Construction Equipment: Industry Forecast & Analysis

The Construction Equipment Market, valued at US$ 180.2 billion in 2022, is poised for steady growth, with a projected CAGR of 4.26% from 2023-2028, reaching US$ 231.53 billion by 2028 (Stratview Research). Asia-Pacific emerges as the dominant region in this sector. With advancements in technology and increasing infrastructure projects worldwide, demand for construction equipment continues to rise. From excavators to cranes, innovation drives efficiency and productivity.