Allied Market Research recently published a report, “Heavy Construction Equipment Market by Equipment Type (Earthmoving, Material Handling, Heavy construction vehicles, and Others), Application (Excavation & Demolition, Heavy Lifting, Tunneling, Material Handling, and Recycling & Waste management), and End User (Infrastructure, Construction, Mining, Oil & Gas, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the global heavy construction equipment industry was pegged at $171.66 billion in 2019, and is projected to reach $240.49 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.
Source: prnewswire.com