Singapore's construction equipment market will reach 3,127 units by 2027-Ariston

2021-12-06 11:08:12 By : Mr. L Robin

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Chicago, December 2, 2021/PRNewswire/-The Singapore construction equipment market is expected to grow at a CAGR of 4.36% between 2021 and 2027.

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Singapore Construction Equipment Market-Segmentation

Singapore Construction Equipment Market-Dynamic

The Singapore government’s goal is to reduce carbon emissions by 2030. The demand for large excavators is expected to rise. Other suppliers such as Hitachi, Komatsu and Kobelco are also expected to follow the same trend and launch large excavator segments in Singapore. In addition, the Singapore construction industry has seen a surge in demand for self-driving construction machinery that can perform repetitive tasks such as welding, pouring concrete, and demolition. With the continuing trend towards intelligent systems driven by the Internet of Things and analysis of services, networks and sustainability data, the construction equipment market is transforming into a more innovative industry. For example, investment in employee training can enable Kobelco to innovate new products and technologies, thereby enhancing Kobelco’s product portfolio.

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