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The demand for construction equipment is on the rise is a stellar need for movable tools and object within the constructions industry which in turn gives a boost to market demand. With the growth of the construction end use industry predominantly being Global demand for construction machinery on the rise 26 Apr 18 The global market for construction machinery grew by 25% in 2017 to US$88 billion, according to an analysis by Off-Highway Research. Construction Machinery Market growth, trends, forecast, and the impact of COVID-19 have been captured in this report. The construction machinery market is expected to register a CAGR of over 7.5%, during the forecast period. The report also offers the The demand for construction equipment is high from the residential construction sector owing to speeding urbanization in countries including China and India. The urbanization triggers not only the demand for residential space but also other related infrastructures such as roads, hospitals, schools, and commercial areas. Continuous construction activities worldwide are one of the major aspects that will ensure a positive influence on the demand of construction machinery in the upcoming years. Due to rapid economic growth and urbanization, several medium and large-sized metropolises are concentrating different types of constructions that will attract chief This is illustrated At its peak in 1992, the construction in figure 3. growth prevailed at 8.1% (Central Bank, The Australian Journal of Construction Economics & Building Page 93 Demand and Supply Trends and Construction Industry Development: (A Case study In the Sri Lankan Construction Industry by Chitra Weddikkara and Kapila Devapriya Fig. 2 Aug 22, 2016 Construction sites are starting to look drastically different. Where hammers, nails, and saws once got the job done, we now see 3-D mapping, digital models, and even drones on the job site. As of now, these are the best drones for sale which are being used extensively at construction sites to get clear images of the development of the project
The demand for construction equipment is on the rise
Global demand for construction machinery on the rise
Construction Machinery Market Growth, Trends, and
Construction Equipment Market Size & Share Report, 2020-2027
Construction Machinery Market Size, Share, Trends
(PDF) DEMAND AND SUPPLY TRENDS AND CONSTRUCTION
The Construction Industry Is On the Rise BOXX Vanguard