The construction equipment industry is massive. It was predicted to be at $124.7 billion around 2019, and by 2027, it's expected to increase by another 4.3%.
Various factors contribute to this trend, the rising demand for infrastructure being a central point. Used construction equipment has also been in need for a while. Construction spare parts equipment has an average lifespan of seven to 10 years, and some can even last longer with better maintenance.