The heavy construction vehicles market size is expected to reach US$ 76.3 billion by 2031 from US$ 51.3 billion in 2024. The market is estimated to record a CAGR of 6.0% from 2025 to 2031.
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Executive Summary and Global Market Outlook:
The heavy construction vehicles market—which includes equipment such as dump trucks, concrete mixers, pavers, and trenchers—is experiencing significant global market growth. This expansion is driven by accelerating urbanization, large-scale infrastructure projects, and rapid technological innovation. Valued in the billions annually, the market is projected to grow steadily through 2030, underpinned by rising demand for modern, efficient infrastructure across both developed and developing regions.
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