Despite the surge in interest rates and widespread recessionary fears, demand for advanced equipment and solutions remains robust as industries rapidly embrace new methods of conducting business and try to increase efficiency.
Driven by factors such as increasing government initiatives like the Bipartisan Infrastructure Law, rapid globalization, increasing infrastructure construction in developing countries, and population growth as well as urban migration, the global construction equipment market is projected to grow at a CAGR of 6.6% to reach around $222.14 billion by 2028.
