Press release
World market Analysis of Construction Equipment and Forecast by 2022, Market size USD 200 billion
Construction equipment is a critical tool for all construction projects. They are used at construction sites for reducing time and labor cost. The growth for construction equipment market is driven by technological developments and their adaptations. Furthermore the infrastructural growth along with rapid urbanization is augmenting the market for the same. The largest end use market for this product is infrastructure especially in emerging markets like India, China and Brazil. Decent growth is experienced by construction equipment market because of heavy investments done in the infrastructure market with an objective of accommodating smart commercial and residential buildings. The global construction equipment market size is expected to cross USD 200 billion mark by the end of the forecasted with a reportable growth of approximately 8% by 2022.
Regional Analysis of Construction Equipment Market
The regional analysis of construction equipment market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. APAC would be the largest growing market in terms of revenue generation because of rapid industrialization and urbanization.
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