The construction equipment attachment market size is poised to expand 1.3X in terms of value, and is foreseen to progress at a CAGR of 2.4% during the forecast period (2020 to 2030). Construction equipment is a specially built machine used to carry out construction operations along with attachments that allow the base machine to perform a variety of tasks on a job site. Different construction equipment attachments are used for different functions across industries such as construction, mining, agriculture and forestry, manufacturing, etc., for variety of jobs, depending on the work at hand.
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Construction Equipment Attachment Market Insights by Attachment
The most popular category in the construction equipment attachment market is compact track loaders, with the largest market share. Skid steers are the second-most attractive equipment, and are anticipated to experience healthy growth by 2020. Various equipment types involve different types of attachments, depending on the type of equipment used. There are several types of attachments such as augers, hammers, buckets, blades, dozer dozers, and pallet forks, among others, available in the construction equipment attachment market.
Manufacturers are investing significantly in research & development of new attachments that have high strength, durability, and increase the efficiency ofconstruction equipment. Increasing adoption of automation in construction machines has led to demand for advanced attachment tools that reduce operational costs and increase worker safety.
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Buckets are the most common attachment segment across all equipment machines, which includeskid steer loaders, compact track loaders, mini excavators, and telescopic handlers. Buckets have a range of applications, including digging, removal, cleaning, etc. Buckets are a must for a wide range of jobs, and account for the highest share of all equipment attachments available on the market.
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The Construction Equipment Attachment market report answers important questions which include:
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