Key Highlights The market is projected to reach US$15.29 billion by 2030, signaling sustained expansion through the forecast period. Growth is projected at a 6.93% CAGR from 2024 to 2030, creating opportunities for manufacturers and equipment suppliers. Asia Pacific held the highest regional share in 2023, supported by infrastructure and construction activity. Construction is expected to remain a major end-user segment as projects and infrastructure improvements expand. Loading is estimated to hold a leading application position as construction activity increases.
