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The construction and mining equipment market size is forecast to increase by USD 66.60 billion at a CAGR of 6.77% between 2023 and 2028. The market's growth is driven by several key factors, including the expansion of construction and mining equipment manufacturing and distribution facilities to meet the rising demand for heavy machinery. Increasing investments in infrastructure projects further boost the need for advanced equipment to support construction activities. This market includes equipment used in mining applications such as underground mining, drilling, mineral processing equipment, and coal or metal extraction. Additionally, the introduction of new equipment highlights the industry's focus on innovation and technological advancement. As these sectors progress, there is a greater emphasis on improving operational efficiency and productivity through the adoption of modern equipment. Commercial telematics enables real-time monitoring of equipment performance, fuel consumption, and maintenance requirements. In raw material transportation, vehicles are being digitally optimized to enhance efficiency.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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