Hybrid Construction Equipment Market Share

  • Report ID: 2957
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Hybrid Construction Equipment Market Share

Regionally, the global hybrid construction equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in the North America industry is set to account for largest revenue share by 2036, on the back of constantly rising construction activities in the region. The United States is the largest construction market in the world, with expenditure amounting to more than USD 1 billion. As of 2020, the construction industry holds over 4% of the GDP in the U.S. Moreover, the rising migration to urban areas and infrastructural development of sub-urban areas is projected to generate opportunities for the market growth.

 Asia Pacific market is anticipated to witness significant CAGR during the forecast period, owing to the surge in urbanization backed by the migration

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Author Credits:  Shweta Patidar


  • Report ID: 2957
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Worldwide increase in infrastructure development activities along with rising environmental awareness are some of the major factors driving the market growth.

The market is anticipated to attain a noteworthy CAGR over the forecast period, i.e., 2021-2029.

High price of hybrid construction equipment is one of the major factors estimated to hamper the market growth.

The market in North America will provide the highest growth opportunities throughout the forecast period on the back of rising construction activities in the region.

The major players in the market are Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., Komatsu Ltd., Deere & Company, AB VOLVO, Kobelco Construction Machinery Co. Ltd., Takeuchi Mfg. Co. Ltd., Cummins Inc., SANY Group, and others.
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