The global heavy construction equipment market has been forecasted to reach $90.4 billion by 2025 according to a new report published by Grand View Research.
The report claims that increased investment in infrastructure has been one of the main reason for growth.
Developing Asian countries, such as India, Malaysia and Indonesia have observed a considerable uplift in heavy construction activity.
Companies such as Komatsu Ltd; Volvo; Caterpillar Inc.; and Hitachi Construction Machinery, are expected to remain key market players.
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