Singapore Construction Equipment Market Size by Volume to Reach 3,127 Units by 2027 - Arizton
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Singapore Construction Equipment Market – Segmentation
Market Segmentation by Type
Market Segmentation by Application
Singapore Construction Equipment Market – Dynamics
Singapore's government is aiming to reduce carbon emissions by 2030. The demand for large excavators is expected to rise. Other vendors such as Hitachi, Komatsu, and Kobelco are also expected to follow the same trend and launch a large excavator segment in Singapore. Moreover, the demand for self-driving construction machinery that can perform repetitive tasks such as welding, pouring concrete, and demolition has surged in the Singapore construction industry. With the ongoing trend of switching to intelligent systems driven by IoT and data analysis for service, networking and sustainability, the construction equipment market is transitioning to become a more innovative industry. For instance, Investments in employee training can enable the Kobelco company to innovate new products and technologies, which will, in turn, enhance the product portfolio of Kobelco.
Key Drivers and Trends fueling Market Growth:
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This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of-
Major Vendors
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