The demolition equipment market is expected to grow at a 6% CAGR during the forecast period, rising from US$ 902.91 Mn in 2021 to US$ 1713.99 Mn by 2032. During the forecast period, the demolition equipment market is expected to show promising growth prospects.
Older buildings are demolished with demolition equipment that cuts steel rods, beams, and concrete slabs. Backhoe Loaders, Material Handlers, Hydraulic Excavators, Multi Terrain Loaders, Track Loaders, Skid Steer Loaders, and Track-Type Tractors, among others, can attach or operate these demolition tools remotely.
Additionally, long-heighted demolition equipment is attached to vehicles for the effective cutting of concrete walls, pillars, etc. in high rise buildings. Additionally, metal wastes are separated from the stockpile of waste using demolition equipment in order to recycle scrap.
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In developing several countries, the regional governments are taking steps forward to make smart cities and town centers, to accomplish the aim, the government is doing renovation in some cities to construct new building and also collapsing very old building by the use of demolition equipment.
Demolition Equipment Market: Dynamics
Growth in construction industries coupled with substantial initiatives towards break down of very old and useless multistory building is expected to drive the demand for demolition equipment over the coming span of the years. Furthermore, increasing number of smart city and smart building projects are also anticipate to fillip the demand for demolition equipment in the coming years. In some of the regions, some are into illegal construction of properties at government places. Therefore, the government is destroying those building by the use of demolition equipment which in turn is expected to spike the demand of demolition equipment over the coming decades.
Irrespective of demolition equipment’s advantages, it is associated to high cost. Therefore, to purchase demolition equipment the basic requirement is of funds which in turn may create headwinds in the sales growth in the demolition equipment market over the forecast period.
Now a days, advent of remotely operated demolition equipment are gaining fresh traction in the global demolition equipment market which are more powerful and can cut the concrete slab with high accuracy.
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Demolition Equipment Market: Regional Outlook
Asia pacific region is expected to hold considerable value share in the global demolition equipment market owing to increasing smart building projects coupled with rising urbanization. Europe is expected to be the second largest market for demolition equipment due to rising awareness light weight and high shock absorbing building structure which in turn shape the demand for demolition equipment in the coming years.
North America is projected to grow with addressable growth rate in the demolition equipment market due to increasing safety concerns towards multistory buildings therefore the government is making new building for various application such as residential, educational, among others. Middle East and Africa is also expected to gain relatively moderate traction in the demolition equipment market.
Demolition Equipment Market: Key Participant
Some of the market participants in the Demolition Equipment market identified across the value chain:
- Hitachi Construction Machinery Co., Ltd.
- Komatsu Europe International N.V.
- Kobelco Construction Machinery Europe B.V.
- Hughes &Salvidge Limited
- AB Volvo
- Atlas Copco (India) Ltd.
- Caterpillar
- McClung-Logan Equipment Company, Inc.
- Brokk UK Ltd
- BAUER Equipment India Pvt. Ltd (BEI)
- Soosan USA, Inc.
- Company Wrench
- Hyundai Construction Equipment India Pvt. Ltd.
The research report on the Demolition equipment market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Demolition equipment market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, technology, material, install position, sales channel, and distribution channel.
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The report covers exhaustive analysis on:
- Demolition equipment Market Segments
- Demolition equipment Market Dynamics
- Demolition equipment Market Size
- New Sales of Demolition equipment
- Current Trends/Issues/Challenges in the Demolition equipment Market
- Competition & Companies Involved in Demolition equipment
- New Technology for Demolition equipment
- Value Chain of the Demolition equipment Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Demolition equipment market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Demolition Equipment Market: Segmentation
By Product Type, Demolition Equipment Market can be segmented as:
- Buckets
- Grapples
- Hammers
- Multi Processors
- Pulverizers
- Shears
By Equipment Weight, Demolition Equipment market can be segmented as:
- 20-50 Tons
- 50-100 Tons
- More than 100 Tons
By End Use, Demolition Equipment Market can be segmented as:
- Construction
- Mining
- Road Engineering
- Government & institutional
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the Demolition equipment market
- In-depth Demolition equipment market segmentation
- Historical, current, and projected Demolition equipment market size in terms of volume and value
- Recent industry trends and developments in the global Demolition equipment market
- Competitive landscape
- Strategies of key players and products offered in the global Demolition equipment market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Demolition equipment market performance
- Must-have information for market players in Demolition equipment market to sustain and enhance their market footprint
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