According to a new report published by Allied Market Research, titled, ‘Latin America Heavy Construction Equipment Market by Equipment, Application, and End User: Opportunity Analysis and Industry Forecast, 2014-2022’, the Latin America heavy construction equipment market size was valued at US$4.31 billion in 2016, and is projected to reach $6.39 billion by 2022, growing at a CAGR of 6.8% from 2016 to 2022.