Global Used Construction Equipment Supply, Demand and Key Producers, 2023-2029

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Published Date: 13 Jan 2023

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
Product Tags

Description

The global Used Construction Equipment market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

This report studies the global Used Construction Equipment demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Used Construction Equipment, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Used Construction Equipment that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Used Construction Equipment total market, 2018-2029, (USD Million)
Global Used Construction Equipment total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Used Construction Equipment total market, key domestic companies and share, (USD Million)
Global Used Construction Equipment revenue by player and market share 2018-2023, (USD Million)
Global Used Construction Equipment total market by Type, CAGR, 2018-2029, (USD Million)
Global Used Construction Equipment total market by Application, CAGR, 2018-2029, (USD Million)
This reports profiles major players in the global Used Construction Equipment market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Caterpillar, Komatsu, Volvo Construction Equipment, Hitachi Construction Machinery, Kubota, Kobelco, SANY, Xuzhou Construction Machinery Group and Zoomlion, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Used Construction Equipment market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Used Construction Equipment Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Used Construction Equipment Market, Segmentation by Type
    Earthmoving Equipment
    Road Construction Equipment
    Material Handling Equipment

Global Used Construction Equipment Market, Segmentation by Application
    Construction
    Manufacturing
    Mining
    Others

Companies Profiled:
    Caterpillar
    Komatsu
    Volvo Construction Equipment
    Hitachi Construction Machinery
    Kubota
    Kobelco
    SANY
    Xuzhou Construction Machinery Group
    Zoomlion
    Liebherr

Key Questions Answered
1. How big is the global Used Construction Equipment market?
2. What is the demand of the global Used Construction Equipment market?
3. What is the year over year growth of the global Used Construction Equipment market?
4. What is the total value of the global Used Construction Equipment market?
5. Who are the major players in the global Used Construction Equipment market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Used Construction Equipment Introduction
    1.2 World Used Construction Equipment Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Used Construction Equipment Total Market by Region (by Headquarter Location)
        1.3.1 World Used Construction Equipment Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Used Construction Equipment Market Size (2018-2029)
        1.3.3 China Used Construction Equipment Market Size (2018-2029)
        1.3.4 Europe Used Construction Equipment Market Size (2018-2029)
        1.3.5 Japan Used Construction Equipment Market Size (2018-2029)
        1.3.6 South Korea Used Construction Equipment Market Size (2018-2029)
        1.3.7 ASEAN Used Construction Equipment Market Size (2018-2029)
        1.3.8 India Used Construction Equipment Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Used Construction Equipment Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Used Construction Equipment Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Used Construction Equipment Consumption Value (2018-2029)
    2.2 World Used Construction Equipment Consumption Value by Region
        2.2.1 World Used Construction Equipment Consumption Value by Region (2018-2023)
        2.2.2 World Used Construction Equipment Consumption Value Forecast by Region (2024-2029)
    2.3 United States Used Construction Equipment Consumption Value (2018-2029)
    2.4 China Used Construction Equipment Consumption Value (2018-2029)
    2.5 Europe Used Construction Equipment Consumption Value (2018-2029)
    2.6 Japan Used Construction Equipment Consumption Value (2018-2029)
    2.7 South Korea Used Construction Equipment Consumption Value (2018-2029)
    2.8 ASEAN Used Construction Equipment Consumption Value (2018-2029)
    2.9 India Used Construction Equipment Consumption Value (2018-2029)

