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Used Construction Equipment Market Share, Trend & Growth Forecast to 2026

The global used construction equipment industry is projected to observe significant expansion over the forthcoming timeframe owing to the rising adoption of the equipment in diverse applications like mining, forestry, agriculture, and manufacturing. Growing focus on deploying modern machines to decrease reliance on human labor is further complementing the market size.

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Used Construction Equipment Market Share, Trend & Growth Forecast to 2026

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  1. Used Construction Equipment Market Regional Trend | Growth Projections to 2026

  2. KeyInsights Used Construction Equipment Market : • The global used construction equipment industry is projected to observe significant expansion over the forthcoming timeframe owing to the rising adoption of the equipment in diverse applications like mining, forestry, agriculture, and manufacturing. Growing focus on deploying modern machines to decrease reliance on human labor is further complementing the market size. • Additionally, the growing adoption of used construction equipment across mining projects as well as the agricultural industry of Latin America would complement the market size further. In fact, according to the Food and Agriculture Organization of the United Nations, Latin America agriculture and fisheries industry has seen consistent growth of 2.7% over the past two decades. Additionally, it is expected that be the end of 2028, LATAM would account for approximately 25% of the world’s agricultural as well as fisheries exports. This unprecedented growth would create ample growth opportunities for the market.

  3. Continued… • With respect to product, the used concrete equipment segment is projected to expand at a rapid pace owing to rising government investments towards the construction of robust road infrastructure throughout the globe. • In fact, various developing as well as developed nations like Saudi Arabia, Brazil, and India are heavily investing towards the expansion of their road networks to link towns and cities together. Taking 2019 for instance, the Government of India invested about $15.9 billion in its National Highway Project to improve connectivity in urban and rural regions of the country.

  4. Latest Research Used Construction Equipment Market @ https://bit.ly/35abTMy Request for a Sample Copy of This Research Report @ https://bit.ly/32pdGfa

  5. Major Companies Vehicle Armor Market: • Shriram Automall India Limited (SAMIL) • Terex Corporation • Toromont Industries Ltd. • Volvo Construction Equipmen

  6. Regional Vehicle Armor Market: • On the regional front, with a rapidly expanding construction sector, both in semi-urban and urban areas, the APAC used construction equipment industry is slated to witness a period of remunerative growth. Favorable employment opportunities and rapid industrialization are fueling a strong urban migration trend throughout the region, calling for more commercial and residential construction. • Moreover, higher inclination of leading regional construction companies as well as small building contractors towards utilizing used construction equipment, owing to their affordability, would positively impel the regional market trends.

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