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Asia Pacific Construction Equipment Market Size

Report ID: GMI3109
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Construction Equipment Market Size

Asia Pacific Construction Equipment Market size is anticipated to record 5% CAGR between 2023 to 2032, driven by the ongoing construction & infrastructure transformation activities across some major countries in the region.

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Rapid urbanization, rising population, and economic growth are accelerating the development of large-scale construction projects, such as residential complexes, commercial structures, transportation networks, and energy infrastructure. Moreover, the increasing number of favorable governmental programs and policies, such as "Make in India" and "Belt and Road Initiative" are supporting local production and global partnerships, further driving the demand for construction equipment. Additionally, the implementation of new regulations for the modernization and retrofitting of old building structures propelled by the ongoing investments will encourage the market expansion.

Asia Pacific Construction Equipment Market Report Attributes
Report Attribute	Details
Base Year:	2022
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
Historical Data for:	2018 to 2022
No. of Pages:	400
Tables, Charts & Figures:	624
Segments covered:	Demand, Product, Sales Channel and Region
Growth Drivers:	Booming construction sector in China & India Rapid infrastructure development Growing number of reconstruction and maintenance activities Increasing infrastructure transformation plans
Pitfalls & Challenges:	Lack of skilled and qualified operators Optimizing fleet utilization Lack of awareness Limited capital investments in small countries

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The APAC construction equipment market size is poised to witness more than 5% CAGR from 2023 to 2032, owing to the ongoing construction & infrastructure transformation activities across major countries.

Asia Pacific construction equipment market from the earthmoving & road building equipment segment is estimated to observe high demand through 2032, attributed to the rising sustainability concerns and higher adoption of environmentally friendly equipment.

India accounted for sizable revenue share of the Asia Pacific construction equipment market in 2022 and is expected to expand at over 9% CAGR from 2023 to 2032, driven by the growing investments for the development of public infrastructures.

Doosan Group, Caterpillar, Inc., J.C. John Deere, Kobelco Construction Machinery, Hitachi Construction Machinery, Liebherr, Komatsu Ltd., Sany Group, Tadano Ltd., and Terex Corporation are some of the major participants in the market.