DUBLIN, January 14, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/n4dvkh/construction) has announced the addition of the "Construction Equipment Market in the APAC Region 2015-2019" report to their offering.
Growth in equipment rentals is one such trend. The construction equipment industry being capital-intensive, many small firms are unable to invest heavily in advanced equipment so many vendors offer equipment on a rental basis. This is expected to lead to increased adoption of construction equipment.
According to the report, one of the major drivers fueling the growth of the market is the increased investment in infrastructure projects. Rapid urbanization in APAC demands high investment in developing infrastructure such as highways, railroads, and ports, which leads to increased demand for construction equipment.
Further, the report states that changing customer needs is one of the major challenges. Regardless of customer usage of construction equipment, manufacturers have to create features such as reduced carbon emissions, equipment which can be used only for light construction work, and fuel efficiency, which are value additions to customers.
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.
- Hitachi Construction Machinery
- Volvo Construction
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Key leading countries
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/n4dvkh/construction
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