Construction Equipment Market Will Reach USD 192.3 Billion Globally by 2017: Transparency Market Research

Construction Equipment Market Will Reach USD 192.3 Billion Globally by 2017: Transparency Market Research PR Newswire NEW YORK, December 13, 2012 NEW YORK, December 13, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Construction Equipment Market - Global and China Forecast, Market Share, Size, Growth and Industry Analysis, 2011 - 2017," the global construction equipment market is expected to reach USD 192.3 billion by 2017 from USD 143.6billion in 2012, growing at a CAGR of 6.0% from 2012 to 2017.The earth- moving equipment segment is in a commanding position contributing about 43% to the total construction equipment market revenue in 2012. China accounted for majority of the global construction equipment consumption, with Europe at a distant second. Browse the full report at h t t p : / / w w w . t r a n s p a r e n c y m a r k e t r e s e a r c h . c o m / c o n s t r u c t i o n - e q u i p m e n t - m a r k e t . h t m l The construction equipment market is driven by factors such as growth in construction activities, emergence of lease- based equipment, and increasing government investment in infrastructure development especially in developing nations. In addition demand by companies in infrastructure and real estate is also supporting the growth of the construction equipment market.