According to a new report published by Allied Market Research, titled, Latin America Heavy Construction Equipment Market by Equipment, Application, and End User: Opportunity Analysis and Industry Forecast, 2014-2022", the Latin America heavy construction equipment market size was valued at $4,310 million in 2016, and is projected to reach $6,391 million by 2022, growing at a CAGR of 6.8% from 2016 to 2022. The construction segment accounted for the dominant share of total heavy construction equipment market in 2016.