Global Heavy Construction Equipment Market 2012-2016:MarketResearchReports.biz
TechNavio's analysts forecast the Global Heavy Construction Equipment market to grow at a CAGR of 8.76 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in infrastructural development activities. The Global Heavy Construction Equipment market has also been witnessing an increase in the adoption of retrofitted construction equipment. However, the high cost of construction equipment could pose a challenge to the growth of this market.
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