The US heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). The key aspect that drives the growth of the US heavy-duty construction equipment market is various investments by the country’s government for the infrastructural development in the country. For instance, in 2019, the US government allocated approximately $1 trillion for the novel infrastructural development in the country. The federal administration also financed approximately $67 billion for the maintenance and refurbishment of the existing establishments. Hence, a supportive government regulatory outlook promotes the infrastructural development in the country, which is likely to expand the US heavy-duty construction equipment industry over the forecast period.
Browse the full report description of "US 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/us-heavy-duty-construction-equipment-market
Furthermore, various ongoing projects and proposed projects are also likely to create a wide scope for the growth of the market. There are various mega projects including aerospace projects, disaster cleanups, energy projects, science & spacecraft projects, and many more. Hence, this is likely to create a wide scope for the growth of the US heavy-duty construction equipment market over the forecast period. Some of the projects include National Hockey League, UBS Arena in New York; CREATE in Illinois; Sound Transit 3 Seattle in Washington; San Francisco International Airport Redevelopment in San Francisco, California; and many others.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
US 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
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