ResearchAndMarkets.com is now offering the report titled “Comparative SWOT & Strategy Focus, 2024-2027” which focuses on the world’s top 10 construction and mining equipment manufacturers. These include Caterpillar, Komatsu, Volvo, CNH, Hitachi, John Deere, Sandvik, Kobelco, Hyundai-Doosan Infracore (HDI), and Liebherr.
The global construction equipment market experienced its peak demand in 2021 but saw a decline in 2022 and 2023. It is projected to undergo a slight decrease in equipment sales in 2024 across most major markets. Factors such as high capital costs and government investments in infrastructure development impact market trends. While the U.S. market is expected to experience a soft landing, Europe and China may see drops in equipment sales. Conversely, India’s construction sector is on the rise due to sustained infrastructure investments.
Manufacturers and retailers are adjusting production and inventory levels while promoting technology-intensive equipment to enhance efficiency and offset labor shortages. However, global economic growth faces challenges, including monetary policy tightening and geopolitical tensions such as conflicts in the Middle East and the Russia-Ukraine war.
The report provides a comprehensive analysis of the top 10 OEMs, including their financial performance, SWOT analysis, and strategic focus. It delves into market trends, emerging technologies, and growth opportunities. Additionally, it offers forecasts for the global construction equipment market from 2024 to 2027.
For more information on this report, visit ResearchAndMarkets.com.