3 World Used Construction Equipment Companies Competitive Analysis
    3.1 World Used Construction Equipment Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Used Construction Equipment Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Used Construction Equipment in 2022
        3.2.3 Global Concentration Ratios (CR8) for Used Construction Equipment in 2022
    3.3 Used Construction Equipment Company Evaluation Quadrant
    3.4 Used Construction Equipment Market: Overall Company Footprint Analysis
        3.4.1 Used Construction Equipment Market: Region Footprint
        3.4.2 Used Construction Equipment Market: Company Product Type Footprint
        3.4.3 Used Construction Equipment Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Used Construction Equipment Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Used Construction Equipment Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Used Construction Equipment Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Used Construction Equipment Consumption Value Comparison
        4.2.1 United States VS China: Used Construction Equipment Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Used Construction Equipment Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Used Construction Equipment Companies and Market Share, 2018-2023
        4.3.1 United States Based Used Construction Equipment Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Used Construction Equipment Revenue, (2018-2023)
    4.4 China Based Companies Used Construction Equipment Revenue and Market Share, 2018-2023
        4.4.1 China Based Used Construction Equipment Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Used Construction Equipment Revenue, (2018-2023)
    4.5 Rest of World Based Used Construction Equipment Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Used Construction Equipment Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Used Construction Equipment Revenue, (2018-2023)

5 Market Analysis by Type
    5.1 World Used Construction Equipment Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Earthmoving Equipment
        5.2.2 Road Construction Equipment
        5.2.3 Material Handling Equipment
    5.3 Market Segment by Type
        5.3.1 World Used Construction Equipment Market Size by Type (2018-2023)
        5.3.2 World Used Construction Equipment Market Size by Type (2024-2029)
        5.3.3 World Used Construction Equipment Market Size Market Share by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Used Construction Equipment Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Construction
        6.2.2 Manufacturing
        6.2.3 Mining
        6.2.4 Others
        6.2.5 Others
    6.3 Market Segment by Application
        6.3.1 World Used Construction Equipment Market Size by Application (2018-2023)
        6.3.2 World Used Construction Equipment Market Size by Application (2024-2029)
        6.3.3 World Used Construction Equipment Market Size by Application (2018-2029)

