Global Paving and Concreting Equipment Market to grow at a CAGR of 11.72% during the period 2017-2021
Market Research analysts forecast the global paving and concreting equipment market to grow at a CAGR of 11.72% during the period 2017-2021.
The following companies as the key players in the global paving and concreting equipment market: Caterpillar, Volvo Construction Equipment, Atlas Copco, BOMAG, and Leibherr Construction Machines
Commenting on the report, an analyst from Reports team said: Construction companies are increasingly demanding eco-friendly machinery to reduce their carbon footprint and improve fuel efficiency. Hence, paving and concreting equipment manufacturers globally are focusing on the development of sustainable and eco-friendly equipment because of increased environmental and energy issues.
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According to the report, skyscrapers, along with many ultra-high-rise buildings (more than 300 meters), are increasingly being built in many large and medium-sized cities across the world due to rapid urbanization and economic growth. These buildings act as local landmarks and attract popular domestic and foreign enterprises. Therefore, such large-scale construction of high-rise projects will propel the demand for paving and concreting equipment globally. High-rise construction projects require a wide variety of equipment such as soil compactors, concrete pumps, and concrete distribution systems for successful completion. The vertical growth of the global construction sector will fuel the demand for paving and concreting equipment worldwide during the forecast period.
Further, the report states that with the growth of the construction sector, manufacturers of paving and concreting equipment need to cater to changing customer needs. Customers demand customizable equipment that do not require air pressure maintenance, can be easily mounted, are damage resistant, provide better operator comfort, and prevent operator fatigue.
About Paving and Concreting Equipment
Paving and concreting equipment are used to perform tasks such as paving, grading, compacting, concreting, and supply and mixing of concrete on the construction site. Paving and concreting equipment find applications in the infrastructure, building, and realty sector. The equipment include compactors, pavers, and concreting systems and pumps.
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Covered in this report
The report covers the present scenario and the growth prospects of the global paving and concreting equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of paving and concreting equipment.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Paving and Concreting Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Caterpillar
Volvo Construction Equipment
Atlas Copco
BOMAG
Leibherr Construction Machines
Market driver
Vertical growth in global construction sector
For a full, detailed list, view our report
Market challenge
Adherence to strict regulatory guidelines
For a full, detailed list, view our report
Market trend
Increased demand for energy-efficient equipment
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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