The global construction equipment market is expected to reach $192.3 billion USD by 2017 from $143.6 billion USD in 2012, growing at a CAGR of 6.0% from 2012 to 2017. The earth-moving equipment segment is in a commanding position, contributing about 43% to the total construction equipment market revenue in 2012. China accounted for the majority of the global construction equipment consumption, with Europe at a distant second.
The “Construction Equipment Market – Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 – 2017” report provides in-depth analysis, market size estimates, market shares and forecast for the period 2011– 2017 for the construction equipment market across the globe. The report analyzes four regional markets, namely the U.S., Europe, Asia and RoW, with special focus on China, for construction equipment based on product types.
The construction equipment market is driven by factors such as growth in construction activities, emergence of lease-based equipment, and increasing government investment in infrastructure development especially in developing nations. In addition, demand by companies in infrastructure and real estate is also supporting the growth of the construction equipment market.