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 research from Global Construction Perspectives and Oxford Economics.
Aside from the sheer volume of construction requests across the U.S., India, China, and the rest of the world, another reason the global market is going to significantly increase over the next few years is because of innovations within the construction equipment industry.
There are plenty of high quality pieces of construction equipment for sale that have been in use for decades -- but there are some newer machines and devices that are breaking into the market as well. These high quality pieces of equipment can help with everything from transportation services and repair services, to improved communication and video footage.
Here are some of the best construction equipment items on the market today