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Asia Pacific Construction Equipment Market Trends

Report ID: GMI3109
Published Date: Aug 2023
Report Format: PDF

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Asia Pacific Construction Equipment Market Trends

The escalating infrastructure transformation plans, especially in Indonesia and Thailand will contribute to robust market growth. Both nations are investing heavily in projects encompassing transportation networks, energy facilities, and urban development. Additionally, the rise in government programs encouraging the use of cutting-edge and world-class machinery in construction and engineering will boost industry expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The APAC construction equipment market size is poised to witness more than 5% CAGR from 2023 to 2032, owing to the ongoing construction & infrastructure transformation activities across major countries.

Asia Pacific construction equipment market from the earthmoving & road building equipment segment is estimated to observe high demand through 2032, attributed to the rising sustainability concerns and higher adoption of environmentally friendly equipment.

India accounted for sizable revenue share of the Asia Pacific construction equipment market in 2022 and is expected to expand at over 9% CAGR from 2023 to 2032, driven by the growing investments for the development of public infrastructures.

Doosan Group, Caterpillar, Inc., J.C. John Deere, Kobelco Construction Machinery, Hitachi Construction Machinery, Liebherr, Komatsu Ltd., Sany Group, Tadano Ltd., and Terex Corporation are some of the major participants in the market.