The global heavy construction equipment market size was valued at USD billion in 2016. Increased investment in the infrastructure sector is expected to drive growth over the forecast period. Heavy duty construction equipment is likely to witness high demand from the infrastructure sector owing to rise in construction activities.
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Heavy equipment is essential for construction jobs of almost any size, from home building to largescale commercial and civil projects. Earthmoving equipment covers a broad range of machines that can excavate and grade soil and rock, along with other jobs.
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In 2015, the construction and manufacturing segment, by enduse sector, constitutes a larger share in the heavy construction equipment market; this is projected to grow at a higher rate during the forecast period due to the rise in public and private investments in the infrastructure sector in the emerging economies of AsiaPacific, the Middle East, and North America.
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Jul 18, 2019· Read About AEM's Construction Sector. Association of Equipment Manufacturers. Advocacy, Trade Shows, Groups, Market Data and Safety Standards.
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The global construction machinery market is characterized by the presence of numerous international and regional players, resulting in a highly competitive market environment. Apart from the above top players, smallscale or domestic players have been accounted for a significant share of more than 50% of the market in 2018.
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