The global construction machinery market size will grow from $308.97 billion in 2022 to $336.72 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The increasing demand for road construction activities in developing countries, such as China, India, and Brazil, is one of the key factors driving the growth of the market. The rising investment in infrastructure development projects is also expected to boost market growth. Get Sample copy of this report 

The road construction machinery market is segmented by type, application, and region. By type, the market is segmented into road making and earth moving. The road making segment is expected to dominate the market during the forecast period. This is due to the increasing demand for road construction activities in developing countries. 

By application, the market is segmented into mining activities, archaeological activities, agricultural activities, infrastructural activities, and others. The infrastructural activities segment is expected to dominate the market during the forecast period. This is due to the rising investment in infrastructure development projects in developing countries. Know more about this report (Description, TOC and List of Tables and Figures) 

The key players operating in the road construction machinery market include Zoomlion, Deere & Company, Ditch Witch, Doosan, Gehl, Hitachi, HYSOON, Hyundai, J.C. Bamford Excavators, JCB, Kanu Equipment, Kobelco, Komatsu, Kubota, L&T Construction & Mining Machinery, Liebherr Group, Liugong Machinery, Longking, Loval, MUSTANG, SANY, SINOMACH Changlin, Solmec Earthmovers, Sumitomo, Sunward, Terex, Volvo, WECAN, WOLWA, XCMG, CNH Industrial, Action Construction Equipment, ASV, Bharat Earth Movers, Bobcat, Caterpillar/Cat, and Changlin. 

The road construction machinery market is a highly competitive market. The key players are focusing on product innovation and expansion of their product portfolio to gain a competitive edge in the market. They are also focusing on mergers and acquisitions to expand their geographical presence. Buy this report (single User) 

The road construction machinery market is expected to grow at a steady pace during the forecast period. The increasing demand for road construction activities in developing countries and the rising investment in infrastructure development projects are the key factors driving the growth of the market. 

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