PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930255
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930255
Construction Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034
Growth Factors of construction equipment Market
The global construction equipment market is a critical pillar of infrastructure development, encompassing the manufacturing, distribution, and sales of machinery used for earthmoving, material handling, road construction, and civil engineering activities. In 2025, the global construction equipment market size was valued at USD 171.98 billion. The market is projected to grow from USD 183.27 billion in 2026 to USD 310.24 billion by 2034, registering a compound annual growth rate (CAGR) of 6.8% during the forecast period.
In terms of regional dominance, Asia Pacific led the global construction equipment market with a share of 42.00% in 2025, supported by rapid urbanization, large-scale infrastructure investments, and strong government initiatives across emerging economies.
Market Overview
Construction equipment includes a wide range of machinery such as excavators, loaders, cranes, dozers, road-building equipment, and concrete machinery, all of which are essential for residential, commercial, industrial, and infrastructure projects. The market is witnessing steady expansion due to increasing urban population, rising construction activities, and large public infrastructure programs worldwide.
Technological advancements are reshaping the market landscape. The integration of automation, telematics, electrification, artificial intelligence (AI), and IoT in construction machinery is enhancing productivity, reducing emissions, and lowering operational costs. These innovations are encouraging contractors and construction companies to upgrade their equipment fleets.
Impact of Chinese Players in the Market
Chinese manufacturers are playing an increasingly influential role in the global construction equipment market. Backed by strong government support, large-scale manufacturing capabilities, and competitive pricing strategies, Chinese players are expanding rapidly in both emerging and developed markets. Their ability to offer cost-effective machinery without major compromises in quality makes them highly competitive in price-sensitive regions.
Moreover, Chinese companies are investing heavily in electric, autonomous, and intelligent construction machinery, aligning with global sustainability and automation trends. Aggressive international expansion through exports, joint ventures, and local assembly units is intensifying global competition and reshaping market dynamics.
Construction Equipment Market Trends
One of the key trends in the global market is the growing adoption of excavators. Excavators are essential for digging, demolition, material handling, and site preparation, making them indispensable across infrastructure and mining projects. The demand for electric and hybrid excavators, autonomous operation, and telematics-enabled machines is increasing, driven by efficiency and emission-reduction requirements.
Additionally, the rising focus on smart construction and sustainable building practices is accelerating the demand for energy-efficient machinery, particularly in regions with strict environmental regulations.
Market Dynamics
Market Drivers:
Technological advancements are a major growth driver. Automation, AI-powered predictive maintenance, GPS, and IoT integration enable real-time monitoring, reduced downtime, optimized fuel usage, and improved safety. The shift toward electric and hybrid construction machinery is gaining traction due to stringent emission norms and global sustainability goals.
Market Restraints:
Supply chain disruptions remain a key challenge. Semiconductor shortages, raw material price volatility, transportation bottlenecks, and geopolitical tensions have delayed production and increased manufacturing costs. These factors have led to longer equipment delivery timelines and higher operational expenses.
Market Opportunities:
Government-led infrastructure investments present significant growth opportunities. Programs such as the U.S. Infrastructure Investment and Jobs Act, China's Belt and Road Initiative, and India's National Infrastructure Pipeline are driving strong demand for advanced construction machinery. Public-private partnerships and green infrastructure projects are further supporting market expansion.
Segmentation Analysis
By Equipment Type:
The earthmoving equipment segment dominated the market, holding 53.52% market share in 2026, due to its critical role in excavation and site preparation. The material handling equipment & cranes segment is expected to witness the highest growth, supported by high-rise construction and industrial expansion.
By Application:
The residential sector led the market, accounting for 40.39% market share in 2026, driven by growing housing demand and urban development. The industrial segment is expected to register the fastest growth due to rising investments in manufacturing facilities, logistics hubs, and industrial infrastructure.
