Construction Equipment Market to Reach $192.3B by 2017
SEP 22, 2014 - 11:02 am
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.
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