Asia's Infrastructure Boom Drives Surge in Demand for Construction Equipment

NEW DELHI--September 16, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With rapid economic development and rising infrastructure projects in Asia, the region has established itself as a global hub for construction activities. As a result, there is an increased demand for construction equipment such as excavators, loaders, cranes, and other earthmoving equipment, which are extensively used in several construction projects spanning from roads and bridges to commercial buildings and large industrial projects. Industrial Info is tracking about 117 active capital spending projects with spending worth US$6.85 billion for the manufacturing of construction equipment in Asia.