Construction Equipment Market in the APAC Region 2015: Asia-Pacific Market Is Envisaged to Result in Its Impressive CAGR of More Than 17% by 2019
Construction equipment includes machines that are used to perform various tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Rapid urbanization in this region has resulted in the development of infrastructure projects such as highways, railroads, and ports. The increasing construction of such infrastructure projects is estimated to foster growth in this market during the forecast period and is envisaged to result in its impressive CAGR of more than 17% by 2019.
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