Global Concrete and Road Construction Equipment Market 2017 Analysis and Forecasts to 2021
MarketResearchNest.com adds “Global Concrete And Road Construction Equipment Market 2017-2021” new report to its research database. The report spread across 70 pages with table and figures in it.
Research analysts forecast the global concrete and road construction equipment market to grow at a CAGR of 3.69% during the period 2017-2021.
About Concrete and Road Construction Equipment
Concrete and road equipment are construction devices that are used to mix various ingredients to manufacture and transport concrete and are used for road construction activities. Since the early 2000s, concrete has become one of the widely used artificial stones as a road building material because of the following reasons: High compressive strength, High durability, and Resistance to extreme weather conditions.
Covered in this report
The report covers the present scenario and the growth prospects of the global concrete and road construction equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Browse full table of contents and data tables at
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Concrete and Road Construction Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global concrete and road construction equipment market: Deere, Komatsu, Caterpillar, Volvo, and Terex.
Other Prominent Vendors in the market are: ALLEN ENGINEERING, Apollo Inffratech, Astec Industries, Atlas Copco Group, BELL Equipment, BEML, CNH Industrial, Concrete Plus, Doosan Infracore, Escorts, Guangxi Liugong Machinery, Guntert & Zimmerman Const. Div., Hidromek, Hitachi Construction Machinery, J C Bamford Excavators, Kobelco Construction Machinery, LARSEN & TOUBRO, Manitou Americas, Maxmech Equipments, MBW, OJSC BELAZ, SAKAI HEAVY INDUSTRIES, Sany Heavy Industry, Sumitomo Heavy Industries, Wacker Neuson, Wright Concrete & Construction, and XCMG.
Commenting on the report, an analyst from Research team said: “One trend in the market is introduction of smart concrete materials. Smart concrete is a type of concrete that can detect shortcomings of conventional concrete and acts as a sensor in finding flaws in it. It is prepared by incorporating some changes in the preparation of the concrete mix. For example, adding 2-3 Kgs of polypropylene fibers per m3 to the high strength concrete mix increases its fire resistance.”
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According to the report, one driver in the market is increase in number of smart cities. The number of smart cities is expected to rise exponentially worldwide by 2025. It is anticipated that a total of 67 new smart cities are expected to be built during 2013-2025. This can be attributed to the increasing congestion in urban areas and major metropolitan cities. According to The World Bank, the total global urban population stood at 53.85% of the total world population in 2015. The increasing urban population has put a strain on existing urban services, such as public transport and road networks.
Further, the report states that one challenge in the market is weather and environmental conditions. Weather and environment factors play a key role while constructing concrete roads. Irregular weather conditions can delay the time at which concrete roads are constructed. In addition, extremely cold weather can create distress, such as freeze-thaw damage, scaling, and joint deterioration (spalling) in concrete pavements. Apart from the cold weather, another challenge for concrete road contractors is heavy rainfall. Concrete pavements are built on top of the existing soil in the site area.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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