Building & Construction Market Research News

Global construction equipment market to grow at a CAGR of 8.0% from 2016 to 2024 insights shared in detailed report

Construction Market Research

The global market for construction equipment was valued at USD 130 Billion for 2016. It is expected to grow at a CAGR of 8% during the forecast period and reach a market size of USD 240 Billion by 2024.

According to Goldstein Research, global Construction equipment market is expected to reach USD 240 billion by the end of 2024 from USD 130 billion in 2016, growing at a CAGR of 8.0%. The growing construction industry, rising government expenditure on construction projects and successful partnership of private players and government including the equipment renting/leasing are the major driving factors driving the growth of global construction equipment market.

Global Construction equipment industry Make an Inquiry about this news segmentation has been done on the basis of product type, provider type, end-use industry and geography. Earthmoving equipment accounts for largest market share for its high demand across major kinds of construction activities and leads to higher cost effectiveness.