7 Company Profiles
    7.1 Caterpillar
        7.1.1 Caterpillar Details
        7.1.2 Caterpillar Major Business
        7.1.3 Caterpillar Used Construction Equipment Product and Services
        7.1.4 Caterpillar Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 Caterpillar Recent Developments/Updates
        7.1.6 Caterpillar Competitive Strengths & Weaknesses
    7.2 Komatsu
        7.2.1 Komatsu Details
        7.2.2 Komatsu Major Business
        7.2.3 Komatsu Used Construction Equipment Product and Services
        7.2.4 Komatsu Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 Komatsu Recent Developments/Updates
        7.2.6 Komatsu Competitive Strengths & Weaknesses
    7.3 Volvo Construction Equipment
        7.3.1 Volvo Construction Equipment Details
        7.3.2 Volvo Construction Equipment Major Business
        7.3.3 Volvo Construction Equipment Used Construction Equipment Product and Services
        7.3.4 Volvo Construction Equipment Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Volvo Construction Equipment Recent Developments/Updates
        7.3.6 Volvo Construction Equipment Competitive Strengths & Weaknesses
    7.4 Hitachi Construction Machinery
        7.4.1 Hitachi Construction Machinery Details
        7.4.2 Hitachi Construction Machinery Major Business
        7.4.3 Hitachi Construction Machinery Used Construction Equipment Product and Services
        7.4.4 Hitachi Construction Machinery Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Hitachi Construction Machinery Recent Developments/Updates
        7.4.6 Hitachi Construction Machinery Competitive Strengths & Weaknesses
    7.5 Kubota
        7.5.1 Kubota Details
        7.5.2 Kubota Major Business
        7.5.3 Kubota Used Construction Equipment Product and Services
        7.5.4 Kubota Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 Kubota Recent Developments/Updates
        7.5.6 Kubota Competitive Strengths & Weaknesses
    7.6 Kobelco
        7.6.1 Kobelco Details
        7.6.2 Kobelco Major Business
        7.6.3 Kobelco Used Construction Equipment Product and Services
        7.6.4 Kobelco Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 Kobelco Recent Developments/Updates
        7.6.6 Kobelco Competitive Strengths & Weaknesses
    7.7 SANY
        7.7.1 SANY Details
        7.7.2 SANY Major Business
        7.7.3 SANY Used Construction Equipment Product and Services
        7.7.4 SANY Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 SANY Recent Developments/Updates
        7.7.6 SANY Competitive Strengths & Weaknesses
    7.8 Xuzhou Construction Machinery Group
        7.8.1 Xuzhou Construction Machinery Group Details
        7.8.2 Xuzhou Construction Machinery Group Major Business
        7.8.3 Xuzhou Construction Machinery Group Used Construction Equipment Product and Services
        7.8.4 Xuzhou Construction Machinery Group Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Xuzhou Construction Machinery Group Recent Developments/Updates
        7.8.6 Xuzhou Construction Machinery Group Competitive Strengths & Weaknesses
    7.9 Zoomlion
        7.9.1 Zoomlion Details
        7.9.2 Zoomlion Major Business
        7.9.3 Zoomlion Used Construction Equipment Product and Services
        7.9.4 Zoomlion Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.9.5 Zoomlion Recent Developments/Updates
        7.9.6 Zoomlion Competitive Strengths & Weaknesses
    7.10 Liebherr
        7.10.1 Liebherr Details
        7.10.2 Liebherr Major Business
        7.10.3 Liebherr Used Construction Equipment Product and Services
        7.10.4 Liebherr Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023)
        7.10.5 Liebherr Recent Developments/Updates
        7.10.6 Liebherr Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Used Construction Equipment Industry Chain
    8.2 Used Construction Equipment Upstream Analysis
    8.3 Used Construction Equipment Midstream Analysis
    8.4 Used Construction Equipment Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Used Construction Equipment Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Used Construction Equipment Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Used Construction Equipment Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Used Construction Equipment Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Used Construction Equipment Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Used Construction Equipment Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Used Construction Equipment Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Used Construction Equipment Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Used Construction Equipment Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Used Construction Equipment Players in 2022
    Table 12. World Used Construction Equipment Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Used Construction Equipment Company Evaluation Quadrant
    Table 14. Head Office of Key Used Construction Equipment Player
    Table 15. Used Construction Equipment Market: Company Product Type Footprint
    Table 16. Used Construction Equipment Market: Company Product Application Footprint
    Table 17. Used Construction Equipment Mergers & Acquisitions Activity
    Table 18. United States VS China Used Construction Equipment Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Used Construction Equipment Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Used Construction Equipment Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Used Construction Equipment Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Used Construction Equipment Revenue Market Share (2018-2023)
    Table 23. China Based Used Construction Equipment Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Used Construction Equipment Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Used Construction Equipment Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Used Construction Equipment Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Used Construction Equipment Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Used Construction Equipment Revenue Market Share (2018-2023)
