Increased investment in infrastructure and an increase in the number of smart cities are likely to boost the Construction Equipment Market in APAC| Forecast for 2023-2027|Technavio

Rising investment in infrastructure, the increase in the number of smart cities, and the increasing residential and commercial construction activities are generating huge demand for infrastructure projects across the world, thus pushing the expansion of the Construction Equipment Market in APAC. It is estimated Construction Equipment Market will exhibit growth at a CAGR of CAGR of 5.09% between 2022 and 2027 along with  USD 19,239.15 million in revenue growth.

When it comes to the core companies of the Construction Equipment Market in APAC AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Epiroc AB, Guangxi LiuGong Machinery Co. Ltd., Hitachi Ltd., Hyundai Construction Equipment Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Kubota Corp., Larsen and Toubro Ltd., and Atlas Copco are some of the major market participants which come with a wide range of offerings. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Snapshot of Construction Equipment Market in APAC

As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the construction equipment market in Apac

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the construction equipment market in APAC growth during the next five years
• Precise estimation of the construction equipment market in APAC size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the construction equipment market in apac industry across 
• A thorough analysis of the market’s competitive landscape
• Comprehensive details of factors that will challenge the growth of the construction equipment market in APAC.