Press release
World Construction Equipment Market: 2019 and Beyond
In the recent past, machinery has become more advanced. The advancement hasn’t left construction industry untouched, with manufacturers hard pressed to offer products that meet the continuously changing demand. Investments in R&D have risen significantly, with construction equipment becoming ‘smarter’ by the day.The global construction equipment market is likely to witness steady growth in 2019 and beyond, owing to the ample opportunities in residential, infrastructure, and non-residential sectors. Some of the key factors that are likely to fuel the demand of construction equipment worldwide include rise in the construction of multi-family houses, growing investments in the construction of metros, roads, bridges, highways, expressways, and smart cities to cater to the needs of the growing population.
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