The global heavy construction equipment market was valued at approximately USD 204.41 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. This growth is primarily driven by ongoing urbanization, an increasing population that heightens the demand for housing solutions, and continuous infrastructure improvements in developing...

Heavy Construction Equipment Industry The global heavy construction equipment market size is expected to reach USD 289.3 billion in 2030 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Increased investment in infrastructure has been a major factor driving market growth.  Rise in infrastructural development around the world is the key catalyst that will propel market...

Heavy Construction Equipment Industry The global heavy construction equipment market size was valued at USD 204.41 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030. Key growth drivers for this market are unceasing urbanization, population growth leading to the growing demand for housing solutions and continuous infrastructural enhancements in developing economies. In...