PUBLISHER: Grand View Research | PRODUCT CODE: 1869780
PUBLISHER: Grand View Research | PRODUCT CODE: 1869780
The global construction equipment finance market size was estimated at USD 94.27 billion in 2024, and is projected to reach USD 157.26 billion by 2033, growing at a CAGR of 6.3% from 2025 to 2033.The growth of the market is driven by the accelerating pace of global infrastructure development, rapid urbanization, and the growing demand for cost-efficient financing solutions among contractors.
Governments across emerging economies are investing heavily in transportation, housing, and energy projects, fueling demand for high-value equipment such as excavators, loaders, and cranes. Small and medium-sized contractors increasingly rely on financing and leasing options to manage cash flow and reduce upfront capital expenditure. Technological innovation is transforming construction equipment financing by enhancing asset management, risk assessment, and customer experience. The integration of IoT-enabled telematics allows financiers to track equipment usage, monitor asset performance, and assess residual value with greater accuracy. Artificial intelligence (AI) and machine learning (ML) are increasingly being used for credit risk modeling and predictive maintenance, while digital financing platforms streamline loan approvals and disbursements.
Investments in the construction equipment finance industry are rising as banks, captive finance arms of OEMs, and independent leasing companies expand their portfolios to capitalize on strong demand. Equipment manufacturers such as Caterpillar Financial, Volvo Financial Services, and Komatsu Financial are increasingly partnering with fintech firms to provide flexible, customer-centric solutions. Venture capital and private equity investors are also showing interest in financing startups that specialize in equipment-as-a-service (EaaS) models, asset tracking, and digital financing platforms. Asia Pacific, in particular, is witnessing a surge in investments as local financial institutions develop tailored loan and lease products to support national infrastructure programs.
Global Construction Equipment Finance Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global construction equipment finance market report based on financing, equipment, industry, and region.