There were 122 press releases posted in the last 24 hours and 219,042 in the last 365 days.
Chicago, Aug. 17, 2022 (GLOBE NEWSWIRE) -- According to the latest research report by Arizton, the U.S. Used construction equipment market is expected to grow at a CAGR of over 5% during 2022-2028 due to the high demand for aerial platforms in material handling segment. Rising Government investment in redevelopment, repair, projects for road, public infrastructure such as airports, railways stations across the country is expected to drive the demand for used equipment market in US.
U.S. Used Construction Equipment Market Report Scope
Click Here to Download the Free Sample Report
Rise in demand for used construction equipment in agriculture & forestry sectors
Construction equipment such as mini excavator and loaders are used in agriculture and forestry industries. Due to the increasing demand for ground leveling, loading crops, fence building, & land clearing activities in agriculture & forest industries, the demand for used equipment in the forestry & agriculture sectors increased in 2021. The cost-efficient quality of used construction equipment makes its popular for forestry & agriculture industries.
The COVID-19 pandemic adversely impacted the US economy. The country's agriculture sector underperforms due to the reduction in demand & labor shortage. Farmer's net income declined by 9% in 2020. The reduction in buying capacity of farmers triggers the demand for used equipment in the US market. The tools used for agriculture & forestry are excavators & backhoe loaders.
Explore our industrial machinery profile to know more about the industry.
Click Here to Download the Free Sample Report
Read some of the top-selling reports:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Click Here to Contact Us
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.