The global construction equipment market is expected to show a compound annual growth rate (CAGR) of 7.7 percent from 2014 - 2020. The market size is currently valued at $142.1 billion  and is expected to reach a value of $221.7 billion  by the end of the forecast period, according to a new report, "Global Construction Equipment Market - Segmented by Type, Application and Geography - Market growth, size and forecast 2015-2020".

The global market is witnessing decent growth based on heavy investments done in the infrastructure recreation to accommodate smart residential and commercial buildings. The emerging markets of South America and Asia-Pacific are witnessing strong demand for heavy construction equipment and are witnessing large investments in these regions.

The report elucidates the construction equipment market across the world. This report was created after an extensive study of the market based on the types of equipment.  The three major classifications of types of equipment are material handling equipment, earthmoving equipment and heavy construction vehicles.

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