Construction Equipment Attachment Market 2020 to 2030 Explore Future Growth With
Posted by sachi kaushik on March 24th, 2021
Demand for construction equipment will increase over the coming years as government spending on infrastructure development projects in developed and developing countries is rising, which is expected to drive the growth of the global construction equipment attachment market. Furthermore, government initiatives to build bridges, dams, railways, and highways as part of the creation of smart cities in areas of energy, mobility and government will increase demand for building equipment, further boosting demand for construction equipment attachments.
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The global construction equipment attachment market is poised to expand at a value CAGR of 2.4%, and is expected to create an absolute dollar opportunity of US$ 1.4 Bn over the forecast duration of 2020-2030.
Key Takeaways from Construction Equipment Attachment Market Study
“The COVID-19 pandemic has hit the construction equipment attachment market hard on the demand side, causing a decline in sales. Post pandemic, increase in government spending on new projects coupled with increasing spending in construction activities is predicted to open new growth avenues for players in the construction equipment attachment market,” says a Fact.MR analyst.
Industry Players Focusing on Product Launches to Stimulate Growth
Key players in the construction equipment attachment market are Caterpillar Inc., Komatsu Ltd., Doosan Corporation, Volvo Construction Equipment, Kubota Corporation, CNH Industrial N.V, Hitachi Construction Machinery, Wacker Neuson SE, Paladin Attachments, and others. Prominent manufacturers are focusing on acquisitions and partnerships in order to broaden their customer base and gain a competitive edge over other players. For instance,
Find More Valuable Insights on Construction Equipment Attachment Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global construction equipment attachment market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the construction equipment attachment market based on attachment (skid steer loaders [buckets, augers, grapples, hammers, dozer blades, snow pushers, snow blades, pallet forks, breakers, sweepers, quick couplers, planers, backhoes, and graders], compact track loaders [buckets, augers, grapples, hammers, dozer blades, snow pushers, snow blades, pallet forks, breakers, sweepers, quick couplers, planers, backhoes, and graders], mini excavators [buckets, augers, grapples, breakers, rippers, pallet forks, and quick couplers], telescopic handlers [buckets, augers, grapples, pallet forks, sweepers, snow pushers, snow blades, trenchers, dozer blades, and quick coupler) and sales channel (OEMs and aftermarket), across six major regions.
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About the Authorsachi kaushik
Joined: January 19th, 2021
Articles Posted: 120
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