Regional Outlook
- Asia Pacific: Market size reached USD 72.30 billion in 2025 and USD 77.42 billion in 2026, led by China, India, and Japan
- Europe: Valued at USD 49.11 billion in 2026, driven by green building initiatives and emission regulations
- North America: Market size stood at USD 37.64 billion, with the U.S. valued at USD 29.97 billion in 2026
- Middle East & Africa: Reached USD 12.81 billion in 2026, supported by mega infrastructure projects
- Latin America: Witnessing moderate growth due to road construction and mining activities
Competitive Landscape
The market is highly competitive, with leading players such as Caterpillar, Komatsu, Volvo, Liebherr, Hitachi, SANY, and XCMG focusing on innovation, electrification, automation, and global expansion. The top five companies account for approximately 44.8% of the global market share.
Conclusion
In conclusion, the global construction equipment market is poised for strong and sustained growth, expanding from USD 171.98 billion in 2025 to USD 310.24 billion by 2034. Rapid urbanization, large-scale infrastructure investments, and continuous technological advancements will remain the primary growth drivers. While supply chain disruptions and cost pressures pose short-term challenges, increasing adoption of electric, automated, and intelligent machinery, along with strong government support for infrastructure development, will ensure long-term market expansion and resilience.
Segmentation By Equipment Type
- Earthmoving Equipment
- Material Handling Equipment & Cranes
- Concrete Equipment
- Road Building Equipment
- Civil Engineering Equipment
- Crushing and Screening Equipment
- Others
By Application
- Residential
- Commercial
- Industrial
By Region
- North America (By Equipment Type, By Application, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Equipment Type, By Application, and By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe
- Asia Pacific (By Equipment Type, By Application, and By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific
- Middle East & Africa (By Equipment Type, By Application and By Country)
- South Africa (By Application)
- GCC (By Application)
- Rest of Middle East & Africa
- Latin America (By Equipment Type, By Application, and By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America
Companies Profiled in the Report Caterpillar Inc. (U.S.), CNH Industrial N.V. (U.K.), Doosan Corporation (South Korea), Hitachi Construction Machinery Co., Ltd. (Japan), HD Hyundai Construction Equipment Co., Ltd. (Japan), J.C. Bamford Excavators Limited (U.K.), Komatsu Ltd. (Japan), Liebherr Group (Switzerland), SANY GROUP (China), Volvo Group (Sweden), etc.
Table of Content
1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
2. Executive Summary
3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Construction Equipment Market Key Players Market Share Insights and Analysis, 2025
5. Global Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 5.1. Key Findings
- 5.2. By Equipment Type (USD)
- 5.2.1. Earthmoving Equipment
- 5.2.2. Material Handling Equipment & Cranes
- 5.2.3. Concrete Equipment
- 5.2.4. Road Building Equipment
- 5.2.5. Civil Engineering Equipment
- 5.2.6. Crushing and Screening Equipment
- 5.2.7. Other Equipment (Trailers, etc.)
- 5.3. By Application (USD)
- 5.3.1. Residential
- 5.3.2. Commercial
- 5.3.3. Industrial
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East and Africa
6. North America Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 6.1. Key Findings
- 6.2. By Equipment Type (USD)
- 6.2.1. Earthmoving Equipment
- 6.2.2. Material Handling Equipment & Cranes
- 6.2.3. Concrete Equipment
- 6.2.4. Road Building Equipment
- 6.2.5. Civil Engineering Equipment
- 6.2.6. Crushing and Screening Equipment
- 6.2.7. Other Equipment (Trailers, etc.)
- 6.3. By Application (USD)
- 6.3.1. Residential
- 6.3.2. Commercial
- 6.3.3. Industrial
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.1.1. By Application
- 6.4.1.1.1. Residential
- 6.4.1.1.2. Commercial
- 6.4.1.1.3. Industrial
- 6.4.1.1. By Application
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.2.1.1. Residential
- 6.4.2.1.2. Commercial
- 6.4.2.1.3. Industrial
- 6.4.2.1. By Application
- 6.4.1. U.S.
7. Europe Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 7.1. Key Findings
- 7.2. By Equipment Type (USD)
- 7.2.1. Earthmoving Equipment
- 7.2.2. Material Handling Equipment & Cranes
- 7.2.3. Concrete Equipment
- 7.2.4. Road Building Equipment
- 7.2.5. Civil Engineering Equipment
- 7.2.6. Crushing and Screening Equipment
- 7.2.7. Other Equipment (Trailers, etc.)
