Asia Pacific construction equipment demand will grow from being worth US$55 billion in 2018 to US$80 billion by 2025, while construction equipment shipments are expected to grow at a compound annual growth rate (CAGR) of over 4% from 2019 to 2025, according to a new Global Market Insights (GMI) report.
Technological advancements, such as integration of intelligent machine parts, enhanced ropes, and automated machine functions, are, says the GMI report, also contributing to Asia Pacific (APAC) constructio