According to projections from a Research and Markets report, the global construction equipment market will show a compound annual growth rate (CAGR) of 7.7% from 2014 to 2020.

The market size is currently valued at $142.1 billion and is expected to reach a value of $221.7 billion by the end of the forecast period.

The global market is witnessing decent growth based on heavy investments in infrastructure recreation to accommodate smart residential and commercial buildings. In addition, the emerging markets of South America and Asia-Pacific are witnessing strong demand for heavy construction equipment.

The report from Research and Markets elucidates the construction equipment market across the world. This report was created after a study of the market based on types of equipment.