TechNavio today launched its report, Global Heavy Construction Equipment Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”several construction equipment vendors have begun to offer equipment such as forklifts, backhoes, and wheel loaders on a rental basis. This drives the increased adoption of construction equipment by several micro, small, and medium-sized enterprises (MSMEs). Thus, the minimal payment required for the usage of the construction equipment increases its adoption rate. Therefore, the availability of construction equipment on a rental basis encourages several customers to use a wide range of construction equipment. This in turn drives the Global Heavy Construction Equipment market.”
According to the report, one of the main drivers is the need for faster infrastructural development. Currently, several end-users are increasingly adopting construction equipment because customers are insisting on faster construction of high-quality buildings.
Further, the report reveals that one of the main challenges in the market is the higher product costs that decrease the investment in construction equipment, thereby slowing down its adoption across end-users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-heavy-construction-equipment-mar…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Heavy Construction Equipment Market 2012-2016
