PUBLISHER: The Business Research Company | PRODUCT CODE: 1931821
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931821
Agriculture, Construction, and Mining Machinery encompasses specialized equipment used across various industries for activities like planting, harvesting, building, and resource extraction. This machinery boosts productivity, enhances efficiency, and ensures safety in operations. It serves as a vital component in supporting the agriculture, construction, and mining sectors, contributing to economic growth and development.
The primary types of agriculture, construction, and mining machinery include construction machinery, agricultural implements, and mining and oil and gas field machinery. The construction machinery market pertains to equipment related to construction, involving various operations such as autonomous, semi-autonomous, and manual. Additionally, these machines come in various capacities, ranging from small to medium and large.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the agriculture, construction, and mining machinery market by increasing costs of imported engines, steel structures, hydraulic systems, electronic control units, and drivetrain components used across excavators, tractors, and mining equipment. North America and Europe are significantly affected due to cross-border component dependencies, while Asia-Pacific faces cost pressure on export-driven machinery manufacturing. These tariffs are elevating equipment prices and slowing procurement cycles for large projects. At the same time, they are supporting local manufacturing, regional supplier development, and increased investment in domestic heavy machinery production capabilities.
The agriculture, construction, and mining machinery market research report is one of a series of new reports from The Business Research Company that provides agriculture, construction, and mining machinery market statistics, including agriculture, construction, and mining machinery industry global market size, regional shares, competitors with agriculture, construction, and mining machinery market share, detailed agriculture, construction, and mining machinery market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture, construction, and mining machinery industry. This agriculture, construction, and mining machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The agriculture, construction, and mining machinery market size has grown strongly in recent years. It will grow from $834.18 billion in 2025 to $886.03 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to expansion of infrastructure development projects, growth in commercial agriculture activities, increasing mining and resource extraction operations, rising adoption of mechanized construction methods, improved availability of heavy machinery financing.
The agriculture, construction, and mining machinery market size is expected to see strong growth in the next few years. It will grow to $1166.8 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing investments in autonomous machinery solutions, rising focus on low-emission heavy equipment, expansion of smart construction and mining sites, growing demand for high-efficiency machinery, increasing adoption of digital fleet management systems. Major trends in the forecast period include increasing adoption of multi-sector heavy machinery platforms, rising demand for high-capacity equipment across industries, growing integration of autonomous operation systems, expansion of electrified and hybrid machinery, enhanced focus on operator safety and productivity.
Growth in the construction industry is expected to drive expansion of the agriculture, construction, and mining machinery market going forward. The construction industry encompasses the sector of manufacturing and trade involved in building, repairing, renovating, and maintaining infrastructure. Expansion in construction exerts a multiplier effect on the agriculture, construction, and mining machinery market by increasing demand for heavy equipment, accelerating technological progress, encouraging application-specific customization, prompting replacement and modernization cycles, supporting large-scale infrastructure projects, and delivering secondary benefits to adjacent sectors such as mining and quarrying. For example, in August 2024, Eurostat reported that construction production in the euro area rose by 1.0% in June 2024 compared with June 2023. Therefore, growth in the construction industry has supported the expansion of the agriculture, construction, and mining machinery market.
Leading firms in the agriculture, construction, and mining machinery market are prioritizing innovation, particularly the development of electric and hybrid equipment, to maintain competitive positions. Electric and hybrid machinery - vehicles and equipment powered by electric or hybrid systems instead of conventional internal combustion engines - are gaining traction across these industries. For instance, in July 2023, Sany UK introduced the SY19E electric mini excavator, a compact, versatile machine suited for urban construction, landscaping, and indoor work. The SY19E is battery-powered, emits no exhaust, and uses a lithium iron phosphate (cobalt-free) battery to enable faster, safer, and more efficient charging, making it an environmentally preferable alternative to diesel-powered excavators.
In January 2025, Yanmar Holdings Co., Ltd., a Japan-based agricultural machinery company, acquired CLAAS India Private Limited for an undisclosed amount. Through this acquisition, Yanmar seeks to broaden its agricultural implements and sprayer portfolio in India by incorporating CLAAS India's product range, including combine harvesters and attachments, and by strengthening local manufacturing and distribution capabilities. CLAAS India Private Limited is an India-based manufacturer of agricultural machinery.
Major companies operating in the agriculture, construction, and mining machinery market are Caterpillar Inc., Deere & Company, Zoomlion Heavy Industry Science and Technology Co. Ltd., Volvo AB, Komatsu Ltd., Case New Holland, CNH Industrial NV, Kubota Corp., Mahindra & Mahindra Limited, Liebherr Group, Atlas Copco AB, AGCO Corporation, Massey Ferguson Limited, Alamo Group Incorporated, Sany Group, Astec Industries Inc., Berco S.p.A., Poclain S.A., Bennington Company, Bomag GmbH, Seppi, SampoRlei SpA
Asia-Pacific was the largest region in the agriculture, construction, and mining machinery market in 2025. Western Europe was the second largest region in the agriculture, construction, and mining machinery market. The regions covered in the agriculture, construction, and mining machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the agriculture, construction, and mining machinery market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Agriculture, Construction, And Mining Machinery Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses agriculture, construction, and mining machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agriculture, construction, and mining machinery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The agriculture, construction, and mining machinery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.