The global construction equipment market reached a value of US$ 172.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 239.3 Billion by 2027, exhibiting a CAGR of 5.45% during 2022-2027. According to the latest report by IMARC Group, titled “Construction Equipment Market : Global Industry Share, Trends, Size, Growth, Opportunity and Forecast 2022-2027”, The global construction equipment market size reached a US$ 172.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 239.3 Billion by 2027, exhibiting a CAGR of 5.45% during 2022-2027. Report Metric Historical: 2016-2021 Base Year: 2021 Forecast Year: 2022-2027 Construction equipment, also known as heavy equipment, is designed to perform construction-related activities. It includes pavers, scrapers, generators, pile drivers, concrete mixers, off-highway haulers and trucks, and compactors and rollers. Construction equipment is used to perform different functions such as haul
Market Research | Business Consulting | Consumer Insights