- 7.3. By Application (USD)
- 7.3.1. Residential
- 7.3.2. Commercial
- 7.3.3. Industrial
- 7.4. By Country (USD)
- 7.4.1. United Kingdom
- 7.4.1.1. By Application
- 7.4.1.1.1. Residential
- 7.4.1.1.2. Commercial
- 7.4.1.1.3. Industrial
- 7.4.1.1. By Application
- 7.4.2. Germany
- 7.4.2.1. By Application
- 7.4.2.1.1. Residential
- 7.4.2.1.2. Commercial
- 7.4.2.1.3. Industrial
- 7.4.2.1. By Application
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.3.1.1. Residential
- 7.4.3.1.2. Commercial
- 7.4.3.1.3. Industrial
- 7.4.3.1. By Application
- 7.4.4. Italy
- 7.4.4.1. By Application
- 7.4.4.1.1. Residential
- 7.4.4.1.2. Commercial
- 7.4.4.1.3. Industrial
- 7.4.4.1. By Application
- 7.4.5. Spain
- 7.4.5.1. By Application
- 7.4.5.1.1. Residential
- 7.4.5.1.2. Commercial
- 7.4.5.1.3. Industrial
- 7.4.5.1. By Application
- 7.4.6. Rest of Europe
- 7.4.1. United Kingdom
8. Asia Pacific Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 8.1. Key Findings
- 8.2. By Equipment Type (USD)
- 8.2.1. Earthmoving Equipment
- 8.2.2. Material Handling Equipment & Cranes
- 8.2.3. Concrete Equipment
- 8.2.4. Road Building Equipment
- 8.2.5. Civil Engineering Equipment
- 8.2.6. Crushing and Screening Equipment
- 8.2.7. Other Equipment (Trailers, etc.)
- 8.3. By Application (USD)
- 8.3.1. Residential
- 8.3.2. Commercial
- 8.3.3. Industrial
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.1.1.1. Residential
- 8.4.1.1.2. Commercial
- 8.4.1.1.3. Industrial
- 8.4.1.1. By Application
- 8.4.2. India
- 8.4.2.1. By Application
- 8.4.2.1.1. Residential
- 8.4.2.1.2. Commercial
- 8.4.2.1.3. Industrial
- 8.4.2.1. By Application
- 8.4.3. Japan
- 8.4.3.1. By Application
- 8.4.3.1.1. Residential
- 8.4.3.1.2. Commercial
- 8.4.3.1.3. Industrial
- 8.4.3.1. By Application
- 8.4.4. Southeast Asia
- 8.4.4.1. By Application
- 8.4.4.1.1. Residential
- 8.4.4.1.2. Commercial
- 8.4.4.1.3. Industrial
- 8.4.4.1. By Application
- 8.4.5. Rest of Asia Pacific
- 8.4.1. China
9. Middle East & Africa Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 9.1. Key Findings
- 9.2. By Equipment Type (USD)
- 9.2.1. Earthmoving Equipment
- 9.2.2. Material Handling Equipment & Cranes
- 9.2.3. Concrete Equipment
- 9.2.4. Road Building Equipment
- 9.2.5. Civil Engineering Equipment
- 9.2.6. Crushing and Screening Equipment
- 9.2.7. Other Equipment (Trailers, etc.)
- 9.3. By Application (USD)
- 9.3.1. Residential
- 9.3.2. Commercial
- 9.3.3. Industrial
- 9.4. By Country (USD)
- 9.4.1. South Africa
- 9.4.1.1. By Application
- 9.4.1.1.1. Residential
- 9.4.1.1.2. Commercial
- 9.4.1.1.3. Industrial
- 9.4.1.1. By Application
- 9.4.2. GCC
- 9.4.2.1. By Application
- 9.4.2.1.1. Residential
- 9.4.2.1.2. Commercial
- 9.4.2.1.3. Industrial
- 9.4.2.1. By Application
- 9.4.3. Rest of Middle East & Africa
- 9.4.1. South Africa
10. Latin America Construction Equipment Market Size Estimates and Forecasts, By Segments, 2021-2034
- 10.1. Key Findings
- 10.2. By Equipment Type (USD)
- 10.2.1. Earthmoving Equipment
- 10.2.2. Material Handling Equipment & Cranes
- 10.2.3. Concrete Equipment
- 10.2.4. Road Building Equipment
- 10.2.5. Civil Engineering Equipment
- 10.2.6. Crushing and Screening Equipment
- 10.2.7. Other Equipment (Trailers, etc.)
