Heavy Construction Equipment Market Share, Size, Trends and Global Forecast
The heavy construction equipment market is projected to grow from USD 190.3 billion in 2022 to USD 252.4 billion by 2028, at a CAGR of 4.8% during the forecast period. Heavy construction equipment is specialized machinery that weighs more than 12 metric tons and performs specific construction or demolition work. The equipment is transportable, semi-permanent, or permanent, and is primarily used for...
At a CAGR of 7.0% – Heavy Construction Equipment Market is Projected to Grow up to $180.66 Billion By 2021
The report “Heavy Construction Equipment Market by Type (Earthmoving, Material Handling, Heavy Construction Vehicles), End-Use Industry (Construction & Manufacturing, Public Work & Rail Road, Mining), Application, and Region – Global Forecast to 2021″, The heavy construction equipment market size is estimated to grow from USD 121.46 Billion in 2015 to USD 180.66 Billion...
Heavy Construction Equipment Market Driven by Infrastructural Demands
Heavy equipment is heavy-duty vehicles that are used for executing construction tasks and various earthwork operations. Heavy construction equipment generally comprises several equipment systems including structure, traction, power train, implement, control and information. These vehicles are directly used in capital intensive projects. Infrastructural developments across the world are contributing...
Reasons Why Heavy Construction Equipment Market is Thriving in APAC Region
Majority of construction activities depend on heavy equipment. These machineries reduce the time, energy and efforts in construction, which saves essential labor and human energy. The global heavy construction equipment market has a great potential to support developing economies and the development of infrastructure. It is also the reason why the industry is making great progress in developing regions...