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Global construction machinery market size is expected to reach $477.28 Bn by 2028 at a rate of 8.8%, segmented as by product, earthmoving, material handling, building & road construction equipment<br>
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Construction Machinery Market Report 2024 Market Size, Trends and Global Forecast 2024-2033
Construction Machinery Market Segments The Business Research Company segments it’s Construction Machinery Market report as: Earthmoving, Material Handling, Building & Road Construction Equipment By Product Excavation & mining, Lifting & material handling, Earthmoving, Transportation, Other Applications By Application By End User Oil & Gas, Construction & Infrastructure, Manufacturing, Mining, Other End Users
Construction Machinery Market Statistics It will grow from $312.39 billion in 2023 to $341.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. It will grow to $477.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.8% Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers A rise in construction spending is expected to propel the growth of the construction machinery market going forward. Trends The COVID-19 outbreak acted as a major restraint on the construction machinery market during 2020. • Region Asia-Pacific was the largest region in the construction machinery market in 2023. The regions covered in the construction machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Market Players • Major players in the Construction Machinery Market are: • Caterpillar Inc • Komatsu Ltd • Volvo AB • Zoomlion Heavy Industry Science and Technology Co., Ltd • Hitachi, Ltd • And more. Get More Information On The Construction Machinery Market Report
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