Heavy-Duty Construction Equipment Market 2025-2035

Description

List of Tables

Heavy-Duty Construction Equipment Market Size, Share & Trends Analysis Report by Machinery Type (Earth Moving Equipment (Cranes, Loader & Backhoe, Telescopic Handlers, Excavators, and Others), Material Handling Equipment (Hoists, Conveyors, Forklifts, and Others), and Other Construction Equipment (Concrete Mixers, Road Rollers, Stone Crushers, Dumpers, Tippers & Trailers, and Others), by Application (Excavation & Demolition, Heavy Lifting, Handling, Transportation, Recycling & Waste Management, and Others), and by Industry (Construction & Infrastructure, Manufacturing, Mining, and Others (Oil & Gas)), Forecast Period (2025-2035)

Industry Overview

Heavy-duty construction equipment market was valued at $211.2 billion in 2024 and is projected to reach $361.6 billion by 2035, growing at a CAGR of 5.1% during the forecast period (2025-2035). The global heavy-duty construction equipment market is witnessing consistent expansion, driven by rising investments in large-scale infrastructure and industrial projects. The demand for advanced machinery is also supported by rapid urbanization and modernization across emerging economies. Manufacturers are increasingly focusing on enhancing durability and efficiency to meet the growing requirements of diverse industries. The sector is benefiting from government initiatives aimed at improving transport and energy networks. In addition, technological upgrades in equipment are helping to reduce operational costs while improving safety standards.

Market Dynamics

Integration of Advanced Technologies in Equipment

The market is witnessing a steady shift toward the adoption of digital and automation technologies in heavy-duty machinery. Manufacturers are increasingly equipping equipment with telematics, IoT-based monitoring, and AI-driven solutions for predictive maintenance. Komatsu Ltd. has introduced smart construction solutions that integrate machine control and fleet management systems. These innovations not only improve productivity but also reduce fuel consumption and downtime. Contractors and infrastructure developers are rapidly adopting such technologies to enhance efficiency. This trend highlights the industry's focus on combining traditional strength with digital intelligence.

Rising Demand from Infrastructure Development Projects

Global infrastructure investment is one of the strongest growth drivers for the heavy-duty construction equipment sector. Massive projects in roads, bridges, railways, and urban development continue to generate sustained demand for excavators, loaders, and cranes. Volvo Construction Equipment AB has been actively involved in supplying machinery for large-scale infrastructure projects across Europe and Asia. The emphasis on eco-friendly and energy-efficient machinery has further strengthened its appeal. Governments globally are allocating significant budgets for infrastructure upgrades and smart city programs. This expanding demand base positions infrastructure development as a key pillar of market growth.

Market Segmentation

Based on the machinery type, the market is segmented into earth-moving equipment (cranes, loaders & backhoes, telescopic handlers, excavators, and others), material handling equipment (hoists, conveyors, forklifts, and others), and other construction equipment (concrete mixers, road rollers, stone crushers, dumpers, tippers & trailers, and others).
Based on the application, the market is segmented into excavation & demolition, heavy lifting, handling, transportation, recycling & waste management, and others.
Based on the Industry, the market is segmented into construction & infrastructure, manufacturing, mining, and others (oil & gas).

Earth Moving Equipment Segment to Lead the Market with the Largest Share

The rising use of earth-moving machinery is a major factor fueling market expansion, particularly in road and housing projects. Excavators, loaders, and bulldozers are widely utilized for efficient site preparation and large-scale earthworks. Companies like Caterpillar have strengthened their product portfolio with high-performance equipment designed for productivity and lower fuel consumption. Demand is also supported by rapid urban development across both developed and emerging nations. Technological innovations such as automation and smart controls are further driving adoption. These elements combined are reinforcing the position of earth-moving equipment as a key contributor to industry growth.

Construction & Infrastructure: A Key Segment in Market Growth

The surge in global construction and infrastructure investments is significantly advancing the market. Governments are prioritizing the development of highways, metro projects, and smart cities to enhance connectivity. Firms such as Komatsu are providing advanced machinery tailored for these projects, ensuring efficiency and safety on job sites. Demand is also bolstered by urban renewal programs in developed economies. Additionally, the focus on sustainable and energy-efficient infrastructure is encouraging the adoption of modern heavy-duty machines. These combined factors are enabling robust growth in this sector of the market.

Regional Outlook

The global heavy-duty construction equipment market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Increasing Rapid Industrialization And Urbanization in the Asia-Pacific

Rapid industrialization and urbanization across the Asia-Pacific are key drivers for rising equipment demand. Countries like China and India are heavily investing in infrastructure such as airports, railways, and industrial corridors. Hyundai Construction Equipment has expanded its regional footprint with versatile machines tailored for local requirements. The rise of public-private partnerships in infrastructure is further creating opportunities for machinery suppliers. Growing mining activity in certain economies is also boosting the adoption of heavy-duty equipment. These developments are strengthening the Asia-Pacific's role as a leading market for construction machinery.

