Expert's advice for Construction Machinery Market Report 2016 - Global Market Trends Market size Share Growth Market Effect Factors Analysis Forecast 2017 to 2022 by Acute Market Reports
Heavy Construction Equipment Industry Overview: The global heavy construction equipment market is expected to reach $193 billion by 2022 growing at a CAGR of 7.6% from 2016-2022. Heavy construction equipment are vehicle used for construction tasks such as mining, lifting, material handling and excavation. The heavy construction equipment market is mainly driven by residential, commercial and industrial development, increasing public-private partnership and global economic growth. There are various types of heavy construction equipment available in the market, however choosing the right type of construction equipment is imperative. While selecting heavy construction equipment, industries focus on parameters such as the complexity of the project, material, cost, quality, time, and safety. Improved involvement in private sector, tremendous growth in real estate sector, improved economic conditions, and residential & commercial infrastructure set-up in emerging econom