Global Construction Equipment Market (2020 to 2027) - Size, Share & Trends Analysis Report - ResearchAndMarkets.com
The "Construction Equipment Market Size, Share & Trends Analysis Report by Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
- The "Construction Equipment Market Size, Share & Trends Analysis Report by Product (Earth Moving Machinery, Material Handling Machinery, Concrete & Road Construction Machinery), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
- The global construction equipment market size is expected to reach USD 173.0 billion by 2027, expanding at a CAGR of 4.3% over the forecast period.
- Rising construction activities, technological development, automation, and increased importance for incorporating safety features are expected to drive the market.
- The market is highly competitive and relatively concentrated, with the top five companies dominating the market share
The top five key players in the construction equipment market are Caterpillar Inc., Komatsu, Hitachi Construction Machinery, Liebherr, and Volvo construction equipment.