressive speed as standard of living of people are increasing, disposable income are increasing, infrastructure is developing and most important people want their own house. These factors are forcing the heavy construction equipment market to grow. Growth of global economy is also playing very important role in the demand of heavy construction equipment. Government of various counties are taking initiative for various services like education, healthcare, public transport, infrastructure and other facilities also helping the market to develop.
Moving ahead, the report offers comprehensive analysis of industry overview of Heavy Construction Equipment which includes market drivers, restrains, opportunities, burning issues, winning imperatives in APAC regions.