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...
Electric Construction Equipment Market Size is Projected to Reach USD 44.8 billion by 2030
The electric construction equipment market size is rapidly growing, driven by increasing concerns about sustainability and emissions reduction. As technology advances and battery capacity improves, electric construction equipment is becoming more viable and efficient for various applications.
Key Trends in the Electric Construction Equipment Market:
Growing Demand: The demand for electric construction...
Electric Construction Equipment Market Size, Industry Share | Forecast [2030]
The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% from 2023 to 2030
The market is driven by factors such as – increasing demand to minimize exhaust emissions, operational benefits such as decreased ventilation costs in underground mining & lower operating costs of electric equipment, and...