Construction Equipment Market To Expand Industry Growth At USD 161.99 Billion By 2030
San Francisco, 25 May 2022: The Report Construction Equipment Market Size, Share & Trends Analysis Report By Product (Earth Moving Machinery, Machine Handling Machinery, Concrete And Road Construction Machinery), By Region, And Segment Forecasts, 2022 - 2030 The global construction equipment market size is projected to reach USD 161.99 billion by 2030, registering a 3.9% CAGR from 2022 to 2030, according to a new study by Grand View Research Inc. Increasing investments by governments worldwide for developing public infrastructure is one of the prime factors that is expected to drive the market growth over the forecast period. Furthermore, the growing population in emerging economies such as India has resulted in increased residential and commercial construction activities, a trend that is expected to continue to increase the demand for construction equipment. Thus, the market is anticipated to grow steadily over the forecast period. Favorable government initiatives are expecte