The business has successfully expanded its share in a highly fragmented market from 4% in 2007 to 11% in 2024 in the US through a combination of its “cluster” strategy and bolt-on acquisitions.
The Latin America heavy construction equipment market has been witnessing steady growth owing to the region’s expanding infrastructure projects and increasing demand for modern construction machinery.
( MENAFN - GlobeNewsWire - Nasdaq) The global heavy construction equipment market was valued at approximately USD 202,000 million in 2023 and is projected to grow from USD 210,500 million in 2024 to ...