Asia Pacific Construction Equipment Market Outlook, 2025

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Updated on Feb 15, 2021

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The continuously growing economic strength of the region have been reflected by the increasing need for better infrastructure and the region emerging as a key target for global infrastructure investment. Also, the growing economy in the region have attracted more people towards it and thus increasing a demand for housing and commercial buildings. Apart from construction purpose, the machineries used in the road construction have gained an immense popularity in the region especially in China, which is expected to show a market growth of more than 7% in the forecasted period. According to the report published by Bonafide Research titled 'Asia Pacific Construction Equipment Market Outlook, 2025' provides a complete insight about the performance of the various construction machineries in the market with respect to the application in the region. The increasing investment by the public and private players in the market has led to introduction of smart city concept, making the Asia Pacific a region with high growth opportunities. The smart cities include the development of residential buildings, commercial buildings, and transportation (metros). These high-end and big-size projects require intense labour force and heavy construction equipment. Even though these projects involve a lot of material transporting and handling, the reach of autonomous material handling machineries is limited due to the easy availability of labours at a cheaper rate. By means of application, the earth moving equipment rule the market attributing to the constantly improving need of residential and commercial buildings, supported with the infrastructural development, which is attracting a number of private investments. The concrete and road machinery market is the most profitable segment in the Asia Pacific region, expected to reach a USD 12.64 Billion, while growing with a CAGR of more than 8%. Apart from the major countries, the contribution of the other smaller countries in the region is immense in the region. This segment has grown over years, owing to the constant development in those countries and has contributed nearly more than 30% to the total market share of the Asia Pacific construction equipment market. Considering the individual country, Japan rules the Asia Pacific market for construction equipment, which is to lose its dominance to China by the forecasted period. The India construction equipment market has shown a considerable growth over the years with the highest growth rate in individual country terms. The companies are now focusing more on improvising their market strategies by involving internet into their regular marketing approaches. With the market scope being global, the companies are taking considerable action in increasing their dealership network globally. On the other hand, the region fights the threats of grey market and an increasing favour for the used equipments.
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