Global Heavy Construction Equipment Market Analysis 2018 Forecasts to 2027Posted by Rishikesh Kurane on June 7th, 2018 Heavy Construction Equipment Global Market – Overview Get Sample Report of Heavy Construction Equipment Market@ https://www.marketresearchfuture.com/sample_request/681 Huge investments in infrastructural projects in BRIC countries have spurred the demand for heavy construction equipment for commercial and residential purpose. Asia-Pacific region has given a tough competition to well established European and U.S. markets when it comes to heavy machinery. Increasing demand in Brazil is one of the key factors for the market growth. This is owing to the continued economic growth and political steadiness in the country. The construction companies are now focusing their attention to India for business. This is being achieved by either formation of alliances with the local players or through subsidiary companies. The buying behaviour in India is changing from “price based” to “value for money”. Moreover, the construction sector in Brazil has witnessed a good growth with the development in Brazilian economy. Infrastructural projects in the region have been steadily rising. Consequently, there is a high demand for construction equipment, which is attracting big market players to enter the region for business expansion. Recently, Hyundai Heavy Industries opened its first construction equipment factory in Brazil. The factory is estimated to have an annual production capacity of around 3,000 units. The company plans to further increase the capacity by 1,000 units over the next year. The equipment developed includes wheel loaders, backhoe loaders, and excavators. Hyundai had invested 5 million for the development of more than 6 million sq. ft. factory. The company has already received orders for 8 projects in Brazil for 500 construction equipment. Couple of these projects includes railway project in Northeast Brazil and hydroelectric power plant in the state of Para. Entry of such big players in Brazil indicates a significant demand coming for heavy construction equipment. Key Players: Caterpillar (US), Cnh Global NV (Netherlands), Doosan Infracore Ltd (South Korea), Hitachi Construction Machinery (Tokyo), Hyundai Heavy Industries Ltd (South Korea), JCB (UK), John Deere & Co (US), Kobelco Construction Machinery Co. Ltd (Japan), Komatsu Ltd (Japan), Liebherr-International Ag (Switzerland), Manitou Group (France), Manitowoc Group (US), Oshkosh Corporation (US), Sany Heavy Industries Co. Ltd (China) and Sumitomo Heavy Industries Ltd (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Heavy Construction Equipment Market. Complete Report Details of Heavy Construction Equipment Market@ https://www.marketresearchfuture.com/reports/global-heavy-construction-equipment-market-681 About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services. MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important question. In order to stay updated with technology and work process of the industry CONTACT US: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 sales@marketresearchfuture.com Like it? Share it!More by this author |