Heavy Construction Equipment Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O

The heavy construction equipment Market is likely to rebound at a promising CAGR of 5.1% in the long run to reach US$ 203.5 Billion in 2028.

Market Drivers:
Heavy construction equipment, a sizeable market, could not escape from such trends and witnessed a colossal decline in 2020 amid the pandemic, quite aligned with the decline in construction activities.
However, the industry gradually rebounded in the year 2021 with a global surge in infrastructure development projects, ranging from transportation systems to energy facilities, Rapid urbanization and population growth further intensified the need for new construction and renovation activities, driving the market for heavy equipment.