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(Construction.IndustryNews247.Com, August 25, 2016 ) Market outlook of the construction equipment market in the APAC region
Construction equipment includes machines that are used to perform various tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Rapid urbanization in this region has resulted in the development of infrastructure projects such as highways, railroads, and ports. The increasing construction of such infrastructure projects is estimated to foster growth in this market during the forecast period and is envisaged to result in its impressive CAGR of more than 17% by 2019.
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Technavio market research analysts have estimated eminent factors, such as the increase in real estate development, to drive market growth during the forecast period. Investments in real estate are expected to grow during the forecast period owing to factors like low-interest rates and the strengthening global economic environment. The APAC regions steady economic growth is another significant factor that is expected to propel market growth during the forecast period.
Segmentation by type and analysis of - road and concrete equipment, material handling equipment
In this market study, Technavios market research analyst estimates the road and concrete equipment segment to show the highest market growth rate during the forecast period. Increasing government investments in road and railway projects is a critical factor that augments growth in this segment and results in its impressive market growth rate of more than 23% by 2019.
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Table of Contents
PART 01: Executive summary Highlights PART 02: Scope of the report Market overview Offerings of the top vendors PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Market size and forecast Five forces analysis PART 06: Market segmentation by type Earthmoving equipment market in APAC Material handling equipment market in APAC Road and concrete equipment market in APAC
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