MarketsandMarkets reported the construction equipment market will reach $125.4 billion and the mining equipment market will reach $134.7 billion by 2019.

The report “Construction & Mining Equipment Market by Products (Excavators, Loaders, Articulated Dump Trucks, Motor Graders, Mining Grill & Breakers, Underground Mining Machinery, and Others), classifies and defines the construction equipment market in terms of volume & value and in terms of value for mining equipment market. The report highlights potential growth opportunities in the coming years as well as covers review of the – market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects with respect to construction and Mining Equipment Market.

North America: Stable Demand for Construction and Mining Equipment

The North American region comprises of the U.S., Mexico, and Canada. Mexico is an emerging market in this region. The region is presently under a period of regional recovery and increased construction activity is expected to support the demand for construction and mining equipment. Growth is anticipated to be kept afloat by government stimulus packages, rising employment rates, increased construction activity and improvements in consumer confidence.

Europe: Slowly Reviving Market

The European region includes countries such as Germany, the U.K., France, Spain, Italy and others (Poland, Netherlands, Belgium, and Czech Republic). As a result of the global economic crisis, that has still not left Europe completely, the region reported slow growth during the review period. Infrastructure activities are expected to slow down with limited growth forecast in both non-residential and residential construction spending.

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