USD 50.25 Billion Growth in Self-Propelled Modular Transporter Market in North America | Trends, Drivers and Vendor Forecasts for 2022-2026

NEW YORK, Jan. 4, 2022 /PRNewswire/ -- The self-propelled modular transporter market value in North America is set to grow by USD 50.25 million from 2021 to 2026, as per the latest report by Technavio

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The market is concentrated, and the degree of concentration will decelerate during the forecast period.

The demand for construction machinery is growing due to the increasing investment in infrastructure projects across North America. The major contributors to the construction industry in North America are the US and Canada. North America is one of the largest customers for manufacturing, mining, and a variety of services. The industry is expected to be led by public investment across non-residential buildings and structures, followed by the transport and public safety sectors. The Government of Canada is committed to building and maintaining infrastructure across the country. As part of its investment in the Canada Plan, the government has allocated more than $180 billion (CAD) to critical infrastructure over the next decade. The plan includes long-awaited funding projects related to public transport, affordable housing, and the development of rural communities. Such factors will propel the demand for self-propelled modular transporters in North America during the forecast period.

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Self-propelled Modular Transporter in North America 2022-2026: Segmentation

• End-User
• Construction
• Oil Industries
• Shipyard and Offshore Industry
• Other Industries
• Geographic
• US
• Canada
• Mexico

67% of the market's growth will originate from the US during the forecast period. However, the market growth rate in this region will be slower than the growth of the market in Canada and Mexico.

The growth of construction activities will facilitate the self-propelled modular transporter market growth in the US over the forecast period. 

Detail Insights on the impact of each segment and make informed business decisions: https://www.technavio.com/talk-to-us?report=IRTNTR71783

Self-Propelled Modular Transporter Market in North America 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, the Self-propelled Modular Transporter Market in North America provides a detailed analysis of vendors operating in the market. Enerpac Tool Group Corp., Engineered Rigging, Fagioli Spa, Faymonville Distribution AG, GOLDHOFER, Mammoet, MORELLO GIOVANNI Srl, PSC Nuclear, Sarens NV, and Transporter Industry International GmbH are some of the major market participants. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

• Self-Propelled Modular Transporter Market size in North America
• Self-Propelled Modular Transporter Market trends in North America
• Self-Propelled Modular Transporter Market analysis in North America

Self-Propelled Modular Transporter Market in North America 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist self-propelled modular transporter market in North America growth during the next five years
• Estimation of the self-propelled modular transporter market in North America size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the self-propelled modular transporter market in North America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of self-propelled modular transporter market in North America vendors

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SOURCE Technavio