Construction Machinery Attachment - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Construction Machinery Attachment Market is expected to growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling the market growth include increase in construction projects like malls, multiplexes, and hotels, increase in number of smart city projects, increase in urbanization and the government spending on projects. However, high cost of construction equipment is likely to hamper the market.
Attachments for construction equipment allow the base machine to do multiple tasks on a job site. Common carriers include skid steers, excavators, and backhoe loaders. Also referred to as work tools, they attach to the base machine using a coupler or quick coupler.
By equipment type, Grapplers are the ideal material handling option for hydraulic excavators. Two independent-action hydraulic-powered grapples pick up and grip different-sized objects. Ample grapple opening enables large payloads. On the basis of geography, Asia Pacific region is anticipated to have considerable market growth during the forecast period, due to improving socio-economic conditions in emerging economies. The region consists of two major developing nations in the world i.e. China and India, there are changing socio-economic factors in these countries. Also, these countries alone make 36% of the world’s population and the region makes it around 60% of the world’s population. These factors gave rise need for development of big airports, malls, energy projects and many other big construction projects.
Some of the key players in construction machinery attachment market include Hyundai Construction Equipment, JCB, John deere, Volvo construction equipment, Komatsu, Kubota, Liebherr group, Case Construction Equipments, Sany Group, and Caterpillar Inc.
Equipment Types Covered:
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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