United States Construction Equipment Market Size, Share, Report 2022-2028
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the United States construction equipment market is estimated to grow at a CAGR of 6% during the forecast period of 2022-2028. The growing demand for construction equipment in this region is being fueled by increased construction activities for infrastructural development as a result of government and private investment. Furthermore, increased demand for residential facilities is emerging as a significant driver of the construction equipment industry in the United States. However, high cost of construction equipment may act as a huge restraining factor for the market growth. Increasing Maintenance and Refurbishing Activities of Buildings As the number of commercial and residential buildings in the United States grows, so does the need for regular maintenance to keep them safe to live and work in. As a result, building owners and contractors sp...