Construction Equipment Market Worth 116.20 Billion USD and Mining Equipment Market Worth 136.03 Billion USD by 2021

Jul 11, 2016, 07:30 ET from MarketsandMarkets

PUNE, India, July 11, 2016 /PRNewswire/ --

The report "Construction and Mining Equipment Market by Construction Equipment Type, Construction Application, Mining Equipment, Mining Application, and by Region (Asia-Pacific, North America, Europe, and ROW) - Global Trends and Forecast to 2021", The market is projected to grow at a CAGR of 4.11%, to reach a market size of USD 116.20 Billion by 2021, while the Mining Equipment Market is projected to grow at a CAGR of 6.42%, to reach USD 136.03 Billion by 2021.

     (Logo: )

Browse 93 market data Tables and 65 Figures spread through 200 Pages and in-depth TOC on "Construction and Mining Equipment Market"

Early buyers will receive 10% customization on this report. 

Asia-Pacific: The largest and fastest-growing market for construction and mining equipment 

The Asia-Pacific region includes key countries such as China, Japan, and India. The Construction and Mining Equipment Market in the region is expected to grow at a promising CAGR, owing to the increasing number of infrastructural projects and revised government regulations on mining. Robust economic growth, coupled with the growing population and rapid urbanization, will likely boost construction activities across the Asia-Pacific region.

"Growing infrastructure industry to drive the Construction Equipment Market" 

The growth of the infrastructure industry is expected to drive the Construction Equipment Market. This growth can be attributed to upcoming construction projects around the globe, primarily in developing nations. Additionally, major upcoming events, such as the 2016 Olympics in Brazil and the 2018 World Cup in Russia, will likely drive the demand for construction equipment.

"Surface mining equipment to be the largest segment of the Mining Equipment Market" 

The surface mining equipment segment is projected to dominate the Mining Equipment Market during the forecast period. The high demand for surface mining equipment can be attributed to the benefits offered by this equipment, such as its user-friendly nature and ability to perform multiple operations in mining activities.

The Construction and Mining Equipment Market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Caterpillar Inc. (U.S.), Hitachi Ltd. (Japan), and Joy Global Inc. (U.S.). Joy Global Inc. has acquired a number of assets, including the dump truck and rock drilling product lines, of Mining Technologies International Inc. (Canada) for approximately USD 51.0 Million.

Make an Inquiry:

Browse related reports: 

Engine Market for Off-Highway Vehicle by Power Output (HP) (Construction: <100, 101-200, 201-400, >400; Agriculture: <30, 31-50, 51-80, 81-140, >140), Capacity (<5L, 5.1L-10L, >10L), Fuel Type (Diesel, Gasoline & Others), & by Region - Forecast to 2020

Agriculture Equipment Market by Region & Propulsion (Self-propelled & Implements); Self-propelled Equipment Market, by Type; Implements Market, by Function (Harvesting, Planting & Fertilizing, Haying, and Plowing & Cultivating) - Forecast to 2019

Know More About our Knowledge Store @

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @

SOURCE MarketsandMarkets