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North American Construction Vehicle Market to Reach $26B

April 08, 2015, 06:43 AM
Filed Under: Construction

Research and Markets announced the addition of the "North America Construction Vehicles Market Forecast and Opportunities, 2020" report to their offering.

According to Research and Markets North America Construction Vehicles Market Forecast & Opportunities, 2020 report, the North America construction vehicles market is anticipated to reach over $26 billion by 2020.

Growth in construction industry, easy financing options, government initiatives aimed at increasing private investments in the infrastructure sector, and diverse product offerings are expected to boost North American construction vehicles market over the next five years. Global manufacturers competing in the market are increasingly investing in research and development to introduce better products and gain competitive advantage. Construction vehicle manufacturers are also increasingly starting their own rental divisions in the region to increase their revenues.

Increasing construction activities are expected to surge the demand for construction vehicles in North America over the next five years. North America construction vehicles market has also been witnessing various technological developments, which have helped increase the effectiveness and efficiency of construction vehicles, and are expected to further drive growth in construction vehicles market in the region.

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