Global Heavy Construction Equipment Market Trends, Growth Forecast 2020-2027

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Global Heavy Construction Equipment
Market Trends, Growth Forecast 2020-2027
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Segments
Heavy construction equipment market size, share
trends analysis by earthmoving equipment,
material handling equipment, heavy construction
vehicles, others), by application (excavation
demolition, heavy lifting, material handling,
tunneling, transportation, recycling waste
management), by end-use (construction
manufacturing, oil gas, public works
railroad, infrastructure, mining, forestry
agriculture, others) and regional analysis report
2020-2027.
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Statistics
The global heavy construction equipment market
was valued at USD 132.52 billion in 2018 and is
anticipated to grow at a CAGR of 5.7 over the
forecast period from 2020-2027.
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Drivers
The key reasons behind this tremendous growth are
increasing residential and commercial
construction demand, stringent emission
regulations on heavy equipment, and increasing
PPP (Public-Private Partnership) in the
development of infrastructures.
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Region
The Asia-Pacific construction equipment market is
anticipated to register a CAGR of 8.52 over the
forecast period. The region holds greater than
40 construction equipment market share in 2019.
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