𝗖𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗰𝗵𝗶𝗻𝗲𝗿𝘆 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗥𝗶𝘀𝗶𝗻𝗴 𝗚𝗹𝗼𝗯𝗮𝗹 𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀
The global construction machinery market is undergoing a transformative phase, fueled by the demand for smart, sustainable, and efficient construction solutions. According to a recent MarketsandMarkets report, the Construction & Mining Equipment Market iis projected to grow from USD 148.02 billion in 2024 to USD 186.62 billion by 2030 at a CAGR of 3.9%.
Key Growth Drivers
Urbanization &...
Construction Equipment Market Size, Share, Trends & Analysis by 2030
The construction equipment market is projected to grow from USD 148.02 billion in 2024 to USD 186.62 billion by 2030 at a CAGR of 3.9%.
The construction equipment industry is expanding in the Asia Pacific due to growing urbanization, increased infrastructure development in Asia’s emerging economies, population expansion, and rising disposable income. Technological advancements in construction...
Construction Equipment Market Qualitative Analysis by Industry Overview to 2025
The Construction
Equipment Market is projected to grow at a CAGR of 4.52% during the
forecast period, to reach a market size of USD 199.18 Billion by 2025 from an
estimated size of USD 146.17 Billion in 2018. The upcoming infrastructural
projects and increased government spending have led to an increase in
construction activities. Additionally, with the advancements in technology, the
equipment has...