/EIN News/ -- Dublin, Nov. 04, 2019 (GLOBE NEWSWIRE) -- The "Ethiopia Construction Equipment Market (2019-2025): Market Forecast By Equipment Type, Excavator, Material Handling, By Applications, By Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. This report thoroughly covers the market by equipment type, applications, and regions. The Ethiopian construction equipment market is projected to grow at a CAGR of 6.1% during 2019-2025Development of public infrastructure and government initiatives such as Ethiopia Vision 2025, Growth & Transformation Plan - II as well as massive infrastructure projects such as The Great Renaissance Dam are driving the growth of construction equipment in Ethiopia. Construction application segment is the key revenue-generating segment in the overall Ethiopia construction equipment market share owing to widespread expansion and development of the road network in the country. In 2018, the earthmoving equipment type accounted for the highest share in terms of market revenues; however, other equipment types such as cranes, material handling and road construction equipment are considered as the key growing construction equipment types.

Source: Ethiopian News November 04, 2019 17:03 UTC