The global market for construction equipment is expected to reach 208.36 billion by 2020, according to a new study by Grand View Research, Inc.
Growing number of infrastructure projects on a global scale is expected to be the key driving force for the market over the next six years.
Increasing mining activities which require the use of construction equipment are also expected to positively impact the industry over the forecast period.
Technological development has led to the use of advanced machinery that offers considerable benefits over traditional mechanical equipment.
Further key findings from the study suggest:
1.) Earth moving machinery accounted for over 40% of the overall market in 2013, and is expected to remain the largest product segment over the forecast period.
2.) Material handling machinery includes crawler cranes, as well as truck mounted and trailer mounted cranes, and is expected to grow at the fastest rate of 5.7% from 2014 to 2020.
3.) Concrete mixers and pavers are expected to be the largest and fastest growing sub-segment of concrete and road construction equipment.
4.) Asia Pacific accounted for over 50% of the global market share in 2013, which can primarily be attributed to considerable revenue generation from China.
As you can see, growth is inevitable.
So when it comes to getting the used heavy equipment needed to handle the growth, EHE is the most competitive wholesaler of used heavy construction equipment, meaning we offer “true” wholesale pricing on all of our heavy equipment.
We also have partnered with law enforcement to ensure that every machine we buy and sell has a clear status.
Plus, we’re one of the only companies that implement a policy of transparency by providing market data that validates fair market values on equipment and vehicles.
Sell Smart and Buy Safe with Expert Heavy Equipment. Contact us for more information.