Construction Equipment Market worth 199.18 Billion USD by 2025
                     MarketsandMarkets 
Presents
Construction Equipment Market worth 199.18 
Billion USD by 2025
https://www.marketsandmarkets.com/Market-Reports/construction-
mining-equipment-market-179948937.html
 
The report "Construction Equipment Market by Type (Excavator - 
Crawler and Mini, Loader - Backhoe, Skid-steer, Wheeled and 
Other Equipment), Category, Emission Regulation, 
Aftertreatment Device, Power Output, Application, Rental 
Equipment, and Region - Global Forecast to 2025“
The construction equipment market is projected to grow at a CAGR of 
4.52%, to reach a market size of USD 199.18 Billion by 2025, from an 
estimated USD 146.17 Billion in 2018. The market is driven by the 
increasing government spending on various infrastructure activities, 
development of smart cities, and changing emission regulations across 
the world.
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Browse 168 market data Tables and 53 Figures spread through 
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ction-mining-equipment.asp
 
“Tier-5 emission regulation is expected to have a significant 
impact on the construction equipment market”
Tier-5 compliant engines are projected to have the largest market share of 
construction equipment by emission regulation in 2025. The countries in 
North America such as Canada, the US, and Mexico are speculated to 
have enforced these regulations by 2025. Additionally, it is speculated 
that Japan will also follow these regulations once they are in effect. With 
the increasing focus on reducing emission from fossil fuels, regional 
emission regulation will have a significant impact on the construction 
equipment market.
“SCR is expected to be the fastest-growing segment of the 
construction equipment aftertreatment devices market”
The Selective Catalytic Reduction (SCR) aftertreatment device segment is 
projected to grow at the fastest CAGR during the forecast period. This 
growth can be attributed to the stringent emission regulation standards 
that are speculated to be in Asia Pacific, Europe, and North America 
during the forecast period.
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Asia Pacific is projected to remain the largest market for 
construction equipment over the forecast period” 
The Asia Pacific region includes key countries such as China, Japan, and 
India. The construction equipment market in this region is projected to 
remain the largest owing to the increase in infrastructural development 
projects. Population migration from rural to urban areas is another factor 
that is driving the demand for infrastructure projects in the region. 
Robust economic growth, along with increasing need for housing and 
office spaces has increased the demand for construction equipment 
across the region.
Major players covered in the construction equipment market study are 
Caterpillar (US), Komatsu (Japan), Terex (US), CNH Industrial (the 
Netherlands), Liebherr (Switzerland), JCB (UK), and Hitachi Construction 
Machinery (HCM).
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8937
 
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