- 10.3. By Application (USD)
- 10.3.1. Residential
- 10.3.2. Commercial
- 10.3.3. Industrial
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Application
- 10.4.1.1.1. Residential
- 10.4.1.1.2. Commercial
- 10.4.1.1.3. Industrial
- 10.4.1.1. By Application
- 10.4.2. Mexico
- 10.4.2.1. By Application
- 10.4.2.1.1. Residential
- 10.4.2.1.2. Commercial
- 10.4.2.1.3. Industrial
- 10.4.2.1. By Application
- 10.4.3. Rest of Latin America
- 10.4.1. Brazil
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. AB Volvo
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Caterpillar Inc.
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Komatsu Ltd.
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Doosan Corporation
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Hitachi Construction Machinery Co., Ltd.
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. J.C. Bamford Excavators Limited
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Liebherr Group
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. CNH Industrial N.V.
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Hyundai Construction Equipment Co., Ltd.
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. SANY GROUP
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
List of Tables
- Table 1: Global Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 2: Global Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 3: Global Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 4: Global Construction Equipment Market Size Estimates and Forecasts, By Region, 2021-2034
- Table 5: North America Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 6: North America Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 7: North America Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 8: North America Construction Equipment Market Size Estimates and Forecasts, By Country, 2021-2034
- Table 9: U.S. Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 10: Canada Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 11: Europe Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 12: Europe Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 13: Europe Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 14: Europe Construction Equipment Market Size Estimates and Forecasts, By Country, 2021-2034
- Table 15: U.K. Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 16: Germany Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 17: France Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 18: Italy Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 19: Spain Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 20: Asia Pacific Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 21: Asia Pacific Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 22: Asia Pacific Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 23: Asia Pacific Construction Equipment Market Size Estimates and Forecasts, By Country, 2021-2034
- Table 24: China Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 25: Japan Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 26: India Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 27: Southeast Asia Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 28: Middle East & Africa Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 29: Middle East & Africa Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 30: Middle East & Africa Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 31: Middle East & Africa Construction Equipment Market Size Estimates and Forecasts, By Country, 2021-2034
- Table 32: GCC Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 33: South Africa Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 34: Latin America Construction Equipment Market Size Estimates and Forecasts, 2021-2034
- Table 35: Latin America Construction Equipment Market Size Estimates and Forecasts, By Equipment Type, 2021-2034
- Table 36: Latin America Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 37: Latin America Construction Equipment Market Size Estimates and Forecasts, By Country, 2021-2034
- Table 38: Brazil Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
- Table 39: Mexico Construction Equipment Market Size Estimates and Forecasts, By Application, 2021-2034
List of Figures
- Figure 1: Global Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 2: Global Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 3: Global Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 4: Global Construction Equipment Market Revenue Share (%), By Region, 2025 and 2034
- Figure 5: North America Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 6: North America Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 7: North America Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 8: North America Construction Equipment Market Revenue Share (%), By Country, 2025 and 2034
- Figure 9: Europe Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 10: Europe Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 11: Europe Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 12: Europe Construction Equipment Market Revenue Share (%), By Country, 2025 and 2034
- Figure 13: Asia Pacific Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 14: Asia Pacific Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 15: Asia Pacific Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 16: Asia Pacific Construction Equipment Market Revenue Share (%), By Country, 2025 and 2034
- Figure 17: Middle East & Africa Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 18: Middle East & Africa Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 19: Middle East & Africa Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 20: Middle East & Africa Construction Equipment Market Revenue Share (%), By Country, 2025 and 2034
- Figure 21: South America Construction Equipment Market Revenue Share (%), 2025 and 2034
- Figure 22: South America Construction Equipment Market Revenue Share (%), By Equipment Type, 2025 and 2034
- Figure 23: South America Construction Equipment Market Revenue Share (%), By Application, 2025 and 2034
- Figure 24: South America Construction Equipment Market Revenue Share (%), By Country, 2025 and 2034
- Figure 25: Global Construction Equipment Key Players' Market Share/Ranking (%), 2025
