Demolition Equipment Manufacturing
The industry's performance is closely tied to the construction market, as property developments often involve demolishing existing buildings and structures and cleaning up sites to make way for new construction. During the downturn, the collapse of the real estate market crippled the construction and demolition markets, causing downstream construction industries to purchase less demolition equipment. A growing economy and rising construction activity will likely result in a corresponding rise in demand for demolition and demolition equipment, driving industry growth over the five years to 2022.
This industry manufactures machinery and attachments for the destruction and removal of buildings and other structures. Industry products include backhoes, breakers, buckets, clamshells, cranes, dozers, excavators, forklifts, grapples, hammers, hoe rams and shears. Products are segmented among three major groups: vehicles and machines; equipment; and separately sold parts and attachments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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