Bharat Book Bureau Provides the Trending Market Research Report on “North America Construction Equipment Market Outlook, 2025” under Heavy Industry Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

In North America, the construction industry is a primary contributor to the overall economy and is anticipated to grow more in the forecasted period. The need for the economical prosperity has channelled the finances towards the manufacturing of the construction equipments, leading it to grow in the future. The overall construction industry in North America is estimated to grow to USD 1792.6 Billion by the year of 2024, which gives an ample of scope for the construction machine marketers to commence into the region’s market.

The report named ‘North America Construction Equipment Market Outlook, 2025' shows a complete analysis of the regions performance in terms of the overall construction equipment sales. The construction equipment market is not wholly spread in the region and is highly concentrated over only certain major regions. Even though the region is considered to be highly developed, the demand for the large scale earth moving equipments are increasing constantly. It is the world’s largest dozer and grader market in volume terms; more than other major emerging markets, where such equipment would be expected to be sold in large numbers for new-build infrastructure projects.

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The off road vehicles and the heavy equipments used for heavy operations tasks such as lifting, material handlings, excavation and others are mainly driven by residential, commercial and the industrial development, public-private partnership and global economic growth. The construction equipment market is to witness a substantial growth owing to rising investments in the construction sectors by private and the public players. Upswing in the number of large scale projects such as mining, road transportation, and port building, construction in oil and gas sectors have led to the surge in demand for excavators. The construction equipment rental services and the offsite construction are one of the major emerging trends that allow the users meet their requirement and get maximum utilization without heavy capital investments.

The CAGR of the North America remains much unaffected when compared to the other regions. With the constant fluctuation in the market, the CAGR remains under 5% over the period. The major share of the region comes from the US, which occupies more than 60% of the market. Following the US is Canada and Mexico, both expected to have an increase in the near future. On consideration of the application of the equipment, the earthmoving equipment leads the region by reaching a market value of more than USD 18 Billion.

MAJOR COMPANIES PRESENT IN THE MARKET
Caperpillar Inc, Hitachi Constructions, JCB Ltd , John Deere Ltd , Komatsu Ltd, Terex Corporation, Volvo Construction Equipment

REGIONS COVERED:
• United States
• Canada
• Mexico
• Rest of North America

The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the construction equipments and its purposes regionally.

ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2014-19)
• Market Size By Value for the time period (2020-2025)
• Market Share by Application (2019 & 2025)
• Market Share by Machine Type (2019 & 2025)
• Market Share by Country (2019 & 2025)

The Approach Of The Report:
We keep an eye on evolving markets and try to evaluate the potentials in the product and services. If we found the market interesting, we start working on it and create the desired table of content considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personals, company owners, dealers, distributors & end-users. Once the questionnaires have been finalized, we start collecting the primary data (majorly through phone calls) and try to understand the market dynamics with regional/tier wise. This process gives us in-depth detail of the market including all present companies, the top-performing product with reasons why they dominate; we get the details of new players and their innovative approach and market trends, dynamics, and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. By this, we get a rough estimate of the market and start checking existing product price variant, trade, production, raw material scenario, policies and regulatory landscape, etc.

Then to finalize the market, we start collecting financials of each player present in the market including limited, private limited, and LLPs. Moreover, we perform cross-industry, cross-region analysis of the product, and based on collected primary inputs and using statistical modeling we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but giving more weight age to primary inputs.

At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, and PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validates the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in strategic recommendations’ for new as well as the existing players. The QC team then checks the overall report that includes spell check, data verification and makes the same dispatch ready and error-free.

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