The increase in demand for material transportation equipment is evident due to the continued growth of construction and mining industry across the world. Developments in material handling equipment technology in developed and developing countries are promoting the use of advanced payload equipment at construction and mining sites. The increase in public-private partnership projects is increasing the demand for material strollers to transport material to construction sites. For example, the Indian government has planned to build six-lane highways to connect metropolises with other cities.
According to the new report released by Fact.MR, the global hardware buggy market is expected to exceed a valuation of US $ 230 million by 2021, and is expected to increase at an impressive CAGR of around 7% during the forecast period of 2021 to 2031.
The following information and assessments are worth knowing for any market player, helping them to determine the prevailing dynamics and future trajectories of the automotive market. They are part of the estimates of opportunities in different segments. The additional new opportunities have transformed the buggy hardware market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers to investment.
The research report published by Fact.MR on the Hardware Strollers Market provides a detailed overview of the demand and consumption of various product / service associated with the growth dynamics of the market during the forecast period 2021 to 2031. The Thorough estimation of the market of the various opportunities in the segments are expressed in volume and revenue. The information and analysis on the hardware buggy market spans several pages. These are covered in many sections including, Drivers and Constraints, Challenges and Opportunities, Regional Segmentation and Opportunity Assessment, End-Use / Application Outlook Analysis and l assessment of the competitive landscape.
The demand for material strollers in China is increasing, due to their small structure and chain mobility, which makes it easier to load and unload materials at mine sites. Besides the mining sector, the growth of public-private partnerships in China is also a driver. In 2019, the Chinese government saw more than 400 projects registered under public-private partnerships; more than 130 projects concerned urban infrastructure and the rest concerned agriculture, forestry, water conservation, social development, transport and environmental protection.
The Chinese market is expected to grow at a CAGR of around 11.5% during the forecast period, with absolute dollar opportunity for East Asian countries expected to be US $ 34 million by 2021 to 2031.
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Regional analysis includes
- North America (United States, Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic , etc.), Rest of Europe
- CIS and Russia
- Asia-Pacific excluding Japan (Greater China, India, South Korea, ASEAN countries, rest of APEJ)
- Middle East and Africa (GCC countries, Turkey, Iran, Israel, South Africa, rest of MEA)
The report covers a comprehensive analysis on:
- Market segments
- Market dynamics
- Market size and demand
- Current trends / issues / challenges
- Competition and companies involved
- Value chain
The global Motor Vehicle market report offers detailed assessments and quantitative assessments that illuminate many key aspects that have shaped its evolution during the historical period. In the years to come, some of the key aspects that will shape the growth prospects over the forecast period are objectively addressed in the study.
Some significant questions that the Transportation Equipment Market report attempts to comprehensively answer are:
- Key strategic moves of various hardware buggy market players over the past few years with respect to product launches, transactions and mergers, mergers and acquisitions, and divestment of shares
- What strategies will allow major players in the hardware buggy market to expand their geographic footprint
- What new business models are expected to change the course of growth of key regional markets in the near future
- Which technologies will see the most attractive research investments and which will be the main sources of funding for startups and new entrants
- Which product segments in recent years have seen lucrative new application areas
Benefits of the Fact.MR study
Fact.MR has gradually established itself as one of the leading market research companies around the world. Our unique, methodical and up-to-date approach to creating high-quality market reports ensures that reports include relevant market information. In addition, our team of analysts spares no effort while maintaining market reports in line with our clients’ requirements.
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