Heavy Construction Equipment Market Growth 2033

The global heavy construction equipment market size reached USD 144.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 214.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.25% during 2025-2033. Infrastructure development projects, technological advancements, government regulations regarding emissions and safety standards, the trend towards rental services, adoption of renewable energy projects, recovery of the construction industry, and expansion of mining activities contribute to market growth.

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