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The resurgence of the construction sector in Europe has boosted the demand for construction equipment.
XCMG is the fifth-biggest construction machinery organization worldwide.
Concrete construction equipment: This segment includes small mixers, placing equipment, reinforcing steel tools, concrete saws/ drills, paving tools, and equipment.
Many players are investing in equipment or acquiring other companies to expand their product portfolios to be a one-stop solution provider for all construction equipment needs.
The construction equipment industry is expected to grow to reach $## billion by 2019-2020 from the current size of $##. ## billion.