Construction Equipment Market to Reach USD 438.10 Billion by 2032; Rapid Industrialization, Large-Scale Infrastructural Projects & Significant Construction Investments to Propel Growth: The Brainy Insights

Newark, Aug. 08, 2023 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the global construction equipment market will grow from USD 190.23 Billion in 2022 to USD 438.10 Billion by 2032. Mining activities may also align with the type of metals and minerals to be extracted from the earth. There are styles of mining techniques, specifically surface mining and underground mining. Every mining method involves special construction machinery as per application. Construction equipment is the tool used in underground and surface mining globally. Construction equipment used in mining includes earth movers, material handlers, bulldozers, excavators, and others. Each type of construction equipment is being explicitly utilized for mining activities. The most common types of construction equipment differ depending on the style or type of mining activity, i.e., underground and surface mining. Mining equipment’s productivity and efficiency are considered the most important elements contributing to operational cost, and measuring and benchmarking them is one of the quality approaches to figuring out the possibilities for improvement.
• Deere & Company
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Sany Group
• XCMG
• JCB
• Liebherr Group
• Zoomlion Heavy Industry Science & Technology Co. Ltd.
• Doosan Infracore Co. Ltd.
• Caterpillar Inc.
• Terex Corporation
• CNH Industrial
• Kobelco Construction Machinery Co.
• Material Handling Machinery
• Concrete & Road Construction Machinery
• Others
• Commercial
• Industrial
• Aftermarket
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)