Post Covid-19 Update:High Government Spending On Infrastructure To Propel The Construction Equipment Market

  • According to the new market research report “Construction Equipment Market by Equipment Type (Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Tunneling Equipment, and Other Construction Equipment), by Propulsion (Gasoline, Diesel, and Others), by Application (Infrastructure, Residential, Commercial, Industrial, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the construction equipment market is estimated to reach around USD 239.7 Billion by 2027 at a CAGR of around 5.1% during the review period
  • Increasing government investment on infrastructure is a key factor to boost the demand for the construction equipment
  • However, the high cost of construction equipment remains a major threat to market growth
  • The growing population, ongoing urbanization, rise in per capita income, and others are prime factors for growing construction activities which is resulting in higher demand for construction equipment.
  • Government are spending a huge amount on constructing major infrastructure projects such as dams and roads are driving the market growth.
  • The high cost of construction equipment is a restraining factor for the market growth.
  • Growing adoption of autonomous construction equipment is anticipated to boost the construction equipment market in the future.
  • Meeting emission & safety standards is likely to act as a challenge for market growth.
  • Asia-Pacific
  • Europe
  • AB Volvo:
  • Komatsu Ltd.:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach