Heavy Max 2020, The 17th International Exhibition for Heavy Machinery, will attract a massive number of manufacturers and suppliers of the world’s leading brands. The exhibition showcases the latest cutting-edge construction machinery, equipment, and systems. It also provides an ideal platform to meet the demands of a billion-dollar construction market.
Heavy Max will be held from 7 - 10 December 2020, under Project Qatar 2020, the 17th International Construction Technology and Building Materials Exhibition, covering a wide range of sectors across the building industry, and bringing together top professionals from all over the world.
According to a new market research report titled "Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025", published by ‘Markets and Markets’, the market is projected to grow at a CAGR of 4.52%, to reach a market size of $199.18 billion by 2025, from an estimated $146.17 billion in 2018. The market is driven by the increasing government spending on various infrastructure activities, development of smart cities, and changing emission regulations across the world.
Infrastructure is the fastest-growing application of construction equipment. It is expected to drive the market. This growth can be attributed to the upcoming construction projects around the globe, primarily in developing nations. Additionally, major events such as the FIFA World Cup in 2022 in Qatar is likely to drive the demand for construction equipment in these regions.
The GCC construction machinery market alone is expected to register a CAGR of 7-8% over the forecast period (2018-2023).
CONSTRUCTION EQUIPMENT: MAIN TRADE FLOWS IN QATAR