The construction equipment machinery market will reach $170 billion by 2024 with Volvo Construction Equipment, CNH Industrial, Caterpillar Inc, and Terex Corporation being the major players in the space.
A new construction equipment machinery market study released by Global Market Insights, Inc., headquartered in Delaware indicates demand for sophisticated construction equipment machinery that reduces the overall capital investment will contribute to the construction equipment market growth.
The globally flourishing construction sector is surging the demand for high-performance machinery that aids in reducing human involvement in the construction process. The rapid growth in the number of construction activities is exerting pressure on the existing human resources.
The Asia Pacific construction equipment machinery market will witness a strong growth owing to the growing government focus toward the construction sector.
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