According to a new market report published by Transparency Market Research “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017,” the global construction equipment market is expected to reach $192.3 billion by 2017 from $143.6 billion in 2012, growing at a CAGR of 6.0% from 2012 to 2017.

The earth-moving equipment segment is in a commanding position contributing about 43% to the total construction equipment market revenue in 2012, according to the report.

The construction equipment market is driven by factors such as growth in construction activities, emergence of lease-based equipment and increasing government investment in infrastructure development especially in developing nations.

To view the full Transparency Market Research report, click here.