Global Construction Equipment Market Projected to Surpass $236.9 Billion by 2031

According to the latest report by Meticulous Research®, the construction equipment market is expected to exceed $236.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. This growth is fueled by increased government investment in construction and infrastructure projects and a growing need to enhance efficiency, productivity, and safety.