Lifting equipments: All you need to know

A new report from Allied Market Research estimates that the global construction equipment industry was worth $201.9 billion in 2021, and will grow to $322 billion by 2031, at a CAGR of 4.8 percent. While the earthmoving segment currently controls two-fifths of the industry, the report predicts that the lifting and material handling segment will record the highest growth rate through 2031, at a CAGR of 7.1 percent, driven by growth in overseas trade.

In India, in addition to the port sector, growth in the construction and logistics sector can drive growth in the lifting and material handling equipment segment.

Construction Equipments - Related Products

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