Construction, farm machinery and heavy trucks industry; a helping hand indeed

In the past, farmers had to put in so much effort just to plough a tiny piece of land. Buildings often comprised of only a single storey, as construction was hard work. However, the advent of construction and farm machinery has changed the entire scenario. Today high rise towers and plazas are as easy to make as a flick of a hand, all thanks to heavy construction machinery. Tractors and farm machinery have not only made it really easy and convenient to plough the land and plant seeds, but also increased crop yields as the seeds and fertilizers are spread more thoroughly by a machine instead of by hand.
The construction, farm machinery and heavy trucks industry has potential for a lot of growth. It has been found that heavy machines are usually quite expensive so it is quite tough for local farmers to be able to afford them. If these machines were more easily and cheaply available, local farmers would be able to get greater crop yields from their land and not only would the personal economic conditions of the farmers improve but it would also have a positive impact on the overall global economy. The construction, farm machinery and heavy trucks industry is particularly gaining benefits from recent trends in construction of multiple storey plazas and shopping malls. Also, it is noted that small companies often rent the trucks or heavy machinery that they need for that project. Rental and leasing of these machines is a much better option for these small companies as it is more economical. For more details about recent developments in the construction, farm machinery and heavy trucks industry, please visit Bidnessetc.com, the unsurpassable website for financial news and views.
The global construction, farm machinery and heavy trucks industry is huge and highly concentrated. The industry had total revenues of 163,986.5 million dollars in 2012, representing a compound annual growth rate of 3.6% between the years 2008 to 2012. The construction, farm machinery and heavy trucks industry was hit by slow economic growth after the global financial crisis that took place in 2008. Demand for construction machines fell quite rapidly in the next three years after 2008, but then it gradually started to recover. By 2012 the construction, farm machinery and heavy trucks industry was going quite well on the path of success. The tractors and rolling machines sector of the industry was the most successful in the year 2012 with revenues of approximately 22,606.7 million dollars a figure equivalent to 13.8% of the overall market value. The performance of the construction, farm machinery and heavy trucks industry is expected to accelerate, with a forecast compound annual growth rate of 6.5% for the period between years 2012 to 2017. The industry is anticipated to possess overall revenue of more than 224,282.3 million dollars by the end of the year 2017. Major players of the construction, farm machinery and heavy trucks industry include big names like Caterpillar, Hitachi, Mitsubishi, Terex, TCM, Volvo and many more. Please visit Bidnessetc.com for updates about the construction, farm machinery and heavy trucks industry.

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