Construction Equipment Market Report 2022-27: Industry Size, Share, Trends & Forecast
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 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. 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 toperform different functions such as hauling, drilling, paving, grading,excavating, and digging. Presently, several players are focusing on improving the fuel consumption of construction equipment owing to several environmental con...