The North America heavy-duty construction equipment market is anticipated to grow significantly at a CAGR of 7.0% over the forecast period (2021-2027). The US and Canada are the key economies that contribute to the growth of the North America heavy-duty construction equipment industry. The key aspect that drives the growth of the North America heavy-duty construction equipment market is the ongoing infrastructural developmental and re-developmental activities across the region. Various mega projects such as LaGuardia Airport Construction Project New York, O’Hare Airport Construction Project Illinois, Second Avenue Subway Construction Project New York, Sound Transit 3 (ST3) Construction Project Washington, and California High-Speed Rail Construction Project California among others.
Browse the full report description of "North America Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report By Machinery Type (Earth Moving Equipment, Material Handling Equipment, and Other Heavy-Duty Construction Equipment), By Applications (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/north-america-heavy-duty-construction-equipment-market
Besides, there are also various infrastructure redevelopment and renewal projects, that demand for heavy-duty construction equipment. Some of the redevelopment projects include Newark Airport Terminal One New Jersey, JFK Airport New York, San Francisco International Airport Redevelopment California, among many others. Furthermore, the government’s investments in infrastructural development in the region also support market growth. For instance, the Canadian government allocated approximately $81.2 billion for the development of commercial and public infrastructure under its ‘Invest in Canada’ initiative. Hence, the rapid expansion of the construction industry is likely to contribute to market growth in the region.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
North America Heavy-Duty Construction Equipment Market – Segmentation
By Machinery Type
o Cranes
o Loader & Backhoe
o Telescopic Handlers
o Excavators
o Others (Graders, Trencher)
o Hoists
o Conveyors
o Forklifts
o Others (Industrial Trucks)
o Concrete Mixers
o Road Rollers
o Stone Crushers
o Dumpers
o Tippers & Trailers
o Others (Slurry Seal Machines)
By Applications
By Industry
North America Heavy-Duty Construction Equipment Market – Countries Covered
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