The Asia-Pacific region continued to lead global industry growth over the last six months, with aviation and tourism accounting for more than 24 million jobs and US$500 billion in economic activity.
Earthmoving equipment refers to heavy equipment used in the construction industry to move large amounts of earth, dig foundations for buildings, and landscape areas. The various types of earthmoving equipment include construction tractors, excavators, and loaders. The earthmoving equipment market in Turkey is expected to grow at a CAGR of 5.88% during the forecast period. An increase in power and energy infrastructure construction and the government's Vision 2023 in infrastructure development are the major contributors for the steady growth of the market in Turkey.