According to a new report by Intel Market Research, the global Industrial Heavy Equipment Market was valued at USD 207.74 billion in 2025 and is projected to reach USD 341.14 billion by 2034, expanding at a CAGR of 7.5% during the forecast period. The market growth is being fueled by rising infrastructure development projects, increasing mining activities, rapid urbanization, and growing investments in smart construction technologies across emerging and developed economies.
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Industrial heavy eq