The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
This newly published and insightful report sheds light on Market Insights of Construction Telescopic Handlers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Construction Telescopic Handlers Market.
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Demand for construction equipment will increase over the coming years as government spending on infrastructure development projects in developed and developing countries is rising, which is expected to drive the growth of the global construction equipment attachment market. Furthermore, government initiatives to build bridges, dams, railways, and highways as part of the creation of smart cities in areas of energy, mobility and government will increase demand for building equipment, further boosting demand for construction equipment attachments.
The global construction equipment attachment market is poised to expand at a value CAGR of 2.4%, and is expected to create an absolute dollar opportunity of US$ 1.4 Bn over the forecast duration of 2020-2030.
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Fact.MR’s study on the construction equipment attachment market offers information divided into three key segments— attachment, sales channel, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Attachment
Sales Channel
Region
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“The COVID-19 pandemic has hit the construction equipment attachment market hard on the demand side, causing a decline in sales. Post pandemic, increase in government spending on new projects coupled with increasing spending in construction activities is predicted to open new growth avenues for players in the construction equipment attachment market,”says a Fact.MR analyst.
Key players in the construction equipment attachment market are Caterpillar Inc., Komatsu Ltd., Doosan Corporation, Volvo Construction Equipment, Kubota Corporation, CNH Industrial N.V, Hitachi Construction Machinery, Wacker Neuson SE, Paladin Attachments, and others. Prominent manufacturers are focusing on acquisitions and partnerships in order to broaden their customer base and gain a competitive edge over other players. For instance,
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More Valuable Insights on Construction Telescopic Handlers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Construction Telescopic Handlers, Sales and Demand of Construction Telescopic Handlers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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