Paving and Concreting Equipment Market to Grow at 11.72% CAGR to 2017-2021

The report, Global Paving and Concreting Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

March 10, 2017 /MarketersMedia/ —

The paving and concreting equipment market report considers the revenue generated from the sales of paving and concreting equipment. Paving and concreting equipment are used to perform tasks such as paving, grading, compacting, concreting, and supply and mixing of concrete on the construction site. Paving and concreting equipment find applications in the infrastructure, building, and realty sector.

Complete report on paving and concreting equipment market spread across 77 pages, analyzing 5 major companies and provides 50 data exhibits is now available at http://www.reportsnreports.com/reports/857397-global-paving-and-concreting-equipment-market-2017-2021.html .

The analysts forecast the global paving and concreting equipment market to grow at a CAGR of 11.72% during the period 2017-2021. Construction companies are increasingly demanding eco-friendly machinery to reduce their carbon footprint and improve fuel efficiency. Hence, paving and concreting equipment manufacturers globally are focusing on the development of sustainable and eco-friendly equipment because of increased environmental and energy issues.

According to the paving and concreting equipment market report, skyscrapers, along with many ultra-high-rise buildings (more than 300 meters), are increasingly being built in many large and medium-sized cities across the world due to rapid urbanization and economic growth. These buildings act as local landmarks and attract popular domestic and foreign enterprises. Therefore, such large-scale construction of high-rise projects will propel the demand for paving and concreting equipment globally.

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The market is characterized by the presence of a considerable number of vendors and is dominated by several regional and international players. Vendors usually compete on the basis of technological expertise and focus on providing attractive after-sales services to improve their revenue shares. To improve their market positions, vendors are increasingly investing in designing, planning, developing, branding, and expanding existing facilities and are also increasingly focusing on acquiring new players to enhance their customer base.

Further, the report states that with the growth of the construction sector, manufacturers of paving and concreting equipment need to cater to changing customer needs. Customers demand customizable equipment that do not require air pressure maintenance, can be easily mounted, are damage resistant, provide better operator comfort, and prevent operator fatigue.

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Release ID: 176808