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With a market share of around 10%, the United States is currently the second largest construction market in the entire world. According to a new Global Construction report, the volume of construction output will increase by 85% to an incredible $15.5 trillion. Alongside the U.S. will be China and India, the other largest markets, and these three countries will make up for roughly 57% of global construction growth.

The global study is the fourth in a series of worldwide market r . . .

Our company offers new and used construction equipment for sale in Michigan, and as a result it's our job to become intimately familiar with the various heavy equipment manufacturers of the world. Compared to most other industries, it's a relatively small world with a handful of big players. In fact, the top 50 construction machinery manufacturing companies combined account for about 90% of the industry's revenue. However, there are new players in the industry.

Case . . .

Construction sites require a range of different equipment and attachments to perform job specific tasks. Some machinery is specialized and other have a range of functions, each putting work in toward the objective.

It's no surprise that a common need on sites is the ability to move heavy objects and put them in tough to reach places. It's not specialized, but one of the most useful and popular machines for reaching great heights and being a general workhorse for 7.8 mil . . .

Together, the top 50 construction machine manufacturing companies pull in 90% of the entire industry's revenue. That's a lot of heavy equipment changing ownership. It can be daunting to sell some of your old construction equipment, but having that option turns things sitting idly into cash.

Selling heavy equipment is a little more complicated than posting a Craigslist ad that says "Excavator for Sale". Y . . .

  • January 8, 2018
  • Grand Equipment

Did you know that estimates place the global construction equipment market at approximately $145.5 billion in value? The United States alone has 7.8 million construction industry production workers. This doesn't even include derivatives like the equipment transportation services industry or heavy equipment rentals. All told, construction is one of the worlds largest physical industries.

Since many of the machines and . . .