| |DECEMBER 20205According to recent reports, the global Construction Equipment industry is anticipated to reach USD 162.4 Billion by 2027, growing at a CAGR of 2.8 percent during the forecast period. Major factors fuelling the growth of this market include the increase in public-private partnerships, a rise in industrial, residential, and commercial market activities, and an increase in government investments in infrastructure developments. Top players in the Construction Equipment industry are investing hugely in the R&D activities for up-gradation of the equipment with an aim to offer efficient equipment for various industries and end-users. The ongoing shift from traditional equipment to automated ones are one of the significant market trends that have been observed in this industry since customers are looking to retrofit and renovate the old technology. Intending to increase productivity across the construction industry and achieve efficiency, the strong players are hugely investing in the invention of advanced technologies to implement in developing new construction equipment.Rentals services offered by Construction Equipment companies are gaining huge traction these days since the local and regional SMEs prefer rental service business in order to establish themselves. Large construction firms are engaged primarily in various industries such as the general infrastructure, oil and gas, utility and electrical, and commercial and residential sectors to earn higher profits.In this issue, Industry Outlook brings to you the list of Top 10 International Construction Equipment Manufacturers ­ 2020 who have made their mark in this domain with their innovative product offerings and industry expertise. Having proven their dedication to quality and end-to-end addressal of customers, these companies have stood out from other players in this segment. We look forward to receiving your feedback. Sudhakar SinghEditorsudhakar.singh@theindustryoutlook.comAutomated Construction Gaining MomentumVol 2 · Issue 6-1 · December 09, 2020Publisher Alok ChaturvediEditor Sudhakar Singh Editorial Team Janifha Evangeline Samrat Pradhan Hridkamal Roy Teja Boncheruvu Art & Graphics Ashok Kumar Vetrivel S GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Mu-rugeshpalya, Bangalore-560017.Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technolo-gies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, pho-tography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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