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SELBYVILLE, Del., May 27, 2021 /PRNewswire/ Global Market Insights Inc. has recently added a new report on the construction equipment market which estimates the market valuation for construction equipment will cross US$ 155 billion by 2027. The market is anticipated to show significant growth owing to the rising development and construction of residential and commercial infrastructures globally. The increasing demand and deployment of construction equipment to reduce the labor cost and manual efforts are also contributing to the market growth.
Construction Equipment Market size is set to surpass USD 155 billion by 2027, according to a new research report by Global Market Insights, Inc.