Significant demand for infrastructure and residential buildings is set to drive growth in the market for heavy construction equipment around the world over the next five years, a new report has found.

In its latest Heavy Construction Equipment Market – Global Trends & Forecasts to 2018 report, research firm MarketsandMarkets Analysis says it expects the market for equipment relating to earth moving, material handling and other heavy construction to grow at an average compound rate of 8.3 per cent over the next…