May 02, 2022 05:28 ET | Source: Research and Markets Research and Markets
Dublin, May 02, 2022 (GLOBE NEWSWIRE) -- The "China Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The construction equipment market in China is estimated to grow at a CAGR of 4.17% by 2028 In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this China Construction Equipment Strategic Assessment and forecast Market Report This report considers the present scenario of the construction equipment market and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the UAE construction equipment market.
CHINA CONSTRUCTION EQUIPMENT MARKET SEGMENTATION
By 2028, the material handling equipment segment in China is estimated to grow at a CAGR of 3.15%. Shift to prefabricated construction is driving demand for cranes. It is estimated that 30% of newly constructed buildings in China will be prefabricated by 2030 as Chinese infrastructure developers are majorly adopting the prefab construction techniques.
The key players in the China construction machinery market are XCMG Group, SANY Group, Zoomlion Heavy Industry Science & Technology Co. Ltd., Caterpillar, Komatsu Group, Volvo Construction Equipment, Hitachi, Ltd., Liebherr Group, KUBOTA Corporation, JCB, Lingong Group Jinan Heavy Machinery Co., Ltd. (LGMG), Hyundai Doosan Infracore, Kobelco Construction Machinery, Sumitomo Heavy Industries Ltd., and Fayat Group.
XCMG Group, Caterpillar, Volvo, Komatsu Group, SANY Group, and Zoomlion Heavy Industry Science & Technology Co. Ltd. are market leaders that accounted for nearly ~85% of the overall construction equipment market share in 2021.
WHY SHOULD YOU BUY THIS REPORT?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:
Key Topics Covered: Section 1 - Introduction
For more information about this report visit https://www.researchandmarkets.com/r/4wxdze