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The construction machinery market size is forecast to increase by USD 37.3 billion at a CAGR of 3.78% between 2023 and 2028. The growth of the market depends on several factors, including the increased investment in infrastructure, the expanding manufacturing and distribution facilities, and the new product launches. The market is witnessing strong expansion, fueled by growing investments in infrastructure and environmentally friendly initiatives in response to urbanization trends. Governments globally are dedicating significant funds to enhance road infrastructure and support large-scale projects such as the 2022 FIFA World Cup in Qatar, which is driving construction activity in the off-highway sector. This uptick in demand coincides with a transition toward autonomous and electric construction equipment, utilizing advancements like autonomous vehicle tech and lithium-ion batteries. Rental firms are progressively embracing economical machinery and battery-operated equipment to address changing needs while managing regulatory requirements. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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