Report: Construction Equipment Market Will Grow at a CAGR of 6.0% from 2012 to 2017

The global construction equipment market is expected to reach USD 192.3 billion by 2017 from USD 143.6billion in 2012, growing at a CAGR of 6.0% from 2012 to 2017.

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According to a new market report published by Transparency Market Research "Construction Equipment Market - Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 - 2017," the global construction equipment market is expected to reach USD 192.3 billion by 2017 from USD 143.6billion 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 majority of the global construction equipment consumption, with Europe at a distant second.

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