Elevating Efficiency: Construction Equipment Growth Forecast

The Construction Equipment Market, valued at US$ 180.2 billion in 2022, is projected to grow at a CAGR of 4.26% from 2023-2028, reaching US$ 231.53 billion by 2028 (Stratview Research). Asia-Pacific dominates the market, reflecting rapid urbanization and infrastructure development in the region. This growth forecast underscores the industry's pivotal role in driving efficiency and innovation in construction projects worldwide.