North America Region Dominates the Market with a Major Share

The North American market is gaining momentum with large-scale infrastructure modernization and repair initiatives. Significant government spending on highways, bridges, and renewable energy facilities is sustaining demand for advanced equipment. Deere & Company, for example, continues to provide innovative machinery suited for both construction and material handling operations. The region also benefits from high adoption of technologically advanced solutions like telematics and machine automation. Environmental regulations are pushing manufacturers to deliver fuel-efficient and low-emission equipment.

Market Players Outlook

The major companies operating in the global heavy-duty construction equipment market include Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr Group, Volvo Construction Equipment AB., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In September 2025, CASE announced its showroom for The Utility Expo 2025, spotlighting heavy-duty equipment such as electric backhoes, compact excavators, and larger machinery engineered for utility and urban environments.
In February 2025, Caterpillar celebrated its 100th anniversary and launched several new machines at bauma 2025, including the 330 UHD Ultra High Demolition Hydraulic Excavator with advanced stability monitoring and the Cat 775 off-highway truck equipped for future autonomous operations.
In July 2024, Komatsu launched its new portfolio of demolition excavators for North America, including the PC490HRD-11 with the K100 boom change system and several straight boom models offering increased reach and robust protection.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global heavy-duty construction equipment market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2023583

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Heavy-Duty Construction Equipment Market Sales Analysis - Machinery Type | Application | Industry | ($ Million)
Heavy-Duty Construction Equipment Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Heavy-Duty Construction Equipment Market Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Heavy-Duty Construction Equipment Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Heavy-Duty Construction Equipment Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Heavy-Duty Construction Equipment Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - Heavy-Duty Construction Equipment Market Revenue and Share by Manufacturers
Heavy-Duty Construction Equipment Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Caterpillar Inc.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Hitachi Construction Machinery Co., Ltd.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Komatsu Ltd.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Liebherr Group
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Volvo Construction Equipment AB
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Heavy-Duty Construction Equipment Market Sales Analysis by Machinery Type ($ Million)

5.1. Earth Moving Equipment
- 5.1.1. Cranes
- 5.1.2. Loader & Backhoe
- 5.1.3. Telescopic Handlers
- 5.1.4. Excavators
- 5.1.5. Others (Graders, Trencher)
5.2. Material Handling Equipment
- 5.2.1. Hoists
- 5.2.2. Conveyors
- 5.2.3. Forklifts
- 5.2.4. Others (Industrial Trucks)
5.3. Other Construction Equipment
- 5.3.1. Concrete Mixers
- 5.3.2. Road Rollers
- 5.3.3. Stone Crushers
- 5.3.4. Dumpers
- 5.3.5. Tippers & Trailers
- 5.3.6. Others (Slurry Seal Machines)

6. Global Heavy-Duty Construction Equipment Market Sales Analysis by Applications ($ Million)

6.1. Excavation & Demolition
6.2. Heavy Lifting
6.3. Handling
6.4. Transportation
6.5. Recycling & Waste Management
6.6. Others (Tunneling)

7. Global Heavy-Duty Construction Equipment Market Sales Analysis by Industry ($ Million)

7.1. Construction & Infrastructure
7.2. Manufacturing
7.3. Mining
7.4. Others (Oil & Gas)

8. Regional Analysis

8.1. North American Heavy-Duty Construction Equipment Market Sales Analysis - Machinery Type | Application | Industry | Country ($ Million)
Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
8.2. European Heavy-Duty Construction Equipment Market Sales Analysis - Machinery Type | Application | Industry | Country ($ Million)
Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Asia-Pacific Heavy-Duty Construction Equipment Market Sales Analysis - Machinery Type | Application | Industry | Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
8.4. Rest of the World Heavy-Duty Construction Equipment Market Sales Analysis - Machinery Type | Application | Industry | Country ($ Million)
Macroeconomic Factors for Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa

9. Company Profiles

9.1. Astec Industries, Inc.
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
9.2. Astec Industries, Inc.
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
9.3. Bell Equipment Ltd.
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
9.4. Caterpillar Inc.
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
9.5. CNH Industrial N.V
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
9.6. Doosan Infracore Co., Ltd. (Hyundai Doosan Infracore)
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
9.7. Hitachi Construction Machinery Co., Ltd.
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
9.8. Hyundai Construction Equipment Co., Ltd.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
9.9. J.C. Bamford Excavators Ltd. (JCB)
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
9.10. Kobelco Construction Machinery Co., Ltd.
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
9.11. Komatsu Ltd.
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
9.12. Liebherr Group
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
9.13. Mahindra Construction Equipment (Mahindra & Mahindra Ltd.)
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
9.14. Manitou Group
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
9.15. Sany Heavy Industry Co., Ltd.
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
9.16. Terex Corp.
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
9.17. Volvo Construction Equipment AB
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
9.18. Wirtgen Group (John Deere)
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
9.19. Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
9.20. Zoomlion Heavy Industry Science & Technology Co., Ltd.
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies