The heavy construction equipment market was valued at USD 204.4 billion in 2023 and is estimated at USD 233.4 billion in 2026. It is projected to reach USD 289.3 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030, according to Grand View Research. Europe led the industry with a 36.0% revenue share in 2023, while Asia Pacific is expected to grow fastest.
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