Construction Equipment Market Size Set to Surge to USD 508.32 Billion by 2034, CAGR 8.5%

Market Overview

Global Construction Equipment Market size and share is currently valued at USD 155.79 billion in 2023 and is anticipated to generate an estimated revenue of USD 205.05 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

Construction equipment refers to machinery used in building and civil engineering projects. The market encompasses earthmoving, material handling, road construction, and concrete equipment. With global emphasis on modernizing infrastructure and adopting mechanized construction methods, demand for advanced construction equipment is expanding across residential, commercial, and industrial sectors.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/construction-equipment-market