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A significant construction equipment market trend observed is the ongoing shift from traditional construction equipment to automated construction equipment. Therefore, the consumer is retrofitting and renovating old technology. In order to increase productivity across the construction industry, the prominent and strong players are effectively

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Construction Equipment Market Statistics 2027. The global construction equipment market size is expected to reach $261,047 million in 2027, from $184,500 million in 2019, growing at a CAGR of 4.3% from 2020 to 2027.

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The AsiaPacific construction equipment rental market dominated the global market, with a market share of 36.70% in 2018. AsiaPacific is one of the largest markets that witnessed a boom in construction and infrastructural development, because of the growing emphasis by governments on developing infrastructure for a sustainable economy.

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