Construction Site Preparation Equipment Market Analysis by Trends, Forecasts and Regions
Category: #business  By Rahul Varpe  Date: 2022-11-25
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Construction Site Preparation Equipment Market Analysis by Trends, Forecasts and Regions

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manufacturers across key regions is likely to accelerate market expansion over the forecast period.

Burgeoning infrastructure expansion plans from the private sectors across key regions have augmented industry adoption over the past few years. Furthermore, to accommodate the mounting demand for construction site preparation equipment, industry participants have actively been employing gainful strategies, which has positively impacted the overall business outlook.

For instance, in February 2021, VST Tillers Tractors Limited, an India-based manufacturer of agricultural multipurpose tractors and tillers, entered into a technical partnership with Monarch Tractors, a leading manufacturer of automated, electric, and smart tractors, to co-develop the hardware for tractors. According to the deal, both firms have agreed to collaborate on the technical development for Monarch Tractor’s first Series in the compact tractor category.

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To cite another instance, in February 2021, STIHL Inc., a U.S.-based manufacturer of outdoor power tools, such as trimmers, construction tools, blowers, and brushcutters, launched its first battery-powered professional trimmer, dubbed the STIHL 135 professional battery platform. The STIHL AP Battery Series provides professional-grade power that may be used for a variety of tasks. The FSA 135 and FSA 135 R provide professional users an energy-efficient and low-maintenance solution with excellent power run times and durability, owing to a commercial-grade brushless motor.

Similarly, in June 2021, Chicago Pneumatic, a prominent industrial manufacturer of power tools, generators, hydraulic equipment, and air compressors, launched its novel cordless connected torque wrench, dubbed the CP86 Series. The CP86 Series includes four models designed for bolting applications in the construction, wind turbines, energy, heavy-duty vehicles, mining, off-road equipment, oil & gas pipelines, and railway industries.

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The construction site preparation equipment market has been segregated on the basis of product and region. From the product point of view, the market has further been classified into handheld augers, walk-behind tillers, and handheld trimmers. The construction site preparation equipment industry share from the handheld augers sub-segment is projected to grow at a significant CAGR over the review timeline to reach a notable valuation by the end of 2028. Increasing number of expansion plans from the private sector is likely to fuel segmental expansion through the assessment period.

On the regional front, the Middle East & Africa construction site preparation equipment market is speculated to showcase robust development over the study timeframe owing to supportive government initiatives for smart city and commercial constructions in the region.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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