The Asia-Pacific heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 7.0% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies that substantially contribute to the growth of the Asia-Pacific heavy-duty construction equipment industry. The key aspect that drives the growth of the Asia-Pacific heavy-duty construction equipment market is the ongoing constructional activities in the major economies of the region such as India and China. China and India are considered as the key economies supporting the market growth in the region over the forecast period.
Browse the full report description of "Asia-Pacific Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment, Material Handling Equipment, and Other Heavy-Duty Construction Equipment), By Applications (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/asia-pacific-heavy-duty-construction-equipment-market
Some of the ongoing and proposed construction activities include Todtown in Shanghai; Sky Mile Tower in Tokyo; Delhi Mumbai Industrial Corridor area from Delhi to Mumbai inIndia; KL River City in Kuala Lumpur; Forest City in Johor Bahru; Iskandar Malaysia in Johor Bahru among many others. Similarly, there are various ongoing projects including aerospace projects, disaster cleanup, energy projects, spacecraft projects among many others. Hence, these aforementioned factors are likely to drive the growth of the Asia-Pacific heavy-duty construction equipment market over the forecast period.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
Asia-Pacific Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
By Industry
Asia-Pacific Heavy-Duty Construction Equipment Market – Countries Covered