Press release
Construction Equipment Market Trends and Forcecast by 2027
The construction equipment market size is projected to grow from USD 180.4 billion to USD 223.1 billion by 2027, at a CAGR of 4.3% for the same period. The market is expected to witness growth due to the development of public-private capital investments, increase in the number of the commercial projects, and restart of the infrastructure projects sanctioned by governments after the pandemic situation.Browse 470 market data Tables and 72 Figures spread through 486 Pages and in-depth TOC on "Construction Equipment Market by Type (Excavator-Crawler & Mini; Loader-Backhoe, Skid-steer, & Wheel; Dozer, Dump Truck, Compactor, Crane), Electric Equipment, Propulsion, Power Output, Rental, Aftertreatment Device and Region - Global Forecast to 2027"
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With the growing of construction activities, the crawler excavator construction equipment segment is expected to register the growth rate of 19.4% from 2022 to 2027. Post-COVID-19 scenario, the governments of the different countries resumed the work of the halted construction projects. This has positively impacted the growth of construction equipment market. Many major players in global market like as Caterpillar (US), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co., Ltd. (Japan), Xuzhou Construction Machinery Group (China), and SANY Group (China) are focusing on developing the products for crawler excavator construction equipment segment due to the growing demand.
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