Heavy Construction Equipment Market Segmentation and Competitive Landscape Analysis
The heavy construction equipment market is projected to grow up to USD 252.4 billion by 2028, at a CAGR of 4.8% during the forecast period. Heavy construction equipment is specialized machinery that weighs more than 12 metric tons and performs specific construction or demolition work. The equipment is transportable, semi-permanent, or permanent, and is primarily used for earthmoving, lifting containers or materials, drilling holes in earth or rock, and in concrete and paving applications.
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