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Construction Site Preparation Equipment Market Analysis

Report ID: GMI5223
Published Date: Mar 2022
Report Format: PDF

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Construction Site Preparation Equipment Market Analysis

Construction Site Preparation Equipment Market Size By Product

The walk-behind tillers segment is poised to register growth rate of around 6.5% through 2028. They are ideal for breaking up hard ground and transforming it into soft & loose soil to initiate construction work, supporting the market growth. They help the end-users in aeration of the soil to prevent the weeds from growing and removal of the stones.

Industry leaders are focusing on improving the performance of their walk-behind tillers to increase their customer retention rate as well as share. Companies, such as VST Tillers Tractors Ltd. and Mantis (Schiller Grounds Care, Inc.), are establishing strategic partnerships with technology providers to improve the efficiency and reduce the maintenance costs of their walk-behind tillers.

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The construction site preparation equipment market size in North America is anticipated to reach nearly USD 500 million by 2028 led by the presence of established players in the region along with their focus on new product innovations. Supportive government initiatives for economic development and industrialization at a significant pace are boosting market revenue.

The governments of the U.S. and Canada are heavily investing in development activities to improve the GDP as well as employment rate, improving the market representation. The rising expansion activities of transportation and logistics sectors are creating a significant demand. For instance, in January 2022, the Government of Canada announced a capital investment of USD 500 million for rehabilitating highways, bridges, and roads.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction site preparation equipment crossed USD 900 million in 2021 and is anticipated to register 6.5% CAGR through 2028 driven by the increasing construction and infrastructure development activities at the global level.

The walk-behind tillers market is estimated to exhibit a CAGR of 6.5% through 2028 owing to their extensive deployment in breaking up hard ground and the promotion of soil aeration.

North America market is expected to cross a valuation of USD 500 million until 2028 considering the presence of established market players and their high focus on product innovations.

Major companies in the industry are Honda Motor Company, Little Beaver Inc., BCS America, Inc., Ground Hog, Inc., General Equipment Company, and others.