Report ID: SQMIG20G2027
Report ID:
SQMIG20G2027 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
There is fierce competition among major players in the global used construction equipment market as they compete for market share. Due to their broad product offerings, strong brand names, and vast distribution networks, well-established market players like Caterpillar, Komatsu, and Volvo Construction Equipment continue to rule the market. Regional participants are particularly important since they provide services and knowledge specific to the area. Online marketplaces for the purchase and sale of old equipment are offered through well-known e-commerce sites like MachineryTrader and IronPlanet. Technological advances, equipment quality, pricing, and customer service are some of the elements that influence the competitive dynamics of this industry. As sustainability gains importance, companies are focusing on eco-friendly equipment and efficient resource utilization. The emergence of rental and leasing options further diversifies the competition, requiring participants to adapt to changing customer preferences and digitalization trends to maintain a competitive edge.
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Report ID: SQMIG20G2027