The European market is facing an economic slowdown in the recent years due to the unusual demand. Due to the market uncertainty and sovereign debt crisis the Western European countries are facing the restraints in the growth activities but Scandinavian countries such as Denmark, Norway and Sweden are likely to be safe from this crises and uncertainty. The heavy construction equipment market is expecting ainadequate growth rate forecast in both commercial and residential spending by 2027. Also there are many planned constructions site are planning on postponing their plan due to the crises.
The spending on construction are likely to be stable and stagnant in in Western Europe with a very little growth expectations. Germany is considered to be a fasting growing region in Europe followed by Spain, Ireland, U.K, France and others. These regions will experience a decline growth rate till 2027.
In the coming years, the Eastern Europe countries such as Poland, Russia and others will be expecting positive waves of huge spending on constructions. Non- residential sector will be forecasted as the fastest growing sector.
Huge investment from Asia-Pacific and North America has created a ladder of opportunity for the European market to grown in the coming years.
Furthermore, the report offers broad analysis of industry overview of Heavy Construction Equipment which includes types, application analysis, end users, supply chain management and key regulations in various regions along with the heavy construction equipment distributor analysis.
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Industry/ Innovation/ Related News:
The key strategies followed by most companies within the Asia Pacific Heavy Construction Equipment market are that of new product development.
On May 2017, Volvo CE has unveiled electric compact excavator prototype that delivers zero emission 10 times higher efficiency, 10 times lower noise levels and reduced total cost of ownership.
On September 2016, Hitachi Construction Machinery Develops Object Detect Assist Technology for Mining Dump Trucks that will detect the obstacle when operator are driving, stopping, or starting mining dump trucks.
In 2017, Aregger AG has partnered with Liebherr Machines Bulle S.A (Switzerland) for providing customised demolition excavator. This will widen their product portfolio.
In December, 2016 – JCB India launched seven new products at Bauma ConExpo. With the launch of these products, the company positioned itself as a full range infrastructure equipment partner. Moreover, the growing construction industry has been the major reason behind this product launch. The growing construction industry has resulted in growth of heavy construction equipment market.
Scope of the Report
This market research report covers the Europe: heavy construction equipment analysis market by types, application, end users and region.
To calculate Heavy Construction Equipment Market size, we have considered revenue of top players in the market and to offer accuracy, our research is supported by industry experts who offer insight on industry structure and technology assessment, competitive landscape, penetration, emerging products and trends. Their analysis is based (80 to 85%)on primary &(15 to 20%) on secondary researchas well as years of professional expertise in their respective industries. In addition to analyze current and historical trends, ouranalysts predict where the market is headed over the next five to ten years. It varies by segment for these categories geographically presented in the list of market tables. Top-down and bottom-up are important strategies of processing the information and knowledge ordering, used in a variety of fields including humanistic, software and scientific theories and management and organization. Inpractice, they can be seen as a style of thinking, teaching, or leadership.
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