    Table 29. World Used Construction Equipment Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Used Construction Equipment Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Used Construction Equipment Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Used Construction Equipment Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Used Construction Equipment Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Used Construction Equipment Market Size by Application (2024-2029) & (USD Million)
    Table 35. Caterpillar Basic Information, Area Served and Competitors
    Table 36. Caterpillar Major Business
    Table 37. Caterpillar Used Construction Equipment Product and Services
    Table 38. Caterpillar Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. Caterpillar Recent Developments/Updates
    Table 40. Caterpillar Competitive Strengths & Weaknesses
    Table 41. Komatsu Basic Information, Area Served and Competitors
    Table 42. Komatsu Major Business
    Table 43. Komatsu Used Construction Equipment Product and Services
    Table 44. Komatsu Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. Komatsu Recent Developments/Updates
    Table 46. Komatsu Competitive Strengths & Weaknesses
    Table 47. Volvo Construction Equipment Basic Information, Area Served and Competitors
    Table 48. Volvo Construction Equipment Major Business
    Table 49. Volvo Construction Equipment Used Construction Equipment Product and Services
    Table 50. Volvo Construction Equipment Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Volvo Construction Equipment Recent Developments/Updates
    Table 52. Volvo Construction Equipment Competitive Strengths & Weaknesses
    Table 53. Hitachi Construction Machinery Basic Information, Area Served and Competitors
    Table 54. Hitachi Construction Machinery Major Business
    Table 55. Hitachi Construction Machinery Used Construction Equipment Product and Services
    Table 56. Hitachi Construction Machinery Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Hitachi Construction Machinery Recent Developments/Updates
    Table 58. Hitachi Construction Machinery Competitive Strengths & Weaknesses
    Table 59. Kubota Basic Information, Area Served and Competitors
    Table 60. Kubota Major Business
    Table 61. Kubota Used Construction Equipment Product and Services
    Table 62. Kubota Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. Kubota Recent Developments/Updates
    Table 64. Kubota Competitive Strengths & Weaknesses
    Table 65. Kobelco Basic Information, Area Served and Competitors
    Table 66. Kobelco Major Business
    Table 67. Kobelco Used Construction Equipment Product and Services
    Table 68. Kobelco Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. Kobelco Recent Developments/Updates
    Table 70. Kobelco Competitive Strengths & Weaknesses
    Table 71. SANY Basic Information, Area Served and Competitors
    Table 72. SANY Major Business
    Table 73. SANY Used Construction Equipment Product and Services
    Table 74. SANY Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. SANY Recent Developments/Updates
    Table 76. SANY Competitive Strengths & Weaknesses
    Table 77. Xuzhou Construction Machinery Group Basic Information, Area Served and Competitors
    Table 78. Xuzhou Construction Machinery Group Major Business
    Table 79. Xuzhou Construction Machinery Group Used Construction Equipment Product and Services
    Table 80. Xuzhou Construction Machinery Group Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 81. Xuzhou Construction Machinery Group Recent Developments/Updates
    Table 82. Xuzhou Construction Machinery Group Competitive Strengths & Weaknesses
    Table 83. Zoomlion Basic Information, Area Served and Competitors
    Table 84. Zoomlion Major Business
    Table 85. Zoomlion Used Construction Equipment Product and Services
    Table 86. Zoomlion Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 87. Zoomlion Recent Developments/Updates
    Table 88. Liebherr Basic Information, Area Served and Competitors
    Table 89. Liebherr Major Business
    Table 90. Liebherr Used Construction Equipment Product and Services
    Table 91. Liebherr Used Construction Equipment Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 92. Global Key Players of Used Construction Equipment Upstream (Raw Materials)
    Table 93. Used Construction Equipment Typical Customers
List of Figure
    Figure 1. Used Construction Equipment Picture
    Figure 2. World Used Construction Equipment Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Used Construction Equipment Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Used Construction Equipment Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Used Construction Equipment Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Used Construction Equipment Revenue (2018-2029) & (USD Million)
    Figure 13. Used Construction Equipment Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Used Construction Equipment Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Used Construction Equipment Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Used Construction Equipment by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Used Construction Equipment Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Used Construction Equipment Markets in 2022
    Figure 27. United States VS China: Used Construction Equipment Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Used Construction Equipment Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Used Construction Equipment Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Used Construction Equipment Market Size Market Share by Type in 2022
    Figure 31. Earthmoving Equipment
    Figure 32. Road Construction Equipment
    Figure 33. Material Handling Equipment
    Figure 34. World Used Construction Equipment Market Size Market Share by Type (2018-2029)
    Figure 35. World Used Construction Equipment Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 36. World Used Construction Equipment Market Size Market Share by Application in 2022
    Figure 37. Construction
    Figure 38. Manufacturing
    Figure 39. Mining
    Figure 40. Others
    Figure 41. Used Construction Equipment Industrial Chain
    Figure 42. Methodology
    Figure 43. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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