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Lucintel Projects Global Construction Equipment Industry to Reach US $117 Billion by 2017
Lucintel Projects Global Construction Equipment Industry to Reach US $117 Billion by 2017.
Irving, Texas (PRWEB) October 20, 2012
The global construction equipment industry is forecast to grow to revenue of approximately US $117 billion by 2017, accelerated by the increase in building and non-building construction spending as well as new technological development by manufacturers. Advancement of technology is leading to the introduction of highly efficient equipment, forcing the competitors in this market to reach for new levels of differentiation.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the construction equipment players and the current trends of the industry and presents its findings in “Global Construction Equipment Manufacturing Industry 2012-2017: Trend, Profit and Forecast Analysis.” The report provides an overview of the construction equipment industry, studies the manufacturers serving this segment, and highlights the market size, profit, and cost structure for North America, Europe, Asia Pacific, and Rest of the World. The report also provides forecasts addressing market opportunities in each region.
Lucintel's study reveals certain challenges faced by the industry. The industry was severely affected by the global economic crisis and influenced manufacturers of construction equipment in traditional large markets, dropping crane sales sharply, as many end users could not secure financing for purchases. The industry witnessed decline in gross profit margin due to increased manufacturing costs such as material and freight expenses, higher steel costs, and a rise in R&D expenses.
Lucintel's report projects that the industry witnessed reasonable growth, driven by the growing construction manufacturing activities and technological development and advancement, which enhanced the industry. The emerging economies performed strongly in the construction equipment industry due to the impact of economic stimulus packages and developed exports because of upgraded social infrastructure.
This study is intended to provide industry leaders with a competitive benchmarking of the global construction equipment manufacturers. The study provides current information on the market share, profit margins, capabilities, and strategies of the leaders. The report helps current suppliers realistically assess their capabilities against leading competitors. It is designed to provide executives with significant competitor information, analysis, and insights for effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com
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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10019179.htm
2012-10-20 17:22:26
Source: http://www.prweb.com/releases/prweb2012/10/prweb10019179.htm
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